Heartland BancCorp (HLAN-$141.26-OTC) agreed to be acquired by German American Bancorp, Inc. (GABC-$39.34-NASDAQ). Heartland BancCorp is the bank holding company of Heartland Bank, which operates 20 full-service banking offices in Ohio. Under terms of the agreement, Heartland Bank shareholders will receive 3.90 shares of German American common stock per share, valuing the transaction at approximately $325 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2025. Announcement Date: 7/29/2024
The First Bancshares, Inc. (FBMS-$33.32-NYSE) agreed to be acquired by Renasant Corp. (RNST-$34.39-NYSE). The First Bancshares is the bank holding company for The First Bank, which operates 111 branches across the southeastern part of the U.S. Under terms of the agreement, The First shareholders will receive 1.00 shares of Renasant common stock per share, valuing the transaction at approximately $1.2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2025. Announcement Date: 7/29/2024
Cepton, Inc. (CPTN-$2.96-NASDAQ) agreed to be acquired by Koito Manufacturing Co., Ltd. (7276 JP-¥2,245.50-Tokyo). Cepton is an international provider of lidar-based solutions used for automotives, smart spaces, smart cities, and smart industrial applications. Under terms of the agreement, Cepton shareholders will receive $3.17 cash per share, valuing the transaction at approximately $50 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2025. Announcement Date: 7/29/2024
Enstar Group Ltd. (ENGR-$324.40-NASDAQ) agreed to be acquired by a Consortium of Investors led by Sixth Street Partners. Enstar is a reinsurance company based in Bermuda. Under terms of the agreement, Enstar shareholders will receive $338.00 cash per share, valuing the transaction at approximately $5.1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the middle of 2025. Announcement Date: 7/29/2024
Bally’s Corp. (BALY-$17.23-NYSE) agreed to be acquired by Standard General L.P. Bally’s is a casino-entertainment company, managing 15 casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. Under terms of the agreement, Bally’s shareholders will receive $18.25 cash per share, valuing the transaction at approximately $4.6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2025. Announcement Date: 7/25/2024
Fentura Financial, Inc. (FETM-$34.90-OTC) agreed to be acquired by ChoiceOne Financial Services, Inc. (COFS-$27.50-NASDAQ). Fentura is the bank holding company for The State Bank. Under terms of the agreement, Fentura shareholders will receive 1.35 shares of ChoiceOne common stock per share, valuing the transaction at approximately $180 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2025. Announcement Date: 7/25/2024
Instructure Holdings, Inc. (INST-$23.36-NYSE) agreed to be acquired by KKR & Co. Inc. (KKR-$123.45-NYSE). Instructure provides cloud-based learning and development solutions globally. Under terms of the agreement, Instructure shareholders will receive $23.60 cash per share, valuing the transaction at approximately $4.8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 7/25/2024
Ascential plc (ASCL LN-£5.71-London) agreed to be acquired by Informa plc (INF LN-£8.69-London). Ascential is a global provider of information, analytic, and e-commerce optimization platforms. Under terms of the agreement, Ascential shareholders will receive £5.68 cash per share, valuing the transaction at approximately £1.2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 7/24/2024
Traditions Bancorp, Inc. (TRBK-$26.93-OTC) agreed to be acquired by ACNB Corp. (ACNB-$41.48-NASDAQ). Traditions operates as the bank holding company for Traditions Bank, which oversees approximately $850 million in assets and provides depository and borrowing services to customers in south-central Pennsylvania. Under terms of the agreement, Traditions shareholders will receive 0.73 shares of ACNB common stock per share, valuing the transaction at approximately $75 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2025. Announcement Date: 7/24/2024
Hamilton Thorne Ltd. (HTL CN-C$2.11-Toronto) agreed to be acquired by Astorg. Hamilton Thorne provides consumables, instruments, software, and services used in Assisted Reproductive Technologies (ART), research, and cell biology. Under terms of the agreement, Hamilton Thorne shareholders will receive C$2.25 cash per share, valuing the transaction at approximately C$375 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 7/22/2024
Sleep Country Canada Holdings, Inc. (ZZZ-C$35.02-Toronto) agreed to be acquired by Fairfax Financial Holdings Ltd. (FFH-C$16.28-Toronto). Sleep Country is a Canadian specialty sleep retailer, operating under the Sleep Country Canada, Dormez-vous, the rest, Endy, Silk & Snow, Hush and Casper Canada banners. Under terms of the agreement, Sleep Country shareholders will receive C$35.00 cash per share, valuing the transaction at approximately C$1.7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 7/22/2024
Tellurian, Inc. (TELL-$0.92-NYSE American) agreed to be acquired by Woodside Energy Group Ltd. (WDS-A$27.60-Sydney). Tellurian is a global supplier of natural gas. Under terms of the agreement, Tellurian shareholders will receive $1.00 cash per share, valuing the transaction at approximately $1.2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 7/21/2024
Chuy’s Holdings, Inc. (CHUY-$37.09-NASDAQ) agreed to be acquired by Darden Restaurants, Inc. (DRI-$146.29-NYSE). Chuy’s owns and operates full-service Tex-Mex restaurants. Under terms of the agreement, Chuy’s shareholders will receive $37.50 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 7/17/2024
Stelco Holdings, Inc. (STLC CN-C$66.45-Toronto) agreed to be acquired by Cleveland-Cliffs, Inc. (CLF-$15.35-NYSE). Stelco produces and sells steel products in North America and internationally. Under terms of the agreement, Stelco shareholders will receive C$60.00 cash per share and 0.454 shares of Cleveland-Cliffs common stock per share, valuing the transaction at C$3.4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 7/15/2024
Envestnet, Inc. (ENV-$61.98-NYSE) agreed to be acquired by Bain Capital. Envestnet provides software to the wealth management industry. Under terms of the agreement, Envestnet shareholders will receive $63.15 cash per share, valuing the transaction at approximately $4.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 7/11/2024
Héroux-Devtek, Inc. (HRX CN-C$31.19-Toronto) agreed to be acquired by Platinum Equity Partners. Héroux-Devtek designs, develops, and repairs equipment and components for the aerospace industry. Under terms of the agreement, Héroux-Devtek shareholders will receive C$32.50 cash per share, valuing the transaction at C$1.4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2025. Announcement Date: 7/11/2024
Britvic plc (BVIC LN-£12.69-London) agreed to be acquired by Carlsberg A/S (CARL DC-DDK 833.40-Copenhagen). Britvic manufactures and sells soft drinks globally. Under terms of the agreement, Britvic shareholders will receive £12.90 cash per share plus a £0.25 dividend per share, valuing the transaction at approximately £4.1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2025. Announcement Date: 7/8/2024
Morphic Holdings, Inc. (MORF-$56.66-NASDAQ) agreed to be acquired by Eli Lilly and Co. (LLY-$804.27-NYSE). Morphic is a biopharmaceutical company focused on the discovery and development of oral small-molecule integrin therapeutics. Under terms of the agreement, Morphic shareholders will receive $57.00 cash per share, valuing the transaction at approximately $3.2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 7/8/2024
Volue ASA (VOLUE-NOK 40.75-Olso) agreed to be acquired by a Consortium of Private Equity Investors led by Advent International. Volue is a leading market leader in green technology services. Under terms of the agreement, Volue shareholders will receive NOK 42.00 cash per share, valuing the transaction at approximately NOK 6 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 7/8/2024
Desktop Metal, Inc. (DM-$4.71-NYSE) agreed to be acquired by Nano Dimension Ltd. (NNDM-$2.43-NASDAQ). Desktop Metal is a global manufacturer and distributor of additive manufacturing technologies for manufacturers, engineers, and designers. Under terms of the agreement, Desktop Metal shareholders will receive $5.50 cash per share, valuing the transaction at approximately $175 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 7/3/2024
Keywords Studios plc (KWS LN-£23.88-London) agreed to be acquired by EQT Group. Keywords Studios offers technical and creative services to the video gaming industry. Under terms of the agreement, Keyword Studios shareholders will receive £24.50 cash per share, valuing the transaction at approximately £2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 7/3/2024
Millicom International Cellular S.A. (TIGO-$24.77-NASDAQ) agreed to be acquired by Atlas Investissement. Millicom provides communication services in Latin America. Under terms of the agreement, Millicom shareholders will receive $24.00 cash per share, valuing the transaction at approximately $4.1 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 7/1/2024
Spirit AeroSystems Holdings, Inc. (SPR-$36.25-NYSE) agreed to be acquired by The Boeing Co. (BA-$190.60-NYSE). Spirit is a global commercial aerostructure company. Under terms of the agreement, Spirit shareholders will receive $37.25 cash per share (subject to a collar mechanism), valuing the transaction at $8.3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the middle of 2025. Announcement Date: 7/1/2024
Infinera Corp. (INFN-$6.09-NASDAQ) agreed to be acquired by Nokia Oyj (NOK-$3.78-NYSE). Infinera manufactures semiconductors, as well as supplies networking equipment, optical semiconductors, software, and services worldwide. Under terms of the agreement, Infinera shareholders will receive $4.66 cash and 0.5355 shares of Nokia common stock per share, valuing the transaction at approximately $1.6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2025. Announcement Date: 6/27/2024
Alimera Sciences, Inc. (ALIM-$5.56-NASDAQ) agreed to be acquired by ANI Pharmaceuticals, Inc. (ANIP-$63.68-NYSE). Alimera Sciences develops and commercializes prescription ophthalmic retinal pharmaceuticals. Under terms of the agreement, Alimera Sciences shareholders will receive $5.50 cash per share, valuing the transaction at approximately $300 million. The agreement also includes one Contingent Value Right (“CVR”) of up to $0.50 cash per share. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 6/24/2024
Fission Uranium Corp. (FCU CN-C$1.20-Toronto) agreed to be acquired by Paladin Energy Ltd. (PDN AU-A$12.48-Sydney). Fission engages in the acquisition, exploration, and development of uranium resource properties in Canada. Under terms of the agreement, Fission shareholders will receive 0.1076 shares of Paladin common stock per share, valuing the transaction at C$1.2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in third quarter 2024. Announcement Date: 6/24/2024
Sharecare, Inc. (SHCR-$1.35-NASDAQ) agreed to be acquired by Altaris Capital. Sharecare operates a digital healthcare platform that connects people, patients, providers, employers, health plans, government organizations, and communities. Under terms of the agreement, Sharecare shareholders will receive $1.43 cash per share, valuing the transaction at $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2024. Announcement Date: 6/21/2024
Alpha Financial Markets Consulting plc (AFM LN-£4.95-London) agreed to be acquired by Bridgepoint Advisers (BPTB-£22.04-London). Alpha Financial Markets provides consulting and related services to the asset, wealth management, and insurance industries in the U.K., North America, Europe, and Asia Pacific. Under terms of the offer, Alpha Financial Markets shareholders will receive £5.05 cash per share, valuing the transaction at £600 million. The transaction is subject to regulatory, as well as shareholder approvals and is expected to close in the third quarter of 2024. Announcement Date: 6/20/2024
Hargreaves Lansdown plc (HRGV LN-£11.32-London) received an offer to be acquired by a Consortium of Private Equity Investors. Hargreaves Lansdown provides investment services to individuals and institutions in the U.K. and Poland. Under terms of the offer, Hargreaves Lansdown shareholders would receive £11.40 cash per share, valuing the transaction at £5.4 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 6/18/2024
Silk Road Medical, Inc. (SILK-$27.04-NASDAQ) agreed to be acquired by Boston Scientific Corp. (BSX-$77.01-NYSE). Silk Road is a medical device company in the U.S. Under terms of the agreement, Silk Road shareholders will receive $27.50 cash per share, valuing the transaction at $1.1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2024. Announcement Date: 6/18/2024
The Aaron’s Company, Inc. (AAN-$9.98-NYSE) agreed to be acquired by IQVentures Holdings, LLC. The Aaron's Company, Inc. provides lease-to-own and retail purchase solutions. Under terms of the agreement, The Aaron’s Company shareholders will receive $10.10 cash per share, valuing the transaction at $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 6/17/2024
Allego N.V. (ALLG-$1.69-NYSE) agreed to be acquired by Meridiam SAS. Allego is a leading electric vehicle charging solutions provider dedicated to accelerating the transaction to electric mobility with 100% renewable energy. Under terms of the agreement, Allego shareholders will receive $1.70 cash per share, valuing the transaction at approximately $500 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 6/17/2024
Topdanmark A/S (TOP DC-DKK 367.80-Copenhagen) agreed to be acquired by Sampo Oyj (SAMPO FH-€40.10-Helsinki). Topdanmark offers life and non-life insurance products and services in Denmark. Under terms of the agreement, Topdanmark shareholders will receive 1.25 shares of Sampo Oyj common stock per share, valuing the transaction at DKK 30.4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in third quarter 2024. Announcement Date: 6/17/2024
Canadian Western Bank (CWB CN-C$43.38-Toronto) agreed to be acquired by National Bank of Canada (NA CN-C$108.51-Toroton). Canadian Western Bank provides personal and business banking products and services in Western Canada. Under terms of the agreement, Canadian Western Bank shareholders will receive 0.45 shares of National Bank of Canada common stock per share, valuing the transaction at approximately $5 billion. The transaction is subject to regulatory, as well as shareholder approvals and is expected to close in the fourth quarter of 2025. Announcement Date: 6/11/2024
Copperleaf Technologies Inc. (CPLF CN-C$11.85-Toronto) agreed to be acquired by Industrial Financial Systems. Copperleaf provides enterprise decision analytics software solutions to companies managing critical infrastructure. Under terms of the agreement, Copperleaf shareholders will receive $12.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to regulatory, as well as shareholder approvals and is expected to close in the third quarter of 2024. Announcement Date: 6/11/2024
Diamond Offshore Drilling, Inc. (DO-$15.49-NYSE) agreed to be acquired by Noble Corporation plc (NE-$44.65-NYSE). Diamond provides contract drilling services to the energy industry worldwide. Under terms of the agreement, Diamond shareholders will receive $5.65 cash and 0.2316 shares of Noble common stock per share, valuing the transaction at $1.6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2025. Announcement Date: 6/10/2024
ICC Holdings, Inc. (ICCH-$22.63-NASDAQ) agreed to be acquired by Mutual Capital Group, Inc. ICC Holdings provides property and casualty insurance products to the food and beverage industry in the U.S. Under terms of the agreement, ICC Holdings shareholders will receive $23.50 cash per share, valuing the transaction at $75 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 6/8/2024
PowerSchool Holdings, Inc. (PWSC-$22.39-NYSE) agreed to be acquired by Bain Capital. PowerSchool offers cloud-based software to the K-12 education market in the U.S., Canada, and internationally. Under terms of the agreement, PowerSchool shareholders will receive $22.80 cash per share, valuing the transaction at $5.6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2024. Announcement Date: 6/7/2024
WalkMe Ltd. (WKME-$13.97-NASDAQ) agreed to be acquired by SAP SE (SAP-$201.71-NYSE). WalkMe provides organizations with advanced guidance and automation features that enable them to execute workflows seamlessly across any number of applications. Under terms of the agreement, WalkMe shareholders will receive $14.00 cash per share, valuing the transaction at $1.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 6/5/2024
Park Lawn Corp. (PLC-C$26.01-Toronto) agreed to be acquired by Homesteaders Life Company and Birch Hill Equity Partners Management, Inc. Park Lawn operates cemeteries, crematoriums, and funeral homes in the U.S. and Canada. Under terms of the agreement, Park Lawn shareholders will receive C$26.50 cash per share, valuing the transaction at C$1.2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in third quarter 2024. Announcement Date: 6/3/2024
Stericycle, Inc. (SRCL-$58.13-NASDAQ) agreed to be acquired by Waste Management, Inc. (WM-$213.34-NYSE). Stericycle provides regulated medical waste, compliance services, and secure information destruction services. Under terms of the agreement, Stericycle shareholders will receive $62.00 cash per share, valuing the transaction at $7.2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 6/3/2024
Marathon Oil Corp. (MRO-$28.96-NYSE) agreed to be acquired by ConocoPhillips (COP-$116.48-NYSE). Marathon is an independent oil and gas exploration and production company focused on resource plays in Eagle Ford (Texas), Bakken (North Dakota), Permian (New Mexico and Texas), STACK and SCOOP (Oklahoma), and has a class integrated gas business in Equatorial Guinea. Under terms of the agreement, Marathon shareholders will receive 0.255 shares of ConocoPhillips common stock per share, valuing the transaction at approximately $22.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 5/29/2024
Surmodics, Inc. (SRDX-$42.06-NASDAQ) agreed to be acquired by GTCR. Surmodics provides performance coating technologies for intravascular medical devices, as well as chemical and biological components for in vitro diagnostic immunoassay tests and microarrays. Under terms of the agreement, Surmodics shareholders will receive $43.00 cash per share, valuing the transaction at approximately $625 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2024. Announcement Date: 5/29/2024
Atlantica Sustainable Infrastructure PLC (AY-$21.98-NASDAQ) agreed to be acquired by Energy Capital Partners. Atlantica is a sustainable infrastructure company that owns a diversified portfolio of contracted renewable energy, storage, efficient natural gas, electric transmission and water assets in North & South America, and certain markets in EMEA. Under terms of the agreement, Atlantica shareholders will receive $22.00 cash per share, valuing the transaction at approximately $2.6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 5/28/2024
Atrion Corp. (ATRI-$460.25-NASDAQ)agreed to be acquired by Nordson Corp. (NDSN-$234.72-NASDAQ). Atrion develops, manufactures, and sells products for fluid delivery, cardiovascular, and ophthalmic applications in North America, Europe, and abroad. Under terms of the agreement, Atrion shareholders will receive $460 cash per share, valuing the transaction at approximately $815 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 5/28/2024
Calliditas Therapeutics AB (CALTX SS-SEK 208.20-Stockholm) agreed to be acquired by Asahi Kasei Corp. (3407 JP-¥1,025.00-Tokyo). Calliditas is a biopharma company headquartered in Stockholm, Sweden, focused on identifying, developing, and commercializing novel treatments in orphan indications. Under terms of the agreement, Calliditas shareholders will receive SEK 208 cash per share, valuing the transaction at approximately SEK 11.2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 5/28/2024
Independent Bank Group, Inc. (IBTX-$46.04-NASDAQ) agreed to be acquired by SouthState Corp. (SSB-$77.31-NYSE). Independent Bank Group is the bank holding company for Independent Bank, which has approximately $18.9 billion in total assets, $15.7 billion in total deposits, and $14.6 billion in total loans. Under terms of the agreement, Independent Bank Group shareholders will receive 0.60 shares of SouthState common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2025. Announcement Date: 5/20/2024
Overseas Shipholding Group (OSG-$8.45-NYSE) agreed to be acquired by Saltchuk Resources, Inc. Overseas Shipholding Group provides liquid bulk transportation services for crude oil and petroleum products in the U.S. Flag markets. Under terms of the agreement, Overseas Shipholding Group shareholders will receive $8.50 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 5/20/2024
Avangrid, Inc. (AGR-$36.01-NYSE) agreed to be acquired by Iberdrola SA. Avangrid is an energy services and delivery company that serves ~3.1 million customers throughout New England, Pennsylvania and New York. Under terms of the agreement, Avangrid shareholders will receive $35.75 cash per share for the remaining 18.4% of common shares Iberdrola does not yet own, valuing the transaction at approximately $2.5 billion. This is a $1.50 cash per share increase from the non-binding, $34.25 cash per share, or approximately $2.4 billion, offer Avangrid received from Iberdrola in March. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 5/17/2024
SilverBow Resources, Inc. (SBOW-$39.20-NYSE) agreed to be acquired by Crescent Energy Co. (CRGY-$12.60-NYSE). SilverBow is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas in the Eagle Ford Shale and Austin Chalk in South Texas. Under terms of the agreement, SilverBow shareholders will receive 3.125 shares of Crescent Class A common stock per share or $38.00 cash per share, valuing the transaction at approximately $2.1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 5/16/2024
Squarespace, Inc. (SQSP-$44.00-NYSE) agreed to be acquired by Permira. Squarespace is a design-driven platform that helps entrepreneurs build brands and businesses online. Under terms of the agreement, Squarespace shareholders will receive $44.00 cash per share, valuing the transaction at approximately $6.9 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 5/14/2024
OX2 AB (OX2 SS-SEK 59.60-Stockholm) agreed to be acquired by EQT. OX2 AB develops and sells wind farms and solar parks. Under terms of the agreement, OX2 shareholders will receive SEK 60 cash per share, valuing the transaction at approximately SEK 16.4 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 5/13/2024
PlayAGS, Inc. (AGS-$11.55-NYSE) agreed to be acquired by Brightstar Capital Partners. PlayAGS designs and supplies gaming products and services for the gaming industry in the U.S. and internationally. Under terms of the agreement, PlayAGS shareholders will receive $12.50 cash per share, valuing the transaction at approximately $1.1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2025. Announcement Date: 5/9/2024
ALLETE, Inc. (ALE-$63.15-NYSE) agreed to be acquired by a Consortium of Investors led by Canada Pension Plan Investment Board and Global Infrastructure Partners. ALLETE is an energy company and provider of safe, reliable, and competitively priced energy. Under terms of the agreement, ALLETE shareholders will receive $67.00 cash per share, valuing the transaction at approximately $6.2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the middle of 2025. Announcement Date: 5/6/2024
Perficient, Inc. (PRFT-$74.15-NASDAQ) agreed to be acquired by EQT. Perficient is a leading global digital consultant. Under terms of the agreement, Perficient shareholders will receive $76.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 5/5/2024
DecisionPoint Systems, Inc. (DPSI-$10.09-NYSE) agreed to be acquired by Barcoding Holdings, LLC. DecisionPoint delivers mobility-first enterprise managed services and solutions for essential retail, supply chain, hospitality, healthcare and other verticals. Under terms of the agreement, DecisionPoint shareholders will receive $10.22 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 5/1/2024
Deciphera Pharmaceuticals, Inc. (DCPH-$25.27-NASDAQ) agreed to be acquired by ONO Pharmaceutical Co., Ltd. (4528 JP-¥2,276.00-Tokyo). Deciphera is a biopharmaceutical company focused on discovering, developing, and commercializing important new medicines to improve the lives of people with cancer. Under terms of the agreement, Deciphera shareholders will receive $25.60 cash per share, valuing the transaction at approximately $2.4 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 4/29/2024
Heartland Financial USA, Inc. (HTLF-$42.11-NASDAQ) agreed to be acquired by UMB Financial Corp. (UMBF-$79.66-NASDAQ). Heartland Financial is a Denver, Colorado-based bank holding company operating under the brand name HTLF, with assets of $19 billion. Under terms of the agreement, HTLF shareholders will receive 0.55 shares of UMB common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2025. Announcement Date: 4/29/2024
Territorial Bancorp, Inc. (TBNK-$7.53-NASDAQ) agreed to be acquired by Hope Bancorp, Inc. (HOPE-$10.02-NASDAQ). Territorial Bancorp, Inc., is the stock holding company of Honolulu, HI based Territorial Savings Bank, which has total assets of $2.24 billion, total loans of $1.31 billion and total deposits of $1.64 billion. Under terms of the agreement, Territorial shareholders will receive 0.8048 shares of Hope Bancorp common stock per share, valuing the transaction at approximately $75 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the end 2024. Announcement Date: 4/29/2024
Darktrace plc (DARK LN-£6.02-London) agreed to be acquired by Thoma Bravo. Darktrace is a pioneer in using self-learning artificial intelligence to neutralize cyber threats and automate responses to cyber incidents, leveraging its long-standing research and development expertise. Under terms of the agreement, Darktrace shareholders will receive £6.20 cash per share, valuing the transaction at approximately £4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 4/26/2024
U.S. Silica Holdings, Inc. (SLCA-$15.43-NYSE) agreed to be acquired by Apollo Global Management, Inc. (APO-$109.33-NYSE). U.S. Silica is a diversified industrial minerals company and a leading last-mile logistics provider to the oil and gas industry. Under terms of the agreement, U.S. Silica shareholders will receive $15.50 cash per share, valuing the transaction at approximately $1.9 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 4/26/2024
AssetMark Financial Holdings, Inc. (AMK-$33.81-NYSE) agreed to be acquired by GTCR. AssetMark operates a wealth management platform that powers independent financial advisors and their clients. Under terms of the agreement, AssetMark shareholders will receive $35.25 cash per share, valuing the transaction at approximately $2.7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 4/25/2024
HashiCorp, Inc. (HCP-$32.46-NASDAQ) agreed to be acquired by International Business Machines Corp. (IBM-$166.20-NYSE). HashiCorp helps organizations automate multi-cloud and hybrid environments with Infrastructure Lifecycle Management and Security Lifecycle Management. Under terms of the agreement, HashiCorp shareholders will received $35.00 cash per share, valuing the transaction at approximately $6.4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the end of 2024. Announcement Date: 4/24/2024
Matterport, Inc. (MTTR-$4.60-NASDAQ) agreed to be acquired by CoStar Group, Inc. (CSGP-$91.53-NASDAQ). Matterport is a spatial data company that pioneered the development of the first 3D capture solution to deliver dimensionally accurate, photorealistic virtual tours or “digital twins” for any type of property. Under terms of the agreement, Matterport shareholders will receive $2.75 cash per share and $2.75 shares of CoStar common stock per share, valuing the transaction at approximately $1.6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close sometime in 2024. Announcement Date: 4/22/2024
DS Smith plc (SMDS LN-£35.04-London) agreed to be acquired by International Paper Co. (IP-$34.94-NYSE). DS Smith is a leading, global provider of sustainable fiber-based packaging. Under terms of the agreement, DS Smith shareholders will receive 0.1285 shares of International Paper common stock per share, valuing the transaction at approximately $9.9 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 4/16/2024
Blackbaud, Inc. (BLKB-$77.92-NASDAQ) received an offer to be acquired by Clearlake Capital Group, L.P. Blackbaud operates a software built to accelerate impact in fundraising, nonprofit financial management, digital giving, grant-making, corporate social responsibility and education management. Under terms of the offer, Blackbaud shareholders would receive $80.00 cash per share, valuing the transaction at approximately $4.3 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 4/15/2024
Encore Wire Corp. (WIRE-$279.36-NYSE) agreed to be acquired by Prysmian S.p.A. (PRY-€51.18-Milan). Encore Wire is a leading manufacturer of a broad range of copper and aluminum electrical wire and cables. Under terms of the agreement, Encore Wire shareholders will receive $290.00 cash per share, valuing the transaction at approximately $4.6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2024. Announcement Date: 4/15/2024
Macatawa Bank Corp. (MCBC-$14.00-NASDAQ) agreed to be acquired by Wintrust Financial Corp. (WTFC-$99.64-NASDAQ). Macatawa Bank Corp. operates as the bank holding company for Macatawa Bank, which offers a full range of banking services to individuals, businesses and governmental entities via a network of 26 full-service branches located throughout communities in Kent, Ottawa and northern Allegan counties. Under terms of the agreement, Macatawa Bank shareholders will receive $14.85 worth of Wintrust Financial Corp. common stock per share, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2024. Announcement Date: 4/15/2024
Snap One Holdings Corp. (SNPO-$10.58-NASDAQ) agreed to be acquired by Resideo Technologies, Inc. (REZI-$10.53-NYSE). Snap One a leading distributor of smart-living technology, employing its vast network of professional integrators to deliver entertainment, connectivity, automation, and security solutions to residential and commercial end users worldwide. Under terms of the agreement, Snap One shareholders will receive $10.75 cash per share, valuing the transaction at approximately $1.4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2024. Announcement Date: 4/15/2024
Lok’nStore Group plc (LOK LN-£11.05-London) agreed to be acquired by Shurgard Self Storage Ltd. (SHUR BR-€36.30-Frankfurt). Lok’nStore operates a portfolio of self-storage centers in the U.K. Under terms of the agreement, Lok’nStore shareholders will receive £11.10 cash per share, valuing the transaction at approximately £350 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 4/11/2024
Alpine Immune Sciences, Inc. (ALPN-$64.59-NASDAQ) agreed to be acquired by Vertex Pharmaceuticals, Inc. (VRTX-$392.81-NASDAQ). Alpine is a biotechnology company focused on discovering and developing innovative, protein-based immunotherapies. Under terms of the agreement, Alpine shareholders will receive $65.00 cash per share, valuing the transaction at approximately $4.9 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 4/10/2024
Gresham Technologies plc (GHT LN-£1.60-London) agreed to be acquired by STG Partners. Gresham Technologies provides reconciliation, regulatory reporting, connectivity, and data aggregation solutions globally. Under terms of the agreement, Gresham Technologies shareholders will receive £1.63 cash per share, valuing the transaction at approximately £150 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 4/9/2024
Apartment Income REIT Corp. (AIRC-$38.38-NYSE) agreed to be acquired by Blackstone (BX-$116.61-NYSE). Apartment Income REIT Corp. (or “Air Communities”) operates a portfolio of 76 high-quality rental housing communities concentrated primarily in coastal markets including Miami, Los Angeles, Boston and Washington D.C. Under terms of the agreement, Air Communities shareholders will receive $39.12 cash per share, valuing the transaction at approximately $10 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 4/8/2024
Ducommun Inc. (DCO-$54.09-NYSE) received an offer to be acquired by Albion River LLC. Ducommun produces complex products and components for commercial aircraft platforms, mission-critical military and space programs, and other sophisticated industrial applications. Under terms of the offer, Ducommun shareholders would receive $60.00 cash per share, valuing the transaction at approximately $900 million. The proposal is under review, and we continue to monitor the situation. Announcement Date: 4/8/2024
Model N, Inc. (MODN-$29.65-NYSE) agreed to be acquired by Vista Equity Partners. Model N is a leader in revenue optimization and compliance for pharmaceutical, medtech, and high-tech innovators. Under terms of the agreement, Model N shareholders will receive $30.00 cash per share, valuing the transaction at approximately $1.3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the middle of 2024. Announcement Date: 4/8/2024
Karora Resources Inc. (KRR-C$5.36-Toronto) agreed to be acquired by Westgold Resources Ltd. (WGX-A$2.25-Sydney). Karora is a multi-asset mineral resource company based in Australia. Under terms of the agreement, Karora shareholders will receive 2.5241 shares of Westgold, A$0.68 cash per share, and 0.30 shares of a new company to be spun-out from Karora for each Karora Share held at the closing of the transaction. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 4/7/2024
Shockwave Medical, Inc. (SWAV-$330.19-NASDAQ) agreed to be acquired by Johnson & Johnson (JNJ-$144.59-NYSE). Shockwave Medical is a leader in the development and commercialization of innovative products that are transforming the treatment of cardiovascular disease. Under terms of the agreement, Shockwave shareholders will receive $335.00 cash per share, valuing the transaction at approximately $13.1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 4/5/2024
Endeavor Group Holdings, Inc. (EDR-$26.41-NYSE) agreed to be acquired by Silver Lake. Endeavor is a global sports and entertainment company, and it is the majority owner of TKO Group Holdings, a sports and entertainment company comprising UFC and WWE. Under terms of the agreement, Endeavor shareholders will receive $27.50 cash per share, valuing the transaction at approximately $13 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2025. Announcement Date: 4/2/2024
ChampionX Corp. (CHX-$33.57-NASDAQ) agreed to be acquired by Schlumberger Ltd. (SLB-$47.48-NYSE). ChampionX is a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies that help companies drill for and produce oil and gas safely, efficiently, and sustainably around the world. Under terms of the agreement, ChampionX shareholders will receive 0.735 shares of Schlumberger common stock per share, valuing the transaction at approximately $7.8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 4/2/2024
AdTheorent Holding Company, Inc. (ADTH-$3.26-NASDAQ)agreed to be acquired by Cadent. AdTheorent is a digital media platform that provides programmatic digital advertising services for advertising agency and brand customers in North America and internationally. Under terms of the agreement, AdTheorent shareholders will receive $3.21 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. AdTheorent is also permitted to solicit superior bids from parties during a 30-day “go-shop” period. Announcement Date: 4/1/2024
Nuvei Corp. (NVEI-$32.14-NASDAQ) agreed to be acquired by Advent International. Nuvei is a Canadian fintech company that provides merchant solutions globally. Under terms of the agreement, Nuvei shareholders will receive $34.00 cash per share, valuing the transaction at approximately $6.3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2025. Announcement Date: 4/1/2024
Spirent Communications plc (SPT LN-£1.79-London) agreed to be acquired by Keysight Technologies, Inc. (KEYS-$156.38-NYSE). Spirent provides products, services, and managed solutions that address the test, assurance, and automation challenges of technologies, including 5G, software-defined wide area networks, cloud, and autonomous vehicles. Under terms of the agreement, Spirent shareholders will receive £2.015 cash per share (inclusive of a £0.025 special dividend), valuing the transaction at approximately £1.2 billion. Earlier in March, Spirent received an offer to be acquired by Viavi Solutions Inc. (VIAV-$9.09-NASDAQ) for £1.75 cash per share (inclusive of a £0.025 special dividend), valuing the transaction at approximately £1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 3/28/2024
Civitanavi Systems S.p.A. (CNS IM-€6.08-Milan) agreed to be acquired by Honeywell International Inc. (HON-$205.25-NASDAQ). Civitanavi engages in the design, development, manufacture, and sale of inertial navigation, geo reference, and stabilization systems globally. Under terms of the agreement, Civitanavi shareholders will receive €6.30 cash per share, valuing the transaction at approximately €200 million. The transaction is subject to the tender of at least a 95% of shares outstanding, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 3/27/2024
Landos Biopharma, Inc. (LABP-$21.48-NASDAQ) agreed to be acquired by AbbVie Inc. (ABBV-$182.10-NYSE). Landos Biopharma is a clinical stage biopharmaceutical company focused on the development of oral therapeutics for patients with autoimmune diseases. Under terms of the agreement, Landos shareholders will receive $20.42 cash per share, valuing the transaction at approximately $150 million. The agreement also includes one Contingent Value Right (“CVR”) of up to $11.14 per share. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 3/25/2024
Target Hospitality Corp. (TH-$10.87-NASDAQ) received an offer to be acquired by TDR Capital LLP. Target provides vertically integrated modular accommodations and value added hospitality services in the U.S. Under terms of the agreement, Target shareholders would receive $10.80 cash per share, valuing the proposal at approximately $1.1 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 3/25/2024
Virgin Money UK plc (VMUK LN-£2.14-London) agreed to be acquired by Nationwide Building Society (NBS LN-£1.35-London). Virgin Money provides banking products and services under the Clydesdale Bank, Yorkshire Bank, and Virgin Money brands in the U.K. Under terms of the agreement, Virgin Money shareholders will receive £2.20 cash per share, valuing the transaction at approximately £2.9 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 3/21/2024
Fusion Pharmaceuticals Inc. (FUSN-$21.32-NASDAQ) agreed to be acquired by AstraZeneca plc (AZN-$67.75-NASDAQ). Fusion is a clinical-stage oncology company focused on developing next-generation radio-conjugates as a precision medicine. Under terms of the agreement, Fusion shareholders will receive $21.00 cash per share, valuing the transaction at approximately $2.4 billion. The agreement also includes one Contingent Value Right (“CVR”) of up to $3.00 per share. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 3/19/2024
Bally’s Corp. (BALY-$13.94-NYSE) received an offer to be acquired by Standard General. Bally’s is a global casino-entertainment company with a growing omni-channel presence of online sports betting and iGaming offerings. Under terms of the offer, Bally’s shareholders would receive $15.00 cash per share, valuing the proposal at approximately $500 million. The proposal is under review, and we continue to monitor the situation. Announcement Date: 3/12/2024
Equitrans Midstream Corp. (ETRN-$12.49-NYSE) agreed to be acquired by EQT Corp. (EQT-$37.07-NYSE). Equitrans is one of the largest natural gas gatherers in the U.S. with a premier asset footprint in the Appalachian Basin. Under terms of the agreement, Equitrans shareholders will receive 0.3504 shares of EQT common stock per share, valuing the transaction at approximately $14 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 3/11/2024
The L.S. Starrett Co. (SCX-$15.89-NYSE) agreed to be acquired by MiddleGround Capital. Starrett is a leading manufacturer of high-end precision tools, cutting equipment, and metrology systems, and is engaged in the business of manufacturing over 5,000 different products for industrial, professional, and consumer markets. Under terms of the agreement, Starrett shareholders will receive $16.19 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the middle of 2024. Announcement Date: 3/11/2024
mdf commerce inc. (MDF CN-C$5.73-Toronto) agreed to be acquired by KKR & Co. Inc. (KKR-$100.58-NYSE). mdf commerce provides a broad set of software as a service (SaaS) solutions that optimize and accelerate commercial interactions between buyers and sellers. Under terms of the agreement, mdf commerce will receive C$5.80 cash per share, valuing the transaction at approximately C$250 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 3/11/2024
Mattioli Woods plc (MTW LN-£7.92-London) agreed to be acquired by Pollen Street Capital. Mattioli Woods is a diversified wealth and asset management business. Under terms of the agreement, Mattioli shareholders will receive £8.04 cash per share, valuing the transaction at approximately £450 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 3/8/2024
Avangrid, Inc. (AGR-$36.44-NYSE) received an offer from Iberdrola SA to acquire the 18.4% of the remaining capital of Avangrid that is does not own. Avangrid is an energy services and delivery company that serves ~3.1 million customers throughout New England, Pennsylvania and New York. Under terms of the offer, Avangrid shareholders would receive $34.25 cash per share, valuing the proposal at approximately $2.4 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 3/7/2024
Sterling Check Corp. (STER-$15.67-NASDAQ) agreed to be acquired by First Advantage Corp. (FA-$15.66-NASDAQ. Sterling provides technology-enabled background and identity verification services in North America, Europe, the Middle East, Africa, and Asia Pacific. Under terms of the agreement, Sterling shareholders will receive $16.73 cash per share and 0.979 shares of First Advantage common stock per share, valuing the transaction at approximately $2.2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 2/29/24
Wincanton plc (WIN LN-£6.24-London) received an offer to be acquired by GXO Logistics, Inc. (GXO-$51.76-NYSE). Wincanton provides a range of outsourced and integrated supply chain solutions in the United Kingdom. Under terms of the offer, Wincanton shareholders would receive £6.05 cash per share, valuing the transaction at approximately £750 million. The proposal is under review, and we continue to monitor the situation. Announcement Date: 2/29/24
Alumina Ltd. (AWC AU-A$1.055-Sydney) received an offer to be acquired by Alcoa Corp. (AA-$27.21-NYSE). Alumina, through its 40% interest in Alcoa World Alumina and Chemicals, engages in bauxite mining, alumina refining, and aluminum smelting. Under terms of the offer, Alumina shareholders would receive 0.02854 shares of Alcoa Corp. common stock per share, valuing the transaction at approximately A$2.2 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 2/26/24
Agiliti Inc. (AGTI-$9.87-NASDAQ) agreed to be acquired by Thomas H. Lee Partners, L.P. Agiliti is a nationwide provider of medical technology management and service solutions to the healthcare industry. Under terms of the agreement, Agiliti shareholders will receive $10.00 cash per share, valuing the transaction at approximately $2.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 2/26/24
CSR Ltd. (CSR AU-A$8.83-Sydney) agreed to be acquired by Compagnie de Saint-Gobain (SGO FP-€71.20-Paris). CSR is a leading building products company in Australia and New Zealand. Under terms of the agreement, CSR shareholders will receive A$9.00 cash per share, valuing the transaction at approximately A$4.3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2024. Announcement Date: 2/26/24
Osino Resources Corp. (OSI CN-C$1.70-Vancover) agreed to be acquired by Yintai Gold Co., Ltd. (000975 CH-CHY 14.98-Shenzhen). Osino Resources engages in the acquisition, exploration, and development of gold mining properties in Namibia. Under terms of the agreement, Osino Resource shareholders will receive C$1.90 cash per share, valuing the transaction at approximately C$325 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 2/26/24
Enerplus Corp. (ERF-$17.73-NYSE) agreed to be acquired by Chord Energy Corp. (CHRD-$162.45-NASDAQ). Enerplus is an independent North American oil and gas exploration and production company. Under terms of the agreement, Enerplus shareholders will receive $1.84 cash per share and 0.10125 shares of Chord Energy common stock per share, valuing the transaction at approximately $11 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the middle of 2024. Announcement Date: 2/21/24
Discover Financial Services (DFS-$120.70-NYSE) agreed to be acquired by Capital One Financial Corp. (COF-$137.61-NYSE). Discover provides digital banking products and services, as well as payment services in the U.S. Under terms of the agreement, Discover shareholders will receive 1.0192 shares of Capital One common stock per share, valuing the transaction at approximately $35 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in early 2025. Announcement Date: 2/20/24
VIZIO Holding Corp. (VZIO-$11.01-NYSE) agreed to be acquired by Walmart Inc. (WMT-$58.61-NYSE). VIZIO provides smart televisions, sound bars, and accessories in the U.S. Under terms of the agreement, VIZIO shareholders will receive $11.50 cash per share, valuing the transaction at approximately $2.3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in 2025. Announcement Date: 2/20/24
HireRight Holdings Corp. (HRT-$14.16-NYSE) agreed to be acquired by a Consortium of Investors led by General Atlantic, L.P. and Stone Point Capital LLC. HireRight is a leading global provider of technology-driven workforce risk management and compliance solutions. Under terms of the agreement, HireRight shareholders will receive $14.35 cash per share, valuing the transaction at approximately $1.7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the middle of 2024. Announcement Date: 2/16/24
Whole Earth Brands, Inc. (FREE-$4.78-NASDAQ) agreed to be acquired by Ozark Holdings, LLC. Whole Earth is a global food company that provides access to plant-based sweeteners, flavor enhancers and other foods through brands and products, including Whole Earth, Pure Via, Wholesome, Swerve, Canderel and Equal. Under terms of the agreement, Whole Earth shareholders will receive $4.875 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 2/13/24
CymaBay Therapeutics, Inc. (CBAY-$32.19-NASDAQ) agreed to be acquired by Gilead Sciences, Inc. (GILD-$72.10-NASDAQ). CymaBay is a clinical-stage biopharmaceutical company focused on improving the lives of people with liver and other chronic diseases. Under terms of the agreement, CymaBay shareholders will receive $32.50 cash per share, valuing the transaction at approximately $4.3 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 2/12/24
TOD’S S.p.A. (TOD IM-€43.06-Milan) agreed to be acquired by L Catterton Management Ltd. TOD’S creates, produces, and distributes shoes, leather goods, accessories, and apparel globally. Under terms of the agreement, TOD’S shareholders will receive €43.00 cash per share, valuing the transaction at approximately €1.4 billion. The transaction is subject to the tender of at least a majority of shares outstanding. No closing guidance has been provided at this time. Announcement Date: 2/12/24
Masonite International Corp. (DOOR-$130.24-NYSE) agreed to be acquired by Owens Coming (OC-$149.78-NYSE). Masonite is a leading global designer, manufacturer, marketer and distributor of interior and exterior doors and systems for the residential and non-residential building construction markets. Under terms of the agreement, Masonite shareholders will receive $133.00 cash per share, valuing the transaction at approximately $3.9 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the middle of 2024. Announcement Date: 2/9/24
ZeroFox Holdings, Inc. (ZFOX-$1.11-NASDAQ) agreed to be acquired by Haveli Investments. ZeroFox is an enterprise software-as-a-service leader in external cybersecurity. Under terms of the agreement, ZeroFox shareholders will receive $1.14 cash per share, valuing the transaction at approximately $350 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 2/6/24
Catalent, Inc. (CTLT-$57.34-NYSE) agreed to be acquired by Novo Holdings, a holding and investment company responsible for managing the assets of the Novo Nordisk Foundation. Catalent enables pharma, biotech, and consumer health partners to optimize product development, launch, and full life-cycle supply for patients around the world. Under terms of the agreement, Catalent shareholders will receive $63.50 cash per share, valuing the transaction at approximately $16.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close towards the end of calendar year 2024. Announcement Date: 2/5/24
Everbridge, Inc. (EVBG-$28.27-NASDAQ) agreed to be acquired by Thoma Bravo. Everbridge enables enterprises and government organizations to anticipate, mitigate, respond, and recover from critical events. Under terms of the February 4, 2024 agreement, Everbridge shareholders agreed to receive $28.60 cash per share, valuing the transaction at approximately $1.5 billion. Later, on March 1, 2024, Everbridge agreed to an amended and restated agreement to receive $35.00 cash per share, valuing the transaction at approximately $1.8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 2/5/24
Haynes International, Inc. (HAYN-$59.43-NASDAQ GM) agreed to be acquired by Acerinox, S.A. (ACX SM-€10.14-Madrid). Haynes is a leading developer, manufacturer and marketer of technologically advanced high-performance alloys. Under terms of the agreement, Haynes shareholders will receive $61.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 2/5/24
MorphoSys AG (MOR GY-€17.60-Frankfurt) agreed to be acquired by Novartis AG (NVS-$100.97-NYSE). MorphoSys is a global commercial-stage biopharmaceutical company which develops and delivers innovative cancer medicine. Under terms of the agreement, MorphoSys shareholders will receive €68.00 cash per share, valuing the transaction at approximately €2.7 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 2/5/24
California BanCorp (CALB-$25.33-NASDAQ) agreed to be acquired by Southern California Bancorp (BCAL-$16.45-NASDAQ). California BanCorp is the parent company for California Bank of Commerce which offers a range of commercial banking services to businesses and professionals throughout Northern California. Under terms of the agreement, California BanCorp shareholders will receive 1.59 shares of Southern California Bancorp common stock per share, valuing the transaction at approximately $250 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 1/30/2024
McGrath RentCorp. (MGRC-$125.65-NASDAQ) agreed to be acquired by WillScot Mobile Mini Holdings Corp. (WSC-$47.30-NASDAQ). McGrath is a leading provider of temporary and permanent space solutions throughout the U.S. Under terms of the agreement, McGrath shareholders will receive $123.00 in cash or 2.8211 shares of WillScot Mobile Mini common stock, valuing the transaction at approximately $3.8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second of 2024. Announcement Date: 1/29/2024
Inhibrx, Inc. (INBX-$38.53-NASDAQ) agreed to be acquired by Sanofi SA (SNY-$49.90-NASDAQ). Inhibrx is a clinical-stage biopharmaceutical company focused on developing a broad pipeline of novel biologic therapeutic candidates in oncology and orphan diseases. Under terms of the agreement, Inhibrx shareholders will receive $30.00 cash per share and 0.25 shares of New Inhibrx common stock per share, valuing the transaction at approximately $2.2 billion. The agreement also includes one Contingent Value Right (“CVR”) of up to $5.00 per share. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 1/23/2024
Kindred Group plc (KINDSBD-SEK 122.85-Stockholm) agreed to be acquired by La Française des Jeux SA (FDJ). Kindred is a worldwide online gambling operator with over 30 million customers and 9 brands spread across Europe, North America and Australia. Under terms of the agreement, Kindred shareholders will receive SEK 130.00 cash per share, valuing the transaction at approximately SEK 28 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 1/22/2024
NuStar Energy L.P. (NS-$22.00-NYSE) agreed to be acquired by Sunoco LP (SUN-$59.47-NYSE). NuStar is an independent liquids terminal and pipeline operator. Under terms of the agreement, NuStar unitholders will receive 0.40 units of Sunuco common units per unit, valuing the transaction at approximately $7.3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 1/22/2024
Kaman Corp. (KAMN-$45.05-NYSE) agreed to be acquired by Arcline Investment Management, L.P. Kaman produces and markets aircraft bearings and components and operates in North America, Europe, the Middle East, Asia, Oceania, and other countries. Under terms of the agreement, Kaman shareholders will receive $46.00 cash per share, valuing the transaction at approximately $1.8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 1/19/2024
Tricon Residential, Inc. (TCN-$11.25-NYSE) agreed to be acquired by Blackstone, Inc. (BX-$124.45-NYSE). Tricon is an owner and operator of approximately 37,000 single-family rental homes in the U.S. Sun Belt and multi-family apartments in Canada. Under terms of the agreement, Tricon shareholders will receive $11.25 cash per share, valuing the transaction at approximately $3.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 1/19/2024
Wincanton plc (WIN LN-£4.34-London) agreed to be acquired by CEVA Logistics. Wincanton provides various types of outsourced and integrated supply chain solutions in the U.K. and Ireland. Under terms of the agreement, Wincanton shareholders will £4.50 cash per share, valuing the transaction at £750 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 1/19/2024
Cornerstone Financial Corp. (CFIC-$8.35-OTC) agreed to be acquired by Princeton Bancorp, Inc. (BPRN-$32.66-NASDAQ). Cornerstone is the bank holding company for Cornerstone Bank which provides various banking products and services to customers in New Jersey. Under terms of the agreement, Cornerstone shareholders will receive 0.24 shares of Princeton Bancorp common stock per share, valuing the transaction at approximately $25 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 1/18/2024
Efecte Oy (EFECTE FH-€14.85-Helsinki) agreed to be acquired by Martix42 Holding GmbH. Efecte provides cloud-based services and solutions to companies in Finland and internationally. Under terms of the agreement, Efecte shareholders will receive €15.00 cash per share, valuing the transaction at approximately €100 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 1/18/2024
M.D.C. Holdings, Inc. (MDC-$62.58-NYSE) agreed to be acquired by Sekisui House Ltd. (1928 JP-¥3,347.00-Tokyo). MDC operates as a homebuilder under the Richmond American Homes brand name, additionally MDC offers mortgage lending, insurance, and title services. Under terms of the agreement, MDC shareholders will receive $63.00 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 1/18/2024
Taro Pharmaceuticals Industries Ltd. (TARO-$43.05-NYSE) agreed to be acquired by Sun Pharmaceutical Industries Ltd. (SUNPHARMA NS-INR 1,418.45-Mumbai). Taro is a multinational pharmaceutical company focused on the discovery, development, manufacturing and marketing of healthcare products. Under terms of the agreement, Taro shareholders will received $43.00 cash per share, valuing the transaction at approximately $1.6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 1/17/2024
ANSYS, Inc. (ANSS-$327.83-NASDAQ) agreed to be acquired by Synopsys, Inc. (SNPS-$533.35-NASDAQ). ANSYS develops and markets engineering simulation software and services worldwide. Under terms of the agreement, ANSYS shareholders will receive $197.00 cash per share along with 0.345 shares of Synopsys common stock per share, valuing the transaction at approximately $35 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2025. Announcement Date: 1/16/2024
Carrols Restaurant Group, Inc. (TAST-$9.40-NASDAQ) agreed to be acquired by Restaurant Brands International Inc. (QSR-C$104.95-Toronto). Carrols is the largest Burger King® franchisee in the U.S. with more than 1,000 restaurants in 23 states. Under terms of the agreement, Carrols shareholders will receive $9.55 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Carrols is also permitted to solicit superior bids from parties during a 30-day “go-shop” period. Announcement Date: 1/16/2024
HomeStreet, Inc. (HMST-$13.76-NASDAQ) agreed to be acquired by FirstSun Capital Bancorp (FSUN-$36.00-OTC). HomeStreet, Inc. is the bank holding company for HomeStreet Bank which provides commercial, mortgage, and consumer/retail banking services primarily in the Western U.S. Under terms of the agreement, HomeStreet shareholders will receive 0.4345 shares of FirstSun common stock per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the middle of 2024. Announcement Date: 1/16/2024
LXI REIT plc (XLI LN-£106.00-London) agreed to be acquired by LondonMetric Property plc (LMP LN-£193.70-London). LXI is a real estate investment trust in the U.K. specializing in long-income assets, with a focus on acquiring and managing a diversified portfolio of properties that provide secure, long-term rental income streams. Under terms of the agreement, LXI shareholders will receive 0.55 shares of LondonMetric common stock per share, valuing the transaction at approximately £1.9 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 1/11/2024
Southwestern Energy Co. (SWN-$6.45-NYSE) agreed to be acquired by Chesapeake Energy Corp. (CHK-$77.11-NASDAQ). Southwestern is an independent energy company engaged in the exploration, development, and production of natural gas, oil, and natural gas liquids in the U.S. Under terms of the agreement, Southwestern shareholders will receive 0.0867 shares of Chesapeake common stock per share, valuing the transaction at approximately $7.4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 1/11/2024
Transphorm, Inc. (TGAN-$4.84-NASDAQ) agreed to be acquired by Renesas Electronics Corp. (6723 JP-¥2,472.00-Tokyo). Transphorm develops, manufactures, and sells gallium nitride (GaN) semiconductor components for high voltage power conversion applications in China, Hong Kong, Taiwan, U.S., Japan, South Korea, India, and Europe. Under terms of the agreement, Transphorm shareholders will receive $5.10 cash per share, valuing the transaction at approximately $350 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2024. Announcement Date: 1/11/2024
Belvoir Group plc (BLV LN-£262.50-London) agreed to be acquired by The Property Franchise Group plc (TPFG LN-£340.00-London). Belvoir is a property franchise company based in the U.K. Under terms of the agreement, Belvoir shareholders will receive 0.806377 shares of The Property Franchise Group, valuing the transaction at approximately £100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 1/10/2024
Catskill Hudson Bancorp, Inc. (CSKL-$37.45-OTC) agreed to be acquired by Hudson Valley Credit Union. Catskill Hudson Bancorp is the bank holding company for Catskill Hudson Bank which serves 7,500 customers across 14 locations in Sullivan, Orange, Ulster, Saratoga, and Albany Counties. Under terms of the agreement, Catskill Hudson shareholders will receive $40.50 cash per share, valuing the transaction at approximately $25 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2024. Announcement Date: 1/10/2024
Juniper Networks, Inc. (JNPR-$36.96-NYSE) agreed to be acquired by Hewlett Packard Enterprise Co. (HPE-$15.29-NYSE). Juniper designs, develops, and sells network solutions and products globally. Under terms of the agreement, Juniper shareholders will receive $40.00 cash per share, valuing the transaction at approximately $14 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2025. Announcement Date: 1/9/2024
Ambrx Biopharma, Inc. (AMAM-$27.80-NASDAQ) agreed to be acquired by Johnson & Johnson (JNJ-$158.90-NYSE). Ambrx is a clinical stage biopharmaceutical company focused on discovering and developing antibody drug conjugates. Under terms of the agreement, Ambrx shareholders will receive $28.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 1/8/2024
Axonics, Inc. (AXNX-$67.88-NASDAQ) agreed to be acquired by Boston Scientific Corp. (BSX-$63.26-NYSE). Axonics is a medical technology company engaged in the development and commercialization of novel products for the treatment of bladder and bowel dysfunction. Under terms of the agreement, Axonics shareholders will receive $71.00 cash per share, valuing the transaction at approximately $3.7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 1/8/2024
Harpoon Therapeutics, Inc. (HARP-$22.33-NASDAQ) agreed to be acquired by Merck & Co., Inc. (MRK-$120.78-NYSE). Harpoon is a clinical-stage immunotherapy company that develops a novel class of T cell engagers to treat patients suffering from cancer and other diseases in the U.S. Under terms of the agreement, Harpoon shareholders will receive $23.00 cash per share, valuing the transaction at approximately $700 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 1/8/2024
Callon Petroleum Co. (CPE-$32.12-NYSE) agreed to be acquired by APA Corp. (APA-$31.33-NASDAQ). Callon is an independent oil and natural gas company focused on the acquisition, exploration, and development of oil and natural gas properties in West Texas. Under terms of the agreement, Callon shareholders will receive 1.0425 shares of APA Corp. common stock per share, valuing the transaction at approximately $4.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 1/5/2024
Byggfakta Group Nordic HoldCo AB (BFG SS-SEK 46.15-Stockholm) agreed to be acquired by Macquarie Group Ltd. Byggfakta is a Sweden based software and information company focused on the construction industry. Under terms of the agreement, Byggfakta shareholders will receive SEK 46.00 cash per share, valuing the transaction at approximately SEK 3.2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 1/4/2024
Gracell Biotechnologies, Inc. (GRCL-$10.04-NASDAQ) agreed to be acquired by AstraZeneca plc (AZN-$67.35-NASDAQ). Gracell is a clinical-stage biopharmaceutical company focused on the discovery and development of cell therapies for the treatment of cancer in China. Under terms of the agreement, Gracell shareholders will receive $10.00 cash per American Depository Receipt (“ADR”), valuing the transaction at approximately $1 billion. The agreement also includes one Contingent Value Right (“CVR”) of up to $1.50 per share. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 12/26/2023
RayzeBio, Inc. (RYZB-$62.17-NASDAQ) agreed to be acquired by Bristol-Myers Squibb Co. (BMY-$51.31-NYSE). RayzeBio develops radiopharmaceutical therapeutics for cancer treatment. Under terms of the agreement, RayzeBio shareholders will receive $62.50 cash per share, valuing the transaction at approximately $3.6 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 12/26/2023
Daseke, Inc. (DSKE-$8.10-NASDAQ) agreed to be acquired by TFI International Inc. (TFII CN-C$180.24-Toronto). Daseke is a North American transportation and logistics solutions company. Under terms of the agreement, Daseke shareholders will receive $8.30 cash per share, valuing the transaction at approximately $1.1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 12/22/2023
Karuna Therapeutics, Inc. (KRTX-$316.51-NASDAQ) agreed to be acquired by Bristol- Myers Squibb Co. (BMY-$51.31-NYSE). Karuna is a biopharmaceutical company focused on the development of therapies for neuropsychiatric disorders. Under terms of the agreement, Karuna shareholders will receive $330.00 cash per share, valuing the transaction at approximately $13 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 12/22/2023
Theseus Pharmaceuticals, Inc. (THRX-$4.05-NASDAQ) agreed to be acquired by Concentra Biosciences, LLC. Theseus is a biopharmaceutical company focused on the discovery, development, and commercialization of therapy treatments for cancer patients. Under terms of the agreement, Theseus shareholders will receive $3.90 cash per share, valuing the transaction at approximately $200 million. The agreement also includes one Contingent Value Right (“CVR”) of up to $0.15 per share. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 12/22/2023
Greenvolt - Energias Renováveis, S.A. (GVOLT PL-€8.18-Lisbon) agreed to be acquired by KKR & Co., Inc. (KKR-$82.85-NYSE). Greenvolt is an international renewable energy company with operations in Portugal and the U.K. Under terms of the agreement, Greenvolt shareholders will receive €8.30 cash per share, valuing the transaction at approximately €1.2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 12/21/2023
Azure Minerals Ltd. (AZS AU-A$3.70-Sydney) agreed to be acquired by a Consortium of Investors led by Hancock Prospecting Pty Ltd. and Sociedad Quimica & Minera de Chile S.A. Azure is an Australian mining company that specializes in the exploration and development of mineral projects. Under terms of the agreement, Azure shareholders will receive A$3.70 cash per share, valuing the transaction at approximately A$1.7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 12/19/2023
CSI Compressco LP (CCLP-$1.63-NASDAQ) agreed to be acquired by Kodiak Gas Services, Inc. (KGS-$20.08-NYSE). CSI Compressco provides a range of services and equipment for natural gas and oil production. Under terms of the agreement, CSI Compressco unit holders will receive 0.086 shares of Kodiak common stock per share, valuing the transaction at approximately $900 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 12/19/2023
Alteryx, Inc. (AYX-$47.16-NYSE) agreed to be acquired by a Consortium of Investors led by Clearlake Capital Group, L.P. and Insight Partners. Alteryx is a data analytics company that provides organizations with a platform for data blending, preparation, and analytics. Under terms of the agreement, Alteryx shareholders will receive $48.25 cash per share, valuing the transaction at approximately $4.4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 12/18/2023
PGT Innovations, Inc. (PGTI-$40.70-NYSE) agreed to be acquired by Masonite International Corp. (DOOR-$84.66-NYSE). PGT Innovations is a leading manufacturer and supplier of impact-resistant windows and doors used in residential and commercial applications. Under terms of the agreement, PGT Innovations shareholders will receive $33.50 cash per share and $7.50 in common shares of Masonite, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the middle of 2024. Announcement Date: 12/18/2023
United States Steel Corp. (X-$48.65-NYSE) agreed to be acquired by Nippon Steel Corp. (5401 JP-¥3,230.00-Tokyo). U.S. Steel is a major American integrated steel producer, operating across the entire steel production process from raw materials to finished goods. Under terms of the agreement, U.S. Steel shareholders will receive $55.00 cash per share, valuing the transaction at approximately $15 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close at the end of 2024, or early 2025. Announcement Date: 12/18/2023
Battalion Oil Corp. (BATL-$9.61-NYSE American) agreed to be acquired by Fury Resources, Inc. Battalion is an independent energy company engaged in the exploration, development, and production of oil and natural gas resources in the Delaware Basin. Under terms of the agreement, Battalion shareholders will receive $9.80 cash per share, valuing the transaction at approximately $450 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 12/15/2023
Codorus Valley Bancorp, Inc. (CVLY-$25.70-NASDAQ) agreed to be acquired by Orrstown Financial Services, Inc. (ORRF-$29.50-NASDAQ). Codorus Valley is the financial holding company for PeoplesBank, which provides a range of banking services in Pennsylvania and Maryland. Under terms of the agreement, Codorus Valley shareholders will receive 0.875 shares of Orrstown common stock per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 12/12/2023
Icosavax, Inc. (ICVX-$15.76-NASDAQ) agreed to be acquired by AstraZeneca plc (AZN-$67.35-NASDAQ). Icosavax is a biotechnology company focused on the development of virus-like particle vaccines designed to provide solutions for the prevention of infectious diseases. Under terms of the agreement, Icosavax shareholders will receive $15.00 cash per share, valuing the transaction at approximately $850 million. The agreement also includes one Contingent Value Right (“CVR”) of up to $5.00 per share. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 12/12/2023
Eagle Bulk Shipping, Inc. (EGLE-$55.40-NYSE) agreed to be acquired by Star Bulk Carriers Corp. (SBLK-$21.26-NASDAQ). Eagle is a global shipping company engaged in the ocean transportation of dry bulk cargoes. Under terms of the agreement, Eagle shareholders will receive 2.6211 shares of Star Bulk common stock per share, valuing the transaction at approximately $2.1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 12/11/2023
Hollysys Automation Technologies Ltd. (HOLI-$26.35-NASDAQ) agreed to be acquired by Ascendent Capital Partners. Hollysys is a Chinese company specializing in automation and control technologies for industrial, railway, and nuclear companies. Under terms of the agreement, Hollysys shareholders will receive $26.50 cash per share, valuing the transaction at approximately $1.7 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 12/11/2023
Ten Entertainment plc (TEG LN-£4.13-London) agreed to be acquired by Trive Capital. Ten Entertainment operates approximately 50 entertainment centers in the U.K, including bowling alleys, karaoke rooms, escape rooms, laser tag arenas, and soft play areas. Under terms of the agreement, Ten Entertainment shareholders will receive £4.125 cash per share, valuing the transaction at approximately £300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 12/6/2023
Cerevel Therapeutics Holdings, Inc. (CERE-$42.40-NASDAQ) agreed to be acquired by AbbVie, Inc. (ABBV-$154.97-NYSE). Cerevel Therapeutics is a biopharmaceutical company focused on developing innovative therapies for neurological disorders, with a particular emphasis on neuroscience research and drug discovery. Under terms of the agreement, Cerevel Therapeutics shareholders will receive $45.00 cash per share, valuing the transaction at approximately $9 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the middle of 2024. Announcement Date: 12/6/2023
Hawaiian Holdings, Inc. (HA-$14.20-NASDAQ) agreed to be acquired by Alaska Air Group, Inc. (ALK-$39.07-NYSE). Hawaiian Holdings is the parent company of Hawaiian Airlines, operating as a major carrier for passenger and cargo services primarily in the central and western Pacific. Under terms of the agreement, Hawaiian Holdings shareholders will receive $18.00 cash per share, valuing the transaction at approximately $1.9 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2025. Announcement Date: 12/3/2023
ImmunoGen, Inc. (IMGN-$29.35-NASDAQ) agreed to be acquired by AbbVie, Inc. (ABBV-$142.39-NYSE). ImmunoGen is a biotechnology company that focuses on the development and commercialization of antibody-drug conjugates for cancer patients. Under terms of the agreement, ImmunoGen shareholders will receive $31.26 cash per share, valuing the transaction at approximately $7.8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 11/30/2023
Musti Group Oyj (MUSTI FH-€26.26-Helsinki) agreed to be acquired by a Consortium of Investors led by Sonae SGPS SA (SON PL-€0.93-Lisbon) and members of Musti Group Oyj Management. Musti Group Oyi offers pet products in Finland, Sweden, and Norway. Under the terms of the agreement, Musti Group Oyi shareholders will receive €26.00 in cash per share, valuing the transaction at approximately €1 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 11/29/2023
Adevinta ASA (ADE NO-NOK 111.80-Olso) agreed to be acquired by Blackstone, Inc. (BX-$112.37-NYSE) and Permira Holdings LLP. Adevinta owns and operates classified websites. Under terms of the agreement, Adevinta shareholders will receive NOK 115.00 cash per share, valuing the transaction at approximately NOK 150 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 11/21/2023
City Pub Group PLC (CPC LN-£1.37-London) agreed to be acquired by Young & Co.’s Brewery, plc (YNG LN-£10.90-London). City Pub Group owns, operates, and manages a portfolio of pubs in London. Under terms of the agreement, City Pub Group shareholders will receive £1.0875 cash per share and 0.0327 shares of Young & Co.’s Brewery common stock per share, valuing the transaction at approximately £175 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 11/16/2023
DX Group plc (DX LN-£0.47-London) agreed to be acquired by H.I.G. Capital LLC. DX Group provides parcel, freight, secure courier, and logistics services in the U.K. Under terms of the agreement, DX Group shareholders will receive £0.485 cash per share, valuing the transaction at approximately £375 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 11/16/2023
EQS Group AG (EQS GY-€40.00-Frankfurt) agreed to be acquired by Thoma Bravo. EQS Group provides cloud-based corporate compliance, investor relations, and environment, social, and governance cloud based software in Germany and abroad. Under the terms of the agreement, EQS Group shareholders will receive €40.00 cash per share, valuing the transaction at approximately €425 million. The transaction is subject to the tender of a majority of the shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 11/16/2023
Hotel Chocolat Group plc (HOTC LN-£3.67-London) agreed to be acquired by Mars, Inc. Hotel Chocolat Group manufactures chocolates and cocoa-related products in the U.K., Europe, Saint Lucia, U.S., and Japan. Under terms of the agreement, Hotel Chocolat Group shareholders will receive £3.75 cash per share, valuing the transaction at approximately £550 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 11/16/2023
Marathon Gold Corp. (MOZ CN-C$0.78-Toronto) agreed to be acquired by Calibre Mining Corp. (CXB CN-C$1.30-Toronto). Marathon Gold Corp. acquires, explores, and develops mineral resource projects in Canada. Under terms of the agreement, Marathon Gold Corp. shareholders will receive 0.6164 shares of Calibre Mining Corp. common stock per share, valuing the transaction at approximately C$550 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 11/13/2023
Q4 Inc. (QFOR CN-C$5.98-Toronto) agreed to be acquired by Sumeru Equity Partners. Q4 Inc. operates a capital markets communication software platform in the U.S., Canada, and Europe. Under terms of the agreement, Q4 Inc. shareholders will receive C$6.05 cash per share, valuing the transaction at approximately C$210 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Q4 Inc. is also permitted to solicit superior bids from parties during a 35-day “go-shop” period. Announcement Date: 11/13/2023
GAN Ltd. (GAN-$1.47-NASDAQ) agreed to be acquired by Sega Sammy Holdings, Inc. (6460 JP-¥2,147.50-Tokyo). GAN provides software-as-a-service solutions to online casino gaming and sports betting applications in the U.S., Europe, Latin America, and abroad. Under terms of the agreement, GAN Ltd. shareholders will receive $1.97cash per share, valuing the transaction at approximately $75 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 11/8/2023
Telefonica Deutschland Holding AG (O2D-€2.35-Xetra) agreed to be acquired by Telefonica, S.A. (TEF-$4.27-NYSE). Telefonica Deutschland Holding AG provides integrated telecommunication services to private and business customers in Germany. Under terms of the agreement, Telefonica Deutschland Holding AG shareholders will receive €2.35 in cash per share, valuing the transaction at approximately €1.9 billion. The transaction is under review, and we continue to monitor the situation. Announcement Date: 11/7/2023
Bluegreen Vacations Holding Corp. (BVH-$74.52-NYSE) agreed to be acquired by Hilton Grand Vacations, Inc. (HGV-$34.26-NYSE). Bluegreen Vacations is a vacation ownership company based in Boca Raton, FL. Under terms of the agreement, Bluegreen Vacations shareholders will receive $75.00 cash per share, valuing the transaction at approximately $1.3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 11/6/2023
Six Flags Entertainment Corp. (SIX-$24.90-NYSE) agreed to be acquired by Cedar Fair, L.P. (FUN-$39.22-NYSE). Six Flags owns and operates regional amusement and water parks. Under the terms of the agreement, Six Flags shareholders will receive 0.58 shares of Cedar Fair, L.P. common stock per share, valuing the transaction at approximately $4.2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 11/1/2023
Patriot Transportation Holding, Inc. (PATI-$15.73-NASDAQ) agreed to be acquired by United Petroleum Transports, Inc. Patriot Transportation transports petroleum and other liquids and dry bulk commodities through its subsidiary, Florida Rock & Tank Lines, Inc. Under terms of the agreement, Patriot Transportation shareholders will receive $16.26 cash per share, valuing the transaction at approximately $50 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 11/1/2023
Eargo, Inc. (EAR-$2.60-NASDAQ) agreed to be acquired by Patient Square Capital. Eargo is a medical device company focused on improving the quality of life for people with hearing loss. Under terms of the agreement, Eargo shareholders will receive $2.55 cash per share, valuing the transaction at approximately $50 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 10/30/2023
Miromatrix Medical, Inc. (MIRO-$3.32-NASDAQ) agreed to be acquired by United Therapeutics Corp. (UTHR-$222.86-NASDAQ). Miromatrix Medical is a life sciences company that focuses on the development of technology for bioengineering fully transplantable organs. Under terms of the agreement, Miromatrix Medical shareholders will receive $3.25 cash per share, valuing the transaction at approximately $75 million. The agreement also includes one Contingent Value Right (“CVR”) of up to $1.75 per share. The transaction is subject to the tender of at least a majority shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 10/30/2023
Physicians Realty Trust (DOC-$10.86-NYSE) agreed to be acquired by Healthpeak Properties, Inc. (PEAK-$15.55-NYSE). Physicians Realty Trust is a self-managed health care real estate company that manages health care properties leased to physicians, hospitals, and health care delivery systems. Under terms of the agreement, Physician Realty Trust shareholders will receive 0.674 shares of Healthpeak Realty common stock per share, valuing the transaction at approximately $4.6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 10/30/2023
Spirit Realty Capital, Inc. (SRC-$35.99-NYSE) agreed to be acquired by Realty Income Corp. (O-$47.38-NYSE). Spirit Realty is a net-lease Real Estate Investment Trust that invests in single-tenant, operationally essential real estate assets with long-term leases. Under terms of the agreement, Spirit Realty shareholders will receive 0.762 shares of Realty Income Corp. common stock per share, valuing the transaction at approximately $5.3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 10/30/2023
Azure Minerals Ltd. (AZS AU-A$3.65-Sydney) received an offer to be acquired by Sociedad Quimica y Minera de Chile S.A. (SQM-$48.40-NYSE). Azure Minerals engages in the exploration of precious and base minerals in Australia. Under terms of the offer, Azure Minerals shareholders would receive A$3.52 cash per share, valuing the transaction at approximately A$1.3 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 10/26/2023
CapStar Financial Holdings, Inc. (CSTR-$15.18-NASDAQ) agreed to be acquired by Old National Bancorp (ONB-$13.70-NASDAQ). CapStar Financial Holdings is the bank holding company for CapStar Bank and provides banking services to customers primarily in the state of Tennessee. Under terms of the agreement, CapStar Financial Holdings, Inc. shareholders will receive 1.155 shares of Old National Bancorp common stock per share, valuing the transaction at approximately $350 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 10/26/2023
