A Weekly Update on Special Situations
  • Ceragon Networks $CRNT received an unsolicited takeover proposal from Aviat Networks $AVNW for $2.80 per share

  • Greybug Vision $GRAY announced review of strategic alternatives

  • Hemisphere Media $HMTV disclosed it received 2 offers above $7 / share during its go-shop period

  • Rapid Micro Biosystems $RPID received an unsolicited takeover proposal for $5 per share

  • U.S. Global Investors $GROW rejected an unsolicited proposal from Echo Lake Capital and Deerhaven Capital

  • 2U $TWOU gained on a report of a $15 / share buyout offer from India’s Byju’s

  • Gulfport $GPOR and Encino are reportedly weighing a merger

  • Toronto-Dominion $TD is reportedly weighing a takeover of Cowen $COWN

  • Novartis $NVS leans toward a spinoff of its $25 billion generics arm

  • Playtika $PLTK Joffre Capital takes ~26% stake in secondary deal with Chinese investment group
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