The Special Situations Report

Summary:We are continuing with our new format by focusing on four key stories, including a deal between the two largest real estate brokerage companies Anywhere Real Estate and Compass,  a combination of stock buybacks and insider buying at the semiconductor company Marvell, the largest insider purchase ever and Elliott’s involvement with enterprise software company Workday. Because we interviewed Evan Tindell for our podcast last week, we also have several updates related to special situations that have occurred over the last two weeks.Keywords:M&A, merger arbitrage, bidding wars, shareholder opposition, deals in the works, insider buying, insider sales, buybacks, C-suite transitions, spinoffs, activists, activist campaigns, failed mergers, management transitions, special situations, event-driven investing, markets, stocks

We’re proud to release this week’s special episode, an interview with our wonderful guest, Evan Tindell. Evan is the Co-Founder and Chief Investment Officer of Bireme Capital, where he develops firm-wide investment strategy and performs both bottom-up research and portfolio management for the flagship Fundamental Value strategy. Evan was formerly a professional poker player, where his successes included a 10th-place finish at a European Poker Tour event. Our conversation with Evan covered multiple fascinating topics – ranging from investment background, idea generation, parallels between poker and investing, exploiting various investor biases, and so much more. We dived deep into specific companies such as Lyft, with a specific focus on the competitive landscape with the rise of robotaxis like Waymo and the partnership with Baidu. We also discussed the differences between investing in international markets as opposed to the U.S., noting that access to information has improved greatly with the help of AI. We learned so much from this discussion, and we hope our listeners will too. Check out InsideArbitrage here: https://www.insidearbitrage.com/ Check out Evan Tindell here: https://www.biremecapital.com/ and https://x.com/evantindell

Summary:In this episode of the Special Situations Report, hosts Asif and Tamanna Suria discuss the latest developments in the event-driven investing world, focusing on M&A activity, stock buybacks, insider trading, spinoffs, and significant management changes. The two continue with the new style for today’s podcast – where they discuss four key stories, including a deal between the satellite company Echostar and SpaceX, shareholder opposition to Blackstone’s take-private of TaskUs, two different activists getting involved with the accounting and payments software company Bill.com, and the largest corporate pay package in history. Before we begin, we want to state that nothing on this podcast is meant as investment advice. Please refer to our disclaimer at the end for more details.Keywords:M&A, merger arbitrage, bidding wars, shareholder opposition, deals in the works, insider buying, insider sales, buybacks, C-suite transitions, spinoffs, activists, failed mergers, management transitions, special situations, event-driven investing, markets, stocks

Summary:In this episode of the Special Situations Report, hosts Asif and Tamanna Suria discuss the latest developments in the event-driven investing world, focusing on M&A activity, stock buybacks, insider trading, spinoffs, and significant management changes. The two try continue with the new style for today’s podcast – where they discuss five key stories, including the second largest acquisition of the year, a proposed spinoff by Keurig Dr. Pepper, a massive $20 billion buyback announcement by Salesforce, and insider buying at Resideo, a company that was spun out of Honeywell many moons ago and that is now planning a spinoff of its own.Keywords:M&A, merger arbitrage, bidding wars, deals in the works, insider buying, insider sales, buybacks, C-suite transitions, spinoffs, activists, failed mergers, management transitions, special situations, event-driven investing, markets, stocks

Summary:In this episode of the Special Situations Report, hosts Asif and Tamanna Suria discuss the latest developments in the event-driven investing world, focusing on M&A activity, stock buybacks, insider trading, spinoffs, and significant management changes. The two try out a bit of a different style for today’s podcast – where they discuss four key stories, including a potential bidding war for Canada Goose, a flip-flopping insider at a pediatric orthopedic company, a unique buyback at a Bitcoin treasury company, and a C-Suite transition at everyone’s favorite footwear brand Crocs.Keywords:M&A, merger arbitrage, bidding wars, deals in the works, insider buying, insider sales, buybacks, C-suite transitions, spinoffs, activists, failed mergers, management transitions, special situations, event-driven investing, markets, stocks