EngageSmart, Inc. (ESMT-$22.65-NYSE) agreed to be acquired by Vista Equity Partners. EngageSmart provides customer engagement and integrated payment solutions. Under terms of the agreement, EngageSmart shareholders will receive $23.00 cash per share, valuing the transaction at approximately $3.8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. EngageSmart is also permitted to solicit superior bids from parties during a 30-day “go-shop” period. Announcement Date: 10/23/2023
Hess Corp. (HES-$144.40-NYSE) agreed to be acquired by Chevron Corp. (CVX-$145.73-NYSE). Hess is an energy company that explores, produces, transports, and sells crude oil, natural gas liquids, and natural gas. Under terms of the agreement, Hess shareholders will receive 1.025 shares of Chevron Corp. common stock per share, valuing the transaction at approximately $59 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 10/22/2023
Textainer Group Holdings Ltd. (TGH-$49.12-NYSE) agreed to be acquired by Stonepeak Partners. Textainer Group operates and leases a global fleet of intermodal containers. Under terms of the agreement, Textainer Group shareholders will receive $50.00 cash per share, valuing the transaction at approximately $7.0 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Textainer Group is also permitted to solicit superior bids from parties during a 30-day “go-shop” period. Announcement Date: 10/22/2023
Olink Holdings AB (OLK-$24.92-NASDAQ) agreed to be acquired by Thermo Fisher Scientific, Inc. (TMO-$444.77-NYSE). Olink Holding provides various products and services for institutions that focus on life science research. Under terms of the agreement, Olink Holdings shareholders will receive $26.00 cash per share, valuing the transaction at approximately $3.2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 10/17/2023
Wyndham Hotels & Resorts, Inc. (WH-$72.40-NYSE) received an offer to be acquired by Choice Hotels International, Inc. (CHH-$110.50-NYSE). Wyndham Hotels & Resorts is a global operator of hotel franchises. Under terms of the offer, Wyndham shareholders would receive $49.50 cash per share and 0.324 shares of Choice Hotels International common stock per share, valuing the transaction at approximately $10 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 10/17/2023
Consolidated Communications Holdings (CNSL-$4.17-NASDAQ) agreed to be acquired by Searchlight Capital Partners and British Columbia Investment Management. Consolidated Communications provides broadband and business communication solutions in the U.S. Under terms of the agreement, Consolidated Communications shareholders will receive $4.70 cash per share, valuing the transaction at approximately $550 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2025. Announcement Date: 10/16/2023
PCTEL, Inc. (PCTI-$6.85-NASDAQ) agreed to be acquired by Amphenol Corp. (APH-$80.55-NYSE). PCTEL provides industrial Internet of Thing devices, antenna systems, and test and measurement solutions globally. Under terms of the agreement, PCTEL shareholders will receive $7.00 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 10/16/2023
The Restaurant Group plc (RTN LN-£67.90-London) agreed to be acquired by Apollo Global Management, Inc. (APO-$77.44-NYSE). The Restaurant Group operates pubs and restaurants in the U.K. Under terms of the agreement, The Restaurant Group shareholders will receive £0.65 cash per share, valuing the transaction at approximately £1.1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 10/12/2023
Sculptor Capital Management, Inc. (SCU-$12.65-NYSE) agreed to be acquired by Rithm Capital Corp. (RITM-$9.33-NYSE). Sculptor is a publically traded hedge fund sponsor. Under terms of the October 27, 2023 agreement, Sculptor shareholders will receive $12.70 cash per share, valuing the transaction at approximately $550 million. Previously, on October 12, 2023, Sculptor had agreed to be acquired by Rithm for $12.00 cash per share, which at the time was a $0.85 increase to the original $11.15 cash per share offer Sculptor shareholders agreed to on July 24, 2023. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 10/12/2023
Community West Bancshares (CWBC-$12.75-NASDAQ) agreed to be acquired by Central Valley Community Bancorp (CVCY-$15.77-NASDAQ). Community West Bancshares operates as the bank holding company for Community West Bank, which provides banking services in California. Under terms of the agreement, Community West Bancshares shareholders will receive 0.79 shares of Central Valley Community Bancorp common stock per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 10/11/2023
Pioneer Natural Resources Co. (PXD-$239.00-NYSE) agreed to be acquired by Exxon Mobil Corp. (XOM-$105.85-NYSE). Pioneer is an independent oil and gas exploration and production company in the U.S. Under terms of the agreement, Pioneer shareholders will receive 2.3234 shares of Exxon Mobil common stock per share, valuing the transaction at approximately $68.0 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 10/11/2023
Nordic Waterproofing Holding AB (NWG SS-SEK 161.40-Stockholm) agreed to be acquired by Kingspan Holdings Ltd. Nordic Waterproofing produces and supplies waterproofing products and services for buildings and infrastructure in Europe and the U.K. Under terms of the agreement, Nordic Waterproofing shareholders will receive SEK 160.00 cash per share, valuing the transaction at approximately SEK 3.7 billion. The transaction is subject to the tender of at least a majority shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 10/10/2023
OpSens, Inc. (OPS CN-C$2.85-Toronto) agreed to be acquired by Haemonetics Corp. (HAE-$85.23-NYSE). OpSens develops, manufactures, and sells fiber optic sensors for cardiovascular interventions. Under terms of the agreement, OpSens shareholders will receive C$2.90 cash per share, valuing the transaction at approximately C$325 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 10/10/2023
Startek, Inc. (SRT-$4.28-NYSE) agreed to be acquired by Capital Square Partners. Startek is an outsourced business service company that provides customer experience, digital transformation, and technology services under the Startek and Aegis brands. Under terms of the agreement, Startek shareholders will receive $4.30 cash per share, valuing the transaction at approximately $75 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 10/10/2023
Lucas Bols N.V. (BOLS NA-€17.35-Amsterdam) agreed to be acquired by Nolet Group. Lucas Bols produces and sells cocktails and spirits. Under terms of the agreement, Lucas Bols shareholders will receive €18.00 cash per share, valuing the transaction at approximately €250 million. The transaction is subject to the tender of at least a majority shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 10/9/2023
Mirati Therapeutics, Inc. (MRTX-$55.53-NASDAQ) agreed to be acquired by Bristol-Myers Squibb Co. (BMY-$51.53-NYSE). Mirati Therapeutics develops novel therapeutics to address the genetic and immunological promoters of cancer in the U.S. Under terms of the agreement, Mirati Therapeutics shareholders will receive $58.00 cash per share, valuing the transaction at approximately $3.9 billion. The agreement also includes one Contingent Value Right (“CVR”) of up to $12.00 per share. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 10/9/2023
National Western Life Group, Inc. (NWLI-$478.90-NASDAQ) agreed to be acquired by Prosperity Life Group. National Western Life Group is a stock life insurance company that operates under the name National Western Life Insurance Co. Under terms of the agreement, National Western Life Group shareholders will receive $500.00 cash per share, valuing the transaction at approximately $1.7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 10/9/2023
Vitesco Technologies Group AG (VTSC GY-€92.10-Frankfurt) agreed to be acquired by Schaeffler AG (SHA GY-€4.88-Frankfurt). Vitesco Technologies manufactures 48-volt electrification solutions, electric drives, and power electronics for hybrid and battery-electric vehicles. Under terms of the agreement, Vitesco Technologies shareholders will receive €91.00 cash per share, valuing the company at €3.6 billion. The transaction is subject to the tender of at least a majority shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 10/9/2023
Tribal Group plc (TRB LN-£0.64-London) agreed to be acquired by Ellucian. Tribal Group provides enterprise resource planning and customer relationship management software to the education sector. Under terms of the agreement, Tribal Group shareholders will receive £0.74 cash per share, valuing the transaction at approximately £175 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 10/6/2023
Orchard Therapeutics plc (ORTX-$15.91-NASDAQ) agreed to be acquired by Kyowa Kirin Co. Ltd. (4151 JP-¥2,358.00-Tokyo). Orchard Therapeutics researches, develops, and commercializes hematopoietic stem cell and gene therapies in the U.K. and other parts of Europe. Under terms of the agreement, Orchard Therapeutics shareholders will receive $16.00 cash per share, valuing the transaction at approximately $360 million. The agreement also includes one Contingent Value Right (“CVR”) of up to $1.00 per share. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 10/5/2023
SP Plus Corp. (SP-$50.53-NASDAQ) agreed to be acquired by Metropolis Technologies. SP Plus provides parking management, ground transportation, baggage, mobility solutions, and other ancillary services in North America. Under terms of the agreement, SP Plus shareholders will receive $54.00 cash per share, valuing the transaction at approximately $1.6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 10/5/2023
LiveVox Holdings, Inc. (LVOX-$3.61-NASDAQ) agreed to be acquired by Nice Ltd. (NICE-$154.35-NASDAQ). LiveVox provides cloud software for businesses. Under terms of the agreement, LiveVox shareholders will receive $3.74 cash per share, valuing the transaction at approximately $350 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 10/4/2023
Somalogic, Inc. (SLGC-$2.23-NASDAQ) agreed to be acquired by Standard BioTools, Inc. (LAB-$1.99-NASDAQ). Somalogic is a protein biomarker and clinical diagnostics company in the U.S. Under terms of the agreement, Somalogic shareholders will receive 1.11 shares of Standard BioTools common stock per share, valuing the transaction at approximately $55 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 10/4/2023
H20 Innovation, Inc. (HEO CN-C$4.22-Toronto) agreed to be acquired by Ember Infrastructure Management. H20 Innovation designs and provides integrated water treatment solutions using membrane filtration technology. Under terms of the agreement, H20 Innovation shareholders will receive C$4.25 cash per share, valuing the transaction at approximately C$425 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 10/3/2023
POINT Biopharma Global, Inc. (PNT-$12.66-NASDAQ) agreed to be acquired by Eli Lilly and Co. (LLY-$553.93-NYSE). POINT is a pharmaceutical company that develops and commercializes radio ligands to fight cancer. Under terms of the agreement, POINT shareholders will receive $12.50 cash per share, valuing the transaction at approximately $1.3 billion. The transaction is subject to the tender of at least a majority shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 10/3/2023
Vericity, Inc. (VERY-$10.98-NASDAQ) agreed to be acquired by iA Financial Corp. (IAG CN-C$80.69-Toronto). Vericity sells life insurance products throughout Middle America. Under terms of the agreement, Vericity shareholders will receive $11.43 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 10/3/2023
Blue Apron Holdings, Inc. (APRN-$12.88-NASDAQ) agreed to be acquired by Wonder Group. Blue Apron delivers original recipes with fresh and seasonal ingredients direct-to-consumer. Under terms of the agreement, Blue Apron shareholders will receive $13.00 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 9/29/2023
SYNLAB AG (SYAB GY-€10.09-Hanover) agreed to be acquired by Cinven Group. SYNLAB provides clinical laboratory and medical diagnostic services in Europe. Under terms of the agreement, SYNLAB shareholders will receive €10.00 cash per share, valuing the transaction at approximately €4.9 billion. The transaction is subject to the tender of shares and regulatory approvals. No closing guidance has been provided at this time. Announcement Date: 9/29/2023
FNCB Bancorp, Inc. (FNCB-$5.95-NASDAQ) agreed to be acquired by Peoples Financial Services Corp. (PFIS-$40.10-NASDAQ). FNCB Bancorp is the bank holding company for FNCB Bank that provides retail and commercial banking services to individuals, businesses, local governments, and municipalities in Northeastern Pennsylvania. Under terms of the agreement, FNCB Bancorp shareholders will receive 0.146 shares of Peoples Financial common stock per share, valuing the transaction at approximately $125 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 9/28/2023
Chico’s FAS, Inc. (CHS-$7.48-NYSE) agreed to be acquired by Sycamore Partners. Chico's is an omni-channel specialty retailer of women's private branded clothing and accessories in the U.S. and abroad. Under terms of the agreement, Chico’s shareholders will receive $7.60 cash per share, valuing the transaction at approximately $1.3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 9/27/2023
Consolidated Uranium, Inc. (CUR CN-C$2.18-Vancouver) agreed to be acquired by IsoEnergy Ltd (ISO CN-C$4.45-Vancouver). Consolidated Uranium acquires, explores, and develops mineral properties in Argentina, Australia, and North America. Under terms of the agreement, Consolidated Uranium shareholders will receive 0.5 shares of IsoEnergy common stock per share, valuing the transaction at approximately C$200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 9/27/2023
Intercept Pharmaceuticals, Inc. (ICPT-$18.54-NASDAQ) agreed to be acquired by Alfasigma S.p.A. Intercept Pharmaceuticals is a biopharmaceutical company that focuses on the development of therapeutics to treat liver diseases in the U.S., Europe, and Canada. Under terms of the agreement, Intercept Pharmaceutical shareholders will receive $19.00 cash per share, valuing the transaction at approximately $800 million. The transaction is subject to the tender of at least a majority shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 9/26/2023
Costa Group Holdings Ltd. (CGC AU-A$3.13-Melbourne) agreed to be acquired by Paine Schwartz Partners. Costa Group produces, packages, and sells fruits and vegetables to food retailers. Under terms of the agreement, Costa Group shareholders will receive A$3.20 cash per share, valuing the transaction at approximately A$2.4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 9/22/2023
Splunk, Inc. (SPLK-$146.25-NASDAQ) agreed to be acquired by Cisco Systems, Inc. (CSCO-$53.76-NASDAQ). Splunk develops and markets cloud services and licensed software solutions in the U.S. and abroad. Under terms of the agreement, Splunk shareholders will receive $157.00 cash per share, valuing the transaction at approximately $28 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2024. Announcement Date: 9/21/2023
Finsbury Food Group plc (FIF LN-£1.095-London) agreed to be acquired by DBAY Advisors. Finsbury Food Group manufactures and sells a variety of cakes, breads and bakery goods in the U.K. and abroad. Under terms of the agreement, Finsbury Food Group shareholders will receive £1.10 cash per share, valuing the transaction at approximately £200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 9/20/2023
Self Storage Group ASA (SSG NO-NOK 39.40-Oslo) agreed to be acquired by Teachers Insurance & Annuity Association of America. Self Storage Group rents self-storage units to individuals and businesses in Norway, Sweden, and Denmark. Under terms of the agreement, Self Storage Group shareholders will receive NOK 40.00 cash per share, valuing the transaction at approximately NOK5.4 billion. The transaction is subject to the tender of at least a majority shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 9/20/2023
Cambridge Bancorp (CATC-$62.29-NASDAQ) agreed to be acquired by Eastern Bankshares, Inc. (EBC-$12.54-NASDAQ). Cambridge Bancorp is the bank holding company for Cambridge Trust Company, which engages in commercial and consumer banking, investment management, and trust services. Under terms of the agreement, Cambridge Bancorp shareholders will receive 4.956 shares of Eastern Bankshares common stock per share, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 9/19/2023
Green Plains Partners LP (GPP-$14.88-NASDAQ) agreed to be acquired by Green Plains, Inc. (GPRE-$30.10-NASDAQ). Green Plains Partners LP provides fuel storage and transportation services in the U.S. Under terms of the agreement, Green Plains Partners LPs will receive $2.00 cash per unit and 0.405 shares of Green Plains common stock per unit, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 9/18/2023
PGS ASA (PGS NO-NOK 9.37-Oslo) agreed to be acquired by TGS ASA (TGS NO-NOK 146.60-Oslo). PGS operates a marine geophysical company in Norway. Under terms of the agreement, PGS shareholders will receive 0.06829 shares of TGS common stock per share, valuing the transaction at approximately NOK16.4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 9/18/2023
PFSweb, Inc. (PFSW-$7.44-NASDAQ) agreed to be acquired by GXO Logistics, Inc. (GXO-$58.65-NYSE). PFSweb provides omni-channel commerce solutions in the U.S., Belgium, U.K., Canada, and India. Under terms of the agreement, PFSweb shareholders will receive $7.50 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to the tender of at least a majority shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 9/14/2023
Hostess Brand, Inc. (TWNK-$33.31-NASDAQ) agreed to be acquired by The J. M. Smucker Co. (SJM-$122.91-NYSE). Hostess manufactures and sells snack products in the U.S. and Canada, offering a range of items under brand names including Dolly Madison, Cloverhill, CupCakes, and Twinkies. Under terms of the agreement, Hostess shareholders will receive $30.00 cash per share and 0.03002 shares of J. M. Smucker common stock per share, valuing the transaction at approximately $5.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 9/12/2023
WestRock Co. (WRK-$35.80-NYSE) agreed to be acquired by Smurfit Kappa Group plc (SKG ID-£27.30-Dublin). WestRock provides fiber-based paper and packaging solutions in North and South America, Europe, Asia, and Australia. Under terms of the agreement, WestRock shareholders will receive $5.00 cash per share and 1 share of Smurfit Kappa Group common stock per share, valuing the transaction at approximately $21 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2024. Announcement Date: 9/12/2023
Avantax, Inc. (AVTA-$25.58-NASDAQ) agreed to be acquired by Cetera Financial Group. Avantax provides wealth management solutions to small business owners, tax professionals, consumers, financial professionals, and accounting firms in the U.S. Under terms of the agreement, Avantax shareholders will receive $26.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 9/11/2023
NextGen Healthcare, Inc. (NXGN-$23.73-NASDAQ) agreed to be acquired by Thoma Bravo. NextGen provides healthcare technology solutions in the U.S. Under terms of the agreement, NextGen shareholders will receive $23.95 cash per share, valuing the transaction at approximately $1.7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 9/6/2023
ABC Technologies Holdings, Inc. (ABCT CN-C$6.68-Toronto) agreed to be acquired in a go-private transaction led by Apollo Global and Oaktree Funds. ABC Technologies manufactures automotive components and systems. Under terms of the agreement, ABC Technologies shareholders will receive C$6.75 cash per share, valuing the transaction at approximately C$800 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 9/5/2023
Abcam plc (ABCM-$22.62-NASDAQ) agreed to be acquired by Danaher Corp. (DHR-$265.00-NYSE). Abcam is a life science company focused on the identification, development, and distribution of tools used in scientific research, diagnostics, and discovery. Under terms of the agreement Abcam shareholders will receive $24.00 cash per share, valuing the transaction at approximately $5.7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 8/28/2023
Hersha Hospitality Trust (HT-$9.82-NYSE) agreed to be acquired by KSL Capital Partners. Hersha Hospitality is a real estate investment trust that owns and operates lifestyle and luxury hotels. Under terms of the agreement Hersha Hospitality shareholders will receive $10.00 cash per share, valuing the transaction at approximately $900 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 8/28/2023
RPT Realty (RPT-$11.34-NYSE) agreed to be acquired by Kimco Realty Corp. (KIM-$18.94-NYSE). RPT Realty owns a portfolio of open-air shopping centers in the U.S. Under terms of the agreement RPT Realty shareholders will receive 0.6049 shares of Kimco Realty Corp. common stock per share, valuing the transaction at approximately $1.9 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 8/28/2023
Thorne HealthTech, Inc. (THRN-$10.13-NASDAQ) agreed to be acquired by L Catterton. Thorne provides personalized health and wellness solutions in the U.S. and abroad. Under terms of the agreement Thorne shareholders will receive $10.20 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 8/28/2023
Summit Financial Group, Inc. (SMMF-$24.60-NASDAQ) agreed to be acquired by Burke & Herbert Financial Services Corp. (BHRB-$49.47-NASDAQ). Summit Financial Group is the bank holding company for Summit Community Bank and operates in West Virginia, Virginia, and Kentucky. Under terms of the agreement Summit Financial Group shareholders will receive 0.5043 shares of Burke & Herbert common stock per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 8/24/2023
Earthstone Energy, Inc. (ESTE-$20.38-NYSE) agreed to be acquired by Permian Resources Corp. (PR-$14.18-NYSE). Earthstone Energy is an independent oil and gas company in the U.S. Under terms of the agreement Earthstone Energy shareholders will receive 1.446 shares of Earthstone Energy common stock per share, valuing the transaction at approximately $2.8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 8/21/2023
Crestwood Equity Partners LP (CEQP-$28.60-NYSE) agreed to be acquired by Energy Transfer LP (ET-$13.47-NYSE). Crestwood develops, acquires, owns, controls, and operates energy midstream assets in the U.S. Under terms of the agreement Crestwood common unitholders will receive 2.07 Energy Transfer common units for each Crestwood common unit, valuing the transaction at approximately $6.1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 8/16/2023
Holly Energy Partners, L.P. (HEP-$21.30-NYSE) agreed to be acquired by HF Sinclair Corp. (DINO-$55.09-NYSE). Holly Energy provides transportation, storage, and throughput services to the petroleum industry in the U.S. Under terms of the agreement Holly Energy common unitholders will receive $4.00 cash per unit and 0.315 shares of HF Sinclair common stock, valuing the transaction at approximately $3.7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 8/16/2023
Chindata Group Holdings, Ltd. (CD-$8.37-NASDAQ) agreed to be acquired by Bain Capital. Chindata provides data center solutions in Mainland China, India, and Southeast Asia. Under terms of the agreement Chindata shareholders will receive $8.60 cash per share, valuing the transaction at approximately $2.7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Previously, in July, Chindata Group Holdings Ltd. (CD-$-NASDAQ) received an offer to be acquired by China Merchants Capital. Announcement Date: 8/14/2023
Zynerba Pharmaceuticals, Inc. (ZYNE-$1.33-NASDAQ) agreed to be acquired by Harmony Biosciences Holdings, Inc. (HRMY-$36.25-NASDAQ). Zynerba is a clinical stage pharmaceuticals company. Under terms of the agreement Zynerba shareholders will receive $1.1059 cash per share, valuing the transaction at approximately $25 million. The agreement also includes one Contingent Value Right (“CVR”) of up to $2.5444 per share. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 8/14/2023
Arco Platform Ltd. (ARCO-$9.87-NASDAQ) agreed to be acquired by General Atlantic and Dragoneer Investment Group. Arco is a technology platform focused on educational curriculum for grades K-12. Under terms of the agreement Arco shareholders will receive $14.00 cash per share, valuing the transaction at approximately $800 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 8/10/2023
Capri Holdings Ltd. (CPRI-$52.49-NYSE) agreed to be acquired by Tapestry, Inc. (TPR-$33.32-NYSE). Capri designs, markets, distributes, and retails women’s and men’s apparel under the Versace, Jimmy Choo, and Michael Kors brand names. Under terms of the agreement Capri shareholders will receive $57.00 cash per share, valuing the transaction at approximately $10 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 8/10/2023
Computer Task Group, Inc. (CTG-$10.28-NASDAQ) agreed to be acquired by Cegeka Groep NV. Computer Task Group offers information and technology services in North America and Europe. Under terms of the agreement Computer Task Group shareholders will receive $10.50 cash per share, valuing the transaction at approximately $175 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 8/9/2023
Decibel Therapeutics, Inc. (DBTX-$5.06-NASDAQ) agreed to be acquired by Regeneron Pharmaceuticals, Inc. (REGN-$826.49-NASDAQ). Decibel is a clinical-stage biotechnology company focused on the discovery and development of treatments for hearing and balance disorders. Under terms of the agreement Decibel shareholders will receive $4.00 cash per share, valuing the transaction at approximately $25 million. The agreement also includes one Contingent Value Right (“CVR”) of up to $3.50 per share. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 8/9/2023
Avid Technology, Inc. (AVID-$26.66-NASDAQ) agreed to be acquired by Symphony Technology Group. Avid develops and sells software and integrated video and audio solutions in the U.S. and abroad. Under terms of the agreement Avid shareholders will receive $27.05 cash per share, valuing the transaction at approximately $1.4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2024. Announcement Date: 8/8/2023
EchoStar Corp. (SATS-$17.38-NASDAQ) agreed to be acquired by DISH Network Corp. (DISH-$6.00-NASDAQ). EchoStar provides networking technologies and services worldwide. Under terms of the agreement EchoStar shareholders will receive 2.85 shares of DISH Network common stock per share, valuing the transaction at approximately $700 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 8/8/2023
SciPlay Corp. (SCPL-$22.70-NASDAQ) agreed to be acquired by Light & Wonder, Inc. (LNW-$76.67-NASDAQ). SciPlay operates mobile social games and web platforms in North America and abroad. Under terms of the agreement SciPlay shareholders will receive $22.95 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 8/8/2023
New Relic, Inc. (NEWR-$83.98-NYSE) agreed to be acquired by Francisco Partners Management, L.P. and TPG Inc. (TPG-$29.43-NASDAQ). New Relic provides a cloud-based platform that enables customers to collect, store, and analyze telemetry data. Under terms of the agreement New Relic shareholders will receive $87.00 cash per share, valuing the transaction at approximately $5.8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 7/31/2023
Reata Pharmaceuticals, Inc. (RETA-$165.58-NASDAQ) agreed to be acquired by Biogen, Inc. (BIIB-$270.19-NASDAQ). Reata is a clinical-stage biopharmaceutical company that identifies, develops, and commercializes therapeutics for life-threatening diseases. Under terms of the agreement Reata shareholders will receive $172.50 cash per share, valuing the transaction at approximately $7.3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 7/28/2023
Dialogue Health Technologies, Inc. (CARE CN-C$5.08-Toronto) agreed to be acquired by Sun Life Financial, Inc. (SFL CN-C$69.40-Toronto). Dialogue is a healthcare technology and wellness platform with operations in Canada, U.K., and Germany. Under terms of the agreement Dialogue shareholders will receive C$5.15 cash per share, valuing the transaction at approximately C$300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 7/26/2023
American National Bankshares, Inc. (AMNB-$41.28-NASDAQ) agreed to be acquired by Atlantic Union Bankshares Corp. (AUB-$31.98-NYSE). American National is the bank holding company for American National Bank and Trust Company. Under terms of the agreement American National shareholders will receive 1.35 shares of Atlantic Union common stock per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 7/25/2023
PacWest Bancorp (PACW-$9.30-NASDAQ) agreed to be acquired by Banc of California (BANC-$14.31-NYSE). PacWest Bancorp is the bank holding company for Pacific Western Bank. Under terms of the agreement PacWest shareholders will receive 0.6569 shares of Banc of California common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 7/25/2023
Sculptor Capital Management, Inc. (SCU-$10.95-NYSE) agreed to be acquired by Rithm Capital Corp. (RITM-$10.08-NYSE). Sculptor is a publically traded hedge fund sponsor. Under terms of the agreement Sculptor shareholders will receive $11.15 cash per share, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 7/24/2023
Heritage-Crystal Clean, Inc. (HCCI-$46.07-NASDAQ) agreed to be acquired by J.F. Lehman & Co. Heritage-Crystal Clean provides parts cleaning, hazardous and non-hazardous waste removal, and used oil collection services for small and mid-sized customers in the industrial sectors of the U.S. Under terms of the agreement Heritage-Crystal Clean shareholders will receive $45.50 cash per share, valuing the transaction at approximately $1.3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 7/19/2023
Gresham House plc (GHE LN-£10.60-London) agreed to be acquired by Searchlight Capital Partners. Gresham provides investment management services to individuals, financial advisors, institutions, charities, endowments, and family offices in Europe and the U.K. Under terms of the agreement Gresham shareholders will receive £11.05 cash per share, valuing the transaction at approximately £400 million. The transaction is subject to a 75% vote from Gresham shareholders and regulatory approvals. The deal is expected to close in the fourth quarter of 2023. Announcement Date: 7/17/2023
PolyMet Mining Corp. (PLM-$2.08-NYSE American) agreed to be acquired by Glencore plc (GLEN LN-£47.36-London). PolyMet explores and develops natural resource properties. Under terms of the agreement PolyMet shareholders will receive $2.11 cash per share for the approximately 17.8% of common shares Glencore does not currently own, valuing the transaction at approximately $100 million. The transaction is subject to approval from PolyMet shareholders, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 7/17/2023
Kahoot! ASA (KAHOT NO-NOK 34.86-Norway) agreed to be acquired by Goldman Sachs Asset Management. Kahoot! is a global learning and engagement platform. Under terms of the agreement Kahoot! shareholders will receive NOK 35.00 cash per share, valuing the transaction at approximately NOK 16.5 billion. The transaction is subject to the tender of at least 90% of Kahoot! shares outstanding, regulatory approvals, and is expected to close in the third quarter of 2023. Announcement Date: 7/14/2023
Chindata Group Holdings Ltd. (CD-$8.06-NASDAQ) received an offer to be acquired by China Merchants Capital. Chindata provides data center solutions in Asia-Pacific countries. Under terms of the agreement Chindata shareholders would receive $9.20 cash per share, valuing the transaction at approximately $1.9 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 7/13/2023
Denbury, Inc. (DEN-$87.91-NYSE) agreed to be acquired by Exxon Mobil Corp. (XOM-$107.24-NYSE). Denbury is an independent energy company with operations focused in the Rocky Mountains and Gulf Coast regions of the U.S. Under terms of the agreement Denbury shareholders will receive 0.84 shares of Exxon common stock per share, valuing the transaction at approximately $4.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 7/13/2023
IMAX China Holdings, Inc. (1970 HK-HKD 9.52-Hong Kong) received an offer to be acquired by IMAX Corp. (IMAX-$18.41-NYSE). IMAX China is an investment holding company that provides digital and motion picture technologies in China, Hong Kong, Macau, and Taiwan. Under terms of the agreement IMAX China shareholders would receive HKD 10.00, valuing the transaction at approximately HKD 1 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 7/13/2023
Beter Bed Holding N.V. (BBED NA-€5.75-Amsterdam) agreed to be acquired by Torqx Capital Partners. Beter Bed sells bedroom furniture in the Netherlands and Belgium. Under terms of the agreement Beter Bed shareholders will receive €6.10 cash per share, valuing the transaction at approximately €200 million. The transaction is subject to the tender of at least 90% of Beter Bed shares outstanding, regulatory approvals, and is expected to close in the first quarter of 2024. Announcement Date: 7/10/2023
American Equity Investment Life Holding Co. (AEL-$52.11-NYSE) received an offer from Brookfield Asset Management Ltd. (BAM-$32.63-NYSE). American Equity sells life insurance products in the U.S. Under terms of the agreement American Equity shareholders would receive $38.85 cash and $16.15 per share in Brookfield Asset Management Ltd. Class A voting shares, valuing the transaction at approximately $3.4 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 6/27/2023
Amedisys, Inc. (AMED-$91.44-NASDAQ) agreed to be acquired by UnitedHealth Group Incorporated (UNH-$480.64-NYSE). Amedisys provides home health, hospice, personal care, and high acuity care services in the U.S. Under terms of the agreement Amedisys shareholders will receive $101.00 cash per share, valuing the transaction at approximately $3.7 billion. Amedisys previously agreed in May to be acquired by Option Care Health, Inc. (OPCH-$32.49-NASDAQ) for 3.0213 shares of Option Care Health common stock per share, valuing the transaction at approximately $3.5 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 6/26/2023
Lookers plc (LOOK LN-£1.19-London) agreed to be acquired by Alpha Auto Group plc. Lookers sells and maintains motor vehicles in the U.K. and Ireland. Under terms of the agreement Lookers shareholders will receive £1.20 cash per share, valuing the transaction at approximately £500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 6/20/2023
DICE Therapeutics, Inc. (DICE-$46.46-NASDAQ) agreed to be acquired by Eli Lilly and Co. (LLY-$468.98-NYSE). DICE is a biopharmaceutical company focused on developing therapies to treat diseases in immunology and other areas. Under terms of the agreement DICE shareholders will receive $48.00 cash per share, valuing the transaction at approximately $1.7 billion. The transaction is subject to the tender of a majority of the shares outstanding, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 6/20/2023
Quotient Technology, Inc. (QUOT-$3.84-NYSE) agreed to be acquired by Neptune Retail Solutions. Quotient is a digital media company that helps promote brands and retailers. Under terms of the agreement Quotient shareholders will receive $4.00 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 6/20/2023
NexTier Oilfield Solutions, Inc. (NEX-$8.94-NYSE) agreed to be acquired by Patterson-UTI Energy, Inc. (PTEN-$11.97-NASDAQ). NexTier provides well completion and production services across various basins. Under terms of the agreement NexTier shareholders will receive 0.752 shares of Patterson-UTI common stock per share, valuing the transaction at approximately $2.1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 6/14/2023
Chinook Therapeutics, Inc. (KDNY-$38.42-NASDAQ) agreed to be acquired by Novartis AG (NOVN SW-CHF90.00-Switzerland). Chinook is a biopharmaceutical company focused on the discovery, development and commercialization of precision medicines for kidney diseases. Under terms of the agreement Chinook shareholders will receive $40.00 cash per share, valuing the transaction at approximately $2.3 billion. The agreement also includes one Contingent Value Right (“CVR”) of up to $4.00 per share. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 6/11/2023
Paratek Pharmaceuticals, Inc. (PRTK-$2.21-NASDAQ) agreed to be acquired by Gurnet Point Capital and Novo Holdings. Paratek is a biopharmaceutical company focused on the development and commercialization of life-saving therapies. Under terms of the agreement Paratek shareholders will receive $2.15 cash per share, valuing the transaction at approximately $300 million. The agreement also includes one Contingent Value Right (“CVR”) of up to $0.85 per share. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 6/6/2023
CIRCOR International, Inc. (CIR-$56.45-NYSE) agreed to be acquired by Kohlberg Kravis Roberts & Co. L.P. CIRCOR designs, manufactures, and distributes flow and motion control products globally. Under terms of the original agreement, dated June 5, 2023, CIRCOR shareholders would have received $49.00 cash per share, for approximately $1.4 billion. Later, on June 27, 2023, under Amendment No. 1, CIRCOR agreed to be acquired by KKR under improved terms of $51.00 cash per share, after CIRCOR received an unsolicited bid of $52.65 cash per share from an unnamed third party. Subsequently, on June 28, 2023, Arcline Investment Management LP was revealed as the unnamed third party with an all-cash proposal to buy CIRCOR for $57.00 cash per share. In response, on June 29, 2023, under Amendment No. 2, CIRCOR entered an agreement to be acquired by KKR for $56.00 cash per share, valuing the transaction at approximately $1.6 billion. CIRCOR accepted KKR’s lower price due to more certain financing and a better antitrust profile. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 6/5/2023
Dechra Pharmaceuticals plc (DPH LN-£36.86-London) agreed to be acquired by EQT and Abu Dhabi Investment Authority. Dechra is a global veterinary pharmaceuticals and products business. Under terms of the agreement Dechra shareholders will receive £38.75 cash per share, valuing the transaction at approximately £4.8 billion. The transaction is subject to a 75% shareholder vote, as well as regulatory approvals. The deal is expected to close in the first quarter of 2024. Announcement Date: 6/1/2023
Desktop Metal, Inc. (DM-$1.86-NYSE) agreed to be acquired by Stratasys Ltd. (SSYS-$14.55-NASDAQ). Desktop Metal manufactures and sells additive manufacturing technology for designers, manufacturers, and engineers globally. Under terms of the agreement Desktop Metal shareholders will receive 0.123 shares of Stratasys common stock per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 5/25/2023. Separately, Stratasys Ltd. (SSYS-$14.55-NASDAQ) rejected an unsolicited offer by Nano Dimension Ltd. (NNDM-$2.41-NASDAQ) to acquire between 38.8% and 40.8% in a special tender offer. Nano Dimensions provides additive electronics in Israel and globally. Under terms of the agreement Stratasys shareholders would have received $18.00 cash per share, valuing the transaction at approximately $500 million. The proposals are under review, and we continue to monitor the situation. Announcement Date: 5/25/2023
Embark Technology, Inc. (EMBK-$2.79-NASDAQ) agreed to be acquired by Applied Intuition. Embark develops autonomous driving solutions for the trucking industry in the U.S. Under terms of the agreement Embark shareholders will receive $2.88 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 5/25/2023
The Necessity Retail REIT, Inc. (RTL-$6.39-NASDAQ) agreed to be acquired by Global Net Lease, Inc. (GNL-$9.62-NYSE). Necessity Retail is a real estate investment trust that manages a portfolio of necessity-based retail and open-air shopping center properties in the U.S. Under terms of the agreement Necessity Retail shareholders will receive 0.67 shares of Global Net common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 5/24/2023
PDC Energy, Inc. (PDCE-$68.62-NASDAQ) agreed to be acquired by Chevron Corp. (CVX-$150.62-NYSE). PDC is an independent exploration and production company that produces crude oil, natural gas, and natural gas liquids in the U.S. Under terms of the agreement PDC shareholders will receive 0.4638 shares of Chevron common stock per share, valuing the transaction at approximately $6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 5/22/2023
Greenhill & Co., Inc. (GHL-$14.48-NYSE) agreed to be acquired by Mizuho Financial Group, Inc. (8411 JP-¥2,053.00-Tokyo). Greenhill is an independent investment bank that provides financial and strategic advisory services to corporations, partnerships, institutional investors, and governments worldwide. Under terms of the agreement Greenhill shareholders will receive $15.00 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 5/22/2023
VectivBio Holding AG (VECT-$16.55-NASDAQ) agreed to be acquired by Ironwood Pharmaceuticals, Inc. (IRWD-$10.88-NASDAQ). VectivBio is a clinical stage biopharmaceutical company that focuses on the discovery, development, and commercialization of medicines for rare conditions. Under terms of the agreement VectiveBio shareholders will receive $17.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to the tender of at least 80% of VectivBio shares outstanding as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 5/22/2023
SciPlay Corp. (SCPL-$19.39-NASDAQ) received an offer to be acquired by Light & Wonder, Inc. (LNW-$58.29-NASDAQ). SciPlay develops and operates a portfolio of games for mobile and web-based platforms in the U.S. and abroad. Under terms of the offer SciPlay shareholders would receive $20.00 cash per share for the remaining 17% interest Light & Wonder does not already own, valuing the transaction at approximately $400 million. The proposal is under review, and we continue to monitor the situation. Announcement Date: 5/18/2023
Urstadt Biddle Properties, Inc. (UBA-$19.35-NYSE) agreed to be acquired by Regency Centers Corp. (REG-$56.27-NASDAQ). Urstadt is a real estate investment trust that owns or has equity ownership in 77 properties for approximately 5.3 million square feet of space. Under terms of the agreement Urstadt shareholders will receive 0.347 shares of Regency common stock per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 5/17/2023
eMagin Corp. (EMAN-$1.99-NYSE American) agreed to be acquired by Samsung Electronics Co., Ltd. (005930 KS-71,400.00 KRW-Busan). eMargin designs, develops, manufactures, and sells organic light emitting diode miniature displays on-silicon micro displays in the U.S. and abroad. Under terms of the agreement eMargin shareholders will receive $2.08 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 5/17/2023
Newcrest Mining Ltd. (NCM AU-A$25.69-Sydney) agreed to be acquired by Newmont Corp. (NEM-$40.55-NYSE). Newcrest explores, develops, and operates mines for the sale of gold and copper concentrates. Under terms of the agreement Newcrest shareholders will receive 0.40 shares of Nemont common stock per share and up to USD $1.10 cash per share in special dividends, valuing the transaction at approximately USD $19 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 5/15/2023
NeoGames S.A. (NGMS-$27.27-NASDAQ) agreed to be acquired by Aristocrat Leisure Ltd. (ALL AU-A$37.15-Sydney). NeoGames provides online lotteries and games through personal computers, smartphones, and handheld devices. Under terms of the agreement NeoGames shareholders will receive $29.50 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 5/15/2023
Magellan Midstream Partners, L.P. (MMP-$60.21-NYSE) agreed to be acquired by ONEOK, Inc. (OKE-$56.66-NYSE). Magellan transports, stores, and distributes crude oil and petroleum products in the U.S. Under terms of the agreement Magellan shareholders will receive $25.00 cash and 0.667 shares of ONEOK common stock per share, valuing the transaction at approximately $14 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 5/14/2023
Absolute Software Corp. (ABST-$11.21-NASDAQ) agreed to be acquired by a Cross Point Capital Partners. Absolute Software creates and provides software services for the management and security of computers, applications, data, and networks for a variety of organizations. Under terms of the agreement Absolute Software shareholders will receive $11.50 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to a 66.7% vote from Absolute Software shareholders, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 5/11/2023
Syneos Health, Inc. (SYNH-$41.60-NASDAQ) agreed to be acquired by a Consortium of Private Equity Buyers. Syneos is an integrated biopharmaceutical company that provides clinical and commercial solutions. Under terms of the agreement Syneos shareholders will receive $43.00 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 5/10/2023
Livent Corp. (LTHM-$23.05-NYSE) agreed to be acquired by Allkem Ltd. (AKE AU-A$14.85-Sydney). Livent manufactures and sells lithium compounds used in lithium-based batteries, specialty polymers, and chemical applications in the U.S. and abroad. Under terms of the agreement Livent shareholders will receive 2.406 shares of NewCo common stock per share, valuing the transaction at approximately $6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 5/10/2023
Franchise Group, Inc. (FRG-$29.10-NASDAQ) agreed to be acquired in a go-private transaction led by Brian Kahn, the company’s CEO, in financial partnership with a consortium that includes B. Riley Financial, Inc. (RILY-$36.18-NASDAQ) and Irradiant Partners. The Franchise Group operates the Vitamin Shoppe, Pet Supplies Plus, Badcock, American Freight, Buddy’s, and Sylvan. Under terms of the agreement Franchise Group shareholders will receive $30.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 5/10/2023
CTI BioPharma Corp. (CTIC-$9.05-NASDAQ) agreed to be acquired by Swedish Orphan Biovitrum AB (SOBI SS-SEK 221.60-Stockholm). CTI is a biopharmaceutical company that focuses on the acquisition, development, and commercialization of novel therapies for blood-related cancers in the U.S. Under terms of the agreement CTI shareholders will receive $9.10 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to the tender of at least 50% of CTI shares outstanding, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 5/10/2023
Arconic Corp. (ARNC-$28.91-NYSE) agreed to be acquired by Apollo Global Management, Inc. (APO-$66.85-NYSE). Arconic produces and sells fabricated aluminum sheets, plates, extrusions, and architectural products in the U.S. and abroad. Under terms of the agreement Arconic shareholders will receive $30.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 5/4/2023
GAM Holding AG (GAM SW-CHF 0.5640-Zurich) agreed to be acquired by Liontrust Asset Management PLC (LIO LN-£754.50-London). GAM manages focused equity and fixed income portfolios for institutions, financial intermediaries and private investors. Under terms of the agreement GAM shareholders will receive 0.0589 shares of Liontrust common stock per share, valuing the transaction at approximately CHF 100 million. The transaction is subject to the tender of at least 66.7% of GAM shares outstanding, a vote from Liontrust shareholders, and regulatory approvals. The transaction is expected to close in the fourth quarter of 2023. Announcement Date: 5/4/2023
Ruth’s Hospitality Group, Inc. (RUTH-$21.43-NASDAQ) agreed to be acquired by Darden Restaurants, Inc. (DRI-$158.52-NYSE). Ruth’s Hospitality Group is the owner of award-winning steak house, Ruth’s Chris, and the company operates 154 locations around the world. Under terms of the agreement Ruth’s shareholders will receive $21.50 cash per share, valuing the transaction at approximately $700 million. The transaction is subject to the tender of 50% of shares outstanding, as well as regulatory approvals and is expected to close in June of 2023. Announcement Date: 5/3/2023
Amedisys, Inc. (AMED-$75.93-NASDAQ) agreed to be acquired by Option Care Health, Inc. (OPCH-$27.55-NASDAQ). Amedisys provides home health, hospice, personal care, and high acuity care services in the U.S. Under terms of the agreement Amedisys shareholders will receive 3.0213 shares of Option Care Health common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 5/3/2023
IVERIC bio, Inc. (ISEE-$37.75-NASDAQ) agreed to be acquired by Astellas Pharma Inc. (4503 JP-¥2,207.50-Tokyo). IVERIC is a biopharmaceutical company that develops treatments for retinal diseases. Under terms of the agreement IVERIC shareholders will receive $40.00 cash per share, valuing the transaction at approximately $6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 5/1/2023
Vilmorin & Cie SA (RIN FP-€43.05-Paris) agreed to be acquired by Group Limagrain. Vilmorin creates, produces, and distributes vegetable and field seeds. Under terms of the agreement Vilmorin shareholders will receive €62.60 cash per share, valuing the transaction at approximately €1 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 4/28/2023
Numis Corp. plc (NUM LN-£3.41-London)agreed to be acquired by Deutsche Bank AG (DB-$11.01-NYSE). Numis provides investment banking services in the U.K., U.S., and Ireland. Under terms of the agreement Numis shareholders will receive £3.39 cash per share, an interim dividend of 6 pence per Numis share for the six months ended March 31, 2023, and an additional interim dividend of 5 pence per Numis share (conditional upon the transaction becoming effective). The total value of the transaction approximately £400 million, and it is subject to a 75% shareholder vote, as well as regulatory approvals. The deal is expected to close in the fourth quarter of 2023. Announcement Date: 4/28/2023
Medica Group plc (MGP LN-£2.13-London) agreed to be acquired by IK Partners. Medica provides teleradiology reporting services to NHS trusts, private hospital groups, and diagnostic imaging companies in the U.K., Ireland, and the U.S. Under terms of the agreement Medica shareholders will receive £2.12 cash per share, valuing the transaction at approximately £300 million. The transaction is subject to a 75% shareholder vote, as well as regulatory approvals. The deal is expected to close in the third quarter of 2023. Announcement Date: 4/24/2023
Software AG (SOW GY-€30.90-Hanover) agreed to be acquired by Silver Lake. Software AG develops enterprise software for business process management, integration, and big data analytics. Under terms of the agreement Software AG shareholders will receive €30.00 cash per share, valuing the transaction at approximately €2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 4/24/2023
Rovio Entertainment Oyj (ROVIO FH-€9.31-Helsinki) agreed to be acquired by Sega Sammy Holdings, Inc. (6460 JP-¥2,536.00-Tokyo). Rovio creates, develops, and publishes mobile games in the U.S., Latin America, Europe, Middle East, Africa, and Asia Pacific. Under terms of the agreement Rovio shareholders will receive €9.25 cash per share, valuing the transaction at approximately €700 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 4/17/2023
Prometheus Biosciences, Inc. (RXDX-$193.95-NASDAQ)agreed to be acquired by Merck & Co., Inc. (MRK-$115.47-NYSE). Prometheus is a clinical-stage biotechnology company that engages in the discovery, development, and commercialization of novel therapeutics for the treatment of inflammatory bowel diseases. Under terms of the agreement Prometheus shareholders will receive $200.00 cash per share, valuing the transaction at approximately $10 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 4/16/2023
Industrials REIT Ltd. (MLI LN-£1.67-London) agreed to be acquired by Blackstone Inc. (BX-$89.33-NYSE). Industrials REIT invests in a diversified portfolio of U.K. multi-let industrial properties. Under terms of the agreement Industrial REIT shareholders will receive £1.68 pence per share, valuing the transaction at approximately £500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2023. Announcement Date: 4/14/2023
National Instruments Corp. (NATI-$58.23-NASDAQ) agreed to be acquired by Emerson Electric Co. (EMR-$83.26-NYSE). National Instruments offers a software platform to engineers and scientists worldwide. Under terms of the agreement National Instruments shareholders will receive $60.00 cash per share, valuing the transaction at approximately $8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 4/12/2023
TESSCO Technologies, Inc. (TESS-$8.78-NASDAQ) agreed to be acquired by Lee Equity Partners and Twin Point Capital. TESSCO manufactures and distributes technology products and solutions for the wireless infrastructure market in the U.S. and abroad. Under terms of the agreement TESSCO shareholders will receive $9.00 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 4/12/2023
Triton International Ltd. (TRTN-$82.67-NYSE) agreed to be acquired by Brookfield Infrastructure Corp. (BIPC-$42.60-NYSE). Triton acquires, leases, re-leases, and sells various forms of intermodal containers and chassis to shipping lines, freight forwarding companies, and manufacturers. Under terms of the agreement Triton shareholders will receive $68.50 cash and $16.50 in class A shares of Brookfield Infrastructure Corp., valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 4/12/2023
Diversified Healthcare Trust (DHC-$0.91-NASDAQ) agreed to be acquired by Office Properties Income Trust (OPI-$6.52-NASDAQ). Diversified Healthcare is a real estate investment trust (or “REIT”) that owns medical office, life science, senior living, and wellness center properties throughout the U.S. Under terms of the agreement Diversified Healthcare shareholders will receive 0.147 shares of Office Properties common stock per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 4/11/2023
Heska Corp. (HSKA-$117.16-NASDAQ) agreed to be acquired by Mars Corp. Heska manufactures and sells diagnostic and specialty products and solutions for veterinary practitioners in North America, Europe, and parts of Asia. Under terms of the agreement Heska shareholders will receive $120.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 4/3/2023
Life Storage, Inc. (LSI-$134.38-NYSE) agreed to be acquired by Extra Space Storage, Inc. (EXR-$152.04-NYSE). Life Storage operates 900+ self-administered and self-managed equity REITs in 30 states and Ontario, Canada. Under terms of the agreement Life Storage shareholders will receive 0.8950 shares of Extra Space common stock per share, valuing the transaction at approximately $12 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 4/3/2023
Berkshire Grey, Inc. (BGRY-$1.38-NASDAQ) agreed to be acquired by SoftBank Corp. (9434 JP-¥1,529.00-Tokyo). Berkshire Grey is an intelligence enterprise company whose AI-enabled robotic technologies help retail, eCommerce, grocery, 3PL, and package handling companies with supply chain management. Under terms of the agreement Berkshire Grey shareholders will receive $1.40 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 3/24/2023
Toshiba Corp. (6502 JP-¥4,445.00-Tokyo) agreed to be acquired by Consortium of Investors led by Japan Industrial Partners. Toshiba provides electronic devices and storage solutions worldwide. Under terms of the agreement Toshiba shareholders will receive ¥4,620 cash per share, valuing the transaction at approximately ¥2 trillion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals. No closing guidance has been provided at this time. Announcement Date: 3/23/2023
Ordina NV (ORDI NA-€5.96-Amsterdam) agreed to be acquired by Sopra Steria Group SA (SOPR FP-€193.30-Paris). Ordina develops, implements, and designs software and IT solutions in the Netherlands, Belgium, and Luxembourg. Under terms of the agreement Ordina shareholders will receive €5.75 cash per share, valuing the transaction at approximately €500 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 3/21/2023
Telenet Group Holding NV (TNET BB-€20.94-Brussels) agreed to be acquired by Liberty Global plc (LBTYA-$19.50-NASDAQ). Telenet provides video services to residential and business customers in Belgium and Luxembourg. Under terms of the agreement Telenet shareholders will receive €22.00 cash per share, valuing the transaction at approximately €2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals. No closing guidance has been provided at this time. Announcement Date: 3/21/2023
U.S. Xpress Enterprises, Inc. (USX-$5.94-NYSE) agreed to be acquired by Knight-Swift Transportation Holdings Inc. (KNX-$56.58-NYSE). U.S. Xpress offers over-the-road trucking and contract services primarily in the U.S. Under terms of the agreement U.S. Xpress shareholders will receive $6.15 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 3/21/2023
Credit Suisse Group AG (CSGN SW-CHF 0.8226-Zurich)agreed to be acquired by UBS Group AG (UBS SW-CHF 19.29-Zurich). Credit Suisse provides a variety of financial services internationally. Under terms of the agreement Credit Suisse shareholders will receive 0.0445 shares of UBS common stock per share, valuing the transaction at approximately CHF 3 billion. The transaction is subject to regulatory approval outside of Switzerland and is expected to close in the second quarter of 2023. Announcement Date: 3/19/2023
Hyve Group plc (HYVE LN-£112.60-London)agreed to be acquired by Providence Equity Partners. Hyve organizes trade exhibits, conferences, and related services in the U.K., Asia, Europe, and U.S. Under terms of the agreement Hyve shareholders will receive £108.00 cash per share, valuing the transaction at approximately £300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2023. Announcement Date: 3/15/2023
Cvent Holding Corp. (CVT-$8.36-NASDAQ)agreed to be acquired by Blackstone, Inc. (BX-$87.84-NYSE). Cvent provides a cloud-based marketing, management, and hospitality platform for events and meetings in the U.S. and internationally. Under terms of the agreement Cvent shareholders will receive $8.50 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 3/14/2023
Momentive Global, Inc. (MNTV-$9.32-NASDAQ) agreed to be acquired by Symphony Technology Group. Momentive, under the SurveyMonkey brand, helps businesses gather stakeholder feedback. Under terms of the agreement Momentive shareholders will receive $9.46 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 3/14/2023
Univar Solutions, Inc. (UNVR-$35.03-NYSE) agreed to be acquired by Apollo Global Management, Inc. (APO-$63.16-NYSE). Univar distributes and provides commodity and specialty chemical products and services globally. Under terms of the agreement Univar shareholders will receive $36.15 cash per share, valuing the transaction at approximately $6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 3/14/2023
Provention Bio, Inc. (PRVB-$24.10-NASDAQ) agreed to be acquired by Sanofi (SNY-$54.42-NASDAQ). Provention Bio focuses on the development and commercialization of therapeutics and solutions to prevent immune-mediated diseases. Under terms of the agreement Provention Bio shareholders will receive $25.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval. It is expected to close in the second quarter of 2023. Announcement Date: 3/13/2023
Qualtrics International Inc. (XM-$17.83-NASDAQ) agreed to be acquired by a Consortium of Investors led by Silver Lake and the Canada Pension Plan Investment Board. Qualtrics’ experience management platform is designed to manage customer, employee, product, and brand experiences worldwide. Under terms of the agreement Qualtrics shareholders will receive $18.15 cash per share, valuing the transaction at approximately $11 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 3/13/2023
Seagen Inc. (SGEN-$202.47-NASDAQ) agreed to be acquired by Pfizer Inc. (PFE-$40.80-NYSE). Seagen develops and commercializes therapies for the treatment of cancer in the U.S. and internationally. Under terms of the agreement Seagen shareholders will receive $229.00 cash per share, valuing the transaction at approximately $43 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 3/13/2023
Diversey Holdings, Ltd. (DSEY-$8.09-NASDAQ) agreed to be acquired by Solenis. Diversey provides solutions for infection cleaning and prevention worldwide. Under terms of the agreement Diversey shareholders will receive $8.40 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 3/8/2023
Kimball International, Inc. (KBAL-$12.40-NASDAQ) agreed to be acquired by HNI Corp. (HNI-$27.84-NYSE). Kimball manufactures and sells furniture products in the U.S. and internationally. Under terms of the agreement Kimball shareholders will receive $9.00 cash and 0.1301 shares of HNI common stock per share, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 3/8/2023
Radius Global Infrastructure, Inc. (RADI-$14.67-NASDAQ) agreed to be acquired by a Consortium of Investors led by EQT and the Public Sector Pension Investment Board. Radius aggregates rental streams from wireless and communication infrastructure sites by acquiring real property interests and contractual rights in the U.K., U.S., Italy, and other European countries. Under terms of the agreement Radius shareholders will receive $15.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 3/1/2023
Ranger Oil Corp. (ROCC-$41.50-NASDAQ) agreed to be acquired by Baytex Energy Corp. (BTE CN-C$5.26-Toronto). Ranger engages in the onshore exploration, development, and production of crude oil, natural gas, and natural gas liquids in the U.S. Under terms of the agreement Ranger shareholders will receive $13.31 cash and 7.49 shares of Baytex common stock per share, valuing the transaction at approximately $2.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2023. Announcement Date: 2/28/2023
Broadmark Realty Capital, Inc. (BRMK-$5.10-NYSE) agreed to be acquired by Ready Capital Corp. (RC-$11.26-NYSE). Broadmark underwrites, funds, services, and manages a portfolio of short-term residential and commercial construction and development loans. Under terms of the agreement Broadmark shareholders will receive 0.4723 shares of Ready Capital common stock per share, valuing the transaction at approximately $800 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2023. Announcement Date: 2/27/2023
Focus Financial Partners, Inc. (FOCS-$51.86-NASDAQ) received an offer to be acquired by Clayton, Dubilier & Rice, LLC. Focus provides wealth management, investment advice, financial and tax planning, consulting, tax return preparation, and family office services to ultra-high and high net worth individuals, families, and business entities. Under terms of the offer Focus shareholders will receive $53.00 cash per share, valuing the transaction at approximately $7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 2/27/2023
Uni-Select, Inc. (UNS CN-C$47.38-Toronto) agreed to be acquired by LKQ Corp. (LKQ-$57.29-NASDAQ). Uni-Select distributes automotive refinish and industrial coating related products in the U.S. Under terms of the agreement Uni-Select shareholders will receive C$48.00 cash per share, valuing the transaction at approximately C$3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 2/27/2023
INDUS Realty Trust, Inc. (INDT-$66.53-NASDAQ) agreed to be acquired by Centerbridge Partners and GIC Real Estate. Indus is a real estate business that develops, acquires, manages, and leases industrial/warehouse properties. Under terms of the agreement Indus shareholders will receive $67.00 cash per share, valuing the transaction at approximately $900 million. Indus had previously received an offer to be acquired by Centerbridge in November 2022 for $65.00 cash per share. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 2/22/2023
TravelCenters of America, Inc. (TA-$84.35-NASDAQ) agreed to be acquired by BP plc (BP-$39.60-NYSE). TravelCenters operates travel centers, truck service facilities, and restaurants in the U.S. and Canada. Under terms of the agreement TravelCenters shareholders will receive $86.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 2/16/2023
Sabina Gold & Silver Corp. (SBB CN-C$1.77-Toronto) agreed to be acquired by B2Gold Corp. (BTO CN-C$4.66-Toronto). Sabina is a precious metal company that engages in the acquisition, exploration, and development of mineral resource properties in Canada. Under terms of the agreement Sabina shareholders will receive 0.3867 shares of B2Gold common stock per share, valuing the transaction at approximately C$1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2023. Announcement Date: 2/13/2023
Velan, Inc. (VLN CN-C$12.74-Toronto) agreed to be acquired by Flowserve Corp. (FLS-$34.69-NYSE). Velan designs, manufactures, and markets industrial valves worldwide. Under terms of the agreement Velan shareholders will receive C$13.00 cash per share, valuing the transaction at approximately C$300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2023. Announcement Date: 2/10/2023
Cardiovascular Systems, Inc. (CSII-$19.71-NASDAQ) agreed to be acquired by Abbot Laboratories (ABT-$101.72-NYSE). Cardiovascular Systems develops and commercializes solutions to treat peripheral and coronary artery diseases in the U.S. and abroad. Under terms of the agreement Cardiovascular Systems’ shareholders will receive $20.00 cash per share, valuing the transaction at approximately $900 million. The transaction is subject to shareholder, as well as regulatory approvals. No closing guidance has been provided at this time. Announcement Date: 2/9/2023
NuVasive, Inc. (NUVA-$43.23-NASDAQ) agreed to be acquired by Globus Medical, Inc. (GMED-$58.34-NYSE). NuVasive develops, manufactures, and sells procedural solutions for spine surgery. Under terms of the agreement NuVasive shareholders will receive 0.75 shares of Globus Medical common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 2/9/2023
Sumo Logic, Inc. (SUMO-$11.87-NASDAQ) agreed to be acquired by Francisco Partners. Sumo Logic is a software-as-a-service platform that helps companies address digital transformation, modern applications, and cloud computing. Under terms of the agreement Sumo Logic shareholders will receive $12.05 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2023. Announcement Date: 2/9/2023
Argo Group International Holdings Ltd. (ARGO-$29.05-NYSE) agreed to be acquired by Brookfield Reinsurance Ltd. (BNRE-$33.41-NYSE). Argo underwrites property and casualty insurance and reinsurance products. Under terms of the agreement Argo shareholders will receive $30.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 2/8/2023
Oak Street Health, Inc. (OSH-$35.40-NYSE) agreed to be acquired by CVS Health Corp. (CVS-$83.54-NYSE). Oak Street operates primary care centers for Medicare beneficiaries. Under terms of the agreement Oak Street shareholders will receive $39.00 cash per share, valuing the transaction at approximately $11 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in 2023. Announcement Date: 2/8/2023
Atlas Technologies Consultants, Inc. (ATCX-$12.13-NASDAQ) agreed to be acquired by GI Partners. Atlas provides professional testing, inspection, engineering, environmental, program management, and consulting services in the U.S. Under terms of the agreement Atlas shareholders will receive $12.25 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2023. Announcement Date: 1/31/2023
IAA, Inc. (IAA-$41.73-NYSE) agreed to be acquired by Ritchie Bros. Auctioneers, Inc. (RBA-$60.47-NYSE). IAA is a digital marketplace that facilitates the marketing and sale of total loss, damaged, and low-value vehicles. Under terms of the agreement IAA shareholders will receive $12.80 cash, 0.5252 shares of Ritchie Bros. common stock per share, and a $1.08 special dividend (contingent on closing), valuing the transaction at approximately $7 billion. Ritchie Bros. had previously offered to acquire IAA in November 2022 for $10.00 cash and 0.5804 shares of Ritchie Bros. common stock per share. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 1/23/2023
Evoqua Water Technologies Corp. (AQUA-$48.51-NYSE) agreed to be acquired by Xylem, Inc. (XYL-$104.01-NYSE). Evoqua provides water and wastewater treatment systems and technologies, mobile and emergency water supply solutions, and contract services for industrial, commercial, and municipal water treatment markets in the U.S. and internationally. Under terms of the agreement Evoqua shareholders will receive 0.48 shares of Xylem common stock per share, valuing the transaction at approximately $8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 1/23/2023
Magnet Forensics, Inc. (MAGT CN-$44.00-Toronto) agreed to be acquired by Thoma Bravo. Magnet develops software used for digital forensics investigations for the public sector and private enterprises in Canada, U.S., Australia, and Europe. Under terms of the agreement Magnet shareholders will receive C$44.25 cash per share, valuing the transaction at approximately C$1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2023. Announcement Date: 1/20/2023
Concert Pharmaceuticals, Inc. (CNCE-$8.34-NASDAQ) agreed to be acquired by Sun Pharmaceutical Industries Ltd. (SUNP IN-INR 1,034.50-Mumbai). Concert is a clinical stage biopharmaceutical company that develops novel small molecule drugs for the treatment of autoimmune diseases. Under terms of the agreement Concert shareholders will $8.00 cash per share, valuing the transaction at approximately $600 million. The agreement also includes one Contingent Value Right (“CVR”) of up to $3.50 per share. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 1/19/2023
Volta Inc. (VLTA-$0.8580-NASDAQ) agreed to be acquired by Shell plc (SHEL L-£58.41-London). Volta operates a network of smart media-enabled charging stations for electric vehicles in the U.S. Under terms of the agreement Volta shareholders will receive $0.86 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 1/18/2023
Albireo Pharma, Inc. (ALBO-$44.66-NASDAQ) agreed to be acquired by Ipsen S.A. (IPN PA-€96.80-Paris). Albireo is a commercial-stage biopharmaceutical company focused on the development and commercialization of bile acid modulators to treat orphan pediatric liver diseases and other gastrointestinal diseases and disorders. Under terms of the agreement Albireo shareholders will receive $42.00 cash per share, valuing the transaction at approximately $1 billion. The agreement also includes one Contingent Value Right (“CVR”) of up to $10.00 per share. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 1/09/2023
Canaccord Genuity Group, Inc. (CF TO-C$11.51-Toronto) received an offer to be acquired by Company Management. Canaccord is a full-service financial services company that provides investment products, investment banking, and brokerage services to institutional, corporate, and private clients. Under terms of the offer Canaccord shareholders would receive C$11.25 cash per share, valuing the transaction at approximately C$1 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 1/09/2023
CinCor Pharma, Inc. (CINC-$28.93-NASDAQ) agreed to be acquired by AstraZeneca plc (AZN L-£10,710.00-London). CinCor is a clinical-stage biopharmaceutical company engaged in the development of drugs for the treatment of cardio-renal diseases. Under terms of the agreement CinCor shareholders will receive $26.00 cash per share, valuing the transaction at approximately $2 billion. The agreement also includes one Contingent Value Right (“CVR”) of up to $10.00 per share. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 1/09/2023
Duck Creek Technologies, Inc. (DCT-$18.93-NASDAQ) agreed to be acquired by Vista Equity Partners. Duck Creek provides software-as-a-service core systems to property and casualty insurers in the U.S. and internationally. Under terms of the agreement Duck Creek shareholders will receive $19.00 cash per share, valuing the transaction at approximately $2.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2023. Duck Creek is also permitted to solicit superior bids from parties during a “go shop” period which ends on February 7, 2023. Announcement Date: 1/09/2023
Paya Holdings, Inc. (PAYA-$9.72-NASDAQ) agreed to be acquired by Nuvei Corp. (NVEI TO-C$46.97-Toronto). Paya is an independent integrated payments platform that provides credit, debit, ACH, and check payment clearing services for B2B goods and services, healthcare, faith-based, non-profit, government, utility, and education markets. Under terms of the agreement Paya shareholders will receive $9.75 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 1/09/2023
Amryt Pharma plc (AMYT-$14.63-NASDAQ) agreed to be acquired by Chiesi Farmaceutici S.p.A. Amryt is a commercial-stage biopharmaceutical company focused on the acquisition, development, and commercialization of various treatments to help improve the lives of patients with rare and orphan diseases. Under terms of the agreement Amryt shareholders will receive $14.50 cash per share, valuing the transaction at approximately $1.5 billion. The agreement also includes one Contingent Value Right (“CVR”) of up to $2.50 per share. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 1/08/2023
DCP Midstream, LP (DCP-$42.04-NYSE) agreed to be acquired by Phillips 66 (PSX-$100.27-NYSE). DCP owns, operates, acquires, and develops a portfolio of midstream energy assets in the U.S. Under terms of the agreement DCP shareholders will receive $41.75 cash per unit, valuing the transaction at approximately $4 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 1/06/2023
Arena Minerals, Inc. (AN CN-C$0.56-Toronto) agreed to be acquired by Lithium Americas Corp. (LAC-$18.95-NYSE). Arena engages in the acquisition, exploration, and development of mineral properties in South America. Under terms of the agreement Arena shareholders will receive 0.0226 shares of Lithium common stock per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 12/20/2022
Aerojet Rocketdyne Holdings, Inc. (AJRD-$55.93-NYSE) agreed to be acquired by L3Harris Technologies, Inc. (LHX-$208.21-NYSE). Aerojet designs, develops, manufactures, and sells aerospace and defense products and systems in the U.S. Under terms of the agreement Aerojet shareholders will receive $58.00 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in 2023. Announcement Date: 12/18/2022
Maxar Technologies, Inc. (MAXR-$51.74-NYSE) agreed to be acquired by Advent International. Maxar provides earth intelligence and space infrastructure solutions in the U.S., Asia, South America, Europe, Middle East, Australia, Canada, and internationally. Under terms of the agreement Maxar shareholders will receive $53.00 cash per share, valuing the transaction at approximately $6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2023. Announcement Date: 12/16/2022
Trean Insurance Group, Inc. (TIG-$6.00-NASDAQ) agreed to be acquired by Altaris Capital Partners. Trean underwrites workers’ compensation, accident, health, and medical professional liability products. Under terms of the agreement Trean shareholders will receive $6.15 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 12/16/2022
K3 Capital Group plc (K3C LN-£343.00-London) agreed to be acquired by Sun Capital Partners. K3 provides tax, restructuring, business sale, and other professional advisory services in the U.K. and internationally. Under terms of the agreement K3 shareholders will receive £350.00 cash per share, valuing the transaction at approximately £300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 12/15/2022
The Community Financial Corp. (TCFC-$39.90-NASDAQ) agreed to be acquired by Shore Bancshares, Inc. (SHBI-$17.43-NASDAQ). Community Financial is the bank holding company for Community Bank of the Chesapeake and provides commercial and retail banking services to individuals and businesses. Under terms of the agreement Community Financial shareholders will receive 2.3287 shares of Shore common stock per share, valuing the transaction at approximately $250 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 12/14/2022
Malvern Bancorp, Inc. (MLVF-$17.75-NASDAQ) agreed to be acquired by First Bank (FRBA-$13.76-NASDAQ). Malvern is the bank holding company for Malvern Bank and provides banking products and services to consumers and businesses in Pennsylvania. Under terms of the agreement Malvern shareholders will receive $7.80 cash and 0.7733 shares of First Bank common stock per share, valuing the transaction at approximately $150 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2023. Announcement Date: 12/14/2022
Waterloo Brewing Ltd. (WBR CN-C$3.97-Toronto) agreed to be acquired by Carlsberg A/S (CARL B DC-DDK 923.20-Copenhagen). Waterloo produces and sells premium beer under the Waterloo brand name and value beer under the Laker and Red Cap brands. Under terms of the agreement Waterloo shareholders will receive C$4.00 cash per share, valuing the transaction at approximately C$150 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 12/14/2022
Chr. Hansen Holding A/S (CHR DC-DKK 499.70-Copenhagen) agreed to be acquired by Novozymes A/S (NZYM DC-DKK 351.90-Copenhagen). Chr. Hansen is a bioscience company that develops natural ingredient solutions for food, nutritional, pharmaceutical, and agricultural industries globally. Under terms of the agreement Chr. Hansen shareholders will receive 1.5326 shares of Novozyme common stock per share, valuing the transaction at approximately DKK 94 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2024. Announcement Date: 12/12/2022
Coupa Software, Inc. (COUP-$79.17-NASDAQ) agreed to be acquired by Thoma Bravo. Coupa is a cloud-based spend management platform that provides insight into how companies spend money, optimize supply chains, manage liquidity, and drive profitability. Under terms of the agreement Coupa shareholders will receive $81.00 cash per share, valuing the transaction at approximately $8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 12/12/2022
Horizon Therapeutics plc (HZNP-$113.80-NASDAQ) agreed to be acquired by Amgen, Inc. (AMGN-$262.64-NASDAQ). Horizon is a biotechnology company that focuses on the discovery, development, and commercialization of medicines for rare, autoimmune, and severe inflammatory diseases. Under terms of the agreement Horizon shareholders will receive $116.50 cash per share, valuing the transaction at approximately $28 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 12/12/2022
Weber, Inc. (WEBR-$8.05-NYSE) agreed to be acquired by BDT Capital Partners. Weber manufactures and distributes outdoor cooking products, accessories, consumables, and services in U.S., Europe, Australia, and internationally. Under terms of the agreement Weber shareholders will receive $8.05 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 12/12/2022
Vivint Smart Home, Inc. (VVNT-$11.90-NYSE) agreed to be acquired by NRG Energy, Inc. (NRG-$31.82-NYSE). Vivint sells, installs, services, and monitors smart home and security systems in the U.S. and Canada. Under terms of the agreement Vivint shareholders will receive $12.00 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2023. Announcement Date: 12/06/2022
Salisbury Bancorp, Inc. (SAL-$31.40-NASDAQ) agreed to be acquired by NBT Bancorp, Inc. (NBTB-$43.42-NASDAQ). Salisbury is the bank holding company for Salisbury Bank and Trust Company that provides commercial banking, consumer financing, retail banking, and trust and wealth advisory services to its network of 14 banking offices in CT, NY, and MA. Under terms of the agreement Salisbury shareholders will receive 0.745 shares of NBT Bancorp common stock per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2023. Announcement Date: 12/05/2022
Apollo Endosurgery, Inc. (APEN-$10.13-NASDAQ) agreed to be acquired by Boston Scientific Corp. (BSX-$45.27-NYSE). Apollo is a medical technology company that focuses on the design, development, and commercialization of medical devices. Under terms of the agreement Apollo shareholders will receive $10.00 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 11/29/2022
INDUS Realty Trust, Inc. (INDT-$64.00-NASDAQ) received an offer to be acquired by Centerbridge Partners. Indus is a real estate business that develops, acquires, manages, and leases industrial/warehouse properties. Under terms of the offer Indus shareholders would receive $65.00 cash per share, valuing the transaction at approximately $700 million. The proposal is under review, and we continue to monitor the situation.
