Warren Buffet and the Future of Berkshire – The Special Situations Report Episode #18

This week we discuss:

• A big spike in M&A activity last week with six new deals announced including the acquisition of Sketchers (SKX) by the Brazilian PE firm 3G Capital
• The Beacon Roofing Supply - QXO (QXO) deal reaching the finish line
• A downward revision in the amount of consideration Akoya Biosciences (AKYA) investors will receive when Quanterix (QTRX) acquires them
• The confirmation of a rumored deal when Merck KGaA announced the acquisition of SpringWorks Therapeutics (SWTX)
• Sony Group's (SNE) decision to spinoff its semiconductor business
• The chapter 11 bankruptcy of Weight Watchers
• Large stock buybacks by GoDaddy (GDDY), Align Technology (ALGN), Lyft (LYFT) and Turtle Beach (TBCH)
• A potential double dipper situation with Select Medical Holdings (SEM) where the company intends to buyback stock and insiders are also buying stock at the same time
• A rare insider purchase of Tesla (TSLA) by its Director Joseph Gebbia, who is also a co-founder of Airbnb (ABNB)
• An unusual situation where a director of a company in the middle of an acquisition, Alumis (ALMS), purchases shares
• Cluster buying by five different insiders of Organon (OGN)
• Insider buying by the CEO and a director of Pebblebrook Hotel Trust (PEB)
• Bill Ackman's new proposal to acquire $900 million worth of Howard Hughes' (HHH) stock at a big premium
• The biggest C-suite transition of the year with Buffett handing over the reins to Berkshire Hathaway (BRK.B) to Greg Abel
• A massive drop in the stock price of Compass Diversified (CODI) after the CEO of a subsidiary was terminated without severance

Disclaimer: This podcast is for general informational and educational purposes only. The content does not constitute financial, investment, legal, or tax advice. We do not warrant the completeness or accuracy of the content or data provided in this podcast. Nothing discussed in this podcast should be interpreted as a recommendation to buy, sell, or hold any investment or security. Investing involves substantial risks, including the potential loss of principal. You should conduct your own research and due diligence before making any investment decisions.

Keywords:M&A, Berkshire, merger arbitrage, Warren Buffet,, insider buying, insider sales, buybacks, C-suite transitions, spinoffs, activists, management transitions, special situations, event-driven investing, markets, stocks