Weekly Updates on Active US Merger Arb Cases
$BARK: Feb 13, 2026 – The special committee notes that it is engaging with both parties but is not providing diligence access unless customary standstill agreements are executed.
$KW: Feb 17, 2026 - Definitive deal announced; offer bumped from $10.25/share to $10.9/share in cash.
$CWAN: Feb 17, 2026 - HSR waiting period has been terminated.
$WBD: Feb 17, 2026 - Special shareholder meeting for Netflix deal set for Mar 20, 2026. Netflix grants a 7-day waiver permitting WBD to engage with Paramount Skydance to amend deficiencies in the offer. PSKY would agree to pay $31/share if the WBD board authorized discussions; PSKY noted that the offer is also not the best and final.
$DHIL: Feb 17, 2026 - HSR review period terminated early.
$OS: Feb 17, 2026 - Preliminary proxy filed; HSR documents filed on Feb 3, 2026.
$AHL: Feb 18, 2026 - All regulatory approvals have been obtained; transaction closes in a few days.
$SSTK: Feb 19, 2025 - Provisional findings from the CMA note potential competitive issues in the UK editorial market, while concluding that the merger is unlikely to give rise to competition in the global stock content market.
$ONTF: Feb 19, 2026 - HSR review period terminated early.
For more detailed information on these cases, check out my Free Merger Tracker (link in bio).