Announcement Date: 11/28/2022
Devro plc (DVO LN-£307.50-London) agreed to be acquired by Saria Group. Devro manufactures and supplies collagen casings for use in the production of sausages and other meat products primarily in the United Kingdom. Under terms of the agreement Devro shareholders will receive £316.10 cash per share, valuing the transaction at approximately £500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2023. Announcement Date: 11/25/2022
AgroFresh Solutions, Inc. (AGFS-$2.95-NASDAQ) agreed to be acquired by Paine Schwartz Partners. AgroFresh is an agriculture technology company whose mission is to prevent food loss and conserve the planet’s resources through its range of science-based solutions, data-driven digital technologies, and high-touch customer services. Under terms of the agreement AgroFresh shareholders will receive $3.00 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 11/22/2022
Home Capital Group, Inc. (HCG CN-C$42.70-Toronto) agreed to be acquired by Smith Financial Corp. Home provides residential and nonresidential mortgage lending, securitization of residential mortgage products, consumer lending, and credit card services in Canada through its subsidiary, Home Trust Company. Under terms of the agreement Home shareholders will receive C$44.00 cash per share, valuing the transaction at approximately C$2.0 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2023. Announcement Date: 11/21/2022
Imago BioSciences, Inc. (IMGO-$35.69-NASDAQ) agreed to be acquired by Merck & Co., Inc. (MRK-$110.12-NYSE). Imago is a clinical stage biopharmaceutical company that focuses on the discovery and development of small molecule product candidates that target lysine-specific demethylase 1 (LSD1). Under terms of the agreement Imago shareholders will receive $36.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 11/21/2022
Elevate Credit, Inc. (ELVT-$1.82-NYSE) agreed to be acquired by Park Cities Asset Management, LLC. Elevate offers unsecured online loans, lines of credit, and credit cards to non-prime consumers in the U.S. Under terms of the agreement Elevate shareholders will receive $1.87 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 11/16/2022
Luther Burbank Corp. (LBC-$11.86-NASDAQ) agreed to be acquired by Washington Federal, Inc. (WAFD-$35.27-NASDAQ). Luther Burbank Corp. is the bank holding company for Luther Burbank, which provides banking products and services for real estate investors, professionals, entrepreneurs, depositors, and commercial businesses. Under terms of the agreement Luther shareholders will receive 0.3353 shares of Washington Federal common stock per share, valuing the transaction at approximately $700 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2023. Announcement Date: 11/14/2022
Opiant Pharmaceuticals, Inc. (OPNT-$20.12-NASDAQ) agreed to be acquired by Indivior plc (INDV LN-£1,702.00-London). Opiant is a specialty pharmaceutical company that develops medicines for addictions and drug overdoses. Under terms of the agreement Opiant shareholders will receive $20.00 cash per share, valuing the transaction at approximately $150 million. The agreement also includes one Contingent Value Right (“CVR”) of up to $8.00 per share. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 11/14/2022
Maverix Metals, Inc. (MMX-$4.33-NYSE) agreed to be acquired by Triple Flag Precious Metals Corp. (TFPM-$12.68-NYSE). Maverix is a precious metals royalty and streaming company in Canada. Under terms of the agreement Maverix shareholders will receive $3.92 cash and 0.360 shares of Triple Flag common stock per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2023. Announcement Date: 11/10/2022
Yamana Gold, Inc. (AUY-$5.46-NYSE) agreed to be acquired by Pan America Silver Corp. (PAAS-$16.39-NASDAQ) and Agnico Eagle Mines Ltd. (AEM-$50.37-NYSE). Yamana Gold operates as a precious metal producer. Under terms of the agreement Yamana shareholders will receive $1.0406 in cash, 0.1598 of a Pan American share, and 0.0376 of an Agnico Eagle share, valuing the transaction at approximately $6 billion. Yamana previously agreed to be acquired Gold Fields Ltd. (GFI-$11.15-NYSE) in May 2022 for 0.60 shares of Gold Fields common stock per share. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 11/08/2022
Velodyne Lidar, Inc. (VLDR-$0.98-NASDAQ) agreed to be acquired by Ouster, Inc. (OUST-$1.18-NYSE). Velodyne provides real-time 3D vision for autonomous systems worldwide. Under terms of the agreement Velodyne shareholders will receive 0.8204 shares of Ouster common stock per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 11/07/2022
Summit Industrial REIT (SMU-U CN-C$22.55-Toronto) agreed to be acquired by GIC and Dream Industrial REIT (DIR-U CN-C$12.09-Toronto). Summit is an open-end REIT focused on growing and managing a portfolio of light industrial properties across Canada. Under terms of the agreement Summit shareholders will receive C$23.50 cash per share, valuing the transaction at approximately C$4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 11/07/2022
Oyster Point Pharma, Inc. (OYST-$11.18-NASDAQ) agreed to be acquired by Viatris, Inc. (VTRS-$11.03-NASDAQ). Oyster Point is a commercial-stage biopharmaceutical company that focuses on the discovery, development, and commercialization of therapies to treat ophthalmic diseases in the U.S. Under terms of the agreement Oyster Point shareholders will receive $11.00 cash per share, valuing the transaction at approximately $300 million. The agreement also includes one Contingent Value Right (“CVR”) of up to $2.00 per share. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 11/07/2022
IAA, Inc. (IAA-$37.37-NYSE) agreed to be acquired by Ritchie Bros. Auctioneers, Inc. (RBA-$54.85-NYSE). IAA is a digital marketplace that facilitates the marketing and sale of total loss, damaged, and low-value vehicles. Under terms of the agreement IAA shareholders will receive $10.00 cash and 0.5804 shares of Ritchie Bros. common stock per share, valuing the transaction at approximately $7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 11/07/2022
Caverion Oyj (CAV1V FH-€6.95-Frankfurt) agreed to be acquired by a Consortium of Investors led by Bain Capital. Caverion operates a building systems and construction services company in Northern and Central Europe. Under terms of the agreement Caverion shareholders will receive €7.00 cash per share, valuing the transaction at approximately €1 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval. It is expected to close in the first quarter of 2023. Announcement Date: 11/03/2022
Benefitfocus, Inc. (BNFT-$10.37-NASDAQ) agreed to be acquired by Voya Financial, Inc. (VOYA-$65.98-NYSE). Benefitfocus is a benefits management technology company that provides cloud-based solutions to employers and health plans in the U.S. Under terms of the agreement Benefitfocus shareholders will receive $10.50 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 11/01/2022
Abiomed, Inc. (ABMD-$377.79-NASDAQ) agreed to be acquired by Johnson & Johnson (JNJ-$178.90-NYSE). Abiomed engages in the research, development, and sale of medical devices that assist or replace the pumping function of a failing heart. Under terms of the agreement Abiomed shareholders will receive $380.00 cash per share, valuing the transaction at approximately $17 billion. The agreement also includes one Contingent Value Right (“CVR”) of up to $35.00 per share. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 11/01/2022
Atlas Corp. (ATCO-$15.37-NYSE) agreed to be acquired by a Consortium of Investors led by David Sokol. Atlas is an asset manager and independent charter of containerships. Under terms of the agreement Atlas shareholders will receive $15.50 cash per share, valuing the transaction at approximately $11 billion. The transaction is subject to a majority of minority shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 11/01/2022
UserTesting, Inc. (USER-$7.40-NYSE) agreed to be acquired by Thoma Bravo and Sunstone Partners. UserTesting is a software-as-a-service platform that gives organizations insight on peoples engagement with products, designs, apps, process, concepts, or brands in the U.S., U.K., and internationally. Under terms of the agreement UserTesting shareholders will receive $7.50 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 10/27/2022
Altra Industrial Motion Corp. (AIMC-$60.14-NASDAQ) agreed to be acquired by Regal Rexnord Corp. (RRX-$126.54-NYSE). Altra designs, produces, and markets electromechanical power transmission motion control products for use in motion-related applications, high-volume manufacturing, and non-manufacturing processes. Under terms of the agreement Altra shareholders will receive $62.00 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2022. Announcement Date: 10/27/2022
Limestone Bancorp, Inc. (LMST-$25.70-NASDAQ) agreed to be acquired by Peoples Bancorp, Inc. (PEBO-$30.27-NASDAQ). Limestone operates as a bank holding company for Limestone Bank and provides a variety of personal and business banking products and services. Under terms of the agreement Limestone shareholders will receive 0.90 shares of Peoples common stock per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2023. Announcement Date: 10/25/2022
Weber, Inc. (WEBR-$6.66-NYSE) received an offer to be acquired by BDT Capital Partners. Weber manufactures and distributes outdoor cooking equipment in the U.S., Europe, Australia, and internationally. Under terms of the offer Weber shareholders would receive $6.25 cash per share, valuing the transaction at approximately $3 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 10/25/2022
Myovant Sciences Ltd. (MYOV-$26.74-NYSE) agreed to be acquired Sumitovant Biopharma. Myovant Sciences is a biopharmaceutical company that develops redefine care for women and men. Under terms of the agreement Myovant shareholders will receive $27.00 cash per share, valuing the transaction at approximately $3 billion. Myovant had previously received an offer to be acquired by Sumitovant Biopharma for $22.75 cash per share. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 10/24/2022
Veris Residential, Inc. (VRE-$15.83-NYSE) received an offer to be acquired by Kushner Cos. Veris is an environmentally and socially conscious real estate investment trust that owns, operates, and acquires Class A multifamily properties. Under terms of the offer Veris shareholders would receive $16.00 cash per share, valuing the transaction at approximately $4 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 10/21/2022
Akouos, Inc. (AKUS-$13.17-NASDAQ) agreed to be acquired by Eli Lilly and Co. (LLY-$362.09-NYSE). Akouos develops gene therapies to restore, improve, and preserve physiologic hearing for individuals. Under terms of the agreement Akouos shareholders will receive $12.50 cash per share, valuing the transaction at approximately $500 million. The agreement also includes one Contingent Value Right (“CVR”) of up to $3.00 per share. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 10/18/2022
AVEO Pharmaceuticals, Inc. (AVEO-$14.77-NASDAQ) agreed to be acquired by LG Chem, Ltd. (051910 KS-695,000.00 KSE-Busan). AVEO is an oncology-focused biopharmaceutical company that focuses on the development and commercialization of cancer medicine. Under terms of the agreement AVEO shareholders will receive $15.00 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 10/18/2022
Archaea Energy, Inc. (LFG-$25.81-NYSE) agreed to be acquired by BP plc (BP-$33.28-NYSE). Archaea operates as a renewable natural gas and electricity producer in the U.S. Under terms of the agreement Archaea shareholders will receive $26.00 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 10/17/2022
Continental Resources, Inc. (CLR-$73.97-NYSE) agreed to be acquired by a Consortium of Investors led by Harold G. Hamm. Continental explores, develops, produces, and manages crude oil, natural gas, and related products in the U.S. Under terms of the agreement Continental shareholders will receive $74.28 cash per share, valuing the transaction at approximately $27 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in December of 2022. Announcement Date: 10/17/2022
Albertsons Companies, Inc. (ACI-$20.51-NYSE) agreed to be acquired by The Kroger Co. (KR-$47.29-NYSE). Albertsons operates food and drug retail stores in the U.S. under banners such as Albertsons, Safeway, Vons, Tom Thumb, ACME and more. Under terms of the agreement Albertsons’ shareholders will receive $34.10 cash per share (inclusive of a special dividend and potential spin-off), valuing the transaction at approximately $25 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in early 2024. Announcement Date: 10/14/2022
KnowBe4, Inc. (KNBE-$24.58-NASDAQ) agreed to be acquired by Vista Equity Partners. KnowBe4 engages in the development, marketing, and sale of its software-as-a-service-based security awareness platform that helps companies manage social engineering threats. Under terms of the agreement KnowBe4 shareholders will receive $24.90 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 10/12/2022
Bassett Furniture Industries, Inc. (BSET-$18.18-NASDAQ) received an offer to be acquired by CSC Generation Holdings. Bassett manufactures and markets retail home furnishing in the United States and internationally. Under terms of the offer Bassett shareholders would receive $21.00 cash per share, valuing the transaction at approximately $200 million. The proposal is under review, and we continue to monitor the situation. Announcement Date: 10/11/2022
ForgeRock, Inc. (FORG-$22.56-NYSE) agreed to be acquired by Thoma Bravo. ForgeRock is a digital identity protection platform designed to secure and manage the identities of its customers. Under terms of the agreement ForgeRock shareholders will receive $23.25 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 10/11/2022
SeaSpine Holdings Corp. (SPNE-$6.43-NASDAQ) agreed to be acquired by Orthofix Medical, Inc. (OFIX-$16.06-NASDAQ). SeaSpine is a medical technology company focused on the design, development, and commercialization of surgical solutions for spinal disorders in the United States and abroad. Under terms of the agreement SeaSpine shareholders will receive 0.4163 shares of Orthofix common stock per share, valuing the transaction at approximately $250 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 10/11/2022
home24 SE (H24 GR-€7.46-Frankfurt) agreed to be acquired by XXXLutz Group. home24 SE markets, sells, and ships furniture and home furnishings in Europe and Brazil. Under terms of the agreement home24 SE shareholders will receive €7.50 cash per share, valuing the transaction at approximately €400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 10/05/2022
Poshmark, Inc. (POSH-$17.86-NASDAQ) agreed to be acquired by Naver Corp. (035420 KS-170,500.00 KSE-Pakistan). Poshmark operates as a social marketplace for new and secondhand style products in the U.S., Canada, India, and Australia. Under terms of the agreement Poshmark shareholders will receive $17.90 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 10/04/2022
LogicBio Therapeutics, Inc. (LOGC-$2.05-NASDAQ) agreed to be acquired by AstraZeneca plc (AZN-$58.81-NASDAQ). LogicBio Therapeutics is a genetic medicine company that develops and commercializes genome editing and gene therapy treatments using its GeneRide and sAAVy platforms. Under terms of the agreement LogicBio shareholders will receive $2.07 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 10/03/2022
BTRS Holdings, Inc. (BTRS-$9.26-NASDAQ) agreed to be acquired by EQT Private Equity. BTRS Holdings provides cloud-based software and integrated payment processing solutions that automates business-to-business commerce worldwide. Under terms of the agreement BTRS shareholders will receive $9.50 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 9/28/2022
Biffa plc (BIFF LN-£4.12-London) agreed to be acquired by Energy Capital Partners. Biffa provides waste management services in the U.K. Under terms of the agreement Biffa shareholders will receive £4.10 cash per share, valuing the transaction at approximately £1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 9/27/2022
Lakeland Bancorp, Inc. (LBAI-$16.01-NASDAQ) agreed to be acquired by Provident Financial Services, Inc. (PFS-$19.50-NYSE). Lakeland Bancorp is the bank holding company for Lakeland Bank that offers various banking products and services for individuals and small to medium sized businesses. Under terms of the agreement Lakeland shareholders will receive 0.8319 shares of Provident common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2023. Announcement Date: 9/27/2022
AVEVA Group plc (AVV LN-£31.42-London) agreed to be acquired by Schneider Electric SE (SU FP-€116.94-Paris). AVEVA Group provides engineering and industrial software solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. Under terms of the agreement AVEVA shareholders will receive £31.00 cash per share, valuing the transaction at approximately £10 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 9/21/2022
STORE Capital Corp. (STOR-$31.33-NYSE) agreed to be acquired by GIC and Oak Street. STORE Capital is an internally managed net-lease real estate investment trust. Under terms of the agreement STORE shareholders will receive $32.25 cash per share, valuing the transaction at approximately $14 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 9/15/2022
Digital Media Solutions, Inc. (DMS-$1.92-NYSE) received an offer to be acquired by the company’s Management. Digital Media Solutions operates as a digital performance marketing company that offers a software delivery platform in the U.S. Under terms of the offer Digital Media shareholders would receive $2.50 cash per share, valuing the transaction at approximately $350 million. The proposal is under review and we continue to monitor the situation. Announcement Date: 9/08/2022
Signify Health, Inc. (SGFY-$29.15-NYSE) agreed to be acquired by CVS Health Corp. (CVS-$95.37-NYSE). Signify Health operates a healthcare platform that utilizes analytics, technology, and healthcare provider networks in the U.S. Under terms of the agreement Signify shareholders will receive $30.50 cash per share, valuing the transaction at approximately $8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 9/05/2022
SLM Solutions Group AG (AM3D GY-€19.64-Frankfurt) agreed to be acquired by Nikon Corp. (7731 JT-¥1,367.00-Tokyo). SLM Solutions Group provides metal-based additive manufacturing technology solutions in Germany, the Asia/Pacific, other European countries, North America, and internationally. Under terms of the agreement SLM shareholders will receive €20.00 cash per share, valuing the transaction at approximately €600 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2022. Announcement Date: 9/02/2022
Turquoise Hill Resources Ltd. (TRQ CN-C$40.90-Toronto) agreed to be acquired by Rio Tinto plc (RIO LN-£48.96-London). Turquoise Hill Resources operates as a mining company in Southern Mongolia. Under terms of the agreement Turquoise Hill shareholders will receive C$43.00 cash per share, valuing the transaction at approximately C$9 billion. Rio Tinto had previously offered to acquire Turquoise Hill in March 2022 for C$34.00 cash per share. The transaction is subject to shareholder approval and is expected to close in the fourth quarter of 2022. Announcement Date: 9/01/2022
Recipe Unlimited Corp. (RECP CN-C$20.62-Toronto) agreed to be acquired by Fairfax Financial Holdings Ltd. (FFH CN-C$630.89-Toronto). Recipe Unlimited operates and franchises full-service restaurants brands. Under terms of the agreement Recipe Unlimited shareholders will receive C$20.73 cash per share, valuing the transaction at approximately C$2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 9/01/2022
Massmart Holdings Ltd. (MSM SJ-ZAR60.39-Johannesburg) agreed to be acquired by Walmart, Inc. (WMT-$129.70-NYSE). Massmart Holdings operates as a retail and wholesale company in South Africa and the rest of Africa. Under terms of the agreement Massmart shareholders will receive ZAR 62.00 cash per share, valuing the transaction at approximately ZAR 6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 9/01/2022
Forma Therapeutics Holdings, Inc. (FMTX-$19.95-NASDAQ) agreed to be acquired by Novo Nordisk A/S (NVO-$99.63-NYSE). Forma Therapeutics develops novel therapeutics for treatment of rare hematologic diseases and cancers. Under terms of the agreement Forma shareholders will receive $20.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2022. Announcement Date: 9/01/2022
Centric Financial Corp. (CFCX-$14.00-OTC) agreed to be acquired by First Commonwealth Financial Corp. (FCF-$13.48-NYSE). Centric Financial operates as the holding company for Centric Bank that offers various banking products and services. Under terms of the agreement Centric shareholders will receive 1.09 shares of First Commonwealth common stock per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 8/30/2022
Diurnal Group plc (DNL LN-£0.267-London) agreed to be acquired by Neurocrine Biosciences, Inc. (NBIX-$104.63-NASDAQ). Diurnal Group is a specialty pharma company that develops hormone therapeutics for the treatment of chronic endocrine conditions. Under terms of the agreement Diurnal shareholders will receive £0.275 cash per share, valuing the transaction at approximately £50 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 8/30/2022
Micro Focus International plc (MCRO LN-£5.18-London) agreed to be acquired by Open Text Corp. (OTEX-$31.48-NASDAQ). Micro Focus operates in the enterprise software business in the U.K., the U.S., Germany, Canada, France, Japan, and internationally. Under terms of the agreement Micro Focus shareholders will receive £5.23 cash per share, valuing the transaction at approximately $6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 8/25/2022
PTB Group Ltd. (PTB AU-A$1.565-Sydney) agreed to be acquired by Precision Aviation Group. PTB Group is in the aviation business in Australia, Papua New Guinea, New Zealand, the Pacific Islands, North and South America, Asia, Africa, and Europe. Under terms of the agreement PTB shareholders will receive A$1.595 cash per share, valuing the transaction at approximately A$200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 8/23/2022
Semcon AB (SEMC SS-SEK148.20-Stockholm) agreed to be acquired by Etteplan Oyj (ETTE FH-€15.00-Helsinki). Semcon is a technology company in engineering services and product information in Sweden, Norway, Brazil, the U.K., and internationally. Under terms of the agreement Semcon shareholders will receive SEK 149.00 cash per share, valuing the transaction at approximately SEK 3 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2022. Announcement Date: 8/23/2022
Computer Services, Inc. (CSVI-$56.90-OTC) agreed to be acquired by Centerbridge Partners and Bridgeport Partners. Computer Services provides core processing, digital banking, managed services, payments processing, print and electronic distribution, and regulatory compliance solutions to financial institutions and corporate entities in the U.S. Under terms of the agreement Computer Services shareholders will receive $58.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 8/22/2022
Aerie Pharmaceuticals, Inc. (AERI-$15.10-NASDAQ) agreed to be acquired by Alcon, Inc. (ALC-$65.68-NYSE). Aerie Pharmaceuticals focuses on the discovery, development, and commercialization of ophthalmic therapies for open-angle glaucoma, dry eye, diabetic macular edema, and wet age-related macular degeneration in the U.S. Under terms of the agreement Aerie shareholders will receive $15.25 cash per share, valuing the transaction at approximately $800 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 8/22/2022
Farmers Bankshares, Inc. (FBVA-$16.89-OTC) agreed to be acquired by TowneBank (TOWN-$28.49-NASDAQ). Farmers Bankshares provides various banking products and services to small and mid-sized businesses, professionals, corporate executives, and entrepreneurs primarily in southeastern Virginia. Under terms of the agreement Farmers shareholders will receive 0.605 shares of TowneBank common stock per share, valuing the transaction at approximately $60 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 8/18/2022
DCP Midstream LP (DCP-$38.02-NYSE) received an offer to be acquired by Phillips 66 (PSX-$89.46-NYSE). DCP Midstream owns, operates, acquires, and develops a portfolio of midstream energy assets in the U.S. Under terms of the offer DCP shareholders would receive $34.75 cash per share, valuing the transaction at approximately $7 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 8/17/2022
Tassal Group Ltd. (TGR AU-A$5.17-Sydney) agreed to be acquired by Cooke, Inc. Tassal Group engages in the hatching, farming, processing, marketing, and sale of Atlantic salmon and tiger prawns in Australia. Under terms of the agreement Tassal shareholders will receive A$5.23 cash per share, valuing the transaction at approximately A$1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 8/16/2022
Ted Baker plc (TED LN-£1.09-London) agreed to be acquired by Authentic Brands Group. Ted Baker designs menswear, womenswear, and accessories under the Ted Baker brand in the U.S., the U.K., rest of Europe, Canada, and South Africa. Under terms of the agreement Ted Baker shareholders will receive £1.10 cash per share, valuing the transaction at approximately £200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 8/16/2022
BBQ Holdings, Inc. (BBQ-$17.19-NASDAQ) agreed to be acquired by MTY Food Group, Inc. (MTY CN-C$58.72-Toronto). BBQ Holdings develops, owns, operates, and franchises casual and fast dining restaurants in the U.S., Canada, and the United Arab Emirates. Under terms of the agreement BBQ shareholders will receive $17.25 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2022. Announcement Date: 8/09/2022
Unity Software, Inc. (U-$42.72-NYSE) received an offer to be acquired by AppLovin Corp. (APP-$24.63-NASDAQ). Unity Software creates and operates an interactive real-time 3D content platform. Under terms of the offer Unity shareholders would receive 1.466 shares of AppLovin common stock per share, valuing the transaction at approximately $20 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 8/09/2022
Recipe Unlimited Corp. (RECP CN-C$19.67-Toronto) agreed to be acquired by Fairfax Financial Holdings Ltd. (FFH CN-C$654.74-Toronto). Recipe Unlimited operates and franchises full-service restaurants brands. Under terms of the agreement Recipe shareholders will receive C$20.73 cash per share, valuing the transaction at approximately C$1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 8/09/2022
RPS Group plc (RPS LN-£2.11-London) agreed to be acquired by WSP Global, Inc. (WSP CN-C$156.51-Toronto). RPS Group provides consultancy services in the U.K., Australia, the U.S., Norway, the Netherlands, Ireland, Canada, and internationally. Under terms of the agreement RPS shareholders will receive £2.06 cash per share, as well as a £0.45 special dividend, valuing the transaction at approximately £600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 8/08/2022
Professional Holding Corp. (PFHD-$27.96-NASDAQ) agreed to be acquired by Seacoast Banking Corp. of Florida (SBCF-$32.32-NASDAQ). Professional Holding provides banking products and services to small and medium sized businesses, other professionals, and entrepreneurs. Under terms of the agreement Professional Holding shareholders will receive 0.8909 shares of Seacoast common stock per share, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 8/08/2022
Avalara, Inc. (AVLR-$91.59-NYSE) agreed to be acquired by Vista Equity Partners. Avalara provides cloud-based solutions for transaction tax compliance worldwide. Under terms of the agreement Avalara shareholders will receive $93.50 cash per share, valuing the transaction at approximately $8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 8/08/2022
CyberOptics Corp. (CYBE-$53.24-NASDAQ) agreed to be acquired by Nordson Corp. (NDSN-$227.17-NASDAQ). CyberOptics designs, develops, manufactures, and markets high precision sensing technology solutions and system products for inspection and metrology worldwide. Under terms of the agreement CyberOptics shareholders will receive $54.00 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 8/08/2022
Global Blood Therapeutics, Inc. (GBT-$67.90-NASDAQ) agreed to be acquired by Pfizer, Inc. (PFE-$45.23-NYSE). Global Blood Therapeutics develops treatments for underserved patient communities with sickle cell disease. Under terms of the agreement Global Blood shareholders will receive $68.50 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 8/08/2022
iRobot Corp. (IRBT-$58.88-NASDAQ) agreed to be acquired by Amazon.com, Inc. (AMZN-$126.77-NASDAQ). iRobot designs, builds, and sells robots and home innovation products in the U.S., Europe, the Middle East, Africa, Japan, and internationally. Under terms of the agreement iRobot shareholders will receive $61.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals. Closing guidance has not been provided at this time. Announcement Date: 8/05/2022
Atlas Air Worldwide Holdings, Inc. (AAWW-$99.92-NASDAQ) agreed to be acquired by a Consortium of Investors. Atlas Air provides outsourced aircraft and aviation operating services. Under terms of the agreement Atlas Air shareholders will receive $102.50 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 8/04/2022
Atlas Corp. (ATCO-$14.35-NYSE) received an offer to be acquired by a Consortium of Investors. Atlas operates as an asset manager and operator of container ships. Under terms of the offer Atlas shareholders would receive $14.45 cash per share, valuing the transaction at approximately $4 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 8/04/2022
ChemoCentryx, Inc. (CCXI-$50.98-NASDAQ) agreed to be acquired by Amgen, Inc. (AMGN-$240.30-NASDAQ). ChemoCentryx develops and commercializes new medications for inflammatory disorders, autoimmune diseases, and cancer in the U.S. Under terms of the agreement ChemoCentryx shareholders will receive $52.00 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 8/04/2022
Mediclinic International plc (MDC LN-£5.01-London) agreed to be acquired by Remgro Ltd. and MSC Mediterranean Shipping Co. Mediclinic International operates private hospitals. Under terms of the agreement Mediclinic shareholders will receive £5.04 cash per share, valuing the transaction at approximately £4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 8/04/2022
TOD’S SpA (TOD IM-€40.44-Milan) agreed to be acquired by the Della Valle Family. TOD'S creates, produces, and distributes shoes, leather goods and accessories, and apparel in Italy, rest of Europe, the Americas, Greater China, and internationally. Under terms of the agreement TOD’S shareholders will receive €40.00 cash per share, valuing the transaction at approximately €1 billion. The transaction is subject to the tender of at least 26% of shares outstanding from minority investors, and is expected to close in the fourth quarter of 2022. Announcement Date: 8/03/2022
Ping Identity Holding Corp. (PING-$28.14-NYSE) agreed to be acquired by Thoma Bravo. Ping Identity offers intelligent identity solutions for enterprise in the U.S. and internationally. Under terms of the agreement Ping shareholders will receive $28.50 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 8/03/2022
Sierra Wireless, Inc. (SWIR-$30.78-NASDAQ) agreed to be acquired by Semtech Corp. (SMTC-$46.19 -NASDAQ). Sierra Wireless provides device-to-cloud Internet of solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Under terms of the agreement Sierra shareholders will receive $31.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 8/02/2022
Cowen, Inc. (COWN-$38.45-NASDAQ) agreed to be acquired by The Toronto-Dominion Bank (TD-$64.34-NYSE). Cowen offers investment management services in the U.S. and internationally. Under terms of the agreement Cowen shareholders will receive $39.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 8/02/2022
Romeo Power, Inc. (RMO-$0.61-NYSE) agreed to be acquired by Nikola Corp. (NKLA-$5.36-NASDAQ). Romeo Power designs and manufactures lithium-ion battery modules and packs for vehicle electrification in North America. Under terms of the agreement Romeo shareholders will receive 0.1186 shares of Nikola common stock per share, valuing the transaction at approximately $150 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2022. Announcement Date: 8/01/2022
Slitevind AB (SLITE SS-SEK125.00-Stockholm) agreed to be acquired by Orrön Energy AB (ORRON SS-SEK20.32-Stockholm). Slitevind owns and operates wind power plants in Norway, Finland and Sweden. Under terms of the agreement Slitevind shareholders will receive SEK 125.00 cash per share, valuing the transaction at approximately SEK 900 million. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval. Closing guidance has not been provided at this time. Announcement Date: 8/01/2022
EVO Payments, Inc. (EVOP-$33.32-NASDAQ) agreed to be acquired by Global Payments, Inc. (GPN-$124.23-NYSE). EVO Payments operates as an integrated merchant acquirer and payment processor in the Americas and Europe. Under terms of the agreement EVO shareholders will receive $34.00 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 8/01/2022
Spirit Airlines, Inc. (SAVE-$24.77-NYSE) agreed to be acquired by JetBlue Airways Corp. (JBLU-$8.42-NASDAQ). Spirit Airlines provides airline services in 85 destinations in 16 countries in the U.S., Latin America, and the Caribbean. Under terms of the agreement Spirit shareholders will receive $31.00 cash, with an additional $2.50 to be paid upon shareholder approval and $0.10 each month until close starting in January 2023, valuing the transaction at approximately $8 billion. Spirit previously agreed to be acquired by Frontier Group Holdings, Inc. (ULCC-$14.48-NASDAQ) in February for $2.13 cash and 1.9126 shares of Frontier common stock per share of Spirit. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2024. Announcement Date: 7/28/2022
PBF Logistics LP (PBFX-$18.63-NYSE) agreed to be acquired by PBF Energy, Inc. (PBF-$33.35-NYSE). PBF Logistics owns, leases, acquires, develops, and operates crude oil and refined petroleum products terminals, pipelines, storage facilities, and other logistics assets in the U.S. Under terms of the agreement PBF Logistics shareholders will receive $9.25 cash and 0.27 shares of PBF Energy common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and no closing guidance has been provided at this time. Announcement Date: 7/28/2022
RealNetworks, Inc. (RNWK-$0.70-NASDAQ) agreed to be acquired by the company’s Founder. RealNetworks provides digital media software and services in the U.S., Europe, and internationally. Under terms of the agreement RealNetworks shareholders will receive $0.73 cash per share, valuing the transaction at approximately $50 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 7/28/2022
Heritage Southeast Bancorporation, Inc. (HSBI-$26.55-OTC) agreed to be acquired by The First Bancshares, Inc. (FBMS-$28.81-NASDAQ). Heritage Southeast Bancorporation operates as the bank holding company for Heritage Southeast Bank that provides a range of services primarily in Georgia and Florida. Under terms of the agreement Heritage shareholders will receive 0.965 shares of First Bancshares common stock per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 7/27/2022
Pzena Investment Management, Inc. (PZN-$9.40-NYSE) agreed to be acquired by the company’s existing Partners. Pzena Investment Management is an employee owned investment manager that manages equity mutual funds for its clients. Under terms of the agreement Pzena shareholders will receive $9.60 cash per share, valuing the transaction at approximately $800 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 7/26/2022
Shell Midstream Partners LP (SHLX-$15.75-NYSE) agreed to be acquired by Shell plc (SHEL LN-£21.79-London). Shell Midstream Partners owns, operates, develops, and acquires pipelines and other midstream and logistics assets in the U.S. Under terms of the agreement Shell Midstream shareholders will receive $15.85 cash per share, valuing the transaction at approximately $2 billion. Shell plc already owns approximately 69% of outstanding shares of Shell Midstream Partners. The transaction is expected to close in the fourth quarter of 2022. Announcement Date: 7/25/2022
Zymergen, Inc. (ZY-$2.47-NASDAQ) agreed to be acquired by Ginkgo Bioworks Holdings, Inc. (DNA-$2.86-NYSE). Zymergen designs, develops, and commercializes microbes, molecules, and materials. Under terms of the agreement Zymergen shareholders will receive 0.9179 shares of Ginkgo common stock per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2023. Announcement Date: 7/25/2022
Infrastructure and Energy Alternatives, Inc. (IEA-$14.12-NASDAQ) agreed to be acquired by MasTec, Inc. (MTZ-$78.93-NYSE). Infrastructure and Energy Alternatives operates as a diversified infrastructure construction company in the U.S. Under terms of the agreement Infrastructure and Energy shareholders will receive $10.50 cash and 0.0483 shares of MasTec common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 7/25/2022
AutoWeb, Inc. (AUTO-$0.38-NASDAQ) agreed to be acquired by One Planet Group. AutoWeb operates as a digital marketing company for the automotive industry in the U.S. Under terms of the agreement AutoWeb shareholders will receive $0.39 cash per share, valuing the transaction at approximately $50 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2022. Announcement Date: 7/25/2022
Aris Gold Corp. (ARIS CN-C$1.95-Toronto) agreed to be acquired by GCM Mining Corp. (GCM CN-C$3.72-Toronto). Aris Gold acquires, explores for, develops, and operates gold properties in Colombia and Canada. Under terms of the agreement Aris shareholders will receive 0.50 shares of GCM Mining common stock per share, valuing the transaction at approximately C$100 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the third quarter of 2022. Announcement Date: 7/25/2022
Rebelle AB (BELLE SS-SEK13.98-Stockholm) agreed to be acquired by Vinted. Rebelle operates an online marketplace for selling and buying second-hand designer fashion items and accessories in Europe. Under terms of the agreement Rebelle shareholders will receive SEK 14.10 cash per share, valuing the transaction at approximately SEK 300 million. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2022. Announcement Date: 7/25/2022
Bobst Group SA (BOBNN SW-CHF78.00-Switzerland) agreed to be acquired by JBF Finance SA. Bobst Group supplies equipment and services for printing, coating and laminating, cutting, folding, gluing, and other processes in Europe, the Americas, Asia, Oceania, and Africa. Under terms of the agreement Bobst shareholders will receive CHF 78.00 cash per share, valuing the transaction at approximately CHF 600 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2022. Announcement Date: 7/25/2022
1Life Healthcare, Inc. (ONEM-$16.94-NASDAQ) agreed to be acquired by Amazon.com, Inc. (AMZN-$134.95-NASDAQ). 1Life Healthcare operates a membership-based primary care platform under the One Medical brand. Under terms of the agreement 1Life shareholders will receive $18.00 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals. Closing guidance has not been provided at this time. Announcement Date: 7/21/2022
Hanger, Inc. (HNGR-$18.57-NYSE) agreed to be acquired by Patient Square Capital. Hanger provides orthotic and prosthetic services in the U.S. Under terms of the agreement Hanger shareholders will receive $18.75 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 7/21/2022
IBI Group, Inc. (IBG CN-C$19.27-Toronto) agreed to be acquired by Arcadis NV (ARCAD NA-€35.96-Amsterdam). IBI Group provides various professional services in Canada, the U.S., the U.K., and internationally. Under terms of the agreement IBI Group shareholders will receive C$19.50 cash per share, valuing the transaction at approximately C$900 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 7/18/2022
Euromoney Institutional Investor plc (ERM LN-£14.50-London) agreed to be acquired by Astorg Asset Management and Epiris. Euromoney Institutional Investor provides business-to-business information services in the U.K., North America, and internationally. Under terms of the agreement Euromoney shareholders will receive £14.61 cash per share, valuing the transaction at approximately £2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 7/18/2022
TransGlobe Energy Corp. (TGA-$3.86-NASDAQ) agreed to be acquired by VAALCO Energy, Inc. (EGY-$5.93-NYSE). TransGlobe Energy Acquires, explores, develops, and produces crude oil and natural gas in Egypt and Canada. Under terms of the agreement TransGlobe shareholders will receive 0.6727 shares of VAALCO common stock per share, valuing the transaction at approximately $300 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second half of 2022. Announcement Date: 7/14/2022
ironSource Ltd. (IS-$3.90-NYSE) agreed to be acquired by Unity Software, Inc. (U-$37.39-NYSE). ironSource operates a business platform for app developers and telecom operators in Israel and internationally. Under terms of the agreement ironSource shareholders will receive 0.1089 shares of Unity common stock per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 7/13/2022
Sharps Compliance Corp. (SMED-$8.63-NASDAQ) agreed to be acquired by Aurora Capital Partners. Sharps Compliance provides medical, pharmaceutical, and hazardous waste management services in the U.S. Under terms of the agreement Sharps shareholders will receive $8.75 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2022. Announcement Date: 7/12/2022
Great Bear Royalties Corp. (GBRR CN-C$6.58-Toronto) agreed to be acquired by Royal Gold, Inc. (RGLD-$104.77-NASDAQ). Great Bear Royalties operates as a precious metals royalty and streaming company in Canada. Under terms of the agreement Great Bear shareholders will receive C$6.65 cash per share, valuing the transaction at approximately C$200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 7/11/2022
La Jolla Pharmaceutical Co. (LJPC-$6.21-NASDAQ) agreed to be acquired by Innoviva, Inc. (INVA-$14.34-NASDAQ). La Jolla Pharmaceutical Company engages in the development and commercialization of therapies that improve outcomes in patients suffering from life-threatening diseases. Under terms of the agreement La Jolla shareholders will receive $6.23 cash per share, valuing the transaction at approximately $150 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2022. Announcement Date: 7/11/2022
Meridian Bioscience, Inc. (VIVO-$31.66-NASDAQ) agreed to be acquired by SD Biosensor, Inc. and SJL Partners LLC. Meridian develops, manufactures, distributes, and sells diagnostic test kits primarily for gastrointestinal and respiratory infectious diseases, and elevated blood lead levels worldwide. Under terms of the agreement Meridian shareholders will receive $34.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2022. Announcement Date: 7/07/2022
Resolute Forest Products, Inc. (RFP-$20.28-NYSE) agreed to be acquired by The Paper Excellence Group. Resolute operates in the Market Pulp, Tissue, Wood Products, and Paper segments of the forest products industry in the U.S., Canada, Mexico, and internationally. Under terms of the agreement Resolute shareholders will receive $20.50 cash per share, valuing the transaction at approximately $3 billion. The transaction also includes a Contingent Value Right (“CVR”) entitling the shareholder to a share of future softwood lumber duty deposit refunds per share. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 7/06/2022
Valora Holding AG (VALN SW-CHF260.00-Switzerland) agreed to be acquired by Fomento Económico Mexicano SAB de CV (FEMSAUBD MM-Mex$127.03-Mexico). Valora operates as a retailer in the convenience and food service sectors in Europe. Under terms of the agreement Valora shareholders will receive CHF 260.00 cash per share, valuing the transaction at approximately CHF 1 billion. The transaction is subject to the tender of at least 67% of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2022. Announcement Date: 7/05/2022
Alexco Resource Corp. (AXU-$0.51-NYSE) agreed to be acquired by Hecla Mining Co. (HL-$4.53-NYSE). Alexco explores for silver, lead, zinc, and gold deposits, primarily in Canada. Under terms of the agreement Alexco shareholders will receive 0.116 shares of Hecla common stock per share, valuing the transaction at approximately $80 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 7/05/2022
Epizyme, Inc. (EPZM-$1.47-NASDAQ) agreed to be acquired by Ipsen SA (IPN FP-€90.05-Paris). Epizyme discovers, develops, and commercializes novel epigenetic medicines for patients with cancer and other diseases in the U.S. Under terms of the agreement Epizyme shareholders will receive $1.45 cash per share, valuing the transaction at approximately $200 million. The transaction also includes a potential Contingent Value Right (“CVR”) worth $1 per share. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2022. Announcement Date: 6/27/2022
CareTech Holdings plc (CTH LN-£7.41-London) agreed to be acquired by the company’s Co-Founders. CareTech Holdings provides care and support services for children and adults in the U.K. Under terms of the agreement CareTech shareholders will receive £7.50 cash per share, valuing the transaction at approximately £900 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 6/27/2022
Zendesk, Inc. (ZEN-$74.07-NYSE) agreed to be acquired by Permira and Hellman & Friedman LLC. Zendesk is a software development company, providing software solutions in the U.S., Europe, the Middle East, Africa, the Asia Pacific, and internationally. Under terms of the agreement Zendesk shareholders will receive $77.50 cash per share, valuing the transaction at approximately $10 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 6/24/2022
USA Truck, Inc. (USAK-$31.42-NASDAQ) agreed to be acquired by DB Schenker. USA Truck is a truckload carrier in the U.S., Mexico, and Canada. Under terms of the agreement USA Truck shareholders will receive $31.72 cash per share, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 6/24/2022
F-Star Therapeutics, Inc. (FSTX-$6.26-NASDAQ) agreed to be acquired by invoX Pharma. F-Star develops tetravalent bispecific antibodies for cancer therapy. Under terms of the agreement F-Star shareholders will receive $7.12 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second half of 2022. Announcement Date: 6/23/2022
Radius Health, Inc. (RDUS-$10.37-NASDAQ) agreed to be acquired by Gurnet Point Capital and Patient Square Capital. Radius Health focuses on addressing unmet medical needs in the areas of bone health, orphan diseases, and oncology. Under terms of the agreement Radius shareholders will receive $10.00 cash per share, valuing the transaction at approximately $1 billion. The transaction also includes a potential Contingent Value Right (“CVR”) worth $1 per share. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2022. Announcement Date: 6/23/2022
Ocean Bio-Chem, Inc. (OBCI-$12.88-NASDAQ) agreed to be acquired by OneWater Marine, Inc. (ONEW-$33.05-NASDAQ). Ocean Bio-Chem manufactures products for the marine, automotive, power sports, recreational vehicle, home care, and outdoor power equipment markets in the U.S. and Canada. Under terms of the agreement Ocean shareholders will receive $13.08 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 6/22/2022
U.S. Well Services, Inc. (USWS-$0.94-NASDAQ) agreed to be acquired by ProFrac Holding Corp. (PFHC-$18.31-NASDAQ). U.S. Well Services operates as an oilfield service company in the U.S. Under terms of the agreement U.S. Well shareholders will receive 0.0561 shares of ProFrac common stock per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 6/22/2022
Convey Health Solutions Holdings, Inc. (CNVY-$10.40-NYSE) agreed to be acquired by TPG. Convey Health Solutions provides technology enabled solutions and advisory services to assist with workflows across product developments, sales, and analytics. Under terms of the agreement Convey shareholders will receive $10.50 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 6/21/2022
GrandSouth Bancorp (GRRB-$31.20-OTC) agreed to be acquired by First Bancorp (FBNC-$34.90-NASDAQ). GrandSouth operates as the bank holding company for GrandSouth Bank that provides banking services to individuals and businesses. Under terms of the agreement GrandSouth shareholders will receive 0.91 shares of First Bancorp common stock per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 6/21/2022
EMIS Group plc (EMIS LN-£18.64-London) agreed to be acquired by UnitedHealth Group, Inc. (UNH-$513.63-NYSE). EMIS Group provides connected healthcare software and systems for healthcare professionals in the U.K. Under terms of the agreement EMIS shareholders will receive £19.25 cash per share, valuing the transaction at approximately £1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 6/17/2022
LifeWorks, Inc. (LWRK CN-C$30.88-Toronto) agreed to be acquired by TELUS Corp. (T CN-C$28.67-Toronto). LifeWorks provides digital and in-person solutions for wellbeing of individuals in Canada and the U.S. Under terms of the agreement LifeWorks shareholders will receive C$16.50 cash and 0.5321 shares of TELUS common stock per share, valuing the transaction at approximately C$3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 6/16/2022
Shaftesbury plc (SHB LN-£5.22-London) agreed to be acquired by Capital & Counties Properties plc (CAPC LN-£1.40-London). Shaftesbury is a Real Estate Investment Trust which invests exclusively in London's West End. Under terms of the agreement Shaftesbury shareholders will receive 3.356 shares of Capital & Counties common stock per share, valuing the transaction at approximately £5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 6/16/2022
Altus Strategies plc (ALS LN-£0.44-London) agreed to be acquired by Elemental Royalties Corp. (ELE CN-C$1.26-Toronto). Altus Strategies acquires, discovers, explores for, and develops mineral properties in Africa. Under terms of the agreement Altus shareholders will receive 0.594 shares of Elemental common stock per share, valuing the transaction at approximately £60 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 6/14/2022
Continental Resources, Inc. (CLR-$65.35-NYSE) received an offer to be acquired by Harold G. Hamm Consortium. Continental Resources explores for, develops, produces, and manages crude oil, natural gas, and related products primarily in the U.S. Under terms of the offer Continental shareholders would receive $70.00 cash per share, valuing the transaction at approximately $32 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 6/14/2022
Duke Realty Corp. (DRE-$54.95-NYSE) agreed to be acquired by Prologis, Inc. (PLD-$117.65-NYSE). Duke Realty owns and operates approximately 159 million rentable square feet of industrial assets in 20 major logistics markets. Under terms of the agreement Duke shareholders will receive 0.475 shares of Prologis common stock per share, valuing the transaction at approximately $26 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2022. Announcement Date: 6/13/2022
Steel Connect, Inc. (STCN-$1.34-NASDAQ) agreed to be acquired by Steel Partners Holdings LP (SPLP-$41.98-NYSE). Steel Connect provides direct marketing and supply chain services in the U.S., China, and internationally. Under terms of the agreement Steel Connect shareholders will receive $1.35 cash and 1 Contingent Value Right (“CVR”) per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 6/13/2022
The Go-Ahead Group plc (GOG LN-£15.80-London) agreed to be acquired by Kinetic Group and Globalvia. The Go-Ahead Group provides road and rail passenger transportation services in the U.K. and internationally. Under terms of the agreement Go-Ahead shareholders will receive £14.50 cash per share, as well as a £0.50 special dividend, valuing the transaction at approximately £600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 6/13/2022
UEX Corp. (UEX CN-C$0.33-Toronto) agreed to be acquired by Uranium Energy Corp. (UEC-$3.08-NYSE). UEX engages in the acquisition, exploration, and development of mineral properties in Canada. Under terms of the agreement UEX shareholders will receive 0.0831 shares of Uranium common stock per share, valuing the transaction at approximately C$200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 6/13/2022
Turning Point Therapeutics, Inc. (TPTX-$75.25-NASDAQ) agreed to be acquired by Bristol-Myers Squibb Co. (BMY-$77.00-NYSE). Turning Point Therapeutics designs and develops therapies that target genetic drivers of cancer. Under terms of the agreement Turning Point shareholders will receive $76.00 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to the tender of at least 50% of shares outstanding, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 6/03/2022
EcoOnline Holding AS (ECO NO-NOK22.20-Oslo) agreed to be acquired by APAX Partners LP. EcoOnline Holding develops software solutions for health, environment, safety, management and documentation, and chemical applications in workplaces. Under terms of the agreement EcoOnline shareholders will receive NOK 22.75 cash per share, valuing the transaction at approximately NOK 4 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval and is expected to close in the second half of 2022. Announcement Date: 6/02/2022
Sprague Resources LP (SRLP-$18.98-NYSE) agreed to be acquired by Hartree Partners LP. Sprague Resources is a master limited partnership engaged in the purchase, storage, distribution and sale of refined petroleum products and natural gas. Under terms of the agreement Sprague shareholders will receive $19.00 cash per share, valuing the transaction at approximately $100 million. Hartree previously made a non-binding offer to acquire Sprague for $16.50 cash per share in January 2022. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 6/02/2022
UB Bancorp (UBNC-$17.10-OTC) agreed to be acquired by FNB Corp. (FNB-$10.86-NYSE). UB Bancorp operates as the bank holding company for Union Bank that provides commercial and retail banking services to individuals and businesses. Under terms of the agreement UB Bancorp shareholders will receive 1.61 shares of FNB common stock per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 6/01/2022
Capricorn Energy plc (CNE LN-£2.18-London) agreed to be acquired by Tullow Oil plc (TLW LN-£0.47-London). Capricorn Energy operates as an independent oil and gas exploration, development, and production company. Under terms of the agreement Capricorn shareholders will receive 3.0868 shares of Tullow common stock per share, valuing the transaction at approximately £700 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 6/01/2022
CatchMark Timber Trust, Inc. (CTT-$11.81-NYSE) agreed to be acquired by PotlatchDeltic Corp. (PCH-$52.46-NASDAQ). CatchMark is a real estate investment trust in the U.S. Under terms of the agreement CatchMark shareholders will receive 0.23m shares of PotlatchDeltic common stock per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 5/31/2022
TherapeuticsMD, Inc. (TXMD-$9.93-NASDAQ) agreed to be acquired by EW Healthcare Partners. TherapeuticsMD operates as a women's healthcare company in the U.S. Under terms of the agreement TherapeuticsMD shareholders will receive $10.00 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to the tender of at least 50% of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2022. Announcement Date: 5/31/2022
Yamana Gold, Inc. (AUY-$5.36-NYSE) agreed to be acquired by Gold Fields Ltd. (GFI-$9.34-NYSE). Yamana Gold operates as a precious metal producer. Under terms of the agreement Yamana shareholders will receive 0.60 shares of Gold Fields common stock per share, valuing the transaction at approximately $7 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 5/31/2022
Ørn Software Holding AS (ORN NO-NOK5.96-Oslo) agreed to be acquired by EG Norge AS. Ørn Software provides software-as-a-service solutions for facility and worksite owners, managers, operators, and users for a range of industries in Norway, Finland, Iceland, Sweden, Denmark, and the U.K. Under terms of the agreement Ørn Software shareholders will receive NOK 6.25 cash per share, valuing the transaction at approximately NOK 600 million. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval and is expected to close in the second half of 2022. Announcement Date: 5/30/2022
VMware, Inc. (VMW-$128.10-NYSE) agreed to be acquired by Broadcom, Inc. (AVGO-$580.13-NASDAQ). VMware provides software solutions in the areas of modern applications, cloud management and infrastructure, networking, security, and digital workspaces in the U.S. and internationally. Under terms of the agreement VMware shareholders will receive $142.50 cash or 0.252 shares of Broadcom common stock per share, valuing the transaction at approximately $61 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 5/26/2022
Covetrus, Inc. (CVET-$20.82-NASDAQ) agreed to be acquired by Clayton, Dubilier & Rice and TPG Capital. Covetrus operates as an animal-health technology and services company. Under terms of the agreement Covetrus shareholders will receive $21.00 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 5/25/2022
Höegh LNG Partners LP (HMLP-$9.08-NYSE) agreed to be acquired by Höegh LNG Holdings Ltd. Höegh LNG Partners owns and operates floating storage and regasification units, liquefied natural gas carriers, and other LNG infrastructure assets under long-term charters. Under terms of the agreement Höegh shareholders will receive $9.25 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 5/25/2022
Mercell Holding ASA (MRCEL NO-NOK6.06-Oslo) agreed to be acquired by Thoma Bravo. Mercell Holding provides eTendering, tender notification, and bid manager solutions through online marketplace in Nordic region. Under terms of the agreement Mercell shareholders will receive NOK 6.30 cash per share, valuing the transaction at approximately NOK 3 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval and is expected to close in the second half of 2022. Announcement Date: 5/25/2022
StoneMor, Inc. (STON-$3.43-NYSE) agreed to be acquired by Axar Capital Management. StoneMor owns and operates cemeteries and funeral homes in the U.S. Under terms of the agreement StoneMor shareholders will receive $3.50 cash per share, valuing the transaction at approximately $700 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fall of 2022. StoneMor is also permitted to solicit superior bids from parties during a 60-day “go-shop” period. Announcement Date: 5/25/2022
PCSB Financial Corp. (PCSB-$19.59-NASDAQ) agreed to be acquired by Brookline Bancorp, Inc. (BRKL-$14.17-NASDAQ). PCSB Financial operates as the holding company for PCSB Bank that provides financial products and services to individuals and businesses in New York. Under terms of the agreement PCSB shareholders will receive $22.00 cash or 1.3284 shares of Brookline common stock per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 5/24/2022
M&C Saatchi plc (SAA LN-£1.86-London) agreed to be acquired by Next Fifteen Communications Group plc (NFC LN-£10.90-London). M&C Saatchi plc provides advertising and marketing services in Europe, the Middle East, Africa, Asia, Australia, and the Americas. Under terms of the agreement M&C shareholders will receive £0.40 cash and 0.1637 shares of Next Fifteen common stock per share, valuing the transaction at approximately £300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 5/20/2022
HomeServe plc (HSV LN-£11.63-London) agreed to be acquired by Brookfield Infrastructure Funds. HomeServe provides home repair and improvement services to homeowners under the HomeServe brand. Under terms of the agreement HomeServe shareholders will receive £12.00 cash per share, valuing the transaction at approximately £4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 5/19/2022
ContourGlobal plc (GLO LN-£2.53-London) agreed to be acquired by KKR & Co., Inc. (KKR-$55.01-NYSE). ContourGlobal plc acquires, develops, and operates wholesale power generation businesses. Under terms of the agreement ContourGlobal shareholders will receive £2.636 cash per share, valuing the transaction at approximately £2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 5/17/2022
ManTech International Corp. (MANT-$95.65-NASDAQ) agreed to be acquired by The Carlyle Group, Inc. (CG-$38.53-NASDAQ). ManTech provides technology solutions and services for U.S. defense, intelligence community, and federal civilian agencies worldwide. Under terms of the agreement ManTech shareholders will receive $96.00 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 5/16/2022
Rattler Midstream LP (RTLR-$17.09-NASDAQ) agreed to be acquired by Diamondback Energy, Inc. (FANG-$152.02-NASDAQ). Rattler Midstream owns, operates, develops, and acquires midstream and energy-related infrastructure assets in the Midland and Delaware Basins of the Permian Basin. Under terms of the agreement Rattler shareholders will receive 0.113 shares of Diamondback common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 5/16/2022
Redbox Entertainment, Inc. (RDBX-$6.72-NASDAQ) agreed to be acquired by Chicken Soup for the Soul Entertainment, Inc. (CSSE-$6.64-NASDAQ). Redbox Entertainment operates a network of self-service kiosks in the U.S. Under terms of the agreement Redbox shareholders will receive 0.087 shares of Chicken Soup common stock per share, valuing the transaction at approximately $300 million. The transaction is subject to regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 5/11/2022
Switch, Inc. (SWCH-$33.75-NYSE) agreed to be acquired by IFM Investors and DigitalBridge Group, Inc. (DBRG-$6.02-NYSE). Switch provides colocation space and related services. Under terms of the agreement Switch shareholders will receive $34.25 cash per share, valuing the transaction at approximately $11 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 5/11/2022
Trecora Resources (TREC-$9.74-NYSE) agreed to be acquired by Balmoral Funds. Trecora Resources manufactures and sells various specialty petrochemicals products and specialty waxes in the U.S. Under terms of the agreement Trecora shareholders will receive $9.81 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2022. Announcement Date: 5/11/2022
Secure Income REIT plc (SIR LN-£4.70-London) agreed to be acquired by LXI REIT plc (LXI LN-£1.44-London). Secure Income REIT is a specialist UK REIT, investing in real estate assets that provide long term rental income with inflation protection. Under terms of the agreement Secure Income shareholders will receive 3.32 shares of LXI common stock per share, valuing the transaction at approximately £400 million. The transaction is subject to shareholder approval and is expected to close in the third quarter of 2022. Announcement Date: 5/11/2022
Swedish Match AB (SWMA SS-SEK100.90-Stockholm) agreed to be acquired by Philip Morris International, Inc. (PM-$105.96-NYSE). Swedish Match develops, manufactures, markets, and sells snus and other smokeless tobacco products, nicotine pouches, and other tobacco products in Scandinavia, the U.S., and internationally. Under terms of the agreement Swedish Match shareholders will receive SEK 106.00 cash per share, valuing the transaction at approximately $16 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2022. Announcement Date: 5/11/2022
Biohaven Pharmaceutical Holding Co. Ltd. (BHVN-$143.78-NYSE) agreed to be acquired by Pfizer, Inc. (PFE-$53.13-NYSE). Biohaven develops products targeting neurological and neuropsychiatric diseases, and rare disorders in the U.S. Under terms of the agreement Biohaven shareholders will receive $148.50 cash and 0.50 shares of New BioHaven common stock per share, valuing the transaction at approximately $12 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 5/10/2022
Hemisphere Media Group, Inc. (HMTV-$6.86-NASDAQ) agreed to be acquired by Gato Investments. Hemisphere Media Group operates Spanish-language media companies. Under terms of the agreement Hemisphere shareholders will receive $7.00 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 5/09/2022
Points.com, Inc. (PCOM-$24.67-NASDAQ) agreed to be acquired by Plusgrade. Points.com provides technology solutions to the loyalty industry in the U.S., Europe, and internationally. Under terms of the agreement Points.com shareholders will receive $25.00 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 5/09/2022
Hailiang Education Group, Inc. (HLG-$13.58-NASDAQ) agreed to be acquired by the Founder. Hailiang Education Group provides K-12 educational and management services in the People's Republic of China. Under terms of the agreement Hailiang shareholders will receive $14.31 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder approval and is expected to close in the third quarter of 2022. Announcement Date: 5/09/2022
Ideagen plc (IDEA LN-£3.48-London) agreed to be acquired by HG Pooled Management Ltd. Ideagen develops and sells information management software in the U.K., the U.S., Europe, and internationally. Under terms of the agreement Ideagen shareholders will receive £3.50 cash per share, valuing the transaction at approximately £1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 5/09/2022
ServiceSource International, Inc. (SREV-$1.46-NASDAQ) agreed to be acquired by Concentrix Corp. (CNXC-$154.89-NASDAQ). ServiceSource International provides business process-as-a-service solutions worldwide. Under terms of the agreement ServiceSource shareholders will receive $1.50 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 5/09/2022
Silicon Motion Technology Corp. (SIMO-$90.31-NASDAQ) agreed to be acquired by MaxLinear, Inc. (MXL-$39.59-NASDAQ). Silicon Motion designs, develops, and markets NAND flash controllers for solid-state storage devices. Under terms of the agreement Silicon shareholders will receive $93.54 cash and 0.388 shares of MaxLinear common stock per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 5/05/2022
Black Knight, Inc. (BKI-$67.82-NYSE) agreed to be acquired by Intercontinental Exchange, Inc. (ICE-$102.09-NYSE). Black Knight provides integrated software, data, and analytics solutions in North America and Internationally. Under terms of the agreement Black Knight shareholders will receive $85.00, in cash or stock, per share, valuing the transaction at approximately $16 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2023. Announcement Date: 5/04/2022
Ocean Outdoor Ltd. (OOUT LN-$9.80-London) agreed to be acquired by Atairos Group. Ocean Outdoor provides digital out-of-home advertising services in Denmark, Finland, Germany, Netherlands, Norway, Sweden, and the U.K. Under terms of the agreement Ocean shareholders will receive $10.40 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 5/03/2022
BlueCity Holdings Ltd. (BLCT-$1.34-NASDAQ) agreed to be acquired by the Founder. BlueCity operates a platform for the LGBTQ community primarily under BlueCity brand in the People's Republic of China, India, South Korea, Thailand, and Vietnam. Under terms of the agreement BlueCity shareholders will receive $1.60 cash per share, valuing the transaction at approximately $60 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 5/02/2022
LeoVegas AB (LEO SS-SEK60.10-Stockholm) agreed to be acquired by MGM Resorts International (MGM-$34.98-NYSE). LeoVegas AB operates as a mobile gaming company in Malta, Sweden, and internationally. Under terms of the agreement LeoVegas shareholders will receive SEK 61.00 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval and is expected to close in the second half of 2022. Announcement Date: 5/02/2022
Nomad Royalty Company Ltd. (NSR CN-C$9.88-Toronto) agreed to be acquired by Sandstorm Gold Ltd. (SSL CN-C$8.36-Toronto). Nomad Royalty Company operates as a gold and silver royalty company that purchases rights to the gold or silver produced from a mine. Under terms of the agreement Nomad shareholders will receive 1.21 shares of Sandstorm common stock per share, valuing the transaction at approximately C$550 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second half of 2022. Announcement Date: 5/02/2022
GTY Technology Holdings, Inc. (GTYH-$6.09-NASDAQ) agreed to be acquired by GI Partners. GTY Technology Holdings is a software-as-a-service (SaaS) company that offers a cloud-based suite of solutions for the public sector in North America. Under terms of the agreement GTY shareholders will receive $6.30 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to the tender of at least 67% of shares outstanding, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 4/29/2022
Albioma (ABIO FP-€50.55-Paris) agreed to be acquired by KKR & Co., Inc. (KKR-$50.97-NYSE). Albioma constructs and operates biomass, photovoltaics, and geothermal projects in France, Mauritius, and Brazil. Under terms of the agreement Albioma shareholders will receive €50.00 cash per share, valuing the transaction at approximately €2 billion. Albioma shareholders will also receive a special dividend of €0.84. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second half of 2022. Announcement Date: 4/28/2022
PS Business Parks, Inc. (PSB-$187.20-NYSE) agreed to be acquired by Blackstone Real Estate. PS Business Parks is a REIT that acquires, develops, owns, and operates commercial properties, primarily multi-tenant industrial, flex, and office space. Under terms of the agreement PS Business Parks shareholders will receive $187.50 cash per share, valuing the transaction at approximately $8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. PS Business Parks is also permitted to solicit superior bids from parties during a 30-day “go-shop” period. Announcement Date: 4/25/2022
Twitter, Inc. (TWTR-$49.02-NYSE) agreed to be acquired by Elon Musk. Twitter operates as a platform that allows users to consume, create, distribute, and discover content. Under terms of the agreement Twitter shareholders will receive $54.20 cash per share, valuing the transaction at approximately $44 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 4/25/2022
Natus Medical, Inc. (NTUS-$33.27-NASDAQ) agreed to be acquired by ArchiMed Group. Natus Medical provides medical device solutions focusing on the diagnosis and treatment of patients with central nervous and sensory system disorders worldwide. Under terms of the agreement Natus shareholders will receive $33.50 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 4/18/2022
Vidler Water Resources, Inc. (VWTR-$15.74-NASDAQ) agreed to be acquired by D. R. Horton, Inc. (DHI-$69.59-NYSE). Vidler Water Resources provides potable water resources to communities in the southwestern U.S. Under terms of the agreement Vidler shareholders will receive $12.75 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2022. Announcement Date: 4/14/2022
Atlantia SpA (ATL IM-€22.83-Milan) agreed to be acquired by the Bennetton Family and Blackstone. Atlantia constructs and operates motorways, airports and transport infrastructure, parking areas, and intermodal systems worldwide. Under terms of the agreement Atlantia shareholders will receive €23.00 cash per share, valuing the transaction at approximately €58 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval and is expected to close in the second half of 2022. Announcement Date: 4/14/2022
Basware Oyj (BAS1V FH-€39.65-Helsinki) agreed to be acquired by a Consortium of Investors. Basware provides networked purchase-to-pay solutions and e-invoicing services in the Americas, Europe, Nordics, and the Asia Pacific. Under terms of the agreement Basware shareholders will receive €41.10 cash per share, valuing the transaction at approximately €600 million. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval and is expected to close in the second half of 2022. Announcement Date: 4/14/2022
Uniti Group Ltd. (UWL AU-A$4.97-Sydney) agreed to be acquired by HRL Morrison & Co. and Brookfield Infrastructure Partners. Uniti Group provides various telecommunications products and services in Australia. Under terms of the agreement Uniti shareholders will receive A$5.00 cash per share, valuing the transaction at approximately A$4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 4/14/2022
Antares Pharma, Inc. (ATRS-$5.57-NASDAQ) agreed to be acquired by Halozyme Therapeutics, Inc. (HALO-$39.90-NASDAQ). Antares Pharma develops pharmaceutical products and technologies that address patient needs in targeted therapeutic areas. Under terms of the agreement Antares shareholders will receive $5.60 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first half of 2022. Announcement Date: 4/13/2022
Sierra Oncology, Inc. (SRRA-$54.51-NASDAQ) agreed to be acquired by GlaxoSmithKline plc (GSK-$45.28-NYSE). Sierra Oncology researches, develops, and commercializes therapies for the treatment of patients with hematology and oncology needs. Under terms of the agreement Sierra shareholders will receive $55.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 4/13/2022
VNET Group, Inc. (VNET-$5.97-NASDAQ) received an offer to be acquired by The Hina Group and Industrial Bank Co. VNET Group provides hosting and related services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in China. Under terms of the offer VNET shareholders would receive $8.00 cash per share. The proposal is under review, and we continue to monitor the situation. Announcement Date: 4/11/2022
SailPoint Technologies Holdings, Inc. (SAIL-$63.83-NYSE) agreed to be acquired by Thoma Bravo. SailPoint Technologies provides enterprise identity security solutions in the U.S., Europe, the Middle East, Africa, and internationally. Under terms of the agreement SailPoint shareholders will receive $65.25 cash per share, valuing the transaction at approximately $7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. SailPoint is also permitted to solicit superior bids from parties during a 35-day “go-shop” period. Announcement Date: 4/11/2022
Datto Holding Corp. (MSP-$34.70-NYSE) agreed to be acquired by Kaseya. Datto Holding provides cloud-based software and technology solutions for delivery through the managed service provider channel to small and medium businesses in the U.S. and internationally. Under terms of the agreement Datto shareholders will receive $35.50 cash per share, valuing the transaction at approximately $6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 4/11/2022
ResApp Health Ltd. (RAP AU-A$0.115-Sydney) agreed to be acquired by Pfizer, Inc. (PFE-$49.07-NYSE). ResApp develops digital healthcare solutions to assist doctors and allow patients to diagnose and manage respiratory disease. Under terms of the agreement ResApp shareholders will receive A$0.115 cash per share, valuing the transaction at approximately A$100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 4/11/2022
Euronav NV (EURN BR-€11.11-Brussels) received an offer to be acquired by Frontline Ltd. (FRO-$8.33-NYSE). Euronav NV engages in the transportation and storage of crude oil worldwide. Under terms of the offer Euronav shareholders would receive 1.45 shares of Frontline common stock per share, valuing the transaction at approximately €200 million. The proposal is under review, and we continue to monitor the situation. Announcement Date: 4/07/2022
CDK Global, Inc. (CDK-$54.41-NASDAQ) agreed to be acquired by Brookfield Business Partners. CDK Global provides integrated data and technology solutions to the automotive, heavy truck, recreation, and heavy equipment industries in the U.S. and internationally. Under terms of the agreement CDK shareholders will receive $54.87 cash per share, valuing the transaction at approximately $8 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2022. Announcement Date: 4/07/2022
Tufin Software Technologies Ltd. (TUFN-$12.90-NYSE) agreed to be acquired by Turn and River Capital. Tufin develops, markets, and sells software-based solutions primarily in the U.S., Israel, Europe, the Middle East, and Africa, Germany, the Asia Pacific, and internationally. Under terms of the agreement Tufin shareholders will receive $13.00 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 4/06/2022
Tivity Health, Inc. (TVTY-$32.13-NASDAQ) agreed to be acquired by Stone Point Capital. Tivity Health provides fitness and health products and solutions in the U.S. Under terms of the agreement Tivity shareholders will receive $32.50 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 4/05/2022
Manning & Napier, Inc. (MN-$12.77-NYSE) agreed to be acquired by Callodine Group LLC. Manning & Napier is a publicly owned investment manager. Under terms of the agreement Manning shareholders will receive $12.85 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Manning is also permitted to solicit superior bids from parties during a 40-day “go-shop” period. Announcement Date: 4/01/2022
CareTech Holdings plc (CTH LN-£7.37-London) received an offer to be acquired by Sheikh Holdings Group. CareTech Holdings provides care and support services for children and adults in the U.K. Under terms of the offer CareTech shareholders would receive £7.25 cash per share, valuing the transaction at approximately £800 million. The proposal is under review and we continue to monitor the situation. Announcement Date: 4/01/2022
Randall & Quilter Investment Holdings Ltd. (RQIH LN-£1.55-London) agreed to be acquired by Brickell PC Insurance Holdings. Randall & Quilter owns and manages insurance companies worldwide. Under terms of the agreement Randall shareholders will receive £1.75 cash per share, valuing the transaction at approximately £500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2023. Announcement Date: 4/01/2022
Brewin Dolphin Holdings plc (BRW LN-£5.12-London) agreed to be acquired by Royal Bank of Canada (RY CN-C$137.64-Toronto). Brewin Dolphin Holdings provides wealth management services in the U.K., the Channel Islands, and the Republic of Ireland. Under terms of the agreement Brewin shareholders will receive £5.15 cash per share, valuing the transaction at approximately £2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the end of the third quarter of 2022. Announcement Date: 3/31/2022
John Menzies plc (MNZS LN-£5.98-London) agreed to be acquired by Agility Public Warehousing Co. John Menzies provides aviation services in the U.K., U.S., Australia, and internationally. Under terms of the agreement John Menzies shareholders will receive £6.08 cash per share, valuing the transaction at approximately £600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the end of the third quarter of 2022. Announcement Date: 3/30/2022
QuestEx Gold & Copper Ltd. (QEX CN-C$1.13-Toronto) agreed to be acquired by Skeena Resources Ltd. (SKE CN-C$13.91-Toronto). QuestEx Gold & Copper engages in the acquisition, exploration, and development of mineral properties in Canada. Under terms of the agreement QuestEx shareholders will receive C$0.65 cash and 0.0367 shares of Skeena common stock per share, valuing the transaction at approximately C$60 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 3/30/2022
Nielsen Holdings plc (NLSN-$27.24-NYSE) agreed to be acquired by Evergreen Coast Capital and Brookfield Business Partners. Nielsen Holdings operates as a measurement and data analytics company worldwide. Under terms of the agreement Nielsen shareholders will receive $28.00 cash per share, valuing the transaction at approximately $16 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Nielsen is also permitted to solicit superior bids from parties during a 45-day “go-shop” period. Announcement Date: 3/29/2022
LHC Group, Inc. (LHCG-$168.60 -NASDAQ) agreed to be acquired by UnitedHealth Group, Inc. (UNH-$509.97-NYSE). LHC Group specializes in the post-acute continuum of care primarily for Medicare beneficiaries in the U.S. Under terms of the agreement LHC shareholders will receive $170.00 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 3/29/2022
Randolph Bancorp, Inc. (RNDB-$26.41-NASDAQ) agreed to be acquired by Hometown Financial Group. Randolph Bancorp operates as the bank holding company for Envision Bank that provides financial services to individuals, families, and small to mid-size businesses in Massachusetts, Rhode Island, and southern New Hampshire. Under terms of the agreement Randolph shareholders will receive $27.00 cash per share, valuing the transaction at approximately $150 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 3/28/2022
Neenah, Inc. (NP-$39.66-NYSE) agreed to be acquired by Schweitzer-Mauduit International, Inc. (SWM-$27.50-NYSE). Neenah engages in the performance-based technical products, and fine paper and packaging products businesses in North America, Germany, Spain, and rest of Europe. Under terms of the agreement Neenah shareholders will receive 1.358 shares of Schweitzer common stock per share, valuing the transaction at approximately $700 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second half of 2022. Announcement Date: 3/28/2022
Poly (POLY-$39.40-NYSE) agreed to be acquired by HP, Inc. (HPQ-$36.30-NYSE). Poly (previously known as Plantronics) designs, manufactures, markets, and sells integrated communications and collaborations solutions for corporate customers, small businesses, and individuals in the U.S., Europe, the Middle East, Africa, the Asia Pacific, and rest of the Americas. Under terms of the agreement Poly shareholders will receive $40.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the end of 2022. Announcement Date: 3/28/2022
Acacia Pharma Group plc (ACPH BB-€0.80-Brussels) agreed to be acquired by Eagle Pharmaceuticals, Inc. (EGRX-$49.49-NASDAQ). Acacia Pharma Group discovers, develops, and commercializes pharmaceutical products for patients undergoing surgery, other invasive procedures, or cancer chemotherapy treatments in the U.S. and internationally. Under terms of the agreement Acacia Pharma shareholders will receive €0.68 cash and 0.0049 shares of Eagle common stock per share, valuing the transaction at approximately €100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 3/28/2022
Instabank ASA (INSTA NO-NOK3.70-Oslo) agreed to be acquired by Lunar Group A/S. Instabank ASA provides various banking products and services in Norway. Under terms of the agreement Instabank shareholders will receive NOK 3.75 cash per share, valuing the transaction at approximately NOK 1 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2022. Announcement Date: 3/28/2022
Hibernia REIT plc (HBRN ID-€1.62-Ireland) agreed to be acquired by Brookfield Asset Management, Inc. (BAM-$56.57-NYSE). Hibernia REIT plc is an Irish Real Estate Investment Trust. Under terms of the agreement Hibernia shareholders will receive €1.60 cash per share, valuing the transaction at approximately €1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 3/25/2022
Emclaire Financial Corp. (EMCF-$37.52-NASDAQ) agreed to be acquired by Farmers National Banc Corp. (FMNB-$17.06-NASDAQ). Emclaire Financial operates as the bank holding company for The Farmers National Bank of Emlenton that provides retail and commercial financial products and services to individuals and businesses in western Pennsylvania. Under terms of the agreement Emclaire shareholders may elect to receive $40.00 cash or 2.15 shares of Farmers common stock per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 3/24/2022
Huttig Building Products, Inc. (HBP-$10.66-NASDAQ) agreed to be acquired by Woodgrain, Inc. Huttig Building Products distributes millwork, building materials, and wood products for new residential construction, in-home improvement, remodeling, and repair works in the U.S. Under terms of the agreement Huttig shareholders will receive $10.70 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2022. Announcement Date: 3/21/2022
Alleghany Corp. (Y-$847.00-NYSE) agreed to be acquired by Berkshire Hathaway, Inc. (BRK/A-$528,921.00-NYSE). Alleghany provides property and casualty reinsurance and insurance products in the U.S. and internationally. Under terms of the agreement Alleghany shareholders will receive $848.02 cash per share, valuing the transaction at approximately $12 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Alleghany is also permitted to solicit superior bids from parties during a 25-day “go-shop” period. Announcement Date: 3/21/2022
Anaplan, Inc. (PLAN-$65.05-NYSE) agreed to be acquired by Thoma Bravo. Anaplan provides a cloud-based connected planning platform to connect organizations and people in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Under terms of the agreement Anaplan shareholders will receive $66.00 cash per share, valuing the transaction at approximately $11 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2022. Announcement Date: 3/20/2022
Marrone Bio Innovations, Inc. (MBII-$1.08-NASDAQ) agreed to be acquired by Bioceres Crop Solutions Corp. (BIOX-$13.62-NASDAQ). Marrone Bio Innovations discovers, develops, produces, and promotes biological products for pest management, plant nutrition, and plant health in the U.S. and internationally. Under terms of the agreement Marrone shareholders will receive 0.088 shares of Bioceres common stock per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 3/16/2022
Summer Infant, Inc. (SUMR-$11.66-NASDAQ) agreed to be acquired by Kids2. Summer Infant designs, markets, and distributes branded juvenile safety and convenience products. Under terms of the agreement Summer Infant shareholders will receive $12.00 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 3/16/2022
Volt Information Sciences, Inc. (VOLT-$5.98-NYSE) agreed to be acquired by Vega Consulting. Volt Information Sciences provides traditional time, materials-based, and project-based staffing services in the U.S., Europe, Canada, and the Asia Pacific. Under terms of the agreement Volt shareholders will receive $6.00 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to the tender of at least 67% of shares outstanding, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 3/14/2022
Turquoise Hill Resources Ltd. (TRQ CN-C$37.54-Toronto) received an offer to be acquired by Rio Tinto plc (RIO LN-£60.81-London). Turquoise Hill Resources operates as a mining company in Southern Mongolia. Under terms of the offer Turquoise shareholders would receive C$34.00 cash per share, valuing the transaction at approximately C$3 billion. The offer is currently under review, and we continue to monitor the situation. Announcement Date: 3/14/2022
Umanis SA (ALUMS FP-€16.60-Paris) agreed to be acquired by CGI, Inc. (GIB-$79.83-NYSE). Umanis operates as a digital service company in France. Under terms of the agreement Umanis shareholders will receive €17.15 cash per share, valuing the transaction at approximately €300 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second half of 2022. Announcement Date: 3/11/2022
Gatling Exploration, Inc. (GTR CN-C$0.34-Toronto) agreed to be acquired by MAG Silver Corp. (MAG CN-C$20.24-Toronto). Gatling Exploration acquires, explores, and evaluates mineral properties in Canada. Under terms of the agreement Gatling shareholders will receive 0.0710627 shares of MAG common stock per share, valuing the transaction at approximately C$17 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 3/11/2022
Stagecoach Group plc (SGC LN-£1.06-London) agreed to be acquired by DWS Infrastructure. Stagecoach Group provides public transportation services in the U.K. Under terms of the agreement Stagecoach shareholders will receive £1.05 cash per share, valuing the transaction at approximately £600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the end of the first half of 2022. Announcement Date: 3/09/2022
Intertape Polymer Group, Inc. (ITP CN-C$39.68-Toronto) agreed to be acquired by Clearlake Capital Group LP. Intertape Polymer Group provides packaging and protective solutions for the industrial markets in North America, Europe, and internationally. Under terms of the agreement Intertape shareholders will receive C$40.50 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 3/08/2022
Mandiant, Inc. (MNDT-$22.31-NASDAQ) agreed to be acquired by Alphabet, Inc. (GOOGL-$2,781.35-NASDAQ). Mandiant provides cyber defense solutions. Under terms of the agreement Mandiant shareholders will receive $23.00 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 3/08/2022
Cornerstone Building Brands, Inc. (CNR-$24.32-NYSE) agreed to be acquired by Clayton, Dubilier & Rice. Cornerstone Building Brands designs, engineers, manufactures, markets, and installs external building products for the commercial, residential, and repair and remodel markets in the U.S., Canada, Mexico, and internationally. Under terms of the agreement Cornerstone shareholders will receive $24.65 cash per share, valuing the transaction at approximately $6 billion. Clayton, Dubilier & Rice first made an offer to acquire Cornerstone in February. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 3/07/2022
Whiting Petroleum Corp. (WLL-$81.51-NYSE) agreed to be acquired by Oasis Petroleum, Inc. (OAS-$146.30-NASDAQ). Whiting Petroleum develops and produces crude oil, natural gas, and natural gas liquids primarily in the Rocky Mountains region of the U.S. Under terms of the agreement Whiting shareholders will receive $6.25 cash and 0.5774 shares of Oasis common stock per share, valuing the transaction at approximately $6 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second half of 2022. Announcement Date: 3/07/2022
GHP Specialty Care AB (GHP SS-SEK34.50-Stockholm) agreed to be acquired by Ramsay Generale de Sante SA (GDS FP-€22.10-Paris). GHP Specialty Care provides healthcare services in the Nordic region and the United Arab Emirates. Under terms of the agreement GHP Specialty Care shareholders will receive SEK 35.00 cash per share, valuing the transaction at approximately SEK 3 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2022. Announcement Date: 3/07/2022
Next Games Oyj (NXTGMS FH-€2.05-Helsinki) agreed to be acquired by Netflix, Inc. (NFLX-$374.59-NASDAQ). Next Games develops and publishes mobile games in North America, Finland, rest of Europe, and internationally. Under terms of the agreement Next Games shareholders will receive €2.10 cash per share, valuing the transaction at approximately €65 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2022. Announcement Date: 3/02/2022
Prudential Bancorp, Inc. (PBIP-$16.46-NASDAQ) agreed to be acquired by Fulton Financial Corp. (FULT-$16.62-NASDAQ). Prudential Bancorp operates as the bank holding company for Prudential Bank that provides various banking products or services. Under terms of the agreement Prudential shareholders will receive $3.65 cash and 0.7974 shares of Fulton common stock per share, valuing the transaction at approximately $150 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Announcement Date: 3/02/2022
First Horizon Corp. (FHN-$23.48-NYSE) agreed to be acquired by The Toronto-Dominion Bank (TD CN-C$102.28-Toronto). First Horizon operates as the bank holding company for First Horizon Bank that provides various financial services. Under terms of the agreement First Horizon shareholders will receive $25.00 cash per share, valuing the transaction at approximately $13 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in late 2022, or early 2023. Announcement Date: 2/28/2022
Healthcare Trust of America, Inc. (HTA-$29.39-NYSE) agreed to be acquired by Healthcare Realty Trust, Inc. (HR-$26.08-NYSE). Healthcare Trust of America is the largest dedicated owner and operator of medical office buildings in the U.S. Under terms of the agreement Healthcare Trust shareholders will receive 1.0 share of Healthcare Realty common stock per share, as well as a $4.82 special dividend, valuing the transaction at approximately $8 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the third quarter of 2022. Announcement Date: 2/28/2022
IntriCon Corp. (IIN-$23.93-NASDAQ) agreed to be acquired by Altaris Capital Partners. IntriCon designs, develops, engineers, manufactures, and distributes body-worn devices in the U.S., Europe, Asia, and internationally. Under terms of the agreement IntriCon shareholders will receive $24.25 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. IntriCon is also permitted to solicit superior bids from parties during a 35-day “go-shop” period. Announcement Date: 2/28/2022
Renewable Energy Group, Inc. (REGI-$61.50-NASDAQ) agreed to be acquired by Chevron Corp. (CVX-$144.00-NYSE). Renewable Energy Group provides lower carbon transportation fuels in the U.S. and internationally. Under terms of the agreement Renewable Energy Group shareholders will receive $61.50 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 2/28/2022
South Jersey Industries, Inc. (SJI-$33.93-NYSE) agreed to be acquired by Infrastructure Investment Fund. South Jersey Industries provides energy-related products and services. Under terms of the agreement South Jersey shareholders will receive $36.00 cash per share, valuing the transaction at approximately $8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 2/24/2022
Tenneco, Inc. (TEN-$19.28-NYSE) agreed to be acquired by Apollo Funds. Tenneco designs, manufactures, and sells clean air, and powertrain products and systems for light vehicle, commercial truck, off-highway, industrial, motorsport, and aftermarket customers worldwide. Under terms of the agreement Tenneco shareholders will receive $20.00 cash per share, valuing the transaction at approximately $7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 2/23/2022
TEGNA, Inc. (TGNA-$22.92-NYSE) agreed to be acquired by Standard General LP. TEGNA operates television stations that deliver television programming and digital content in the U.S. Under terms of the agreement TEGNA shareholders will receive $24.00 cash per share, valuing the transaction at approximately $5 billion. The transaction also includes an additional cash consideration in the form of a “ticking fee” to be paid 9 months after signing. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 2/22/2022
Houghton Mifflin Harcourt Co. (HMHC-$20.95-NASDAQ) agreed to be acquired by Veritas Capital. Houghton Mifflin Harcourt provides curriculum, supplemental, intervention solutions, and professional learning services worldwide. Under terms of the agreement Houghton shareholders will receive $21.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2022. Announcement Date: 2/22/2022
Meritor, Inc. (MTOR-$35.61-NYSE) agreed to be acquired by Cummins, Inc. (CMI-$204.12-NYSE). Meritor designs, manufactures and sells integrated systems, modules, and components in North America, South America, Europe, and the Asia Pacific. Under terms of the agreement Meritor shareholders will receive $36.50 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the end of 2022. Announcement Date: 2/22/2022
Preferred Apartment Communities, Inc. (APTS-$25.26-NYSE) agreed to be acquired by Blackstone Real Estate Income Trust. Preferred Apartment Communities is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties. Under terms of the agreement Preferred Apartment shareholders will receive $25.00 cash per share, valuing the transaction at approximately $6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. Preferred Apartment is also permitted to solicit superior bids from parties during a 30-day “go-shop” period. Announcement Date: 2/16/2022
Filta Group Holdings plc (FLTA LN-£1.47-London) received an offer to be acquired by Franchise Brands plc (FRAN LN-£1.46-London). Filta Group Holdings franchises on-site environmental kitchen solutions in North America, the U.K., and mainland Europe. Under terms of the offer Filta shareholders would receive 1.157 shares of Franchise Brands common stock per share, valuing the transaction at approximately £50 million. We continue to monitor the situation. Announcement Date: 2/16/2022
MoneyGram International, Inc. (MGI-$10.74-NASDAQ) agreed to be acquired by Madison Dearborn Partners. MoneyGram provides cross-border peer-to-peer payments and money transfer services in the U.S. and internationally. Under terms of the agreement MoneyGram shareholders will receive $11.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2022. Announcement Date: 2/15/2022
Tower Semiconductor Ltd. (TSEM-$46.85-NASDAQ) agreed to be acquired by Intel Corp. (INTC-$47.70-NASDAQ). Tower Semiconductor operates foundries, proving manufacturing of integrated circuits (ICs) worldwide. Under terms of the agreement Tower shareholders will receive $53.00 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the first quarter of 2023. Announcement Date: 2/15/2022
BioDelivery Sciences International, Inc. (BDSI-$5.58-NASDAQ) agreed to be acquired by Collegium Pharmaceutical, Inc. (COLL-$19.47-NASDAQ). BioDelivery Sciences develops pharmaceutical products for chronic conditions in the U.S. and internationally. Under terms of the agreement BioDelivery shareholders will receive $5.60 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2022. Announcement Date: 2/14/2022
Cornerstone Building Brands, Inc. (CNR-$22.08-NYSE) received an offer to be acquired by Clayton, Dubilier & Rice. Cornerstone Building Brands designs, engineers, manufactures, markets, and installs external building products for the commercial, residential, and repair and remodel markets in the U.S., Canada, Mexico, and internationally. Under terms of the offer Cornerstone shareholders would receive $24.65 cash per share, valuing the transaction at approximately $3 billion. The offer is under review and we continue to monitor the situation. Announcement Date: 2/14/2022
Resonant, Inc. (RESN-$4.39-NASDAQ) agreed to be acquired by Murata Manufacturing Co. Ltd. (6981 JP-¥7,787-Tokyo). Resonant designs and develops filters for radio frequency and front-ends used in the mobile device, automotive, medical, internet-of-things, and related industries in Japan, China, and internationally. Under terms of the agreement Resonant shareholders will receive $4.50 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2022. Announcement Date: 2/14/2022
Crown Resorts Ltd. (CWN AU-A$12.38-Sydney) agreed to be acquired by Blackstone, Inc. (BX-$127.47-NYSE). Crown Resorts operates in the entertainment industry primarily in Australia. Under terms of the agreement Crown shareholders will receive A$13.10 cash per share, valuing the transaction at approximately A$9 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 2/13/2022
Avante Logixx, Inc. (XX CN-C$1.35-Toronto) agreed to be acquired by SSC Security Services Corp. (SECU CN-C$2.30-Toronto). Avante Logixx provides security services to residential, commercial, and enterprise clients in Canada. Under terms of the agreement Avante shareholders will receive C$0.52 cash and 0.4155 shares of SSC common stock per share, valuing the transaction at approximately C$37 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 2/09/2022
US Ecology, Inc. (ECOL-$47.44-NASDAQ) agreed to be acquired by Republic Services, Inc. (RSG-$120.28-NYSE). US Ecology provides environmental services to commercial and government entities in the U.S., Canada, Europe, the Middle East, Africa, Mexico, and internationally. Under terms of the agreement US Ecology shareholders will receive $48.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 2/09/2022
Spirit Airlines, Inc. (SAVE-$25.08-NYSE) agreed to be acquired by Frontier Group Holdings, Inc. (ULCC-$12.88-NASDAQ). Spirit Airlines provides airline services in 85 destinations in 16 countries in the U.S., Latin America, and the Caribbean. Under terms of the agreement Spirit shareholders will receive $2.13 cash and 1.9126 shares of Frontier common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 2/07/2022
SOC Telemed, Inc. (TLMD-$2.94-NASDAQ) agreed to be acquired by Patient Square Capital. SOC Telemed provides acute care telemedicine services and technology to hospitals, health systems, physician groups, and government organizations in the U.S. Under terms of the agreement SOC Telemed shareholders will receive $3.00 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. SOC Telemed is also permitted to solicit superior bids from parties during a 30-day “go-shop” period. Announcement Date: 2/03/2022
Citrix Systems, Inc. (CTXS-$101.94-NASDAQ) agreed to be acquired by Vista Equity Partners and Elliott Investment Management. Citrix Systems provides workspace, app delivery and security, and professional services worldwide. Under terms of the agreement Citrix shareholders will receive $104.00 cash per share, valuing the transaction at approximately $17 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close mid-2022. Announcement Date: 1/31/2022
LXP Industrial Trust (LXP-$14.89-NYSE) received an offer to be acquired by Land & Buildings Investment Management LLC. LXP owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial properties across the U.S. Under terms of the offer LXP shareholders would receive $16.00 cash per share. The offer is under review, and we continue to monitor the situation. Announcement Date: 1/31/2022
Air Partner plc (AIR LN-£1.24-London) agreed to be acquired by a Wheels Up Experience, Inc. (UP-$3.82-NYSE). Air Partner provides aircraft charter, aviation safety, security solutions, and managed services in the U.K., Europe, the U.S., and internationally. Under terms of the agreement Air Partner shareholders will receive £1.25 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 1/27/2022
Accell Group NV (ACCEL NA-€57.70-Amsterdam) agreed to be acquired by a Consortium of Investors led by KKR & Co., Inc. (KKR-$71.16-NYSE). Accell Group designs, develops, produces, and markets bicycles, and bicycle parts and accessories. Under terms of the agreement Accell shareholders will receive €58.00 cash per share, valuing the transaction at approximately €2 billion. The transaction is subject to the tender of at least 95% of shares outstanding, as well as regulatory approvals and is expected to close by the third quarter of 2022. Announcement Date: 1/24/2022
Exterran Corp. (EXTN-$5.46-NYSE) agreed to be acquired Enerflex Ltd. (EFX CN-C$7.20-Toronto). Exterran provides various solutions in the oil, gas, water, and power markets worldwide. Under terms of the agreement Exterran shareholders will receive 1.021 shares of Enerflex common stock per share, valuing the transaction at approximately $700 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close by the third quarter of 2022. Announcement Date: 1/24/2022
Zogenix, Inc. (ZGNX-$26.01-NASDAQ) agreed to be acquired by UCB SA (USB BR-€88.02-Brussels). Zogenix develops and commercializes therapies to transform the lives of patients and their families living with rare diseases in the U.S. Under terms of the agreement Zogenix shareholders will receive $26.00 cash per share, valuing the transaction at approximately $2 billion. The agreement also includes a Contingent Value Right (“CVR”) of $2.00 per share, which will be paid in the event FINTEPLA® is approved for use by the EU by December 2023. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 1/19/2022
Activision Blizzard, Inc. (ATVI-$79.01-NASDAQ) agreed to be acquired by Microsoft Corp. (MSFT-$310.98-NASDAQ). Activision Blizzard develops and publishes interactive entertainment content and services. Under terms of the agreement Activision shareholders will receive $95.00 cash per share, valuing the transaction at approximately $74 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in late 2022 or 2023. Announcement Date: 1/18/2022
Aspire Global plc (ASPIRE SS-SEK107.80-Stockholm) agreed to be acquired by NeoGames SA (NGMS-$23.67-NASDAQ). Aspire Global provides managed online gaming solutions to operators and white labels in the Nordic countries, the U.K., Ireland, rest of Europe, and internationally. Under terms of the agreement Aspire shareholders will receive SEK 111.00 cash or 0.32 shares of NeoGames common stock per share, valuing the transaction at approximately SEK 4 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 1/17/2022
Zynga (ZNGA-$9.07-NASDAQ) agreed to be acquired by Take-Two Interactive Software, Inc. (TTWO-$163.34-NASDAQ). Zynga provides social game services in the U.S. and internationally. Under terms of the agreement Zynga shareholders will receive $3.50 cash and $6.36 worth of Take-Two common stock per share, subject to a collar, valuing the transaction at approximately $13 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the second quarter of 2022. Zynga is also permitted to solicit superior bids from parties during a 45-day “go-shop” period. Announcement Date: 1/10/2022
Apria, Inc. (APR-$37.41-NASDAQ) agreed to be acquired by Owens & Minor, Inc. (OMI-$42.09-NYSE). Apria provides integrated home healthcare equipment and related services in the U.S. Under terms of the agreement Apria shareholders will receive $37.50 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2022. Announcement Date: 1/10/2022
Vocera Communications, Inc. (VCRA-$79.01-NYSE) agreed to be acquired by Stryker Corp. (SYK-$248.05-NYSE). Vocera Communications provides secure, integrated, and intelligent communication and workflow solutions that empowers mobile workers in the U.S. and internationally. Under terms of the agreement Vocera shareholders will receive $79.25 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 1/06/2022
