Expected to close in the second half of 2016 for a closing value of $17.2 billion. Upon completion of the merger, shareholders of Rite Aid Corporation will receive $9.00 per share in cash.

Update(s)

September 9, 2016: Walgreens (WBA) announced that it has been in talks with the Federal Trade Commission (FTC) since its announcement to discuss what actions need to be taken to gain the necessary regulatory blessings of its $17 billion acquisition of RiteAid (RAD).

September 12, 2016: Walgreens (WBA) to Divest More Stores to Close Rite Aid Deal. WBA provided an update to its proposed takeover of Rite Aid Corporation (RAD). Per the requirements stated by the U.S. Federal Trade Commission, for the acquisition to be closed, Walgreens now needs to divest between 500 and 1,000 drug stores.

October 20, 2016: Walgreens Boots Alliance (WBA) and Rite Aid Corporation (RAD) announced that, in accordance with the terms of their merger agreement dated 27 October 2015, they have mutually agreed to extend the end date of their merger agreement from 27 October 2016 to 27 January 2017. The companies now expect the transaction will close in early calendar 2017.

December 20, 2016: Walgreens Boots Alliance (WBA) and Rite Aid Corporation (RAD) announced that they have entered into an agreement to sell 865 Rite Aid stores and certain assets related to store operations to Fred’s (FRED) for $950 million in an all-cash transaction.

January 20, 2017: Rite Aid (RAD) shares were halted after falling 18% on reports that the FTC will not approve Walgreens Boots Alliance’s (WBA) acquisition of the company, even after the two sides promised store divestitures to Fred’s (FRED).

January 26, 2017: The chief executive of Walgreens Boots Alliance (WBA) said that the biggest U.S. drug store chain was pressing on with its purchase of smaller Rite Aid (RAD), which was announced in October 2015 and has not closed.

January 30, 2017: Walgreens Boots Alliance (WBA) and Rite Aid Corporation (RAD) announced that they have entered into an amendment and extension of their previously announced definitive merger agreement. Under the terms of the amendment, the parties have agreed to reduce the price for each share of Rite Aid common stock to be paid by Walgreens Boots Alliance. The revised price will be a maximum of $7.00 per share and a minimum of $6.50 per share.

In addition, Walgreens Boots Alliance will be required to divest up to 1,200 Rite Aid stores and certain additional related assets if required to obtain regulatory approval. The exact price per share will be determined based on the number of required store divestitures, with the price set at $7.00 per share if 1,000 stores or fewer are required for divestiture and at $6.50 per share if 1,200 stores are required for divestiture. If the required divestitures fall between 1,000 and 1,200 stores, then there will be a pro-rata adjustment of the price per share. Walgreens Boots Alliance agreement to divest up to 1,200 Rite Aid stores represents an increase of up to 200 stores over the 1,000 stores that Walgreens Boots Alliance had agreed to divest under the terms of the original agreement.

Additionally, Walgreens Boots Alliance and Rite Aid agreed to extend the end date under the previously announced agreement from 27 January 2017 to 31 July 2017 in order to allow the parties additional time to obtain regulatory approval.

March 15, 2017: Walgreens Boots Alliance (WBA) is trying to secure a deal to sell more locations and assets to Fred’s (FRED) so that it can meet regulatory approval to acquire Rite Aid (RAD).

March 16, 2017: As Walgreens Boots Alliance’s (WBA) acquisition of Rite Aid (RAD) nears FTC approval, Fred’s has added several directors with retail experience to its board.

March 30, 2017: Walgreens (WBA) made a risky move to win regulatory approval for its $9.7 billion merger with Rite Aid (RAD). Walgreen has set a deadline of roughly three months for the FTC to either block the merger or let it go forward.

May 8, 2017: Walgreens Boots Alliance (WBA) and Rite Aid Corporation (RAD) announced that they have certified substantial compliance with the Request for Additional Information from the United States Federal Trade Commission regarding their merger agreement under which Walgreens Boots Alliance proposes to acquire all outstanding shares of Rite Aid.

May 16, 2017: Walgreens (WBA) and Rite Aid (RAD) said they have given the Federal Trade Commission until July 7 to reach a decision on their pending merger, which the commission has been giving antitrust scrutiny since December 2015.

Expected to close in the middle of 2017 for a closing value of $2.7 billion. Upon completion of the merger, shareholders of Genworth Financial will receive $5.43 per share in cash.

Update(s)

December 21, 2016: Genworth Financial (GNW) announced that under the HSR Act, the merger with China Oceanwide Holdings Group may not be completed until certain information and materials have been provided by Asia Pacific and Genworth to the Antitrust Division of the U.S. Department of Justice and the Federal Trade Commission, and the applicable waiting period under the HSR Act has expired or been terminated. The parties filed the required notifications with the Antitrust Division and the FTC on December 7, 2016 and early termination of the applicable waiting period was granted on December 16, 2016.

January 25, 2017: Genworth Financial (GNW) announced that it has filed a definitive proxy statement with the U.S. Securities and Exchange Commission and will commence mailing to stockholders of record the definitive proxy materials in connection with the previously announced transaction with China Oceanwide Holdings Group. The special meeting of Genworth stockholders will be held on Tuesday, March 7, 2017.

March 7, 2017: Genworth Financial (GNW) announced that at its stockholders adopted the previously announced merger agreement with China Oceanwide Holdings Group.

April 29, 2017: China Oceanwide Holdings Group said that it had refiled its application for U.S. approval of its $2.7 billion acquisition of life insurance company Genworth Financial (GNW), in a bid to add more time to the regulatory review.

Expected to close by mid – 2017 in an all stock deal. Under the terms of the Agreement, Destination Maternity shareholders will receive 0.5150 of an Orchestra Prémaman S.A. ordinary share, in the form of American Depositary Shares, for each share of Destination common stock they own.

Expected to close early in 2017 for a closing value of $1.3 billion. Upon completion of the merger, shareholders of Lattice Semiconductor will receive $8.30 per share in cash.

