SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CYBR, UNP, COEP on Behalf of Shareholders
Investigation Announcement: Halper Sadeh LLC is investigating potential violations of federal securities laws and breaches of fiduciary duties related to several companies, including CyberArk Software Ltd., Union Pacific Corporation, and Coeptis Therapeutics Holdings, Inc.
CyberArk Software Details: The investigation focuses on CyberArk's sale to Palo Alto Networks, which involves a cash payment and shares of Palo Alto common stock for each CyberArk share.
Union Pacific and Coeptis Mergers: The firm is also looking into Union Pacific's merger with Norfolk Southern and Coeptis' merger with Z Squared, assessing shareholder rights and options.
Legal Support Offered: Halper Sadeh LLC offers legal assistance on a contingent fee basis, encouraging shareholders to contact them for free consultations regarding their legal rights and potential actions.
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- M&A Activity Rebound: Global M&A deal value surged to $4.9 trillion in 2025, marking a 40% increase and the second-highest level since 2021, reflecting strong market demand and confidence in large transactions.
- Funding Squeeze Impact: Despite strong appetite for deals, the proportion of capital allocated to M&A hit a 30-year low in 2025, forcing companies to be more selective in their transaction choices to ensure clear returns on investment.
- AI-Driven Transactions: Over 73% of the increase in deal value came from mega-deals valued at over $5 billion, highlighting the significant impact of AI-related demand on the M&A market, with expectations for continued large transactions in 2026.
- Private Equity Dominance: Private equity accounts for approximately 40% of global M&A activity, as firms actively seek investment opportunities amid changing capital markets, driving increased transaction activity.
- Tour Celebration: Union Pacific's Big Boy No. 4014 steam locomotive will embark on a multi-week tour starting March 29, traveling through Wyoming, Utah, Nevada, and California, with 27 whistle-stops and four public display days to celebrate America's 250th anniversary, highlighting the crucial role of railroads in nation-building.
- Public Display Schedule: During the tour, the locomotive will have two public display days in Roseville, California (April 10-11) and Ogden, Utah (April 18-19), offering a close-up look at this 1.2-million-pound steam engine, attracting rail fans and the general public.
- Auction and Souvenirs: The Union Pacific Museum will auction two cab ride experiences on April 17, with proceeds supporting the nonprofit museum, while encouraging rail enthusiasts to order 2026 Big Boy souvenirs early from Union Pacific's store, enhancing engagement and commemorative value.
- Safety Tips and Real-Time Tracking: Union Pacific reminds rail fans to maintain a safety distance of at least 25 feet when viewing or photographing the locomotive, while providing a real-time steam tracking map to ensure audience safety and increase public interest in railroad history.
- Tour Schedule: Big Boy No. 4014 will depart from Cheyenne, Wyoming, on March 29, traveling through Wyoming, Utah, Nevada, and California, with four public display days planned in Roseville, CA, on April 10-11 and Ogden, UT, on April 18-19, expected to attract numerous rail fans and families.
- Historical Significance: This tour celebrates America's 250th birthday, highlighting the crucial role railroads have played in building and unifying the nation since President Lincoln signed the Pacific Railway Act in 1862, showcasing over a century of railroad innovation and industrial growth.
- Special Events and Auction: During the tour, the Union Pacific Museum will auction two cab rides on April 17 in Utah, with proceeds supporting the nonprofit museum, drawing significant interest from rail enthusiasts; the auction starts on March 2 and ends on March 19.
- Safety Tips and Real-Time Tracking: Union Pacific reminds rail fans to maintain a safe distance of at least 25 feet when viewing or photographing the locomotive, while providing a real-time steam tracking map to enhance safety and engagement during the tour.
- Drug Lord Killed: The Mexican military, aided by U.S. intelligence, killed drug cartel leader Nemesio Oseguera, resulting in widespread violence across multiple states, which poses severe challenges to public safety and infrastructure.
- Trade Disruption Risk: Logistics companies warn that continued violence could dramatically impact trade between the U.S. and Mexico, particularly affecting freight operations on key transport routes, thereby straining economic relations between the two countries.
- Flight Cancellations Impact: Major U.S. airlines, including American Airlines and Southwest Airlines, canceled numerous flights due to the violence, affecting approximately 50% of air freight, which raises the risk of delays and increased costs for shipping.
- Port Operations Disrupted: The Port of Manzanillo, Mexico's busiest container port, has resumed normal operations, but ongoing road blockades due to violence continue to challenge cargo movement, impacting container traffic significantly.
- Quarterly Performance: The Bretton Fund achieved a return of 1.44% in Q4 2025, lagging behind the S&P 500's 2.66% gain, indicating a potential disadvantage in market competitiveness that may affect investor confidence.
- Portfolio Adjustments: In Q4 2025, the fund exited its positions in Union Pacific (UNP) and Revvity (RVTY), suggesting a strategic shift in response to changing market conditions that could impact future earnings potential.
- Market Comparison: The fund's performance trailing the S&P 500 reflects a need for reevaluation of its investment strategy to maintain competitiveness amid future market fluctuations.
- Industry Dynamics: Union Pacific's presentation at Barclays' 43rd Annual Industrial Select Conference highlights ongoing interest in the company, which may influence the Bretton Fund's investment decisions moving forward.
- New Investment Position: Baupost Group established a new stake in Amazon during Q4, making it the fund's second-largest holding at 9.3% of assets, reflecting confidence in the e-commerce and cloud giant despite differing views from Buffett.
- Portfolio Adjustments: The fund completely exited its position in PagSeguro Digital in Q4, indicating a strategic portfolio adjustment likely based on market performance and future expectations.
- Top Holdings: As of December 31, Restaurant Brands International remains Baupost's largest holding, indicating sustained confidence in the restaurant sector, and it was also the top holding in Q3, showcasing stability.
- Market Performance Comparison: Amazon was the worst-performing stock among the Magnificent Seven in 2025, and Baupost's investment decision may be based on optimism regarding its cloud segment growth, which will test the effectiveness of Klarman's strategy against Buffett's reduction in exposure.