Castlight Health, Inc. (CSLT-$2.04-NYSE) agreed to be acquired by Vera Whole Health. Castlight Health provides health navigation solutions for employers and health plan customers in education, manufacturing, retail, government, and technology industries in the U.S. Under terms of the agreement Castlight shareholders will receive $2.05 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 1/05/2022
Ortho Clinical Diagnostics Holdings plc (OCDX-$21.39-NASDAQ) agreed to be acquired by Quidel Corp. (QDEL-$134.99-NASDAQ). Ortho Clinical Diagnostics specializes in transfusion medicine, clinical chemistry, and laboratory consulting. Under terms of the agreement Ortho Clinical shareholders will receive $7.14 cash and 0.1055 shares of Quidel common stock per share, valuing the transaction at approximately $6 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first half of 2022. Announcement Date: 12/23/2021
Link Administration Holdings Ltd. (LNK AU-A$5.57-Sydney) agreed to be acquired by Dye & Durham Ltd. (DND CN-C$44.88-Toronto). Link Administration Holdings provides technology-enabled administration solutions for companies, large asset owners, and trustees worldwide. Under terms of the agreement Link Administration shareholders will receive A$5.50 cash per share, valuing the transaction at approximately C$3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 12/21/2021
HORNBACH Baumarkt AG (HBM GY-€47.65-Frankfurt) agreed to be acquired by HORNBACH Holding AG & Co. KGaA (HBH GY-€132.50-Frankfurt). HORNBACH Baumarkt operates as a do-it-yourself retail company in Europe. Under terms of the agreement HORNBACH Baumarkt shareholders will receive €47.50 cash per share, valuing the transaction at approximately €400 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2022. Announcement Date: 12/20/2021
Josemaria Resources, Inc. (JOSE CN-C$1.50-Toronto) agreed to be acquired by Lundin Mining Corp. (LUN CN-C$9.88-Toronto). Josemaria Resources acquires, explores, and develops mineral properties in South America. Under terms of the agreement Josemaria shareholders will receive C$1.60 cash or 0.1487 shares of Lundin common stock per share, valuing the transaction at approximately C$600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2022. Announcement Date: 12/20/2021
BP Midstream Partners LP (BPMP-$15.30-NYSE) agreed to be acquired by BP plc (BP-$26.63-NYSE). BP Midstream Partners owns, acquires, develops, and operates pipelines and other midstream assets in the U.S. Under terms of the agreement BP Midstream shareholders will receive 0.575 shares of BP plc common stock per share, valuing the transaction at approximately $700 million. The transaction is subject to regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 12/20/2021
Cerner Corp. (CERN-$92.87-NASDAQ) agreed to be acquired by Oracle Corp. (ORCL-$87.21-NYSE). Cerner provides health care information technology solutions and tech-enabled services in the U.S. and internationally. Under terms of the agreement Cerner shareholders will receive $95.00 cash per share, valuing the transaction at approximately $30 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first half of 2022. Announcement Date: 12/20/2021
Hexion Holdings Corp. (HXOH-$28.60-OTC) agreed to be acquired by American Securities. Hexion Holdings produces adhesives and performance materials in the U.S. and internationally. Under terms of the agreement Hexion shareholders will receive $30.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2022. Announcement Date: 12/20/2021
Verso Corp. (VRS-$27.02-NYSE) agreed to be acquired by BillerudKorsnäs AB (BILL SS-SEK170.70-Stockholm). Verso products and sells coated papers in North America. Under terms of the agreement Verso shareholders will receive $27.00 cash per share, valuing the transaction at approximately $800 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 12/19/2021
Bottomline Technologies, Inc. (EPAY-$56.47-NASDAQ) agreed to be acquired by Thoma Bravo. Bottomline Technologies provides various solutions for the financial, healthcare, technology, communications, and government industries. Under terms of the agreement Bottomline shareholders will receive $57.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 12/17/2021
Fanhua, Inc. (FANH-$7.28-NASDAQ) received an offer to be acquired by a Consortium of Investors. Fanhua distributes insurance products in China. Under terms of the offer Fanhua shareholders would receive $9.80 cash per share, valuing the transaction at approximately $300 million. We continue to monitor the situation. Announcement Date: 12/16/2021
Western Areas Ltd. (WSA AU-A$3.43-Sydney) agreed to be acquired by IGO Ltd. (IGO AU-A$11.47-Sydney). Western Areas mines for, processes, and sells nickel sulphide concentrates and other base metals in Australia. Under terms of the agreement Western Areas shareholders will receive A$3.36 cash per share, valuing the transaction at approximately A$1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 12/16/2021
CMC Materials, Inc. (CCMP-$191.69-NASDAQ) agreed to be acquired by Entegris, Inc. (ENTG-$138.58-NASDAQ). CMC Materials provides consumable materials to semiconductor manufacturers, and pipeline and adjacent industry customers in North America, Asia, Europe, the Middle East, Africa, and South America. Under terms of the agreement CMC Materials shareholders will receive $133.00 cash and 0.4506 shares of Entegris common stock per share, valuing the transaction at approximately $7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 12/15/2021
R.R. Donnelley & Sons Co. (RRD-$11.26-NYSE) agreed to be acquired by Chatham Asset Management LLC. R.R. Donnelley & Sons enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. Under terms of the agreement R.R. Donnelley shareholders will receive $10.85 cash per share, valuing the transaction at approximately $2 billion. R.R. Donnelley previously agreed to be acquired by Atlas Holdings LLC for $8.52 cash per share in November 2021, which was subsequently increased to $10.35 cash. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2022. Announcement Date: 12/14/2021
Terminix Global Holdings, Inc. (TMX-$45.23-NYSE) agreed to be acquired by Rentokil Initial plc (RTO LN-£5.84-London). Terminix provides residential and commercial termite and pest management services. Under terms of the agreement Terminix shareholders will receive $11.00 cash and 5.3094 shares of Rentokil common stock per share, valuing the transaction at approximately $7 billion. The transaction is subject to approval by shareholders of both companies, as well was regulatory approval and is expected to close in the second half of 2022. Announcement Date: 12/14/2021
SPX FLOW, Inc. (FLOW-$86.48-NYSE) agreed to be acquired by Lone Star Funds. SPX FLOW designs and services process technology solutions that perform mixing, blending, fluid handling, separation, and thermal heat transfer. Under terms of the agreement SPX shareholders will receive $86.50 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2022. Announcement Date: 12/13/2021
Arena Pharmaceuticals, Inc. (ARNA-$92.94-NASDAQ) agreed to be acquired by Pfizer Inc. (PFE-$59.05-NYSE). Arena Pharmaceuticals focuses on developing novel medicines in the areas of gastroenterology, dermatology, and cardiology. Under terms of the agreement Arena shareholders will receive $100.00 cash per share, valuing the transaction at approximately $6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2022. Announcement Date: 12/13/2021
Great Bear Resources Ltd. (GBR CN-C$28.84-Toronto) agreed to be acquired by Kinross Gold Corp. (K CN-C$7.34-Toronto). Great Bear Resources operates as a mineral exploration company in Canada. Under terms of the agreement Great Bear shareholders will receive C$29.00 cash or 3.8564 shares of Kinross common stock per share, valuing the transaction at approximately C$2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 12/08/2021
Mimecast Ltd. (MIME-$79.57-NASDAQ) agreed to be acquired by Permira. Mimecast provides cloud security and risk management services for corporate information and email. Under terms of the agreement Mimecast shareholders will receive $80.00 cash per share, valuing the transaction at approximately $6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2022. Mimecast is also permitted to solicit superior bids from parties during a 30-day “go-shop” period. Announcement Date: 12/07/2021
Del Taco Restaurants, Inc. (TACO-$12.45-NASDAQ) agreed to be acquired by Jack in the Box, Inc. (JACK-$87.48-NASDAQ). Del Taco Restaurants develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the U.S. Under terms of the agreement Del Taco shareholders will receive $12.51 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 12/06/2021
GCP Applied Technologies, Inc. (GCP-$31.66-NYSE) agreed to be acquired by Compagnie de Saint-Gobain S.A. (SGO FP-€61.87-Paris). GCP Applied Technologies produces specialty construction chemicals and specialty building materials. Under terms of the agreement GCP shareholders will receive $32.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 12/06/2021
Intertrust NV (INTER NA-€19.60-Amsterdam) agreed to be acquired by Corporation Service Company. Intertrust provides corporate, fund, capital market, and private wealth services in Western Europe, the Americas, and internationally. Under terms of the agreement Intertrust shareholders will receive €20.00 cash per share, valuing the transaction at approximately €2 billion. The transaction is subject to regulatory approval and is expected to close in the second half of 2022. Announcement Date: 12/06/2021
Amarillo Gold Corp. (AGC CN-C$0.41-Toronto) agreed to be acquired by Hochschild Mining plc (HOC LN-£1.32-London). Amarillo Gold engages in the acquisition and exploration of mineral properties, primarily in Brazil. Under terms of the agreement Amarillo shareholders will receive C$0.40 cash and 1 share of SpinCo per share, valuing the transaction at approximately C$200 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first quarter of 2022. Announcement Date: 11/29/2021
Vivo Energy plc (VVO LN-£1.32-London) agreed to be acquired by Vitol Investment Partners. Vivo Energy operates as a retailer and distributor of fuels and lubricants in Africa. Under terms of the agreement Vivo Energy shareholders will receive £1.39 cash per share, valuing the transaction at approximately £2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 11/25/2021
Telecom Italia S.p.A. (TIT IM-€0.46-Milan) received an offer to be acquired by KKR & Co., Inc. (KKR-$74.45-NYSE). Telecom Italia provides fixed and mobile telecommunications services in Italy and internationally. Under terms of the offer Telecom Italia shareholders would receive €0.505 cash per share, valuing the transaction at approximately €33 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 11/22/2021
Goodrich Petroleum Corp. (GDP-$23.00-NYSE) agreed to be acquired by EnCap Energy Capital Funds. Goodrich Petroleum engages in the exploration, development, and production of oil and natural gas properties in the U.S. Under terms of the agreement Goodrich shareholders will receive $23.00 cash per share, valuing the transaction at approximately $500 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close by the end of 2021. Announcement Date: 11/22/2021
Lee Enterprises, Inc. (LEE-$24.81-NASDAQ) received an offer to be acquired by Alden Global Capital LLC. Lee Enterprises provides local news and information, and advertising services in the U.S. Under terms of the agreement Lee shareholders will receive $24.00 cash per share, valuing the transaction at approximately $140 million. The proposal is under review, and we continue to monitor the situation. Announcement Date: 11/22/2021
Vonage Holdings Corp. (VG-$20.62-NASDAQ) agreed to be acquired by Telefonaktiebolaget LM Ericsson (ERIC/B SS-SEK91.16-Stockholm). Vonage Holdings is a business-to-business cloud communications company in the U.S., Canada, the U.K., the E.U., and Asia. Under terms of the agreement Vonage shareholders will receive $21.00 cash per share, valuing the transaction at approximately $6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2022. Announcement Date: 11/22/2021
Spirit of Texas Bancshares, Inc. (STXB-$27.80-NASDAQ) agreed to be acquired by Simmons First National Corp. (SFNC-$29.11-NASDAQ). Spirit of Texas Bancshares operates as the holding company for Spirit of Texas Bank SSB that provides various commercial and retail banking services. Under terms of the agreement Spirit of Texas shareholders will receive 1.063 shares of Simmons common stock per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 11/19/2021
Dicerna Pharmaceuticals, Inc. (DRNA-$38.01-NASDAQ) agreed to be acquired by Novo Nordisk. Dicerna Pharmaceuticals focuses on the discovery, development, and commercializing of ribonucleic acid interference (RNAi)-based pharmaceuticals. Under terms of the agreement Dicerna shareholders will receive $38.25 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 11/18/2021
Casper Sleep, Inc. (CSPR-$6.54-NYSE) agreed to be acquired by Durational Capital Management LP. Casper Sleep designs and sells sleep products to consumers in the U.S., Canada, and Europe. Under terms of the agreement Casper shareholders will receive $6.90 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 11/15/2021
CoreSite Realty Corp. (COR-$171.05-NYSE) agreed to be acquired by American Tower Corp. (AMT-$262.48-NYSE). CoreSite Realty delivers secure, reliable, high-performance data center, cloud access and interconnection solutions to a growing customer ecosystem across eight key North American markets. Under terms of the agreement CoreSite shareholders will receive $170.00 cash per share, valuing the transaction at approximately $10 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close by the end of 2021. Announcement Date: 11/15/2021
CyrusOne, Inc. (CONE-$89.02-NASDAQ) agreed to be acquired by KKR & Co., Inc. (KKR-$74.45-NYSE) and Global Infrastructure Partners. CyrusOne is a premier global REIT specializing in design, construction and operation of more than 50 high-performance data centers worldwide. Under terms of the agreement CyrusOne shareholders will receive $90.50 cash per share, valuing the transaction at approximately $15 billion. The transaction is subject to the shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 11/15/2021
Pretium Resources, Inc. (PVG CN-C$17.28-Toronto) agreed to be acquired by Newcrest Mining Ltd. (NCM AU-A$23.62-Sydney). Pretium Resources acquires, explores for, and develops precious metal resource properties in the Americas. Under terms of the agreement Pretium shareholders will receive C$18.50 cash or 0.8084 shares of Newcrest common stock per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 11/09/2021
Dover Motorsports, Inc. (DVD-$3.60-NYSE) agreed to be acquired by Speedway Motorsports LLC. Dover Motorsports markets and promotes motorsports entertainment in the U.S. Under terms of the agreement Dover shareholders will receive $3.61 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close by the end of 2021. Announcement Date: 11/08/2021
McAfee Corp. (MCFE-$25.85-NASDAQ) agreed to be acquired by a Consortium of Investors. McAfee provides various integrated security, privacy, and trust solutions to consumers in the U.S. and internationally. Under terms of the agreement McAfee shareholders will receive $26.00 cash per share, valuing the transaction at approximately $14 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2022. Announcement Date: 11/08/2021
Metromile, Inc. (MILE-$2.54-NASDAQ) agreed to be acquired by Lemonade, Inc. (LMND-$49.45-NYSE). Metromile provides pay-per-mile car insurance services in the U.S. and internationally. Under terms of the agreement Metromile shareholders will receive 0.05263 shares of Lemonade common stock per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 11/08/2021
R.R. Donnelley & Sons Co. (RRD-$10.56-NYSE) agreed to be acquired by Atlas Holdings LLC. R.R. Donnelley & Sons enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. Under terms of the agreement R.R. Donnelley shareholders will receive $8.52 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2022. R.R. Donnelley is also permitted to solicit superior bids from parties during a 25-day “go-shop” period. Announcement Date: 11/03/2021
Rogers Corp. (ROG-$272.62-NYSE) agreed to be acquired by DuPont de Nemours, Inc. (DD-$73.96-NYSE). Rogers designs, develops, manufactures, and sells engineered materials and components worldwide. Under terms of the agreement Rogers shareholders will receive $277.00 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2022. Announcement Date: 11/02/2021
Momentive Global, Inc. (MNTV-$22.92-NASDAQ) agreed to be acquired by Zendesk, Inc. (ZEN-$101.88-NYSE). Momentive Global provides software solutions that help companies turn stakeholder feedback into action in the U.S. and internationally. Under terms of the agreement Momentive shareholders will receive 0.225 shares of Zendesk common stock per share, valuing the transaction at approximately $4 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first half of 2022. Announcement Date: 10/28/2021
zooplus AG (ZO1 GR-€478.40-Frankfurt) agreed to be acquired by Hellman & Friedman. zooplus operates as an online retailer of pet products. Under terms of the agreement zooplus shareholders will receive €480.00 cash per share, valuing the transaction at approximately €3.4 billion. zooplus previously agreed to be acquired by Hellman & Friedman for €390.00 cash in August, which was subsequently increased to €480.00 cash in September. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 10/25/2021
Cominar Real Estate Investment Trust (CUF.UN CN–C$11.55-Toronto) agreed to be acquired by Canderel Real Estate Property, Inc. Cominar is one of the largest diversified real estate investment trusts in Canada and is the largest commercial property owner in the Province of Quebec. Under terms of the agreement Cominar shareholders will receive C$11.75 cash per share, valuing the transaction at approximately C$6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 10/24/2021
FTS International, Inc. (FTSI-$26.50-NYSE) agreed to be acquired by ProFrac Holdings LLC. FTS International provides hydraulic fracturing services in North America. Under terms of the agreement FTS International shareholders will receive $26.52 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. FTS is also permitted to solicit superior bids from parties during a 45-day “go-shop” period. Announcement Date: 10/22/2021
TriState Capital Holdings, Inc. (TSC-$30.05-NASDAQ) agreed to be acquired by Raymond James Financial, Inc. (RJF-$98.58-NYSE). TriState Capital Holdings is the bank holding company for TriState Capital Bank that provides various commercial and private banking services to middle-market businesses and high-net-worth individuals in the U.S. Under terms of the agreement TriState shareholders will receive $6.00 cash and 0.25 shares of Raymond James common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in 2022. Announcement Date: 10/20/2021
Atrium European Real Estate Ltd. (ATRS AV-€3.55-Vienna) agreed to be acquired by Gazit Globe Ltd. (GZT IT-Ils2,581-Tel Aviv). Atrium European Real Estate is an owner and redeveloper of shopping centers and retail real estate in Central Europe. Under terms of the agreement Atrium shareholders will receive €3.63 cash per share, valuing Atrium at approximately €1.2 billion. Atrium had previously agreed to be acquired by Gazit in July 2019 for €3.75 cash, but the deal later broke in October 2019. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 10/18/2021
Z Energy Ltd. (ZEL NZ-NZ$3.60-New Zealand) agreed to be acquired by Ampol Ltd. (ALD AU-A$30.55-Sydney). Z Energy sells transport fuel in New Zealand. Under terms of the agreement Z Energy shareholders will receive NZ$3.78 cash per share, valuing the transaction at approximately NZ$3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2022. Announcement Date: 10/12/2021
Adamas Pharmaceuticals, Inc. (ADMS-$8.11-NASDAQ) agreed to be acquired by Supernus Pharmaceuticals, Inc. (SUPN-$29.85-NASDAQ). Adamas Pharmaceuticals focuses on the discovery, development, and commercialization of medicines for patients suffering from chronic neurologic disorders in the U.S. Under terms of the agreement Adamas shareholders will receive $8.10 cash per share, valuing the transaction at approximately $400 million. The agreement also includes two Contingent Value Rights (“CVRs”) of up to $1.00 per share, which will be paid in the event predefined sales milestones are achieved by 2025. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close by the first quarter of 2022. Announcement Date: 10/11/2021
Flexion Therapeutics, Inc. (FLXN-$9.25-NASDAQ) agreed to be acquired by Pacira BioSciences, Inc. (PCRX-$52.28-NASDAQ). Flexion Therapeutics focuses on the discovery, development, and commercialization of therapies for the treatment of patients with musculoskeletal conditions in the U.S. Under terms of the agreement Flexion shareholders will receive $8.50 cash per share, valuing the transaction at approximately $600 million. The agreement also includes a Contingent Value Right (“CVR”) of up to $8.00 per share, which will be paid in the event predefined regulatory and sales milestones are achieved by 2030. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 10/11/2021
Neo Lithium Corp. (NLC CN-C$6.26-Toronto) agreed to be acquired by Zijin Mining Group Co. Ltd. (2899 HK-HKD10.84-Hong Kong). Neo Lithium engages in the exploration and development of resource properties. Under terms of the agreement Neo Lithium shareholders will receive C$6.50 cash per share, valuing the transaction at approximately C$1 billion. The transaction is subject to the tender of at least two thirds of shares outstanding, as well as regulatory approval and is expected to close in the first half of 2022. Announcement Date: 10/08/2021
Elmira Savings Bank (ESBK-$22.76-NASDAQ) agreed to be acquired by Community Bank System, Inc. (CBU-$71.53-NYSE). Elmira Savings Bank provides financial services to consumers and businesses. Under terms of the agreement Elmira shareholders will receive $23.10 cash per share, valuing the transaction at approximately $83 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 10/04/2021
Teekay LNG Partners LP (TGP-$17.08-NYSE) agreed to be acquired by Stonepeak. Teekay LNG Partners provides marine transportation services focusing on liquefied natural gas (LNG) and liquefied petroleum gas (LPG) worldwide. Under terms of the agreement Teekay shareholders will receive $17.00 cash per share, valuing the transaction at approximately $6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 10/04/2021
Veoneer, Inc. (VNE-$35.20-NYSE) agreed to be acquired by QUALCOMM, Inc. (QCOM-$133.04-NASDAQ). Veoneer designs, develops, and manufactures automotive safety electronics primarily in North America, Europe, and Asia. Under terms of the agreement Veoneer shareholders will receive $37.00 cash per share, valuing the transaction at approximately $4.1 billion. Veoneer previously agreed to be acquired by Magna International, Inc. (MGA-$81.30-NYSE) in July 2021 for $31.25 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in 2022. Announcement Date: 10/04/2021
Wm Morrison Supermarkets plc (MRW LN-London) agreed to be acquired by Clayton, Dubilier & Rice. Wm Morrison Supermarkets operates retail supermarket stores under the Morrisons brand name in the U.K. Under terms of the agreement Wm Morrison shareholders received £2.87 cash per share, valuing the transaction at approximately £6 billion. Wm Morrison had previously received numerous offers to be acquired by Clayton, Dubilier & Rice and Fortress Investment Group LLC since June 2021. The transaction was subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and closed on 27th October. Announcement Date: 10/02/2021
Acceleron Pharma, Inc. (XLRN-$172.16-NASDAQ) agreed to be acquired by Merck & Co., Inc. (MRK-$75.11-NYSE). Acceleron Pharma focuses on the discovery, development, and commercialization of therapeutics to treat serious and rare diseases. Under terms of the agreement Acceleron shareholders will receive $180.00 cash per share, valuing the transaction at approximately $12 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 9/30/2021
GreenSky, Inc. (GSKY-$11.18-NASDAQ) agreed to be acquired by The Goldman Sachs Group, Inc. (GS-$377.76-NYSE). GreenSky is a technology company that enables promotional financing at the point of sale for merchants, consumers, and bank partners. Under terms of the agreement GreenSky shareholders will receive 0.03 shares of Goldman common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 9/30/2021
Kirkland Lake Gold Ltd. (KL CN-C$52.76-Toronto) agreed to be acquired by Agnico Eagle Mines Ltd. (AEM CN-C$65.71-Toronto). Under terms of the agreement Kirkland shareholders will receive 0.7935 shares of Agnico common stock per share, valuing the transaction at approximately C$15 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first quarter of 2022. Announcement Date: 9/28/2021
Kraton Corp. (KRA-$45.63-NYSE) agreed to be acquired by DL Chemical Co., Ltd. Kraton manufactures and sells styrenic block copolymers, specialty polymers, and other products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Under terms of the agreement Kraton shareholders will receive $46.50 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2022. Announcement Date: 9/27/2021
Zooplus AG (ZO1 GY-€487.00-Frankfurt) received an offer to be acquired by EQT AB (EQT-SEK366.00-Stockholm). Zooplus is an online pet product retailer. Under terms of the offer Zooplus shareholders would receive €470.00 cash per share, valuing the transaction at approximately €3.4 billion. Zooplus previously agreed to be acquired by Hellman & Friedman first in August for €390 cash per share, which was later increased to €460 cash per share, or about €3.3 billion, in September. We continue to monitor the situation. Announcement Date: 9/25/2021
Biotest AG (BIO GY-€43.60-Frankfurt) agreed to be acquired by Grifols S.A. (GRF SM-€21.08-Madrid). Biotest develops, manufactures, and sells biological and biotechnological pharmaceutical products in Germany and internationally. Under terms of the agreement Biotest shareholders will receive €43.00 cash per share, valuing the transaction at approximately €2 billion. The transaction is subject to regulatory approval and is expected to close in the first half of 2022. Announcement Date: 9/17/2021
Great Western Bancorp, Inc. (GWB-$32.76-NYSE) agreed to be acquired by First Interstate BancSystem, Inc. (FIBK-$40.26-NASDAQ). Great Western Bancorp is the holding company of Great Western Bank that provides business and agri-business banking, retail banking, and wealth management services in the U.S. Under terms of the agreement Great Western shareholders will receive 0.8425 shares of First Interstate common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 9/16/2021
Kansas City Southern (KSU-$270.64-NYSE) agreed to be acquired by Canadian Pacific Railway Ltd. (CP-$65.07-NYSE) under improved terms. Kansas City Southern provides domestic and international rail transportation services in North America. Under terms of the agreement Kansas City shareholders will receive $90.00 cash and 2.884 shares of Canadian Pacific common stock per share, valuing the transaction at approximately $31 billion. Kansas City had previously agreed to be acquired by Canadian National Railway Co. (CNI-$115.65-NYSE) for $33 billion in May after numerous offers from both companies. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 9/15/2021
Corvus Gold, Inc. (KOR CN-C$4.04 -Toronto) agreed to be acquired by AngloGold Ashanti Ltd. (AU-$15.99-NYSE). Corvus Gold acquires, explores for, and develops mineral properties primarily in Canada and the U.S. Under terms of the agreement Corvus shareholders will receive C$4.10 cash per share, valuing the transaction at approximately C$600 million. AngloGold previously made a non-binding offer to acquire Corvus Gold for C$4.00 cash per share in July 2021. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 9/13/2021
Ocean Yield ASA (OCY NO-NOK41.04-Oslo) agreed to be acquired by KKR & Co., Inc. (KKR-$60.88-NYSE). Ocean Yield invests in vessels on long-term charters in Norway. Under terms of the agreement Ocean Yield shareholders will receive NOK 41.00 cash per share, valuing the transaction at approximately NOK 7 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 9/13/2021
Itamar Medical Ltd. (ITMR-$30.22-NASDAQ) agreed to be acquired by ZOLL Medical Corp. Itamar Medical develops and commercializes non-invasive medical devices and solutions for the treatment of respiratory sleep disorders. Under terms of the agreement Itamar shareholders will receive $31.00 cash per share, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 9/13/2021
Echo Global Logistics, Inc. (ECHO-$47.71-NASDAQ) agreed to be acquired by The Jordan Company LP. Echo Global Logistics provides technology-enabled transportation and supply chain management solutions in the U.S. Under terms of the agreement Echo shareholders will receive $48.25 cash per share, valuing the transaction at approximately $1.4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 9/10/2021
JMP Group LLC (JMP-$7.46-NYSE) agreed to be acquired by Citizens Financial Group, Inc. (CFG-$47.02-NYSE). JMP Group provides investment banking, sales and trading, equity research, and asset management products and services in the U.S. Under terms of the agreement JMP Group shareholders will receive $7.50 cash per share, valuing the transaction at approximately $149 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 9/08/2021
Kadmon Holdings, Inc. (KDMN-$8.71-NASDAQ) agreed to be acquired by Sanofi (SAN FP-€83.08-Paris). Kadmon Holdings discovers, develops, and commercializes small molecules and biologics primarily for the treatment of inflammatory and fibrotic diseases. Under terms of the agreement Kadmon shareholders will receive $9.50 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 9/08/2021
Columbia Property Trust, Inc. (CXP-$19.02-NYSE) agreed to be acquired by PIMCO. Columbia Property Trust creates value through owning, operating, and developing Class-A office buildings in New York, San Francisco, Washington D.C., and Boston. Under terms of the agreement Columbia Property shareholders will receive $19.30 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 9/07/2021
Hill-Rom Holdings, Inc. (HRC-$150.00-NYSE) agreed to be acquired by Baxter International, Inc. (BAX-$80.43-NYSE). Hill-Rom Holdings is a medical technology company that offers patient beds and monitoring and diagnostics products. Under terms of the agreement Hill-Rom shareholders will receive $156.00 cash per share, valuing the transaction at approximately $12 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 9/02/2021
Santander Consumer USA Holdings, Inc. (SC-$41.73-NYSE) agreed to be acquired by Santander Holdings USA, Inc. Santander Consumer USA Holdings provides vehicle finance and third-party servicing in the U.S. Under terms of the agreement Santander Consumer shareholders will receive $41.50 cash per share, valuing the transaction at approximately $13 billion. Santander Holdings had previously made an offer to acquire Santander Consumer for $39.00 cash in July 2021. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 8/24/2021
Triple-S Management Corp. (GTS-$35.50-NYSE) agreed to be acquired by GuideWell Mutual Holding Corp. Triple-S Management provides a portfolio of managed care and related products in the commercial, Medicare Advantage, and Medicaid markets. Under terms of the agreement Triple-S shareholders will receive $36.00 cash per share, valuing the transaction at approximately $900 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2022. Announcement Date: 8/24/2021
Trillium Therapeutics, Inc. (TRIL-$17.23-NASDAQ) agreed to be acquired by Pfizer, Inc. (PFE-$46.07-NYSE). Trillium Therapeutics develops therapies for the treatment of cancer. Under terms of the agreement Trillium shareholders will receive $18.50 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals. No closing guidance has been provided at this time. Announcement Date: 8/23/2021
Inovalon Holdings, Inc. (INOV-$40.85-NASDAQ) agreed to be acquired by a Consortium of Investors led by Nordic Capital. Inovalon Holdings provides cloud-based platforms for data-driven healthcare. Under terms of the agreement Inovalon shareholders will receive $41.00 cash per share, valuing the transaction at approximately $7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in late 2021. Announcement Date: 8/19/2021
IEC Electronics Corp. (IEC-$15.27-NASDAQ) agreed to be acquired by Creation Technologies, Inc. IEC Electronics provides electronic manufacturing services in the U.S. Under terms of the agreement IEC shareholders will receive $15.35 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to the tender of at least 67% of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2021. IEC is also permitted to solicit superior bids from parties during a 35-day “go-shop” period. Announcement Date: 8/12/2021
Stock Spirits Group plc (STCK LN-£3.93-London) agreed to be acquired by CVC Advisers Ltd. Stock Spirits Group produces and distributes branded spirits in Central and Eastern Europe, and Italy. Under terms of the agreement Stock Spirits shareholders will receive £3.77 cash per share, valuing the transaction at approximately £800 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the end of 2021. Announcement Date: 8/12/2021
The ExOne Co. (XONE-$24.55-NASDAQ) agreed to be acquired by Desktop Metal, Inc. (DM-$8.30-NYSE). ExOne develops, manufactures, and markets 3D printing machines, 3D printed and other products, materials, and services to industrial customers in the U.S., Germany, and Japan. Under terms of the agreement ExOne shareholders will receive $8.50 cash and $17.00 worth of Desktop common stock per share, subject to a collar, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 8/11/2021
WPT Industrial REIT (WIR/U CN-C$21.76-Toronto) agreed to be acquired by Blackstone REIT, Inc. WPT Industrial REIT acquires, develops, manages and owns distribution and logistics properties located in the U.S. Under terms of the agreement WPT shareholders will receive $22.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 8/09/2021
Golden Nugget Online Gaming, Inc. (GNOG-$21.60-NASDAQ) agreed to be acquired by DraftKings, Inc. (DKNG-$59.29-NASDAQ). Golden Nugget Online Gaming is an online gaming and digital sports entertainment company. Under terms of the agreement Golden Nugget shareholders will receive 0.365 shares of DraftKings common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 8/09/2021
American National Group, Inc. (ANAT-$192.50-NASDAQ) agreed to be acquired by Brookfield Asset Management Reinsurance Partners Ltd. (BAMR-$61.10-NYSE). American National Group provides life insurance, annuities, property and casualty insurance, health insurance, credit insurance, and pension products in the U.S. Under terms of the agreement American National shareholders will receive $190.00 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to regulatory approval, as shareholder written approval has already been provided, and is expected to close in the first half of 2022. Announcement Date: 8/09/2021
Sanderson Farms, Inc. (SAFM-$196.50-NASDAQ) agreed to be acquired by Cargill and Continental Grain Co. Sanderson Farms produces, processes, markets, and distributes fresh, frozen, and prepared chicken products in the U.S. Under terms of the agreement Sanderson shareholders will receive $203.00 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 8/09/2021
Select Interior Concepts, Inc. (SIC-$14.26-NASDAQ) agreed to be acquired by Sun Capital Partners, Inc. Select Interior Concepts installs and distributes interior building products for residential interior design services markets in the U.S. Under terms of the agreement Select Interior shareholders will receive $14.50 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 8/09/2021
Schaltbau Holding AG (SLT GY-€55.00-Frankfurt) agreed to be acquired by The Carlyle Group, Inc. (CG-$49.38-NASDAQ). Schaltbau Holding develops and supplies components and systems for the mobile and stationary transportation technology and capital goods industry. Under terms of the agreement Schaltbau shareholders will receive €53.50 cash per share, valuing the transaction at approximately €500 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval. Closing guidance has not been provided at this time. Announcement Date: 8/07/2021
Intersect ENT, Inc. (XENT-$27.21-NASDAQ) agreed to be acquired by Medtronic plc (MDT-$133.48-NYSE). Intersect ENT operates as an ear, nose, and throat medical technology company in the U.S. Under terms of the agreement Intersect shareholders will receive $28.25 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the second quarter of 2022. Announcement Date: 8/06/2021
Huon Aquaculture Group Ltd. (HUO AU-A$3.73-Sydney) agreed to be acquired by JBS S.A. (JBSS3 BZ-BRL30.39-Sao Paulo). Huon Aquaculture hatches, farms, processes, markets, and sells Atlantic salmon and ocean trout in Australia. Under terms of the agreement Huon shareholders will receive A$3.85 cash per share, valuing the transaction at approximately A$500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 8/06/2021
Cornerstone OnDemand, Inc. (CSOD-$57.30-NASDAQ) agreed to be acquired by Clearlake Capital Group LP. Cornerstone OnDemand provides learning and people development solutions as software-as-a-service worldwide. Under terms of the agreement Cornerstone shareholders will receive $57.50 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Announcement Date: 8/05/2021
Score Media & Gaming, Inc. (SCR-$35.67-NASDAQ) agreed to be acquired by Penn National Gaming, Inc. (PENN-$81.10-NASDAQ). Score Media and Gaming operates as a sports media company in North America. Under terms of the agreement Score shareholders will receive $17.00 cash and 0.2398 shares of Penn common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 8/05/2021
Nanotech Security Corp. (NTS CN-C$1.21-Toronto) agreed to be acquired by Meta Materials, Inc. (MMAT-$4.65-NASDAQ). Nanotech Security researches and creates nano-optic structures and color shifting materials for authentication and brand enhancement applications in Canada and internationally. Under terms of the agreement Nanotech shareholders will receive C$1.25 cash per share, valuing the transaction at approximately C$90 million. The transaction is subject to shareholder, as well as court approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 8/05/2021
MGM Growth Properties LLC (MGP-$41.46-NYSE) agreed to be acquired by VICI Properties, Inc. (VICI-$30.91-NYSE). MGM Growth Properties is one of the leading publicly traded real estate investment trusts engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts. Under terms of the agreement MGM Growth shareholders will receive 1.366 shares of VICI common stock per share, valuing the transaction at approximately $17 billion. The transaction is subject to VICI shareholder, as well as regulatory approvals and is expected to close in the first half of 2022. Announcement Date: 8/04/2021
Translate Bio, Inc. (TBIO-$37.40-NASDAQ) agreed to be acquired by Sanofi (SNY-$51.78-NASDAQ). Translate Bio develops medicines to treat diseases caused by protein or gene dysfunction. Under terms of the agreement Translate Bio shareholders will receive $38.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2021. Announcement Date: 8/03/2021
GCA Corp. (2174 JP-¥1,377-Tokyo) agreed to be acquired by Houlihan Lokey, Inc. (HLI-$90.20-NYSE). GCA Corp. provides investment banking services worldwide. Under terms of the agreement GCA shareholders will receive ¥1,380 cash per share, valuing the transaction at approximately ¥65 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 8/03/2021
Meggitt plc (MGGT LN-£8.29-London) agreed to be acquired by Parker-Hannifin Corp. (PH-$296.67-NYSE). Meggitt designs and manufactures components and sub-systems in the U.K., rest of Europe, the U.S., and internationally. Under terms of the agreement Meggitt shareholders will receive £8.00 cash per share, valuing the transaction at approximately £7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2022. Meggitt also received a non-binding offer to be acquired by TransDigm Group, Inc. (TDG-$607.47-NYSE) for £9.00 cash per share. Under U.K. takeover code, TransDigm had until September 14 to make a formal offer. On September 7, TransDigm announced it would not make a formal proposal to acquire Meggitt plc. Announcement Date: 8/02/2021
Kungsleden AB (KLED SS-SEK129.40-Stockholm) agreed to be acquired by Castellum AB (CAST SS-SEK251.30-Stockholm). Kungsleden is a Swedish property company focusing on commercial properties in Swedish growth regions, with a property value of approximately SEK 43 billion. Under terms of the agreement Kungsleden shareholders will receive SEK 36.30 cash and 0.3675 shares of Castellum common stock per share, valuing the transaction at approximately SEK 27 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 8/02/2021
Afterpay Ltd. (APT AU-A$134.59-Sydney) agreed to be acquired by Square, Inc. (SQ-$268.07-NYSE). Afterpay provides payments solutions for customers, merchants, and businesses. Under terms of the agreement Afterpay shareholders will receive 0.375 shares of Square common stock per share, valuing the transaction at approximately A$39 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first quarter of 2022. Announcement Date: 8/01/2021
Charles Stanley Group plc (CAY LN-£5.10-London) agreed to be acquired by Raymond James Financial, Inc. (RJF-$129.48-NYSE). Charles Stanley Group provides wealth management services in the U.K. Under terms of the agreement Charles Stanley shareholders will receive £5.15 cash per share, valuing the transaction at approximately £300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 7/29/2021
Europcar Mobility Group S.A. (EUCAR FP-€0.50-Paris) agreed to be acquired by Volkswagen AG (VOW GY-€280.00-Frankfurt). Europcar Mobility offers traditional car and light commercial vehicle rental services under the Europcar, Goldcar, InterRent, Buchbinder, and Fox Rent A Car brands. Under terms of the agreement Europcar shareholders will receive €0.50 cash per share, valuing the transaction at approximately €3 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close by the first quarter of 2022. Announcement Date: 7/28/2021
Medallia, Inc. (MDLA-$33.87-NYSE) agreed to be acquired by Thoma Bravo. Medallia provides an enterprise Software-as-a-Service platform in North America, Europe, the Middle East, Africa, and internationally. Under terms of the agreement Medallia shareholders will receive $34.00 cash per share, valuing the transaction at approximately $6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Medallia is also permitted to solicit superior bids from parties during a 40-day “go-shop” period. Announcement Date: 7/26/2021
Veoneer, Inc. (VNE-$31.32-NYSE) agreed to be acquired by Magna International, Inc. (MGA-$83.83-NYSE). Veoneer designs, develops, and manufactures automotive safety electronics primarily in North America, Europe, and Asia. Under terms of the agreement Veoneer shareholders will receive $31.25 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 7/22/2021
Empired Ltd. (EPD AU-A$1.31-Sydney) agreed to be acquired by Capgemini SE (CAP FP-€182.25-Paris). Empired Ltd. provides information technology solutions in Australia, New Zealand, and the U.S. Under terms of the agreement Empired shareholders will receive A$1.35 cash per share, valuing the transaction at approximately A$200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 7/19/2021
Retail Properties of America, Inc. (RPAI-$12.61-NYSE) agreed to be acquired by Kite Realty Group Trust (KRG-$20.16-NYSE). Retail Properties of America is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. Under terms of the agreement Retail Property shareholders will receive 0.623 shares of Kite common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to approval by shareholders of both companies and is expected to close in the fourth quarter of 2021. Announcement Date: 7/19/2021
Sumo Group plc (SUMO LN-£4.84-London) agreed to be acquired by Tencent Holdings Ltd. (0700 HK-HDK479.00-Hong Kong). Sumo Group provides end-to-end creative development and co-development services to the video games and entertainment industries in the U.K. and rest of Europe, the U.S., India, and Canada. Under terms of the agreement Sumo shareholders will receive £5.13 cash per share, valuing the transaction at approximately £900 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 7/19/2021
Five9, Inc. (FIVN-$201.29-NASDAQ) agreed to be acquired by Zoom Video Communications, Inc. (ZM-$378.10-NASDAQ). Five9 provides cloud software for contact centers in the U.S. and internationally. Under terms of the agreement Five9 shareholders will receive 0.5533 shares of Zoom common stock per share, valuing the transaction at approximately $15 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2022. Announcement Date: 7/18/2021
Welbilt, Inc. (WBT-$23.49-NYSE) agreed to be acquired by Ali Holding S.r.l. Welbilt designs and manufactures foodservice equipment for the commercial foodservice market worldwide. Under terms of the agreement Welbilt shareholders will receive $24.00 cash per share, valuing the transaction at approximately $5 billion. Welbilt previously agreed to be acquired by The Middleby Corp. (MIDD-$191.49-NASDAQ) in April 2021 for $4 billion. Subsequently, Ali Holding made an initial proposal of $23.00 cash per share in May. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 7/14/2021
Covanta Holding Corp. (CVA-$20.10-NYSE) agreed to be acquired by EQT Infrastructure. Covanta provides waste and energy services to municipal entities primarily in the U.S. and internationally. Under terms of the agreement Covanta shareholders will receive $20.25 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 7/14/2021
Howard Bancorp, Inc. (HBMD-$19.70-NASDAQ) agreed to be acquired by F.N.B. Corp. (FNB-$11.46-NYSE). Howard Bancorp provides commercial banking, mortgage banking, and consumer finance products and services to businesses, business owners, professionals, and other consumers. Under terms of the agreement Howard shareholders will receive 1.8 shares of F.N.B. common stock per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 7/13/2021
Youfoodz Holdings Ltd. (YFZ AU-A$0.92-Sydney) agreed to be acquired by HelloFresh SE (HFG GY-€79.08-Frankfurt). Youfoodz Holdings prepares, delivers, and distributes ready-made meals, protein-packed snacks, and cold-pressed juices direct to households and retailers in Australia. Under terms of the agreement Youfoodz shareholders will receive A$0.93 cash per share, valuing the transaction at approximately A$100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 7/13/2021
Stamps.com, Inc. (STMP-$326.76-NASDAQ) agreed to be acquired by Thoma Bravo. Stamps.com provides Internet-based mailing and shipping solutions in the U.S. and Europe. Under terms of the agreement Stamps.com shareholders will receive $330.00 cash per share, valuing the transaction at approximately $6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Stamps.com is also permitted to solicit superior bids from parties during a 40-day “go-shop” period. Announcement Date: 7/09/2021
Vectura Group plc (VEC LN-£151.80-London) agreed to be acquired by Philip Morris International, Inc. (PM-$100.09-NYSE). Vectura Group engages in the design, development, and supply of pharmaceutical products for the treatment of airways-related diseases worldwide. Under terms of the agreement Vectura shareholders will receive £1.50 cash per share, valuing the transaction at approximately £900 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Announcement Date: 7/09/2021
Neles Oyj (NELES FH-€13.04-Helsinki) agreed to be acquired by Valmet Oyj (VALMT FH-€35.13-Helsinki). Neles provides equipment and services for the mining, aggregates, recycling, and process industries worldwide. Under terms of the agreement Neles shareholders will receive €2.00 cash and 0.3277 shares of Valmet common stock per share, valuing the transaction at approximately €2 billion. Neles previously agreed to be acquired by Alfa Laval AB (ALFA SS-SEK359.40-Stockholm) for €11.50 cash per share in July 2020. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 7/02/2021
Santander Consumer USA Holdings, Inc. (SC-$41.03-NYSE) received an offer to be acquired by Santander Holdings USA, Inc. Santander Consumer USA Holdings provides vehicle finance and third-party servicing in the U.S. Under terms of the offer Santander Consumer shareholders would receive $39.00 cash per share, valuing the transaction at approximately $12 billion. We continue to monitor the situation. Announcement Date: 7/02/2021
J. Alexander’s Holdings, Inc. (JAX-$13.81-NYSE) agreed to be acquired by SPB Hospitality LLC. J. Alexander's Holdings owns and operates complementary upscale dining restaurants in the U.S. Under terms of the agreement J. Alexander’s shareholders will receive $14.00 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 7/02/2021
Overseas Shipholding Group, Inc. (OSG-$2.66-NYSE) received an offer to be acquired by Saltchuk Resources, Inc. Overseas Shipholding Group owns and operates a fleet of oceangoing vessels. Under terms of the offer Overseas shareholders would receive $3.00 cash per share, valuing the transaction at approximately $300 million. We continue to monitor the situation. Announcement Date: 7/02/2021
Atotech Ltd. (ATC-$24.15-NYSE) agreed to be acquired by MKS Instruments, Inc. (MKSI-$156.44-NASDAQ). Atotech provides specialty electroplating and surface finishing solutions worldwide. Under terms of the agreement Atotech shareholders will receive $16.20 cash and 0.0552 shares of MKS common stock per share, valuing the transaction at approximately $7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 7/01/2021
Wm Morrison Supermarkets plc (MRW LN-£267.6-London) has received numerous offers to be acquired. Clayton Dubilier & Rice first offered to purchase Wm Morrison in June for £2.30 cash per share, valuing the transaction at approximately £6 billion, which was subsequently rejected by Wm Morrison’s board. Wm Morrison has also received offers to be acquired by Fortress Investment Group LLC first for £2.54 cash, then revised to £2.72 cash per share, valuing the transaction at approximately £7 billion. Under UK Takeover Panel rules, Clayton, Dubilier & Rice has until August 20th to improve their offer. We continue to monitor the situation.
Netia SA (NET PW-zł6.72-Poland) agreed to be acquired by Cyfrowy Polsat SA (CPS PW-zł29.94-Poland). Netia is a telecommunications company which owns the second-largest fixed-line network in Poland. Under terms of the agreement Netia shareholders will receive zł7.00 cash per share, valuing the transaction at approximately zł300 million. The transaction is subject to the tender of at least a majority of shares outstanding and is expected to close in the third quarter of 2021. Announcement Date: 6/24/2021
Bank of Commerce Holdings (BOCH-$15.02-NASDAQ) agreed to be acquired by Columbia Banking System, Inc. (COLB-$38.56-NASDAQ). Bank of Commerce is the holding company for Merchants Bank of Commerce, a chartered commercial bank that provides a range of financial services and products for small to medium-sized businesses and retail customers. Under terms of the agreement Bank of Commerce shareholders will receive 0.40 shares of Columbia common stock per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 6/23/2021
Lydall, Inc. (LDL-$60.52-NYSE) agreed to be acquired by Clearlake Capital Group LP. Lydall delivers value-added engineered materials and specialty filtration solutions. Under terms of the agreement Lydall shareholders will receive $62.10 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Announcement Date: 6/21/2021
Raven Industries, Inc. (RAVN-$57.85-NASDAQ) agreed to be acquired by CNH Industrial NV (CNHI-$16.72-NYSE). Raven Industries provides various products to customers in the industrial, agricultural, geo-membrane, construction, aerospace and defense, and commercial lighter-than-air markets worldwide. Under terms of the agreement Raven shareholders will receive $58.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 6/21/2021
Sykes Enterprises, Inc. (SYKE-$53.70-NASDAQ) agreed to be acquired by Sitel Group. Sykes Enterprises provides customer experience management, multichannel demand generation, and digital transformation services. Under terms of the agreement Sykes shareholders will receive $54.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Announcement Date: 6/18/2021
CAI International, Inc. (CAI-$56.00-NYSE) agreed to be acquired by Mitsubishi HC Capital, Inc. (8593 JP-¥595.00-Tokyo). CAI International operates as a transportation finance company in the U.S., Europe, Asia, and internationally. Under terms of the agreement CAI shareholders will receive $56.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Announcement Date: 6/17/2021
Kindred Biosciences, Inc. (KIN-$9.17-NASDAQ) agreed to be acquired by Elanco Animal Health, Inc. (ELAN-$34.69-NYSE). Kindred Biosciences, Inc., a commercial-stage biopharmaceutical company, engages in developing therapies for pets. Under terms of the agreement Kindred shareholders will receive $9.25 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Announcement Date: 6/16/2021
Solarpack Corporacion Tecnologica SA (SPK SM-€26.15-Madrid) agreed to be acquired by EQT AB (EQT SS-SEK310.60-Stockholm). Solarpack specializes in electrical generating projects, primarily in the field of solar photovoltaic energy. Under terms of the agreement Solarpack shareholders will receive €26.50 cash per share, valuing the transaction at approximately €900 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2021. Announcement Date: 6/16/2021
Iconix Brand Group, Inc. (ICON-$3.13-NASDAQ) agreed to be acquired by Lancer Capital LLC. Iconix Brand Group owns and licenses a portfolio of consumer brands in the U.S. and internationally. Under terms of the agreement Iconix shareholders will receive $3.15 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2021. Announcement Date: 6/11/2021
Elos Medtech AB (ELOSB SS-SEK215.00-Stockholm) agreed to be acquired by TA Associates. Elos Medtech develops and manufactures medical devices and components for the medical technology industry. Under terms of the agreement Elos shareholders will receive SEK 215.00 cash per share, valuing the transaction at approximately SEK 2 billion. The transaction is subject to the tender of at least a majority of shares outstanding and is expected to close in the third quarter of 2021. Announcement Date: 6/11/2021
Sigma Capital Group plc (SGM LN-£2.02-London) agreed to be acquired by PineBridge Benson Elliot LLP. Sigma Capital Group plc, together with its subsidiaries, focuses on the private rented sector in the United Kingdom. Under terms of the agreement Sigma shareholders will receive £2.021 cash per share, valuing the transaction at approximately £200 million. The transaction is subject to shareholder approval and is expected to close in the third quarter of 2021. Announcement Date: 6/11/2021
EXFO, Inc. (EXFO-$5.95-NASDAQ) agreed to be acquired by its founder and majority shareholder, Germain Lamonde. EXFO provides test, monitoring, and analytics solutions for fixed and mobile network operators, web-scale companies, and optical component and network equipment manufacturers. Under terms of the agreement EXFO shareholders will receive $6.00 cash per share, valuing the transaction at approximately $300 million. EXFO received an unsolicited offer during the month to be acquired by rival Viavi Solutions, Inc. (VIAV-$17.66-NASDAQ) for $7.50 cash per share, which was subsequently rejected by EXFO. The transaction is subject to shareholder approval and is expected to close in the third quarter of 2021. Announcement Date: 6/07/2021
QTS Realty Trust, Inc. (QTS-$77.30-NYSE) agreed to be acquired by The Blackstone Group, Inc. (BX-$97.14-NYSE). QTS Realty Trust provides data center solutions across more than 7 million square feet of owned data center space throughout primarily North America and Europe. Under terms of the agreement QTS Realty shareholders will receive $78.00 cash per share, valuing the transaction at approximately $10 billion. The transaction is subject to shareholder approval and is expected to close in the second half of 2021. QTS Realty is also permitted to solicit superior bids from parties during a 40-day “go-shop” period. Announcement Date: 6/07/2021
U.S. Concrete, Inc. (USCR-$73.80-NASDAQ) agreed to be acquired by Vulcan Materials Co. (VMC-$174.07-NYSE). U.S. Concrete produces ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the U.S., the U.S. Virgin Islands, and Canada. Under terms of the agreement U.S. Concrete shareholders will receive $74.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Announcement Date: 6/07/2021
Constellation Pharmaceuticals, Inc. (CNST-$33.80-NASDAQ) agreed to be acquired by MorphoSys AG (MOR GY-€65.42-Frankfurt). Constellation Pharmaceuticals discovers and develops therapeutics to address medical needs in patients with cancers associated with abnormal gene expression or drug resistance. Under terms of the agreement Constellation shareholders will receive $34.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2021. Announcement Date: 6/02/2021
Cloudera, Inc. (CLDR-$15.86-NYSE) agreed to be acquired by KKR and Clayton, Dubilier & Rice. Cloudera offers a suite of data analytics and management products in the U.S., Europe, and Asia. Under terms of the agreement Cloudera shareholders will receive $16.00 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Cloudera is also permitted to solicit superior bids from parties during a 30-day “go-shop” period. Announcement Date: 6/01/2021
First Midwest Bancorp, Inc. (FMBI-$19.83-NASDAQ) agreed to be acquired by Old National Bancorp (ONB-$17.61-NASDAQ). First Midwest Bancorp operates as the bank holding company for First Midwest Bank that provides various banking products and services. Under terms of the agreement First Midwest shareholders will receive 1.1336 shares of Old National common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close by early 2022. Announcement Date: 6/01/2021
Select Bancorp, Inc. (SLCT-$16.12-NASDAQ) agreed to be acquired by First Bancorp (FBNC-$40.91-NASDAQ). Select Bancorp is the bank holding company for Select Bank & Trust Company that provides banking services to individuals and small to medium-sized businesses. Under terms of the agreement Select Bancorp shareholders will receive 0.408 shares of First Bancorp common stock per share, valuing the transaction at approximately $300 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 6/01/2021
Inter Pipeline Ltd. (IPL CN-C$20.15-Toronto) agreed to be acquired by Pembina Pipeline Corp. (PPL CN-C$39.39-Toronto). Inter Pipeline engages in the petroleum transportation and storage, and natural gas liquids processing businesses in Canada and Europe. Under terms of the agreement Inter Pipeline shareholders will receive 0.5 shares of Pembina common stock per share, valuing the transaction at approximately C$15 billion. Inter Pipeline previously received an offer in February to be acquired by Brookfield Infrastructure Partners LP (BIP-$55.55-NYSE) for C$16.50 cash per share, valuing the offer at C$13 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 6/01/2021
Società Cattolica di Assicurazioni S.p.A. (CASS IM-€7.01-Milan) agreed to be acquired by Assicurazioni Generali S.p.A. (G IM-€16.91-Milan). Società Cattolica di Assicurazione provides life and non-life insurance products and services in Italy. Under terms of the agreement Cattolica shareholders will receive €6.75 cash per share, valuing the transaction at approximately €1 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 6/01/2021
INV Metals, Inc. (INV CN-C$0.66-Toronto) agreed to be acquired by Dundee Precious Metals, Inc. (DPM CN-C$7.51-Toronto). INV Metals acquires, explores for, and develops precious and base metal projects primarily in Ecuador. Under terms of the agreement INV Metals shareholders will receive 0.091 shares of Dundee common stock per share, valuing the transaction at approximately C$100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Announcement Date: 5/31/2021
Retelit S.p.A. (LIT IM-€2.92-Milan) agreed to be acquired by Marbles S.p.A. Retelit provides data and infrastructure services to the telecommunications market in Italy and internationally. Under terms of the agreement Retelit shareholders will receive €2.85 cash per share, valuing the transaction at approximately €500 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 5/30/2021
Spire Healthcare Group plc (SPI LN-£2.45-London) agreed to be acquired by Ramsay Health Care Ltd. (RHC AU-A$63.50-Sydney). Spire Healthcare Group owns and operates private hospitals and clinics in the U.K. Under terms of the agreement Spire shareholders will receive £2.40 cash per share, valuing the transaction at approximately £2 billion. The transaction is subject to shareholder approval and is expected to close in the third quarter of 2021. Announcement Date: 5/26/2021
Vectura Group plc (VEC LN-£1.40-London) agreed to be acquired by The Carlyle Group, Inc. (CG-$43.64-NASDAQ). Vectura Group designs and develops pharmaceutical products for the treatment of airways-related diseases worldwide. Under terms of the agreement Vectura shareholders will receive £1.55 cash per share, valuing the transaction at approximately £1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Announcement Date: 5/26/2021
Deutsche Wohnen SE (DWNI GR-€51.17-Frankfurt) agreed to be acquired by Vonovia SE (VNA GR-€51.14-Frankfurt). Deutsche Wohnen develops and manages residential properties in Germany. Under terms of the agreement Deutsche Wohnen shareholders will receive €53.03 cash per share, valuing the transaction at approximately €19 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2021. Announcement Date: 5/25/2021
Telit Communications plc (TCM LN-£2.26-London) agreed to be acquired by DBAY Advisors. Telit Communications provides a portfolio of integrated products and services to support and enable Internet of Things deployments internationally. Under terms of the agreement Telit shareholders will receive £2.20 cash per share, valuing the transaction at approximately £300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Announcement Date: 5/25/2021
MMA Capital Holdings, Inc. (MMAC-$27.06-NASDAQ) agreed to be acquired by Fundamental Advisors LP. MMA Capital Holdings focuses on infrastructure-related investments. Under terms of the agreement MMA Capital shareholders will receive $27.77 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Announcement Date: 5/24/2021
Cimarex Energy Co. (XEC-$67.75-NYSE) agreed to be acquired by Cabot Oil & Gas Corp. (COG-$16.40-NYSE). Cimarex Energy is an independent oil and gas exploration and production company primarily in Texas, Oklahoma, and New Mexico. Under terms of the agreement Cimarex shareholders will receive 4.0146 shares of Cabot common stock per share, valuing the transaction at approximately $7 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 5/24/2021
Strongbridge Biopharma plc (SBBP-$2.52-NASDAQ) agreed to be acquired by Xeris Pharmaceuticals, Inc. (XERS-$3.12-NASDAQ). Strongbridge Biopharma focuses on the development and commercialization of therapies for rare diseases with unmet needs in the U.S. Under terms of the agreement Strongbridge shareholders will receive 0.784 shares of Xeris common stock per share, valuing the transaction at approximately $300 million. The agreement also includes a Contingent Value Right (“CVR”) of up to $1.00 per share, which will be paid in the event predefined regulatory and sales milestones are achieved by 2024. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 5/24/2021
Hunter Douglas NV (HDG NA-€83.00-Amsterdam) agreed to be acquired by the Sonnenberg Family under improved terms. Hunter Douglas manufactures and sells window coverings and architectural products worldwide. Under terms of the revised agreement Hunter Douglas shareholders will receive €82.00 cash per share, valuing the transaction at approximately €3 billion. In December 2020, Hunter Douglas agreed to be acquired by the Sonnenberg Family for €64.00 cash per share, but the non-executive members of the Board of Hunter Douglas requested an increase in the offer price based on stronger than expected earnings after the initial deal terms were agreed upon. The tender offer was completed on June 2 and the Sonnenberg Family holds 93.5% of HDG shares as a result. Announcement Date: 5/22/2021
Kansas City Southern (KSU-$297.68-NYSE) agreed to be acquired by Canadian National Railway Co. (CNI-$112.57-NYSE) under improved terms. Kansas City Southern provides domestic and international rail transportation services in North America. Under terms of the agreement Kansas City shareholders will receive $200.00 cash and 1.129 shares of Canadian National common stock per share, valuing the transaction at approximately $33 billion. Kansas City had previously agreed to be acquired by Canadian Pacific Railway Ltd. (CP-$81.26-NYSE) for $29 billion in March, then received an unsolicited offer from Canadian National in April. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2022. Announcement Date: 5/21/2021
St. Modwen Properties plc (SMP LN-£5.49-London) agreed to be acquired by The Blackstone Group, Inc. (BX-$92.67-NYSE). St. Modwen Properties invests in, develops, operates, and manages residential and commercial properties in the U.K. Under terms of the agreement St. Modwen shareholders will receive £5.42 cash per share, valuing the transaction at approximately £1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close mid-2021. Announcement Date: 5/20/2021
John Laing Group plc (JLG LN-£4.02-London) agreed to be acquired by KKR & Co., Inc. (KKR-$55.69-NYSE). John Laing Group originates, invests in, and manages greenfield infrastructure projects. Under terms of the agreement John Laing shareholders will receive £4.03 cash per share, valuing the transaction at approximately £2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Announcement Date: 5/19/2021
Altabancorp (ALTA-$46.00-NASDAQ) agreed to be acquired by Glacier Bancorp, Inc. (GBCI-$58.25-NASDAQ). Altabancorp operates as the bank holding company for Altabank, a state-chartered bank that provides retail and commercial banking products and services. Under terms of the agreement Altabancorp shareholders will receive 0.7971 shares of Glacier common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 5/18/2021
Core-Mark Holding Co., Inc. (CORE-$45.86-NASDAQ) agreed to be acquired by Performance Food Group Co. (PFGC-$50.13-NYSE. Core-Mark Holding Company distributes packaged consumer products to the convenience retail industry. Under terms of the agreement Core-Mark shareholders will receive $23.875 cash and 0.44 shares of Performance common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2022. Announcement Date: 5/18/2021
Adapteo Oyj (ADAPT SS-SEK164.40-Stockholm) agreed to be acquired by Wall Street Global Infrastructure Partners IV LP. Adapteo provides adaptable buildings rental and rental related services in Finland, Sweden, Norway, Denmark, Germany, the Netherlands, and internationally. Under terms of the agreement Adapteo shareholders will receive SEK 165.00 cash per share, valuing the transaction at approximately SEK 8 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2021. Announcement Date: 5/17/2021
Immunodiagnostic Systems Holdings plc (IDH LN-£3.77-London) agreed to be acquired by PerkinElmer, Inc. (PKI-$145.07-NYSE). Immunodiagnostic Systems develops, manufactures, and sells in-vitro diagnostic tests to the clinical laboratory market in the U.K., U.S., Germany, France, and internationally. Under terms of the agreement Immunodiagnostic shareholders will receive £3.82 cash per share, valuing the transaction at approximately £100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Announcement Date: 5/17/2021
APN Property Group Ltd. (APD AU-A$0.90-Sydney) agreed to be acquired by Dexus (DXS AU-A$10.43-Sydney). APN Property Group operates as a real estate investment fund manager in Australia and internationally. Under terms of the agreement APN Property shareholders will receive A$0.915 cash per share, valuing the transaction at approximately A$300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Announcement Date: 5/11/2021
Domtar Corp. (UFS-$54.23-NYSE) agreed to be acquired by Paper Excellence. Domtar designs communication papers, specialty and packaging papers, and absorbent hygiene products in the U.S., Canada, Europe, Asia, and internationally. Under terms of the agreement Domtar shareholders will receive $55.50 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Announcement Date: 5/11/2021
Ferro Corp. (FOE-$21.60-NYSE) agreed to be acquired by Prince International, a portfolio company of American Securities LLC. Ferro produces and markets specialty materials in the U.S., Europe, the Middle East, Africa, the Asia Pacific, and Latin America. Under terms of the agreement Ferro shareholders will receive $22.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 5/11/2021
SDS Biotech K.K. (4952 JP-¥1,433-Tokyo) agreed to be acquired by Idemitsu Kosan Co. Ltd. (5019 JP-¥2,585-Tokyo). SDS Biotech produces, imports, and sells agricultural chemicals, industrial biocides, public health products, and specialty chemicals in Japan and internationally. Under terms of the agreement SDS Biotech shareholders will receive ¥1,440 cash per share, valuing the transaction at approximately ¥11 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Announcement Date: 5/11/2021
IDL Biotech (IDL SS- Stockholm) agreed to be acquired by AroCell AB (AROC SS-SEK4.63-Stockholm). IDL Biotech specializes in in-vitro diagnostics within oncology and bacteriology. Under terms of the agreement IDL Biotech shareholders will receive 0.63 shares of AroCell common stock per share, valuing the transaction at approximately SEK 200 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2021. Announcement Date: 5/10/2021
Soliton, Inc. (SOLY-$22.28-NASDAQ) agreed to be acquired by Allergan Aesthetics. Soliton develops and commercializes products using a proprietary rapid acoustic pulse technology platform. Under terms of the agreement Soliton shareholders will receive $22.60 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Announcement Date: 5/10/2021
Photon Control, Inc. (PHO CN-C$3.59-Toronto) agreed to be acquired by MKS Instruments, Inc. (MKSI-$188.23-NASDAQ). Photon Control designs, manufactures, and distributes a range of optical sensors and systems to measure temperature and position. Under terms of the agreement Photon shareholders will receive C$3.60 cash per share, valuing the transaction at approximately C$300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Announcement Date: 5/10/2021
Extraction Oil & Gas, Inc. (XOG-$49.12-NASDAQ) agreed to be acquired by Bonanza Creek Energy, Inc. (BCEI-$42.96-NYSE). Extraction Oil & Gas focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquid reserves in the Rocky Mountain region of Colorado. Under terms of the agreement Extraction shareholders will receive 1.1711 shares of Bonanza common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the third quarter of 2021. Announcement Date: 5/10/2021
At Home Group, Inc. (HOME-$37.54-NYSE) agreed to be acquired by Hellman & Friedman. At Home Group operates home decor superstores in the U.S. Under terms of the agreement At Home shareholders will receive $36.00 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. At Home is also permitted to solicit superior bids from parties during a 40-day “go-shop” period. Announcement Date: 5/06/2021
Bingo Industries Ltd. (BIN AU-A$3.41-Sydney) agreed to be acquired by Macquarie Infrastructure and Real Assets. Bingo Industries provides waste management solutions for domestic and commercial businesses in Australia. Under terms of the agreement Bingo shareholders will receive A$3.45 cash per share, valuing the transaction at approximately A$3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Announcement Date: 4/27/2021
Bank of Santa Clarita (BSCA-$13.13-OTC) agreed to be acquired by Southern California Bancorp (BCAL-$13.65-OTC). Bank of Santa Clarita provides various banking products and services in Santa Clarita Valley, California. Under terms of the agreement Bank of Santa Clarita shareholders will receive 1.0 share of Southern California Bancorp common stock per share, valuing the transaction at approximately $50 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the third quarter of 2021. Announcement Date: 4/27/2021
First Choice Bancorp (FCBP-$32.02-NASDAQ) agreed to be acquired by Enterprise Financial Services Corp. (EFSC-$49.13-NASDAQ). First Choice Bancorp is the bank holding company for First Choice Bank that provides a range of retail and commercial banking products and services. Under terms of the agreement First Choice shareholders will receive 0.6603 shares of Enterprise common stock per share, valuing the transaction at approximately $400 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the third quarter of 2021. Announcement Date: 4/26/2021
Flagstar Bancorp, Inc. (FBC-$46.54-NYSE) agreed to be acquired by New York Community Bancorp, Inc. (NYCB-$11.96-NYSE). Flagstar Bancorp provides commercial and consumer banking services to consumer, commercial, and government customers in the U.S. Under terms of the agreement Flagstar shareholders will receive 4.0151 shares of New York Community common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close by the end of 2021. Announcement Date: 4/26/2021
Roxgold, Inc. (ROXG CN-C$2.04-Toronto) agreed to be acquired by Fortuna Silver Mines, Inc. (FVI CN-C$7.40-Toronto). Roxgold explores, evaluates, and develops mineral properties. Under terms of the agreement Roxgold shareholders will receive C$0.001 cash and 0.283 shares of Fortuna common stock per share, valuing the transaction at approximately C$1 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close mid-2021. Announcement Date: 4/26/2021
Proofpoint, Inc. (PFPT-$172.11-NASDAQ) agreed to be acquired by Thoma Bravo. Proofpoint is a cybersecurity company that enables large and mid-sized organizations to defend, protect, archive, and govern their sensitive data worldwide. Under terms of the agreement Proofpoint shareholders will receive $176.00 cash per share, valuing the transaction at approximately $10 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Proofpoint is also permitted to solicit superior bids from parties during a 45-day “go-shop” period. Announcement Date: 4/26/2021
W.R. Grace & Co. (GRA-$68.73-NYSE) agreed to be acquired by Standard Industries under revised terms. W.R. Grace produces and sells specialty chemicals and materials worldwide. Under terms of the agreement W.R. Grace shareholders will receive $70.00 cash per share, valuing the transaction at approximately $6 billion. Standard Industries had previously made an offer to acquire W.R. Grace for $60.00 cash in November 2020, which they subsequently raised to $65.00 cash in January 2021.The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021.Announcement Date: 4/26/2021
Tarkett SA (TKTT FP-€20.05-Paris) agreed to be acquired by the Deconinck Family, the controlling shareholder of Tarkett. Tarkett provides flooring and sports surface solutions to business and residential end users worldwide. Under terms of the agreement Tarkett shareholders will receive €20.00 cash per share, valuing the transaction at approximately €1 billion. The simplified tender offer is not subject to regulatory approval or other conditions is expected to close by the end of July 2021.Announcement Date: 4/26/2021
Meridian Bancorp, Inc. (EBSB-$22.11-NASDAQ) agreed to be acquired by Independent Bank Corp. (INDB-$81.90-NASDAQ). Meridian Bancorp provides various financial products and services for individuals and businesses in Massachusetts. Under terms of the agreement Meridian shareholders will receive 0.275 shares of Independent common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to approval by shareholder of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 4/22/2021
Welbilt, Inc. (WBT-$22.34-NYSE) agreed to be acquired by The Middleby Corp. (MIDD-$181.32-NASDAQ). Welbilt designs and manufactures foodservice equipment for the commercial foodservice market worldwide. Under terms of the agreement Welbilt shareholders will receive 0.1240 shares of Middleby common stock per share, valuing the transaction at approximately $4 billion. The transaction is subject to approval by shareholders of both companies and is expected to close by the end of 2021. Announcement Date: 4/21/2021
Kansas City Southern (KSU-$292.21-NYSE) received an unsolicited offer to be acquired by Canadian National Railway Co. (CNI-$107.65-NYSE) after reaching a definitive agreement in March to be acquired by Canadian Pacific Railway Ltd. (CP-$373.13-NYSE). Kansas City Southern provides domestic and international rail transportation services in North America. Under terms of the most recent offer Kansas City shareholders would receive $200.00 cash and 1.059 shares of Canadian National common stock per share, valuing the transaction at approximately $34 billion. Under the previously agreed upon deal, Kansas City Southern shareholders would receive $90.00 cash and 0.489 shares of Canadian Pacific common stock per share, valuing the transaction at approximately $29 billion. We continue to closely monitor the situation. Announcement Date: 4/20/2021
Marlin Business Services Corp. (MRLN-$22.55-NASDAQ) agreed to be acquired by HPS Investment Partners LLC. Marlin Business Services provides credit products and services to small and mid-sized businesses in the U.S. Under terms of the agreement Marlin shareholders will receive $23.50 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2022. Announcement Date: 4/19/2021
Knoll, Inc. (KNL-$23.90-NYSE) agreed to be acquired by Herman Miller, Inc. (MLHR-$41.50-NASDAQ). Knoll designs and manufactures commercial and residential furniture, accessories, and coverings for the workplace and residential markets in the U.S. and internationally. Under terms of the agreement Knoll shareholders will receive $11.00 cash and 0.32 shares of Herman common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the third quarter of 2021. Announcement Date: 4/19/2021
Sterling Bancorp (STL-$25.13-NYSE) agreed to be acquired by Webster Financial Corp. (WBS-$52.91-NYSE). Sterling Bancorp provides various banking products and services to commercial, consumer, and municipal clients in the U.S. Under terms of the agreement Sterling shareholders will receive 0.463 shares of Webster common stock per share, valuing the transaction at approximately $5 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 4/19/2021
American River Bankshares (AMRB-$19.73-NASDAQ) agreed to be acquired by Bank of Marin Bancorp (BMRC-$35.42-NASDAQ). American River Bankshares is the parent company of American River Bank, a regional bank serving Northern California since 1983. Under terms of the agreement American River shareholders will receive 0.575 shares of Bank of Marin common stock per share, valuing the transaction at approximately $100 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the third quarter of 2021. Announcement Date: 4/19/2021
Primewest Group Ltd. (PWG AU-A$1.46-Sydney) agreed to be acquired by Centuria Capital Group (CNI AU-A$2.67-Sydney). Primewest Group is a property fund manager. Under terms of the agreement Primewest shareholders will receive A$0.20 cash and 0.473 shares of Centuria common stock per share, valuing the transaction at approximately A$600 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close mid-2021. Announcement Date: 4/19/2021
Mainstream Group Holdings Ltd. (MAI AU-A$2.65-Sydney) agreed to be acquired by SS&C Technologies Holdings, Inc. (SSNC-$74.22-NASDAQ). Mainstream Group provides fund administration services for the financial services industry in the Asia Pacific, Americas, and Europe. Under terms of the agreement Mainstream shareholders will receive A$2.00 cash per share, valuing the transaction at approximately A$300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Announcement Date: 4/19/2021
Galaxy Resources Ltd. (GXY AU-A$3.93-Sydney) agreed to be acquired by Orocobre Ltd. (ORE AU-A$6.75-Sydney). Galaxy Resources produces lithium concentrate and explores for minerals in Australia, Canada, and Argentina. Under terms of the agreement Galaxy shareholders will receive 0.569 shares of Orocobre common stock per share, valuing the transaction at approximately A$2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Announcement Date: 4/19/2021
SICIT Group S.p.A. (SICT IM-€16.30-Milan) agreed to be acquired by Neuberger Berman Group LLC. SICIT Group manufactures amino acid and peptide-based fertilizers for agriculture and plaster industries in Italy. Under terms of the agreement SICIT shareholders will receive €16.00 cash per share, valuing the transaction at approximately €300 million. The transaction is subject to the tender of at least 95% of shares outstanding. Announcement Date: 4/16/2021
Weingarten Realty Investors (WRI-$32.34-NYSE) agreed to be acquired by Kimco Realty Corp. (KIM-$21.00-NYSE). Weingarten Realty Investors is a shopping center owner, manager and developer. Under terms of the agreement Weingarten shareholders will receive $2.89 cash and 1.408 shares of Kimco common stock per share, valuing the transaction at approximately $4 million. The transaction is subject to approval by shareholders of both companies and is expected to close in the second half of 2021. Announcement Date: 4/15/2021
General Finance Corp. (GFN-$18.98-NASDAQ) agreed to be acquired by United Rentals, Inc. (URI-$319.95-NYSE). General Finance provides portable storage, modular space, and liquid containment solutions in North America and the Asia-Pacific regions. Under terms of the agreement General Finance shareholders will receive $19.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2021. Announcement Date: 4/15/2021
Nordic ID Oyj (NORDID FH-€3.26-Helsinki) agreed to be acquired by Brady Corp. (BRC-$54.57-NYSE). Nordic ID Oyj manufactures and distributes item tracking and tracing devices worldwide. Under terms of the agreement Nordic shareholders will receive €3.30 cash per share, valuing the transaction at approximately €11 million. The transaction is subject to the tender of at least a majority of shares outstanding and is expected to close in the second quarter of 2021. Announcement Date: 4/15/2021
Sbanken ASA (SBANK NO-NOK103.60-Oslo) agreed to be acquired by DNB ASA (DNB NO-NOK179.05-Oslo). Sbanken provides various banking products to retail customers and small businesses in Norway. Under terms of the agreement Sbanken shareholders will receive NOK 103.85 cash per share, valuing the transaction at approximately NOK 11 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2021. Announcement Date: 4/15/2021
PPD, Inc. (PPD-$46.20-NASDAQ) agreed to be acquired by Thermo Fisher Scientific, Inc. (TMO-$470.23-NYSE). PPD provides drug development services to the biopharmaceutical industry worldwide. Under terms of the agreement PPD shareholders will receive $47.50 cash per share, valuing the transaction at approximately $20 billion. The transaction is subject to regulatory approval and is expected to close by the end of 2021. Announcement Date: 4/15/2021
Aegion Corp. (AEGN-$30.10-NASDAQ) agreed to be acquired by New Mountain Capital LLC under revised terms. Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure in the U.S. and internationally. Under terms of the agreement Aegion shareholders will receive $30.00 cash per share, valuing the transaction at approximately $1.1 billion. Aegion originally agreed to be acquired by New Mountain on February 16 for $26.00 cash per share, which was later amended to $27.00 on March 15. The transaction is subject to shareholder approval and is expected to close in the second quarter of 2021. Announcement Date: 4/14/2021
Gamesys Group plc (GYS LN-£19.35-London) agreed to be acquired by Bally’s Corp. (BALY-$57.96-NYSE). Gamesys Group operates online casino and bingo-led brands in the U.K., Asia, Europe, and internationally. Under terms of the agreement Gamesys shareholders may elect to receive £18.50 cash or 0.343 shares of Bally’s common stock per share, valuing the transaction at approximately £2 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 4/13/2021
Nuance Communications, Inc. (NUAN-$53.17-NASDAQ) agreed to be acquired by Microsoft Corp. (MSFT-$252.18-NASDAQ). Nuance Communications provides conversational and cognitive artificial intelligence innovations. Under terms of the agreement Nuance shareholders will receive $56.00 cash per share, valuing the transaction at approximately $17 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 4/12/2021
Suez SA (SEV FP-€19.86-Paris) received an offer to be acquired by Veolia Environment SA (VIE FP-€26.49-Paris). Suez engages in the water cycle and waste cycle management business globally. Under terms of the offer Suez shareholders will receive €20.50 cash per share, valuing the transaction at approximately €27 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 4/12/2021
Mackinac Financial Corp. (MFNC-$21.70-NASDAQ) agreed to be acquired by Nicolet Bankshares, Inc. (NCBS-$79.76-NASDAQ). Mackinac Financial provides commercial and retail banking products and services in the U.S. Under terms of the agreement Mackinac shareholders will receive $4.64 cash and 0.22 shares of Nicolet common stock per share, valuing the transaction at approximately $200 million. The transaction is subject to approval by shareholder of both companies, as well as regulatory approval and is expected to close in the third quarter of 2021. Announcement Date: 4/12/2021
Cadence Bancorp. (CADE-$22.25-NYSE) agreed to be acquired by BancorpSouth Bank (BXS-$29.59-NYSE). Cadence Bancorp provides banking and wealth management services. Under terms of the agreement Cadence shareholders will receive 0.70 shares of BancorpSouth common stock per share, valuing the transaction at approximately $3 billion. The agreement also includes a special dividend of $1.25 cash per share to be paid to Cadence shareholders upon closing. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 4/12/2021
Luminex Corp. (LMNX-$36.69-NASDAQ) agreed to be acquired by DiaSorin S.p.A. (DIA IM-€141.25-Milan). Luminex develops and manufactures proprietary biological testing technologies. Under terms of the agreement Luminex shareholders will receive $37.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Announcement Date: 4/11/2021
Brookfield Property Partners LP (BPY-$17.99-NASDAQ) agreed to be acquired by Brookfield Asset Management, Inc. (BAM-$45.58-NYSE) under revised terms. Brookfield Property Partners is one of the world's premier real estate companies, with approximately $88 billion in total assets. Under terms of the agreement Brookfield Property shareholders will receive $18.17 cash or 0.3979 shares of Brookfield Asset common stock per share, valuing the transaction at approximately $7 billion. Brookfield Asset Management first made an offer valued at $6 billion in January 2021. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Announcement Date: 4/01/2021
Fly Leasing Ltd. (FLY-$16.83-NYSE) agreed to be acquired by Carlyle Aviation Partners. Fly Leasing purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide. Under terms of the agreement Fly Leasing shareholders will receive $17.05 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Announcement Date: 3/29/2021
Premier Financial Bancorp, Inc. (PFBI-$18.59-NASDAQ) agreed to be acquired by Peoples Bancorp, Inc. (PEBO-$33.17-NASDAQ). Premier Financial Bancorp is a multi-bank holding company which provides community banking services to individuals and small-to-medium sized businesses. Under terms of the agreement Premier shareholders will receive 0.58 shares of Peoples Bancorp common stock per share, valuing the transaction at approximately $300 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the third quarter of 2021. Announcement Date: 3/29/2021
Euskaltel SA (EKT SM-€11.10-Madrid) agreed to be acquired by MasMovil. Euskaltel provides telecommunications services to individuals, institutions, and companies in Spain. Under terms of the agreement Euskaltel shareholders will receive €11.17 cash per share, valuing the transaction at approximately €2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2021. Announcement Date: 3/29/2021
Klovern AB (KLOVB SS-SEK15.23-Stockholm) agreed to be acquired by Corem Property Group AB (COREB SS-SEK18.65-Stockholm). Klovern operates as a real estate company in Sweden. Under terms of the agreement Klovern shareholders will receive 0.86 shares of Corem common stock per share, valuing the transaction at approximately SEK 19 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close mid-2021. Announcement Date: 3/29/2021
Mortgage Choice Ltd. (MOC AU-A$1.92-Sydney) agreed to be acquired by REA Group Ltd. (REA AU-A$141.74-Sydney). Mortgage Choice provides mortgage broking services in Australia. Under terms of the agreement Mortgage Choice shareholders will receive A$1.95 cash per share, valuing the transaction at approximately A$200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close mid-2021. Announcement Date: 3/29/2021
MSG Networks, Inc. (MSGN-$15.04-NYSE) agreed to be acquired by Madison Square Garden Entertainment Corp. (MSGE-$81.86-NYSE). MSG Networks is in the sports production, and content development and distribution businesses in the U.S. Under terms of the agreement MSG Networks shareholders will receive 0.172 shares of MSG Entertainment common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to approval by shareholders of both companies and is expected to close in the third quarter of 2021. Announcement Date: 3/26/2021
MagnaChip Semiconductor Corp. (MX-$24.90-NYSE) agreed to be acquired by Wise Road Capital. MagnaChip Semiconductor designs and manufactures analog and mixed-signal semiconductor platform solutions. Under terms of the agreement MagnaChip shareholders will receive $29.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Announcement Date: 3/26/2021
Coherent, Inc. (COHR-$252.89-NASDAQ) agreed to be acquired by II-VI, Inc. (IIVI-$68.37-NASDAQ). Coherent provides lasers, laser-based technologies, and laser-based system solutions. Under terms of the agreement Coherent shareholders will receive $220.00 cash and 0.91 shares of II-VI common stock per share, valuing the transaction at approximately $7 billion. Coherent originally agreed to be acquired by Lumentum Holdings, Inc. (LITE-$91.35-NASDAQ) on January 19 for $6 billion, which was later amended. Under Lumentum’s last offer, dated March 23, Coherent shareholders would have received $230.00 cash and 0.6724 shares of Lumentum common stock per share. Coherent has deemed II-VI’s most recent proposal superior. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 3/25/2021
Houston Wire & Cable Co. (HWCC-$5.22-NASDAQ) agreed to be acquired by Omni Cable LLC. Houston Wire & Cable sells electrical and mechanical wire and cable, industrial fasteners and hardware in the U.S. Under terms of the agreement Houston shareholders will receive $5.30 cash per share, valuing the transaction at approximately $90 million. The transaction is subject to shareholder approval and is expected to close in the second quarter of 2021. Houston is also permitted to solicit superior bids from parties during a 30-day “go-shop” period. Announcement Date: 3/25/2021
Kansas City Southern (KSU-$264.51-NYSE) agreed to be acquired by Canadian Pacific Railway Ltd. (CP-$380.91-NYSE). Kansas City Southern provides domestic and international rail transportation services in North America. Under terms of the agreement Kansas City shareholders will receive $90.00 cash and 0.489 shares of Canadian Pacific common stock per share, valuing the transaction at approximately $29 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Announcement Date: 3/21/2021
New Look Vision Group, Inc. (BCI CN-C$49.58-Toronto) agreed to be acquired by a Consortium of Investors led by FFL Partners LLC. New Look Vision provides eye care products and services in Canada and the U.S. Under terms of the agreement New Look shareholders will receive C$50.00 cash per share, valuing the transaction at approximately C$1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2021. Announcement Date: 3/18/2021
GenMark Diagnostics, Inc. (GNMK-$23.90-NASDAQ) agreed to be acquired by Roche Holding AG (ROG SW-CHF305.45-Switzerland). GenMark Diagnostics develops molecular panels based on its proprietary eSensor electrochemical detection technology. Under terms of the agreement GenMark shareholders will receive $24.05 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2021. Announcement Date: 3/15/2021
Extended Stay America, Inc. (STAY-$19.75-NASDAQ) agreed to be acquired by Blackstone Real Estate Partners and Starwood Capital Group. Extended Stay America owns and operates hotels in the U.S. Under terms of the agreement Extended Stay shareholders will receive $19.50 cash per share, valuing the transaction at approximately $6 billion. The transaction is subject to shareholder approval and is expected to close in the second quarter of 2021. Announcement Date: 3/15/2021
Shaw Communications, Inc. (SJR/B CN-C$32.68-Toronto) agreed to be acquired by Rogers Communications, Inc. (RCI/B CN-C$57.95-Toronto). Shaw Communications operates as a connectivity company in North America in the Wireline and Wireless segments of the market. Under terms of the agreement Shaw shareholders will receive C$40.50 cash per share, valuing the transaction at approximately C$26 billion. The transaction is subject shareholder, as well as regulatory approvals and is expected to close in the first half of 2022. Announcement Date: 3/15/2021
Tilt Renewables Ltd. (TLT NZ-NZ$7.57-New Zealand) agreed to be acquired by Powering Australian Renewables. Tilt Renewables develops and owns renewable energy generation assets. Under terms of the agreement Tilt shareholders will receive NZ$7.80 cash per share, valuing the transaction at approximately NZ$3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Announcement Date: 3/15/2021
S IMMO AG (SPI AV-€21.45-Vienna) agreed to be acquired by IMMOFINANZ AG (IIA AV-€17.41 -Vienna). S IMMO is a real estate investment company based in Vienna with investments across the European Union. Under terms of the agreement S IMMO shareholders will receive €18.04 cash per share, valuing the transaction at approximately €1 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval. No closing guidance has been provided at this time. Announcement Date: 3/14/2021
Battle North Gold Corp. (BNAU CN-C$2.60-Toronto) agreed to be acquired by Evolution Mining Ltd. (EVN AU-A$4.08-Sydney). Battle North Gold engages in the exploration of gold properties in Canada and the U.S. Under terms of the agreement Battle North shareholders will receive C$2.65 cash per share, valuing the transaction at approximately C$300 million. The transaction is subject to shareholder, as well as court approval and is expected to close in the second quarter of 2021. Announcement Date: 3/14/2021
Bryn Mawr Bank Corp. (BMTC-$45.51-NASDAQ) agreed to be acquired by WSFS Financial Corp. (WSFS-$49.79-NASDAQ). Bryn Mawr Bank provides commercial and retail banking services to individual and business customers. Under terms of the agreement Bryn Mawr shareholders will receive 0.90 shares of WSFS common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 3/10/2021
GT Gold Corp. (GTT CN-C$3.22-Toronto) agreed to be acquired by Newmont Corp. (NEM-$60.23-NYSE). GT Gold acquires and develops mineral properties in Canada. Under terms of the agreement GT Gold shareholders will receive C$3.25 cash per share, valuing the transaction at approximately C$500 million. The transaction is subject to shareholder approval and is expected to close in the second quarter of 2021. Announcement Date: 3/10/2021
Talend SA (TLND-$63.64-NASDAQ) agreed to be acquired by Thoma Bravo. Talend provides data integration and integrity solutions for various industries globally. Under terms of the agreement Talend shareholders will receive $66.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to the tender of at least 80% of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2021. Talend is also permitted to solicit superior bids from parties during a 30 day “go-shop” period. Announcement Date: 3/10/2021
Cerved Group SpA (CERV IM-€9.43-Milan) agreed to be acquired by ION Capital. Cerved Group provides information products and services for financial institutions and corporations in Italy and internationally. Under terms of the agreement Cerved shareholders will receive €9.50 cash per share, valuing the transaction at approximately €2 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2021. Announcement Date: 3/09/2021
Tervita Corp. (TEV CN-C$4.61-Toronto) agreed to be acquired by SECURE Energy Services, Inc. (SES CN-C$3.63-Toronto). Tervita is a waste service provider in Canada and the U.S. Under terms of the agreement Tervita shareholders will receive 1.2757 shares of SECURE common stock per share, valuing the transaction at approximately C$500 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second quarter of 2021. Announcement Date: 3/09/2021
Golden Pacific Bancorp, Inc. (GPBI-$2.55-OTC) agreed to be acquired by Social Financial, Inc. Golden Pacific Bancorp offers banking products and services to consumers and businesses. Under terms of the agreement Golden Pacific shareholders will receive $2.55 cash per share, valuing the transaction at approximately $20 million. The transaction is subject to regulatory approvals and is expected to close by the end of 2021. Announcement Date: 3/09/2021
Pluralsight, Inc. (PS-$22.28-NASDAQ) agreed to be acquired by Vista Equity Partners under improved terms. Pluralsight operates a cloud-based technology skills platform in the U.S., Europe, the Middle East, Africa, and internationally. Under terms of the revised agreement Pluralsight shareholders will receive $22.50 cash per share, valuing the transaction at approximately $3 billion. In December 2020, Pluralsight agreed to be acquired by Vista for $20.26 cash per share, but after a number of shareholders expressed concerns about the sale process, and valuation Vista agreed to increase the deal terms and convert to a tender offer instead of a merger. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2021. Announcement Date: 3/08/2021
Norwegian Finans Holding ASA (NOFI NO-NOK96.00-Oslo) received an offer to be acquired by Nordax Bank AB. Norwegian Finans Holding provides various digital banking products and services to retail customers in Norway, Finland, Sweden, and Denmark. Under terms of the offer Norwegian Finans shareholders would receive NOK 95.00 cash per share, valuing the transaction at approximately NOK 18 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first half of 2021. Announcement Date: 3/04/2021
Five Prime Therapeutics, Inc. (FPRX-$37.67-NASDAQ) agreed to be acquired by Amgen, Inc. (AMGN-$248.81-NASDAQ). Five Prime Therapeutics develops innovative protein therapeutics. Under terms of the agreement Five Prime shareholders will receive $38.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2021. Announcement Date: 3/04/2021
The Michaels Companies, Inc. (MIK-$21.94-NASDAQ) agreed to be acquired by Apollo Global Management, Inc. (APO-$47.02-NYSE). The Michaels Companies owns and operates arts and crafts specialty stores in the U.S. and Canada. Under terms of the agreement Michaels shareholders will receive $22.00 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first half of 2021. Michaels is also permitted to solicit superior bids from parties during a 25-day “go-shop” period. Announcement Date: 3/03/2021
Boingo Wireless, Inc. (WIFI-$14.07-NASDAQ) agreed to be acquired by Digital Colony Management LLC. Boingo Wireless provides wireless connectivity solutions for smartphones, tablets, and other wireless-enabled consumer devices worldwide. Under terms of the agreement Boingo shareholders will receive $14.00 cash per share, valuing the transaction at approximately $900 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 3/01/2021
Pandion Therapeutics, Inc. (PAND-$60.20-NASDAQ) agreed to be acquired by Merck & Co., Inc. (MRK-$72.62-NYSE). Pandion develops various therapeutics to address the unmet needs of patients suffering from autoimmune diseases. Under terms of the agreement Pandion shareholders will receive $60.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first half of 2021. Announcement Date: 2/25/2021
People’s United Financial, Inc. (PBCT-$17.94-NASDAQ) agreed to be acquired by M&T Bank Corp. (MTB-$150.94-NYSE). People’s United Financial is the holding company for People’s United Bank which provides commercial and retail banking and wealth management services. Under terms of the agreement People’s United shareholders will receive 0.118 shares of M&T common stock per share, valuing the transaction at approximately $8 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 2/22/2021
Cooper Tire & Rubber Co. (CTB-$57.24-NYSE) agreed to be acquired by The Goodyear Tire & Rubber Co. (GT-$16.81-NASDAQ). Cooper Tire designs and manufactures replacement tires in North America, Latin America, Europe and Asia. Under terms of the agreement Cooper Tire shareholders will receive $41.75 cash and 0.907 shares of Goodyear common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Announcement Date: 2/22/2021
Forterra, Inc. (FRTA-$23.27-NASDAQ) agreed to be acquired by Quikrete Holdings, Inc. Forterra manufactures and sells pipe and precast products in the U.S., Canada, and Mexico. Under terms of the agreement Forterra shareholders will receive $24.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to regulatory approval and is expected to close in the fourth quarter of 2021. Announcement Date: 2/22/2021
GasLog Ltd. (GLOG-$5.89-NYSE) agreed to be acquired by BlackRock GEPIF. GasLog owns and operates liquefied natural gas carriers providing support to international energy companies. Under terms of the agreement GasLog shareholders will receive $5.80 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 2/22/2021
Inter Pipeline Ltd. (IPL-C$17.91-Toronto) received an offer to be acquired by Brookfield Infrastructure Partners LP (BIP-$50.95-NYSE). Inter Pipeline engages in the petroleum transportation and storage, and natural gas liquids processing businesses in Canada and Europe. Under terms of the offer Inter Pipeline shareholders would have the option to receive C$16.50 cash and stock per share, valuing the transaction at approximately C$13 billion. The transaction would be subject to the tender of at least two-thirds of shares outstanding, as well as regulatory approval and would be expected to close in the first half of 2021. Announcement Date: 2/22/2021
ATSM S.p.A. (AT IM-€25.40-Milan) agreed to be acquired by NAF 2 S.p.A. ATSM operates in the sectors of motorway management, infrastructure engineering and construction projects, and transport and mobility technology. Under terms of the agreement ATSM shareholders will receive €25.60 cash per share, valuing the transaction at approximately €4 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval. Announcement Date: 2/20/2021
Enable Midstream Partners LP (ENBL-$6.62-NYSE) agreed to be acquired by Energy Transfer LP (ET-$7.64-NYSE). Enable Midstream Partners owns, operates, and develops midstream energy infrastructure assets in the U.S. Under terms of the agreement Enable Midstream shareholders will receive 0.8595 shares of Energy Transfer common stock per share, valuing the transaction at approximately $7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Announcement Date: 2/17/2021
Aegion Corp. (AEGN-$25.85-NASDAQ) agreed to be acquired by New Mountain Capital LLC. Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure in the U.S. and internationally. Under terms of the agreement Aegion shareholders will receive $26.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 2/16/2021
Protective Insurance Corp. (PTVCB-$22.91-NASDAQ) agreed to be acquired by The Progressive Corp. (PGR-$85.95-NYSE). Protective Insurance markets and underwrites property and casualty insurance products. Under terms of the agreement Protective Insurance shareholders will receive $23.30 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2021. Announcement Date: 2/16/2021
Tribune Publishing Co. (TPCO-$16.98-NASDAQ) agreed to be acquired by Alden Global Capital. Tribune Publishing Co. publishes newspapers worldwide. Under terms of the agreement Tribune shareholders will receive $17.25 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 2/16/2021