Update(s)

November 30, 2016: Lattice Semiconductor Corporation (LSCC) announced that under the HSR Act and the rules promulgated thereunder, certain transactions exceeding the applicable thresholds require notification to the FTC and DOJ and expiration or termination of the applicable waiting period before the transaction can be consummated, unless an exemption applies. Parent or Merger Sub, on the one hand, and the Company, on the other hand, filed with the FTC and the DOJ on December 9, 2016 a Notification and Report Form relating to the Merger Agreement and the transactions contemplated hereby as required by the HSR Act. Under the HSR Act, the Merger may not be consummated until expiration or early termination of a 30-day waiting period, which will expire on January 9, 2017.

January 27, 2017: Lattice Semiconductor (LSCC) invited its shareholders to attend a special meeting of stockholders of Lattice Semicondutors, which will be held on Feburary 28, 2017. The Merger is subject to routine review by antitrust authorities to determine whether the proposed transaction is likely to substantially lessen competition in any relevant market. Under the Merger Agreement, the Merger cannot be completed until (1) the expiration or termination of the applicable waiting period under the HSR Act, which early termination was granted on January 4, 2017, (2) the expiration or termination of the applicable waiting period under the Austrian Competition Act (Wettbewerbsgesetz) and/or the Austrian Cartel Act (Kartellgesetz), and (3) the clearance of the Merger by CFIUS.

February 28, 2017: Lattice Semiconductor Corporation (LSCC) announced that its shareholders have approved the adoption of the agreement and plan of merger.

March 24, 2017: Canyon Bridge Capital Partners, the China-backed buyout fund that agreed to acquire Lattice Semiconductor (LSCC) in November for $1.3 billion, has resubmitted the deal for U.S. government review.

Expected to close in the spring of 2017 for a closing value of approximately $12.2 billion ina cash plus stock deal. Under the terms of the agreement, Westar shareholders will receive $60.00 per share of total consideration for each share of Westar common stock, consisting of $51.00 in cash and $9.00 in Great Plains Energy common stock, subject to a 7.5 percent collar based upon the Great Plains Energy common stock price at the time of the closing of the transaction, with the exchange ratio for the stock consideration ranging between 0.2709 to 0.3148 shares of Great Plains Energy common stock for each Westar share of common stock, representing a consideration mix of 85 percent cash and 15 percent stock.

Update(s)

September 27, 2016: The KCC issued an order setting a procedural schedule for the application, with a KCC order date of April 24, 2017.  On October 18, 2016, the KCC issued an order stating that, if the KCC staff or other interested parties believe that the joint application does not adequately address the standards by which public utility mergers should be evaluated in Kansas, KCC staff or other interested parties should file for relief, including the potential dismissal of the joint application.

December 20, 2016: The staff of the Kansas Corporation Commission said it couldn’t recommend approval of a merger between Great Plains Energy (GXP) and Westar Energy (WR), saying it contains several flaws. We have extended the closing date for this deal to June 30, 2017.

April 19, 2017: The KCC rejected the merger application filed jointly by Westar Energy (WR) and Great Plains Energy (GXP) with the Kansas Corporation Commission requesting approval of the merger. Westar Energy is evaluating the written order.

May 4, 2017: Great Plains Energy Incorporated (GXP) and Westar Energy (WR) announced that they have filed a Petition for Reconsideration with the Kansas Corporation Commission regarding its April 19, 2017, Order denying approval of Great Plains Energy’s acquisition of Westar.

May 24, 2017: The Kansas Corporation Commission denied the Petition for Reconsideration filed jointly by Great Plains Energy Incorporated (GXP) and Westar Energy (WR) regarding the Commission’s April 19, 2017, Order denying approval of Great Plains Energy’s acquisition of Westar Energy.

Expected to close in the first half of 2017 for a closing value of $5.5 billion. Upon completion of the merger, shareholders of Cabela’s will receive $65.50 per share in cash.

Update(s)

October 25, 2016: Cabela’s Incorporated (CAB) and Parent each filed with the Canadian Competition Bureau pre-merger notification forms pursuant to Section 114(1) of the Competition Act, which triggered the start of the 30-day statutory waiting period under the Competition Act. The waiting period was originally scheduled to expire on November 24, 2016, unless a Supplementary Information Request (“SIR”) was issued by the Bureau pursuant to subsection 114(2) of the Competition Act. On November 24, 2016, the Company and Parent each received from the Bureau a SIR pursuant to subsection 114(2) of the Competition Act. The issuance of a SIR does not indicate that the Bureau has concluded that the transaction raises competition concerns. The SIR reflects a determination by the Bureau that it requires additional information to assess the proposed transaction. The Bureau’s decision has the effect of extending the waiting period applicable to the Merger under the Competition Act, before which the transaction is prohibited by law to close, until 30 days after the day on which the information requested in the SIR has been received by the Bureau from all SIR recipients. The Company and Parent intend to cooperate fully with this request.

On October 25, 2016, the Company and Parent filed their respective notification and report forms under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), with the Antitrust Division of the Department of Justice and the United States Federal Trade Commission, which triggered the start of the HSR Act waiting period. The statutory waiting period was originally scheduled to expire on November 25, 2016. Effective November 25, 2016, with the Company’s prior consent, Parent voluntarily withdrew its HSR Act notification to provide the FTC an extension beyond the initial 30-day HSR Act waiting period to conduct its review. On November 29, 2016, Parent re-filed its HSR Act notification with the FTC and DOJ. The new waiting period under the HSR Act will expire on December 29, 2016, unless the DOJ or FTC grants early termination of the HSR Act waiting period or formally requests additional information concerning the Merger.

December 30, 2016: U.S. fishing and hunting equipment retailer Cabela’s (CAB), which is being bought by privately held rival Bass Pro Shops, said the Federal Trade Commission had sought more information from the companies about the deal. Capital One had informed the company that it does not expect to get approval for acquiring the credit card business, called World’s Foremost Bank, before Oct. 3, 2017, hence not allowing the deal to close in the first half of 2017.

February 23, 2017: The possibility of Gander Mountain’s bankruptcy could derail Cabela’s (CAB) merger with Bass Pro Shops.