Summary:On today’s podcast we will discuss an even higher bid for Dallas News, multiple rumored deals that came to fruition including the acquisitions of Tegna, Soho House, Guess and DayForce.  Things heated up in the stock buybacks area as well with large buybacks announced by Pediatrix Medical Group, insurance company Old Republic, Sprouts Farmers Market and the dialysis services company DaVita. We also discuss a fascinating insider purchase of Madrigal Pharmaceuticals by the GOATs of biotech investing and multiple sudden C-suite departures.Keywords:M&A, merger arbitrage, bidding wars, deals in the works, insider buying, insider sales, buybacks, C-suite transitions, spinoffs, activists, failed mergers, management transitions, special situations, event-driven investing, markets, stocks

Summary:In this episode of the Special Situations Report, hosts Asif and Tamanna Suria discuss the latest developments in the event-driven investing world, focusing on M&A activity, stock buybacks, insider trading, spinoffs, and significant management changes. The two try out a bit of a different style for today’s podcast – where they discuss five key stories, including the bidding war for Dallas News, a look at busted biotechs, a proposed spinoff at the broadcasting company Sinclair, and insider purchases at SuRo Capital and Bausch HealthKeywords:M&A, merger arbitrage, bidding wars, deals in the works, insider buying, insider sales, buybacks, C-suite transitions, spinoffs, activists, failed mergers, management transitions, special situations, event-driven investing, markets, stocks

We’re proud to release this week’s special episode, an interview with our wonderful guest, Andrew Walker. Andrew is a portfolio manager at Rangeley Capital and the host of Yet Another Value Podcast. He also runs an investment newsletter service, Yet Another Value Blog, where he delivers value investing insights and perspectives applied to special situations investing. Our conversation with Andrew covered multiple fascinating topics – ranging from investment background, idea generation, market volatility, the SPAC resurgence, and so much more. We dived deep into specific companies such as Carvana, covering both the bull and bear theses for the business, as well as the Lionsgate spinoff. We also discussed crypto treasury companies, especially as tied to relative value arbitrage and taking advantage of these companies trading above NAV. We learned so much from this discussion and we hope our listeners will too. Check out InsideArbitrage here: https://www.insidearbitrage.com/ Check out Andrew Walker and his Yet Another Value Empire here: https://www.yetanothervalueblog.com/

We’re proud to release this week’s special episode, an interview with our wonderful guest, Julian Klymochko. Julian is the Founder and CEO of Accelerate, a leading provider of alternative investment solutions. Julian is recognized as one of Canada’s leading experts in alternative investments and frequently speaks at industry events. He has been featured in some of the world’s top financial and business media including Bloomberg, CNBC, The Wall Street Journal, BNN, Business Insider, and The Globe and Mail. Julian is the author of the book Reminiscences of a Hedge Fund Operator and host of the Absolute Return Podcast.Our conversation with Julian covered multiple fascinating topics – ranging from investment background, portfolio structure, idea generation, and so much more. We dived deep into the different ETFs that Accelerate offers, and how those strategies developed over time. During the course of our interview, we also delved into specific companies and mergers, such as the acquisition of Core Scientific by CoreWeave. We then covered the overall resurgence in the SPAC market, especially as it tied to crypto treasury companies. We learned so much from this discussion and we hope our listeners will too. Check out InsideArbitrage here: https://www.insidearbitrage.com/ Check out Julian Klymochko and Accelerate here: https://accelerateshares.com

Summary:In this episode of the Special Situations Report, hosts Asif and Tamanna Suria discuss the latest developments in the event-driven investing world, focusing on M&A activity, stock buybacks, insider trading, spinoffs, and significant management changes. The two discuss a potential large acquisition of the railroad Norfolk Southern by Union Pacific, a potential bidding war for the DallasNews, the spinoff of Beyond’s blockchain assets, stock buybacks at Bank of America and Southwest Airlines, insider purchases at a Solana treasury company as well as a food products company, a new CFO appointment at a beaten down cancer focused biotech company and a whole lot more. Keywords:M&A, merger arbitrage, bidding wars, deals in the works, insider buying, insider sales, buybacks, C-suite transitions, spinoffs, activists, failed mergers, management transitions, special situations, event-driven investing, markets, stocks