Coca-Cola Amatil Ltd. (CCL AU-A$13.39-Sydney) agreed to be acquired by Coca-Cola European Partners plc (CCEP-$50.95-NYSE) under revised terms. Coca-Cola Amatil prepares, distributes, and sells non-alcoholic and alcoholic ready-to-drink beverages in Australia, New Zealand, Indonesia, Papua New Guinea, Fiji, and Samoa. Under terms of the agreement Coca-Cola Amatil shareholders will receive A$13.50 cash per share, valuing the transaction at approximately A$11 billion. Coca-Cola European Partners had previously agreed to acquire Coca-Cola Amatil for A$12.75 cash in October 2020. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 2/15/2021
Synacor, Inc. (SYNC-$2.13-NASDAQ) agreed to be acquired by Centre Lane Partners. Synacor provides email and collaboration software, cloud-based identity management platforms and advertising solutions in the U.S. and internationally. Under terms of the agreement Synacor shareholders will receive $2.20 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2021. Announcement Date: 2/11/2021
NIC, Inc. (EGOV-$34.71-NASDAQ) agreed to be acquired by Tyler Technologies, Inc. (TYL-$463.42-NYSE). NIC provides digital services that enable governments to use technology to provide various services to businesses and citizens in the U.S. Under terms of the agreement NIC shareholders will receive $34.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 2/10/2021
Dynac Holdings Corp. (2675 JP-¥1,297-Tokyo) agreed to be acquired by Suntory Holdings. Dynac Holdings operates and manages multi-business restaurants primarily in Japan. Under terms of the agreement Dynac shareholders will receive ¥1,300 cash per share, valuing the transaction at approximately ¥4 billion. The transaction is subject to the tender of at least a majority of shares outstanding and is expected to close in the second quarter of 2021. Announcement Date: 2/10/2021
Seven Generations Energy Ltd. (VII CN-C$8.40-Toronto) agreed to be acquired by ARC Resources Ltd. (ARX CN-C$7.62-Toronto). Seven Generations Energy engages in the development of oil and natural gas properties in Canada. Under terms of the agreement Seven Generations shareholders will receive 1.108 shares of Arc common stock per share, valuing the transaction at approximately C$8 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second quarter of 2021. Announcement Date: 2/10/2021
Nucleus Financial Group plc (NUC LN-£1.89-London) agreed to be acquired by James Hay Partnership. Nucleus Financial operates an online wrap platform for the financial services industry. Under terms of the agreement Nucleus shareholders will receive £1.88 cash per share, valuing the transaction at approximately £100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 2/09/2021
Pinnacle Renewable Energy, Inc. (PL CN-C$10.98-Toronto) agreed to be acquired by Drax Group plc (DRX LN-£3.82-London). Pinnacle Renewable Energy manufactures and sells industrial wood pellets for industrial electrical power generation and home heating consumption in North America, Asia, and Europe. Under terms of the agreement Pinnacle shareholders will receive C$11.30 cash per share, valuing the transaction at approximately C$700 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second or third quarter of 2021. Announcement Date: 2/08/2021
CRH Medical Corp. (CRHM-$3.87-NYSE) agree to be acquired by WELL Health Technologies Corp. (WELL CN-C$8.88-Toronto). CRH Medical provides anesthesia services for patients undergoing endoscopic procedures in the U.S. and Canada. Under terms of the agreement CRH shareholders will receive $4.00 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 2/08/2021
Cubic Corp. (CUB-$69.45-NYSE) agreed to be acquired by Veritas Capital and Elliott Investment Management LP. Cubic Corp. designs and operates systems for command, control, communications, computers, intelligence, surveillance, and reconnaissance customers worldwide. Under terms of the agreement Cubic shareholders will receive $70.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 2/08/2021
Glu Mobile, Inc. (GLUU-$12.48-NASDAQ) agreed to be acquired by Electronic Arts, Inc. (EA-$133.97-NASDAQ). Glu Mobile develops a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. Under terms of the agreement Glu Mobile shareholders will receive $12.50 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 2/08/2021
Dialog Semiconductor plc (DLG GY-€64.40-Frankfurt) agreed to be acquired by Renesas Electronics Corp. (6723 JP-¥1,169-Tokyo). Dialog Semiconductor develops highly integrated, mixed signal integrated circuits (ICs) for personal, portable, hand-held devices. Under terms of the agreement Dialog shareholders will receive €67.50 cash per share, valuing the transaction at approximately €5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Announcement Date: 2/08/2021
Tsukui Holdings Corp. (2398 JP-¥924-Tokyo) agreed to be acquired by MBK Partners. Tsukui Holdings provides various home and nursing care services in Japan. Under terms of the agreement Tsukui shareholders will receive ¥924 cash per share, valuing the transaction at approximately ¥27 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 2/08/2021
Signature Aviation plc (SIG LN-£3.99-London) agreed to be acquired by Global Infrastructure Partners, Blackstone & Cascade under revised terms. Signature Aviation Group provides flight support services to the business and general aviation markets. Under terms of the agreement Signature Aviation shareholders will receive US$5.62 cash per share, valuing the transaction at approximately $10 billion. Signature Aviation previously agreed to be acquired by Global Infrastructure Partners for US$5.50 in January 2021. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 2/05/2021
CoreLogic, Inc. (CLGX-$84.66-NYSE) agreed to be acquired by Stone Point Capital and Insight Partners. CoreLogic provides property information, insight, analytics, and data-enabled solutions in North America, Western Europe, and the Asia Pacific. Under terms of the agreement CoreLogic shareholders will receive $80.00 cash per share, valuing the transaction at approximately $8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 2/04/2021
GW Pharmaceuticals plc (GWPH-$214.25-NASDAQ) agreed to be acquired by Jazz Pharmaceuticals plc (JAZZ-$168.04-NASDAQ). GW Pharmaceuticals develops novel therapeutics from its proprietary cannabinoid product platform. Under terms of the agreement GW Pharmaceuticals shareholders will receive $200.00 cash and $20.00 worth of Jazz common stock per share, subject to a collar, valuing the transaction at approximately $7 billon. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 2/03/2021
Viela Bio, Inc. (VIE-$53.20-NASDAQ) agreed to be acquired by Horizon Therapeutics plc (HZNP-$90.91-NASDAQ). Viela Bio engages in the research and development of treatments for severe inflammation and autoimmune diseases in the U.S. Under terms of the agreement Viela shareholders will receive $53.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 2/01/2021
Kentucky Bancshares, Inc. (KTYB-$32.50-OTC) agreed to be acquired by Stock Yards Bancorp, Inc. (SYBT-$45.20-NASDAQ). Kentucky Bancshares operates as the bank holding company for Kentucky Bank that provides commercial and consumer banking products and services. Under terms of the agreement Kentucky shareholders will receive $4.75 cash and 0.64 shares of Stock Yards common stock per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 1/27/2021
ADVANZ PHARMA Corp. Ltd. (CXRXF-$16.37-OTC) agreed to be acquired by Nordic Capital. ADVANZ PHARMA owns or licenses a portfolio of branded and generic prescription products. Under terms of the agreement ADVANZ shareholders will receive $17.26 cash per share, valuing the transaction at approximately $800 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 1/27/2021
Perspecta, Inc. (PRSP-$28.95-NYSE) agreed to be acquired by Veritas Capital. Perspecta provides enterprise information technology services to government customers in the U.S. federal, state, and local markets. Under terms of the agreement Perspecta shareholders will receive $29.35 cash per share, valuing the transaction at approximately $7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2021. Announcement Date: 1/27/2021
Scapa Group plc (SCPA LN-£2.19-London) agreed to be acquired by Schweitzer-Mauduit International, Inc. (SWM-$37.14-NYSE). Scapa Group manufactures and sells bonding products and adhesive components for applications in the healthcare and industrial markets. Under terms of the agreement Scapa shareholders will receive £2.10 cash per share, valuing the transaction at approximately £400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 1/27/2021
QMX Gold Corp. (QMX CN-C$0.275-Toronto) agreed to be acquired by Eldorado Gold Corp. (ELD CN-C$14.35-Toronto). QMX Gold engages in the acquisition, exploration, and evaluation of mineral properties in Canada. Under terms of the agreement QMX shareholders will receive C$0.075 cash and 0.01523 shares of Eldorado common stock per share, valuing the transaction at approximately C$100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in March or April of 2021. Announcement Date: 1/21/2021
Coherent, Inc. (COHR-$200.84-NASDAQ) agreed to be acquired by Lumentum Holdings, Inc. (LITE-$93.80-NASDAQ). Coherent provides lasers, laser-based technologies, and laser-based system solutions. Under terms of the agreement Coherent shareholders will receive $100.00 cash and 1.1851 shares of Lumentum common stock per share, valuing the transaction at approximately $6 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second half of 2021. Announcement Date: 1/19/2021
ProSight Global, Inc. (PROS-$12.45-NYSE) agreed to be acquired by TowerBrook Capital Partners and Further Global Capital Management. ProSight Global operates as an entrepreneurial specialty insurance company in the U.S. Under terms of the agreement ProSight shareholders will receive $12.85 cash per share, valuing the transaction at approximately $600 million The transaction is subject to regulatory approval and is expected to close in the third quarter of 2021. Announcement Date: 1/15/2021
Acacia Communications, Inc. (ACIA-$114.40-NASDAQ) agreed to be acquired by Cisco Systems, Inc. (CSCO-$44.58-NASDAQ) under revised terms. Acacia Communications develops high-speed coherent optical interconnect products. Under terms of the agreement Acacia shareholders will receive $115.00 cash per share, valuing the transaction at approximately $5 billion. Acacia had previously agreed to be acquired by Cisco for $70.00 cash in July 2019. The transaction is subject to shareholder approval and is expected to close in the first quarter of 2021. Announcement Date: 1/14/2021
Atlantic Power Corp. (AT-$2.96-NYSE) agreed to be acquired by I Squared Capital. Atlantic Power owns and operates a fleet of power generation assets in the U.S. and Canada. Under terms of the agreement Atlantic shareholders will receive $3.03 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 1/14/2021
Corning Natural Gas Holding Corp. (CNIG-$23.62-OTC) agreed to be acquired by Argo Infrastructure. Corning Natural Gas distributes natural gas and electricity. Under terms of the agreement Corning shareholders will receive $24.75 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Corning is also permitted to solicit superior bids from parties during a 45 day “go-shop” period. Announcement Date: 1/13/2021
Golar LNG Partners LP (GMLP-$3.43-NASDAQ) agreed to be acquired by New Fortress Energy, Inc. (NFE-$44.68-NASDAQ). Golar LNG Partners owns and operates floating storage regasification units and liquefied natural gas carriers. Under terms of the agreement Golar shareholders will receive $3.55 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is excepted to close in the first half of 2021. Announcement Date: 1/13/2021
Cantel Medical Corp. (CMD-$78.97-NYSE) agreed to be acquired by STERIS plc (STE-$187.11-NYSE). Cantel Medical provides infection prevention and control products and services for the healthcare market. Under terms of the agreement Cantel shareholders will receive $16.93 cash and 0.33787 shares of STERIS common stock per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 1/12/2021
The ODP Corp. (ODP-$42.69-NASDAQ) received an offer to be acquired by USR Parent, Inc. The ODP Corp. provides business services and supplies, products, and technology solutions for businesses. Under terms of the offer ODP shareholders would receive $40.00 cash per share, valuing the transaction at approximately $2 billion. The proposal is under review as part of ODP’s broader strategy, and we continue to monitor the situation. Announcement Date: 1/11/2021
FBL Financial Group, Inc. (FFG-$56.04-NYSE) agreed to be acquired by Farm Bureau P&C. FBL Financial sells individual life insurance and annuity products. Under terms of the agreement FBL shareholders will receive $56.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2021. Announcement Date: 1/11/2021
W.R. Grace & Co. (GRA-$58.02-NYSE) received an offer to be acquired by 40 North Management LLC under revised terms. W.R. Grace produces and sells specialty chemicals and materials worldwide. Under terms of the offer W.R. Grace shareholders would receive $65.00 cash per share, valuing the transaction at approximately $4 billion. 40 North had previously made an offer to acquire W.R. Grace for $60.00 cash in November 2020.The proposal is under review as part of W.R. Grace’s broader strategy, and we continue to monitor the situation. Announcement Date: 1/11/2021
CA Immobilien Anlagen AG (CAI AV-€35.50-Vienna) agreed to be acquired by Starwood Capital Group. CA Immobilien leases, manages and develops high-quality office buildings in Vienna and Central Europe. Under terms of the agreement CA Immobilien shareholders will receive €34.44 cash per share, valuing the transaction at approximately €3 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval. No closing guidance has been provided, and we continue to monitor the situation. Announcement Date: 1/11/2021
National Holdings Corp. (NHLD-$3.27-NASDAQ) agreed to be acquired by B. Riley Financial, Inc. (RILY-$48.20-NASDAQ). Under terms of the agreement National Holdings shareholders will receive $3.25 cash per share, valuing the transaction at approximately $45 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 1/11/2021
Signature Aviation plc (SIG LN-£4.11-London) agreed to be acquired by Global Infrastructure Partners. Signature Aviation Group provides flight support services to the business and general aviation markets. Under terms of the agreement Signature Aviation shareholders will receive £4.06 cash per share, valuing the transaction at approximately £3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 1/11/2021
Oxford Immunotec Global plc (OXFD-$21.85-NASDAQ) agreed to be acquired by PerkinElmer, Inc. (PKI-$147.07-NYSE). Oxford Immunotec Global develops proprietary tests for immunology and infectious diseases in the U.S., Europe, Asia, and internationally. Under terms of the agreement Oxford shareholders will receive $22.00 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2021. Announcement Date: 1/07/2021
Enlabs AB (NLAB SS-SEK43.00-Stockholm) agreed to be acquired by Entain plc (ENT LN-£12.41-London). Enlabs creates entertainment in gaming, media, and solutions business areas. Under terms of the agreement Enlabs shareholders will receive SEK 40.00 cash per share, valuing the transaction at approximately SEK 3 billion. The offers are subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 1/07/2021
Change Healthcare, Inc. (CHNG-$23.86-NASDAQ) agreed to be acquired by UnitedHealth Group, Inc. (UNH-$333.58-NYSE). Change Healthcare provides data and analytics-driven solutions to enhance clinical, financial, administrative, and patient engagement outcomes in the U.S. healthcare system. Under terms of the agreement Change shareholders will receive $25.75 cash per share, valuing the transaction at approximately $8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Announcement Date: 1/06/2021
Alaska Communications Systems Group, Inc. (ALSK-$3.28-NASDAQ) agreed to be acquired by ATN International, Inc. (ATNI-$43.18-NASDAQ). Alaska Communications provides broadband telecommunication and managed information technology services to business, wholesale, and consumer customers in the U.S. Under terms of the agreement Alaska Communications shareholders will receive $3.40 cash per share, valuing the transaction at approximately $300 million. Alaska Communications had previously agreed to be acquired by Macquarie Capital and GCM Grosvenor for $3.00 cash in November, which was subsequently raised to $3.26 in December 2020. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Announcement Date: 1/04/2021
Brookfield Property Partners LP (BPY-$17.03-NASDAQ) received an offer to be acquired by Brookfield Asset Management, Inc. (BAM-$38.84-NYSE). Brookfield Property Partners is one of the world's premier real estate companies, with approximately $88 billion in total assets. Under terms of the offer Brookfield Property shareholders could receive $16.50 cash or 0.40 shares of Brookfield Asset common stock per share, valuing the transaction at approximately $6 billion. The proposal is under review, and we continue to monitor the situation. Announcement Date: 1/04/2021
FLIR Systems, Inc. (FLIR-$52.05-NASDAQ) agreed to be acquired by Teledyne Technologies, Inc. (TDY-$357.01-NYSE). FLIR Systems develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. Under terms of the agreement FLIR Systems shareholders will receive $28.00 cash and 0.0718 shares of Teledyne common stock per share, valuing the transaction at approximately $8 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first half of 2021. Announcement Date: 1/04/2021
Magellan Health, Inc. (MGLN-$93.98-NASDAQ) agreed to be acquired by Centene Corp. (CNC-$60.30-NYSE). Magellan Health provides healthcare management services in the U.S. Under terms of the agreement Magellan shareholders will receive $95.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Announcement Date: 1/04/2021
Navios Maritime Containers LP (NMCI-$5.05-NASDAQ) agreed to be acquired by Navios Maritime Partners LP (NMM-$13.21-NYSE). Navios Maritime Containers owns and operates containerships for the maritime industry in Asia and Europe. Under terms of the agreement Navios Maritime Containers shareholders will receive 0.39 shares of Navios Maritime Partners common stock per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2021. Announcement Date: 1/04/2021
SMTC Corp. (SMTX-$5.87-NASDAQ) agreed to be acquired by HIG Capital. SMTC provides electronics manufacturing services in the U.S., Canada, and Mexico. Under terms of the agreement SMTC shareholders will receive $6.044 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 1/04/2021
Entain plc (ENT LN-£12.41-London) received an offer to be acquired by MGM Resorts International (MGM-$28.56-NYSE). Entain operates as an online gaming company in the U.K. and internationally. Under terms of the offer Entain shareholders would receive 0.60 shares of MGM common stock per share, valuing the transaction at approximately £8 billion. The proposal is under review and we continue to monitor the situation. Announcement Date: 1/04/2021
PRGX Global, Inc. (PRGX-$7.63-NASDAQ) agreed to be acquired by Ardian. PRGX Global provides recovery audit services to businesses having payment transactions and procurement environments worldwide. Under terms of the agreement PRGX Global shareholders will receive $7.71 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 12/24/2020
Alaska Communications Systems Group, Inc. (ALSK-$3.69-NASDAQ) agreed to be acquired by Macquarie Capital and GCM Grosvenor under revised terms. Alaska Communications provides broadband telecommunication and managed information technology services to business, wholesale, and consumer customers in the U.S. Under terms of the agreement Alaska Communications shareholders will receive $3.26 cash per share, valuing the transaction at approximately $300 million. Macquarie and GCM Grosvenor had previously made an offer to acquire Alaska Communications for $3.00 cash in November 2020. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Announcement Date: 12/22/2020
Applegreen plc (APGN ID-€5.70-Ireland) agreed to be acquired by Blackstone Infrastructure Partners and the company’s Founders. Applegreen plc operates motorway service areas, trunk road service areas, and petrol filling stations. Under terms of the agreement Applegreen shareholders will receive €5.75 cash per share, valuing the transaction at approximately €700 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 12/22/2020
Sportsman’s Warehouse Holdings, Inc. (SPWH-$17.55-NASDAQ) agreed to be acquired by Great American Outdoors Group. Sportsman’s Warehouse operates as an outdoor sporting goods retailer in the U.S. Under terms of the agreement Sportsman’s Warehouse shareholders will receive $18.00 cash per share, valuing the transaction at approximately $800 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Sportsman’s Warehouse is also permitted to solicit superior bids from parties during a 40 day “go-shop” period. Announcement Date: 12/21/2020
Aerojet Rocketdyne Holdings, Inc. (AJRD-$52.85-NYSE) agreed to be acquired by Lockheed Martin Corp. (LMT-$354.98-NYSE). Aerojet Rocketdyne designs, develops, manufactures, and sells aerospace and defense products and systems in the U.S. Under terms of the agreement Aerojet shareholders will receive $56.00 cash per share, including a $5.00 pre-closing special dividend, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Announcement Date: 12/20/2020
Tikkurila Oyj (TIK1V FH-€24.95-Helsinki) agreed to be acquired by PPG Industries, Inc. (PPG-$144.22-NYSE). Tikkurila produces and sells a range of decorative paints in Russia, Sweden, Finland, Poland, and internationally. Under terms of the agreement Tikkurila shareholders will receive €25.00 cash per share, valuing the transaction at approximately €1 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2021. Announcement Date: 12/18/2020
BioTelemetry, Inc. (BEAT-$72.08-NASDAQ) agreed to be acquired by Koninklijke Philips NV (PHIA NA-€43.78-Amsterdam). BioTelemetry is a remote medical technology company. Under terms of the agreement BioTelemetry shareholders will receive $72.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 12/18/2020
Altice Europe NV (ATC NA-€5.33-Amsterdam) received an offer to be acquired by Patrick Drahi under revised terms. Altice Europe operates as a telecom, content, media, entertainment, and advertising company primarily in France, Portugal, Israel, and the Dominican Republic. Under terms of the offer Altice shareholders would receive €5.35 cash per share, valuing the transaction at approximately €43 billion. Patrick Drahi had previously made an offer to acquire Altice for €4.11 in September 2020. The transaction is subject to the tender of at least a majority of shares outstanding and is expected to close in the first quarter of 2021. Announcement Date: 12/16/2020
Premier Gold Mines Ltd. (PG CN-C$3.01-Toronto) agreed to be acquired by Equinox Gold Corp. (EQX CN-C$13.17-Toronto). Premier Gold Mines explores for, develops, and produces gold and silver deposits in Canada, the U.S., and Mexico. Under terms of the agreement Premier shareholders will receive 0.1967 shares of Equinox common stock and 0.4 shares of SpinCo per share, valuing the transaction at approximately C$600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 12/16/2020
Cardtronics plc (CATM-$35.30-NASDAQ) agreed to be acquired by Hudson Executive Capital LP and Apollo Global Management, Inc. (APO-$48.98-NYSE). Cardtronics provides automated consumer financial services through its network of ATMs and multi-function financial services kiosks. Under terms of the agreement Cardtronics shareholders will receive $35.00 cash per share, valuing the transaction at approximately $2 billion. Hudson and Apollo made an initial offer of $31.00 cash per share earlier in the month. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2021. Announcement Date: 12/15/2020
Allgon AB (ALLGB SS-SEK14.00-Stockholm) received competing offers to be acquired by Latour Industries and Bure Equity AB (BURE SS-SEK295.60 -Stockholm). Allgon develops, manufactures and supplies solutions in industrial radio remote control worldwide. Under terms of Latour’s offer, Allgon shareholders would receive SEK 10.75 cash per share, valuing the transaction at approximately SEK 600 million. Under terms of Bure’s offer, Allgon shareholders would receive SEK 13.50 cash per share, valuing the transaction at approximately SEK 800 million. The offers are subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and we continue to monitor the situation. Announcement Date: 12/14/2020 (Labour), 12/22/2020 (Bure)
Codemasters Group Holdings plc (CDM LN-£6.54-London) agreed to be acquired by Electronic Arts, Inc. (EA-$143.60-NASDAQ). Codemasters Group develops and sells racing games in the U.K., rest of Europe, the U.S., Australia, and internationally. Under terms of the agreement Codemasters shareholders will receive £6.04 cash per share, valuing the transaction at approximately £900 million. Codemasters had previously agreed to be acquired by Take-Two Interactive Software, Inc. (TTWO-$207.79-NASDAQ) for £1.20 cash and 0.02834 shares of Take-Two common stock per share in November 2020. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 12/14/2020
People Corp. (PEO CN-C$15.05-Toronto) agreed to be acquired by Goldman Sachs Merchant Banking. People Corp. delivers employee group benefit consulting, third-party benefits administration, and pension and human resources consulting services. Under terms of the agreement People shareholders will receive C$15.22 cash per share, valuing the transaction at approximately C$1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 12/14/2020
Recipharm AB (RECIB SS-SEK219.20-Stockholm) agreed to be acquired by EQT AB (EQT SS-SEK212.40-Stockholm). Recipharm provides contract development and manufacturing solutions to the pharmaceutical industry in Europe and internationally. Under terms of the agreement Recipharm shareholders will receive SEK 220.00 cash per share, valuing the transaction at approximately SEK 22 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 12/14/2020
Pluralsight, Inc. (PS-$20.96-NASDAQ) agreed to be acquired by Vista Equity Partners. Pluralsight operates a cloud-based technology skills platform in the U.S., Europe, the Middle East, Africa, and internationally. Under terms of the agreement Pluralsight shareholders will receive $20.26 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2021. Announcement Date: 12/13/2020
TCF Financial Corp. (TCF-$37.02-NASDAQ) agreed to be acquired by Huntington Bancshares, Inc. (HBAN-$12.63-NASDAQ). TCF Financial provides various financial products and services in the U.S. and Canada. Under terms of the agreement TCF Financial shareholders will receive 3.0028 shares of Huntington common stock per share, valuing the transaction at approximately $6 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second quarter of 2021. Announcement Date: 12/13/2020
Hunter Douglas NV (HDG NA-€64.20-Amsterdam) agreed to be acquired by the Sonnenberg Family. Hunter Douglas manufactures and sells window coverings and architectural products worldwide. Under terms of the agreement Hunter Douglas shareholders will receive €64.00 cash per share, valuing the transaction at approximately €2 billion. The transaction is subject to regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 12/12/2020
Alexion Pharmaceuticals, Inc. (ALXN-$156.24-NASDAQ) agreed to be acquired by AstraZeneca plc (AZN-$49.99-NASDAQ). Alexion Pharmaceuticals develops and commercializes various therapeutic products. Under terms of the agreement Alexion shareholders will receive $60.00 cash and 2.1243 shares of AstraZeneca common stock per share, valuing the transaction at approximately $39 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the third quarter of 2021. Announcement Date: 12/12/2020
ZAGG, Inc. (ZAGG-$4.17-NASDAQ) agreed to be acquired by Evercel, Inc. (EVRC-$2.94-OTC). ZAGG designs mobile tech accessories for smartphones, tablets, smartwatches, and other mobile technology in the U.S., Europe, and internationally. Under terms of the agreement ZAGG shareholders will receive $4.20 cash per share, valuing the transaction at approximately $100 million. The agreement also includes a Contingent Value Right (“CVR”) of $0.25 per share, which will be paid if the Company’s Paycheck Protection Program Loan (the “PPP Loan”) is forgiven and any audit related thereto is satisfactorily completed. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 12/11/2020
MTS Systems Corp. (MTSC-$58.16-NASDAQ) agreed to be acquired by Amphenol Corp. (APH-$130.77-NYSE). MTS Sytems supplies test systems, motion simulators, and precision sensors in the Americas, Europe, and Asia. Under terms of the agreement MTS shareholders will receive $58.50 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2021. Announcement Date: 12/09/2020
Siltronic AG (WAF GY-€128.10-Frankfurt) agreed to be acquired by GlobalWafers Co. Ltd. of Taiwan (6488 TT-NT$708.00-Taiwan). Siltronic manufactures and sells semiconductor silicon wafers with diameters of up to 300 mm worldwide. Under terms of the agreement Siltronic shareholders will receive €125.00 cash per share, valuing the transaction at approximately €4 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second half of 2021. Announcement Date: 12/09/2020
G4S plc (GFS LN-£2.54-London) agreed to be acquired by Allied Universal Topco LLC. G4S plc provides security and related services in Africa, the Americas, Asia, Europe, and the Middle East. Under terms of the agreement G4S shareholders will receive £2.45 cash per share, valuing the transaction at approximately £4 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 12/08/2020
TORC Oil & Gas Ltd. (TOG CN-C$2.73-Toronto) agreed to be acquired by Whitecap Resources, Inc. (WCP CN-C$4.86-Toronto). TORC engages in the exploration and production of petroleum and natural gas in the Western Canadian Sedimentary Basin. Under terms of the agreement TORC shareholders will receive 0.57 shares of Whitecap common stock per share, valuing the transaction at approximately C$900 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 12/08/2020
IMImobile plc (IMO LN-£5.95-London) agreed to be acquired by Cisco Systems, Inc. (CSCO-$44.75-NASDAQ). IMImobile provides cloud communications software and solutions. Under terms of the agreement IMImobile shareholders will receive £5.95 cash per share, valuing the transaction at approximately £500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 12/07/2020
McCarthy & Stone plc (MCS LN-£119.80-London) agreed to be acquired by Lone Star Funds. McCarthy & Stone operates in the retirement housing market in the U.K. Under terms of the agreement McCarthy shareholders will receive £1.20 cash per share, valuing the transaction at approximately £600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the end of 2020. Announcement Date: 12/07/2020
Anworth Mortgage Asset Corp. (ANH-$2.71-NYSE) agreed to be acquired by Ready Capital Corp. (RC-$12.45-NYSE). Anworth Mortgage Asset Corp. operates as a real estate investment trust (REIT) in the U.S. Under terms of the agreement Anworth shareholders will receive $0.61 cash and 0.1688 shares of Ready Capital common stock per share, valuing the transaction at approximately $200 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 12/07/2020
Plc Uutechnic Group Oyj (UUTEC FH-€0.60-Helsinki) agreed to be acquired by SPX FLOW, Inc. (FLOW-$57.96 -NYSE). Plc Uutechnic Group Oyj develops and manufactures equipment and services for enhancing production processes in the process industries worldwide. Under terms of the agreement Plc Uutechnic shareholders will receive €0.60 cash per share, valuing the transaction at approximately €30 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 12/07/2020
SEACOR Holdings, Inc. (CKH-$41.45-NYSE) agreed to be acquired by American Industrial Partners. SEACOR Holdings engages in transportation and logistics, risk management consultancy, and other businesses in the U.S. and internationally. Under terms of the agreement SEACOR shareholders will receive $41.50 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 12/07/2020
CFT S.p.A. (CFT IM-€4.54-Milan) agreed to be acquired by ATS Automation Tooling Systems, Inc. (ATA CN-C$22.35-Toronto). CFT S.p.A designs and installs plant and machinery for the food industry in Italy and internationally. Under terms of the agreement CFT shareholders will receive €4.60 cash per share, valuing the transaction at approximately €200 million. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 12/07/2020
Waddell & Reed Financial, Inc. (WDR-$25.47-NYSE) agreed to be acquired by Macquarie Asset Management. Waddell & Reed Financial provides investment management and advisory, investment product underwriting, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the U.S. Under terms of the agreement Waddell shareholders will receive $25.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 12/02/2020
Slack Technologies, Inc. (WORK-$42.24-NYSE) agreed to be acquired by salesforce.com, inc. (CRM-$222.53-NYSE). Slack Technologies operates Slack, a business technology software platform in the U.S. and internationally. Under terms of the agreement Slack shareholders will receive $26.79 cash and 0.0776 shares of salesforce.com common stock per share, valuing the transaction at approximately $28 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 12/01/2020
WPP AUNZ Ltd. (WPP AU-A$0.56-Sydney) has received an offer to be acquired by WPP plc (WPP-$48.33-NYSE). WPP AUNZ provides marketing, content, and communications services in Australia and internationally. Under terms of the offer WPP AUNZ shareholders would receive A$0.55 cash per share, valuing the transaction at approximately A$200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 11/30/2020
IHS Markit Ltd. (INFO-$99.46-NYSE) agreed to be acquired by S&P Global, Inc. (SPGI-$351.78-NYSE). IHS Markit provides critical information, analytics, and solutions for various industries and markets worldwide. Under terms of the agreement IHS Markit shareholders will receive 0.2838 shares of S&P common stock per share, valuing the transaction at approximately $44 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second half of 2021. Announcement Date: 11/30/2020
GoCo Group plc (GOCO LN-£1.22-London) agreed to be acquired by Future plc (FUTR LN-£16.88-London). GoCo Group operates internet-based price comparison websites for financial and non-financial products in the U.K. Under terms of the agreement GoCo shareholders will receive £0.33 cash and 0.52497 shares of Future common stock per share, valuing the transaction at approximately £600 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 11/25/2020
The Goldfield Corp. (GV-$6.97 -NYSE) agreed to be acquired by First Reserve Corp. The Goldfield Corp. provides electrical infrastructure construction services primarily to electric utilities and industrial customers in Southeast and mid-Atlantic regions of the U.S. Under terms of the agreement Goldfield shareholders will receive $7.00 cash per share, valuing the transaction at $200 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 11/24/2020
AA plc (AA LN-£0.32-London) agreed to be acquired by Warburg Pincus and Towerbrook Capital. AA plc provides roadside assistance, insurance, and driving services in the U.K. Under terms of the agreement AA shareholders will receive £0.35 cash per share, valuing the transaction at approximately £200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 11/24/2020
Primero Group Ltd. (PGX AU-A$0.55-Sydney) has received an offer to be acquired by NRW Holdings Ltd. (NWH AU-A$2.65-Sydney). Primero Group provides design, engineering, construction, and operational services to the minerals, energy, and infrastructure sectors in Australia. Under terms of the offer Primero shareholders would receive A$0.275 cash and 0.106 shares of NRW common stock per share, valuing the transaction at approximately A$100 million. The transaction is subject to shareholder, as well as regulatory approval. Closing guidance has not been provided. Announcement Date: 11/24/2020
Credito Valtellinese SpA (CVAL IM-€11.13-Milan) agreed to be acquired by Credit Agricole SA (ACA FP-€9.67-Paris). Credito Valtellinese provides various banking services to families, trades, professionals, and small and medium-sized companies in Italy. Under terms of the agreement Credito Valtellinese shareholders will receive €10.50 cash per share, valuing the transaction at approximately €700 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2021. Announcement Date: 11/23/2020
Front Yard Residential Corp. (RESI-$16.32-NYSE) agreed to be acquired by Pretium and Ares Management Corp. (ARES-$45.05-NYSE) under revised terms. Front Yard is an industry leader in providing quality, affordable rental homes to America's families. Under terms of the agreement Front Yard shareholders will receive $16.25 cash per share, valuing the transaction at approximately $3 billion. Front Yard had previously agreed to be acquired by Pretium and Ares for $13.50 cash per share in October 2020. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 11/23/2020
RSA Insurance Group plc (RSA LN-£6.74-London) agreed to be acquired by Intact Financial Corp. (IFC CN-$145.29-Toronto) and Tryg A/S (TRYG DC-DKK180.90-Copenhagen). RSA Insurance provides personal and commercial general insurance services. Under terms of the agreement RSA Insurance shareholders will receive £6.85 cash per share, valuing the transaction at approximately £7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 11/18/2020
HD Supply Holdings, Inc. (HDS-$55.78-NASDAQ) agreed to be acquired by The Home Depot, Inc. (HD-$275.91-NYSE). HD Supply Holdings operates as an industrial distributor in North America. Under terms of the agreement HD Supply shareholders will receive $56.00 cash per share, valuing the transaction at approximately $8 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 11/16/2020
Taubman Centers, Inc. (TCO-$42.72-NYSE) agreed to be acquired by Simon Property Group, Inc. (SPG-$82.57-NYSE) under revised terms. Taubman Centers is a Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet shopping centers in the U.S. and Asia. Under terms of the agreement Taubman shareholders will receive $43.00 cash per share, valuing the transaction at approximately $6 billion. Taubman had previously agreed to be acquired by Simon for $52.50 cash per share in February 2020. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 11/15/2020
Urovant Sciences Ltd. (UROV-$16.07-NASDAQ) agreed to be acquired by Sumitovant Biopharma. Urovant focuses on developing and commercializing therapies for urologic conditions in the U.S. Under terms of the agreement Urovant shareholders will receive $16.25 cash per share, valuing the transaction at approximately $700 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 11/12/2020
Codemasters Group Holdings plc (CDM LN-£5.04-London) agreed to be acquired by Take-Two Interactive Software, Inc. (TTWO-$180.51-NASDAQ). Codemasters Group develops and sells racing games in the U.K., rest of Europe, the U.S., Australia, and internationally. Under terms of the agreement Codemasters shareholders will receive £1.20 cash and 0.02834 shares of Take-Two common stock per share, valuing the transaction at approximately £700 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 11/10/2020
Clearwater Seafoods, Inc. (CLR CN-C$8.16-Toronto) agreed to be acquired by a Consortium of Investors. Clearwater Seafoods harvests, processes, markets, and distributes seafood worldwide. Under terms of the agreement Clearwater shareholders will receive C$8.25 cash per share, subject to change depending on transaction close date, valuing the transaction at approximately C$1 billion. The cash consideration increases to C$8.30 if the transaction closes after January 29, 2021, and to C$8.35 if after April 30, 2021. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2021. Announcement Date: 11/09/2020
Navistar International Corp. (NAV-$44.26-NYSE) agreed to be acquired by Traton SE (8TRA GR-€21.94-Frankfurt). Navistar manufactures and sells commercial trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines worldwide. Under terms of the agreement Navistar shareholders will receive $44.50 cash per share, valuing the transaction at approximately $5.7 billion. Traton had previously made an offer of $35.00 cash per share in January 2020. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close mid-2021. Announcement Date: 11/07/2020
Telenav, Inc. (TNAV-$4.75-NASDAQ) agreed to be acquired by V99, Inc. Telenav provides connected car and location-based platform services in the U.S. and internationally. Under terms of the agreement Telenav shareholders will receive $4.80 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Telenav is also permitted to solicit superior bids from parties during a 30 day “go-shop” period. Announcement Date: 11/03/2020
Alaska Communications Systems Group, Inc. (ALSK-$3.06-NASDAQ) agreed to be acquired by Macquarie Capital and GCM Grosvenor. Alaska Communications provides broadband telecommunication and managed information technology services to business, wholesale, and consumer customers in the U.S. Under terms of the agreement Alaska Communications shareholders will receive $3.00 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2021. Alaska Communications is also permitted to solicit superior bids from parties during a 30 day “go-shop” period. Announcement Date: 11/03/2020
Endurance International Group Holdings, Inc. (EIGI-$9.48-NASDAQ) agreed to be acquired by Clearlake Capital Group LP. Endurance International provides cloud-based platform solutions for small-and medium-sized businesses in the U.S. and internationally. Under terms of the agreement Endurance shareholders will receive $9.50 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 11/02/2020
Inphi Corp. (IPHI-$139.76-NASDAQ) agreed to be acquired by Marvell Technology Group Ltd. (MRVL-$37.51-NASDAQ). Inphi provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets in China, the United States, Thailand, and internationally. Under terms of the agreement Inphi shareholders will receive $66.00 cash and 2.323 shares of Marvell common stock per share, valuing the transaction at approximately $9 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second half of 2021. Announcement Date: 10/29/2020
Tiffany & Co. (TIF-$130.84-NYSE) agreed to be acquired by LVMH Moët Hennessy Louis Vuitton SE (MC FP-€402.30-Paris) under revised terms. Tiffany & Co. designs, manufactures, and retails jewelry and other items internationally. Under terms of the agreement Tiffany shareholders will now receive $131.50 cash per share, valuing the transaction at approximately $17 billion. Tiffany had previously agreed to be acquired by LVMH for $135.00 cash per share in November 2019. The transaction is subject to regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 10/29/2020
Medical & Biological Laboratories Co. Ltd. (4557 JP-¥4,385-Tokyo) agreed to be acquired by JSR Corp. (4185 JP-¥2,346-Tokyo). Medical & Biological Laboratories researches, develops, manufactures, and sells in vitro diagnostics and research reagents worldwide. Under terms of the agreement Medical & Biological shareholders will receive ¥4,400 cash per share, valuing the transaction at approximately ¥11 billion. The transaction is subject to the tender of at least a majority of shares outstanding and is expected to close in the fourth quarter of 2020. Announcement Date: 10/27/2020
Xilinx, Inc. (XLNX-$118.69-NASDAQ) agreed to be acquired by Advanced Micro Devices, Inc. (AMD-$75.29-NASDAQ). Xilinx designs and develops programmable devices and associated technologies worldwide. Under terms of the agreement Xilinx shareholders will receive 1.7234 shares of Advanced Micro common stock per share, valuing the transaction at approximately $34 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close by the end of 2021. Announcement Date: 10/27/2020
Mid-Con Energy Partners LP (MCEP-$2.13-NASDAQ) agreed to be acquired by Contango Oil & Gas Co. (MCF-$1.25-NYSE). Mid-Con Energy Partners engages in the acquisition, ownership, and development of producing oil and natural gas properties in North America. Under terms of the agreement Mid-Con shareholders will receive 1.75 shares of Contango common stock per share, valuing the transaction at approximately $40 million. The transaction is subject to approval by shareholders of both companies and is expected to close in the first quarter of 2021. Announcement Date: 10/26/2020
Coca-Cola Amatil Ltd. (CCL AU-A$12.43-Sydney) agreed to be acquired by Coca-Cola European Partners plc (CCEP-$35.71-NYSE). Coca-Cola Amatil prepares, distributes, and sells non-alcoholic and alcoholic ready-to-drink beverages in Australia, New Zealand, Indonesia, Papua New Guinea, Fiji, and Samoa. Under terms of the agreement Coca-Cola Amatil shareholders will receive A$12.75 cash per share, valuing the transaction at approximately A$9 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 10/26/2020
Genworth MI Canada, Inc. (MIC CN-C$44.20-Toronto) agreed to be acquired by Brookfield Business Partners LP (BBU-U CN-C$38.88-Toronto). Genworth MI Canada operates as a private residential mortgage insurer in Canada.. Under terms of the agreement Genworth shareholders will receive C$43.50 cash per share, valuing the transaction at approximately C$4 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first half of 2021. Announcement Date: 10/26/2020
Husky Energy, Inc. (HSE CN-C$3.43-Toronto) agreed to be acquired by Cenovus Energy, Inc. (CVE CN-C$4.36-Toronto). Husky Energy operates as an integrated energy company in the U.S., Western and Atlantic Canada, and the Asia Pacific. Under terms of the agreement Husky shareholders will receive 0.7845 shares of Cenovus common stock per share, in addition to 0.0651 Cenovus warrants, valuing the transaction at approximately C$4 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 10/25/2020
PNM Resources, Inc. (PNM-$50.00-NYSE) agreed to be acquired by Avangrid, Inc. (AGR-$49.34-NYSE). PNM Resources engages in the energy and energy-related businesses in the U.S. Under terms of the agreement PNM shareholders will receive $50.30 cash per share, valuing the transaction at approximately $8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2021. Announcement Date: 10/21/2020
Parsley Energy, Inc. (PE-$10.01-NYSE) agreed to be acquired by Pioneer Natural Resources Co. (PXD-$79.56-NYSE). Parsley Energy engages in the acquisition, development, exploration, production, and sale of crude oil and natural gas properties in the Permian Basin in west Texas and Southeastern New Mexico. Under terms of the agreement Parsley shareholders will receive 0.1252 shares of Pioneer common stock per share, valuing the transaction at approximately $7 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 10/20/2020
BioSpecifics Technologies Corp. (BSTC-$88.10-NASDAQ) agreed to be acquired by Endo International plc (ENDP-$4.57-NASDAQ). BioSpecifics Technologies develops an injectable collagenase clostridium histolyticum for various indications in the U.S. and internationally. Under terms of the agreement BioSpecifics shareholders will receive $88.50 cash per share, valuing the transaction at approximately $500 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2020. Announcement Date: 10/19/2020
Front Yard Residential Corp. (RESI-$13.39-NYSE) agreed to be acquired by Pretium and Ares Management Corp. (ARES-$42.30-NYSE). Front Yard is an industry leader in providing quality, affordable rental homes to America's families. Under terms of the agreement Front Yard shareholders will receive $13.50 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 10/19/2020
Concho Resources, Inc. (CXO-$41.51-NYSE) agreed to be acquired by ConocoPhillips (COP-$28.62-NYSE). Concho engages in the acquisition, development, and exploration of oil and natural gas properties in the Permian Basin of West Texas and southeast New Mexico. Under terms of the agreement Concho shareholders will receive 1.46 shares of ConocoPhillips common stock per share, valuing the transaction at approximately $13 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 10/19/2020
CIT Group, Inc. (CIT-$29.45-NYSE) agreed to be acquired by First Citizens BancShares, Inc, (FCNCA-$462.70-NASDAQ). CIT Group operates as the holding company for CIT Bank, N.A. that provides banking and related services to commercial and individual customers. Under terms of the agreement CIT shareholders will receive 0.0620 shares of First Citizens common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first half of 2021. Announcement Date: 10/16/2020
Watford Holdings Ltd. (WTRE-$36.00-NASDAQ) agreed to be acquired by Arch Capital Group Ltd. (ACGL-$30.21-NASDAQ). Watford Holdings operates as a property, casualty, and mortgage insurance and reinsurance company worldwide. Under terms of the agreement Watford shareholders will receive $35.00 cash per share, valuing the transaction at approximately $700 million. The transaction is subject to shareholder, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 10/09/2020
Eaton Vance Corp. (EV-$59.79-NYSE) agreed to be acquired by Morgan Stanley (MS-$48.15-NYSE). Eaton Vance engages in the creation, marketing, and management of investment funds in the United States. Under terms of the agreement Eaton Vance shareholders will receive $28.25 cash and 0.5833 shares of Morgan Stanley common stock per share, valuing the transaction at approximately $7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2021. Announcement Date: 10/08/2020
Eidos Therapeutics, Inc. (EIDX-$70.92-NASDAQ) agreed to be acquired by BridgeBio Pharma, Inc. (BBIO-$38.38-NASDAQ). Eidos Therapeutics focuses on developing drugs to treat diseases caused by transthyretin (TTR) or amyloidosis (ATTR). Under terms of the agreement Eidos shareholders may elect to receive $73.26 cash or 1.85 shares of BridgeBio common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 10/05/2020
MyoKardia, Inc. (MYOK-$223.53-NASDAQ) agreed to be acquired by Bristol-Myers Squibb Co. (BMY-$58.45-NYSE). MyoKardia discovers, develops, and commercializes targeted therapies for the treatment of serious and neglected rare cardiovascular diseases. Under terms of the agreement MyoKardia shareholders will receive $225.00 cash per share, valuing the transaction at approximately $11 billion. The transaction is subject to shareholder, as well as regulatory approval and is expected to close in the fourth quarter of 2020. Announcement Date: 10/05/2020
AMAG Pharmaceuticals, Inc. (AMAG-$9.40-NASDAQ) agreed to be acquired by Covis Group Sarl. AMAG Pharmaceuticals develops, manufactures, and commercializes therapeutics for maternal and women's health, and anemia management in the U.S. Under terms of the agreement AMAG shareholders will receive $13.75 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2020. Announcement Date: 10/01/2020
William Hill plc (WMH LN-£2.78-London) agreed to be acquired by Caesars Entertainment, Inc. (CZR-$56.06-NASDAQ). William Hill provides sports betting and gaming services in the U.K., U.S., and internationally. Under terms of the agreement William Hill shareholders will receive £2.72 cash per share, valuing the transaction at approximately £3 billion. The transaction is subject to shareholder, as well as regulatory approval and is expected to close in the second half of 2021. Announcement Date: 9/30/2020
NTT DOCOMO, INC. (9437 JP-¥3,885-Tokyo) agreed to be acquired by Nippon Telegraph and Telephone Corp. (9432 JP-¥2,150-Tokyo). NTT DOCOMO provides various mobile services in Japan and internationally. Under terms of the agreement NTT shareholders will receive ¥3,900 cash per share, valuing the transaction at approximately ¥4 trillion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2020. Announcement Date: 9/28/2020
MobileIron, Inc. (MOBL-$7.01-NASDAQ) agreed to be acquired by Ivanti, Inc. MobileIron provides mobile IT platforms. Under terms of the agreement MobileIron shareholders will receive $7.05 cash per share, valuing the transaction at approximately $900 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2020. Announcement Date: 9/28/2020
WPX Energy, Inc. (WPX-$4.90-NYSE) agreed to be acquired by Devon Energy Corp. (DVN-$9.46-NYSE). WPX Energy is an independent oil and natural gas exploration and production company in the U.S. Under terms of the agreement WPX shareholders will receive 0.5165 shares of Devon common stock per share, valuing the transaction at approximately $12 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 9/28/2020
Standard AVB Financial Corp. (STND-$32.65-NASDAQ) agreed to be acquired by Dollar Mutual Bancorp. Standard AVB Financial operates as a bank holding company for Standard Bank PaSB that provides financial services to individuals, families, and businesses. Under terms of the agreement Standard shareholders will receive $33.00 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approval and is expected to close in the first half of 2021. Announcement Date: 9/25/2020
IES (ENG SS-SEK79.60-Stockholm) agreed to be acquired by Grundstenen. IES engages in the operation of schools in Sweden, Spain, and the U.K. Under terms of the agreement IES shareholders will receive SEK 77.04 cash per share, valuing the transaction at approximately SEK 3 billion. The transaction is subject to the tender of at least a majority of shares outstanding and is expected to close in the fourth quarter of 2020. Announcement Date: 9/25/2020
Ahlstrom-Munksjo Oyj (AM1 FH-€17.98-Helsinki) agreed to be acquired by Bain Capital + Founding Family. Ahlstrom-Munksjo manufactures and sells fiber-based materials, and supplies sustainable solutions worldwide. Under terms of the agreement Ahlstrom-Munksjo shareholders will receive €18.10 cash per share, valuing the transaction at approximately €2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first half of 2021. Announcement Date: 9/24/2020
Play Communications SA (PLY PW-€8.40-Frankfurt) agreed to be acquired by iliad SA (ILD FP-€157.05-Paris). Play Communications provides mobile telecommunications services in Poland. Under terms of the agreement Play shareholders will receive PLN 39.00 cash per share, valuing the transaction at approximately €2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2020. Announcement Date: 9/20/2020
DWS Ltd. (DWS AU-A$1.18-Sydney) agreed to be acquired by HCL Technologies (HCLTECH IN-INR811.60-India). DWS provides information technology (IT) services to corporations and government bodies in Australia and New Zealand. Under terms of the agreement DWS shareholders will receive A$1.20 cash per share, valuing the transaction at approximately A$200 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in December of 2020. Announcement Date: 9/20/2020
Bankia SA (BKIA SM-€1.24-Madrid) agreed to be acquired by CaixaBank SA (CABK SM-€1.81-Madrid). Bankia provides various banking and financial products and services in Spain and internationally. Under terms of the agreement Bankia shareholders will receive 0.6845 shares of CaixaBank common stock per share, valuing the transaction at approximately €4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 9/18/2020
Immunomedics, Inc. (IMMU-$85.03-NASDAQ) agreed to be acquired by Gilead Sciences, Inc. (GILD-$63.19-NASDAQ). Immunomedics develops monoclonal antibody-based products for the targeted treatment of cancer. Under terms of the agreement Immunomedics shareholders will receive $88.00 cash per share, valuing the transaction at approximately $20 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2020. Announcement Date: 9/13/2020
Kirindo Holdings Co. Ltd. (3194 JP-¥3,500-Tokyo) agreed to be acquired by Bain Capital. Kirindo Holdings operates a chain of drugstores and dispensing pharmacies in Japan. Under terms of the agreement Kirindo shareholders will receive ¥3,500 cash per share, valuing the transaction at approximately ¥40 billion. The transaction is subject to the tender of at least a majority of shares outstanding and is expected to close in the fourth quarter of 2020. Announcement Date: 9/13/2020
Altice Europe NV (ATC NA-€4.09-Amsterdam) agreed to be acquired by Patrick Drahi. Altice Europe operates as a telecom, content, media, entertainment, and advertising company primarily in France, Portugal, Israel, and the Dominican Republic. Under terms of the agreement Altice shareholders will receive €4.11 cash per share, valuing the transaction at approximately €3 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 9/11/2020
Virtusa Corp. (VRTU-$49.16-NASDAQ) agreed to be acquired by a consortium led by Canada Pension Plan and Baring Private Equity. Virtusa provides digital engineering and information technology (IT) outsourcing services primarily in North America, Europe, and Asia. Under terms of the agreement Virtusa shareholders will receive $51.35 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approval and is expected to close in the first half of 2021. Announcement Date: 9/10/2020
Pivot Technology Solutions, Inc. (PTG CN-C$2.57-Toronto) agreed to be acquired by Computacenter plc (CCC-£23.66-London). Pivot Technology Solutions provides IT services and solutions in the U.S. and Canada. Under terms of the agreement Pivot shareholders will receive C$2.60 cash per share, valuing the transaction at approximately C$100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in November of 2020. Announcement Date: 9/09/2020
Aimmune Therapeutics, Inc. (AIMT-$34.22-NASDAQ) agreed to be acquired by Nestle SA (NESN SW-CHF108.56-Switzerland). Aimmune Therapeutics develops and commercializes product candidates for the treatment of peanut and other food allergies. Under terms of the agreement Aimmune shareholders will receive $34.50 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2020. Announcement Date: 08/31/2020
Akcea Therapeutics, Inc. (AKCA-$18.28-NASDAQ) agreed to be acquired by Ionis Pharmaceuticals, Inc. (IONS-$54.50-NASDAQ). Akcea Therapeutics focuses on developing and commercializing medicines to treat patients with serious and rare diseases in the U.S. and internationally.Under terms of the agreement Akcea shareholders will receive $18.15 cash per share, valuing the transaction at approximately $500 million. The transaction is subject to the tender of at least a majority of the shares outstanding not already owned by Ionis, and is expected to close in the fourth quarter of 2020. Announcement Date: 08/31/2020
Rosetta Stone, Inc. (RST-$30.38-NYSE) agreed to be acquired by Cambium Learning Group. Rosetta Stone provides technology-based learning products in the U.S. and internationally. Under terms of the agreement Rosetta Stone shareholders will receive $30.00 cash per share, valuing the transaction at approximately $750 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2020. Announcement Date: 08/31/2020
BMC Stock Holdings, Inc. (BMCH-$39.92-NASDAQ) agreed to be acquired by Builders FirstSource, Inc. (BLDR-$30.62-NASDAQ). BMC Stock Holdings provides various building products and services for homebuilder and professional contractor customers in the U.S. Under terms of the agreement BMC shareholders will receive 1.3125 shares of Builders common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close by early 2021. Announcement Date: 08/27/2020
SDL plc (SDL LN-£7.32-London) agreed to be acquired by RWS Holdings plc (RWS LN-£6.07-London). SDL plc provides language and content management solutions. Under terms of the agreement SDL shareholders will receive 1.2246 shares of RWS common stock per share, valuing the transaction at approximately £800 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2020. Announcement Date: 08/27/2020
Seacoast Commerce Banc Holdings (SCBH-$14.90-OTC) agreed to be acquired by Enterprise Financial Services Corp. (EFSC-$29.91-NASDAQ). Seacoast Commerce operates as a bank holding company for Seacoast Commerce Bank that provides various banking products and services principally to small and middle market businesses and individuals in California. Under terms of the agreement Seacoast shareholders will receive 0.5061 shares of Enterprise common stock per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approval and is expected to close by early 2021. Announcement Date: 08/20/2020
Principia Biopharma, Inc. (PRNB-$100.01-NASDAQ) agreed to be acquired by Sanofi (SAN FP-€84.87-Paris). Principia Biopharma focuses on developing novel therapies for immune-mediated diseases. Under terms of the agreement Principia shareholders will receive $100.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2020. Announcement Date: 08/17/2020
3P Learning Ltd. (3PL AU-A$1.32-Sydney) agreed to be acquired by IXL Learning. 3P Learning develops, markets, and sells online educational programs to schools and parents of school-aged students. Under terms of the agreement 3P shareholders will receive A$1.35 cash per share, valuing the transaction at approximately A$200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2020. Announcement Date: 08/14/2020
Montage Resources Corp. (MR-$5.16-NYSE) agreed to be acquired by Southwestern Energy Co. (SWN-$2.78-NYSE). Montage Resources operates as an oil and natural gas exploration and production company in the U.S. Under terms of the agreement Montage shareholders will receive 1.8656 shares of Southwestern common stock per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2020. Announcement Date: 08/12/2020
Sunrise Communications Group AG (SRCG SW-CHF107.50-Switzerland) agreed to be acquired by Liberty Global plc (LBTYA-$23.37-NASDAQ). Sunrise Communications Group provides telecommunications services in Switzerland. Under terms of the agreement Sunrise shareholders will receive CHF 110.00 cash per share, valuing the transaction at approximately CHF 6.5 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2020. Announcement Date: 08/12/2020
MVC Capital, Inc. (MVC-$8.12-NYSE) agreed to be acquired by Barings BDC, Inc. (BBDC-$8.14-NYSE). MVC Capital is a business development company that invests primarily in U.S. companies. Under terms of the agreement MVC Capital shareholders will receive $0.39492 cash and 0.94024 shares of Barings common stock per share, valuing the transaction at approximately $200 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2020. Announcement Date: 08/10/2020
Pfenex, Inc. (PFNX-$12.53-NYSE) agreed to be acquired by Ligand Pharmaceuticals, Inc. (LGND-$102.00-NASDAQ). Pfenex focuses on developing protein therapies for unmet patient needs. Under terms of the agreement Pfenex shareholders will receive $12.00 cash per share, valuing the transaction at approximately $400 million. The agreement also includes a Contingent Value Right (“CVR”) of $2.00 per share, which will be paid in the event a predefined regulatory milestone is achieved by December 31, 2021. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2020. Announcement Date: 08/10/2020
GCI Liberty, Inc. (GLIBA-$80.78-NASDAQ) agreed to be acquired by Liberty Broadband Corp. (LBRDA-$138.19-NASDAQ). GCI Liberty’s key assets include a 23.5% stake in Liberty Broadband (LBRDK), a 2% stake in Charter Communications, full ownership of Alaskan cable operator GCI, and a 27% stake in Lending Tree. Under terms of the agreement GCI Liberty shareholders will receive 0.58 shares of Liberty Broadband Series B common stock per share, valuing the transaction at approximately $9 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first half of 2021. Announcement Date: 08/06/2020
Hastings Group Holdings plc (HSTG LN-£2.52-London) agreed to be acquired by a Consortium of Investors. Hastings Group Holdings underwrites general insurance products in the U.K. Under terms of the agreement Hastings Group shareholders will receive £2.50 cash per share, valuing the transaction at approximately £2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2020. Announcement Date: 08/05/2020
Livongo Health, Inc. (LVGO-$137.30-NASDAQ) agreed to be acquired by Teladoc Health, Inc. (TDOC-$215.69-NYSE). Livongo Health provides an integrated suite of solutions for the healthcare industry in North America. Under terms of the agreement Livongo shareholders will receive $11.33 cash and 0.592 shares of Teladoc common stock per share, valuing the transaction at approximately $15 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2020. Announcement Date: 08/05/2020
Jernigan Capital, Inc. (JCAP-$17.24-NYSE) agreed to be acquired by NexPoint Advisors LP. Jernigan Capital is a real estate investment trust that provides debt and equity capital to private developers, owners and operators of self-storage facilities. Under terms of the agreement Jernigan shareholders will receive $17.30 cash per share, valuing the transaction at approximately $900 million. The transaction is subject to shareholder approval and is expected to close in the fourth quarter of 2020. Announcement Date: 08/03/2020
Varian Medical Systems, Inc. (VAR-$173.67-NYSE) agreed to be acquired by Siemens Healthineers AG (SHL GY-€38.10-Frankfurt). Varian Medical Systems designs, manufactures, and services medical devices and software products for treating cancer and other medical conditions worldwide. Under terms of the agreement Varian shareholders will receive $177.50 cash per share, valuing the transaction at approximately $16 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2021. Announcement Date: 08/02/2020
IPL Plastics, Inc. (IPLP CN-C$9.96-Toronto) agreed to be acquired by Madison Dearborn Partners. IPL Plastics provides various packaging solutions primarily in the U.S., the U.K., and Canada. Under terms of the agreement IPL Plastics shareholders will receive C$10.00 cash per share, valuing the transaction at approximately C$1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2020. IPL Plastics is also permitted to solicit superior bids from parties during a 30 day “go-shop” period. Announcement Date: 7/29/2020
IMA Industria Macchine Automatiche SpA (IMA IM-€67.50-Milan) agreed to be acquired by a Consortium of Investors. IMA Industria designs, manufactures, and sells automatic machines for the processing and packaging of pharmaceuticals, coffee, tobacco, and other food products worldwide. Under terms of the agreement IMA Industria shareholders will receive €68.00 cash per share, valuing the transaction at approximately €3 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2020. Announcement Date: 7/28/2020
CNX Midstream Partners LP (CNXM-$8.96-NYSE) agreed to be acquired by CNX Resources Corp. (CNX-$9.65-NYSE). CNX Midstream Partners owns, operates, and acquires natural gas gathering and other midstream energy assets in the Marcellus Shale and Utica Shale in Pennsylvania and West Virginia. Under terms of the agreement CNX Midstream shareholders will receive 0.88 shares of CNX Resources common stock per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder approval and is expected to close in the fourth quarter of 2020. Announcement Date: 7/27/2020
Otelco, Inc. (OTEL-$11.51-NASDAQ) agreed to be acquired by Oak Hill Capital Partners. Otelco provides a range of telecommunications services on a retail and wholesale basis. Under terms of the agreement Otelco shareholders will receive $11.75 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2020. Otelco is also permitted to solicit superior bids from parties during a 30 day “go-shop” period. Announcement Date: 7/27/2020
GlobalSCAPE, Inc. (GSB-$9.53-NYSE) agreed to be acquired by HelpSystems LLC. GlobalSCAPE develops and distributes software, managed and hosted solutions, and provides associated services for secure information exchange. Under terms of the agreement GlobalSCAPE shareholders will receive $9.50 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2020. GlobalSCAPE is also permitted to solicit superior bids from parties during a 35 day “go-shop” period. Announcement Date: 7/20/2020
Noble Energy, Inc. (NBL-$9.99-NASDAQ) agreed to be acquired by Chevron Corp. (CVX-$83.94-NYSE). Noble Energy engages in the acquisition, exploration, and production of crude oil and natural gas worldwide. Under terms of the agreement Noble shareholders will receive 0.1191 shares of Chevron common stock per share, valuing the transaction at approximately $13 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2020. Announcement Date: 7/20/2020
InnerWorkings, Inc. (INWK-$2.75-NASDAQ) agreed to be acquired by HH Global Group Ltd. InnerWorkings provides marketing execution solutions globally. Under terms of the agreement InnerWorkings shareholders will receive $3.00 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2020. Announcement Date: 7/16/2020
Benefytt Technologies, Inc. (BFYT-$30.92-NASDAQ) agreed to be acquired by Madison Dearborn Partners. Benefytt Technologies primarily engages in the development and operation of private e-commerce health insurance marketplaces. Under terms of the agreement Benefytt shareholders will receive $31.00 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2020. Announcement Date: 7/13/2020
Maxim Integrated Products, Inc. (MXIM-$68.09-NASDAQ) agreed to be acquired by Analog Devices, Inc. (ADI-$114.85-NASDAQ). Maxim Integrated Products designs and manufactures a range of linear and mixed-signal integrated circuits. Under terms of the agreement Maxim shareholders will receive 0.63 shares of Analog common stock per share, valuing the transaction at approximately $20 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second quarter of 2021. Announcement Date: 7/13/2020
Neles Oyj (NELES FH-€12.24-Helsinki) agreed to be acquired by Alfa Laval AB (ALFA SS-SEK207.10-Stockholm). Neles provides equipment and services for the mining, aggregates, recycling, and process industries worldwide. Under terms of the agreement Neles shareholders will receive €11.50 cash per share, valuing the transaction at approximately €2 billion. The transaction is subject to the tender of at least 67% of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2020. Announcement Date: 7/13/2020
Devoteam SA (DVT FP-€97.70-Paris) agreed to be acquired by a Consortium of Investors. Devoteam provides technology and management consulting and cloud solutions in Europe, the Middle East, and internationally. Under terms of the agreement Devoteam shareholders will receive €98.00 cash per share, valuing the transaction at approximately €600 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2020. Announcement Date: 7/09/2020
National General Holdings Corp. (NGHC-$33.99-NASDAQ) agreed to be acquired by The Allstate Corp. (ALL-$94.39-NYSE). National General Holdings provides various insurance products and services in the U.S., Bermuda, Luxembourg, and Sweden. Under terms of the agreement National General shareholders will receive $32.00 cash per share and a special dividend of up to $2.50, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2021. Announcement Date: 7/07/2020
RockRose Energy plc (RRE LN-£18.40-London) agreed to be acquired by Viaro Energy Ltd. RockRose Energy operates as an independent oil and gas production company. Under terms of the agreement RockRose shareholders will receive £18.50 cash per share, valuing the transaction at approximately £250 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2020. Announcement Date: 7/06/2020
Dime Community Bancshares, Inc. (DCOM-$11.75-NASDAQ) agreed to be acquired by Bridge Bancorp, Inc. (BDGE-$18.09-NASDAQ). Dime Community Bancshares operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. Under terms of the agreement Dime shareholders will receive 0.6480 shares of Bridge common stock per share, valuing the transaction at approximately $500 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 7/01/2020
Cello Health plc (CLL LN-£1.61-London) agreed to be acquired by Arsenal Capital Partners. Cello Health provides marketing services in the U.K. and internationally. Under terms of the agreement Cello Health shareholders will receive £1.61 cash per share, valuing the transaction at approximately £200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2020. Announcement Date: 7/01/2020
Mediawan SA (MDW FP-€11.96-Paris) agreed to be acquired by Mediawan Alliance. Mediawan operates as an independent editor, producer, and distributor of audiovisual content in French-speaking Europe. Under terms of the agreement Mediawan shareholders will receive €12.00 cash per share, valuing the transaction at approximately €400 million. The transaction is subject to the tender of at least 55% of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2020. Announcement Date: 6/22/2020
Infigen Energy Ltd. (IFN AU-A$0.94-Sydney) agreed to be acquired by Iberdrola SA (IBE SM-€10.32-Madrid). Infigen Energy develops, owns, and operates renewable energy generation assets in Australia. Under terms of the agreement Infigen shareholders will receive A$0.89, valuing the transaction at approximately A$800 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval. Closing guidance has not been provided. Announcement Date: 6/17/2020
58.com, Inc. (WUBA-$53.94-NYSE) agreed to be acquired by Quantum Bloom Group Ltd. 58.com Inc. operates various multi-category online classifieds platforms and vertical listing platforms in the People's Republic of China. Under terms of the agreement 58.com shareholders will receive $56.00 cash per share, valuing the transaction at approximately $9 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2020. Announcement Date: 6/15/2020
Guyana Goldfields, Inc. (GUY CN-C$1.74-Toronto) agreed to be acquired by Zijin Mining Group Co. Ltd. (2899 HK-HKD3.61-Hong Kong). Guyana Goldfields engages in the acquisition, exploration, development, and operation of precious metal mineral properties in Guyana, South America. Under terms of the agreement Guyana shareholders will receive C$1.85, valuing the transaction at approximately C$300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2020. Announcement Date: 6/12/2020
Seven Aces Ltd. (ACES CN-C$2.19-Vancouver) agreed to be acquired by Trive Capital Management LLC. Seven Aces, through its subsidiary, Lucky Bucks, LLC, owns and operates coin operated amusement machines in the U.S. Under terms of the agreement Seven Aces shareholders will receive C$2.15, valuing the transaction at approximately C$200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2020. Announcement Date: 6/11/2020
Finjan Holdings, Inc. (FNJN-$1.54-NASDAQ) agreed to be acquired by Fortress Investment Group LLC. Finjan Holdings provides intellectual property licensing and enforcement services in the U.S. and internationally. Under terms of the agreement Finjan shareholders will receive $1.55 per share, valuing the transaction at approximately $40 million. The transaction is subject to the tender of at least a majority of shares outstanding, and is expected to close in the third quarter of 2020. Announcement Date: 6/10/2020
Grubhub, Inc. (GRUB-$70.30-NYSE) agreed to be acquired by Just Eat Takeaway.com NV (TKWY NA-€92.76-Amsterdam). Grubhub provides an online and mobile platform for restaurant pick-up and delivery orders in the U.S. Under terms of the agreement Grubhub shareholders will receive 0.6710 shares of Just Eat common stock per share, valuing the transaction at approximately $7 billion. The transaction is subject to the approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first quarter of 2021. Announcement Date: 6/10/2020
MasMovil Ibercom SA (MAS SM-€22.70-Madrid) has received an offer to be acquired by a Consortium of Private Equity Buyers. MasMovil provides telecommunications services to residential customers, businesses, and operators in Spain. Under terms of the offer MasMovil shareholders will receive €22.50 cash per share, valuing the transaction at approximately €5 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval. Closing guidance has not been provided. Announcement Date: 6/01/2020
Torstar Corp. (TS/B CN-C$0.61-Toronto) agreed to be acquired by NordStar Capital LP. Torstar is a media company operating in Canada, the U.S., and internationally with businesses that include the Toronto Star, Canada’s largest daily newspaper. Under terms of the agreement Torstar shareholders will receive C$0.63 cash per share, valuing the transaction at approximately C$50 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2020. Announcement Date: 5/26/2020
Alacer Gold Corp. (ASR CN-C$8.58-Toronto) agreed to be acquired by SSR Mining, Inc. (SSRM CN-C$26.48-Toronto). Alacer Gold engages in the mining, development, and exploration of mineral deposits in Turkey. Under terms of the agreement Alacer shareholders will receive 0.3246 shares of SSR Mining common stock per share, valuing the transaction at approximately C$2 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the third quarter of 2020. Announcement Date: 5/11/2020
Portola Pharmaceuticals, Inc. (PTLA-$17.95-NASDAQ) agreed to be acquired by Alexion Pharmaceuticals, Inc. (ALXN-$119.90-NASDAQ). Portola develops novel therapeutics in the areas of thrombosis, and other hematologic disorders and inflammation. Under terms of the agreement Portola shareholders will receive $18.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2020. Announcement Date: 5/05/2020
Stemline Therapeutics, Inc. (STML-$11.88-NASDAQ) agreed to be acquired by Menarini Group. Stemline Therapeutics focuses on the discovery, acquisition, development, and commercialization of oncology therapeutics in the U.S. and Europe. Under terms of the agreement Stemline shareholders will receive $11.50 cash per share, valuing the transaction at approximately $700 million. The agreement also includes a Contingent Value Right (“CVR”) of $1.00 per share, which will be paid upon the first sale of ELZONRIS in any EU5 country after European Commission approval. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2020. Announcement Date: 5/04/2020
Quintana Energy Services, Inc. (QES-$0.71-NYSE) agreed to be acquired by KLX Energy Services Holdings, Inc. (KLXE-$1.48-NASDAQ). Quintana Energy Services provides oilfield services to onshore oil and natural gas exploration and production companies operating in conventional and unconventional plays in the U.S. Under terms of the agreement Quintana shareholders will receive 0.4844 shares of KLX common stock per share, valuing the transaction at approximately $18 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second half of 2020. Announcement Date: 5/03/2020
SEMAFO, Inc. (SMF CN-C$2.73-Toronto) agreed to be acquired by Endeavour Mining Corp. (EDV CN-C$20.01-Toronto). SEMAFO, a mining company, engages in the exploration, development, and operation of gold properties in West Africa. Under terms of the agreement SEMAFO shareholders will receive 0.1422 shares of Endeavour common stock per share, valuing the transaction at approximately C$1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2020. Announcement Date: 3/23/2020
TerraForm Power, Inc. (TERP-$15.77-NASDAQ) agreed to be acquired by Brookfield Renewable Partners LP (BEP-$42.49-NYSE). TerraForm Power owns and operates clean power generation assets in the Solar, Wind, and Regulated Solar and Wind operational segments. Under terms of the agreement TerraForm shareholders will receive 0.381 shares of Brookfield common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2020. Announcement Date: 3/16/2020
SB One Bancorp (SBBX-$17.00-NASDAQ) agreed to be acquired by Provident Financial Services, Inc. (PFS-$12.86-NYSE). SB One Bancorp operates as a bank holding company for SB One Bank that provides commercial banking and related financial services to individual, business, and government customers. Under terms of the agreement SB One shareholders will receive 1.357 shares of Provident common stock per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2020. Announcement Date: 3/12/2020
Willis Towers Watson Public Limited Co. (WLTW-$169.85-NASDAQ) agreed to be acquired by Aon plc (AON-$165.04-NYSE). Willis Towers Watson Public Limited Co. operates as an advisory, broking, and solutions company worldwide. Under terms of the agreement Willis Towers shareholders will receive 1.08 shares of Aon common stock per share, valuing the transaction at approximately $30 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first half of 2021. Announcement Date: 3/09/2020
The Meet Group, Inc. (MEET-$5.87-NASDAQ) agreed to be acquired by NuCom Group. The Meet Group operates a portfolio of mobile social entertainment applications to meet the need for human connection worldwide. Under terms of the agreement Meet Group shareholders will receive $6.30 cash per share, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2020. Announcement Date: 3/05/2020
Huntsworth plc (HNT LN-£1.07-London) agreed to be acquired by Clayton, Dubilier & Rice. Huntsworth operates as a healthcare and communications company in the U.K. and rest of Europe, the U.S., and internationally. Under terms of the agreement Huntsworth shareholders will receive £1.08 cash per share, valuing the transaction at approximately £500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2020. Announcement Date: 3/03/2020
QIAGEN NV (QIA GY-€36.61-Frankfurt) agreed to be acquired by Thermo Fisher Scientific, Inc. (TMO-$283.60-NYSE). QIAGEN provides sample to insight solutions that transform biological materials into molecular insights worldwide. Under terms of the agreement QIAGEN shareholders will receive €39.00 cash per share, valuing the transaction at approximately $12 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first half of 2021. Announcement Date: 3/03/2020
Forty Seven, Inc. (FTSV-$95.42-NASDAQ) agreed to be acquired by Gilead Sciences, Inc. (GILD-$74.76-NASDAQ). Forty Seven focuses on developing therapies to activate macrophages for the treatment of cancer. Under terms of the agreement Forty Seven shareholders will receive $95.50 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2020. Announcement Date: 3/02/2020
Mobile Mini, Inc. (MINI-$26.23-NASDAQ) agreed to be acquired by WillScot Corp. (WSC-$10.13-NASDAQ). Mobile Mini provides portable storage and specialty containment solutions in the U.S., the U.K., and Canada. Under terms of the agreement Mobile Mini shareholders will receive 2.4050 shares of WillScot common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the third quarter of 2020. Announcement Date: 3/02/2020
GAIN Capital Holdings, Inc. (GCAP-$5.90-NYSE) agreed to be acquired by INTL FCStone, Inc. (INTL-$45.55-NASDAQ). GAIN Capital provides trading services and solutions to retail, institutional, and futures service customers worldwide. Under terms of the agreement GAIN shareholders will receive $6.00 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close mid-2020. Announcement Date: 2/27/2020
EQM Midstream Partners LP (EQM-$17.36-NYSE) agreed to be acquired by Equitrans Midstream Corp. (ETRN-$7.06-NYSE). EQM Midstream Partners owns, operates, acquires, and develops midstream assets in the Appalachian Basin. Under terms of the agreement EQM shareholders will receive 2.44 shares of Equitrans common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close mid-2020. Announcement Date: 2/27/2020
Strad, Inc. (SDY CN-C$2.33-Toronto) agreed to be acquired by a Consortium of Investors. Strad provides rental equipment and matting solutions to the oil and gas, pipeline, power transmission, and mining sectors in Canada and the U.S. Under terms of the agreement Strad shareholders will receive C$2.39 cash per share, valuing the transaction at approximately C$100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2020. Announcement Date: 2/23/2020
E*TRADE Financial Corp. (ETFC-$45.78-NASDAQ) agreed to be acquired by Morgan Stanley (MS-$45.03-NYSE). E*TRADE Financial, a financial services company, operates in the online brokerage industry. Under terms of the agreement E*TRADE shareholders will receive 1.0432 shares of Morgan Stanley common stock per share, valuing the transaction at approximately $14 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2020. Announcement Date: 2/20/2020
Adesto Technologies Corp. (IOTS-$12.26-NASDAQ) agreed to be acquired by Dialog Semiconductor plc (DLG GY-€30.61-Frankfurt). Adesto Technologies provides application-specific semiconductors and embedded systems. Under terms of the agreement Adesto shareholders will receive $12.55 cash per share, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2020. Announcement Date: 2/20/2020
Northview Apartment REIT (NVU-UN CN-C$36.00-Toronto) agreed to be acquired by Starlight Group Property Holdings, Inc. and KingSett Capital, Inc. Northview is one of Canada's largest publicly traded multi-family REITs with a portfolio of approximately 27,000 residential units and 1.2 million square feet of commercial space. Under terms of the agreement Northview shareholders will receive C$36.25 cash per share, valuing the transaction at approximately C$5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2020. Northview is also permitted to solicit superior bids from parties during a 60 day “go-shop” period. Announcement Date: 2/20/2020
Front Yard Residential Corp. (RESI-$12.68-NYSE) agreed to be acquired by Amherst Residential LLC. Front Yard is an industry leader in providing quality, affordable rental homes to America's families. Under terms of the agreement Front Yard shareholders will receive $12.50 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder approval and is expected to close in the second quarter of 2020. Announcement Date: 2/18/2020
Legg Mason, Inc. (LM-$49.82-NYSE) agreed to be acquired by Franklin Resources, Inc. (BEN-$21.76-NYSE). Legg Mason is a publicly owned asset management holding company. Under terms of the agreement Legg Mason shareholders will receive $50.00 cash per share, valuing the transaction at approximately $6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2020. Announcement Date: 2/18/2020
Unione di Banche Italiane SpA (UBI IM-€3.72-Milan) agreed to be acquired by Intesa Sanpaolo SpA (ISP IM-€2.20-Milan). Unione di Banche Italiane provides banking products and services for retail, private banking, corporate, and institutional customers in Italy and internationally. Under terms of the agreement Unione shareholders will receive 1.7 shares of Intesa common stock per share, valuing the transaction at approximately €5 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second half of 2020. Announcement Date: 2/17/2020
NIBC Holding NV (NIBC AS-€9.69-Amsterdam) agreed to be acquired by The Blackstone Group, Inc. (BX-$53.84-NYSE). NIBC Holding provides corporate and retail banking products and services in the Netherlands, Germany, Belgium, and the U.K. Under terms of the agreement NIBC shareholders will receive €9.85 cash per share, valuing the transaction at approximately €2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second half of 2020. Announcement Date: 2/14/2020
Godewind Immobilien AG (GWD GY-€6.37-Frankfurt) agreed to be acquired by Covivio SA (COV FP-€96.00-Paris). Godewind Immobilien engages in buying, structuring, and managing real estate properties in Germany. Under terms of the agreement Godewind shareholders will receive €6.40 cash per share, valuing the transaction at approximately €700 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2020. Announcement Date: 2/13/2020
RIB Software SE (RIB GY-€28.98-Frankfurt) agreed to be acquired by Schneider Electric SE (SU FP-€90.50-Paris). RIB Software creates, develops, and sells software solutions for the construction enterprises and projects across various industries worldwide. Under terms of the agreement RIB shareholders will receive €29.00 cash per share, valuing the transaction at approximately €2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2020. Announcement Date: 2/13/2020
Taubman Centers, Inc. (TCO-$52.06-NYSE) agreed to be acquired by Simon Property Group, Inc. (SPG-$123.08-NYSE). Taubman Centers is a Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet shopping centers in the U.S. and Asia. Under terms of the agreement Taubman shareholders will receive $52.50 cash per share, valuing the transaction at approximately $3.2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close mid-2020. Announcement Date: 2/10/2020
ISRA VISION AG (ISR GY-€50.05-Frankfurt) agreed to be acquired by Atlas Copco AB (ATCO/A ST-SEK339.10-Stockholm). ISRA VISION AG provides surface inspection and image processing systems worldwide. Under terms of the agreement ISRA shareholders will receive €50.00 cash per share, valuing the transaction at approximately €1 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2020. Announcement Date: 2/10/2020
FGL Holdings (FG-$11.44-NYSE) agreed to be acquired by Fidelity National Financial, Inc. (FNF-$38.76-NYSE). FGL Holdings sells individual life insurance products and annuities in the U.S. Under terms of the agreement FGL shareholders will have the option to receive $12.50 cash or 0.2558 shares of Fidelity common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2020. FGL is also permitted to solicit superior bids from parties during a 40 day “go-shop” period. Announcement Date: 2/07/2020
Forescout Technologies, Inc. (FSCT-$32.54-NASDAQ) agreed to be acquired by Advent International and Crosspoint Capital Partners. Forescout Technologies provides network security products in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. Under terms of the agreement Forescout shareholders will receive $33.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approval and is expected to close in the second quarter of 2020. Forescout is also permitted to solicit superior bids from parties during a 30 day “go-shop” period. Announcement Date: 2/06/2020
Opus Bank (OPB-$23.67-NASDAQ) agreed to be acquired by Pacific Premier Bancorp, Inc. (PPBI-$25.83-NASDAQ). Opus Bank provides various banking products, services, and solutions for small and mid-sized companies, entrepreneurs, real estate investors, professionals, and high net worth individuals. Under terms of the agreement Opus shareholders will receive 0.90 shares of Pacific common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second quarter of 2020. Announcement Date: 2/03/2020
Ingenico Group – GCS (ING FP-€127.95-Paris) agreed to be acquired by Worldline SA (WLN FP-€68.85-Paris). Ingenico Group provides payment solutions through in-store, mobile, and online channels worldwide. Under terms of the agreement Ingenico shareholders will receive €22.93 cash and 1.57 shares of Worldline common stock per share, valuing the transaction at approximately €8 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2020. Announcement Date: 2/03/2020
Hitachi High-Technologies Corp. (8036 JP-¥7,920-Tokyo) agreed to be acquired by Hitachi Ltd. (6501 JP-¥4,230-Tokyo). Hitachi manufactures and sells electronic products in Japan, North America, Europe, Asia, and internationally. Under terms of the agreement Hitachi shareholders will receive ¥8,000 cash per share, valuing the transaction at approximately ¥500 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in April 2020. Announcement Date: 1/31/2020
Renk AG (ZAR GR-€109.00-Frankfurt) received an offer to be acquired by Triton Investment Management Ltd. Renk AG develops, produces, and distributes drive technology products worldwide. Under terms of the offer Renk shareholders would receive €97.80 cash per share, valuing the transaction at approximately €500 million. Triton has concurrently entered into an agreement with Volkswagen AG, Renk's majority shareholder, to acquire their 76% stake in the company. The proposal is under review as part of Renk’s broader strategy, and we continue to monitor the situation. Announcement Date: 1/30/2020
Navistar International Corp. (NAV-$36.62-NYSE) received an offer to be acquired by Traton SE (8TRA GR-€22.99-Frankfurt). Navistar manufactures and sells commercial trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines worldwide. Under terms of the offer Navistar shareholders would receive $35.00 cash per share, valuing the transaction at approximately $3 billion. The proposal is under review as part of Navistar’s broader strategy, and we continue to monitor the situation. Announcement Date: 1/30/2020
Gilat Satellite Networks Ltd. (GILT-$9.48-NASDAQ) agreed to be acquired by Comtech Telecommunications Corp. (CMTL-$28.91 -NASDAQ). Gilat Satellite Networks provides satellite-based broadband communication solutions and services in Israel, Latin America, Asia, the Asia Pacific, North America, Africa, Europe, and CIS countries. Under terms of the agreement Gilat shareholders will receive $7.18 cash and 0.08425 shares of Comtech common stock per share, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close towards the end of 2020. Announcement Date: 1/29/2020
Australian Unity Office Fund (AOFA$2.99-Sydney) agreed to be acquired by Starwood Capital. Australian Unity Office Fund owns a portfolio of office properties in Sydney, Adelaide, Melbourne, Brisbane, and Canberra, Australia. Under terms of the agreement Australian Unity shareholders will receive A$2.98 cash per share, valuing the transaction at approximately A$500 million. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval. No closing guidance has been provided and we continue to monitor the situation. Announcement Date: 1/29/2020
Delphi Technologies plc (DLPH-$15.34-NYSE) agreed to be acquired by BorgWarner, Inc. (BWA-$34.29-NYSE). Delphi Technologies engages in the design, development, and manufacture of integrated powertrain technologies worldwide. Under terms of the agreement Delphi shareholders will receive 0.4534 shares of BorgWarner common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2020. Announcement Date: 1/28/2020
CenterState Bank Corp. (CSFL-$22.56-NASDAQ) agreed to be acquired by South State Corp. (SSB-$75.61-NASDAQ). CenterState operates as the holding company for CenterState Bank, N.A. that provides various consumer and commercial banking services to individuals, businesses, and industries. Under terms of the agreement CenterState shareholders will receive 0.3001 shares of South State common stock per share, valuing the transaction at approximately $6 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the third quarter of 2020. Announcement Date: 1/27/2020
Strongco Corp. (SQP CN-C$3.11-Toronto) agreed to be acquired by Nors SA. Strongco Corporation is a major multiline mobile equipment dealer with operations across Canada. Under terms of the agreement Strongco shareholders will receive C$3.15 cash per share, valuing the transaction at approximately C$200 million. The transaction is subject to the approval by at least 67% of shareholders, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 1/24/2020
Showa Aircraft Industry Co. Ltd. (7404 JT-¥2,721-Tokyo) agreed to be acquired by Bain Capital. Showa Aircraft Industry primarily manufactures and sells transportation equipment in Japan and internationally. Under terms of the agreement Showa shareholders will receive ¥2,129 cash per share, in addition to a ¥631 special dividend, valuing the transaction at approximately ¥90 billion. The transaction is subject to the tender of at least 67% of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 1/23/2020
Funcom SE (FUNCOM NO-NOK16.90-Oslo) agreed to be acquired by Tencent Holdings Ltd. (0700 HK-HKD373.00-Hong Kong). Funcom develops and publishes multiplayer online games for PCs and consoles worldwide. Under terms of the agreement Funcom shareholders will receive NOK 17.00 cash per share, valuing the transaction at approximately NOK 1 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 1/22/2020
Franklin Financial Network, Inc. (FSB-$36.87-NYSE) agreed to be acquired by FB Financial Corp. (FBK-$35.65-NYSE). Franklin Financial Network is the bank holding company for Franklin Synergy Bank. Under terms of the agreement Franklin shareholders will receive $2.00 cash and 0.965 shares of FB Financial common stock per share, valuing the transaction at approximately $600 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the third quarter of 2020. Announcement Date: 1/21/2020
CSS Industries, Inc. (CSS-$9.35-NYSE) agreed to be acquired by IG Design Group plc (IGR LN-£7.98-London). CSS Industries designs, manufactures, and sells seasonal, gift, and craft products to mass market retailers in the U.S. and Canada. Under terms of the agreement CSS shareholders will receive $9.40 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 1/20/2020
Neon Therapeutics, Inc. (NTGN-$1.35-NASDAQ) agreed to be acquired by BioNTech SE (BNTX-$29.21-NASDAQ). Neon Therapeutics engages in developing neoantigen-targeted therapies for cancers in the U.S. Under terms of the agreement Neon shareholders will receive 0.063 shares of BioNTech common stock per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2020. Announcement Date: 1/16/2020
Pope Resources, A Delaware Limited Partnership (POPE-$120.00-NASDAQ) agreed to be acquired by Rayonier, Inc. (RYN-$30.38-NYSE). Pope Resources manages timber resources in the U.S. Under terms of the agreement Pope shareholders will have the option to receive $125.00 cash or 3.929 shares of Rayonier common stock per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close mid-2020. Announcement Date: 1/15/2020
Primo Water Corp. (PRMW-$15.07-NASDAQ) agreed to be acquired by Cott Corp. (COT-$15.29-NYSE). Primo Water provides multi-gallon purified bottled water, self-service refill water, and water dispensers in the U.S. and Canada. Under terms of the agreement Primo shareholders will receive $5.04 cash and 0.6549 shares of Cott common stock per share, valuing the transaction at approximately $800 million. The transaction is subject to the tender of at least a majority of shares outstanding and is expected to close in March 2020. Announcement Date: 1/13/2020
Anixter International, Inc. (AXE-$97.60-NYSE) agreed to be acquired by WESCO International, Inc. (WCC-$48.41-NYSE). Anixter International distributes enterprise cabling and security solutions, electrical and electronic wire and cable solutions, and utility power solutions worldwide. Under terms of the agreement Anixter shareholders will receive $70.00 cash and 0.2397 shares of WESCO common stock per share, valuing the transaction at approximately $5 billion. The terms also include a preferred stock consideration of 0.6356 depositary shares. Anixter had previously agreed to be acquired by Clayton, Dubilier & Rice in October 2019 for $81.00 cash per share. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2020. Announcement Date: 1/13/2020
Hexcel Corp. (HXL-$74.22-NYSE) agreed to be acquired by Woodward, Inc. (WWD-$116.31-NASDAQ). Hexcel develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. Under terms of the agreement Hexcel shareholders will receive 0.625 shares of Woodward common stock per share, valuing the transaction at approximately $6 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the third quarter of 2020. Announcement Date: 1/12/2020
Dermira, Inc. (DERM-$18.95-NASDAQ) agreed to be acquired by Eli Lilly and Co. (LLY-$139.64-NYSE). Dermira develops and commercializes therapies for patients with dermatologic diseases in the U.S. Under terms of the agreement Dermira shareholders will receive $18.75 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 1/10/2020
Sirius Minerals plc (SXX LN-£0.05-London) agreed to be acquired by Anglo American plc (AAL LN-£20.31-London). Sirius Minerals engages in the exploration and development of resource properties in the U.K. Under terms of the agreement Sirius shareholders will receive £0.06 cash per share, valuing the transaction at approximately £400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 1/08/2020
The Habit Restaurants, Inc. (HABT-$13.91-NASDAQ) agreed to be acquired by YUM! Brands, Inc. (YUM-$105.77-NYSE). The Habit Restaurants operates and franchises fast casual restaurants under The Habit Burger Grill name. Under terms of the agreement Habit shareholders will receive $14.00 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2020. Announcement Date: 1/06/2020
Harwood Wealth Management Group plc (HW LN-£1.45-London) agreed to be acquired by Carlyle Group LP (CG-$32.08-NASDAQ). Harwood Wealth Management Group provides financial planning and wealth management advisory services to retail investment clients and various companies. Under terms of the agreement Harwood shareholders will receive £1.45 cash per share, valuing the transaction at approximately £100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2020. Announcement Date: 12/23/2019
AquaVenture Holdings Ltd. (WAAS-$27.12-NYSE) agreed to be acquired by Culligan International. AquaVenture Holdings provides water-as-a-service solutions in North America, the Caribbean, and South America. Under terms of the agreement AquaVenture shareholders will receive $27.10 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in April 2020. Announcement Date: 12/23/2019
Cincinnati Bell, Inc. (CBB-$10.47-NYSE) agreed to be acquired by Brookfield Infrastructure Partners LP (BIP-$49.99-NYSE). Cincinnati Bell provides diversified telecommunications and technology services to residential and business customers in the U.S. Under terms of the agreement Cincinnati shareholders will receive $10.50 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the end of 2020. Announcement Date: 12/23/2019
Care.com, Inc. (CRCM-$15.03-NYSE) agreed to be acquired by IAC/InterActiveCorp (IAC-$249.11-NASDAQ). Care.com operates an online marketplace for finding and managing family care in the U.S. and internationally. Under terms of the agreement Care.com shareholders will receive $15.00 cash per share, valuing the transaction at approximately $500 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 12/20/2019
Telaria, Inc. (TLRA-$8.81-NYSE) agreed to be acquired by the Rubicon Project, Inc. (RUBI-$8.16-NYSE). Telaria provides a software platform for publishers to manage and monetize video advertising in the U.S. Under terms of the agreement Telaria shareholders will receive 1.082 shares of Rubicon common stock per share, valuing the transaction at approximately $400 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first half of 2020. Announcement Date: 12/19/2019
Data Respons ASA (DAT NO-NOK47.90-Oslo) agreed to be acquired by AKKA Technologies SE (AKA FP-€65.50-Paris). Data Respons provides research and development services to OEM companies, system integrators, and vertical product suppliers in Norway, Sweden, Denmark, Germany, and Taiwan. Under terms of the agreement Data shareholders will receive NOK 48.00 cash per share, valuing the transaction at approximately NOK 4 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval and is expected to close in the first half of 2020. Announcement Date: 12/19/2019
TiVo Corp. (TIVO-$8.48-NASDAQ) agreed to be acquired by Xperi Corp. (XPER-$18.50-NASDAQ). TiVo provides media and entertainment products for the consumer entertainment industry worldwide. Under terms of the agreement TiVo shareholders will receive 0.455 shares of Xperi common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second quarter of 2020. Announcement Date: 12/19/2019
Temple Hotels, Inc. (TPH CN-C$2.08-Toronto) agreed to be acquired by Morguard Corp. (MRC CN-C$201.00-Toronto). Temple Hotels is a hotel investment company with properties located across Canada. Under terms of the agreement Temple shareholders will receive C$2.10 cash per share, valuing the transaction at approximately C$160 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 12/19/2019
Hansteen Holdings plc (HSTN LN-£1.16-London) agreed to be acquired by The Blackstone Group, Inc. (BX-$55.94-NYSE). Hansteen Holdings invests in properties with high yields, low financing costs and opportunity for value improvement across the Netherlands, Germany, Belgium, France and the UK. Under terms of the agreement Hansteen shareholders will receive £1.17 cash per share, valuing the transaction at approximately £500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 12/18/2019
Fiat Chrysler Automobiles NV (FCA IM-€13.19-Milan) agreed to be acquired by Peugeot SA (UG FP-€21.30-Paris). Fiat Chrysler Automobiles designs, engineers, manufactures, distributes, and sells vehicles, components, and production systems. Under terms of the agreement Fiat shareholders will receive 0.574 shares of Peugeot common stock per share, valuing the transaction at approximately $50 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close by the end of 2020. Announcement Date: 12/18/2019
MSB Financial Corp. (MSBF-$18.00-NASDAQ) agreed to be acquired by Kearny Financial Corp. (KRNY-$13.83-NASDAQ). MSB Financial operates as the bank holding company for Millington Bank that provides various banking products and services in New Jersey. Under terms of the agreement MSB Financial shareholders will have the option to receive $18.00 cash or 1.30 shares of Kearny common stock per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2020. Announcement Date: 12/18/2019
LogMeIn, Inc. (LOGM-$85.74-NASDAQ) agreed to be acquired by Francisco Partners and Elliott Management Corp. LogMeIn provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. Under terms of the agreement LogMeIn shareholders will receive $86.05 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2020. LogMeIn is also permitted to solicit superior bids from parties during a 45 day “go-shop” period. Announcement Date: 12/17/2019