April 17, 2017: Bass Pro Shops announced that it is lowering the price it will pay to buy  Cabela’s (CAB) as part of an amended merger agreement. Bass Pro will now acquire Cabela’s for $61.50 per share in cash, or about $5 billion. The merger is now expected to close in the third quarter of 2017.

Expected to close in the fourth quarter of 2017 for a closing value of $6.6 billion in a cash plus stock deal. Under the terms of the agreement, Tribune stockholders will receive $35.00 in cash and 0.23 shares of Sinclair Class A common stock for each share of Tribune Class A common stock and Class B common stock they own.

Expected to close by the end of the year for a closing value of $6.72 billion in an all stock deal. Under the terms of the agreement, Huntsman shareholders receive 1.2196 shares in HuntsmanClariant for each Huntsman share (each existing Clariant share will remain outstanding as a share in HuntsmanClariant).

Expected to close by the end of 2017 for a closing value of $66 billion. Upon completion of the merger, shareholders of Monsanto will receive $128 per share in cash.

Update(s)

March 9, 2017: According to Reuters, Bayer (BAYRY) and Monsanto (MON) are launching asset sales worth roughly $2.5 billion as they seek regulatory clearance for their $66 billion merger, people close to the matter said.

Expected to close before year-end 2017 for a closing value of $108.7 billion in a cash plus stock deal. Under the terms of the agreement, Time Warner shareholders will receive $107.50 per share under the terms of the merger, comprised of $53.75 per share in cash and $53.75 per share in AT&T stock. The stock portion will be subject to a collar such that Time Warner shareholders will receive 1.437 AT&T shares if AT&T’s average stock price is below $37.411 at closing and 1.3 AT&T shares if AT&T’s average stock price is above $41.349 at closing.

Update(s)

December 1, 2016: AT&T (T) executives reportedly met with members of Donald Trump’s transition team, which told the telecom company its proposed merger would be scrutinized without prejudice. Executives are apparently confident the deal can pass regulatory review.

December 22, 2016: AT&T (T) announced that it has found a leader for its integration with Time Warner (TWX). The Dallas telecom has chosen Lori Lee, who currently serves as senior executive vice president and global marketing officer.

December 23, 2016: Brean Capital’s Alan Gould mentioned in a note that the arbitrage discount to the AT&T (T) to acquire Time Warner (TWX) has shrunk from the high teens to 12 percent. Gould downgraded the rating on Time Warner from Buy to Hold.

January 6, 2017: Dallas-based AT&T (T) said in a securities filing that it anticipates Time Warner (TWX) will not need to transfer any of its FCC licenses to AT&T, which would likely mean the deal will only need the approval of the U.S. Justice Department.

January 9, 2017: Time Warner (TWX) invited its stockholders to attend a special meeting of the shareholders of Time Warner that will be held on February 15. The deal could hit a roadblock unless Time Warner shareholders holding at least a majority of the shares outstanding as of the close of January 3, 2017 — the record for the special meeting — vote in favor of the transaction.

February 15, 2017: Time Warner (TWX) shareholders voted in unanimous favor of the company’s proposed $85-billion merger with AT&T (T).

February 23, 2017: Time Warner (TWX) said it plans to sell a broadcast station in Atlanta to Meredith (MDP) for $70 million, which could help speed the company’s planned merger with AT&T Inc (T).

February 27, 2017: The new chairman of the Federal Communications Commission said he didn’t expect the agency to have a role in reviewing AT&T (T)’s $85 billion takeover of Time Warner (TWX).

March 15, 2017: The European Union approved AT&T’s (T) proposed $85 billion purchase of Time Warner (TWX), saying that it raises no competition concerns in Europe.

April 18, 2017: The U.S. Federal Communications Commission said that it approved Time Warner’s (TWX) sale of a broadcast station in Atlanta to Meredith Corp (MDP), a transaction that could help speed Time Warner’s planned merger with AT&T (T).

Expected to close in the second quarter of 2018 for a closing value of $6.4 billion. Upon completion of the merger, sharheolders of WGL Holdings will receive $88.25 per share in cash.

Expected to close in the second half of 2017 for a closing value of $2.7 billion in an all stock deal. Under the terms of the agreement, each Amec Foster Wheeler Shareholder will receive for each Amec Foster Wheeler Share, 0.75 New Wood Group Shares.

Expected to close in the fourth quarter of 2017 for a closing value of $778.4 million. Under the terms of the agreement, shareholders of Stonegate Bank will receive $49 per share with $50 million paid in cash and $699.8 million paid in stock subject to a collar and based on a 20 day Volume Weighted-Average Price (“VWAP”) of Home BancShares three days prior to closing.

Expected to close in the second half of 2017 for a closing value of $880 million. Upon completion of the merger, shareholders of MoneyGram International will receive $13.25 per share in cash.

Update(s)

March 14, 2017: MoneyGram (MGI), confirmed that it has received an unsolicited proposal from Euronet Worldwide (EEFT) to acquire all of the outstanding shares of MoneyGram Common Stock and Preferred Stock for $15.20 per share in cash on an as-converted basis.

March 17, 2017: Ant Financial Services Group said that it is confident of closing a deal for MoneyGram International (MGI), despite a higher bid from a U.S. rival.

March 20, 2017: MoneyGram (MGI) announced that its board of directors, after consultation with its outside legal and financial advisors, has determined that the unsolicited proposal received on March 14, 2017 from Euronet Worldwide (EEFT) to acquire all of the outstanding shares of MoneyGram Common Stock and Preferred Stock for $15.20 per share in cash on an as-converted basis could reasonably be expected to result in a “Company Superior Proposal” as defined in MoneyGram’s merger agreement with Ant Financial Services Group.

March 26, 2017: MoneyGram (MGI) announced that it has entered into an Acceptable Confidentiality Agreement with Euronet Worldwide (EEFT) so that it can further consider Euronet’s unsolicited proposal made on March 14, 2017 to acquire all of the outstanding shares of MoneyGram Common Stock and Preferred Stock for $15.20 per share in cash on an as-converted basis.

March 28, 2017: MoneyGram (MGI) and Ant Financial Services Group announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired with respect to the definitive agreement under which MoneyGram will merge with Ant Financial.

