The Special Situations Report Avis Budget Group Loses Its Turnaround CEO - The Special Situations Report Episode #6
Feb 18, 2025
Discover the latest buzz in event-driven investing, from Hyatt's acquisition of Playa Hotels to Merck's potential buyout of Springworks Therapeutics. Hear about Elliott Management's restructuring plans for Phillips 66 and Lyft's aggressive stock buybacks. Get insights into recent C-suite changes at Avis Budget Group and Southwest Airlines, as well as the implications of insider trading and CEO contracts. This lively discussion uncovers the strategic shifts in the corporate landscape that could impact investors.
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Beacon Roofing Supply Poison Pill Fails
- QXO's hostile bid for Beacon Roofing Supply continues, despite Beacon's poison pill.
- QXO secured antitrust clearance before the deal, a surprising move.
Springworks Therapeutics Acquisition
- Springworks Therapeutics, a cancer and rare disease drug maker, might be acquired by Merck Group.
- Springworks' focus is on desmoid and neurofibroma tumor treatments.
Elliott Management's Streamline 66 Plan
- Elliott Management is pushing Phillips 66 to streamline, improve operations, and refresh leadership.
- They suggest spinning off non-core businesses, improving refining performance, and changing the board.