Tallgrass Energy LP (TGE-$22.12-NYSE) agreed to be acquired by Blackstone Infrastructure Partners under improved terms. Tallgrass Energy provides crude oil and natural gas transportation services to customers in the Midwest U.S. Under terms of the agreement Tallgrass shareholders will receive $22.45 cash per share, valuing the transaction at approximately $10 billion. Blackstone had previously made an offer to acquire the 56% of Tallgrass it did not already own for $19.50 in August 2019. The transaction is subject to shareholder approval and is expected to close in the second quarter of 2020. Announcement Date: 12/17/2019
HemaCare Corp. (HEMA-$25.25-OTC) agreed to be acquired by Charles River Laboratories International, Inc. (CRL-$152.76-NYSE). HemaCare provides human-derived primary blood cells and tissues for biomedical research in the U.S. Under terms of the agreement HemaCare shareholders will receive $25.40 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 12/16/2019
Cineplex, Inc. (CGX CN-C$33.85-Toronto) agreed to be acquired by Cineworld Group plc (CINE LN-£2.19-London). Cineplex operates as an entertainment and media company in Canada and internationally. Under terms of the agreement Cineplex shareholders will receive C$34.00 cash per share, valuing the transaction at approximately C$3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2020. Cineplex is also permitted to solicit superior bids from parties during a 7 week “go-shop” period. Announcement Date: 12/16/2019
Leagold Mining Corp. (LMC CN-C$3.23-Toronto) agreed to be acquired by Equinox Gold Corp. (EQX CN-C$9.99-Toronto). Leagold Mining engages in the acquisition of gold mining properties and other development projects in Latin America. Under terms of the agreement Leagold shareholders will receive 0.331 shares of Equinox common stock per share, valuing the transaction at approximately C$800 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 12/16/2019
National Veterinary Care Ltd. (NVL AU-A$3.62-Sydney) agreed to be acquired by VetPartners. National Veterinary Care provides veterinary services in Australia and New Zealand. Under terms of the agreement National Veterinary shareholders will receive A$3.70 cash per share, valuing the transaction at approximately A$300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2020. Announcement Date: 12/16/2019
Power Financial Corp. (PWF CN-C$34.94-Toronto) agreed to be acquired by Power Corporation of Canada (POW CN-C$33.45-Toronto). Power Financial provides financial services in Canada, the U.S., Europe, and Asia. Under terms of the agreement Power Financial shareholders will receive C$0.01 cash and 1.05 shares of Power Corporation common stock per share, valuing the transaction at approximately C$24 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 12/13/2019
VersaPay Corp. (VPY CN-C$2.68-Vancouver) agreed to be acquired by Great Hill Partners. VersaPay provides cloud-based accounts receivable automation software and integrated payment solutions. Under terms of the agreement VersaPay shareholders will receive C$2.70 cash per share, valuing the transaction at approximately C$100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 12/13/2019
ArQule, Inc. (ARQL-$19.96-NASDAQ) agreed to be acquired by Merck & Co., Inc. (MRK-$90.95-NYSE). ArQule researches and develops therapeutics for the treatment of cancer and rare diseases in the U.S. Under terms of the agreement ArQule shareholders will receive $20.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 12/09/2019
Diplomat Pharmacy, Inc. (DPLO-$4.00-NYSE) agreed to be acquired by OptumRx. Diplomat Pharmacy operates as an independent specialty pharmacy in the U.S. Under terms of the agreement Diplomat shareholders will receive $4.00 cash per share, valuing the transaction at approximately $900 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 12/09/2019
North State Telecommunications Corp. (NORSB-$78.00-OTC) agreed to be acquired by Segra. North State Telecommunications operates in the telecommunications, data center, and information technologies services industries in North Carolina. Under terms of the agreement North State shareholders will receive $80.00 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 12/09/2019
Texas Capital Bancshares, Inc. (TCBI-$56.77-NASDAQ) agreed to be acquired by Independent Bank Group, Inc. (IBTX-$55.44-NASDAQ). Texas Capital Bancshares is the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. Under terms of the agreement Texas Capital shareholders will receive 1.0311 shares of Independent common stock per share, valuing the transaction at approximately $6 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first half of 2020. Announcement Date: 12/09/2019
Le Bélier SA (BELI FP-€36.40-Paris) agreed to be acquired by Guangdong Wencan Die Casting Co. Ltd. (603348 CH-¥24.34 -Shanghai). Le Bélier SA designs, develops, manufactures, and sells molded aluminum parts for the automotive and aerospace markets in China, Mexico, and Europe. Under terms of the agreement Le Bélier shareholders will receive €38.18 cash per share, valuing the transaction at approximately €250 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first half of 2020. Announcement Date: 12/09/2019
Synthorx, Inc. (THOR-$69.89-NASDAQ) agreed to be acquired by Sanofi (SAN FP-€89.62-Paris). Synthorx focuses on the development of cytokine Synthorin programs for the treatment of cancer and autoimmune disorders in the U.S. Under terms of the agreement Synthorx shareholders will receive $68.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 12/09/2019
Infrastructure, Inc. (INST-$48.21-NYSE) agreed to be acquired by Thoma Bravo LLC. Instructure, Inc. provides applications for learning, assessment, and performance management through a software-as-a-service business model worldwide. Under terms of the agreement Infrastructure shareholders will receive $47.60 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Infrastructure is also permitted to solicit superior bids from parties during a 35 day “go-shop” period. Announcement Date: 12/04/2019
AK Steel Holding Corp. (AKS-$3.29-NYSE) agreed to be acquired by Cleveland-Cliffs, Inc. (CLF-$8.34-NYSE). AK Steel produces flat-rolled carbon, and stainless and electrical steel products in the U.S. and internationally. Under terms of the agreement AK Steel shareholders will receive 0.40 shares of Cleveland-Cliffs common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first half of 2020. Announcement Date: 12/03/2019
Audentes Therapeutics, Inc. (BOLD-$59.84-NASDAQ) agreed to be acquired by Astellas Pharma, Inc. (4503 JT-¥1,870.00-Tokyo). Audentes Therapeutics develops gene therapy products for patients living with serious, life-threatening rare diseases caused by single gene defects. Under terms of the agreement Audentes shareholders will receive $60.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 12/02/2019
Continental Gold, Inc. (CNL CN-C$5.35-Toronto) agreed to be acquired by Zijin Mining Group Company Ltd. (2899 HK-HKD3.88-Hong Kong). Continental Gold acquires, explores, and develops gold resource properties in Columbia. Under terms of the agreement Continental shareholders will receive C$5.50 cash per share, valuing the transaction at approximately C$1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 12/02/2019
Opus Group AB (OPUS SS-SEK8.40-Stockholm) agreed to be acquired by Searchlight Capital Partners. Opus Group operates in the vehicle inspection and intelligent vehicle support markets. Under terms of the agreement Opus shareholders will receive SEK 7.75 cash per share, valuing the transaction at approximately SEK 2 billion. The transaction is subject to the tender of at least 70% of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 12/02/2019
Tiffany & Co. (TIF-$133.80-NYSE) agreed to be acquired by LVMH Moët Hennessy Louis Vuitton SE (MC FP-€407.30-Paris). Tiffany & Co. designs, manufactures, and retails jewelry and other items internationally. Under terms of the agreement Tiffany shareholders will receive $135.00 cash per share, valuing the transaction at approximately $18 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close mid-2020. Announcement Date: 11/25/2019
Detour Gold Corp. (DGC CN-C$24.60-Toronto) agreed to be acquired by Kirkland Lake Gold Ltd. (KL CN-C$55.79-Toronto). Detour Gold engages in the acquisition, exploration, and development of mineral properties in Canada. Under terms of the agreement Detour shareholders will receive 0.4343 shares of Kirkland common stock per share, valuing the transaction at approximately C$5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 11/25/2019
Veloxis Pharmaceuticals A/S (VELO DC-DKK6.00-Copenhagen) agreed to be acquired by Asahi Kasei Corp. (3407 JT-¥1,229.50-Tokyo). Veloxis Pharmaceuticals engages in enhancing the lives of transplant patients by identifying and developing products in transplantation. Under terms of the agreement Veloxis shareholders will receive DKK 6.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to the tender of at least 80% of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 11/25/2019
TD Ameritrade Holding Corp. (AMTD-$51.83-NASDAQ) agreed to be acquired by The Charles Schwab Corp. (SCHW-$49.50-NYSE). TD Ameritrade provides securities brokerage and related technology-based financial services to retail investors and traders, and independent registered investment advisors in the U.S. Under terms of the agreement TD shareholders will receive 1.0837 shares of Charles Schwab common stock per share, valuing the transaction at approximately $30 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second half of 2020. Announcement Date: 11/25/2019
The Medicines Company (MDCO-$84.20-NASDAQ) agreed to be acquired by Novartis AG (NVS-$92.30-NYSE). The Medicines Company focuses on developing therapeutics for the treatment of therosclerotic cardiovascular disease. Under terms of the agreement Medicines shareholders will receive $85.00 cash per share, valuing the transaction at approximately $7 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 11/24/2019
TLG Immobilien AG (TLG GY-€28.20-Frankfurt) agreed to be acquired by Aroundtown SA (AT1 GY-€7.88-Frankfurt). TLG Immobilien operates as a commercial real estate company in Germany. Under terms of the agreement TLG shareholders will receive 3.60 shares of Aroundtown common stock per share, valuing the transaction at approximately €3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 11/19/2019
Carolina Financial Corp. (CARO-$42.29-NASDAQ) agreed to be acquired by United Bankshares, Inc. (UBSI-$37.87-NASDAQ). Carolina Financial operates as a holding company for CresCom Bank that provides a range of commercial and retail banking financial services in South and North Carolina. Under terms of the agreement Carolina shareholders will receive 1.13 shares of United common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second quarter of 2020. Announcement Date: 11/18/2019
Bolsas y Mercados Españoles (BME SM-€35.52-Madrid) agreed to be acquired by SIX Group AG. Bolsas y Mercados Españoles operates stock markets and financial systems in Spain. Under terms of the agreement Bolsas shareholders will receive €34.00 cash per share, valuing the transaction at approximately €3 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first half of 2020. Announcement Date: 11/18/2019
Consort Medical plc (CSRT LN-£10.45-London) agreed to be acquired by Recipharm AB (RECIB SS-SEK139.10-Stockholm). Consort Medical operates as a one-stop developer and manufacturer of drugs and premium drug delivery devices internationally. Under terms of the agreement Consort shareholders will receive £10.10 cash per share, valuing the transaction at approximately £600 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 11/18/2019
Amerisur Resources plc (AMER LN-£0.19-London) agreed to be acquired by GeoPark Ltd. (GPRK-$18.06-NYSE). Amerisur Resources engages in the exploration and production of oil and gas assets. Under terms of the agreement Amerisur shareholders will receive £0.19 cash per share, valuing the transaction at approximately £200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in January 2020. Announcement Date: 11/15/2019
Carpetright plc (CPR LN-£0.05-London) agreed to be acquired by Meditor European Master Fund Ltd. Carpetright engages in the retail sale of floor coverings, beds, curtains, and blinds. Under terms of the agreement Carpetright shareholders will receive £0.05 cash per share, valuing the transaction at approximately £15 million. The transaction is subject to the tender of at least 75% of shares outstanding, as well as regulatory approval and is expected to close in 2020. Announcement Date: 11/15/2019
Hemfosa Fastigheter AB (HEMF SS-SEK116.80-Stockholm) agreed to be acquired by SBB AB (SBBB SS-SEK25.00-Stockholm). Hemfosa Fastigheter owns, acquires, develops, manages, and sells properties in Sweden, Norway, and Finland. Under terms of the agreement Hemfosa shareholders will receive SEK 120.00 cash or 5.5 shares of SBB common stock per share, valuing the transaction at approximately SEK 23 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval and is expected to close in 2020. Announcement Date: 11/15/2019
Tech Data Corp. (TECD-$144.89-NASDAQ) agreed to be acquired by Apollo Global Management, Inc. (APO-$43.80-NYSE). Tech Data offers endpoint portfolio solutions, including personal computer systems, mobile phones and accessories, and consumer electronics. In response to a proposal received from Berkshire Hathaway during the go-shop period, Tech Data agreed to improved terms with Apollo for $145 cash per share, or about $6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2020. Announcement Date: 11/13/2019
Royal VolkerWessels NV (KVW NA-€21.95-Amsterdam) agreed to be acquired by Reggeborgh Holding BV. Royal VolkerWessels operates as an integrated and diversified construction company in the Netherlands, the U.K., North America, and Germany. Under terms of the agreement Royal VokerWessels shareholders will receive €22.20 cash per share, valuing the transaction at approximately €2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 11/12/2019
Continental Building Products, Inc. (CBPX-$36.79-NYSE) agreed to be acquired by Compagnie de Saint-Gobain SA (SGO FP-€36.75-Paris). Continental Building Products manufactures and sells gypsum wallboard and complementary finishing products in the eastern U.S. and Canada. Under terms of the agreement Continental shareholders will receive $37.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2020. Announcement Date: 11/12/2019
Craft Brew Alliance, Inc. (BREW-$16.48-NASDAQ) agreed to be acquired by Anheuser-Busch InBev SA/NV (ABI BB-€71.87-Brussels). Craft Brew Alliance brews and sells craft beers and ciders in the U.S. and internationally. Under terms of the agreement Craft Brew shareholders will receive $16.50 cash per share, valuing the transaction at approximately $300 million. Anheuser-Busch already owns approximately 31% of outstanding shares of Craft Brew. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in 2020. Announcement Date: 11/11/2019
Swedol AB (SWOLB SS-SEK46.00-Stockholm) agreed to be acquired by Momentum Group AB (MMGRB SS-SEK110.80-Stockholm). Swedol provides clothing and protection, and tool and supplies for construction and civil engineering. Under terms of the agreement Swedol shareholders will have the option to receive SEK 46.50 cash or 0.40 shares of Momentum common stock per share, valuing the transaction at approximately SEK 4 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 11/11/2019
Carbonite, Inc. (CARB-$23.00-NASDAQ) agreed to be acquired by Open Text Corp. (OTEX-$43.58-NASDAQ). Carbonite provides backup, disaster recovery, high availability, and workload migration technology solutions in the U.S. Under terms of the agreement Carbonite shareholders will receive $23.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 11/11/2019
Foamix Pharmaceuticals Ltd. (FOMX-$3.18-NASDAQ) agreed to be acquired by Menlo Therapeutics, Inc. (MNLO-$3.96-NASDAQ). Foamix Pharmaceuticals develops and commercializes foam-based formulations for dermatological therapy in the U.S., France, Denmark, and Germany. Under terms of the agreement Foamix shareholders will receive 0.5924 shares of Menlo common stock per share, subject to adjustment based on the outcome of Menlo drug trials, valuing the transaction at approximately $200 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first half of 2020. Announcement Date: 11/11/2019
Cramo Oyj (CRA1V FH-€13.36-Helsinki) agreed to be acquired by Boels Topholding BV. Cramo Oyj, a service company, engages in the rental of equipment and modular spaces. Under terms of the agreement Cramo shareholders will receive €13.25 cash per share, valuing the transaction at approximately €600 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 11/11/2019
KEMET Corp. (KEM-$26.72-NYSE) agreed to be acquired by Yageo Corp. (2327 TW-NT$330.00-Taiwan). KEMET Corp. manufactures and sells passive electronic components. Under terms of the agreement KEMET shareholders will receive $27.20 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 11/11/2019
Ladenburg Thalmann Financial Services, Inc. (LTS-$3.49-NYSE) agreed to be acquired by Advisor Group. Ladenburg Thalmann operates as a diversified financial services company in the U.S. Under terms of the agreement Ladenburg shareholders will receive $3.50 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2020. Announcement Date: 11/11/2019
Aircastle Ltd. (AYR-$31.99-NYSE) agreed to be acquired by Mizuho Leasing Co. Ltd. and Marubeni Corp. (8002 JT-¥808.20-Tokyo). Aircastle leases, finances, sells, and manages commercial flight equipment to airlines worldwide. Under terms of the agreement Aircastle shareholders will receive $32.00 cash per share, valuing the transaction at approximately $7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2020. Announcement Date: 11/06/2019
Diversified Restaurant Holdings, Inc. (SAUC-$1.03-NASDAQ) agreed to be acquired by ICV Partners LLC. Diversified Restaurant Holdings owns and operates Buffalo Wild Wings franchised restaurants in the U.S. Under terms of the agreement Diversified Restaurant shareholders will receive $1.05 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 11/06/2019
William Lyon Homes (WLH-$20.88-NYSE) agreed to be acquired by Taylor Morrison Home Corp. (TMHC-$23.22-NYSE). William Lyon Homes designs, constructs, and sells single-family detached and attached homes in the U.S. Under terms of the agreement William Lyon shareholders will receive $2.50 cash and 0.80 shares of Taylor Morrison common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2020. Announcement Date: 11/06/2019
Wright Medical Group NV (WMGI-$29.77-NASDAQ) agreed to be acquired by Stryker Corp. (SYK-$204.86-NYSE). Wright Medical Group, a medical device company, designs, manufactures, and sells upper and lower extremities and biologics products internationally. Under terms of the agreement Wright shareholders will receive $30.75 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2020. Announcement Date: 11/04/2019
IBERIABANK Corp. (IBKC-$72.99-NASDAQ) agreed to be acquired by First Horizon National Corp. (FHN-$16.08-NYSE). IBERIABANK operates as the holding company for IBERIABANK that provides commercial and retail banking products in the U.S. Under terms of the agreement IBERIABANK shareholders will receive 4.584 shares of First Horizon common stock per share, valuing the transaction at approximately $4 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second quarter of 2020. Announcement Date: 11/04/2019
Pattern Energy Group, Inc. (PEGI-$27.52-NASDAQ) agreed to be acquired by Canada Pension Plan Investment Board. Pattern Energy Group operates as an integrated renewable energy company. Under terms of the agreement Pattern Energy shareholders will receive $26.75 cash per share, valuing the transaction at approximately $6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2020. Announcement Date: 11/04/2019
FitBit, Inc. (FIT-$6.96-NYSE) agreed to be acquired by Alphabet, Inc. (GOOGL-$1,304.09-NASDAQ). FitBit designs products that track and provide motivation for everyday health and fitness. Under terms of the agreement FitBit shareholders will receive $7.35 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2020. Announcement Date: 11/01/2019
Anixter International, Inc. (AXE-$82.69-NYSE) agreed to be acquired by Clayton, Dubilier & Rice. Anixter International distributes enterprise cabling and security solutions, electrical and electronic wire and cable solutions, and utility power solutions worldwide. Under terms of the agreement Anixter shareholders will receive $81.00 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Anixter is also permitted to solicit superior bids from parties during a 40 day “go-shop” period. Announcement Date: 10/30/2019
InterXion Holding NV (INXN-$88.22-NYSE) agreed to be acquired by Digital Realty Trust, Inc. (DLR-$127.07-NYSE). InterXion Holding NV provides carrier and cloud-neutral colocation data center services in Europe. Under terms of the agreement InterXion shareholders will receive 0.7067 shares of Digital Realty common stock per share, valuing the transaction at approximately $8 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first half of 2020. Announcement Date: 10/29/2019
MutualFirst Financial, Inc. (MFSF-$39.89-NASDAQ) agreed to be acquired by Northwest Bancshares, Inc. (NWBI-$16.87-NASDAQ). MutualFirst Financial operates as the bank holding company for MutualBank that provides various financial services in the U.S. Under terms of the agreement MutualFirst shareholders will receive 2.4 shares of Northwest common stock per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2020. Announcement Date: 10/29/2019
Central European Media Enterprises Ltd. (CETV-$4.49-NASDAQ) agreed to be acquired by PPF Group NV. Central European Media Enterprises operates as a media and entertainment company in Bulgaria, the Czech Republic, Romania, the Slovak Republic, and Slovenia. Under terms of the agreement Central European shareholders will receive $4.58 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2020. Announcement Date: 10/27/2019
Liberty Property Trust (LPT-$59.09-NYSE) agreed to be acquired by Prologis, Inc. (PLD-$87.74-NYSE). Liberty Property Trust develops, acquires and manages superior logistics, warehouse, manufacturing, and R&D facilities in the U.S. and U.K. Under terms of the agreement Liberty shareholders will receive 0.675 shares of Prologis common stock per share, valuing the transaction at approximately $13 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 10/27/2019
Cision Ltd. (CISN-$10.07-NYSE) agreed to be acquired by Platinum Equity. Cision provides public relations software, media distribution, and related professional services to businesses worldwide. Under terms of the agreement Cision shareholders will receive $10.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Cision is also permitted to solicit superior bids from parties during a 20 day “go-shop” period. Announcement Date: 10/22/2019
Just Eat plc (JE LN-£7.35-London) received an unsolicited offer to be acquired by Prosus NV (PRX NA-€61.83-Amsterdam). Just Eat operates a hybrid marketplace for online food delivery. Under terms of the offer Just Eat shareholders would receive £7.10 cash per share, valuing the transaction at approximately £5 billion. Just Eat had previously agreed to be acquired by Takeaway.com NV (TKWY NA-€73.00-Amsterdam) for 0.09744 shares of Takeaway.com common stock per share. The proposal is under review as part of Just Eat’s broader strategy, and we continue to monitor the situation. Announcement Date: 10/22/2019
Innophos Holdings, Inc. (IPHS-$32.62-NASDAQ) agreed to be acquired by One Rock Capital Partners LLC. Innophos Holdings produces specialty ingredients with applications in food, health, nutrition, and industrial markets. Under terms of the agreement Innophos shareholders will receive $32.00 cash per share, valuing the transaction at approximately $900 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Innophos is also permitted to solicit superior bids from parties during a 30 day “go-shop” period. Announcement Date: 10/21/2019
Steuben Trust Corp. (SBHO-$66.50-OTC) agreed to be acquired by Community Bank System, Inc. (CBU-$67.78-NYSE). Steuben Trust operates as a bank holding company for Steuben Trust Company which offers financial and banking services in the New York counties of Steuben, Allegany, Monroe, and Wyoming. Under terms of the agreement Steuben shareholders will receive $12.60 cash and 0.8054 shares of Community common stock per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2020. Announcement Date: 10/21/2019
AltaGas Canada, Inc. (ACI CN-C$33.52-Toronto) agreed to be acquired by a Consortium of Investors. AltaGas Canada is a natural gas distribution utility company that provides rate-regulated utility services in northern British Columbia. Under terms of the agreement AltaGas shareholders will receive C$33.50 cash per share, valuing the transaction at approximately C$2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2020. Announcement Date: 10/21/2019
Hudson’s Bay Co. (HBC CN-C$9.98-Toronto) agreed to be acquired by a Group of Hudson’s Bay Shareholders. Hudson’s Bay owns and operates department stores in the U.S. and Canada. Under terms of the agreement Hudson’s shareholders will receive C$10.30 cash per share, valuing the transaction at approximately C$2 billion. The transaction is subject to shareholder, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 10/21/2019
Achillion Pharmaceuticals, Inc. (ACHN-$6.41-NASDAQ) agreed to be acquired by Alexion Pharmaceuticals, Inc. (ALXN-$105.40-NASDAQ). Achillion discovers, develops, and commercializes small molecule drug therapies for immune system disorders. Under terms of the agreement Achillion shareholders will receive $6.30 cash per share, valuing the transaction at approximately $900 million. The agreement also includes two Contingent Value Rights (“CVRs”), each of $1.00 per share, which will be paid upon the U.S. FDA’s approval of danicopan and the ACH-5228 Phase 3 initiation. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2020. Announcement Date: 10/16/2019
Eland Oil & Gas plc (ELA LN-£1.64-London) agreed to be acquired by Seplat Petroleum Development Company plc (SEPL LN-£1.25-London). Eland Oil & Gas engages in the development and production of oil and gas properties in West Africa. Under terms of the agreement Eland shareholders will receive £1.66 cash per share, valuing the transaction at approximately £400 million. The transaction is subject to shareholder approval and is expected to close in the fourth quarter of 2019. Announcement Date: 10/15/2019
Jagged Peak Energy, Inc. (JAG-$7.08-NYSE) agreed to be acquired by Parsley Energy, Inc. (PE-$15.82-NYSE). Jagged Peak Energy is an independent oil and natural gas company focused on the acquisition of unconventional oil and natural gas reserves in the Southern Delaware basin. Under terms of the agreement Jagged shareholders will receive 0.447 shares of Parsley common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 10/14/2019
Sophos Group plc (SOPH LN-£5.68-London) agreed to be acquired by Thoma Bravo LLC. Sophos Group provides cloud-enabled end-user and network security solutions. Under terms of the agreement Sophos shareholders will receive $7.40 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 10/14/2019
Ra Pharmaceuticals, Inc. (RARX-$47.07-NASDAQ) agreed to be acquired by UCB SA (UCB BR-€72.26-Brussels). Ra Pharmaceuticals develops therapeutics for the treatment of diseases caused by excessive or uncontrolled activation of the complement system. Under terms of the agreement Ra shareholders will receive $48.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 10/10/2019
Progenics Pharmaceuticals, Inc. (PGNX-$5.31-NASDAQ) agreed to be acquired by Lantheus Holdings, Inc. (LNTH-$20.85-NASDAQ). Progenics Pharmaceuticals develops, manufactures and commercializes pharmaceutical products to target, diagnose, and treat cancer in the U.S. and internationally. Under terms of the agreement Progenics shareholders will receive 0.2502 shares of Lantheus common stock per share, valuing the transaction at approximately $500 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 10/02/2019
The Stars Group, Inc. (TSG-$21.76-NASDAQ) agreed to be acquired by Flutter Entertainment plc (FLTR LN-£79.58-London). The Stars Group engages in online gaming and betting businesses primarily in Europe, Australia, and the Americas. Under terms of the agreement Stars shareholders will receive 0.2253 shares of Flutter common stock per share, valuing the transaction at approximately $10 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the third quarter of 2020. Announcement Date: 10/02/2019
State Bank Corp. (SBAZ-$17.42-OTC) agreed to be acquired by Glacier Bancorp, Inc. (GBCI-$42.32-NASDAQ). State Bank Corp. is the holding company for Mohave State Bank which provides various banking services to individuals, businesses, and professionals in the U.S. Under terms of the agreement State Bank shareholders will receive $1.69 cash and 0.3706 shares of Glacier common stock per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 10/01/2019
Dova Pharmaceuticals, Inc. (DOVA-$27.95-NASDAQ) agreed to be acquired by Swedish Orphan Biovitrum AB (SOBI SS-SEK150.85-Stockholm). Dova Pharmaceuticals focuses on acquiring and developing drug candidates for thrombocytopenia (“CIT”) disease. Under terms of the agreement, Dova shareholders will receive $27.50 cash per share, valuing the transaction at approximately $900 million. The agreement also includes a Contingent Value Right (“CVR”) of $1.50 per share, which will be paid upon regulatory approval of DOPTELET for the treatment of chemotherapy-induced CIT. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2019. Announcement Date: 9/30/2019
Teekay Offshore Partners LP (TOO-$1.16-NYSE) agreed to be acquired by Brookfield Business Partners LP (BBU-$39.29-NYSE) under revised terms. Teekay Offshore Partners provides marine transportation, oil production, storage, long-distance towing and offshore installation for the oil industry. Under terms of the agreement Teekay shareholders will receive $1.55 cash per share, valuing the transaction at approximately $600 million. Brookfield previously proposed $1.05 in May 2019. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 9/30/2019
The Scottish Salmon Company plc (SSC NO-NOK28.20-Oslo) agreed to be acquired by P/F Bakkafrost (BAKKA NO-NOK537.00-Oslo). The Scottish Salmon Company produces, processes, and sells Scottish seafood products primarily in Scotland. Under terms of the agreement Scottish Salmon shareholders will receive NOK 28.25 cash per share, valuing the transaction at approximately $600 million. The transaction has been agreed to by the holder of 68.6% of shares outstanding, and is expected to close in the first quarter of 2020. Announcement Date: 9/25/2019
Arotech Corp. (ARTX-$2.94-NASDAQ) agreed to be acquired by Greenbriar Equity Group LP. Arotech is a defense and security company operating in the interactive simulation and mobile power systems business areas. Under terms of the agreement Arotech shareholders will receive $3.00 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 9/23/2019
Barkerville Gold Mines Ltd. (BGM CN-C$0.43-Toronto) agreed to be acquired by Osisko Gold Royalties Ltd. (OR CN-C$12.32-Toronto). Barkerville acquires and develops gold properties in Canada. Under terms of the agreement Barkerville shareholders will receive 0.0357 shares of Osisko common stock per share, valuing the transaction at approximately C$400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 9/23/2019
Alder BioPharmaceuticals, Inc. (ALDR-$18.86-NASDAQ) agreed to be acquired by H. Lundbeck A/S (LUN DC-DKK227.20-Copenhagen). Alder BioPharmaceuticals operates as a clinical-stage biopharmaceutical company engaged in the development of therapeutic antibodies to transform migraine treatment. Under terms of the agreement Alder shareholders will receive $18.00 cash per share, valuing the transaction at approximately $2 billion. The agreement also includes a Contingent Value Right (“CVR”) of $2.00 per share which will be paid upon the European Medicines Agency’s approval of Alder’s migraine prevention drug, eptinezumab. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2019. Announcement Date: 9/16/2019
SemGroup Corp. (SEMG-$16.37-NYSE) agreed to be acquired by Energy Transfer LP (ET-$13.09-NYSE). SemGroup provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers and refiners of petroleum products. Under terms of the agreement SemGroup shareholders will receive $6.80 cash and 0.7275 shares of Energy Transfer common stock per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 9/16/2019
Bellamy’s Australia Ltd. (BAL AU-A$13.02-Sydney) agreed to be acquired by China Mengniu Dairy Co. Ltd. (2319 HK-HKD29.35-Hong Kong). Bellamy's Australia produces and markets organic food and formula products for babies and toddlers. Under terms of the agreement Bellamy’s shareholders will receive A$13.25 cash per share, valuing the transaction at approximately A$2 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2019. Announcement Date: 9/15/2019
Dream Global REIT (DRG-U CN-C$16.62-Toronto) agreed to be acquired by The Blackstone Group, Inc. (BX-$48.86-NYSE). Dream Global REIT is an owner and operator of a diversified portfolio of office and industrial properties located in key markets in Western Europe with a focus on Germany and the Netherlands. Under terms of the agreement Dream shareholders will receive C$16.79 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 9/15/2019
MAM Software Group, Inc. (MAMS-$12.08-NASDAQ) agreed to be acquired by Kerridge Commercial Systems. MAM Software Group provides software, information, and e-commerce and related services to businesses engaged in the automotive aftermarket in the U.S. Under terms of the agreement MAM shareholders will receive $12.12 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 9/03/2019
Castle Brands, Inc. (ROX-$1.27-NYSE) agreed to be acquired by Pernod Ricard SA (RI FP-€173.70-Paris). Castle Brands develops, imports, and sells alcoholic and non-alcoholic beverage products. Under terms of the agreement Castle shareholders will receive $1.27 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2019. Announcement Date: 8/28/2019
Tallgrass Energy LP (TGE-$19.58-NYSE) received an unsolicited offer to be acquired by Blackstone Infrastructure Partners. Tallgrass Energy provides crude oil transportation services to customers in the Midwest U.S. Under terms of the offer Tallgrass shareholders would receive $19.50 cash per share, valuing the transaction at approximately $6 billion. The transaction would be subject to shareholder, as well as regulatory approvals and we continue to monitor the situation. Announcement Date: 8/27/2019
SRC Energy, Inc. (SRCI-$5.02-NYSE) agreed to be acquired by PDC Energy, Inc. (PDCE-$31.85-NASDAQ). SRC Energy acquires, develops and produces oil, natural gas, and natural gas liquids primarily in the Denver-Julesburg Basin of Colorado. Under terms of the agreement SRC shareholders will receive 0.158 shares of PDC common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2019. Announcement Date: 8/26/2019
Entertainment One Ltd. (ETO LN-£5.85-London) agreed to be acquired by Hasbro, Inc. (HAS-$110.47-NASDAQ). Entertainment One develops family, television, music, and film content across various media globally. Under terms of the agreement Entertainment One shareholders will receive £5.60 cash per share, valuing the transaction at approximately £3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 8/22/2019
Pivotal Software, Inc. (PVTL-$14.91-NYSE) agreed to be acquired by VMware, Inc. (VMW-$141.44-NYSE). Pivotal Software provides a cloud-native application platform and services in the U.S. Under terms of the agreement Pivotal shareholders will receive $15.00 cash per Class A share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 8/22/2019
Carbon Black, Inc. (CBLK-$26.10-NASDAQ) agreed to be acquired by VMware, Inc. (VMW-$141.44-NYSE). Carbon Black provides security solutions that allow customers to prevent and respond to cyber-attacks. Under terms of the agreement Carbon shareholders will receive $26.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2019. Announcement Date: 8/22/2019
Kinder Morgan Canada Ltd. (KML CN-C$14.68-Toronto) agreed to be acquired by Pembina Pipeline Corp. (PPL CN-C$48.74-Toronto). Kinder Morgan Canada owns and operates pipeline systems and terminal facilities in Canada. Under terms of the agreement Kinder shareholders will receive 0.3068 shares of Pembina common stock per share, valuing the transaction at approximately C$2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 8/21/2019
Greene REIT plc (GRN ID-€1.91-Ireland) agreed to be acquired by The Henderson Park Funds. Green REIT was the first REIT established in Ireland and has a property portfolio consisting primarily of commercial property in Ireland. Under terms of the agreement Green REIT shareholders will receive €1.91 cash per share, valuing the transaction at approximately €2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 8/14/2019
Presidio, Inc. (PSDO-$16.02-NASDAQ) agreed to be acquired by BC Partners. Presidio provides digital and cloud infrastructure solutions to the middle market in North America. Under terms of the agreement Presidio shareholders will receive $16.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 8/14/2019
Viacom, Inc. (VIA-$27.27-NASDAQ) agreed to be acquired by CBS Corp. (CBS-$42.06-NYSE). Viacom is a media conglomerate with a portfolio of cable TV and film production assets including MTV, Nickelodeon and Paramount Pictures. Under terms of the agreement Viacom shareholders will receive 0.59625 shares of CBS common stock per share, valuing the transaction at approximately $20 billion. The transaction is subject to regulatory approval and is expected to close by the end of 2019. Announcement Date: 8/13/2019
TSO3, Inc. (TOS CN-C$0.43-Toronto) agreed to be acquired by Stryker Corp. (SYK-$220.66-NYSE). TSO3 develops sterilization processes, related consumable supplies, and accessories for heat and moisture sensitive medical devices. Under terms of the agreement TSO3 shareholders will receive C$0.43 cash per share, valuing the transaction at approximately C$70 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 8/12/2019
Eidos Therapeutics, Inc. (EIDX-$41.81-NASDAQ) received an unsolicited offer to be acquired by BridgeBio Pharma, Inc. (BBIO-$30.48-NASDAQ). Eidos Therapeutics focuses on the development of drugs to treat diseases caused by transthyretin amyloidosis. Under terms of the offer Eidos shareholders would receive 1.30 shares of BridgeBio common stock per share, valuing the transaction at approximately $1 billion. BridgeBio already owns approximately 66% of outstanding shares of Eidos. The proposal is under review as part of Eidos’ broader strategy, and we continue to monitor the situation. Announcement Date: 8/12/2019
Canfor Corp. (CFP CN-C$15.32-Toronto) received an unsolicited offer to be acquired by Great Pacific Capital Corp. Canfor is an integrated forest products company in Canada. Under terms of the offer Canfor shareholders would receive C$16.00 cash per share, valuing the transaction at approximately C$2 billion. The proposal is under review as part of Canfor’s broader strategy, and we continue to monitor the situation. Announcement Date: 8/10/2019
Holloway Lodging Corp. (HLC CN-C$8.30-Toronto) agreed to be acquired by Clarke, Inc. (CKI CN-C$12.71-Toronto). Holloway Lodging is a real estate corporation focused on acquiring and operating select service hotels. Under terms of the agreement Holloway shareholders will receive 0.65 shares of Clarke common stock per share, valuing the transaction at approximately C$300 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2019. Announcement Date: 8/09/2019
Wesco Aircraft Holdings, Inc. (WAIR-$11.00-NYSE) agreed to be acquired by Platinum Partners. Wesco Aircraft Holdings distributes aerospace products and provides supply chain management services to the aerospace industry. Under terms of the agreement Wesco shareholders will receive $11.05 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 8/09/2019
Corindus Vascular Robotics, Inc. (CVRS-$4.25-NYSE) agreed to be acquired by Siemens Healthineers AG (SHL GY-€35.71-Frankfurt). Corindus Vascular designs robotic-assisted systems for use in interventional vascular procedures. Under terms of the agreement Corindus shareholders will receive $4.28 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 8/08/2019
Vitamin Shoppe, Inc. (VSI-$6.45-NYSE) agreed to be acquired by Liberty Tax, Inc. (TAXA-$11.96-OTC) & Vintage Capital. Vitamin Shoppe is an omni-channel specialty retailer of nutritional products. Under terms of the agreement Vitamin Shoppe shareholders will receive $6.50 cash per share, valuing the transaction at approximately $700 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 8/08/2019
Avedro, Inc. (AVDR-$23.42-NASDAQ) agreed to be acquired by Glaukos Corp. (GKOS-$64.31-NYSE). Avedro develops products to treat ophthalmic disorders and conditions, primarily associated with corneal weakness. Under terms of the agreement Avedro shareholders will receive 0.365 shares of Glaukos common stock per share, valuing the transaction at approximately $500 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2019. Announcement Date: 8/07/2019
Cambrex Corp. (CBM-$59.93-NYSE) agreed to be acquired by Permira. Cambrex offers various products and services for the development and commercialization of new and generic therapeutics. Under terms of the agreement Cambrex shareholders will receive $60.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Cambrex is also permitted to solicit superior bids from parties during a 45 day “go-shop” period. Announcement Date: 8/07/2019
Cxense ASA (CXENSE ON-NOK15.40-Oslo) agreed to be acquired by Piano Software, Inc. Cxense provides data management software worldwide. Under terms of the agreement Cxense shareholders will receive NOK 16.00 cash per share, valuing the transaction at approximately NOK 200 million. The transaction is subject to the tender of at least 90% of shares outstanding. No closing guidance has been provided and we continue to monitor the situation. Announcement Date: 8/05/2019
easyHotel plc (EZH LN-£0.95-London) agreed to be acquired by Ivanhoé Cambridge & ICAMAP Investments. easyHotel owns, develops, operates and franchises hotels in the U.K, the rest of Europe, and internationally. Under terms of the agreement easyHotels shareholders will receive £0.95 cash per share, valuing the transaction at approximately £100 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2019. Announcement Date: 8/05/2019
Gannett Co., Inc. (GCI-$10.52-NYSE) agreed to be acquired by New Media Investment Group, Inc. (NEWM-$8.78-NYSE). Gannett is a media and marketing solutions company. Under terms of the agreement Gannett shareholders will receive $6.25 cash and 0.5427 shares of New Media common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2019. Announcement Date: 8/05/2019
Navigant Consulting, Inc. (NCI-$27.87-NYSE) agreed to be acquired by Guidehouse & Veritas Capital. Navigant Consulting offers professional services through its Healthcare, Energy, and Financial Services advisory and compliance segments. Under terms of the agreement Navigant shareholders will receive $28.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 8/02/2019
Genomic Health, Inc. (GHDX-$72.97-NASDAQ) agreed to be acquired by Exact Sciences Corp. (EXAS-$115.11-NASDAQ). Genomic Health focuses on genetic research in cancer detection. Under terms of the agreement Genomic shareholders will receive $27.50 cash and $44.50 in Exact Sciences common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019.
Announcement Date: 7/29/2019
KappAhl AB (KAHL SS-SEK19.58-Stockholm) agreed to be acquired by Melby Gard. KappAhl engages in the retail sale of clothes and accessories for women, men, and children. Under terms of the agreement KappAhl shareholders will receive SEK 20.00 cash per share, valuing the transaction at approximately SEK1.6 billion. Melby Gard already owns approximately 30% of outstanding shares of KappAhl. The transaction is subject to the tender of at least 90% of shares outstanding, and is expected to close in the third quarter of 2019. Announcement Date: 7/29/2019
Cobham plc (COB LN-£1.653-London) agreed to be acquired by Advent International Corp. Cobham provides a range of technologies and services to commercial, defense, aerospace, space, and security markets. Under terms of the agreement Cobham shareholders will receive £1.65 cash per share, valuing the transaction at approximately £4 billion. The transaction is subject to shareholder, as well as regulatory approval and is expected to close in the fourth quarter of 2019. Announcement Date: 7/25/2019
Speedway Motorsports, Inc. (TRK-$19.80-NYSE) agreed to be acquired by Sonic Financial Corp. Speedway Motorsports is a marketer and promoter of motorsports entertainment in the U.S. Under terms of the agreement Speedway shareholders will receive $19.75 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to the tender of at least 50% of shares outstanding and is expected to close in the third quarter of 2019. Announcement Date: 7/24/2019
Old Line Bancshares, Inc. (OLBK-$28.24-NASDAQ) agreed to be acquired by WesBanco, Inc. (WSBC-$36.58-NASDAQ). Old Line Bancshares is the parent company of Old Line Bank, a Maryland-chartered trust company with the powers of a commercial bank. Under terms of the agreement Old Line shareholders will receive 0.7844 shares of WesBanco common stock per share, valuing the transaction at approximately $500 million. The transaction is subject to approval by shareholders of both companies and is expected to close in the first quarter of 2020. Announcement Date: 7/23/2019
Atrium European Real Estate Ltd. (ATRS AV-€3.69-Vienna) agreed to be acquired by Gazit Globe Ltd. (GZT IT-Ils3,164-Tel Aviv). Atrium European Real Estate is an owner and redeveloper of shopping centers and retail real estate in Central Europe. Under terms of the agreement Atrium shareholders will receive €3.75 cash per share, valuing the transaction at approximately €600 million. The transaction is subject to shareholder approval. Atrium is also permitted to solicit superior bids from parties during a 7-week “go shop” period. Announcement Date: 7/23/2019
Condor Hospitality Trust, Inc. (CDOR-$11.02-NYSE) agreed to be acquired by NexPoint Hospitality Trust (NHT/U CN-$5.25-Toronto). Condor Hospitality is a self-administered real estate investment trust that specializes in the investment of upper midscale and upscale limited-service hotels. Under terms of the agreement Condor shareholders will receive $11.10 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder approval and is expected to close in the fourth quarter of 2019. Announcement Date: 7/22/2019
Peak Resorts, Inc. (SKIS-$10.87-NASDAQ) agreed to be acquired by Vail Resorts, Inc. (MTN-$246.52-NYSE). Peak Resorts owns and operates day and overnight ski resorts in the U.S. Under terms of the agreement Peak shareholders will receive $11.00 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 7/22/2019
Carolina Trust BancShares, Inc. (CART-$10.34-NASDAQ) agreed to be acquired by Carolina Financial Corp. (CARO-$35.12-NASDAQ). Carolina Trust operates as the bank holding company for Carolina Trust Bank. Under terms of the agreement Carolina Trust shareholders will have the option to receive $10.57 cash or 0.30 shares of Carolina Financial common stock per share, subject to proration, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 7/15/2019
United Financial Bancorp, Inc. (UBNK-$14.34-NASDAQ) agreed to be acquired by People’s United Financial, Inc. (PBCT-$16.42-NASDAQ). United Financial Bancorp operates as the holding company for United Bank that provides retail, commercial, and consumer banking services to individuals and businesses. Under terms of the agreement United Financial shareholders will receive 0.875 shares of People’s United common stock per share, valuing the transaction at approximately $800 million. The transaction is subject to shareholder, as well as regulatory approvals. No closing guidance has been provided and we continue to monitor the situation. Announcement Date: 7/15/2019
Carrizo Oil & Gas, Inc. (CRZO-$9.53-NASDAQ) agreed to be acquired by Callon Petroleum Co. (CPE-$4.92-NYSE). Carrizo Oil & Gas explores for and produces crude oil, natural gas liquids, and gas from resource plays primarily in the U.S. Under terms of the agreement Carrizo shareholders will receive 2.05 shares of Callon common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2019. Announcement Date: 7/15/2019
Milacron Holdings Corp. (MCRN-$16.84-NYSE) agreed to be acquired by Hillenbrand, Inc. (HI-$33.69-NYSE). Milacron Holdings manufactures engineered and customized systems within the plastic technology and processing industry. Under terms of the agreement Milacron shareholders will receive $11.80 cash and 0.1612 shares of Hillenbrand common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 7/12/2019
Tower International, Inc. (TOWR-$30.80-NYSE) agreed to be acquired by Autokiniton Global Group. Tower International manufactures engineered automotive structural metal components and assemblies primarily for original equipment manufacturers. Under terms of the agreement Tower shareholders will receive $31.00 cash per share, valuing the transaction at approximately $900 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in September or October of 2019. Tower is also permitted to solicit superior bids from parties during a 35 day “go-shop” period. Announcement Date: 7/12/2019
Acacia Communications, Inc. (ACIA-$67.17-NASDAQ) agreed to be acquired by Cisco Systems, Inc. (CSCO-$55.40-NASDAQ). Acacia Communications develops high-speed coherent optical interconnect products. Under terms of the agreement Acacia shareholders will receive $70.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second or third quarter of 2020. Announcement Date: 7/09/2019
OMNOVA Solutions, Inc. (OMN-$9.95-NYSE) agreed to be acquired by Synthomer plc (SYNT LN-£3.028-London). OMNOVA Solutions creates specialty solutions and performance materials for various commercial, industrial, and residential uses in the U.S., Europe, and Asia. Under terms of the agreement OMNOVA shareholders will receive $10.15 cash per share, valuing the transaction at approximately $800 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close by the end of 2019. Announcement Date: 7/03/2019
Telford Homes plc (TEF LN-£3.50-London) agreed to be acquired by CBRE Group, Inc. (CBRE-$53.01-NYSE). Telford Homes is one of London’s largest residential property developers. Under terms of the agreement Telford shareholders will receive £3.50 cash per share, valuing the transaction at approximately £300 million. The transaction is subject to the tender of at least 75% of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2019. Announcement Date: 7/03/2019
Genesee & Wyoming, Inc. (GWR-$109.81-NYSE) agreed to be acquired by Brookfield Infrastructure Partners LP (BIP-$44.28-NYSE). Genesee & Wyoming owns and operates freight short line and regional freight railroads worldwide. Under terms of the agreement Genesee shareholders will receive $112.00 cash per share, valuing the transaction at approximately $9 billion. The transaction is subject the approval of two-thirds of shares outstanding, as well as regulatory approval and is expected to close by the end of 2019. Announcement Date: 7/01/2019
Latécoère SA (LAT FP-€3.82-Paris) received an unsolicited offer to be acquired by Searchlight Capital Partners. Latécoère designs and develops aerostructures and interconnection systems. Under terms of the offer Latécoère shareholders would receive €3.85 cash per share, valuing the transaction at approximately €300 million. Searchlight already owns approximately 26% of outstanding shares of Latécoère. The proposal is under review as part of Latécoère’s broader strategy, and we continue to monitor the situation. Announcement Date: 7/01/2019
WageWorks, Inc. (WAGE-$50.79-NYSE) agreed to be acquired by HealthEquity, Inc. (HQY-$65.40-NASDAQ) under revised terms. WageWorks administers consumer-directed benefits which empower employees to save money on taxes, as well as provides corporate tax advantages for employers in the U.S. Under terms of the agreement WageWorks shareholders will receive $51.35 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the end of 2019. Announcement Date: 6/27/2019
Aerohive Networks, Inc. (HIVE-$4.43-NYSE) agreed to be acquired by Extreme Networks, Inc. (EXTR-$6.47-NASDAQ). Aerohive Networks designs and develops cloud networking and enterprise Wi-Fi solutions. Under terms of the agreement Aerohive shareholders will receive $4.45 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 6/26/2019
Oritani Financial Corp. (ORIT-$17.74-NASDAQ) agreed to be acquired by Valley National Bancorp (VLY-$10.78-NASDAQ). Oritani Financial is the savings and loan holding company for Oritani Bank which offers various banking services for individual and corporate customers. Under terms of the agreement Oritani shareholders will receive 1.6 shares of Valley National common stock per share, valuing the transaction at approximately $700 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 6/26/2019
Allergan plc (AGN-$167.43-NYSE) agreed to be acquired by AbbVie, Inc. (ABBV-$72.72-NYSE). Allergan develops and manufactures branded pharmaceutical, biologic, surgical, and regenerative medicine products. Under terms of the agreement Allergan shareholders will receive $120.30 cash and 0.866 shares of AbbVie common stock per share, valuing the transaction at approximately $84 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in early 2020. Announcement Date: 6/25/2019
Altran Technologies SA (ALT FP-€13.95-Paris) agreed to be acquired by Capgemini SE (CAP FP-€109.35-Paris). Altran Technologies offers engineering consulting services in France, other European countries, the Americas, and Asia. Under terms of the agreement Altran shareholders will receive €14.00 cash per share, valuing the transaction at approximately €4 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close by the end of 2019. Announcement Date: 6/25/2019
Del Frisco’s Restaurant Group, Inc. (DFRG-$7.96-NASDAQ) agreed to be acquired by L Catterton. Del Frisco’s Restaurant Group owns and operates restaurants under the Del Frisco’s Double Eagle Steakhouse, Barcelona Wine Bar, bartaco, and Del Frisco’s Grille brand names. Under terms of the agreement Del Frisco’s shareholders will receive $8.00 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 6/24/2019
NRC Group Holdings Corp. (NRCG-$11.12-NYSE) agreed to be acquired by US Ecology, Inc. (ECOL-$59.54-NASDAQ). NRC Group Holdings provides various environmental, compliance, and waste management services. Under terms of the agreement NRC Group shareholders will receive 0.196 shares of US Ecology common stock per share, valuing the transaction at approximately $500 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2019. Announcement Date: 6/24/2019
PCM, Inc. (PCMI-$35.04-NASDAQ) agreed to be acquired by Insight Enterprises, Inc. (NSIT-$58.20-NASDAQ). PCM is a multi-vendor provider of technology products and solutions in the U.S. and Europe. Under terms of the agreement PCM shareholders will receive $35.00 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2019. Announcement Date: 6/24/2019
Rudolph Technologies, Inc. (RTEC-$27.63-NYSE) agreed to be acquired by Nanometrics, Inc. (NANO-$34.71-NASDAQ). Rudolph Technologies designs and develops process control software systems for microelectronic device manufacturers. Under terms of the agreement Rudolph shareholders will receive 0.8042 shares of Nanometrics common stock per share, valuing the transaction at approximately $800 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second half of 2019. Announcement Date: 6/24/2019
Caesars Entertainment Corp. (CZR-$11.82-NASDAQ) agreed to be acquired by Eldorado Resorts, Inc. (ERI-$46.07-NASDAQ). Caesars Entertainment provides casino-entertainment and hospitality services internationally. Under term of the agreement Caesars shareholders will receive $8.40 cash and 0.0899 shares of Eldorado common stock per share, valuing the transaction at approximately $27 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first half of 2020. Announcement Date: 6/23/2019
BCA Marketplace plc (BCA LN-£2.43-London) received an unsolicited offer to be acquired by TDR Capital. BCA Marketplace owns and operates a used vehicle exchange in Europe. Under terms of the offer BCA shareholders will receive £2.43 cash per share, valuing the transaction at approximately £2 billion. BCA’s Board of Directors is ready to recommend that BCA shareholders accept should TDR announce a firm offer. We continue to monitor the situation. Announcement Date: 6/20/2019
Premier Technical Services Group plc (PTSG LN-£2.08-London) agreed to be acquired by Macquarie Group Ltd. (MQG AU-A$125.39-Sydney). Premier Technical Services maintains and repairs permanent façade access equipment, fall arrest and lightning protection systems, and electrical services in the U.K. Under terms of the agreement Premier shareholders will receive £2.10 cash per share, valuing the transaction at approximately £300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in July of 2019. Announcement Date: 6/20/2019
Array BioPharma, Inc. (ARRY-$46.33-NASDAQ) agreed to be acquired by Pfizer, Inc. (PFE-$43.32-NYSE). Array BioPharma focuses on the development of small molecule drugs to treat cancer and other diseases. Under terms of the agreement Array shareholders will receive $48.00 cash per share, valuing the transaction at approximately $11 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second half of 2019. Announcement Date: 6/17/2019
C&J Energy Services, Inc. (CJ-$11.78-NYSE) agreed to be acquired by Keane Group, Inc. (FRAC-$6.72-NYSE). C&J Energy Services provides well construction, completion, and support to oil and gas exploration companies through the U.S. Under terms of the agreement C&J shareholders will receive 1.6149 shares of Keane common stock per share, as well as C&J’s previously declared dividend of $1.00, valuing the transaction at approximately $2 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2019. Announcement Date: 6/17/2019
LegacyTexas Financial Group, Inc. (LTXB-$40.71-NASDAQ) agreed to be acquired by Prosperity Bancshares, Inc. (PB-$66.05-NYSE). LegacyTexas Financial Group offers various banking products and services in the U.S. Under terms of the agreement LegacyTexas shareholders will receive $6.28 cash and 0.528 shares of Prosperity common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2019. Announcement Date: 6/17/2019
Sotheby’s (BID-$58.13-NYSE) agreed to be acquired by Patrick Drahi. Sotheby’s operates as an auctioneer of authenticated fine art, decorative art, jewelry, wine and collectibles internationally. Under terms of the agreement Sotheby’s shareholders will receive $57.00 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 6/17/2019
SCISYS Group plc (SSY LN-£2.50-London) agreed to be acquired by CGI, Inc. (GIB-$76.77-NYSE). SCISYS Group provides IT services to large corporations and public sector organizations internationally. Under terms of the agreement SCISYS shareholders will receive £2.54 cash per share, valuing the transaction at approximately £100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2019. Announcement Date: 6/14/2019
TheStreet, Inc. (TST-$6.13-NASDAQ) agreed to be acquired by TheMaven, Inc. (MVEN-$0.65-OTC). TheStreet provides financial news and information to investors and institutions. Under terms of the agreement TheStreet shareholders will receive a total cash consideration, including payments under a Contingent Value Right (CVR), of $6.19 to $6.47 cash per share, valuing the transaction at approximately $35 million. The transaction is subject to shareholder approval and is expected to close in the third quarter of 2019. Announcement Date: 6/12/2019
Medidata Solutions, Inc. (MDSO-$90.51-NASDAQ) agreed to be acquired by Dassault Systèmes SE (DSY FP-€140.30-Paris). Medidata Solutions provides cloud-based solutions for life sciences. Under terms of the agreement Medidata shareholders will receive $92.25 cash per share, valuing the transaction at approximately $6 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2019. Announcement Date: 6/12/2019
Axel Springer SE (SPR GY-€61.95-Frankfurt) agreed to be acquired by KKR & Co., Inc. (KKR-$25.27-NYSE). Axel Springer is a publishing company offering Classifieds Media, News Media, and Marketing Media. Under terms of the agreement Axel shareholders will receive €63.00 cash per share, valuing the transaction at approximately €7 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval. No closing guidance has been provided, and we continue to monitor the situation. Announcement Date: 6/12/2019
Tableau Software, Inc. (DATA-$166.02-NYSE) agreed to be acquired by salesforce.com, inc. (CRM-$151.73-NYSE). Tableau Software provides business analytics software products. Under terms of the agreement Tableau shareholders will receive 1.103 shares of salesforce.com common stock per share, valuing the transaction at approximately $14 billion. The transaction is subject to the tender of at least a majority of shares of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2019. Announcement Date: 6/10/2019
Barnes & Noble, Inc. (BKS-$6.69-NYSE) agreed to be acquire by Elliott Management Corp. Barnes & Noble primarily operates as a bookseller in the U.S. Under terms of the agreement Barnes & Noble shareholders will receive $6.50 cash per share, valuing the transaction at approximately $700 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2019. Announcement Date: 6/07/2019
Stewardship Financial Corp. (SSFN-$15.46-NASDAQ) agreed to be acquired by Columbia Financial, Inc. (CLBK-$15.10-NASDAQ). Stewardship Financial provides various commercial and retail banking products and services for small and medium-sized businesses, professionals, and individuals. Under terms of the agreement Stewardship shareholders will receive $15.75 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 6/07/2019
DNB Financial Corp. (DNBF-$44.47-NASDAQ) agreed to be acquired by S&T Bancorp, Inc. (STBA-$37.48-NASDAQ). DNB Financial provides a range of commercial banking products and services to individuals and small to medium sized businesses. Under terms of the agreement DNB shareholders will receive 1.22 shares of S&T common stock per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 6/05/2019
Australian Unity Office Fund (AOF AU-A$2.94-Sydney) received an unsolicited offer to be acquired by Abacus Property Group (ABP AU-A$4.10-Sydney) and Charter Hall Group (CHC AU-A$10.83-Sydney). Australian Unity Office Fund owns a portfolio of office properties in Sydney, Adelaide, Melbourne, Brisbane, and Canberra, Australia. Under terms of the offer Australian Unity shareholders would receive A$2.95 cash per share, valuing the transaction at approximately A$500 million. The Consortium already owns approximately 20% of outstanding shares of Australian Unity. The proposal is under review as part of Australian Unity’s broader strategy, and we continue to monitor the situation. Announcement Date: 6/04/2019
El Paso Electric Co. (EE-$65.40-NYSE) agreed to be acquired by J.P. Morgan’s Infrastructure Investments Fund. El Paso Electric engages in the generation, transmission, and distribution of electricity in west Texas and southern New Mexico. Under terms of the agreement El Paso shareholders will receive $68.25 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2020. Announcement Date: 6/03/2019
First Sensor AG (SIS GY-€28.05-Frankfurt) agreed to be acquired by TE Connectivity Ltd. (TEL-$95.78-NYSE). First Sensor develops sensor chips, sensor components, sensors, and sensor systems for industrial, medical, and mobility markets. Under terms of the agreement First Sensor shareholders will receive €28.25 cash per share, valuing the transaction at approximately €300 million. The transaction is subject to regulatory approval and is expected to close in the first half of 2020. Announcement Date: 6/03/2019
Sears Hometown and Outlet Stores, Inc. (SHOS-$2.38-NASDAQ) agreed to be acquired by Transform Holdco LLC. Sears Hometown and Outlet Stores sells home appliances, lawn and garden equipment, tools, and hardware in the U.S. Under terms of the agreement Sears Hometown shareholders will receive $2.25 cash per share, valuing the transaction at approximately $50 million. The transaction is subject to regulatory approval and is expected to close in the third quarter of 2019. Announcement Date: 6/03/2019
Cypress Semiconductor Corp. (CY-$22.24-NASDAQ) agreed to be acquired by Infineon Technologies AG (IFX GY-€15.55-Frankfurt). Cypress Semiconductor designs embedded system solutions in the Microcontroller and Connectivity and Memory Products segments. Under terms of the agreement Cypress shareholders will receive $23.85 cash per share, valuing the transaction at approximately $9 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by early 2020. Announcement Date: 6/02/2019
Total System Services, Inc. (TSS-$123.53-NYSE) agreed to be acquired by Global Payments, Inc. (GPN-$154.04-NYSE). Total System Services is a global payments provider offering secure and innovative solutions across the payments spectrum for issuers, merchants, and consumers. Under terms of the agreement Total System shareholders will receive 0.8101 shares of Global Payments common stock per share, valuing the transaction at approximately $25 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2019. Announcement Date: 5/28/2019
Tarsus Group plc (TRS LN-£4.33-London) agreed to be acquired by Charterhouse Capital Partners LLP. Tarsus Group is an integrated media company operating in Europe, the Middle East, Africa, the Americas, and Asia. Under terms of the agreement Tarsus shareholders will receive £4.25 cash per share, valuing the transaction at approximately £600 million. The transaction is subject to shareholder, as well as regulatory approvals. No closing guidance has been provided, and we continue to monitor the situation. Announcement Date: 5/24/2019
A&J Mucklow Group plc (MKLW LN-£6.40-London) agreed to be acquired by LondonMetric Property plc (LMP LN-£2.04-London). A&J Mucklow is a Midlands based property company focusing on the long-term ownership and development of industrial and commercial property. Under terms of the agreement A&J shareholders will receive £2.05 cash and 2.19 shares of LondonMetric common stock per share, valuing the transaction at approximately £400 million. The transaction is subject to approval by shareholders of both companies. No closing guidance has been provided, and we continue to monitor the situation. Announcement Date: 5/23/2019
International Speedway Corp. (ISCA-$44.76-NASDAQ) agreed to be acquired by NASCAR Holdings, Inc. International Speedway promotes motorsports-themed entertainment activities in the U.S. Under terms of the agreement International Speedway shareholders will receive $45.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to the tender of at least a majority of shares outstanding and is expected to close by the end of 2019. Announcement Date: 5/22/2019
Avon Products, Inc. (AVP-$3.76-NYSE) agreed to be acquired by Natura Cosméticos SA (NATU3 BZ-R$59.65-Sao Paolo). Avon Products manufactures and markets beauty products in Europe, the Middle East, Africa, Latin America, and the Asia Pacific. Under terms of the agreement Avon shareholders will receive 0.3 shares of Natura common stock per share, valuing the transaction at approximately $4 billion. Upon closing, Avon common shareholders will own approximately 24% of the combined company. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first quarter of 2020. Announcement Date: 5/22/2019
Acacia Mining plc (ACA LN-£1.57-London) has received an unsolicited offer to be acquired by Barrick Gold Corp. (GOLD-$12.42-NYSE). Acacia Mining mines, processes, and sells gold in Africa. Under terms of the offer Acacia shareholders would receive 0.153 shares of Barrick common stock per share, valuing the transaction at approximately $800 million. The proposal is under review as part of Acacia’s broader strategy, and we continue to monitor the situation. Announcement Date: 5/22/2019
Nuevolution AB (NUE SS-SEK32.30-Stockholm) agreed to be acquired by Amgen, Inc. (AMGN-$166.70-NASDAQ). Nuevolution develops drug treatments for oncology and chronic inflammatory diseases. Under terms of the agreement Nuevolution shareholders will receive SEK 32.50 cash per share, valuing the transaction at approximately SEK 2 billion. The transaction is subject to the tender of at least 90% of shares outstanding and is expected to close in July of 2019. Announcement Date: 5/22/2019
Oriflame Holding AG (ORI SS-SEK222.70-Stockholm) agreed to be acquired by the Jochnick Family. Oriflame manufactures and sells cosmetics and accessories worldwide. Under terms of the agreement Oriflame shareholders will receive SEK 227 cash per share, valuing the transaction at approximately SEK 13 billion. The Jochnick Family already owns approximately 31% of outstanding shares of Oriflame. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close by July 2019. Announcement Date: 5/22/2019
SafeCharge International Group Ltd. (SCH LN-£4.33-London) agreed to be acquired by Nuvei Corp. SafeCharge is a global payments technology company that offers omnichannel payment services, fraud prevention solutions and connection to payment methods. Under terms of the agreement SafeCharge shareholders will receive $5.55 cash per share, valuing the transaction at approximately $900 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the third quarter of 2019. Announcement Date: 5/22/2019
CIRCOR International, Inc. (CIR-$42.26-NYSE) received an unsolicited offer to be acquired by Crane Co. (CR-$76.46-NYSE). CIRCOR designs engineered products and sub-systems worldwide. Under terms of the offer CIRCOR shareholders would receive $45.00 cash per share, valuing the transaction at approximately $2 billion. The proposal is under review as part of CIRCOR’s broader strategy, and we continue to monitor the situation. Announcement Date: 5/21/2019
Teekay Offshore Partners LP (TOO-$1.15-NYSE) received an unsolicited offer to be acquired by Brookfield Business Partners LP (BBU-$37.15-NYSE). Teekay Offshore Partners provides marine transportation, oil production, storage, long-distance towing and offshore installation for the oil industry. Under terms of the offer Teekay shareholders would receive $1.05 cash per share, valuing the transaction at approximately $400 million. The proposal is under review as part of Teekay’s broader strategy, and we continue to monitor the situation. Announcement Date: 5/20/2019
Cray, Inc. (CRAY-$35.01-NASDAQ) agreed to be acquired by Hewlett Packard Enterprise Co. (HPE-$13.72-NYSE). Cray designs and develops computing products for high-performance computing, data analytics, and artificial intelligence markets. Under terms of the agreement Cray shareholders will receive $35.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2020. Announcement Date: 5/17/2019
Atlantic Gold Corp. (AGB CN-C$2.89-Toronto) agreed to be acquired by St. Barbara Ltd. (SBM AU-A$2.56-Sydney). Atlantic Gold is a growth-oriented gold development group that acquires, explores, and develops gold properties in Canada. Under terms of the agreement Atlantic shareholders will receive C$2.90 cash and one share of SpinCo, valued at approximately C$0.05, per share, valuing the transaction at approximately C$800 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in July of 2019. Announcement Date: 5/14/2019
WestJet Airlines Ltd. (WJA CN-C$30.19-Toronto) agreed to be acquired by Onex Corp. (ONEX CN-C$77.09 -Toronto). WestJet Airlines offers scheduled airline services and travel packages, as well as cargo and charter services. Under terms of the agreement WestJet shareholders will receive C$31.00 cash per share, valuing the transaction at approximately C$5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by early 2020. Announcement Date: 5/13/2019
Amber Road, Inc. (AMBR-$12.98-NYSE) agreed to be acquired by E2open. Amber Road provides cloud-based global trade management solutions in the U.S. and internationally. Under terms of the agreement Amber shareholders will receive $13.05 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2019. Announcement Date: 5/13/2019
Buckeye Partners LP (BPL-$40.76-NYSE) agreed to be acquired by IFM Global Infrastructure Fund. Buckeye Partners is a master limited partnership which owns a diversified global network of integrated assets providing midstream logistic solutions. Under terms of the agreement Buckeye shareholders will receive $41.50 cash per share, valuing the transaction at approximately $10 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 5/10/2019
Control4 Corp. (CTRL-$23.66-NASDAQ) agreed to be acquired by SnapAV. Control4 provides automation and networking systems for homes and businesses. Under terms of the agreement Control4 shareholders will receive $23.91 cash per share, valuing the transaction at approximately $700 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2019. Control4 is also permitted to solicit superior bids from parties during a 30 day “go shop” period. Announcement Date: 5/09/2019
EMC Insurance Group, Inc. (EMCI-$36.08-NASDAQ) agreed to be acquired by Employers Mutual Casualty Co. EMC Insurance is an insurance holding company. Under terms of the agreement EMC shareholders will receive $36.00 cash per share, valuing the transaction at approximately $800 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2019. Announcement Date: 5/09/2019
Andeavor Logistics LP (ANDX-$34.88-NYSE) agreed to be acquired by MPLX LP (MPLX-$30.58-NYSE). Andeavor Logistics is a fee-based, full-service midstream logistics company with integrated assets across the western and mid-continent regions of the U.S. Under terms of the agreement Andeavor shareholders will receive 1.135 shares of MPLX common stock per share, valuing the transaction at approximately $9 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2019. Announcement Date: 5/08/2019
Zayo Group Holdings, Inc. (ZAYO-$32.70-NYSE) agreed to be acquired by EQT and Digital Colony Partners. Zayo Group provides mission-critical bandwidth with a 130,000-mile network in North America and Europe. Under terms of the agreement Zayo shareholders will receive $35.00 cash per share, valuing the transaction at approximately $14 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2020. Announcement Date: 5/08/2019
Amplify Energy Corp. (AMPY-$6.10-OTCQX) agreed to be acquired by Midstates Petroleum Company, Inc. (MPO-$6.69-NYSE). Amplify Energy engages in the acquisition, development, exploration, and production of oil and natural gas properties in the Rockies, offshore California, East Texas, North Louisiana, and South Texas. Under terms of the agreement Amplify shareholders will receive 0.933 shares of Midstates common stock per share, valuing the transaction at approximately $700 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2019. Announcement Date: 5/06/2019
Aquantia Corp. (AQ-$13.14-NYSE) agreed to be acquired by Marvell Technology Group Ltd. (MRVL-$22.30-NASDAQ). Aquantia designs and develops advanced, high-speed communications ICs for Ethernet connectivity. Under terms of the agreement Aquantia shareholders will receive $13.25 cash per share, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the end of 2019. Announcement Date: 5/06/2019
Chesapeake Lodging Trust (CHSP-$28.77-NYSE) agreed to be acquired by Park Hotels & Resorts, Inc. (PK-$27.62-NYSE). Chesapeake Lodging Trust is a self-advised lodging real estate investment trust focused primarily on investments in upscale hotels. Under terms of the agreement Chesapeake shareholders will receive $11.00 cash and 0.628 shares of Park Hotels common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third or fourth quarter of 2019. Announcement Date: 5/06/2019
Liberty Tax, Inc. (TAXA-$10.00-OTC) received an unsolicited offer to be acquired by Vintage Capital Management LLC. Liberty Tax is the parent company of Liberty Tax Service and prepared approximately 2 million individual income tax returns in 2018. Under terms of the offer Liberty shareholders would receive $12.00 cash per share, valuing the transaction at approximately $200 million. The proposal is under review as part of Liberty’s broader strategy, and we continue to monitor the situation. Announcement Date: 5/06/2019
Kidman Resources Ltd. (KDR AU-A$1.88-Sydney) received an offer to be acquired by Wesfarmers Ltd. (WES AU-A$37.05-Sydney). Kidman Resources explores for and develops base meals and rare earth deposits in Australia. Under terms of the offer Kidman shareholders would receive A$1.90 cash per share, valuing the transaction at approximately A$800 million. The transaction would be subject to shareholder, as well as regulatory approvals and is under review as part of Kidman’s broader strategy. Announcement Date: 5/02/2019
Spectrum ASA (SPU NO-NOK61.70-Oslo) agreed to be acquired by TGS-NOPEC Geophysical Co. ASA (TGS NO-NOK219.30-Oslo). Spectrum produces multi-client seismic surveys and seismic data imaging in the oil and gas market. Under terms of the agreement Spectrum shareholders will receive $0.075 cash and 0.28 shares of TGS common stock per share, valuing the transaction at approximately NOK 3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2019. Announcement Date: 5/02/2019
WageWorks, Inc. (WAGE-$48.79-NYSE) has received an unsolicited offer to be acquired by HealthEquity, Inc. (HQY-$67.75-NASDAQ). WageWorks administers consumer-directed benefits which empower employees to save money on taxes, as well as provides corporate tax advantages for employers in the U.S. Under terms of the offer WageWorks shareholders would receive $50.50 cash per share, valuing the transaction at approximately $2 billion. The proposal is under review as part of WageWorks’ broader strategy, and we continue to monitor the situation. Announcement Date: 04/30/2019
Independent News & Media plc (INM ID-€0.103-Ireland) agreed to be acquired by Mediahuis NV. Independent News & Media primarily publishes and distributes newspapers in Ireland. Under terms of the agreement Independent News shareholders will receive €0.105 cash per share, valuing the transaction at approximately €150 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2019. Announcement Date: 04/30/2019
Parques Reunidos Servicios Centrales SA (PQR SM-€13.90-Madrid) agreed to be acquired by Piolin BidCo. Parques Reunidos operates leisure parks, theme parks, zoos and other attractions across Europe, the Americas, and the Middle East. Under terms of the agreement Parques shareholders will receive €14.00 cash per share, valuing the transaction at approximately €1 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close mid-2019. Announcement Date: 04/26/2019
Aratana Therapeutics, Inc. (PETX-$4.70-NASDAQ) agreed to be acquired by Elanco Animal Health Inc. (ELAN-$31.50-NYSE). Aratana Therapeutics is a pet therapeutics company focused on developing and commercializing innovative therapeutics for dogs and cats. Under terms of the agreement Aratana shareholders will receive 0.1481 shares of Elanco common stock per share, valuing the transaction at approximately $200 million. The agreement also includes a Contingent Value Right of $0.25 per share which will be paid if capromorelin achieves certain sales levels on or before the end of 2021. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close mid-2019. Announcement Date: 04/26/2019
SORL Auto Parts, Inc. (SORL-$3.71-NASDAQ) has received an unsolicited offer to be acquired by a CEO Consortium. SORL Auto Parts develops, manufactures, and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers in China. Under terms of the agreement SORL shareholders will receive $4.26 cash per share, valuing the transaction at approximately $100 million. The Consortium already owns approximately 58.9% of outstanding shares of SORL. The proposal is under review as part of SORL’s broader strategy, and we continue to monitor the situation. Announcement Date: 04/26/2019
KCOM Group plc (KCOM LN-£0.98-London) agreed to be acquired by USSL. KCOM Group provides communication and Internet-based services to enterprises, public sector organizations, and residential consumers in the U.K. Under terms of the agreement KCOM shareholders will receive £0.97 cash per share, valuing the transaction at approximately £500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close mid-2019. Announcement Date: 04/24/2019
Speedway Motorsports, Inc. (TRK-$18.35-NYSE) has received an unsolicited offer to be acquired by Sonic Financial Corp. Speedway Motorsports is a marketer and promoter of motorsports entertainment in the U.S. Under terms of the offer Speedway shareholders would receive $18.00 cash per share, valuing the transaction at approximately $700 million. The proposal is under review as part of Speedway’s broader strategy, and we continue to monitor the situation. Announcement Date: 04/24/2019
Anadarko Petroleum Corp. (APC-$72.85-NYSE) received an unsolicited offer to be acquired by Occidental Petroleum Corp. (OXY-$58.88-NYSE). Anadarko Petroleum explores for and produces oil, natural gas, and natural gas liquids. Under terms of the offer Anadarko shareholders would receive $38.00 cash and 0.6094 shares of Occidental common stock per share, valuing the transaction at approximately $55 billion. Anadarko previously agreed to be acquired by Chevron Corp. (CVX-$120.06-NYSE) on April 12 for $48 billion. Under Chevron’s agreement Anadarko shareholders would receive $16.25 cash and 0.3869 shares of Chevron common stock per share. Both proposals are under review as part of Anadarko’s broader strategy, and we continue to monitor the situation. Announcement Date: 04/24/2019
Entegra Financial Corp. (ENFC-$29.50-NASDAQ) agreed to be acquired by First Citizens BancShares, Inc. (FCNCA-$448.25-NASDAQ). Entegra is the holding company of Entegra Bank which operates 18 branches located throughout Western North Carolina, Upstate South Carolina, and North Georgia. Under terms of the agreement Entegra shareholders will receive $30.18 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2019. Announcement Date: 04/24/2019
KeyW Holding Corp. (KEYW-$11.34-NASDAQ) agreed to be acquired by Jacobs Engineering Group, Inc. (JEC-$77.94-NYSE). KeyW provides national security solutions to the Intelligence, Cyber, and Counterterrorism communities. Under terms of the agreement KeyW shareholders will receive $11.25 cash per share, valuing the transaction at approximately $800 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close by the end of August 2019. Announcement Date: 04/22/2019
Smart & Final Stores, Inc. (SFS-$6.53-NYSE) agreed to be acquired by Apollo Global Management LLC. Smart & Final is a value-oriented food retailer operating 257 stores across the Northwest and Pacific Coast. Under terms of the agreement Smart & Final shareholders will receive $6.50 cash per share, valuing the transaction at approximately $500 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close by the third quarter of 2019. Announcement Date: 04/16/2019
DuluxGroup Ltd. (DLX AU-A$9.75-Sydney) agreed to be acquired by Nippon Paint Holdings Co. Ltd. (4612 JP-¥4,215-Tokyo). DuluxGroup markets and manufactures premium branded products, primarily in the home improvement market in Australia and New Zealand. Under terms of the agreement DuluxGroup shareholders will receive A$9.80 cash per share, valuing the transaction at approximately A$4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in August 2019. Announcement Date: 04/16/2019
Advanced Disposal Services, Inc. (ADSW-$32.34-NYSE) agreed to be acquired by Waste Management, Inc. (WM-$107.34-NYSE). Advanced Disposal Services is the fourth largest solid waste company in the U.S. and provides integrated, non-hazardous solid waste collection, recycling and disposal services. Under terms of the agreement Advanced Disposal shareholders will receive $33.15 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the first quarter of 2020. Announcement Date: 04/15/2019
Electronics for Imaging, Inc. (EFII-$37.19-NASDAQ) agreed to be acquired by Siris Capital Group LLC. Electronics for Imaging provides industrial format display graphics, corrugated packaging and display, textile, and ceramic tile decoration digital inkjet printers worldwide. Under terms of the agreement Electronics for Imaging shareholders will receive $37.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2019. Electronics for Imaging is also permitted to solicit superior bids from parties during a 45 day “go shop” period. Announcement Date: 04/15/2019
HomeFed Corp. (HOFD-$39.25-OTCMKTS) agreed to be acquired by Jefferies Financial Group, Inc. (JEF-$20.57-NYSE). HomeFed is a developer and owner of residential and missed-use real estate properties in California and New York. Under terms of the agreement HomeFed shareholders will have the option to receive $38.00 cash or $42.00 worth of Jefferies common stock per share, subject to proration, valuing the transaction at approximately $700 million. Jefferies already owns approximately 70% of outstanding shares of HomeFed. The transaction is subject to shareholder approval and is expected to close in the third quarter of 2019. Announcement Date: 04/15/2019
Versum Materials, Inc. (VSM-$52.18-NYSE) agreed to be acquired by Merck KGaA (MRK GY-€95.06-Frankfurt). Versum Materials develops, transports, and handles specialty materials for the semiconductor and display industries. Under terms of the agreement Versum shareholders will receive $53.00 cash per share, valuing the transaction at approximately $6 billion. Merck previously proposed $48.00 in February 2019 and subsequently raised the offer price in April, resulting in Versum accepting the offer and terminating their merger agreement with Entegris, Inc. (ENTG-$40.86-NASDAQ). The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2019. Announcement Date: 04/12/2019
Papa Murphy’s Holdings, Inc. (FRSH-$6.47-NASDAQ) agreed to be acquired by MTY Food Group, Inc. (MTY CN-C$55.35-Toronto). Papa Murphy’s is the owner and franchiser of the Take ‘n’ Bake pizza brand and is the fifth largest pizza chain in the U.S. Under terms of the agreement Papa Murphy’s shareholders will receive $6.45 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2019. Announcement Date: 04/11/2019
Koninklijke Wessanen NV (WES NA-€11.56-Amsterdam) agreed to be acquired by a Consortium of Investors led by PAI Partners SAS. Koninklijke Wessanen operates in the European market for healthy, organic, and sustainable food. Under terms of the agreement Koninklijke shareholders will receive €11.50 cash per share, valuing the transaction at approximately €900 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second half of 2019. Announcement Date: 04/10/2019
Global Brass and Copper Holdings, Inc. (BRSS-$43.39-NYSE) agreed to be acquired by Wieland-werke AG. Global Brass and Copper is a value-added converter, fabricator, processor and distributor of specialized non-ferrous products in North America. Under terms of the agreement Global Brass shareholders will receive $44.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2019. Announcement Date: 04/10/2019
Crown Resorts Ltd. (CWN AU-A$13.29-Sydney) has received an unsolicited offer to be acquired by Wynn Resorts Ltd. (WYNN-$144.45-NASDAQ). Crown Resorts operates in the entertainment industry primarily in Australia. Under terms of the offer Crown shareholders would receive A$14.75 in equal parts cash and stock, valuing the transaction at approximately A$14 billion. The proposal is under review as part of Crown’s broader strategy, and we continue to monitor the situation. Announcement Date: 04/09/2019
DNA Oyj (DNA FH-€21.22-Helsinki) agreed to be acquired by Telenor ASA (TEL NO-NOK173.20-Oslo). DNA is an integrated fixed and mobile telecom operator in Finland. Under terms of the agreement DNA shareholders will receive €20.90 cash per share, valuing the transaction at approximately €3 billion. Telenor will first acquire the main shareholders’ stakes, triggering a mandatory tender for the remaining outstanding shares. The transaction is expected to close in the third quarter of 2019. Announcement Date: 04/09/2019
J. Alexander’s Holdings, Inc. (JAX-$10.99-NYSE) has received an unsolicited offer to be acquired by Ancora Advisors. J. Alexander’s, through its subsidiaries, owns and operates upscale dining restaurants in the U.S., including J. Alexander’s, Redlands Grill, Overland Park Grill, and River Steakhouse and Grill. Under terms of the offer J. Alexander’s shareholders would receive $11.75 cash per share, valuing the transaction at approximately $200 million. The proposal is under review as part of J. Alexander’s broader strategy, and we continue to monitor the situation. Announcement Date: 04/08/2019
BSM Technologies, Inc. (GPS CN-C$1.39-Toronto) agreed to be acquired by Geotab. BSM Technologies provides global positioning system fleet and asset management solutions. Under terms of the agreement BSM shareholders will receive C$1.40 cash per share, valuing the transaction at approximately C$100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2019. Announcement Date: 04/08/2019
Lighthouse Group plc (LGT LN-£0.33-London) agreed to be acquired by Quilter plc (QLT LN-£1.48-London). Lighthouse Group provides financial advice to retail and corporate customers, and regulatory authorization to financial advisers in the U.K. Under terms of the agreement Lighthouse shareholders will receive £0.33 cash per share, valuing the transaction at approximately £50 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2019. Announcement Date: 04/03/2019
AmeriGas Partners LP (APU-$36.26-NYSE) agreed to be acquired by UGI Corp. (UGI-$54.51-NYSE). AmeriGas Partners is the largest retail propane marketer in the U.S. Under terms of the agreement AmeriGas shareholders will have the option to receive $35.33 cash, 0.6378 shares of UGI common stock per share, or a combination of $7.63 cash and 0.50 shares of UGI common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2019. Announcement Date: 04/02/2019
Panalpina Welttransport Holding AG (PWTN SW-CHF218.80-Switzerland) agreed to be acquired by DSV A/S (DSV DC-DKK615.00-Copenhagen). Panalpina provides air and ocean freight and logistics services. Under terms of the agreement Panalpina shareholders will receive 2.375 shares of DSV common stock per share, valuing the transaction at approximately CHF 5 billion. DSV previously proposed CHF 55.00 cash and 1.58 shares of DSV common stock per share in January 2019 and revised the offer in February, both of which Panalpina rejected. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the fourth quarter of 2019. Announcement Date: 04/01/2019
WABCO Holdings, Inc. (WBC-$131.83-NYSE) agreed to be acquired by ZF Group. WABCO Holdings supplies electronic, mechanical, electro-mechanical, and aerodynamic products worldwide. Under terms of the agreement WABCO shareholders will receive $136.50 cash per share, valuing the transaction at approximately $7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in early 2020. Announcement Date: 03/28/2019
WellCare Health Plans, Inc. (WCG-$269.75-NYSE) agreed to be acquired by Centene Corp. (CNC-$53.10-NYSE). WellCare Health Plans provides government-sponsored managed care services. Under terms of the agreement WellCare shareholders will receive $120.00 cash and 3.38 shares of Centene common stock per share, valuing the transaction at approximately $17 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first half of 2020. Announcement Date: 03/27/2019
Quantenna Communications, Inc. (QTNA-$24.33-NASDAQ) agreed to be acquired by ON Semiconductor Corp. (ON-$20.57-NASDAQ). Quantenna designs, develops, and markets wireless communication solutions enabling wireless local area networking. Under terms of the agreement Quantenna shareholders will receive $24.50 cash per share, valuing the transaction at approximately $900 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2019. Announcement Date: 03/27/2019
Valener, Inc. (VNR CN-C$26.15-Toronto) agreed to be acquired by Noverco, Inc. Valener is a natural gas business in Canada and the U.S. that operates in two segments, energy and electricity distribution. Under terms of the agreement Valener shareholders will receive C$26.00 cash per share, valuing the transaction at approximately C$1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the next 6 months. Announcement Date: 03/27/2019
TIER REIT, Inc. (TIER-$28.66-NYSE) agreed to be acquired by Cousins Properties, Inc. (CUZ-$9.66-NYSE). TIER REIT is a Dallas-based real estate investment trust focused on owning commercial office properties in dynamic markets throughout the U.S. Under terms of the agreement TIER shareholders will receive 2.98 shares of Cousins common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the third quarter of 2019. Announcement Date: 03/25/2019
Gluskin Sheff + Associates, Inc. (GS CN-C$14.35-Toronto) agreed to be acquired by Onex Corp. (ONEX CN-C$75.38-Toronto). Gluskin Sheff + Associates is an investment manager that also provides wealth management services. Under terms of the agreement Gluskin shareholders will receive C$14.25 cash per share, valuing the transaction at approximately C$450 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2019. Announcement Date: 03/25/2019
Inmarsat plc (ISAT LN-£5.55-London) agreed to be acquired by a Consortium of Private Equity Buyers. Inmarsat provides mobile satellite communications services on land, at sea, and in the air. Under terms of the agreement Inmarsat shareholders will receive $7.09 cash per share, as well as Inmarsat’s previously declared dividend of $0.12, for a $7.21 total per share deal consideration. The transaction is valued at approximately £3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2019. Announcement Date: 03/25/2019
Stallergenes Greer plc (STAGR FP-€36.50-Paris) agreed to be acquired by Waypoint Group. Stallergenes Greer is a biopharmaceutical company that engages in the diagnosis and treatment of allergies. Under terms of the agreement Stallergenes shareholders will receive €37.00 cash per share, valuing the transaction at approximately €700 million. The transaction is subject to the tender of at least 75% of shares outstanding and is expected to close in May of 2019. Announcement Date: 03/21/2019
HFF, Inc. (HF-$47.75-NYSE) agreed to be acquired by Jones Lang LaSalle Incorporated (JLL-$154.18-NYSE). HFF is a full-service commercial real estate financial intermediary that provides commercial real estate and capital markets services to both the consumer and providers of capital in the commercial real estate sector. Under terms of the agreement HFF shareholders will receive $24.63 cash and 0.1505 shares of Jones Lang LaSalle common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2019. Announcement Date: 03/19/2019
American Midstream Partners LP (AMID-$5.17-NYSE) agreed to be acquired by ArcLight Energy Partners Fund V LP. American Midstream Partners is a limited partnership formed to provide critical midstream infrastructure that links natural gas, crude oil, and specialty chemical producers to end-use markets. Under terms of the agreement American Midstream shareholders will receive $5.25 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to written consent from the Partnership’s leaders, as well as regulatory approval and is expected to close in the second quarter of 2019. Announcement Date: 03/18/2019
Worldpay, Inc. (WP-$113.50-NYSE) agreed to be acquired by Fidelity National Information Services, Inc. (FIS-$113.10-NYSE). Worldpay is a payments technology company with a comprehensive suite of products and services. Under terms of the agreement Worldpay shareholders will receive $11.00 cash and 0.9287 shares of Fidelity National common stock per share, valuing the transaction at approximately $43 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second half of 2019. Announcement Date: 03/18/2019
Oaktree Capital Group LLC (OAK-$49.65-NYSE) agreed to be acquired by Brookfield Asset Management, Inc. (BAM-$46.65-NYSE). Oaktree is an investment manager specializing in alternative investments with approximately $120 billion in assets under management at the end of 2018. Under terms of the agreement Oaktree shareholders will have the option to receive, on a pro-rated basis, $49.00 cash or 1.0770 shares of Brookfield Class A stock per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2019. Announcement Date: 03/13/2019
Osiris Therapeutics, Inc. (OSIR-$19.00-NASDAQ) agreed to be acquired by Smith & Nephew plc (SNN-$40.11-NYSE). Osiris researches, develops, and manufactures regenerative medicine products intended to improve the health of patients and lower overall healthcare costs. Under terms of the agreement Osiris shareholders will receive $19.00 cash per share, valuing the transaction at approximately $700 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the second quarter of 2019. Announcement Date: 03/12/2019
Acando AB (ACANB SS-SEK41.30-Stockholm) agreed to be acquired by CGI Group, Inc. (GIB-$68.76-NYSE). Acando offers consulting services in Sweden, Norway, Germany, and internationally. Under terms of the agreement Acando shareholders will receive SEK 41.45 cash per share, valuing the transaction at approximately SEK 4 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval and is expected to close in the April of 2019. Announcement Date: 03/11/2019
Mellanox Technologies Ltd. (MLNX-$118.36-NASDAQ) agreed to be acquired by NVIDIA Corp. (NVDA-$179.56-NASDAQ). Mellanox supplies end-to-end Ethernet and InfiniBand smart interconnect solutions and services for servers and storage. Under terms of the agreement Mellanox shareholders will receive $125.00 cash per share, valuing the transaction at approximately $7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the end of 2019. Announcement Date: 03/11/2019
Bluegreen Vacations Corp. (BXG-$14.86-NYSE) agreed to be acquired by BBX Capital Corp. (BBX-$5.92-NYSE). Bluegreen Vacations markets and sells vacation ownership interests and manages resorts in leisure and urban destinations. Under terms of the agreement Bluegreen shareholders will receive $16.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is a short-form merger as BBX Capital already owns approximately 90% of Bluegreen and thus no approvals are required. Announcement Date: 03/04/2019
Nightstar Therapeutics plc (NITE-$25.37-NASDAQ) agreed to be acquired by Biogen, Inc. (BIIB-$236.38-NASDAQ). Nightstar is a clinical-stage gene therapy company focused on developing and commercializing novel one-time treatments for patients suffering from rare inherited retinal diseases. Under terms of the agreement Nightstar shareholders will receive $25.50 cash per share, valuing the transaction at approximately $900 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close mid-2019. Announcement Date: 03/04/2019
Versum Materials, Inc. (VSM-$49.00-NYSE) has received an unsolicited offer to be acquired by Merck KGaA (MRK GY-€90.78-Frankfurt). Versum Materials develops, transports, and handles specialty materials for the semiconductor and display industries. Under terms of the offer Versum shareholders would receive $48.00 cash per share, valuing the transaction at approximately $5 billion. In January, Versum agreed to be acquired by Entegris (ENTG-$35.33-NASDAQ) in an all-stock transaction that values Versum at $4.1 billion. The proposal is under review as part of Versum’s broader strategy, and we continue to monitor the situation. Announcement Date: 02/27/2019
Ruralco Holdings Ltd. (RHL AU-A$4.47-ASX) agreed to be acquired by Nutrien Ltd. (NTR-$54.44-NYSE). Ruralco sells and markets merchandise, fertilizers, and water products to rural customers in Australia. Under terms of the agreement Ruralco shareholders will receive A$4.40 cash per share, valuing the transaction at approximately A$500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in June 2019. Announcement Date: 02/26/2019
Clementia Pharmaceuticals, Inc. (CMTA-$25.83-NASDAQ) agreed to be acquired by Ipsen SA (IPN FP-€121.60-Paris). Clementia Pharmaceuticals is a clinical stage biopharmaceutical company that develops treatments for patients suffering from bone disorders and other diseases. Under terms of the agreement Clementia shareholders will receive $25.00 cash per share, valuing the transaction at approximately $1 billion. The agreement also includes a Contingent Value Right of $6.00 per share, dependent on the FDA’s acceptance of the NDA filing for palovarotene for the treatment of multiple osteochondromas. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2019. Announcement Date: 02/25/2019
Multi-Color Corp. (LABL-$49.85-NASDAQ) agreed to be acquired by Platinum Equity LLC. Multi-Color Corp. provides various label solutions, including pressure sensitive, in-mold, heat transfer, and cut and stack labels. Under terms of the agreement Multi-Color shareholders will receive $50.00 cash per share, valuing the transaction at approximately $2.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2019. Announcement Date: 02/25/2019
Spark Therapeutics, Inc. (ONCE-$113.30-NASDAQ) agreed to be acquired by Roche Holding AG (ROG SW-CHF277.30-Switzerland). Spark Therapeutics develops gene therapy treatments for patients suffering from debilitating genetic diseases. Under terms of the agreement Spark shareholders will receive $114.50 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2019. Announcement Date: 02/25/2019
Dairy Crest Group plc (DCG LN-£6.30-London) agreed to be acquired by Saputo, Inc. (SAP CN-C$42.89-Toronto). Dairy Crest processes and markets branded dairy products in the U.K. and internationally. Under terms of the agreement Dairy Crest shareholders will receive £6.20 cash per share, valuing the transaction at approximately £1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2019. Announcement Date: 02/22/2019
Attunity Ltd. (ATTU-$23.38-NASDAQ) agreed to be acquired by Qlik Technologies. Attunity develops, markets, and sells data integration and Big Data management software solutions. Under terms of the agreement Attunity shareholders will receive $23.50 cash per share, valuing the transaction at approximately $500 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2019. Announcement Date: 02/21/2019
Immune Design Corp. (IMDZ-$5.82-NASDAQ) agreed to be acquired by Merck & Co., Inc. (MRK-$81.29-NYSE). Immune Design Corp is a clinical-stage immunotherapy company that researches and develops in vivo treatments for cancer. Under terms of the agreement Immune Design shareholders will receive $5.85 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2019. Announcement Date: 02/21/2019
NextGenTel Holding ASA (NGT NO-NOK13.85-Oslo) agreed to be acquired by Telecom Holding 3 AS. NextGenTel provides fixed and mobile internet communication services to individuals and small businesses. Under terms of the agreement NextGenTel shareholders will receive NOK 14.00 cash per share, valuing the transaction at approximately NOK 300 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval. No closing guidance has been provided and we continue to monitor the situation. Announcement Date: 02/15/2019
Scout24 AG (G24 GY-€46.30-Frankfurt) agreed to be acquired by Hellman & Friedman Group and Blackstone. Scout24 operates digital marketplaces specializing in the real estate and automotive sectors in Germany and other European countries. Under terms of the agreement Scout24 shareholders will receive €46.00 cash per share, valuing the transaction at approximately €6 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval. No closing guidance has been provided and we continue to monitor the situation. Announcement Date: 02/15/2019
Solium Capital, Inc. (SUM CN-C$19.14-Toronto) agreed to be acquired by Morgan Stanley (MS-$41.98-NYSE). Solium Capital offers cloud-enabled services for administration, financial reporting, and compliance related to equity-based incentive plans. Under terms of the agreement Solium shareholders will receive C$19.15 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2019. Announcement Date: 02/11/2019
SunTrust Banks, Inc. (STI-$64.87-NYSE) agreed to be acquired by BB&T Corp. (BBT-$50.97-NYSE). SunTrust is the holding company for SunTrust Bank which provides various financial services for consumers, businesses, corporations, and institutions in the U.S. Under terms of the agreement SunTrust shareholders will receive 1.295 shares of BB&T common stock per share, valuing the transaction at approximately $70 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the fourth quarter of 2019.