April 16, 2017: MoneyGram (MGI) and Ant Financial Services Group announced that the companies have entered into an amendment to the definitive agreement under which MoneyGram will merge with Ant Financial. Pursuant to the amendment, Ant Financial increased the offer price to acquire all of the outstanding shares of MoneyGram from $13.25 per share to $18.00 per share in cash. The MoneyGram board of directors has unanimously approved the Amended Merger Agreement.

May 16, 2017: MoneyGram (MGI) announced that its stockholders overwhelmingly voted to approve the company’s pending transaction with Ant Financial at the Special Meeting of MoneyGram stockholders.

Expected to close in the fourth quarter of 2017 for a closing value of $175 million in a cash or stock deal. Under the terms of the merger agreement, ASB Bancorp shareholders will receive 1.44 shares of First Bancorp\’s common stock or $41.90 in cash, or a combination thereof, for each share of ASB Bancorp common stock. The total consideration will be prorated as necessary to ensure that 90% of the total outstanding shares of ASB Bancorp common stock will be exchanged for First Bancorp common stock and 10% of the total outstanding shares of ASB Bancorp common stock will be exchanged for cash.

Expected to close in the second half of 2017 for a closing value of $196 million. Upon completion of the merger, shareholders of Gas Natural will receive $13.10 per share in cash.

Update(s)

December 28, 2016: Gas Natural (EGAS) announced that, based on votes cast at the Company’s special meeting of shareholders, Gas Natural’s shareholders voted to approve the Company’s previously announced plan to merge with First Reserve Energy Infrastructure Fund.

Expected to close this calendar year for a closing value of $605 million. Upon completion of the merger, shareholders of SciClone Pharmaceuticals will receive $11.18 per share in cash.

Expected to close in the second half of 2017 for a closing value of $1.3 billion. Upon completion of the merger, shareholders of TerraForm Global will receive $5.10 per share in cash.

Expected to close before the end of the year for a closing value of $439.97 million. Upon completion of the merger, shareholders of Xcerra Corporation will receive $10.25 per share in cash.

Expected to close in the fourth quarter of 2017 for a closing value of $489 million in an all stock deal. Under the terms of the agreement, WashingtonFirst shareholders are expected to receive .8713 shares of Sandy Spring common stock for each share owned of WashingtonFirst common stock, subject to adjustment if Sandy Spring’s average stock price during a specified measurement period prior to closing is more than $50.15 or less than $37.07 per share.

Expected to close in early January 2018 for a closing value of $701.2 million in an all stock deal. Under the terms of the merger agreement, each outstanding share of Xenith common stock will be converted into the right to receive 0.9354 shares of Union common stock.

Expected to close in the second quarter of 2017 for a closing value of $4.9 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of Allied World will receive cash and stock for a total value of $54.00 per Allied World share. The cash portion of the deal is $10, half of which will be paid as a  pre-closing dividend. The share portion of the deal is worth approximately $44.00 in Fairfax Shares and is subject to collars based on the price of Fairfax. Fairfax also has the option to covert $30 of the share portion into a cash offer.

A portion of the stock consideration, having a value of $14.00 based on the closing price of Fairfax Shares as of December 16, 2016, is payable at a fixed exchange ratio of 0.030392. The remaining portion of the stock consideration to Allied World will be a number of Fairfax Shares with a value equal to $30.00, with such number of Fairfax Shares determined based on the volume weighted average closing price of Fairfax Shares for the 20 trading days ending on the day prior to closing (provided that this volume weighted average price is no less than $435.65 and no greater than $485.65 per share, $25.00 below and above the Fairfax Closing Price, respectively). If the volume weighted average price of Fairfax Shares during this period is above $485.65, the stock portion of the consideration will be fixed at 0.061772 Fairfax Shares for each share of Allied World, and if it is below $435.65 per share, the stock portion of the consideration will be fixed at 0.068862 Fairfax Shares for each share of Allied World.  Additionally, on or before 75 days after the date of the Agreement, Fairfax has the option to replace on a dollar-for-dollar basis this portion of the stock consideration with cash in an amount up to $30.00 per Allied World Share, together with the dividend, for up to a total cash consideration of $40.00 per Allied World Share.  Fairfax may elect to fund the $30.00 in cash by an equity or debt issuance or by bringing in third party partners.

Given the complexity of the deal, we have entered this deal as a “Special Conditions” deal with a value of $54.

Update(s)

March 3, 2017: Fairfax Financial Holdings Limited (FFH.TO) and Allied World Assurance Company Holdings (AWH) announced that they have agreed to extend to March 10, 2017 the deadline by which Fairfax has the option to increase the cash consideration, and correspondingly reduce the “Fixed Value Stock Consideration” under the terms of the previously announced definitive merger agreement. In connection with the transaction, Allied World will hold a Special Shareholder Meeting on Wednesday, March 22, 2017.

March 10, 2017: Fairfax Financial Holdings Limited (FFH.TO) and Allied World Assurance Company Holdings (AWH) announced that Fairfax has exercised its option to increase the cash consideration component of its offer to Allied World shareholders by $18.00 out of a possible increase of $30.00 per ordinary share. As a result, the cash consideration component of the offer will increase from $5.00 per ordinary share to $23.00 per ordinary share, together with the $5.00 special dividend that, subject to Allied World shareholder approval, will be payable in connection with the transaction, for total cash consideration of $28.00 per Allied World ordinary share.

March 22, 2017: Allied World Assurance Company Holdings (AWH) announced that its shareholders have approved both of the proposals that were voted on at the company’s special shareholder meeting held in connection with the previously announced merger transaction with Fairfax Financial Holdings Limited.

Expected to close by the end of 2017 for a closing value of $2.58 billion in an all stock deal. Under the terms of the agreement, each share of FelCor common stock will be converted into 0.362 shares of newly issued common shares of RLJ common stock in a taxable merger.

Update(s)

May 3, 2017: Ashford Hospitality Trust (AHT) announced that given FelCor Lodging Trust Incorporated’s (FCH) announced merger agreement with RLJ Lodging Trust (RLJ), Ashford Trust is abandoning its efforts to merge with FelCor.

