By Alex Chou, Samantha Lee, Charlotte Wu, Kevin Chuang, and Sophia Fang (National Taiwan University) Photo: Markus Frieauff (Unsplash) Overview of the deal Acquirer: Abbott Laboratories (NYSE: ABT) Target: Exact Sciences Corporation (NASDAQ: EXAS) Implied Equity Value: USD ~$21 billion Total Transaction Size: USD ~$23 billion Announcement date: November 20, 2025 Closing date: March 23, 2026 Target advisor: Centerview Partners LLC, XMS Capital Partners LLC (Financial); Skadden

By Arthus Marande, Mattia Colombo, Namien Kone, Christopher Putnis, Olivia Riera Ripoll, and Nehir Yanmaz (ESCP); Aman Prasad, Oliver Greenhalgh and Jiaqi Tang (University of Birmingham) Photo: Jake Hills (Unsplash) Overview of the deal Acquirer: Paramount Skydance Corporation Target: Warner Bros. Discovery, Inc. Implied Equity Value: Approximately $81bn Total Transaction Size: Approximately $110bn enterprise value Closed Date: Not yet closed; expected to close in Q3 2026 Tar

By Haci Eren Sidar, Mustafa Arda Sis, Muthu Ramanathan, Josh Lai (University of Nottingham) Photo: Vida Huang (Unsplash) Overview of the deal Acquirer: Public Storage (NYSE: PSA) Target: National Storage Affiliates Trust (NYSE: NSA) Implied Equity Value: $8.1 billion Total Transaction Size: $10.5 billion Closed date: Announced March 16, 2026. Expected to close Q3 2026 Target advisor: Morgan Stanley (financial), Clifford Chance US LLP (legal) Acquirer advisor: Goldman Sachs,

By Haci Eren Sidar, Mustafa Arda Sis, Muthu Ramanathan, Josh Lai (University of Nottingham); Julianna Zelnhefer, Alex Svanidze, Ryan Leo, and Ava Singer (Boston University) Photo: Abel Pérez (Unsplash) Overview of the deal Acquirer: The Brink's Company Target: NCR Atleos Corporation Implied Equity Value: US $4.0 bn Total Transaction Size: US$6.6 bn ($30.00 in cash and 0.1574 Brink’s shares per Atleos share, representing an approximate 20–24% premium to the unaffected share p

By Haci Eren Sidar, Mustafa Arda Sis, Muthu Ramanathan, Josh Lai (University of Nottingham); Alvaro Aguilar De Nalda (ESADE); Arthus Marande, Olivia Riera Ripoll, Christopher Putnis, and Nehir Yanmaz (ESCP) Photo: Joshua Lawrence (Unsplash) Overview of the deal Acquirer: Banco Santander Target: Webster Financial Corporation Implied Equity Value: $12.2bn Total Transaction Size: ~$14.5bn Closed date: H2 2026 Target advisor: Centerview Partners, Goldman Sachs, and Bank of Americ

By Freya Zhang, Akshi Bansal, Chak Li, Jacky Chan, Sharon Liu (HKUST); Anastasia Malikova, Dennis Malaj, Gauri Khanna, Sarah Lee (LSE) Photo: Laurynas Me (Unsplash) Overview of the deal Acquirer: Pfizer Inc. Target: Metsera Inc. Implied Equity Value : ~$9.2 billion (~7 billion cash upfront & up to ~$2.2 billion in contingent milestone payments) Total Transaction Size: Up to US$10 billion Closing Date: 13th November 2025 Target Advisor: Goldman Sachs & Co.LLC , Guggenhei

By Alvaro Aguilar De Nalda, Giuseppe Mazza (ESADE); Alexander Svanidze, Ava Singer, Ryan Leo, Julianna Zelnhefer (Boston University) Photo: Eduardo Soares Overview of the deal Acquirer: Fifth Third Bancorp Target: Comerica Inc. Implied Equity Value: $10.9 billion Total Transaction Size: $10.9 billion Closed date: Expected Q1 2026 Target advisor: Goldman Sachs (Financial) and Sullivan & Cromwell (Legal) Acquirer advisor: J.P. Morgan (Lead Financial), Keefe, Bruyette

By Arthus Marande, Christopher Putnis, Namien Koné, Mattia Colombo (ESCP); Freya ZHANG, Jacky CHAN, Sharon Liu, Akshi Bansal, Chak Li (HKUST). Photo: Khanh Nguyen Overview of the deal Acquirer: Blackstone, TPG, and other minorities (ADIA, GIC) Target: Hologic, Inc. Implied Equity Value: $17.67bn Total Transaction Size: $18.3bn (EV) Closed date: Pending; expected H1 2026 (45-day go-shop in the agreement) Target advisor: Citi (Financial); Kirkland & Ellis (Legal); Ropes & G

By Anastasia Malikova, Dennis Malaj, Gauri Khanna, Sarah Lee (LSE); Aman Prasad, Ibrahim Demir, Jiaqi Tang, Oli Greenhalgh (University of Birmingham) Photo: Florian Olivo Overview of the deal Acquirer: PIF, Silver Lake, and Affinity Partners Target: Electronic Arts (EA) Total Transaction Size: $55 billion Closed Date : Expected in Q1 FY27 Target Advisors: Goldman Sachs & Co. LLC (Financial); Wachtell, Lipton, Rosen & Katz (Legal) Acquirer Advisors : J.P. Morgan Securities LL

By Edward Fung, Freya Zhang, Kelvin Chan (HKUST); Terry Zhang, George Luo, Leo Wu (UBC) Photo: Bloomberg Overview of the deal Acquirer: ...

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By Manha Awais, Prisha Agarwal, Osman Draman (Cornell University); Julia Weinrod, Yuyu Huang, Kelly Liu, Jenny Sun, Henry Yao (Johns...

By Anna Chesca, Aditya Tatwawadi, Ahyaan Malik, and Alex Scothorn (University of Cambridge); Edward Mazin, Charlie Hogshire, Caden Viehe,...

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By Kayley Portelli, William Hodgson, Jingheng Xu, Nancy Huang (University of Melbourne) ; Nathaniel Baker, Alyssa Serebrenik, Samuel...

By Alina Shaikh, Alexander Svanidze, Carlo Leopardi, Edoardo Tosto di Valminuta, Matthew Gurevich and Tommaso Arona (Boston University) &...

By Nishil Lakhani, Jack McGing, Frangiskos Kapatos and Dhruv Kotecha (University of Nottingham), Sameer Jain, Ishan Date and Michael...

By Pierre Six, Jingying Liu and Mathilde Heibig (HEC Paris), Ayushman Mukherjee, Divy Dayal, Junseok Choi and Amar Mian (Cambridge)...