Announcement Date: 02/07/2019
Crius Energy Trust (KWH-U CN-C$8.95-Toronto) agreed to be acquired by Vistra Energy (VST-$26.04-NYSE). Crius Energy sells electricity, natural gas, and solar energy products to residential and commercial customers. Under terms of the agreement Crius shareholders will receive C$7.57 cash per share, as well as Vistra’s previously-declared first quarter distribution of C$0.209, for a C$7.78 total per share deal consideration. The transaction is valued at approximately C$500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2019. Announcement Date: 02/07/2019
SunCoke Energy Partners LP (SXCP-$14.46-NYSE) agreed to be acquired by SunCoke Energy, Inc. (SXC-$9.92-NYSE). SunCoke Energy Partners, the sponsored master limited partnership subsidiary of SunCoke Energy, supplies high-quality coke used in the blast furnace production of steel. Under terms of the agreement SunCoke shareholders will receive 1.40 shares of SunCoke Energy, Inc. common stock per share, valuing the transaction at approximately $700 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close by the third quarter of 2019. Announcement Date: 02/05/2019
Maxwell Technologies, Inc. (MXWL-$4.72-NASDAQ) agreed to be acquired by Tesla, Inc. (TSLA-$319.88-NASDAQ). Maxwell Technologies develops and manufactures innovative, cost-effective energy and power delivery solutions. Under terms of the agreement Maxwell shareholders will receive $4.75 worth of Tesla stock per share, valuing the transaction at approximately $250 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2019. Announcement Date: 02/04/2019
Ultimate Software Group, Inc. (ULTI-$331.50-NASDAQ) agreed to be acquired by Hellman & Friedman Group. Ultimate Software provides cloud-based human capital management and employee experience solutions. Under terms of the agreement Ultimate Software shareholders will receive $331.50 cash per share, valuing the transaction at approximately $11 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close mid-2019. Ultimate Software is also permitted to solicit superior bids from parties during a 50 day “go shop” period. Announcement Date: 02/04/2019
TCF Financial Corp. (TCF-$22.16-NYSE) agreed to be acquired by Chemical Financial Corp. (CHFC-$44.46-NASDAQ). TCF Financial is a Wayzata, Minnesota-based national bank holding company with 314 bank branches located across the Midwest offering retail and commercial banking services. Under terms of the agreement TCF shareholders will receive 0.5081 shares of Chemical Financial common stock per share, valuing the transaction at approximately $4 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close by the fourth quarter of 2019. Announcement Date: 01/28/2019
Versum Materials, Inc. (VSM-$36.77-NYSE) agreed to be acquired by Entegris, Inc. (ENTG-$33.05-NASDAQ). Versum Materials offers high-purity chemicals and gases, delivery systems, services and materials expertise to meet the needs of the global semiconductor and display industries. Under terms of the agreement Versum shareholders will receive 1.12 shares of Entegris common stock per share, valuing the transaction at approximately $4 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second half of 2019. Announcement Date: 01/28/2019
RPC Group plc (RPC LN-£7.95-London) agreed to be acquired by Apollo Global Management LLC (APO-$29.28-NYSE). RPC is a global plastic product design and engineering company. Under terms of the agreement RPC shareholders will receive £7.82 cash per share, valuing the transaction at approximately £3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2019. Announcement Date: 01/23/2019
ZCL Composites, Inc. (ZCL CN-C$9.92-Toronto) agreed to be acquired by Shawcor Ltd. (SCL CN-C$20.27-Toronto). ZCL Composites is the largest North American manufacturer of environmentally friendly fiberglass reinforced plastic underground storage tanks for the fuel, water and wastewater, and oil and gas markets. Under terms of the agreement ZCL shareholders will receive C$10.00 cash per share, valuing the transaction at approximately C$300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2019. Announcement Date: 01/20/2019
Panalpina Welttransport Holding AG (PWTN SW-CHF174.60-Switzerland) received an unsolicited offer to be acquired by DSV A/S (DSV DC-DKK519.40-Copenhagen). Panalpina provides air and ocean freight and logistics services. Under terms of the offer Panalpina shareholders would receive CHF 55.00 cash and 1.58 shares of DSV common stock per share, valuing the transaction at approximately CHF 4 billion. The proposal is under review as part of Panalpina’s broader strategy, and we continue to monitor the situation. Announcement Date: 01/16/2019
First Data Corp. (FDC-$24.65-NYSE) agreed to be acquired by Fiserv, Inc. (FISV-$82.93-NASDAQ). First Data provides electronic commerce solutions for merchants, financial institutions, and card issuers. Under terms of the agreement First Data shareholders will receive 0.303 shares of Fiserv common stock per share, valuing the transaction at approximately $38 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second half of 2019. Announcement Date: 01/16/2019
Gannett Co., Inc. (GCI-$11.09-NYSE) received an unsolicited offer to be acquired by MNG Enterprises, Inc. Gannett is a digitally focused media and marketing solutions company. Under terms of the offer, Gannett shareholders would receive $12.00 cash per share, valuing the transaction at approximately $2 billion. The proposal is under review as part of Gannett’s broader strategy, and we continue to monitor the situation. Announcement Date: 01/14/2019
Goldcorp, Inc. (GG-$11.19-NYSE) agreed to be acquired by Newmont Mining Corp. (NEM-$34.11-NYSE). Goldcorp acquires, explores for, and develops precious metal properties, primarily gold, silver, zinc and copper deposits, across the Americas. Under terms of the agreement Goldcorp shareholders will receive $0.02 cash and 0.3280 shares of Newmont common stock per share, valuing the transaction at approximately $13 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second quarter of 2019. Announcement Date: 01/14/2019
Loxo Oncology, Inc. (LOXO-$234.60-NASDAQ) agreed to be acquired by Eli Lilly and Co. (LLY-$119.86-NYSE). Loxo Oncology is a biopharmaceutical company that develops medicines for patients with genomically defined cancers. Under terms of the agreement Loxo shareholders will receive $235.00 cash per share, valuing the transaction at approximately $8 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2019. Announcement Date: 01/07/2019
Luxoft Holding, Inc. (LXFT-$58.03-NYSE) agreed to be acquired by DXC Technology Co. (DXC-$64.12-NYSE). Luxoft provides bespoke technology solutions to customers in 22 countries through strategy, consulting and engineering services. Under terms of the agreement Luxoft shareholders will receive $59.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by June 2019. Announcement Date: 01/07/2019
Celgene Corp. (CELG-$88.46-NASDAQ) agreed to be acquired by Bristol-Myers Squibb Co. (BMY-$49.37-NYSE). Celgene is an integrated global biopharmaceutical company engaged in the discovery, development and commercialization of innovative cancer therapies. Under terms of the agreement Celgene shareholders will receive $50.00 cash and 1.0 share of Bristol-Myers common stock per share, valuing the transaction at approximately $89 billion. The agreement also includes a Contingent Value Right of $9.00 per share, dependent on the U.S. FDA’s approval of Celgene’s ozanimod, liso-cel and bb2121 drugs. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the third quarter of 2019. Announcement Date: 01/03/2019
MedEquities Realty Trust, Inc. (MRT-$11.57-NYSE) agreed to be acquired by Omega Healthcare Investors, Inc. (OHI-$40.19-NYSE). MedEquities invests in healthcare properties and healthcare-related real estate debt investments. Under terms of the agreement MedEquities shareholders will receive $2.00 cash and 0.235 shares of Omega common stock per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2019. Announcement Date: 01/02/2019
Nice S.p.A (NICE IM-€3.49-Milan) has received an offer to be acquired by Nice Group S.p.A. Nice designs home and building automation systems. Under terms of the offer Nice shareholders would receive €3.50 cash per share, valuing the transaction at approximately €400 million. Nice Group is required to extend an offer as the group currently owns over 90% of Nice. The transaction would result in Nice being delisted. Announcement Date: 12/27/2018
Earthport plc (EPO LN-₤0.28-London) agreed to be acquired by Visa, Inc. (V-$131.94-NYSE). Earthport offers cross-border payment services in the U.K. and internationally. Under terms of the agreement Earthport shareholders will receive ₤0.30 cash per share, valuing the transaction at approximately ₤200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by June 2019. Announcement Date: 12/27/2018
MINDBODY, Inc. (MB-$36.40-NASDAQ) agreed to be acquired by Vista Equity Partners. MINDBODY offers cloud-based business management software and payments platforms to the wellness services industry. Under terms of the agreement MINDBODY shareholders will receive $36.50 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement Date: 12/24/2018
Oslo Bors VPS Holding ASA (OSLO NS-NOK139.00-Oslo) received an unsolicited offer to be acquired by Euronext NV (ENX FP-€50.30-Paris). Oslo Bors operates and develops marketplaces for the listing and trading of securities in Norway. Under terms of the offer Oslo shareholders would receive NOK 145.00 cash per share, valuing the transaction at approximately NOK 6 billion. The transaction is subject to shareholder, as well as regulatory approvals. The proposal is under review as part of Oslo’s broader strategy, and we continue to monitor the situation. Announcement Date: 12/24/2018
MYOB Group Ltd. (MYO AU-A$3.36-Sydney) agreed to be acquired by KKR & Co., Inc. (KKR-$19.63-NYSE) under revised terms. MYOB Group provides online business management solutions in Australia and New Zealand. Under terms of the agreement MYOB shareholders will receive A$3.40 cash per share, valuing the transaction at approximately A$2 billion. KKR previously proposed A$3.70 in October 2018 and subsequently lowered the offer price in December. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in May 2019. Announcement Date: 12/24/2018
Civitas Solutions, Inc. (CIVI-$17.51-NYSE) agreed to be acquired by Centerbridge Partners LP. Civitas provides home- and community-based health and human services to individuals with disabilities. Under terms of the agreement Civitas shareholders will receive $17.75 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2019. Announcement Date: 12/18/2018
Cherry AB (CHERB SS-SEK86.60-Stockholm) agreed to be acquired by a Consortium of Investors. Cherry is a Sweden-based gaming company that offers online casino and sports betting in addition to managing traditional casino games in Swedish establishments. Under terms of the agreement Cherry shareholders will receive SEK 87.00 cash per share, valuing the transaction at approximately SEK 10 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in January 2019. Announcement Date: 12/18/2018
Fidelity Southern Corp. (LION-$26.02-NASDAQ) agreed to be acquired by Ameris Bancorp (ABCB-$31.67-NASDAQ). Fidelity Southern Corporation, through its operating subsidiary, Fidelity Bank, provides a range of banking, mortgage, and investment services in Georgia and Florida. Under terms of the agreement Fidelity shareholders will receive 0.80 shares of Ameris common stock per share, valuing the transaction at approximately $900 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the second quarter of 2019. Announcement Date: 12/17/2018
BinckBank NV (BINCK NA-€6.09-Amsterdam) agreed to be acquired by Saxo Bank. BinckBank provides online brokerage services to private and professional investors. Under terms of the agreement BinckBank shareholders will receive €6.35 cash per share, valuing the transaction at approximately €400 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the third quarter of 2019. Announcement Date: 12/17/2018
Belmond Ltd. (BEL-$25.03-NYSE) agreed to be acquired by LVMH Moët Hennessy Louis Vuitton SE (MC FP-€258.20-Paris). Belmond owns, partly-owns, or manages 46 international luxury hotels, restaurants, train and river cruise properties. Under terms of the agreement Belmond shareholders will receive $25.00 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2019. Announcement Date: 12/14/2018
Sparton Corp. (SPA-$18.19-NYSE) agreed to be acquired by Cerberus Capital Management. Sparton provides complex electromechanical devices to the medical & biotechnological, military & aerospace, and industrial & commercial industries. Under terms of the agreement Sparton shareholders will receive $18.50 cash per share, valuing the transaction at approximately $250 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement Date: 12/12/2018
Ahlsell AB (AHSL SS-SEK52.10-Stockholm) received an unsolicited offer to be acquired by CVC Capital Partners. Ahlsell distributes installation products, tools, and supplies in the Baltic region. Under terms of the offer Ahlsell shareholders would receive SEK 55.00 cash per share, valuing the transaction at approximately SEK 32 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approval and would be expected to close in February of 2019. The proposal is under review as part of Ahlsell’s broader strategy, and we continue to monitor the situation. Announcement Date: 12/11/2018
Pöyry plc (POY1V HE-€10.40-Helsinki) agreed to be acquired by ÅF AB (AF-B SS-SEK160.40-Stockholm). Pöyry is an international consulting and engineering company that offers solutions across power generation, transmission & distribution, mining, and infrastructure. Under terms of the agreement Pöyry shareholders will receive €10.20 cash per share, valuing the transaction at approximately €600 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2019. Announcement Date: 12/10/2018
Nutrisystem, Inc. (NTRI-$43.88-NASDAQ) agreed to be acquired by Tivity Health, Inc. (TVTY-$24.81-NASDAQ). Nutrisystem offers a variety of health and wellness and weight management products and services including the Nutrisystem and South Beach Diet brands. Under terms of the agreement Nutrisystem shareholders will receive $38.75 cash and 0.2141 shares of Tivity common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement Date: 12/10/2018
Veritone, Inc. (VERI-$3.80-NASDAQ) received an unsolicited offer to be acquired by Apis Capital Management. Veritone provides artificial intelligence technology for real-time audio and video processing. Under terms of the offer Veritone shareholders would receive $10.26 cash per share, valuing the transaction at approximately $200 million. The proposal is under review as part of Veritone’s broader strategy, and we continue to monitor the situation. Announcement Date: 12/10/2018
Travelport Worldwide Limited (TVPT-$15.62-NYSE) agreed to be acquired by Siris Capital and Evergreen Cost Capital. Travelport operates a travel commerce platform that provides distribution, technology, payment and other solutions to the travel and tourism industry. Under terms of the agreement Travelport shareholders will receive $15.75 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the second quarter of 2019. Announcement Date: 12/10/2018
Amer Sports Corp. (AMEAS FH-€38.37-Helsinki) agreed to be acquired by a Consortium of Investors, including ANTA Sports Products Ltd., FountainVest, Anamered Investments, and Tencent. Amer Sports is a sporting goods company with internationally-recognized brands including Salomon, Peak Performance, Wilson and Precor. Under terms of the agreement Amer shareholders will receive €40.00 cash per share, valuing the transaction at approximately €6 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the second quarter of 2019. Announcement Date: 12/07/2018
AGT Food and Ingredients, Inc. (AGT CN-C$16.64-Toronto) agreed to be acquired by Murad Al-Katib, the company’s CEO, and a Consortium of Investors. AGT processes value-added pulses, staple foods and ingredients and supplies retail packaged and canned foods. Under terms of the agreement AGT shareholders will receive C$18.00 cash per share, valuing the transaction at approximately C$900 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement Date: 12/04/2018
Tesaro, Inc. (TSRO-$74.25-NASDAQ) agreed to be acquired by GlaxoSmithKline plc (GSK-$38.21-NYSE). Tesaro is an oncology-focused biopharmaceutical company that develops treatments for solid tumors. Under terms of the agreement Tesaro shareholders will receive $75.00 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to the tender of at least 50% of shares outstanding, as well as regulatory approval and is expected to close by the first quarter of 2019. Announcement Date: 12/03/2018
Tribune Media Co. (TRCO-$45.38-NYSE) agreed to be acquired by Nexstar Media Group, Inc. (NXST-$78.64-NASDAQ). Tribune Media owns a diverse portfolio of television and digital assets, including over forty owned local television stations, national cable network WGN America, Tribune Studios and other digital properties. Under terms of the agreement Tribune shareholders will receive $46.50 cash per share, valuing the transaction at approximately $7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the third quarter of 2019. Announcement Date: 12/03/2018
GrainCorp Ltd. (GNC AU-A$9.17-Sydney) received an unsolicited offer to be acquired by Long-Term Asset Partners. GrainCorp is an international food ingredients and agribusiness company operating in the grains, malt, and oils segments. Under terms of the offer GrainCorp shareholders would receive A$10.42 cash per share, valuing the transaction at approximately A$3 billion. The proposal is under review as part of GrainCorp’s broader strategy, and we continue to monitor the situation. Announcement Date: 12/03/2018
Bioquell plc (BQE LN-₤5.75-London) agreed to be acquired by Ecolab, Inc. (ECL-$160.49-NYSE). Bioquell offers risk reduction systems and services that protect against biological contaminants. Under terms of the agreement Bioquell shareholders will receive ₤5.90 cash per share, valuing the transaction at approximately ₤100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement Date: 11/29/2018
BSB Bancorp, Inc. (BLMT-$32.83-NASDAQ), a Massachusetts savings bank, agreed to be acquired by People’s United Financial, Inc. (PBCT-$16.86-NASDAQ). Under terms of the agreement BSB shareholders will receive 2.0 shares of People’s United common stock per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the second quarter of 2019. Announcement Date: 11/27/2018
Stendörren Fastigheter AB (STEF-B SS-SEK104.00-Stockholm) agreed to be acquired by EQT Real Estate. Stendörren owns, develops and manages properties primarily in the greater Stockholm area. Under terms of the agreement Stendörren shareholders will receive SEK100.25 cash per share, valuing the transaction at approximately SEK7 billion. The transaction is subject to the tender of at least 50% of shares outstanding, as well as regulatory approvals and is expected to close in early 2019. Announcement Date: 11/27/2018
Dominion Energy Midstream Partners LP (DM-$18.58-NYSE) agreed to be acquired by Dominion Energy, Inc. (D-$74.50-NYSE). Dominion Energy Midstream Partners is a limited partnership with a portfolio of natural gas terminaling, processing, storage, transportation and related assets. Under terms of the agreement Dominion Energy Midstream Partners shareholders will receive 0.2492 shares of Dominion Energy common stock per share, valuing the transaction at approximately $10 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement Date: 11/26/2018
Faroe Petroleum plc (FPM LN-₤1.61-London) received an unsolicited offer to be acquired by DNO ASA (DNO NO-NOK14.43-Oslo). Faroe Petroleum is an independent oil and gas company with exploration, appraisal and production opportunities in Norway and the U.K. Under terms of the offer Faroe shareholders would receive ₤1.52 cash per share, valuing the transaction at approximately ₤500 million. The proposal is under review as part of Faroe’s broader strategic review, and we continue to monitor the situation. Announcement Date: 11/26/2018
National Commerce Corp. (NCOM-$41.34-NASDAQ) agreed to be acquired by CenterState Bank Corp. (CSFL-$25.01-NASDAQ). National Commerce is a financial holding company headquartered in Birmingham, Alabama. Under terms of the agreement National Commerce shareholders will receive 1.65 shares of CenterState common stock per share, valuing the transaction at approximately $800 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval is expected to close in the second quarter of 2019. Announcement Date: 11/26/2018
BTG plc (BTG LN-₤8.35-London) agreed to be acquired by Boston Scientific Corp. (BSX-$37.67-NYSE). BTG develops medical devices used in minimally invasive surgical procedures. Under terms of the agreement BTG shareholders will receive ₤8.40 cash per share, valuing the transaction at approximately ₤3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2019. Announcement Date: 11/20/2018
Resolute Energy Corp. (REN-$35.56-NYSE) agreed to be acquired by Cimarex Energy Co. (XEC-$81.98-NYSE). Resolute Energy acquires and develops unconventional oil and gas properties in the Delaware Basin of the greater-Permian Basin of West Texas. Under terms of the agreement Resolute shareholders will have the option to receive $35.00 cash, 0.3943 shares of Cimarex common stock per share, or a combination of $14.00 cash and 0.2366 shares of Cimarex common stock per share, valuing the transaction at approximately $1.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement Date: 11/19/2018
Tahoe Resources, Inc. (TAHO-$3.51-NYSE) agreed to be acquired by Pan American Silver Corp. (PAAS-$12.90-NASDAQ). Tahoe Resources is a mid-tier precious metals company with a portfolio of mines and projects in Canada, Guatemala, and Peru. Under terms of the agreement Tahoe shareholders will have the option to receive, on a pro-rated basis, $3.40 cash or 0.2403 shares of Pan American common stock per share, valuing the transaction at approximately $1 billion. The agreement also includes a Contingent Value Right of 0.0497 shares of Pan American common stock per share, which will be payable with the first commercial shipment following a restart of operations at Tahoe’s Escobal mine (Guatemala), the third largest silver mine in the world. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first quarter of 2019. Announcement Date: 11/14/2018
athenahealth, Inc. (ATHN-$133.10-NASDAQ) agreed to be acquired by Veritas Capital. athenahealth provides cloud-based software used to manage electronic health records and medical practices. Under terms of the agreement athenahealth shareholders will receive $135.00 cash per share, valuing the transaction at approximately $6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement Date: 11/12/2018
Apptio, Inc. (APTI-$38.16-NASDAQ) agreed to be acquired by Vista Equity Partners. Apptio offers cloud-based business management systems to business and government customers. Under terms of the agreement Apptio shareholders will receive $38.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2019. Apptio is also permitted to solicit superior bids from parties during a 30 day “go-shop” period. Announcement Date: 11/11/2018
Finisar Corp. (FNSR-$23.35-NASDAQ) agreed to be acquired by II-VI Incorporated (IIVI-$37.42-NASDAQ). Finisar provides components and subsystems to networking equipment manufacturers, data center operators, telecom service providers, consumer electronics and automotive companies. Under terms of the agreement Finisar shareholders will receive, on a pro-rated basis, $15.60 cash and 0.2218 shares of II-VI common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close mid-2019. Announcement Date: 11/09/2018
ARRIS International plc (ARRS-$30.90-NASDAQ) agreed to be acquired by CommScope Holding Company, Inc. (COMM-$18.10-NASDAQ). ARRIS manufactures communications equipment and related products that enable broadband and video transmission to customers. Under terms of the agreement ARRIS shareholders will receive $31.75 cash per share, valuing the transaction at approximately $7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2019. Announcement Date: 11/08/2018
Investment Technology Group, Inc. (ITG-$30.13-NYSE) agreed to be acquired by Virtu Financial, Inc. (VIRT-$25.17-NASDAQ). Investment Technology Group is a global technology company that assists brokers and asset managers improve returns for investors. Under terms of the agreement Investment Technology shareholders will receive $30.30 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2019. Announcement Date: 11/07/2018
Bojangles’, Inc. (BOJA-$16.09-NASDAQ) agreed to be acquired by Durational Capital Management & The Jordan Company. Bojangles’ develops, operates, and franchises limited service restaurants in the U.S. Under terms of the agreement Bojangles’ shareholders will receive $16.10 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement Date: 11/06/2018
ConvergeOne Holdings, Inc. (CVON-$12.52-NASDAQ) agreed to be acquired by CVC Capital Partners. ConvergeOne provides collaboration and technology solutions for medium and large enterprises in the U.S. Under terms of the agreement ConvergeOne shareholders will receive $12.50 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approval and is expected to close in the first quarter of 2019. Announcement Date: 11/06/2018
Pacific Biosciences of California, Inc. (PACB-$7.82-NASDAQ) agreed to be acquired by Illumina, Inc. (ILMN-$337.50-NASDAQ). Pacific Biosciences designs, develops, and manufactures genetic sequencing systems. Under terms of the agreement Pacific Biosciences shareholders will receive $8.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close mid-2019. Announcement Date: 11/01/2018
Newfield Exploration Co. (NFX-$16.95-NYSE) agreed to be acquired by Encana Corp. (ECA-$6.72-NYSE). Newfield explores, develops, and produces crude oil, natural gas, and natural gas liquids. Under terms of the agreement Newfield shareholders will receive 2.6719 shares of Encana common stock per share, valuing the transaction at approximately $8 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first quarter of 2019. Announcement Date: 11/01/2018
Mr Green & Co. AB (MRG SS-SEK69.48-Stockholm) agreed to be acquired by William Hill plc (WMH LN-£2.10-London). Mr Green is an iGaming Group operating in 13 markets. Under terms of the agreement Mr Green shareholders will receive SEK 69.00, valuing the transaction at approximately SEK 2 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approvals and is expected to close in January 2018. Announcement Date:10/31/18
LSC Communications, Inc. (LKSD-$9.43-NYSE) agreed to be acquired by Quad/Graphics, Inc. (QUAD-$15.43-NYSE). LSC Communications offers print and digital media solutions to publishers, merchandisers and retailers globally. Under terms of the agreement LSC shareholders will receive 0.625 shares of Quad/Graphics common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close mid-2019. Announcement Date:10/31/18
WildHorse Resource Development Corp. (WRD-$21.21-NYSE) agreed to be acquired by Chesapeake Energy Corp. (CHK-$3.51-NYSE). WildHorse acquires, exploits, develops, and produces oil, natural gas, and natural gas liquid resources. Under terms of the agreement WildHorse shareholders will receive $3.00 cash and 5.336 shares of Chesapeake common stock per share, valuing the transaction at approximately $4 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first half of 2019. Announcement Date:10/30/18
Electro Scientific Industries, Inc. (ESIO-$29.00-NASDAQ) agreed to be acquired by MKS Instruments, Inc. (MKSI-$73.69-NASDAQ). Electro Scientific offers laser-based microfabrication solutions that allow customers to commercialize technology. Under terms of the agreement Electro Scientific shareholders will receive $30.00 cash per share, valuing the transaction at approximately $900 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement Date:10/30/18
Karo Pharma AB (KARO SS-SEK36.95-Stockholm) agreed to be acquired by EQT VIII. Karo Pharma develops and markets products to pharmacies and directly to healthcare providers. Under terms of the agreement Karo Pharma shareholders will receive SEK 36.90 cash per share, valuing the transaction at approximately SEK 9 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approvals. The tender offer expires on December 10, 2018. Announcement Date:10/29/18
Ansaldo STS S.p.A. (STS IM-€12.70-Milan) agreed to be acquired by Hitachi Ltd. (6501 JP-¥3,462-Tokyo). Ansaldo is a contractor, system integrator, and supplier of mass transportation projects for metro and urban railways. Under terms of the agreement Ansaldo shareholders will receive €12.70 cash per share, valuing the transaction at approximately €2 billion. The transaction does not require regulatory or shareholder approvals and is expected to close in the fourth quarter of 2018. Announcement Date:10/29/18
Red Hat, Inc. (RHT-$171.64-NYSE) agreed to be acquired by International Business Machines Corp. (IBM-$115.43-NYSE). Red Hat provides enterprise open source software solutions, delivering high-performing Linux, hybrid cloud, container, and Kubernetes technologies. Under terms of the agreement Red Hat shareholders will receive $190.00 cash per share, valuing the transaction at approximately $32 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2019. Announcement Date:10/28/18
Penn Virginia Corp. (PVAC-$68.78-NASDAQ) agreed to be acquired by Denbury Resources, Inc. (DNR-$3.45-NYSE). Penn Virginia is an oil and gas company that develops and produces oil, NGLs and natural gas in the Eagle Ford shale in South Texas. Under terms of the agreement Penn Virginia shareholders will receive $25.86 cash and 12.4 shares of Denbury common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first quarter of 2019. Announcement Date:10/28/18
Clarion Co. Ltd. (6796 JP-¥2,469-Tokyo) agreed to be acquired by Faurecia S.A. (EO FP-€42.91-Paris). Clarion supplies in-vehicle-infotainment and full digital audio systems, HMI and advanced driver assistance systems, connectivity and cloud-based services. Under terms of the agreement Clarion shareholders will receive ¥2,500 cash per share, valuing the transaction at approximately ¥152 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement Date:10/26/18
Communisis plc (CMS LN-£0.71-London) agreed to be acquired by OSG Group Holdings. Communisis is an integrated business services company that provides digitally enabled solutions for regulated communication and marketing execution. Under terms of the agreement Communisis shareholders will receive £0.71 cash per share, valuing the transaction at approximately £200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in December 2018. Announcement Date:10/23/18
Ci:z Holdings Co. Ltd. (4924 JP-¥5,860-Tokyo) agreed to be acquired by Johnson & Johnson (JNJ-$139.99-NYSE). Ci:z Holdings develops and manufactures cosmetics, health foods, and beauty products. Under terms of the agreement Ci:z shareholders will receive ¥5,900 cash per share, valuing the transaction at approximately ¥300 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in January 2019. Announcement Date:10/23/18
JetPay Corp. (JTPY-$5.04-NASDAQ) agreed to be acquired by NCR Corp. (NCR-$26.85-NYSE). JetPay provides vertically integrated solutions for businesses including card acceptance, processing, and payroll services. Under terms of the agreement JetPay shareholders will receive $5.05 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close by the end of 2018. Announcement Date:10/22/18
Full House Resorts, Inc. (FLL-$2.74-NASDAQ) received an unsolicited offer to be acquired by Z Capital Partners. Full House Resorts develops, owns, and operates casinos and related hospitality and entertainment facilities in the U.S. Under terms of the offer Full House shareholders would receive $1.79 cash per share, valuing the transaction at approximately $200 million. The Full House Board of Directors responded on October 23 that the offer was not in the best interests of the company and its stockholders. We continue to monitor the situation. Announcement Date:10/22/18
EnLink Midstream Partners LP (ENLK-$15.16-NYSE) agreed to be acquired by EnLink Midstream LLC (ENLC-$13.00-NYSE). EnLink Midstream Partners provides integrated midstream services across natural gas, crude oil, condensate, and NGL commodities. Under terms of the agreement EnLink Midstream Partners will receive 1.15 shares of EnLink Midstream LLC common stock per share, valuing the transaction at approximately $11 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement Date:10/22/18
American Railcar Industries, Inc. (ARII-$69.91-NASDAQ) agreed to be acquired by ITE Management LP. American Railcar Industries designs and manufactures hopper and tank railcars. Under terms of the agreement American Railcar shareholders will receive $70.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to regulatory approval and is expected to close in the fourth quarter of 2018. Announcement Date:10/22/18
Valero Energy Partners LP (VLP-$41.98-NYSE) agreed to be acquired by Valero Energy Corp. (VLO-$91.09-NYSE). Valero Energy Partners is a master limited partnership that owns, operates, develops, and acquires crude oil and refined petroleum product pipelines, terminals, and other transportation and logistics assets. Under terms of the agreement Valero shareholders will receive $42.25 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals. Announcement Date:10/18/18
InfraREIT, Inc. (HIFR-$21.02-NYSE) agreed to be acquired by Oncor Electric Delivery Company. InfraREIT is a real estate investment trust that owns and leases rate-regulated electric transmission assets in Texas. Under terms of the agreement InfraREIT shareholders will receive $21.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close mid-2019. InfraREIT is also permitted to solicit superior bids from parties during a 30 day “go-shop” period. Announcement Date:10/18/18
Endocyte, Inc. (ECYT-$23.65-NASDAQ) agreed to be acquired by Novartis AG (NOVN SW-€88.24-Zurich). Endocyte develops targeted therapies for the personalized treatment of cancer. Under terms of the agreement Endocyte shareholders will receive $24.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2019. Announcement Date:10/18/18
SendGrid, Inc. (SEND-$36.32-NYSE) agreed to be acquired by Twilio, Inc. (TWLO-$75.22-NYSE). SendGrid is a digital communications platform that enables businesses to engage with customers via email reliably, effectively and at scale. Under terms of the agreement SendGrid shareholders will receive 0.485 shares of Twilio common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first half of 2019. Announcement Date:10/15/18
Cambium Learning Group, Inc. (ABCD-$14.38-NASDAQ) agreed to be acquired by Veritas Capital. Cambium Learning Group offers educational technology solutions dedicated to helping students reach their potential through individualized instruction. Under terms of the agreement Cambium shareholders will receive $14.50 cash per share, valuing the transaction at approximately $700 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement Date:10/15/18
L3 Technologies, Inc. (LLL-$189.47-NYSE) agreed to be acquired by Harris Corp. (HRS-$148.71-NYSE). L3 Technologies provides global ISR, communications, and electronic systems for military, homeland security and commercial aviation customers. Under terms of the agreement L3 shareholders will receive 1.3 shares of Harris common stock per share, valuing the transaction at approximately $18 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close mid-2019. Announcement Date:10/14/18
Corium International, Inc. (CORI-$12.65-NASDAQ) agreed to be acquired by Gurnet Point LP. Corium International is a commercial-stage biopharmaceutical company focused on the development, manufacturing and commercialization of specialty pharmaceutical products. Under terms of the agreement Corium shareholders will receive $12.50 cash per share, valuing the transaction at approximately $400 million. The agreement also includes a Contingent Value Right of $0.50 per share, dependent on the U.S. FDA’s approval of Corium’s new Alzheimer’s product. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close by the end of 2018. Announcement Date:10/12/18
Esterline Technologies Corp. (ESL-$117.36-NYSE) agreed to be acquired by TransDigm Group Incorp. (TDG-$330.25-NYSE). Esterline Technologies is a supplier to the aerospace and defense industry, specializing in advanced materials, avionics & controls, and sensors & systems. Under terms of the agreement Esterline shareholders will receive $122.50 cash per shares, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2019. Announcement Date:10/10/18
BlackPearl Resources, Inc. (PXX CN-C$1.20-Toronto) agreed to be acquired by International Petroleum Corp. (IPCO SS-SEK39.45-Stockholm). BlackPearl acquires, develops, and produces heavy crude oil, bitumen, and natural gas in Canada. Under terms of the agreement BlackPearl shareholders will receive 0.22 shares of International Petroleum common stock per share, valuing the transaction at approximately C$500 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in December 2018. Announcement Date:10/10/18
Antero Midstream Partners LP (AM-$30.15-NYSE) agreed to be acquired by Antero Midstream GP LP (AMGP-$16.11-NYSE). Antero Midstream Partners owns, operates, and develops midstream energy assets. Under terms of the agreement Antero Midstream Partners shareholders will receive $3.42 cash and 1.635 shares of Antero Midstream GP common stock per share, valuing the transaction at approximately $7 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first quarter of 2019. Announcement Date:10/09/18
Rowan Companies plc (RDC-$15.91-NYSE) agreed to be acquired by Ensco plc (ESV-$7.14-NYSE). Rowan Companies offers contract drilling services with a fleet of 27 offshore drilling units. Under terms of the agreement Rowan shareholders will receive 2.215 shares of Ensco common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first half of 2019. Announcement Date:10/08/18
MYOB Group Ltd. (MYO AU-A$3.37-Sydney) received an unsolicited proposal to be acquired by KKR & Co., Inc. (KKR-$23.65-NYSE). MYOB Group provides online business management solutions in Australia and New Zealand. Under terms of the agreement MYOB shareholders would receive A$3.70 cash per share, valuing the transaction at approximately A$2 billion. KKR already owns 19.9% of MYOB. The proposal is under review as part of MYOB’s broader strategic review, and we continue to monitor the situation. Announcement Date:10/08/18
Trinidad Drilling Ltd. (TDG CN-C$1.66-Toronto) agreed to be acquired by Precision Drilling Corp. (PD CN-C$3.18-Toronto). Trinidad Drilling provides contract drilling in Canada, the U.S., the Middle East, and Mexico. Under terms of the agreement Trinidad shareholders will receive 0.445 shares of Precision common stock per share, valuing the transaction at approximately C$900 million. The Precision offer was deemed superior to the unsolicited C$1.68 cash per share offer made by Ensign Energy Services, Inc. (ESI CN-C$5.13-Toronto) in August. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close by the end of 2018. Announcement Date:10/05/18
Access National Corp. (ANCX-$25.97-NASDAQ) agreed to be acquired by Union Bankshares Corp. (UBSH-$34.14-NASDAQ). Access National is the parent company of Access National Bank and Middleburg Investment Group in Virginia. Under terms of the agreement Access National shareholders will receive 0.75 shares of Union Bankshares common stock per share, valuing the transaction at approximately $800 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first quarter of 2019. Announcement Date:10/05/18
Hortonworks, Inc. (HDP-$17.86-NASDAQ) agreed to be acquired by Cloudera, Inc. (CLDR-$13.76-NYSE). Hortonworks provides enterprise-grade, global data management platforms, services and solutions. Under terms of the agreement Hortonworks shareholders will receive 1.305 shares of Cloudera common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approval and is expected to close in the first quarter of 2019. Announcement Date:10/03/18
American Midstream Partners (AMID-$6.35-NYSE) received an unsolicited offer to be acquired by ArcLight Energy Partners Fund V. American Midstream Partners provides midstream infrastructure that links natural gas and crude oil producers to end-use markets. Under terms of the agreement American Midstream Partners shareholders would receive $6.10 cash per share, valuing the transaction at approximately $2 billion. The proposal is under review as part of American Midstream Partners’ broader strategic review, and we continue to monitor the situation. Announcement date: 09/28/18
Sonic Corp. (SONC-$43.34-NASDAQ) agreed to be acquired by Inspire Brands, Inc. Sonic is the largest drive-in restaurant chain in the U.S. Under terms of the agreement Sonic shareholders will receive $43.50 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 09/25/18
XO Group, Inc. (XOXO-$34.48-NYSE) agreed to be acquired by WeddingWire, Inc. XO Group operates multi-platform brands that provide information, products, and advice concerning weddings and pregnancy. Under terms of the agreement XO shareholders will receive $35.00 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2019. Announcement date: 09/25/18
Randgold Resources Ltd. (GOLD-$70.55-NASDAQ) agreed to be acquired by Barrick Gold Corp. (ABX-$11.08-NYSE). Randgold Resources is a gold mining company operating in Mali. Under terms of the agreement Randgold shareholders will receive 6.128 shares of Barrick common stock per share, valuing the transaction at approximately $6 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement date: 09/24/18
Pandora Media, Inc. (P-$9.51-NYSE) agreed to be acquired by Sirius XM Holdings, Inc. (SIRI-$6.32-NASDAQ). Pandora Media operates a music discovery platform. Under terms of the agreement Pandora shareholders will receive 1.44 shares of Sirius common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2019. Pandora is also permitted to solicit superior bids from parties during a “go-shop” period that ends October 24. Announcement date: 09/24/18
Blue Hills Bancorp, Inc. (BHBK-$24.10-NASDAQ) agreed to be acquired by Independent Bank Corp. (INDB-$82.60-NASDAQ). Blue Hills Bancorp is a full-service, community bank with 11 retail branch offices located throughout Massachusetts. Under terms of the agreement Blue Hills shareholders will receive $5.25 cash and 0.2308 shares of Independent Bank common stock per share, valuing the transaction at approximately $800 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 09/20/18
Mazor Robotics Ltd. (MZOR-$58.32-NASDAQ) agreed to be acquired by Medtronic plc (MDT-$98.37-NYSE). Mazor Robotics manufactures robotic technology and guidance systems for spinal procedures. Under terms of the agreement Mazor shareholders will receive $58.50 cash per share, valuing the transaction at approximately $1 billion. Medtronic has been a Mazor shareholder and strategic partner since 2016, and currently Medtronic owns 11% of Mazor’s common stock. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement date: 09/20/18
Nexeo Solutions, Inc. (NXEO-$12.25-NASDAQ) agreed to be acquired by Univar, Inc. (UNVR-$30.66-NYSE). Nexeo Solutions is a global distributor of chemicals and plastics. Under terms of the agreement Nexeo shareholders will receive $3.29 cash, subject to adjustment at closing, and 0.305 shares of Univar common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the first half of 2019. Announcement date: 09/17/18
Jardine Lloyd Thompson Group plc (JLT LN-£18.96-London) agreed to be acquired by Marsh & McLennan Companies, Inc. (MMC-$82.72-NYSE). Jardine Lloyd Thompson provides insurance, reinsurance and employee benefits related advice, brokerage, and associated services. Under terms of the agreement Jardine shareholders will receive £19.15 cash per share, valuing the transaction at approximately £4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the spring of 2019. Announcement date: 09/15/18
Essendant, Inc. (ESND-$12.82-NASDAQ) agreed to be acquired by Staples under improved terms. Essendant is a national distributor of workplace items. Under terms of the agreement Essendant shareholders will receive $12.80 cash per share, valuing the transaction at approximately $1 billion. The most recent Staples offer was deemed superior to the Reverse Morris Trust proposed by Genuine Parts Company (GPC-$99.40-NYSE) in April. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 09/14/18
Cinnober Financial Technology AB (CINN SS-SEK80.00-Stockholm) agreed to be acquired by Nasdaq, Inc. (NDAQ-$85.80-NASDAQ). Cinnober provides solutions and services to leading trading and clearing venues, including exchanges, clearinghouses, banks, and brokers. Under terms of the agreement Cinnober shareholders will receive SEK 75 cash per share, valuing the transaction at approximately SEK 2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 09/14/18
Invuity, Inc. (IVTY-$7.40-NASDAQ) agreed to be acquired by Stryker Corp. (SYK-$177.68-NYSE). Invuity develops and markets advanced surgical devices for minimally invasive surgery. Under terms of the agreement Invuity shareholders will receive $7.40 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the ¬fourth quarter of 2018. Announcement date: 09/11/18
Engility Holdings, Inc. (EGL-$35.99-NYSE) agreed to be acquired by Science Applications International Corp. (SAIC-$80.60-NYSE). Engility Holdings provides integrated solutions and services, supporting government customers in the defense, federal civilian, intelligence, and space communities. Under terms of the agreement Engility shareholders will receive 0.45 shares of Science Applications common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 09/10/18
Integrated Device Technology, Inc. (IDTI-$47.01-NASDAQ) agreed to be acquired by Renesas Electronics Corp. (6723 T-¥710.00-Tokyo). Integrated Device Technology develops system-level solutions that optimize customers’ applications. Under terms of the agreement Integrated shareholders will receive $49.00 cash per share, valuing the transaction at approximately $6.5 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the first half of 2019. Announcement date: 09/10/18
LaSalle Hotel Properties (LHO-$34.59-NYSE) agreed to be acquired by Pebblebrook Hotel Trust (PEB-$36.37-NYSE) under improved terms. LaSalle is a multi-operator real estate investment trust that owns, redevelops, and repositions upscale, full service hotels across seven states and the District of Columbia. Under terms of the agreement LaSalle shareholders will receive $37.80 cash per share or 0.92 shares of Pebblebrook common stock per share, subject to proration, valuing the transaction at approximately $5 billion. The most recent Pebblebrook offer was deemed superior to the $33.50 cash per share offer made by The Blackstone Group LP (BX-$38.08-NYSE) in May. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 09/09/18
Ocean Rig UDW, Inc. (ORIG-$34.62-NASDAQ) agreed to be acquired by Transocean Ltd. (RIG-$13.95-NYSE). Ocean Rig is an international offshore drilling contractor that specializes in ultra-deepwater and harsh-environment drilling. Under terms of the agreement Ocean Rig shareholders will receive $12.75 cash and 1.6128 shares of Transocean common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement date: 09/04/18
K2M Group Holdings, Inc. (KTWO-$27.34-NASDAQ) agreed to be acquired by Stryker Corp. (SYK-$169.43-NYSE). K2M Group designs and develops complex spine and minimally invasive spine technologies and techniques used by surgeons to treat spinal pathologies. Under terms of the agreement K2M shareholders will receive $27.50 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 08/30/18
Reis, Inc. (REIS-$23.05-NASDAQ) agreed to be acquired by Moody’s Corp. (MCO-$178.02-NYSE). Reis provides commercial real estate market information and analytical tools to real estate professionals. Under terms of the agreement Reis shareholders will receive $23.00 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 08/30/18
Technopolis plc (TPS1V FH-€4.65-Helsinki) agreed to be acquired by Kildare Nordic Acquisitions S.a.r.l. Technopolis provides offices, coworking spaces and accompanying services, such as reception and meeting solutions. Under terms of the agreement Technopolis shareholders will receive €4.65 cash per share, valuing the transaction at approximately €1 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 08/28/18
Aspen Insurance Holdings Ltd. (AHL-$41.15-NYSE) agreed to be acquired by Apollo Global Management, LLC (APO-$34.53-NYSE). Aspen Insurance provides reinsurance and insurance coverage to clients in various domestic and global markets. Under terms of the agreement Aspen shareholders will receive $42.75 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2019. Announcement date: 08/27/18
Blue Ridge Mountain Resources, Inc. (BRMR-$6.03-OTCPK) agreed to be acquired by Eclipse Resources Corp. (ECR-$1.43-NYSE). Blue Ridge is an exploration and production company that acquires, develops, and produces onshore natural gas and natural gas liquids. Under terms of the agreement Blue Ridge shareholders will receive 4.4259 shares of Eclipse common stock per share, valuing the transaction at approximately $800 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 08/27/18
Spectra Energy Partners LP (SEP-$37.96-NYSE) agreed to be acquired by Enbridge, Inc. (ENB-$34.17-NYSE). Spectra Energy Partners owns interests in natural gas and crude oil pipeline and storage facilities. Under terms of the agreement Spectra shareholders will receive 1.111 shares of Enbridge common stock per share, valuing the transaction at approximately $27 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 08/24/18
Navigators Group, Inc. (NAVG-$70.00-NASDAQ) agreed to be acquired by The Hartford Financial Services Group, Inc. (HIG-$50.37-NYSE). The Navigators Group is a global specialty insurance company. Under terms of the agreement Navigators shareholders will receive $70.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2019. Navigators is also permitted to solicit superior bids from parties during a 30 day “go-shop” period. Announcement date: 08/22/18
SodaStream International Ltd. (SODA-$142.75-NASDAQ) agreed to be acquired by PepsiCo, Inc. (PEP-$112.01-NASDAQ). SodaStream manufactures and markets Home Carbonation Systems which allow consumers to transform tap water into sparkling water. Under terms of the agreement SodaStream shareholders will receive $144.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 08/20/18
Zoe’s Kitchen, Inc. (ZOES-$13.70-NYSE) agreed to be acquired by Cava Group, Inc. Zoe’s Kitchen is a fast-casual restaurant group that offers Mediterranean inspired food across its 261 U.S. locations. Under terms of the agreement Zoe’s shareholders will receive $12.75 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Zoe’s is also permitted to solicit superior bids from parties during a 35 day “go-shop” period. Announcement date: 08/17/18
KMG Chemicals, Inc. (KMG-$77.48-NYSE) agreed to be acquired by Cabot Microelectronics Corp. (CCMP-$112.73-NASDAQ). KMG Chemicals produces and distributes specialty chemicals and performance materials for the semiconductor, industrial wood preservation, and pipeline and energy markets. Under terms of the agreement KMG shareholders will receive $55.65 cash and 0.20 shares of Cabot common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 08/15/18
Energen Corp. (EGN-$77.55-NYSE) agreed to be acquired by Diamondback Energy, Inc. (FANG-$121.08-NASDAQ). Energen is an oil and natural gas company operating in the Permian Basin of West Texas and New Mexico. Under terms of the agreement Energen shareholders will receive 0.6442 shares of Diamondback common stock per share, valuing the transaction at approximately $9 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 08/14/18
eSure Group plc (ESUR LN-£2.80-London) received an unsolicited offer to be acquired by Bain Capital Private Equity LP. eSure Group offers motor, home, travel, and pet insurance. Under terms of the agreement eSure shareholders would receive £2.80 cash per share, valuing the transaction at approximately £1 billion. The proposal is under review as part of eSure’s broader strategic review, and we continue to monitor the situation. Announcement date: 08/13/18
Trinidad Drilling Ltd. (TDG CN-C$1.78-Toronto) received an unsolicited offer to be acquired by Ensign Energy Services, Inc. (ESI CN-C$6.69-Toronto). Trinidad Drilling provides contract drilling in Canada, the U.S., the Middle East, and Mexico. Under terms of the proposal Trinidad shareholders would receive C$1.68 cash per share, valuing the transaction at approximately C$1 billion. The proposal is under review as part of Trinidad’s broader strategic review, and we continue to monitor the situation. Announcement date: 08/13/18
Dun & Bradstreet Corp. (DNB-$142.92-NYSE) agreed to be acquired by Cannae Holdings, Inc. (CNNE-$19.44-NYSE) and a Consortium of investors. Dun & Bradstreet uses commercial data, analytics and insights to help companies improve their business performance. Under terms of the agreement Dun & Bradstreet shareholders will receive $145.00 cash per share, valuing the transaction at approximately $7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the end of 2018. Dun & Bradstreet is also permitted to solicit superior bids from parties during a 45 day “go-shop” period. Announcement date: 08/08/18
Bemis Company, Inc. (BMS-$49.28-NYSE) agreed to be acquired by Amcor Limited (AMC AU-A$14.30-Sydney). Bemis Company manufactures flexible and rigid plastic packaging for food, consumer products, medical and pharmaceutical companies. Under terms of the agreement Bemis shareholders will receive 5.1 shares of Amcor common stock per share, valuing the transaction at approximately $6 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement date: 08/06/18
Energy Transfer Partners LP (ETP-$22.55-NYSE) agreed to be acquired by Energy Transfer Equity LP (ETE-$17.50-NYSE). Energy Transfer Partners owns and operates one of the largest portfolios of energy assets in the U.S. Under terms of the agreement Energy Transfer Partners shareholders will receive 1.28 shares of Energy Transfer Equity common stock per share, valuing the transaction at approximately $60 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 08/02/18
Jamba, Inc. (JMBA-$12.98-NASDAQ) agreed to be acquired by Focus Brands, Inc. Jamba owns and franchises Jamba Juice stores, offering smoothies and juices in addition to a variety of other beverages and meal replacements. Under terms of the agreement Jamba shareholders will receive $13.00 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the third quarter of 2018. Announcement date: 08/02/18
EnerCare, Inc. (ECI CN-C$28.95-Toronto) agreed to be acquired by Brookfield Infrastructure Partners LP (BIP-$39.00-NYSE). EnerCare provides residential energy infrastructure, including water heaters, heating, ventilation, air conditioners rentals, as well as other home services. Under terms of the agreement EnerCare shareholders will receive C$29.00 cash per share, valuing the transaction at approximately C$4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 08/01/18
Vedanta Resources plc (VED LN-£8.20-London) agreed to be acquired by Volcan Investments. Vedanta Resources operates mines in India, Africa and Australia with primary interests in copper, zinc, silver and aluminum. Under terms of the agreement Vedanta Resources shareholders will receive $10.89 cash per share, valuing the transaction at approximately $19 billion. Volcan already owns approximately 67% of Vedanta. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 07/31/18
Forest City Realty Trust, Inc. (FCE/A-$24.97-NYSE) agreed to be acquired by Brookfield Asset Management, Inc. (BAM-$42.16-NYSE). Forest City Realty owns, develops and manages office, apartment, and retail real estate and land throughout the U.S. Under terms of the agreement Forest City shareholders will receive $25.35 cash per share, valuing the transaction at approximately $10 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 07/31/18
LifePoint Health, Inc. (LPNT-$64.80-NASDAQ) agreed to be acquired by Apollo Global Management, LLC (APO-$35.50-NYSE). LifePoint owns and operates community hospitals, regional health systems, physician practices, outpatient centers, and post-acute facilities in 22 states. Under terms of the agreement LifePoint shareholders will receive $65.00 cash per share, valuing the transaction at approximately $6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 07/31/18
RLJ Entertainment, Inc. (RLJE-$6.17-NASDAQ) agreed to be acquired by AMC Networks, Inc. (AMCX-$60.29-NASDAQ). RLJ Entertainment offers video content through its proprietary subscription-based digital channels, Acorn TV and UMC. Under terms of the agreement RLJ Entertainment shareholders will receive $6.25 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 07/30/18
SUPERVALU, Inc. (SVU-$32.32-NYSE) agreed to be acquired by United Natural Foods, Inc. (UNFI-$32.20-NASDAQ). SUPERVALU is a grocery wholesaler and retailer serving customers through a network of more than 3,000 owned, franchised, and independently owned stores across the U.S. Under terms of the agreement SUPERVALU shareholders will receive $32.50 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 07/26/18
Syntel, Inc. (SYNT-$40.59-NASDAQ) agreed to be acquired by Atos SE (ATO FP-€114.85-Paris). Syntel provides digital transformation and information technology services to enterprise customers. Under terms of the agreement Syntel shareholders will receive $41.00 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the end of 2018. Announcement date: 07/22/18
FCB Financial Holdings, Inc. (FCB-$51.00-NYSE) agreed to be acquired by Synovus Financial Corp. (SNV-$49.42-NYSE). FCB Financial Holdings provides community banking services through its ownership of Florida Community Bank, the second largest bank in South Florida. Under terms of the agreement FCB Financial shareholders will receive 1.055 shares of Synovus common stock per share, valuing the transaction at approximately $3 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement date: 07/20/18
Connecticut Water Services, Inc. (CTWS-$64.42-NASDAQ) received an improved proposal to be acquired by Eversource Energy (ES-$60.72-NYSE). Connecticut Water Services provides water service in Connecticut and Maine, and wastewater service in Connecticut. Under terms of the proposal Connecticut Water Services shareholders would receive $64.00 cash or Eversource common stock per share, subject to election, valuing the transaction at approximately $1 billion. The amended agreement reached with SJW Group (SJW-$64.68-NYSE) in August for $70.00 cash per share has been deemed a superior offer for Connecticut Water. The transaction between Connecticut Water Services and SJW is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement date: 07/20/18
EI Towers S.p.A (EIT IM-€57.00-Milan) agreed to be acquired by Fondi Italiani per le Infrastrutture SGR S.p.A. (F2i) and Mediaset S.p.A. (MS IM-€2.90-Milan). EI Towers owns and operates communications infrastructure in Italy. Under terms of the agreement EI Towers shareholders will receive €57.00 cash per share, valuing the transaction at approximately €2 billion. Mediaset already owns 40% of EI Towers. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 07/17/18
Nevsun Resources Ltd. (NSU CN-C$4.83-Toronto) received an unsolicited offer from Lundin Mining Corp. (LUN CN-C$7.20-Toronto). Nevsun owns interests in copper and gold mines in Serbia and Eritrea. Under terms of the offer Nevsun shareholders would receive C$4.75 cash per share, valuing the transaction at approximately C$1.3 billion. Lundin launched its offer to acquire Nevsun on July 26, 2018. The offer is subject to the tender of at least 66 2/3% of Nevsun shares, as well as regulatory approvals by the expiration of the offer on November 9, 2018. Nevsun’s board unanimously rejected Lundin Mining’s offer, and launched a review of strategic alternatives to maximize shareholder value, which could include reaching an agreement to be acquired by Lundin or an alternative acquirer. We continue to monitor the situation. Announcement date: 07/17/18
Sky plc (SKY LN-£15.23-London) received an increased bid from Comcast Corp. (CMCSA-$35.78-NASDAQ). Sky provides pay television services, broadband and telephony products, as well as original television content. Under terms of the offer Sky shareholders would receive £14.75 cash per share, valuing the transaction at approximately £33 billion. The increased bid from Comcast came hours after Twenty-First Century Fox, Inc. (FOXA-$36.56-NASDAQ) boosted its bid to £14.00 cash per share. According to UK Takeover Panel rules, The Walt Disney Co. (DIS-$113.56-NYSE) would have to make an offer of £14.00 if it closes on its deal for Fox’s entertainment assets. Fox has until September 22nd to amend its offer for Sky. Announcement date: 07/12/18
CA, Inc. (CA-$44.21-NASDAQ) agreed to be acquired by Broadcom Inc. (AVGO-$221.77-NASDAQ). CA develops software solutions that help customers manage applications across various enterprise platforms, including cloud, mobile and mainframe. Under terms of the agreement CA shareholders will receive $44.50 cash per share, valuing the transaction at approximately $19 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 07/11/18
Xplore Technologies Corp. (XPLR-$5.98-NASDAQ) agreed to be acquired by Zebra Technologies (ZBRA-$137.93-NASDAQ). Xplore Technologies develops rugged mobile personal computers designed to withstand extreme conditions. Under terms of the agreement Xplore Technologies shareholders will receive $6.00 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the third quarter of 2018. Announcement date: 07/05/18
Juniper Pharmaceuticals, Inc. (JNP-$11.50-NASDAQ) agreed to be acquired by Catalent, Inc. (CTLT-$41.70-NYSE). Juniper Pharmaceuticals develops therapies focused on women’s health and provides fee for service pharmaceutical development manufacturing. Under terms of the agreement Juniper shareholders received $11.50 cash per share, valuing the transaction at approximately $150 million. The transaction was subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and closed in August. Announcement date: 07/03/18
Convergys Corporation (CVG-$24.44-NYSE) agreed to be acquired by Synnex Corp. (SNX-$96.51-NYSE). Convergys sells customer management and information management products. Under terms of the agreement Convergys shareholders will receive $13.25 cash and 0.1193 shares of Synnex common stock per share, subject to a collar, valuing the transaction at approximately $3 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close by year-end. Announcement date: 06/28/18
Pinnacle Foods, Inc. (PF-$65.06-NYSE) agreed to be acquired by Conagra Brands, Inc. (CAG-$35.73-NYSE). Pinnacle Foods owns various branded food products in frozen, refrigerated and shelf-stable formats. Under terms of the agreement Pinnacle Foods shareholders will receive $43.11 cash and 0.6494 shares of Conagra Brands common stock per share, valuing the transaction at approximately $11 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the end of 2018. Announcement date: 06/27/18
APN Outdoor Group Limited (APO AU-A$6.28-Sydney) agreed to be acquired by JCDecaux S.A. (DEC FP-€28.66-Paris). APN Outdoor operates advertising assets in various outdoor formats, including billboards, transit, and street furniture. Under terms of the agreement APN Outdoor shareholders will receive A$6.70 cash per share, valuing the transaction at approximately A$1.2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2019. Announcement date: 06/26/18
Education Realty Trust, Inc. (EDR-$41.50-NYSE) agreed to be acquired by Greystar Real Estate Partners, LLC. Education Realty Trust is a real estate investment trust that owns, develops, and manages collegiate housing communities. Under terms of the agreement Education Realty Trust shareholders will receive $41.50 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2018. Announcement date: 07/25/18
Web.com Group, Inc. (WEB-$25.85-NASDAQ) agreed to be acquired by Siris Capital Group, LLC. Web.Com provides domain name registration and web development services. Under terms of the agreement Web.com’s shareholders will receive $25.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Web.com is also permitted to solicit superior bids from parties during a 45-day “go-shop” period. Announcement date: 06/21/18
Dalradian Resource, Inc. (DNA CN-C$1.44-Toronto) agreed to be acquired by Orion Mine Finance. Dalradian explores and develops gold projects in Northern Ireland. Under terms of the agreement Dalradian shareholders will receive C$1.47 cash per share, valuing the transaction at approximately C$400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2018. Announcement date: 06/21/18
Twenty-First Century Fox, Inc. (FOXA-$49.69-NASDAQ) agreed to be acquired by The Walt Disney Co. (DIS-$104.81-NYSE) under improved terms. Twenty-First Century Fox owns various cable, broadcast, film, pay TV and satellite assets globally. Fox will be selling its studios as well as certain cable and international TV assets. Under terms of the agreement Fox shareholders will receive 1 share of SpinCo and $38.00 of cash and Disney common stock per share, valuing the transaction at approximately $70 billion. The most recent Disney offer was deemed superior to the $35 cash and 1 share of SpinCo per share offer made by Comcast Corporation (CMCSA-$32.81-NASDAQ) last month. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close by year-end. Announcement date: 06/20/18
Foundation Medicine, Inc. (FMI-$136.70-NASDAQ) agreed to be acquired by Roche Holdings AG (ROG SW-CHF220.55-Zurich). Foundation Medicine develops and sells genomic analysis diagnostics that help doctors select the most effective treatment for cancer patients. Under terms of the agreement Foundation Medicine shareholders will receive $137.00 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the second half of 2018. Announcement date: 06/19/18
Cotiviti Holdings Inc. (COTV-$44.13-NYSE) agreed to be acquired by Verscend Technologies, Inc. Cotiviti provides analytics-driven payment accuracy and network value solutions focused on reducing healthcare waste. Under terms of the agreement Cotiviti shareholders will receive $44.75 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 06/19/18
CoBiz Financial, Inc. (COBZ-$21.48-NASDAQ) agreed to be acquired by BOK Financial Corporation (BOKF-$94.01-NASDAQ). CoBiz provides a range of community banking services throughout Colorado and Arizona. Under terms of the agreement CoBiz shareholders will receive $5.70 cash and 0.17 shares of BOK Financial common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 06/18/18
Energy XXI Gulf Coast, Inc. (EGC-$8.84-NASDAQ) agreed to be acquired by Cox Oil Company, Inc. Energy XXI Gulf Coast explores and develops oil and natural gas properties in the U.S. Gulf Coast region. Under terms of the agreement Energy XXI shareholders will receive $9.10 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2018. Announcement date: 07/18/18
Rent-A-Center, Inc. (RCII-$14.72-NASDAQ) agreed to be acquired by Vintage Capital Management, LLC. Rent-A-Center offers various consumer products, including furniture, electronics and accessories via its rent-to-own model. Under terms of the agreement Rent-A-Center shareholders will receive $15.00 cash per share, valuing the transaction at approximately $1.4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 06/18/18
Raging River Exploration, Inc. (RRX CN-C$5.70-Toronto) agreed to be acquired by Baytex Energy Corp. (BTE CN-C$4.37-NYSE). Raging River Exploration explores and produces oil and natural gas with properties in the Dodsland area of southwest Saskatchewan. Under terms of the agreement Raging River shareholders will receive 1.36 shares of Baytex common stock per share, valuing the transaction at approximately C$1.3 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the third quarter of 2018. Announcement date: 06/18/18
Virgin Money Holdings U.K. (VM/ LN-£3.67-London) agreed to be acquired by CYBG plc (CYBG LN-£3.18-London). Virgin Money provides retain banking services in the United Kingdom. Under terms of the agreement Virgin Money shareholders will receive 1.2125 shares of CYBG common stock per share, valuing the transaction at approximately £2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the end of 2018. Announcement date: 06/18/18
Arizona Mining, Inc. (AZ CN-$6.16-Toronto) agreed to be acquired by South32 Ltd. (S32 AU-A$3.61-Sydney). Arizona Mining is a mineral exploration and development company focused on its wholly owned Hermosa Property in Santa Cruz County, Arizona. Under terms of the agreement Arizona Mining shareholders will receive C$6.20 cash per share, valuing the transaction at approximately C$2.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2018. Announcement date: 06/17/18
Sirtex Medical Ltd. (SRX AU-A$31.45-Sydney) agreed to be acquired by CDH Investments Fund Management Co. Sirtex develops and manufactures radiation devices to treat liver cancer. Under terms of the agreement Sirtex shareholders will receive A$33.60 cash per share, valuing the transaction at approximately A$2 billion. Sirtex previously agreed to be acquired by Varian Medical Systems (VAR US-$113.72-NYSE) for A$28.00 cash per share before receiving a superior bid from CDH Investments. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2018. Announcement date: 06/14/18
Envision Healthcare Corporation (EVHC-$44.01-NYSE) agreed to be acquired by KKR & Co. Inc. (KKR-$24.85-NYSE). Envision Healthcare provides physician services as well as post-acute care and ambulatory surgery services. Under terms of the agreement Envision shareholders will receive $46.00 cash per share, valuing the transaction at approximately $10 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 06/11/18
USG Corporation (USG-$43.12-NYSE) agreed to be acquired by Gebr. Knauf Verwaltungsgesellschaft KG. USG manufactures and distributes building materials, most notably drywall and joint compound. Under terms of the agreement USG shareholders will receive $44.00 cash per share, valuing the transaction at approximately $7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in early 2019. Announcement date: 06/11/18
AV Homes, Inc. (AVHI-$21.40-NASDAQ) agreed to be acquired by Taylor Morrison Home Corp. (TMHC-$20.78-NYSE). AV Homes develops residential communities in Florida, the Carolinas, Arizona and Texas. Under terms of the agreement AV Homes shareholders will receive $21.50 cash or 0.9793 shares of Taylor Morrison common stock per share, subject to proration, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2018. Announcement date: 06/07/18
LaSalle Hotel Properties (LHO-$34.30-NYSE) agreed to be acquired by Blackstone Real Estate Partners. LaSalle is a real estate investment trust that owns over 40 upscale, full service hotels across the US. Under terms of the agreement LaSalle Hotel shareholders will receive $33.50 cash per share, valuing the transaction at approximately $5 billion. LaSalle had previously received an unsolicited bid from Pebblebrook Hotel Trust (PEB-$40.82-NYSE), which was not deemed superior. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2018. Announcement date: 05/21/18
MB Financial, Inc. (MBFI-$49.39-NASDAQ) agreed to be acquired by Fifth Third Bancorp. (FITB-$30.58-NASDAQ). MB Financial provides various banking services to individuals and commercial customers primarily in the Chicago metropolitan area. Under terms of the agreement MB Financial shareholders will receive $5.54 cash and 1.45 shares of Fifth Third common stock per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2019. Announcement date: 05/21/18
Williams Partners LP (WPZ-$39.80-NYSE) agreed to be acquired by Williams Companies Inc. (WMB-$26.86-NYSE). Williams Partners is a midstream MLP that owns and operates more than 33,000 miles of gas pipelines across the US. Under terms of the agreement Williams Partners (WPZ) shareholders will receive 1.494 shares of Williams Companies (WMB) common stock per share, valuing WPZ at approximately $55 billion. Prior to announcing the transaction, Williams Companies currently owns 73% of WPZ units. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the third quarter of 2018. Announcement date: 05/17/18
Cheniere Energy Partners LP Holdings, LLC (CQH-$30.23-NYSE) received a proposal to be acquired by Cheniere Energy, Inc. (LNG-$66.62-NYSE). Cheniere Energy Holdings operates natural gas liquefaction facilities through its 48.6% LP interest in Cheniere Energy Partners. Under terms of the proposal Cheniere Energy Holdings shareholders would receive 0.45 shares of Cheniere Energy common stock per share, valuing the transaction at approximately $7 billion. On June 19, CQH agreed to be acquired under improved terms of 0.475 shares of LNG per share. Prior to announcing the transaction, Cheniere Energy owned 91% of CQH units. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2018. Announcement date: 05/17/18
Abaxis, Inc. (ABAX-$82.80-NASDAQ) agreed to be acquired by Zoetis (ZTS-$83.70-NYSE). Abaxis manufactures portable blood analysis systems used in both human and veterinary care. Under terms of the agreement Abaxis shareholders will receive $83.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the end of 2018. Announcement date: 05/16/18
ARMO BioSciences, Inc. (ARMO-$50.00-NASDAQ) agreed to be acquired by Eli Lilly and Company (LLY-$85.04-NYSE). ARMO develops immuno-oncology therapies for the treatment of cancer patients. Under terms of the agreement ARMO shareholders received $50.00 cash per share, valuing the transaction at approximately $1.6 billion. The transaction was subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and closed in June. Announcement date: 05/10/18
Xcerra Corporation (XCRA-$13.77-NASDAQ) agreed to be acquired by Cohu, Inc. (COHU-$24.02-NASDAQ). Xcerra manufactures semiconductor and electronics testing equipment. Under terms of the agreement Xcerra shareholders will receive $9.00 cash and 0.2109 shares of Cohu common stock per share, valuing the transaction at approximately $800 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 05/08/18
Frutarom Industries Ltd. (FRUT IT-ILS349.00-Tel Aviv) agreed to be acquired by International Flavors & Fragrances, Inc. (IFF-$122.13-NYSE). Frutarom produces flavors and ingredients for a wide range of consumer goods products. Under terms of the agreement Frutarom shareholders will receive $71.19 cash and 0.249 shares of IFF common stock per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by year end 2018. Announcement date: 05/07/18
Shire plc (SHP LN-£41.00-London) agreed to be acquired by Takeda Pharmaceutical Co. Ltd. (4502.T-¥4,452-Tokyo). Shire develops pharmaceutical products that treat rare diseases and other specialized conditions. Under terms of the agreement Shire shareholders will receive $30.33 cash and 0.839 shares of Takeda common stock per share, valuing the transaction at approximately $80 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the first half of 2019. Announcement date: 05/07/18
Gramercy Property Trust (GPT-$27.57-NYSE) agreed to be acquired by Blackstone Real Estate Partners. Gramercy Property Trust owns industrial, office and specialty real estate in major US metropolitan markets. Under terms of the agreement Gramercy Property shareholders will receive $27.50 cash per share, valuing the transaction at approximately $7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2018. Announcement date: 05/07/18
Sirtex Medical Ltd. (SRX AU-A$27.45-Sydney) agreed to be acquired by CDH Investments Fund Management Co. Sirtex develops and manufactures radiation devices to treat liver cancer. Under terms of the agreement Sirtex shareholders will receive A$33.60 cash per share, valuing the transaction at approximately A$2 billion. Sirtex previously agreed to be acquired by Varian Medical Systems (VAR US-$127.50-NYSE) for A$28.00 cash per share before receiving superior bid from CDH Investments. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2018. Announcement date: 05/04/18
RPX Corporation, Inc. (RPXC-$10.48-NASDAQ) agreed to be acquired by HGGC, LLC. RPX provides patent risk and discovery management solutions for its commercial client base. Under terms of the agreement RPX shareholders received $10.50 cash per share, valuing the transaction at approximately $500 million. The transaction was subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and closed in June. Announcement date: 05/01/18
KLX, Inc. (KLXI-$73.83-NASDAQ) agreed to be acquired by Boeing Co. (BA-$352.16-NYSE). KLX distributes and services aerospace fasteners and consumables and also provides oilfield services and related equipment. Under terms of the agreement KLX shareholders will receive $63.00 cash per share as 1 share of a SpinCo that will be comprised of KLX's Energy Services Group, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2018. Announcement date: 05/01/18
Cona Resources Ltd. (CONA CN-C$2.52-Toronto) agreed to be acquired by Waterous Energy Fund. Cona Resources explores and produces crude oil in Saskatchewan. Under terms of the agreement Cona shareholders will receive C$2.55 cash per share, valuing the transaction at approximately C$600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2018.