Expected to close in the third calendar quarter of 2017 for a closing value of $63.9 million. Under the terms of the merger agreement, each outstanding share of Anchor common stock will be exchanged for shares of Washington Federal, Inc. common stock upon the closing of the transaction. Each share of Anchor common stock was valued at $25.75, which is approximately equal to Anchor’s tangible book value as of December 31, 2016. The exact number of shares to be issued and the exchange ratio will be determined based upon the average of the volume-weighted price of Washington Federal common stock for the twenty trading days ending on the fifth trading day immediately preceding the closing date, subject to a negotiated collar.

Expected to close in the third quarter of 2017 for a closing value of $34 billion in a cash plus stock deal. Under terms of the agreement, Level 3 shareholders will receive $26.50 per share in cash and a fixed exchange ratio of 1.4286 shares of CenturyLink stock for each Level 3 share they own.

Update(s)

January 12, 2017: CenturyLink (CTL) refiled its pre-merger notification under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with its previously-announced acquisition of Level 3 Communications (LVLT). Each company first filed its HSR notification on December 12, 2016 and, following consultations with the U.S. Department of Justice, Antitrust Division, CenturyLink withdrew its original HSR notification on January 11, 2017.

March 16, 2017: CenturyLink (CTL) and Level 3 Communications (LVLT) announced that shareholders of both companies overwhelmingly approved all proposals related to the companies’ merger.

May 30, 2017: The states of Minnesota and Virginia approved the merger of CenturyLink (CTL) and Level 3 Communications (LVLT).

Expected to close by early 2018 for a closing value of $4.75 billion. Upon completion of the merger, shareholders of Akorn will receive $34.00 per share in cash.

Expected to close in the fourth quarter of 2017 for a closing value of $323.7 million in an all stcok deal. Under the terms of the agreement, shareholders of Paragon Commercial will receive 1.7250 shares of TowneBank common stock for each outstanding share of Paragon common stock.

Expected to close before the end of the year after the approval of Alere shareholders and the satisfaction of customary closing conditions for a closing value of $5.8 billion. Upon completion of the merger, shareholders of Alere will receive $56.00 per share in cash.

Update(s)

April 29, 2016: Alere (ALR) rejected Abbott Laboratories’s (ABT) attempt to end its $5.8 billion pending acquisition of the company.

July 27, 2016: Alere received a U.S. Department of Justice subpoena regarding government-billing practices. The company released a statement claiming that the billing concerned “accounted for significantly less than 1% of Alere’s total revenues” and is not material.

August 26, 2016: Alere (ALR) issued a statement saying it’s suing the company it’s hoping to merge with, Abbott Laboratories (ABT). Alere said in a statement that it filed the complaint Thursday in Delaware Chancery Court hoping “to compel Abbott to fulfill its obligations under the terms of the merger agreement to take all actions necessary to promptly obtain all required anti-trust approvals.”

September 2, 2016: Representatives for Alere said that a Delaware judge granted a motion to expedite Alere’s (ALR) lawsuit against Abbott Laboratories (ABT), which seeks to ensure that Abbott lives up to the terms of its $5.8 billion takeover of the diagnostics company.

September 8, 2016: Abbott Laboratories (ABT) and Alere (ALR) agreed to work with a mediator to settle their dispute over Abbott’s role in obtaining U.S. antitrust clearance for its $5.8 billion takeover of the diagnostics company.

September 26, 2016: Alere said that mediation efforts between Abbott Laboratories (ABT) and Alere (ALR) have broken down. With the failure of the talks, Alere will likely proceed with a lawsuit in the Delaware Court of Chancery where it it trying to force Abbott to complete its $5.6 billion purchase of Alere.

October 21, 2016: Alere (ALR) announced that its shareholders have voted to approve the previously announced merger with Abbott (ABT).

November 5, 2016: Abbott Laboratories (ABT) launched a lawsuit against Alere (ALR) for having not complying with the certain conditions contained in the $7.9 billion agreement.

December 7, 2016: Alere (ALR), issued a statement in response to a lawsuit filed by Abbott Laboratories (ABT) in the Delaware Court of Chancery to terminate Abbott’s pending merger agreement with Alere. On December 8, 2016, Abbott Laboratories fired the latest salvo in its legal battle with Alere over their $5.8 billion buyout agreement, suing the troubled Waltham diagnostics firm in an effort to terminate the deal.

December 30, 2016: Arriva Medical, a Florida-based subsidiary of Alere (ALR), filed an appeal with the the Centers for Medicare and Medicaid Services on Wednesday seeking to reinstate its enrollment. The Medicare dispute is one reason why Abbott Laboratories (ABT) is currently seeking to terminate its February buyout of Alere. The companies have sued one another in Delaware court, with Alere arguing that the $5.8 billion deal should go forward.

January 4, 2017: Alere (ALR) provided an update in connection with Arriva Medical’s complaint filed on December 28, 2016, against the Centers for Medicare & Medicaid Services. We have extended the closing date for this deal to March 31, 2017.

January 25, 2017: Alere (ALR) announced that the European Commission has granted clearance for Abbott Laboratories (ABT) to acquire Alere.

April 14, 2017: Abbott (ABT) and Alere (ALR) announced that the companies have agreed to amend the existing terms of their agreement for Abbott’s acquisition of Alere. Under the amended terms, Abbott will pay $51 per common share to acquire Alere, for a new expected equity value of approximately $5.3 billion, reduced from the originally expected equity value of approximately $5.8 billion. The transaction is expected to close by the end of the third quarter of 2017. Under the amended terms, the date by which necessary regulatory approvals must be received has been extended to Sept. 30, 2017, from April 30, 2017.

Expected to close in the fourth quarter of 2017 for a closing value of $705 million. Under terms of the Agreement, CU Bancorp shareholders will receive 0.5308 shares of PacWest common stock and $12.00 in cash for each share of CU Bancorp.

Expected to close in the next nine months for a closing value of $14.7 billion. Upon completion of the merger, shareholders of Mobileye will reeive $63.54 per share in cash.

Expected to close in the second half of 2017 for a closing value of $3.6 billion in a cash plus stock deal. Under the terms of the agreement, each DigitalGlobe common share will be exchanged for US$17.50 in cash and 0.3132 MDA common shares, representing a per share value of US$17.50 based on MDA’s unaffected closing share price of C$73.40 on the Toronto Stock Exchange (TSX) on February 16, 2017.

Expected to close during the fall of 2017 for a closing value of $24 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of C. R. Bard will receive approximately $222.93 in cash and 0.5077 shares of BD stock per Bard share, or a total of value of $317.00 per Bard common share based on BD’s closing price on April 21, 2017.

Expected to close in the third quarter of 2017 for a closing value of $127.7 million in an all stock deal. Under the terms of the Merger Agreement, Class A shareholders of Royal will receive 0.1025 shares of the Corporation’s common stock for each share of Royal’s Class A common stock and Class B shareholders of Royal will receive 0.1179 shares of the Corporation’s common stock for each share of Royal Class B common stock.

Update(s)

May 25, 2017: Royal Bancshares of Pennsylvania (RBPAA) announced that its shareholders approved its pending merger transaction with Bryn Mawr Bank Corporation (BMTC) at a special meeting of shareholders held on May 24, 2017.

Expected to close in the fourth quarter of 2017 for a closing value of $2.2 billion in an all stock deal. Under the terms of the agreement, shareholders of Astoria Financial will receive a fixed exchange of 0.875 shares of Sterling common stock for each share of Astoria common stock.

Expected to close within nine months for a closing value of $3.1 billion. Under the terms of the agreement, shareholders of Straigh Path Communications will receive $184.00 per share in cash.

Expected to close in the second half of 2017 for a closing value of $7.6 billion in an all stock deal. Under the terms of the agreement, DuPont Fabros shareholders will receive a fixed exchange ratio of 0.545 Digital Realty share per DuPont Fabros share.

Expected to close in the fourth quarter of 2017 for a closing value of $2.2 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of Capital Bank Financial will be entitled to receive cash or stock with a value equivalent to 1.750 First Horizon shares and $7.90 in cash for each Capital Bank share held. In the aggregate, Capital Bank shareholders will receive a mix of approximately 80 percent stock and 20 percent cash.

Expected to close during the third quarter of 2017 for a closing value of $4.07 billion in an all stock deal. Under the terms of the agreement, CCP shareholders will receive 1.123 shares of Sabra common stock for each share of CCP common stock they own.

Expected to close in the third calendar wuarter of 2017 for a closing value of approximately $2.9 billion. Upon completion of the merger, shareholders of NeuStar will receive $33.50 per share in cash.

Update(s)

March 15, 2017: Neustar (NSR) announced that Neustar stockholders voted to approve the previously announced definitive merger agreement pursuant to which a private investment group led by Golden Gate Capital will acquire Neustar.

Expected to close no later than June 30, 2017 for a closing value of $184.45 million in an all stock deal. Under the terms of the agreement, shareholders of Exeter Resource Corporation will receive 0.12 of a Goldcorp share for each Exeter share.

Expected to close in the third quarter of 2017 for a closing value of $564.4 million in a cash plus stock deal. Under the terms of the Agreement, each outstanding share of common stock and equivalents of SBI will be converted into the right to receive 0.3903 shares of the Company’s common stock and $5.11 in cash.

Update(s)

March 9, 2017: Southwest Bancorp (OKSB) announced that its Annual Meeting of Shareholders will be held on April 25, 2017.

Expected to close by the end of 2017 for a closing value of $38 billion. Upon completion of the merger, shareholders of NXP Semiconductors will receive $110 per share in cash.

Update(s)

November 18, 2016: Qualcomm Incorporated (QCOM) announced that Qualcomm River Holdings, an indirect wholly owned subsidiary of Qualcomm, has commenced the previously announced tender offer for all of the outstanding common shares of NXP Semiconductors (NXPI) at a price of $110.00 per share, less any applicable withholding taxes and without interest, to the holders thereof and payable in cash.

January 27, 2017: NXP Semiconductors (NXPI) announced that, during an extraordinary general meeting of shareholders, NXP obtained shareholder approval for all items proposed relating to the previously disclosed tender offer by Qualcomm River Holdings, an indirect wholly owned subsidiary of QUALCOMM Incorporated (QCOM), to acquire all of the outstanding shares of NXP.

February 6, 2017: Qualcomm (QCOM) announced that it is extending its cash tender offer for all of the outstanding shares of NXP Semiconductors (NXPI). Qualcomm said the tender offer is now slated to expire March 7.

March 7, 2017: Qualcomm Incorporated (QCOM) announced that it has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors (NXPI).  The tender offer is now scheduled to expire on April 4, 2017.

April 4, 2017: Qualcomm Incorporated (QCOM) announced that Qualcomm River Holdings an indirect wholly owned subsidiary of Qualcomm, has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors (NXPI). The tender offer is now scheduled to expire on May 2, 2017, unless extended or earlier terminated, in either case pursuant to the terms of the Purchase Agreement.

April 4, 2017: Qualcomm (QCOM) has received approval from U.S. antitrust regulators for its proposed $47 billion acquisition of NXP Semiconductors (NXPI).

June 2, 2017: EU antitrust regulators said that Qualcomm (QCOM) has not offered any concessions so far in its $38-billion bid for NXP Semiconductors (NXPI) increasing the risk of a lengthy investigation into the deal. Qualcomm had until June 1 to propose concessions to allay possible competition concerns over the biggest-ever deal in the semiconductor industry.

Expected to close in the second half of year 2017 for a closing value of $5.1 billion. Upon completion of the merger, shareholders of West Corporation will receive $23.50 per share in cash.

Expected to close in the third calendar quarter of 2017 for a closing value of $103 million. Upon completion of the merger, shareholders of Covisint will receive $2.45 per share in cash.

Expected to close shortly after the shareholders meeting which is to be held in July 2017 for a closing value of $28.5 million. Upon completion of the merger, shareholders of Sajan will receive $5.83 per share in cash.

Expectes to close in the first quarter of 2015 in an all stock deal. Under the terms of the agreement, each outstanding share of Caesars Acquisition class A common stock will be exchanged for 0.664 share of Caesars Entertainment common stock.