Announcement date: 04/19/18
NEX Group plc (NXG LN-£9.81-London) agreed to be acquired by CME Group, Inc. (CME-$161.74-NASDAQ). NEX Group provides electronic trading platforms to execute trades and manage risk. Under terms of the agreement NEX Group shareholders will receive £5.00 cash and 0.0444 shares of CME Group common stock per share, valuing the transaction at approximately £4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2018. Announcement date: 03/29/18
RSP Permian, Inc. (RSPP-$46.88-NYSE) agreed to be acquired by Concho Resources, Inc. (CXO-$150.33-NYSE). RSP Permian explores and develops natural gas reserves in the Permian Basin of West Texas. Under terms of the agreement RSP Permian shareholders will receive 0.320 shares of Concho common stock per share, valuing the transaction at approximately $9 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the third quarter of 2018. Announcement date: 03/28/18
Naturex SA (NRX FR-€134.00-Paris) agreed to be acquired by Givaudan SA (GIVN SW-€2,176-Zurich). Naturex produces natural extracts used in colorings and flavors in the food, health and beauty industries. Under terms of the agreement Naturex shareholders will receive €135.00 cash per share, valuing the transaction at approximately €1.3 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first half of 2018. Announcement date: 03/26/18
Finish Line, Inc. (FINL-$13.54-NASDAQ) agreed to be acquired by JD Sports Fashion plc (JD LN-£3.35-London). Finish Line is a retailer of athletic shoes, apparel and accessories. Under terms of the agreement Finish Line shareholders will receive $13.50 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the third quarter of 2018. Announcement date: 03/26/18
GGP, Inc. (GGP-$20.46-NYSE) agreed to be acquired by Brookfield Property Partners, L.P. (BPY-$19.19-NYSE). GGP is a REIT focused on high quality retail properties in the United States. Under terms of the agreement GGP shareholders will receive $23.50 cash or 1 share of Newco, subject to proration, valuing the transaction at approximately $20 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the third quarter of 2018. Announcement date of new terms: 03/26/18
MuleSoft, Inc. (MULE-$43.98-NYSE) agreed to be acquired by Salesforce.com, Inc. (CRM-$116.30-NYSE). MuleSoft provides integration software that helps companies connect applications and devices and facilitate the flow of data between various systems. Under terms of the agreement MuleSoft shareholders will receive $36.00 cash and 0.0711 shares of Salesforce common stock per share, valuing the transaction at approximately $7 billion. The transaction is subject to the exchange of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 03/20/18
Orbotech Ltd. (ORBK-$62.18-NASDAQ) agreed to be acquired by KLA-Tencor Corporation (KLAC-$109.01-NASDAQ). Orbotech supplies tools and solutions for manufacturers of electronics products, including printed circuit boards, flat panel displays, and semiconductor devices. Under terms of the agreement Orbotech shareholders will receive $38.86 cash and 0.25 shares of KLA-Tencor common stock per share, valuing the transaction at approximately $3.2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2018. Announcement date: 03/19/18
Fenner plc (FENR LN-£6.09-London) agreed to be acquired by Michelin SCA (ML FP- €119.90-Paris). Fenner provides conveyor belt solutions and reinforced polymer products for the mining and general industrial markets. Under terms of the agreement Fenner shareholders will receive £6.10 cash per share, valuing the transacton at approximately £1.3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 03/19/18
Klondex Mines Ltd. (KLDX CN-C$3.05-Toronto) agreed to be acquired by Hecla Mining Co. (HL-$3.67-NYSE). Klondex operates gold and silver mines in Canada and the United States. Under terms of the agreement Klondex shareholders will receive $2.47 cash or 0.6272 shares of Hecla common stock per share, subject to proration, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 03/19/18
Connecticut Water Services, Inc. (CTWS-$60.53-NASDAQ) agreed to be acquired by SJW Group (SJW-$52.71-NYSE). Connecticut Water Services provides water service in Connecticut and Maine, and wastewater service in Connecticut. Under terms of the agreement Connecticut Water Services shareholders will receive 1.1375 shares of SJW Group common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close by year-end 2018. Announcement date: 03/15/18
Abertis Infraestructureas SA (ABE SM-€16.29-Madrid) agreed to be acquired by Hochtief AG (HOT GY-€151.70-Frankfurt) and Atlantia SpA (ATL IM-€25.15-Milan). Abertis manages the construction, maintenance and operation of highways across Europe, South America and North America. Under terms of the agreement Abertis shareholders will receive €18.76 cash per share, valuing the transaction at approximately €33 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 03/14/18
Oclaro, Inc. (OCLR-$9.56-NASDAQ) agreed to be acquired by Lumentum Holdings Inc. (LITE-$63.80-NASDAQ). Oclaro provides optical components and modules for the core optical transport, service provider, and data center markets. Under terms of the agreement Oclaro shareholders will receive $5.60 cash and 0.0636 shares of Lumentum common stock per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2018. Announcement date: 03/12/18
GKN plc (GKN LN-£4.63-London) agreed to be acquired by Melrose Industries plc (MRO LN-£2.31-London). GKN manufactures and supplies parts to carmakers and components to aircraft. Under terms of the agreement GKN shareholders will receive 81p cash per share and 1.69 shares of Melrose common stock per share, valuing the transaction at £11 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 03/09/18
Bravo Brio Restaurant Group, Inc (BBRG-$4.00-NASDAQ) agreed to be acquired by Spice Private Equity Ltd. Bravo Brio is the owner and operator of two Italian restauraunt brands, BRAVO! Cucina Italiana and BRIO Tuscan Grill. Under terms of the agreement Bravo Brio Restauraunt Group shareholders will receive $4.05 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 03/08/18
Express Scripts Holdings Co. (ESRX-$69.08-NASDAQ) agreed to be acquired by Cigna Corp. (CI-$167.74-NYSE). Express Scripts provides integrated pharmacy benefit management services. Under terms of the agreement Express Scripts shareholders will receive $48.75 cash per share and 0.2434 shares of Cigna common stock per share, valuing the transaction at approximately $68 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close by year-end 2018. Announcement date: 03/08/18
CommerceHub, Inc. (CHUBA-$22.50-NASDAQ) agreed to be acquired by Sycamore Partners, LLC. CommerceHub provides cloud-based e-commerce fulfillment and marketing solutions for retailers, manufacturers and distributors. Under terms of the agreement CommerceHub shareholders will receive $22.75 cash per share, valuing the transaction at approximately $1 billion. The transaction is subject to shareholder, as well as regulatory approval and is expected to close in the third quarter of 2018. Announcement date: 03/06/18
XL Group Ltd. (XL-$55.26-NYSE) agreed to be acquired by AXA SA (CS FP-€21.60-Paris). XL Group underwrites property, casualty and specialty insurance and reinsurance products for commercial buyers. Under terms of the agreement XL shareholders will receive $57.60 cash per share, valuing the transaction at approximately $15 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2018. Announcement date: 03/05/18
AmTrust Financial Services, Inc. (AFSI-$12.31-NASDAQ) agreed to be acquired by a consortium led by Stone Point Capital and the Karfunkel Family. AmTrust Financial offers specialty property and casualty insurance products. Under terms of the agreement AmTrust shareholders will receive $13.50 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2018. Announcement date: 03/01/18
Microsemi Corporation (MSCC-$64.72-NASDAQ) agreed to be acquired by Microchip Technologies, Inc. (MCHP-$91.36–NASDAQ). Microsemi offers a comprehensive portfolio of semiconductor and system solutions for aerospace & defense, communications, data center and industrial end markets. Under terms of the agreement Microsemi shareholders will receive $68.78 cash per share, valuing the transaction at approximately $10 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 03/01/18
Stewart Information Services Corporation (STC-$43.94-NYSE) agreed to be acquired by Fidelity National Financial, Inc. (FNF-$40.02-NYSE). Stewart Information Services offers comprehensive real estate services, including title insurance and closing and settlement services. Under terms of the agreement Stewart Information Services shareholders will receive $25.00 cash and 0.6425 Fidelity National Financial common stock per share, subject to an election, valuing the transaction at approximately $1.2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2019. Announcement date: 03/01/18
Laird plc (LRD LN-£2.00-London) agreed to be acquired by Advent International Corp. Laird provides engineering solutions that protect electronics from electromagnetic interference and heat and enables connectivity in mission-critical wireless applications. Under terms of the agreement Laird shareholders will receive £2.00 cash per share, valuing the transaction at approximately £1.2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2018. Announcement date: 03/01/18
TDC A/S (TDC DC-DKK49.75-Copenhagen) agreed to be acquired by a consortium of Danish pension funds and Macquarie Infrastructure. TDC provides fixed and wireless data and telephony services in the Nordic region. Under terms of the agreement, TDC shareholders will receive DKK50.25 cash per share, or about DKK61 billion. The transaction is subject to shareholder, and well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 02/28/18
Sky plc (SKY LN-£13.48-London) received an indication from Comcast Corp. (CMCSA-$36.21-NASDAQ) that it would initiate an unsolicited proposal to acquire the company. Sky provides pay television services, broadband and telephony products, as well as original television content. Under terms of the indicated proposal Sky shareholders would receive £12.50 cash per share, valuing the transaction at approximately £30 billion. Sky had previously agreed to be acquired by Twenty-First Century Fox, Inc. (FOXA-$36.82-NASDAQ) for £10.75 cash per share. We continue to view Sky is a highly strategic asset and are dynamically assessing the potential for a counter bid. Announcement date: 02/27/18
Student Transportation Inc. (STB CN-C$9.65-Toronto) agreed to be acquired by a consortium led by STB’s largest shareholder, Caisse de depot et placement du Quebec. Student Transportation provides school transportation, safety and fleet services in the U.S. and Canada with more than 13,500 vehicles. Under terms of the agreement Student Transportation shareholders will receive US$7.50 cash per share, or about C$1 billion. The transaction is subject to approval by Student Transportation shareholders, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 02/27/18
PHH Corp. (PHH-$10.58-NYSE) agreed to be acquired by Ocwen Financial Corp. (OCN-$3.64-NYSE). PHH is a subservicer of mortgages in the U.S., providing servicing and portfolio retention solutions to investors of mortgage servicing rights, financial and wealth management institutions, regional and community banks and credit unions. Under terms of the agreement PHH shareholders will receive $11.00 cash per share, valuing the transaction around $500 million. The transaction is subject to approval by PHH shareholders, as well as regulatory approvals and is expected to close in the second half of 2018. Announcement date: 02/27/18
Spectrum Brands Holdings, Inc. (SPB-$98.71-NYSE) agreed to merger with HRG Group, Inc. (HRG-$15.79-NYSE). Spectrum Brands is a leading supplier of batteries, locksets, personal care products, household appliances and other consumer products. Under terms of the agreement Spectrum shareholders will receive 1 shares of Newco common stock per share, valuing the transaction at approximately $4 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 02/26/18
Blue Buffalo Pet Products, Inc. (BUFF-$40.06-NASDAQ) agreed to be acquired by General Mills, Inc. (GIS-$50.55-NYSE). Blue Buffalo Pet Products manufactures natural foods and treats for dogs and cats. Under terms of the agreement Blue Buffalo shareholders will receive $40.00 cash per share, valuing the transaction at approximately $8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 02/23/18
Fogo de Chao Inc. (FOGO-$15.60-NASDAQ) agreed to be acquired by Rhone Capital. Fogo de Chao operates more than 50 Brazilian steakhouses worldwide under the Fogo de Chao brand. Under terms of the agreement Fogo De Chao shareholders will receive $15.75 cash per share, valuing the transaction at approximately $600 million. Shareholders which collectively hold more than 60 percent of Fogo’s shares have approved the transaction by written consent, so the deal is subject to regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 02/20/18
NXP Semiconductors NV (NXPI-$124.66-NASDAQ) agreed to be acquired by Qualcomm Inc. (QCOM-$65.00-NASDAQ) under improved terms. NXP is a semiconductor manufacturer that provides connectivity solutions for various automotive and internet of things (IoT) applications. Under improved terms of the agreement NXP shareholders will receive $127.50 cash per share, valuing the transaction at approximately $53 billion. The transaction is subject to the tender of at least 70% of shares outstanding, as well as regulatory approvals and is expected to close in the first half of 2018. Announcement date: 02/20/18
A. Schulman, Inc. (SHLM-$43.85-NASDAQ) agreed to be acquired by LyondellBassell Industries NV (LYB-$108.22-NYSE). A. Schulman manufactures plastic compounds and resins used as raw materials inputs. Under terms of the agreement Schulman shareholders will receive $42 cash per, valuing the transaction at approximately $2.1 billion. In addition, Schulman shareholders will receive a Contingent Value Right (CVR) tied to ongoing litigation. The transaction is subject to A. Schulman shareholder, as well as regulatory approvals and is expected to close in mid-2018. Announcement date: 02/15/18
CSRA Inc. (CSRA-$33.28-NYSE) agreed to be acquired by General Dynamics (GD-$222.48-NYSE). CSRA provides information technology services to the Department of Defense, National Security Agency, and other intelligence agencies. Under terms of the agreement CSRA shareholders will receive $41.75 cash per share, valuing the transaction at approximately $10 billion. This bid was sweetened from $40.75 following a $44.00 cash and stock offer from CACI International Inc. (CACI-$149.05-NYSE). The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first half of 2018. Announcement date: 02/12/18
Hardinge Inc. (HDNG-$18.35-NASDAQ) agreed to be acquired by Privet Fund Management, which owns about 10% of Hardinge’s shares. Hardinge designs and manufactures high precision, computer-controlled machine tool solutions for hard-to-machine metal parts. Under terms of the agreement Hardinge shareholders will receive $18.50 cash per share, valuing the transaction at approximately $250 million. The transaction was the result of a strategic review conducted by Hardinge’s independent directors, and Hardinge may solicit superior proposals during a 45-day “go-shop” period that ends on March 28, 2018. The transaction is subject to approval by two-thirds of the shares of Hardinge common stock, as well as regulatory approvals and is expected to close by the end of the second quarter of 2018. Announcement date: 02/12/18
Layne Christensen Co. (LAYN-$15.50-NASDAQ) agreed to be acquired by Granite Construction Inc. (GVA-$58.10-NYSE). Layne Christensen is a water management, construction and drilling company that provides its services for water, mineral and energy projects. Under terms of the agreement Layne shareholders will receive 0.27 shares of Granite common stock for each share of Layne, valuing the transaction at approximately $500 million. The transaction is subject to Layne shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 02/09/18
Avigilon Corp. (AVO CN-C$26.89-Toronto) agreed to be acquired by Motorola Solutions (MSI-$106.15-NYSE). Avigilon designs and manufactures advanced security surveillance solutions, including video analytics, cameras and access control soltuions. Under terms of the agreement Avigilon shareholders will receive C$27.00 cash per share, valuing the transaction at approximately US$1 billion. The transaction is subject to approval by Avigilon shareholders as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 02/01/18
Cascadian Therapeutics, Inc. (CASC-$10.06-NASDAQ) agreed to be acquired by Seattle Genetics, Inc. (SGEN-$52.30-NASDAQ). Cascadian Therapeutics develops innovative product candidates for the treatment of cancer. Under terms of the agreement Cascadian shareholders will receive $10.00 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 01/31/18
Ply Gem Holdings, Inc. (PGEM-$21.45-NYSE) agreed to be acquired by Clayton, Dubilier & Rice. Ply Gem manufactures vinyl siding, windows, patio doors and other building products. Under terms of the agreement Ply Gem shareholders will receive $21.64 cash per share, valuing the transaction at approximately $2.4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 01/31/18
Xerox Corporation (XRX-$34.13-NYSE) agreed to be acquired by Fujifilm Holdings (4901 JP-¥4,190-Tokyo). Xerox provides digital print technology and related solutions. Under terms of the agreement Xerox shareholders will receive $9.80 cash per share and 1 share of Newco, valuing the transaction at approximately $12 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2018. Announcement date: 01/31/18
Sirtex Medical Ltd. (SRX AU-A$27.45-Sydney) agreed to be acquired by Varian Medical Systems (VAR US-$127.50-NYSE). Sirtex develops and manufactures radiation devices to treat liver cancer. Under terms of the agreement Sirtex shareholders will receive A$28.00 in cash per share, valuing the transaction at approximately A$1.6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 01/30/18
Ablynx NV (ABLX BB-€43.84-Brussels) agreed to be acquired by Sanofi SA (SNY-$43.93-NYSE). Ablynx develops drugs for various disorders from proteins known as Nanobodies. Under terms of the agreement Ablynx shareholders will receive €45.00 cash per share, valuing the transaction at approximately €4 billion. The transaction is subject to the tender of 75% of shares outstanding, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 01/29/18
KapStone Paper and Packaging Corporation (KS-$34.64-NYSE) agreed to be acquired by WestRock Company (WRK-$66.63-NYSE). KapStone produces containerboard, kraft paper, and other corrugated packing products. Under terms of the agreement KapStone shareholders will receive $35.00 cash per share or 0.4981 shares of WestRock common stock per share, subject to proration, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2018. Announcement date: 01/29/18
Callidus Software, Inc. (CALD-$35.95-NASDAQ) agreed to be acquired by SAP SE (SAP-$113.25-NYSE). Callidus provides cloud based human resource, sales, and marketing software for enterprise clients. Under terms of the agreement Callidus shareholders will receive $36.00 cash per share, valuing the transaction at approximately $2.4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 01/29/18
Dr. Pepper Snapple Group, Inc. (DPS-$119.35-NYSE) agreed to be acquired by Keurig Green Mountain, Inc. Dr. Pepper Snapple bottles and distributes nearly fifty brands of flavored beverages, including Dr. Pepper and Snapple. Under terms of the agreement Dr. Pepper Snapple shareholders will receive $103.75 cash per share and 1 share of the combined company, valuing the transaction at approximately $26 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 01/29/18
Key Technology Inc. (KTEC-$26.62-NASDAQ) agreed to be acquired by Duravant, LLC. Key Technology manufactures food processing systems. Under terms of the agreement Key Technology shareholders will receive $26.75 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 01/25/18
U.S. Geothermal, Inc. (HTM-$5.38-NYSE) agreed to be acquired by Ormat Technologies, Inc. (ORA-$70.08-NYSE). U.S Geothermal owns and operates power plants that utilize geothermal resources to produce renewable energy. Under terms of the agreement U.S Geothermal shareholders will receive $5.45 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 01/24/18
Validus Holdings, Ltd. (VR-$67.70-NYSE) agreed to be acquired by American International Group, Inc. (AIG-$63.92-NYSE). Validus provides reinsurance, insurance, and asset management services. Under terms of the agreement Validus shareholders will receive $68.00 cash per share, valuing the transaction at approximately $5.6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in mid- 2018. Announcement date: 01/22/18
Yoox Net-A-Porter Group SPA (YNAP MI-€37.85-Milan) agreed to be acquired by Cie Financiere Richemont SA (CFR SW-€89.32-Zurich). Yoox is an online fashion retailer based in Italy. Under terms of the agreement Yoox shareholders will receive €38.00 cash per share, valuing the transaction at approximately €3.5 billion. Cie Financiere Richemonte will acquire the 50% of Yoox it does not already own. The transaction is subject to the tender of 90% of shares outstanding, as well as regulatory approvals and is expected to close in the first half of 2018. Announcement date: 01/22/18
Bioverativ, Inc. (BIVV-$103.06-NASDAQ) agreed to be acquired by Sanofi SA (SNY-$43.93-NYSE). Bioverativ develops therapies used in the treatment of hemophilia and other rare blood disorders. Under terms of the agreement Bioverativ shareholders will receive $105.00 cash per share, valuing the transaction at approximately $11 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 01/22/18
Juno Therapeutics, Inc. (JUNO-$85.81-NASDAQ) agreed to be acquired by Celgene Corporation (CELG-$101.16-NASDAQ). Juno Therapeutics develops cellular immunotherapies for the treatment of cancer. Under terms of the agreement Juno shareholders will receive $87.00 cash per share, valuing the transaction at approximately $9 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 01/22/18
GKN plc (GKN LN-£4.23-London) received a hostile offer from Melrose Industries plc (MRO LN-£2.26-London). GKN manufactures and services systems and components for original equipment manufacturers in the automotive and aerospace end markets. Under terms of the agreement GKN shareholders would receive 81p cash and 1.49 shares of Melrose common stock per share, valuing the transaction at approximately £7.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 01/17/18
Blackhawk Network Holdings, Inc. (HAWK-$45.45-NASDAQ) agreed to be acquired by Silver Lake and P2 Capital Partners. Blackhawk Network offers gift cards and prepaid debit cards to consumers as well as other commerce solutions. Under terms of the agreement Blackhawk shareholders will receive $45.25 cash per share, valuing the transaction at approximately $3.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in mid-2018. Blackhawk is also permitted to solicit superior bids from parties during a “go-shop” period. Announcement date: 01/16/18
DST Systems, Inc. (DST-$83.37-NYSE) agreed to be acquired by SS&C Technologies, Inc. (SSNC-$50.28-NASDAQ). DST Systems provides specialized technology and business operations outsourcing to financial and healthcare industries. Under terms of the agreement DST shareholders will receive $84.00 cash per share, valuing the transaction at approximately $5.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the third quarter of 2018. Announcement date: 01/11/18
Pure Industrial Real Estate Trust (AAR-U CN-C$8.08-Toronto) agreed to be acquired by Blackstone Property Partners. Pure Industrial is a REIT focused on investing in industrial properties across Canada and distribution and logistics related properties in the U.S. Under terms of the agreement Pure Industrial shareholders will receive C$8.10 cash per share, valuing the transaction at approximately C$3.8 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 01/09/18
TiGenix NV (TIG BB-€1.74-Brussels) agreed to be acquired by Takeda Pharmaceutical Co. Ltd. (4502 JP-¥6,415.00-Tokyo). TiGenix develops stem cell therapies used in treatment of various medical conditions. Under terms of the agreement TiGenix shareholders will receive €1.78 cash per share, valuing the transaction at approximately €500 million. The transaction is subject to the tender of 85% of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 01/04/18
SCANA Corporation (SCG-$40.64-NYSE) agreed to be acquired by Dominion Energy, Inc. (D-$76.44-NYSE). SCANA is a public utility serving electric and gas customers in North and South Carolina. Under terms of the agreement SCANA shareholders will receive 0.669 shares of Dominion common stock per share, valuing the transaction at approximately $15 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2018. Announcement date: 01/03/18
Sucampo Pharmaceuticals, Inc. (SCMP-$17.95-NASDAQ) agreed to be acquired by Mallinckrodt plc (MNK-$22.56-NYSE). Sucampo develops highly specialized medicines for orphan diseases. Under terms of the agreement Sucampo shareholders will receive $18.00 cash per share, valuing the transaction at approximately $1.2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 12/26/17
Ladbrokes Coral Group plc (LCL LN-£1.82-London) agreed to be acquired by GVC Holdings plc (GVC LN-£9.25-London). Ladbrokes operates brick and mortar and digital sports betting and gaming properties. Under terms of the agreement Ladbrokes shareholders will receive 32.7p in cash and 0.141 shares of GVC common stock per share, as well as a contingent value right (CVR) valuing the transaction at approximately £3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2018. Announcement date: 12/22/17
Ignyta, Inc. (RXDX-$26.70-NASDAQ) agreed to be acquired by Roche Holding AG (ROG SW-CHF246.50-Zurich). Ignyta develops pharmaceutical medicines focused on treating rare cancer mutations. Under terms of the agreement Ignyta shareholders will receive $27.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 12/22/17
Gener8 Maritime, Inc. (GNRT-$6.62-NYSE) agreed to be acquired by Euronav NV (EURN-$9.25-NYSE). Gener8 transports crude oil and petroleum products using its fleet of over 40 tankers. Under terms of the agreement Gener8 shareholders will receive 0.7272 shares of Euronav common stock per share, valuing the transaction at approximately $1.7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 12/21/17
Kindred Healthcare, Inc. (KND-$9.70-NYSE) agreed to be acquired by consortium led by Humana Inc. (HUM-$248.07-NYSE). Kindred Healthcare operates hospitals and nursing centers and provides contract rehabilitation services throughout the United States. Under terms of the agreement Kindred shareholders will receive $9.00 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by mid-2018. Announcement date: 12/19/17
Pinnacle Entertainment, Inc. (PNK-$32.73-NASDAQ) agreed to be acquired by Penn National Gaming, Inc. (PENN-$31.33-NASDAQ). Pinnacle Entertainment owns and operates various gaming and racing facilities in multiple jurisdictions across the United States. Under terms of the agreement Pinnacle shareholders will receive $20.00 in cash and 0.42 shares of Penn National common stock per share, valuing the transaction at approximately $4 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the second half of 2018. Announcement date: 12/18/17
Snyder’s-Lance, Inc. (LNCE-$50.08-NASDAQ) agreed to be acquired by Campbell Soup Company (CPB-$48.11-NYSE). Snyder’s-Lance manufactures and distributes snack food products throughout the U.S and internationally. Under terms of the agreement Snyder’s-Lance shareholders will receive $50.00 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 12/18/17
Chicago Bridge & Iron Company N.V. (CBI-$16.14-NYSE) agreed to be acquired by McDermott International, Inc. (MDR-$6.58-NYSE). Chicago Bridge & Iron provides technology and infrastructure services for the energy industry. Under terms of the agreement Chicago Bridge & Iron shareholders will receive 2.47221 shares of McDermott International common stock per share, valuing the transaction at approximately $3.5 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 12/18/17
Lithium X Energy Corp. (LIX CN-C$2.40-Toronto) agreed to be acquired by NextView Capital. Lithium X Energy is a lithium exploration and development company focused on becoming a low cost supplier to the battery industry. Under terms of the agreement Lithium X shareholders will receive $C2.61 cash per share, valuing the transaction at approximately C$300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 12/18/17
Gemalto NV (GTO NA-€49.50-Amsterdam) agreed to be acquired by Thales SA (HO FP-€89.88-Paris). Gemalto produces SIM cards and near field chips for mobile phones as well as digital security chips used in payment processing and passports. Under terms of the agreement Gemalto shareholders will receive €51.00 cash per share, valuing the transaction at approximately €5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2018. Announcement date: 12/17/17
Twenty-First Century Fox, Inc. (FOXA-$34.53-NASDAQ) agreed to sell select media assets to The Walt Disney Co. (DIS-$107.51-NYSE). Twenty-First Century Fox owns various cable, broadcast, film, pay TV and satellite assets globally. Fox will be selling its studios as well as certain cable and international TV assets. Under terms of the agreement Fox shareholders will receive 1 share of SpinCo and 0.2745 shares of Disney common stock per share, valuing the transaction at approximately $52 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in early 2019. Announcement date: 12/14/17
Westfield Corp (WFD AU-A$9.49-Sydney) agreed to be acquired by Unibail Rodamco SE (UL NA-€210.00-Paris). Westfield develops shopping centers and retail outlets in the United States, United Kingdom, and Europe. Under terms of the agreement Westfield shareholders will receive $2.67 in cash and 0.01844 shares of Unibail-Rodamco common stock per share, as well as one share of SpinCo, valuing the transaction at approximately A$25 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 12/12/17
Pure Technologies Ltd. (PUR CN-C$8.98-Toronto) agreed to be acquired by Xylem Inc. (XYL-$68.20-NYSE). Pure Technologies provides patented technologies for inspecting, monitoring and managing critical infrastructure. Under terms of the agreement Pure Technologies shareholders will receive C$9.00 in cash per share, valuing the transaction at approximately C$500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 12/11/17
Entellus Medical (ENTL-$24.39-NASDAQ) agreed to be acquired by Stryker Corporation (SYK-$154.84-NYSE). Entellus Medical offers portfolio of products that enable physicians to perform a range of minimally invasive ear, nose and throat related procedures. Under terms of the agreement Entellus shareholders will receive $24.00 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2018. Announcement date: 12/07/17
Regal Entertainment Group (RGC-$23.01-NYSE) agreed to be acquired by Cineworld Group plc (CINE LN-£6.01-London). Regal Entertainment Group operates over 500 movie theaters across the United States. Under terms of the agreement Regal shareholders will receive $23.00 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the first half of 2018. Announcement date: 12/05/17
General Cable Corporation (BGC-$29.60-NYSE) agreed to be acquired by Prysmian Group SpA (PRY IM-€27.19-Milan). General Cable develops and manufactures aluminum, copper, and fiber optic wire and cable products. Under terms of the agreement General Cable shareholders will receive $30.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2018. Announcement date: 12/04/17
Aetna Inc. (AET-$180.39-NYSE) agreed to be acquired by CVS Health (CVS-$72.50-NYSE). Aetna is a diversified healthcare benefits company that offers various health insurance products. Under terms of the agreement Aetna shareholders will receive $145.00 cash per share and 0.8378 shares of CVS common stock per share, valuing the transaction at approximately $70 billion. . The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the second half of 2018. Announcement date: 12/03/17
Buffalo Wild Wings, Inc. (BWLD-$155.95-NASDAQ) agreed to be acquired by Roark Capital. Buffalo Wild Wings owns and franchises over 1,200 casual dining restaurants under the Buffalo Wild Wings brand. Under terms of the agreement Buffalo Wild Wings shareholders will receive $157.00 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 11/28/17
Cavium, Inc. (CAVM-$85.48-NASDAQ) agreed to be acquired by Marvell Technology Group Ltd. (MRVL-$22.34- NASDAQ). Cavium designs and develops semiconductors used in networking applications. Under terms of the agreement Cavium shareholders will receive $40.00 cash and 2.1757 shares of Marvell common stock per share, valuing the transaction at approximately $6 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in mid-2018. Announcement date: 11/28/17
Bazaarvoice, Inc. (BV-$5.45-NASDAQ) agreed to be acquired by Marlin Equity Partners. Bazaarvoice offers subscription-based software services that allow retailers and brands to collect customer review data and other related content. Under terms of the agreement Bazaarvoice shareholders will receive $5.50 cash per share, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 11/27/17
Euler Hermes Group SA (ELE FP-€121.80-Paris) agreed to be acquired by Allianz (ALV GY-€198.15-Frankfurt). Allianz will acquire the 25.6% of Euler shares it does not already own. Euler Hermes offers a range of credit insurance products and services. Under terms of the agreement Euler Hermes shareholders will receive €122.00 cash per share, valuing the transaction at approximately €5 billion. The transaction is subject to tender in order that Allianz ownership will reach 95% threshold, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 11/27/17
Time, Inc. (TIME-$18.60-NYSE) agreed to be acquired by Meredith Corp (MDP-$68.15-NYSE). Time publishes more than 50 magazines and related online media content. Under terms of the agreement Time shareholders will receive $18.50 cash per share, valuing the transaction at approximately $3 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 11/26/17
AlarmForce Industries Inc. (AF CN-C$16.00-Toronto) agreed to be acquired by BCE Inc. (BCE CN-C$61.74-Toronto). AlarmForce provides security alarm monitoring, video surveillance and related services to residential and commercial customers throughout Canada. Under terms of the agreement AlarmForce shareholders will receive C$16.00 in cash or shares of BCE common stock per share, subject to proration, valuing the transaction at approximately C$200 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 11/26/17
Atlantic Coast Financial Corp. (ACFC-$9.60-NASDAQ) agreed to be acquired by Ameris Bancorp (ABCB-$49.60-NASDAQ). Atlantic Coast Financial is a community bank with approximately $1 billion in assets serving customers primarily in northern Florida and southeast Georgia. Under terms of the agreement Atlantic Coast shareholders will receive $1.39 cash per share and 0.17 shares of Ameris Bancorp common stock per share, valuing the transaction at approximately $150 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 11/17/17
Almost Family, Inc. (AFAM-$59.40-NASDAQ) agreed to be acquired by LHC Group, Inc. (LHCG-$65.77-NASDAQ). Almost Family provides home healthcare and nursing services. Under terms of the agreement Almost Family shareholders will receive 0.915 shares of LHC Group common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the first half of 2018. Announcement date: 11/16/17
Bonanza Creek Energy, Inc. (BCEI-$27.77-NYSE) agreed to be acquired by SandRidge Energy, Inc. (SD-$18.61-NYSE). Bonanza Creek Energy engages in the exploration and production of oil and natural gas in the Rocky Mountain region and southern Arkansas. Under terms of the agreement Bonanza Creek shareholders will receive $19.20 cash and $16.80 of SandRidge common stock per share, subject to a collar, valuing the transaction at approximately $700 million. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 11/15/17
Axiare Patrimonio Socimi SA (AXIA SM-€18.36-Madrid) agreed to be acquired by Inmobiliaria Colonial Socimi SA (COL SM-€7.94-Madrid). Axiare manages a commercial real estate investment trust focused on office properties and shopping malls in Spain. Under terms of the agreement Axiare shareholders will receive €18.50 cash per share, valuing the transaction at approximately €2 billion. The transaction is subject to the tender of at least 75% of shares outstanding, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 11/13/17
GGP, Inc. (GGP-$23.50-NYSE) received an unsolicited proposal to be acquired Brookfield Property Partners L.P. (BPY-$21.88-NYSE). GGP manages, leases and redevelops high-quality retail properties throughout the United States. Under terms of the proposal GGP shareholders will receive $23.00 cash or 0.9656 shares of Brookfield Property Partners common stock per share, subject to proration, valuing the transaction at approximately $40 billion. We continue to monitor the situation. Announcement date: 11/13/17
MagicJack Vocaltec Ltd. (CALL-$8.35-NASDAQ) agreed to be acquired by B.Riley Financial (RILY-$18.00-NASDAQ). MagicJack offers voice over IP technology and services. Under terms of the agreement MagicJack shareholders will receive $8.71 cash per share, valuing the transaction at approximately $150 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2018. Announcement date: 11/09/17
Aldermore Group plc (ALD LN-£3.11-London) agreed to be acquired by FirstRand Ltd. (FSR SJ-ZAR5,635.00-Johannesburg). Aldermore lends to small and medium-sized businesses and residential mortgage borrowers in the United Kingdom. Under terms of the agreement Aldermore shareholders will receive £3.13 in cash per share, valuing the transaction at approximately £1.1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 11/06/17
AuRico Metals, Inc. (AMI CN-C$1.79-Toronto) agreed to be acquired by Centerra Gold, Inc. (CG CN-C$7.30-Toronto). AuRico Metals operates gold and copper mining properties in British Columbia, Canada and owns a portfolio of royalty assets located in North America and Australia. Under terms of the agreement AuRico Metals shareholders will receive C$1.80 cash per share, valuing the transaction at approximately C$300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 11/06/17
Qualcomm Incorporated (QCOM-$66.34-NASDAQ) received an unsolicited proposal to be acquired by Broadcom Limited (AVGO-$277.94-NASDAQ). Qualcomm designs and licenses semiconductors and related technology utilized predominately in mobile phones. Under the proposed terms of the agreement Qualcomm shareholders would receive $60.00 cash and $10.00 of Broadcom common stock per share, valuing the transaction at approximately $105 billion. Qualcomm has rejected the offer as inadequate and Broadcom subsequently launched a proxy fight, proposing its own slate of eleven directors to Qualcomm’s Board. We continue to closely monitor the situation. Announcement date: 11/06/17
CalAtlantic Group, Inc. (CAA-$49.34-NYSE) agreed to be acquired by Lennar Corporation (LEN-$55.67-NYSE). CalAtlantic Group builds primarily single family homes across the United States. Under terms of the agreement CalAtlantic shareholders will receive $48.26 cash or 0.885 shares of Lennar common stock per share, subject to proration, valuing the transaction at approximately $9 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 10/30/17
Capella Education Company (CPLA-$81.45-NASDAQ) agreed to be acquired by Strayer Education, Inc. (STRA-$93.73-NASDAQ). Capella provides educational services through online post-secondary degree programs. Under terms of the agreement Capella Education shareholders will receive 0.875 shares of Strayer Education common stock per share, valuing the transaction at approximately $1 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the third quarter of 2018. Announcement date: 10/30/17
Dynegy, Inc. (DYN-$12.45-NYSE) agreed to be acquired by Vistra Energy (VST-$19.44-NYSE). Dynegy sells electricity in wholesale and retail markets in the U.S., which it generates from natural gas and coal resources. Under terms of the agreement Dynegy shareholders will receive 0.652 shares of Vistra Energy common stock per share, valuing the transaction at approximately $11 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the second quarter of 2018. Announcement date: 10/30/17
Advanced Accelerator Applications SA (AAAP-$81.00-NASDAQ) agreed to be acquired by Novartis AG (NVS-$82.58-NYSE). Advanced Accelerator develops diagnostic and therapeutic products for a variety of medical applications. Under terms of the agreement Advanced Accelerator Applications shareholders will receive $82.00 cash per share, valuing the transaction at approximately $4 billion. The transaction is subject to the tender of at least 80% of shares outstanding, as well as regulatory approvals and is expected to close in first quarter of 2018. Announcement date: 10/30/17
Enzymotec Ltd. (ENZY-$11.75-NASDAQ) agreed to be acquired by Frutarom Industries, Ltd. (FRUT IT-ILS 289.90-Tel Aviv). Enzymotec supplies specialty lipid-based ingredients and products used in various foods and nutritional supplements. Under terms of the agreement Enzymotec shareholders will receive $11.90 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 10/29/17
Gigamon, Inc. (GIMO-$-NYSE) agreed to be acquired by Elliott Management. Gigamon provides network monitoring software and data services to various enterprise and government customers. Under terms of the agreement Gigamon shareholders will receive $38.50 cash per share, valuing the transaction at approximately $1.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 10/26/17
Inventure Foods, Inc. (SNAK-$4.00-NASDAQ) agreed to be acquired by Utz Quality Foods. Inventure Foods manufactures and markets specialty snacks under various brand names. Under terms of the agreement Inventure Foods shareholders will receive $4.00 cash per share, valuing the transaction at approximately $170 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close by the end of 2017. Announcement date: 10/26/17
Planet Payment, Inc. (PLPM-$4.47-NASDAQ) agreed to be acquired by Fintrax Group. Planet Payment provides international payments processing and multi-currency processing services. Under terms of the agreement Planet Payment shareholders will receive $4.50 cash per share, valuing the transaction at approximately $200 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close by the end of 2017. Announcement date: 10/26/17
Aecon Group Inc. (ARE CN-C$19.43-Toronto) agreed to be acquired by CCCC International Holding Limited. Aecon Group provides integrated turnkey services to private and public sector clients in the infrastructure, energy, and mining sectors. Under terms of the agreement Aecon shareholders will receive C$20.37 cash per share, valuing the transaction at approximately C$1.7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018.
Alterra Power Corporation (AXY CN-C$7.84-Toronto) agreed to be acquired by Innergex Renewable Energy, Inc. (INE CN-C$14.09-Toronto). Alterra Power owns, operates and develops renewable power projects in Canada and Iceland. Under terms of the agreement Alterra Power shareholders will receive C$2.06 cash and 0.4172 shares of Innergex common stock per share, valuing the transaction at approximately C$1.1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 10/26/17
Refresco Group NV (RFRG NA-€19.85-Amsterdam) agreed to be acquired by a consortium of PAI Partners SAS and British Columbia Investment Management Corporation. Refresco bottles soft drinks and fruit juices for retailers and branded customers. Under terms of the agreement Refresco shareholders will receive €20.00 cash per share, valuing the transaction at approximately €3.4 billion. The transaction is subject to the tender of at least 95% of shares outstanding, as well as regulatory approvals and is expected to close in first quarter of 2018. Announcement date: 10/25/17
BroadSoft, Inc. (BSFT-$54.85-NASDAQ) agreed to be acquired by Cisco Systems, Inc. (CSCO-$34.15-NASDAQ). BroadSoft provides contact center and unified communication solutions for businesses and service providers. Under terms of the agreement BroadSoft shareholders will receive $55.00 cash per share, valuing the transaction at approximately $2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 10/23/17
Deltic Timber Corporation (DEL-$92.61-NYSE) agreed to be acquired by Potlatch Corporation (PCH-$51.80-NASDAQ). Deltic owns and manages over 500,000 acres of timberland assets in the United States. Under terms of the agreement Deltic shareholders will receive 1.80 shares of Potlatch common stock per share, valuing the transaction at approximately $1.4 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the first half of 2018. Announcement date: 10/23/17
Exactech, Inc. (EXAC-$41.85-NASDAQ) agreed to be acquired by TPG Capital. Exactech develops orthopedic implant devices, surgical instruments and biologic materials used by hospitals and physicians. Under terms of the agreement Exactech shareholders will receive $42.00 cash per share, valuing the transaction at approximately $600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 10/23/17
Abertis Infraestructuras SA (ABE SM-€16.29-Madrid) received a superior proposal from Hochtief AG (HOT GY-€151.50-Frankfurt) topping a previous offer from Atlantia SpA (ATL IM-€28.00-Milan). Abertis manages the construction, maintenance and operation of highways across Europe, South America and North America. Under proposed terms of the agreement Abertis shareholders would receive €18.76 cash or 0.1281 shares of Hochtief common stock per share, subject to proration, valuing the transaction at approximately €33 billion. We continue to closely monitor the situation. Announcement date: 10/18/17
NewStar Financial, Inc. (NEWS-$12.28-NASDAQ) agreed to be acquired by First Eagle Investment Management. NewStar Financial provides commercial finance services through its commercial lending and asset management segments. Under terms of the agreement NewStar shareholders will receive $11.44 cash per share plus one Contingent Value Right (CVR) worth up to $1.00 per CVR, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 10/17/17
Ruby Tuesday, Inc. (RT-$2.37-NYSE) agreed to be acquired by NRD Capital. Ruby Tuesday owns and franchises approximately 600 of its brand name restaurants globally. Under terms of the agreement Ruby Tuesday shareholders will receive $2.40 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 10/16/17
Mantra Group Limited (MTR AU-A$3.90-Sydney) agreed to be acquired by Accor SA (AC FP-€10.03-Paris). Mantra Group manages over 125 hotel properties across Australia, New Zealand, Indonesia, and the United States. Under terms of the agreement Mantra shareholders would receive A$3.96 cash per share, valuing the transaction at approximately A$1.2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 10/09/17
Omega Protein Corp. (OME-$21.90-NYSE) agreed to be acquired by Cooke, Inc. Omega Protein produces nutritional products such as specialty oils and proteins used in foods, dietary supplements and animal feeds. Under terms of the agreement Omega Protein shareholders will receive $22.00 cash per share, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 10/06/17
The Jean Coutu Group, Inc. (PJC/A CN-C$24.48-Toronto) agreed to be acquired by Metro Inc. (MRU CN-C$40.61-Toronto). Jean Coutu operates a network of over 400 franchised retail pharmacies in Canada. Under terms of the agreement Jean Coutu shareholders will receive C$24.50 in cash and shares of Metro common stock per share, subject to proration, valuing the transaction at approximately C$4.5 billion The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2018. Announcement date: 10/02/17
Polaris Materials Corporation (PLS CN-C$3.36-Toronto) agreed to be acquired by U.S. Concrete, Inc. (USCR-$76.30-NASDAQ). Polaris Materials develops and operates construction aggregate quarries in Canada. Under terms of the agreement Polaris shareholders will receive $C3.40 cash per share, valuing the transaction at approximately C$400 million. Previously in August, Polaris agreed to be acquired by Vulcan Materials Company (VMC-$119.60-NYSE) for C$2.79 cash per share, but this transaction was terminated after Vulcan declined to increase its deal price. The transaction with U.S. Concrete is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 09/29/17
Exa Corporation (EXA-$24.18-NASDAQ) agreed to be acquired by Dassault Systemes SE (DAST FP-€85.59-Paris). Exa develops simulation software that manufacturers use during the design and engineering processes. Under terms of the agreement Exa shareholders will receive $24.25 cash per share, valuing the transaction at approximately $400 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 09/28/17
Nets A/S (NETS DC-DKK163.00-Copenhagen) agreed to be acquired by a consortium of private equity firms led by Hellman and Friedman. Nets provides payment technology and services that allow merchants and banks to process credit and debit transactions as well as online payments. Under terms of the agreement Nets shareholders will receive DKK165.00 cash per share, valuing the transaction at approximately DKK40 billion. The transaction is subject to the tender of at least 90% of shares outstanding, as well as regulatory approvals and is expected to close in first quarter of 2018. Announcement date: 09/25/17
Imagination Technologies Group plc (IMG LN-£1.68-London) agreed to be acquired by Canyon Bridge Capital Partners, LLC. Imagination Technologies develops and licenses intellectual property for its semiconductor processors which are used in multimedia and communication applications. Under terms of the agreement Imagination Technologies shareholders will receive £1.82 cash per share, valuing the transaction at approximately £500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 09/22/17
Calgon Carbon Corporation (CCC-$21.40-NYSE) agreed to be acquired by Kurary Co, Ltd. (3405 JP-¥2,104.00-Tokyo). Calgon Carbon manufactures activated carbon, which has applications in purification and treatment processes for liquids and gases. Under terms of the agreement Calgon shareholders will receive $21.50 cash per share, valuing the transaction at approximately $1.3 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the end of 2017. Announcement date: 09/21/17
NYX Gaming Group Limited (NYX CN-C$2.36-Toronto) agreed to be acquired by Scientific Games Corporation (SGMS-$45.85-NASDAQ). NYX Gaming Group develops and provides digital games to casino operators globally. Under terms of the agreement NYX Gaming shareholders will receive $C2.40 cash per share, valuing the transaction at approximately C$600 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 09/20/17
Bob Evans Farms, Inc. (BOBE-$77.51-NASDAQ) agreed to be acquired by Post Holdings, Inc. (POST-$88.27-NYSE). Bob Evans Farms produces and distributes a variety of refrigerated and frozen convenience food items including potatoes, pasta, pork sausage, and other vegetable-based side dishes. Under terms of the agreement Bob Evans shareholders will receive $77.00 cash per share, valuing the transaction at approximately $1.6 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 09/19/17
Silver Spring Networks, Inc. (SSNI-$16.17-NYSE) agreed to be acquired by Itron, Inc. (ITRI-$77.45-NASDAQ). Silver Springs provides smart grid solutions which enable Internet of Things (IoT) applications for critical infrastructure. Under terms of the agreement Silver Springs shareholders will receive $16.25 cash per share, valuing the transaction at approximately $900 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 09/18/17
Orbital ATK, Inc. (OA-$133.16-NYSE) agreed to be acquired by Northrop Grumman Corporation (NOC-$287.72-NYSE). Orbital ATK designs and manufactures space, defense and aviation systems as both a prime contractor and merchant supplier. Under terms of the agreement Orbital shareholders will receive $134.50 cash per share, valuing the transaction at approximately $9 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first half of 2018. Announcement date: 09/18/17
Richmont Mines Inc. (RIC CN-C$11.63-Toronto) agreed to be acquired by Alamos Gold Inc. (AGI CN-C$8.43-NASDAQ). Richmont Mines operates two gold producing mines located in Canadian provinces of Ontario and Quebec. Under terms of the agreement Richmont shareholders will receive 1.385 shares of Alamos Gold common stock per share, valuing the transaction at approximately C$900 million. . The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 09/11/17
Landauer, Inc. (LDR-$67.30-NYSE) agreed to be acquired by Fortive Corporation (FTV-$70.79-NYSE). Landauer provides radiation monitoring products and services for the healthcare, education and energy industries. Under terms of the agreement Landauer shareholders will receive $67.25 cash per share, valuing the transaction at approximately $700 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in fourth quarter of 2017. Announcement date: 09/06/17
Rockwell Collins, Inc. (COL-$130.71-NYSE) agreed to be acquired by United Technologies Corporation (UTX-$116.08-NYSE). Rockwell Collins provides avionics and information technology systems to government agencies and aircraft manufacturers. Under terms of the agreement Rockwell Collins shareholders will receive $140.00 cash and shares of United Technologies common stock per share, subject to a collar, valuing the transaction at approximately $30 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close by the third quarter of 2018. Announcement date: 09/04/17
Kite Pharma, Inc. (KITE-$177.99-NASDAQ), a biopharmaceutical company that develops treatments that enable patients’ immune systems to fight cancer, agreed to be acquired by Gilead Sciences for $180 cash per share, or about $10 billion. Announcement date: 8/28/2017
Calpine Corp. (CPN-$14.70-NYSE), an independent power producer that generates and sells electricity in 19 U.S. states and Canada, agreed to be acquired by a consortium led by Canada Pension Plan for $15.25 cash per share, or about $17 billion. Announcement date: 8/18/2017
Guidance Software, Inc. (GUID-$7.10-NASDAQ) agreed to be acquired by Open Text Corp. (OTEX-$32.36-NASDAQ). Guidance Software provides mission critical security software applications for businesses. Under the terms of the agreement Guidance Software shareholders will receive $7.10 cash per share, valuing the transaction at approximately $250 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in third quarter of 2017. Announcement date: 7/26/2017
Jimmy Choo plc (CHOO LN-£2.29-London) agreed to be acquired by Michael Kors Holdings Ltd (KORS-$42.12-NYSE). Jimmy Choo manufactures and markets luxury shoes, handbags and other fashion apparel. Under the terms of the transaction Jimmy Choo shareholders will receive £2.30 cash per share, valuing the transaction at approximately £1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 7/25/2017
NeuroDerm Ltd. (NDRM-$38.60-NASDAQ), which develops products to treat central nervous system (CNS) disorders, agreed to be acquired by Mitsubishi Tanabe Pharma Corp. for $39.00 cash per share, or about $1 billion. Announcement date: 7/24/2017
Dominion Diamond Corporation (DDC-$14.15-NYSE) agreed to be acquired by The Washington Companies under an improved offer. Dominion Diamond owns interest in two major producing diamond mines in the Northwest Territories of Canada. Under the terms of the transaction Dominion Diamond shareholders will receive $14.25 cash per share, valuing the transaction at approximately $1.2 billion. In February, Washington made an unsolicited bid to acquire Dominion for $13.50 cash per share, which prompted DDC to pursue a sale process. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 7/17/2017
Sandvine Corp (SVC CN-C$4.29-Toronto) agreed to be acquired by Francisco Partners Management LLC. Sandvine provides network policy control solutions for communications service providers. Under terms of the agreement Sandvine shareholders will receive C$4.40 cash per share, valuing the transaction at approximately C$600 million. Sandvine previously had an agreement to be acquired by Vector Capital for C$3.80 per share, which it terminated after deeming Francisco Partners’ offer superior. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2017. Announcement date: 7/17/2017
Westar Energy Inc. (WR – $53.02 – NYSE) is a Topeka, Kansas-based electric utility company. On May 31, 2016, Westar agreed to be acquired by Great Plains Energy for $60 per share — $51 in cash consideration and $9.00 in Great Plains Energy common stock, for a total value of $12.2 billion. The deal was subject to shareholder and regulatory approvals and was expected to close in the spring of 2017; however, the Kansas Corporation Commission blocked the deal. The companies reworked the merger in early July, such that it became an all-stock merger of equals that addressed many of the Commission’s concerns. Westar shareholders will now receive one share of the newly combined company, and Great Plains’ holders will receive 0.5981 of these shares. The newly crafted merger is expected to close in the first half of 2018. Announcement date: 7/10/2017
ClubCorp Holdings Inc. (MYCC-$17.00-NYSE) agreed to be acquired by Apollo Global Management, LLC (APO-$29.46-NYSE). ClubCorp owns and operates private golf and country clubs throughout the United States. Under the terms of the agreement ClubCorp shareholders will receive $17.12 cash per share, valuing the transaction at approximately $2.2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 7/09/2017
Novae Group plc (NVA LN-£7.10-London) agreed to be acquired by Axis Capital Holdings (AXS-$64.58-NYSE). Novae Group underwrites property and casualty insurance policies in various risk markets. Under the terms of the agreement Novae Group shareholders will receive £7.00 cash per share, valuing the transaction at approximately £500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 7/05/2017
Worldpay Group plc (WPG LN-£4.12-London), which provides payments processing technology to merchants, reached a preliminary agreement to be acquired by Vantiv for £0.55 cash and 0.0672 shares of Vantiv common stock per share, or about £9 billion. Announcement date: 7/05/2017
Monogram Residential Trust, Inc. (MORE-$11.96-NYSE) agreed to be acquired by Greystar Growth and Income Fund. Monogram Residential Trust owns, operates, and develops luxury apartment communities with a significant presence in select coastal markets. Under terms of the agreement Monogram shareholders will receive $12.00 cash per share, valuing the transaction at approximately $3.4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2017. Announcement date: 7/04/2017
WebMD Health Corp. (WBMD-$66.47-NASDAQ), which provides health information services through its online portals, agreed to be acquired by KKR for $66.50 cash, or about $2.8 billion. Announcement date: 7/04/2017
Bankrate Inc. (RATE-$13.90-NYSE) agreed to be acquired by Red Ventures LLC. Bankrate aggregates and distributes personal finance content through its online platform. Under the terms of the agreement Bankrate shareholders will receive $14.00 cash per share, valuing the transaction at approximately $1.4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 7/03/2017
Parkway, Inc. (PKY-$22.89-NASDAQ) agreed to be acquired by Canada Pension Plan Investment Board. Parkway is a REIT that owns and operates office properties in Houston, Texas. Under terms of the agreement Parkway shareholders will receive $23.05 cash per share, valuing the transaction at approximately $1.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 6/30/2017
PrivateBancorp, Inc. (PVTB-$59.59-NASDAQ) agreed to be acquired by Canadian Imperial Bank of Commerce (CM-$78.07-NYSE) under improved terms. PrivateBancorp provides commercial and personal banking, as well as investment management services. Under terms of the agreement PrivateBancorp shareholders will receive $27.20 cash and 0.4176 shares of CIBC common stock per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second quarter of 2017. Announcement date: 06/29/2017
West Marine, Inc. (WMAR-$12.85-NASDAQ) agreed to be acquired by Monomoy Capital Partners. West Marine is a retailer of boating, fishing, and watersports equipment and apparel through its 250+ stores and ecommerce platform. Under terms of the agreement West Marine shareholders will receive $12.97 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2017. Announcement date: 6/29/2017
Spectranetics Corporation (SPNC-$38.40-NASDAQ) agreed to be acquired by Royal Philips (PHG-$35.82-NYSE). Spectranetics develops, manufactures and markets medical devices used in minimally invasive procedures within the cardiovascular space. Under terms of the agreement Spectranetics shareholders will receive $38.50 cash per shares, valuing the transaction at approximately $2 billion. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in third quarter of 2017. Announcement date: 6/28/2017
Staples, Inc. (SPLS-$10.07-NASDAQ) agreed to be acquired by Sycamore Capital Partners. Staples provides products and services for business customers and consumers. Under terms of the agreement Staples shareholders will receive $10.25 cash per share, valuing the transaction at approximately $6.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2017. Announcement date: 6/28/2017
EnerNOC, Inc. (ENOC-$7.75-NASDAQ) agreed to be acquired by Enel SpA (ENEI IT-€4.69-Milan). EnerNOC develops cloud-based energy intelligence software used by companies to manage the budgeting, procurement, and optimization of energy. Under terms of the agreement EnerNOC shareholders will receive $7.67 cash per share, valuing the transaction at approximately $300 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in third quarter of 2017. Announcement date: 6/21/2017
PAREXEL International Corporation (PRXL-$86.91-NASDAQ) agreed to be acquired by Pamplona Capital Management, LLP. PAREXEL provides research, consulting and technology solutions and services to the pharmaceutical, biotechnology, and medical device industries. Under terms of the agreement PAREXEL shareholders will receive $88.10 cash per share, valuing the transaction at approximately $5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 6/20/2017
NOVADAQ Technologies Inc. (NVDQ-$11.72-NASDAQ) agreed to be acquired by Stryker Corporation (SYK-$138.78-NYSE). NOVADAQ Technologies develops and manufactures point of care imaging solutions used by physicians and surgeons. Under terms of the agreement NOVADAQ shareholders will receive $11.75 cash per share, valuing the transaction at approximately $700 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2017. Announcement date: 06/19/2017
Whole Foods Market Inc.(WFM – $42.11 – NASDAQ) is an Austin, Texas based supermarket chain that offers organic food products. WFM agreed to be acquired by Amazon on June 16, 2017, for $42 per share in cash, which valued the company at $13.7 billion. The transaction requires shareholder and regulatory approvals, and is expected to close in the second half of 2017. Announcement date: 6/16/2017
Rice Energy Inc. (RICE-$26.63-NYSE) agreed to be acquired by EQT Corporation (EQT-$58.59-NYSE). Rice Energy explores and develops natural gas and oil properties in the Appalachian Basin. Under terms of the agreement Rice Energy shareholders will receive $5.30 cash and 0.37 shares of EQT common stock per share, valuing the transaction at approximately $7 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 6/19/2017
Rightside Group, Ltd. (NAME-$10.62-NASDAQ) agreed to be acquired by Donuts Inc. Rightside Group offers a platform for the discovery, registration, and usage of domain names. Under terms of the agreement Rightside Group shareholders will receive $10.60 cash per shares, valuing the transaction at approximately $200 million. The transaction is subject to the tender of at least a majority of shares outstanding, as well as regulatory approvals and is expected to close in third quarter of 2017. Announcement date: 6/14/2017
DuPont Fabros Technology, Inc. (DFT-$61.16-NYSE) agreed to be acquired by Digital Realty Trust Inc. (DLR-$112.95-NYSE). DuPont Fabros is a REIT that owns, operates, and develops data center properties. Under terms of the agreement DuPont Fabros shareholders will receive 0.545 shares of Digital Realty common stock per share, valuing the transaction at approximately $6 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the second half of 2017. Announcement date: 6/09/2017
Albany Molecular Research, Inc. (AMRI-$21.70-NASDAQ) agreed to be acquired by The Carlyle Group and GTCR LLC. Albany Molecular Research provides outsourced research and manufacturing services to the life sciences industry. Under terms of the agreement Albany Molecular shareholders will receive $21.75 cash per share, valuing the transaction at approximately $1.5 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2017. Announcement date: 6/06/2017
Covisint Corporation (COVS-$2.45-NASDAQ) agreed to be acquired by Open Text Corporation (OTEX-$31.54-NASDAQ). Covisint provides cloud-based Internet of Things and Identity Management-centric enterprise solutions to companies across various industries. Under terms of the agreement Covisint shareholders will receive $2.45 cash per share, valuing the transaction at approximately $100 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2017. Announcement date: 6/05/2017
Forestar Group Inc. (FOR-$17.15-NYSE) agreed to sell 75% of the company to D.R. Horton, Inc. (DHI-$34.57-NYSE). Forestar Group develops real estate properties across the United States with interest in approximately 50 residential and mixed-use projects. Under terms of the agreement Forestar Group shareholders will receive $17.75 cash per share, valuing the transaction at approximately $700 million. The deal was the result of a bidding war that began with a $14.25 cash per share offer from Starwood Capital Group for 100% of the company. After increased bids from each party, D.R. Horton’s bid was deemed superior. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 6/05/2017
Linde AG (LIN GR-€165.80-Frankfurt) agreed to be acquired by Praxair Inc. (PX-$132.55-NYSE). Linde is a global supplier of industrial, process and specialty gases. Under terms of the agreement Linde shareholders will receive 1.54 shares of Praxair common stock per share, valuing the transaction at approximately €42 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close by the end of 2017. Announcement date: 6/02/2017
Atwood Oceanics, Inc. (ATW-$10.04-NYSE) agreed to be acquired by Ensco plc (ESV-$6.24-NYSE). Atwood Oceanics drills and completes exploration and development wells for the global oil and gas industry. Under terms of the agreement Atwood shareholders will receive 1.6 shares of Ensco common stock per share, valuing the transaction at approximately $1.7 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the third quarter of 2017. Announcement date: 5/30/2017
Xactly Corporation (XTLY-$15.70-NYSE) agreed to be acquired by Vista Equity Partners. Xactly provides cloud-based, enterprise software solutions focused on employee and sales performance management. Under terms of the agreement Xactly shareholders will receive $15.65 cash per share, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2017. Announcement date: 5/30/2017
CardConnect Corp. (CCN-$15.00-NASDAQ) agreed to be acquired by First Data Corporation (FDC-$17.13-NYSE). CardConnect provides payment processing and technology solutions with offerings for businesses of all sizes. Under terms of the agreement CardConnect shareholders will receive $15.00 cash per shares, valuing the transaction at approximately $800 million.. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2017. Announcement date: 05/29/2017
Tembec, Inc. (TMB CN-C$4.47-Toronto) agreed to be acquired by Rayonier Advanced Materials Inc. (RYAM-$17.39-NYSE). Tembec manufactures lumber, paper and other forest products. Under terms of the agreement Tembec shareholders will receive C$4.05 cash per share or 2.302 shares of Rayonier common stock per share, subject to proration, valuing the transaction at approximately C$800 million.. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 5/25/2017
Fidelity & Guarantee Life (FGL-$30.85-NYSE) agreed to be acquired by CF Corporation (CFCO-$11.12-NASDAQ). Fidelity & Guarantee Life offers fixed annuity and life insurance products, which are distributed through a network of independent agents. Under terms of the agreement Fidelity & Guarantee shareholders will receive $31.10 cash per shares, valuing the transaction at approximately $2.2 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 05/24/2017
Global Sources Ltd. (GSOL-$20.90-NASDAQ) agreed to be acquired by Expo Holdings Ltd. Global Sources provides integrated marketing services that allow global buyers to identify products and enable suppliers to market those products, predominately between China and the rest of the world. Under terms of the agreement Global Sources shareholders will receive $20.00 cash per shares, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in June 2017. Announcement date: 05/23/2017
Huntsman Corporation (HUN-$23.90-NYSE) agreed to be acquired by Clariant AG (CLN VX-€21.05-Zurich). Huntsman manufactures and markets thousands of chemical products for a variety of consumers and end markets. Under terms of the agreement Huntsman shareholders will receive 1.2196 shares of Clariant common stock per share, valuing the transaction at approximately $10 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close by the end of 2017. Announcement date: 5/22/2017
Nutraceutical International Corporation (NUTR-$41.75-NASDAQ) agreed to be acquired by HGGC, LLC. Nutraceutical markets and distributes branded nutritional supplements and other natural products. Under terms of the agreement Nutraceutical shareholders will receive $41.80 cash per shares, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2017. Announcement date: 5/22/2017
Berendsen plc (BRSN FP-£12.30-London) agreed to be acquired by Elis SA (ELIS FP-€20.06-Paris) under improved terms. Berendsen provides outsourced uniform, hygiene, and safety solutions across Europe. Under terms of the agreement Berendsen shareholders will receive €5.40 cash and 0.403 shares of Elis common stock per share, valuing the transaction at approximately €2.2 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2017. Announcement date: 5/16/2017
Abertis Infraestructuras SA (ABE SM-€16.29-Madrid) agreed to be acquired by Atlantia SpA (ATL IM-€24.78-Milan). Abertis manages the construction, maintenance and operation of highways across Europe, South America and North America. Under terms of the agreement Abertis shareholders will receive €16.50 common stock per share, valuing the transaction at approximately €30 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close by the end of 2017. Announcement date: 5/15/2017
Patheon N.V. (PTHN-$34.71-NYSE) agreed to be acquired by Thermo Fisher Scientific Inc. (TMO-$172.79-NYSE). Patheon provides outsourced pharmaceutical development and manufacturing services. Under terms of the agreement Patheon shareholders will receive $35.00 cash per shares, valuing the transaction at approximately $7 billion. . The transaction is subject to the tender of at least 95% of shares outstanding, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 5/15/2017
West Corporation (WSTC-$23.17-NASDAQ) agreed to be acquired by Apollo Global Management, LLC (APO-$27.03-NYSE). West Corporation provides communication and network infrastructure services. Under terms of the agreement West Corporation shareholders will receive $23.50 cash per share, valuing the transaction at approximately $5.1 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2017. Announcement date: 5/10/2017
Kate Spade & Co. (KATE – $18.49 – NYSE) is a New York, New York based apparel and accessories retailer. On May 8, 2017 KATE agreed to be acquired by Coach, Inc. for $18.50 per share in cash representing a $2.4 billion enterprise value. The deal is contingent upon KATE shareholders meeting the minimum tender condition and it requires regulatory approval. The companies expect to close the transaction in the third quarter of 2017. Announcement date: 5/08/2017
Care Capital Properties, Inc. (CCP-$26.29-NYSE) agreed to be acquired by Sabra Health Care REIT, Inc. (SBRA-$23.43-NASDAQ). Care Capital is a healthcare REIT with a portfolio of properties focused on post-acute care. Under terms of the agreement Care Capital shareholders will receive 1.123 shares of Sabra common stock per share, valuing the transaction at approximately $2.5 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the third quarter of 2017. Announcement date: 5/08/2017
Tribune Media Co. (TRCO-$38.20-NYSE) agreed to be acquired by Sinclair Broadcast Group, Inc. (SBGI-$32.40-NASDAQ). Tribune Media owns a diverse portfolio of television and digital assets, including over forty owned local television stations, national cable network WGN America, Tribune Studios and other digital properties. Under terms of the agreement Tribune Media shareholders will receive $35.00 cash and 0.23 shares of Sinclair common stock per share, valuing the transaction at approximately $7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 5/08/2017
VWR Corporation (VWR-$33.06-NASDAQ) agreed to be acquired by Avantor. VWR provides laboratory products and services to life science customers and general research markets. Under terms of the agreement VWR shareholders will receive $33.25 cash per share, valuing the transaction at approximately $6.4 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the third quarter of 2017. VWR is also permitted to solicit superior bids during a 30-day “go-shop” period. Announcement date: 5/05/2017
Capital Bank Financial (CBF-$37.10-NASDAQ) agreed to be acquired by First Horizon National Corporation (FHN-$16.94-NYSE). Capital Bank is a bank holding company with $10 billion in assets that provides commercial and personal banking services in the Florida, North Carolina, South Carolina, and Tennessee. Under terms of the agreement Capital Bank shareholders will receive $7.90 cash and 1.75 shares of First Horizon common stock per share, subject to proration, valuing the transaction at approximately $2 billion. The transaction is subject to approval by shareholders of both companies, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 05/04/2017
OneBeacon Insurance Group, Ltd. (OB-$18.35-NYSE) agreed to be acquired by Intact Financial Corporation (IFC CN-$92.78-Toronto). OneBeacon Insurance underwrites a range of specialty insurance products sold through independent agencies, brokers, and wholesalers. Under terms of the agreement OneBeacon shareholders will receive $18.10 cash per shares, valuing the transaction at approximately $1.7 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 5/02/2017
Jive Software, Inc. (JIVE-$5.28-NASDAQ) agreed to be acquired by ESW Capital, LLC. Jive provides subscription based communication and collaboration software for businesses. Under terms of the agreement Jive shareholders received $5.25 cash per shares, valuing the transaction at approximately $500 million. The transaction was subject to shareholder, as well as regulatory approvals and closed in June 2017. Announcement date: 5/01/2017
Veresen Inc. (VSN CN-C$18.36-Toronto) agreed to be acquired by Pembina Pipeline Corporation (PPL CN-C$43.02-Toronto). Veresen owns and operates energy infrastructure assets across North America. Under terms of the agreement Versen shareholders will receive C$18.65 cash per share or 0.4287 shares of Pembina common stock per share, subject to proration, valuing the transaction at approximately C$10 billion. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the second half of 2017. Announcement date: 5/01/2017
Angie’s List, Inc. (ANGI-$12.04-NASDAQ) agreed to be acquired by IAC/INTERACTIVECORP (IAC-$106.34-NASDAQ). Angie’s List provides its members with reviews, offers and information on various home improvement services. Under terms of the agreement Angie’s List shareholders will receive $8.50 cash per share or one share of Newco, valuing the transaction at approximately $500 million. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the fourth quarter of 2017. Announcement date: 5/01/2017
C.R. Bard Inc. (BCR – $320.04 – NYSE) is a New Providence, New Jersey-based medical equipment company that distributes diagnostic and patient care products. BCR agreed to be acquired by Becton Dickinson and Co. on April 23, 2017 for $222.93 cash + 0.5077 BDX per share. The transaction requires regulatory and shareholder approval and is expected to close in the fall of 2017. Announcement date: 4/23/2017
Straight Path Communications Inc. (STRP-$128.86-NYSE) agreed to be acquired by Verizon Communications Inc. (VZ-$45.91-NYSE). Straight Path holds an extensive portfolio of 39 GHz and 28GHz wireless spectrum licenses. Under terms of the agreement Straight Path shareholders will receive $184.00 cash per share, valuing the transaction at approximately $3 billion. The agreed upon terms were the result of a bidding war between AT&T and Verizon. The transaction is subject to shareholder, as well as regulatory approvals and is expected to close in the first quarter of 2018. Announcement date: 4/20/2017
Panera Bread Co. (PNRA – $314.64 – NASDAQ) is a St. Louis, Missouri-based restaurant services company that operates over 2,000 locations in forty-six states. On April 5, 2017, PNRA agreed to be acquired by JAB for $315 cash per share, representing $7.5 billion in enterprise value. The deal requires regulatory approval and a shareholder vote, and is expected to close during the third quarter of this year. Announcement date: 4/05/2017
UNIWHEELS AG (UNW PW-PLN248.95-Warsaw) agreed to be acquired by Superior Industries International, Inc. (SUP-$19.50-NYSE) under improved terms. UNIWHEELS manufactures original equipment and aftermarket alloy wheels for automobiles. Under terms of the agreement UNIWHEELS shareholders will receive PLN247.87 cash per share, valuing the transaction at approximately PLN3.4 billion. The transaction is subject to the tender of 75% of shares outstanding, as well as regulatory approvals and is expected to close in the second quarter of 2017. Announcement date: 3/23/2017
Zodiac Aerospace SA (ZODC FP-€23.58-Paris) agreed to be acquired by Safran SA (SAF FP-€78.80-Paris) under restructured terms. Zodiac develops interior seating for aircrafts as well as other aerospace equipment and systems. Under terms of the agreement Zodiac shareholders will receive €25.00 cash per share, valuing the transaction at approximately €8 billion. The transaction is subject to the tender of at least 50% of shares outstanding, as well as regulatory approvals and is expected to close by the first quarter of 2018. Announcement date: 1/19/2017
Time Warner Inc. (TWX – $101.60 – NYSE) is an entertainment company based in New York, New York. Through a variety of brands, including HBO, Turner, and Warner Bros, the company produces and distributes a wide array of entertainment and media products. On October 22, 2016, AT&T agreed to acquire Time Warner for $53.75 cash plus $53.75 worth of AT&T stock, subject to a collar. The deal requires both shareholder and regulatory approvals, and values Time Warner at $108.7 billion. It should close prior to year-end 2017. Announcement date: 10/24/2016
Rite Aid Corp. (RAD – $2.95 – NYSE) is a Camp Hill, Pennsylvania based retail drugstore chain. The company originally entered into a $17.2 billion merger with Walgreens Boots Alliance Inc, another international pharmacy operator, during October of 2015. The deal was marked by a lengthy and complex regulatory review which lengthened the timeline past its January 30, 2017 termination date. At that point, the deal was subsequently extended to June 30, 2017 and the price revised to $14.2 billion. Approaching this second termination date and due to opposition by the Federal Trade Commission, the parties restructured the deal to an asset sale whereby Walgreens Boots Alliance will acquire 2,186 Rite Aid Corp. stores across the country for a price of $5.175 billion and the payment of a $325 million termination fee associated with the original deal. The asset sale is expected to face a simpler antitrust approval process and reach its conclusion by the end of the year. Announcement date: 10/27/2015