Update(s)

July 11, 2016: Caesars Entertainment (CZR) and Caesars Acquisition (CACQ) amended their proposed merger agreement, which is intertwined with the $18 billion bankruptcy of the casino company’s main operating unit. Under the amended terms, Caesars Acquisition shareholders will receive 27 percent of the merged entity. Under the original proposal, they would have received 38 percent, according to regulatory filings. A confirmation hearing for CEOC’s Plan of Reorganization has been set for January 17, 2017.

January 16, 2017: We have extended the closing date for this deal to March 31, 2017.

February 21, 2017: Caesars Entertainment Corporation (CZR) and Caesars Acquisition Company (CACQ) announced that they have amended the terms of their proposed merger. Under the terms of the Merger Agreement, as amended, Caesars Acquisition stockholders will receive 1.625 shares of Caesars Entertainment for each Caesars Acquisition share they own, subject to anti-dilution adjustments in certain circumstances set forth in the Merger Agreement, as amended. Closing of the merger is subject to regulatory and stockholder approval, receipt of certain tax opinions and other customary closing conditions.

Expected to close by the end of the year for a closing value of $43 billion. Under the terms of the agreement, shareholders of Syngenta will receive US$465 per ordinary share plus a special dividend of CHF 5 to be paid conditional upon and prior to closing. The offer is equivalent to a Swiss franc value of CHF 480 per share.

Update(s)

May 23, 2016: An ordinary dividend of up to CHF 11 gross per Common Share for the financial year ended December 31, 2015, and, upon the Offers becoming unconditional, a special dividend of CHF 5 gross per Common Share, in each case, if approved by an ordinary meeting of Syngenta shareholders scheduled to take place on April 26, 2016, will be paid to Syngenta shareholders. The price payable by Purchaser per Common Share or per ADS tendered into the U.S. Offer will not be adjusted as a result of the payment of the Ordinary Dividend and the Special Dividend.

October 28, 2016: European Union antitrust regulators opened an in-depth investigation into state-owned Chinese chemicals group ChemChina’s $43 billion bid for Swiss pesticides and seeds group Syngenta (SYT), China’s biggest-ever foreign acquisition.

November 1, 2016: ChemChina said it has extended its $43 billion cash offer for Swiss agrichemicals group Syngenta (SYT) to January 5 while it works to gain regulatory approval for the deal.

November 17, 2016: The European Commission pushed back its deadline for a decision on ChemChina’s plan to acquire Swiss pesticides and seeds group Syngenta (SYT) by 10 working days to March 29. We have extended the closing date for this deal to April 15, 2017.

December 2, 2016: Reuters noted that ChemChina has put together a fund aimed at raising around $5 billion to help finance its Syngenta (SYT) purchase.

January 3, 2017: European Union antitrust regulators extended the deadline for a decision on ChemChina’s proposed buy of Swiss pesticides and seeds group Syngenta (SYT) by 10 working days to April 12.

January 10, 2017: ChemChina and Syngenta (SYT) proposed minor concessions to the EU’s competition watchdog to address concerns over their $43 billion merger plan.

January 16, 2017: Syngenta (SYT) Chief Executive Erik Fyrwald said that he expects regulatory approval soon for ChemChina’s proposed $43 billion takeover of the Swiss pesticides and seeds group.

January 20, 2017: ChemChina announced that it has sought the U.S. anti-trust regulator’s approval for its planned $43 billion acquisition of Swiss crop protection and seed group Syngenta AG (SYT).

February 2, 2017: According to sources, ChemChina is set to secure conditional EU antitrust approval for its $43 billion bid for Syngenta (SYT).

February 8, 2017: ChemChina and Syngenta (SYT) have made significant progress towards achieving the necessary regulatory approvals and closing the transaction. To date approvals have been achieved from 13 regulatory authorities; approvals are still awaited from Brazil, Canada, China, the EU, India, Mexico and the United States. National security clearance has been granted by CFIUS in the United States. ChemChina and Syngenta remain fully committed to the transaction and are confident of its closure.

February 23, 2017: China National Chemical Corporation extended until April 28 its $43 billion tender offer for Swiss pesticides and seeds group Syngenta (SYT).

April 4, 2017: ChemChina and Syngenta (SYT) announced that they have received approval from the US Federal Trade Commission for the proposed acquisition of Syngenta by ChemChina. This represents a major step towards the closing of the transaction, which is expected to take place in the second quarter of 2017.

April 6, 2017: ChemChina won conditional EU antitrust approval for its $43 billion bid for Syngenta (SYT).

April 12, 2017: ChemChina and Syngenta (SYT) announced that they have received approval from the Ministry of Commerce of the People’s Republic of China for the proposed acquisition of Syngenta by ChemChina.

April 13, 2017: ChemChina announced that the tender offers to purchase all publicly held Syngenta (SYT) shares and ADSs will end on 4 May, 2017.

May 3, 2017: Syngenta (SYT) declared an annual dividend. Investors of record on Monday, May 15th will be paid a dividend of 1.0065 per share by the basic materials company on Thursday, July 13th. This represents a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, May 11th. We have adjusted the closing price for this deal down by $1.01 for the special dividend and changed the closing date to June 7, 2017.

May 5, 2017: Syngenta (SYT) announced that its shareholders accepted ChemChina’s offer to acquire Syngenta.

May 31, 2017: China National Chemical Corporation (ChemChina) announced the definitive end results for ChemChina’s offer to acquire Syngenta (SYT), according to which around 94.7 percent of shares have been tendered.

Expected to close in the second half of 2017 for a closing value of $3.3 billion. Upon completin of the merger, shareholders of Fortress Investment Group will receive $8.08 per share in cash.

The Merger Agreement also provides that the Company’s shareholders may also receive up to two regular quarterly dividends prior to the closing, each in an amount not to exceed $0.09 per Class A share. There are no appraisal or dissenters’ rights available with respect to the Merger.

Update(s)

February 27, 2017: Fortress (FIG) declared a base quarterly cash dividend of $0.09 per Class A share for the fourth quarter of 2016. This dividend is payable on March 21, 2017 to holders of record of Class A shares on March 15, 2017. In connection with the proposed Merger, the company said that they have contractually agreed that they will not pay dividends for the quarterly period ended March 31, 2017 in any amount greater than $0.09 per share, and that they will not pay any dividends with respect to periods ending after that while the Merger Agreement remains in effect. Fortress Class A shareholders should therefore not anticipate receiving a dividend with respect to the quarterly periods ended June 30, 2017 or September 30, 2017, even if the Merger has not yet been consummated at the time of the customary dividend payment dates for such periods.

Expected to close in the second half of Broadcom’s fiscal year 2017 for a closing value of $5.5 billion. Upon completion of the merger, shareholders of Brocade Communications Systems wil receive $12.75 per share in cash.

Update(s)

January 9, 2017: Broadcom (AVGO) and Brocade (BRCD) submitted filings to grant the Federal Trade Commission a little more time to review their $5.9B merger deal.

January 26, 2017: Brocade Communications (BRCD) confirmed that its shareholders voted in favor of the company’s buyout by Broadcom (AVGO).

May 12, 2017: Broadcom (AVGO) secured EU antitrust approval for its $5.5 billion bid for Brocade (BRCD) after pledging to cooperate with competitors and to protect their confidential data.

Expected to close in the second quarter of 2017 for a closing value of $178.3 million in an all stock deal. Under the terms of the agreement, Eastern Virginia common and preferred shareholders will receive a fixed exchange ratio equal to 0.6313 shares of Southern National common stock for each share of Eastern Virginia common stock or preferred stock owned.

Update(s)

February 23, 2017: The Eastern Virginia Bankshares (EVBS) Board of Directors decided to postpone the 2017 Annual Meeting of Shareholders because of the pending transactions contemplated by the Merger Agreement, which are expected to close in the second quarter of 2017.

Expected to close in the third quarter of 2017 for a closing value of $6.4 billion. Upon completion of the merger, shareholders of VWR Corporation will receive $33.25 per share in cash.

Expected to close before the end of Nord Anglia Education’s fiscal year ending August 31, 2017 for a closing value of $4.3 billion. Upon completion of the merger, shareholders of Nord Anglia will receive $32.50 per share in cash.

Expectes to close by the end of 2017 for a closing value of $7.2 billion. Upon completion of the merger, shareholders of Patheon will receive $35.00 per share in cash.

Expected to close in the third quarter of calendar 2017 for a closing value of $1.5 billion. Upon completion of the merger, shareholders of Intrawest Resorts Holdings will receive $23.75 per share in cash.

Expected to close by mid-2017 for for a closing value of $1.5 billion in an all stock deal. Under the terms of the agreement, FairPoint shareholders will receive a fixed exchange ratio of 0.7300 shares of Consolidated Communications common stock for each share of FairPoint common stock.

Update(s)

January 12, 2017: The $1.5B merger of FairPoint Communications (FRP) and Consolidated Communications (CNSL) received its antitrust approval. That came in an early termination notice Thursday from the Federal Trade Commission, which means that neither it nor the Justice Department had issues with the merger that required either conditions or suing to block it, so its Hart-Scott-Rodino antitrust review was terminated early. The merger still needs to get the approval of the FCC, whose review extends beyond antitrust to public interest concerns.

March 28, 2017: FairPoint Communications (FRP) shareholders voted to adopt the merger agreement between FairPoint and Consolidated Communications Holdings (CNSL) during a special meeting.

Expected to close in the second half of 2017 for a closing value of $26.93 million. Upon completion of the merger, shareholders of Nexvet Biopharma will receive $6.72 per share in cash.

Expected to close in the third quarter of 2017 for a closing value of $3.24 billion. Under the terms of the definitive agreement each Swift share will convert into 0.72 shares of Knight- Swift by means of a reverse stock split. Each share of Knight will be exchanged for one Knight-Swift share. Based on the $30.65 closing price of Knight shares on April 7, 2017, the last trading day prior to the announcement, the implied value per share of Swift is $22.07.

Disclaimer: We normally don’t track mergers of companies that result in the creation of a new entity because of uncertainty around the value of the new company. In this case, because Knight shareholders will receive one share of the new company, we are going to treat this as an acquisition of Swift by Knight in order to figure out the spread on the deal.

Expected to close in the second quarter of 2017 for a closing value of $62 million. Upon completion of the merger, shareholders of Norsat will receive $10.25 per share in cash.

Update(s)

May 18, 2017: Norsat International (NSAT) announced that the Special Committee comprising all of the Independent Directors of the Board of Directors, in consultation with the Company’s legal and financial advisors, have reviewed and considered an updated unsolicited proposal from Privet Fund Management to acquire the Company for cash consideration of US$11.00 per share. The Independent Directors have determined that the Privet Proposal constitutes a “Superior Proposal” as defined in the Arrangement Agreement with Hytera. Norsat has delivered written notice to Hytera of the determination of the Independent Directors. Hytera now has a period of five business days to offer to amend the terms of the Arrangement Agreement.

May 25, 2017: Norsat International (NSAT) announced an amended offer from Hytera Communicationsa to be acquired for $11.25 USD per share.

June 2, 2017: Norsat International (NSAT) announced that the Minister responsible for the Investment Canada Act has served notice that there will be no order for review of the transaction under subsection 25.3(1) of the Act. Accordingly, this notice satisfies the Investment Canada Act condition for closing of the acquisition of Norsat by Hytera. Certain additional regulatory as well as securityholder approvals are still required and if obtained, the transaction is expected to close in the third quarter of 2017.

June 5, 2017: Norsat International (NSAT) announced that it has filed and is in the process of mailing supplemental information to securityholders in respect of the previously adjourned annual general and special meeting of securityholders. The Meeting will resume on Thursday, June 22, 2017.

Expected to close by mid-2017 for a closing value of $644.1 million in an all stock deal. Under the terms of the merger agreement, Pacific Continental shareholders are entitled to receive 0.6430 of a share of Columbia common stock for each share of Pacific Continental stock, subject to certain potential adjustments.

Expected to close in the third quarter of 2017 for a closing value of $9.1 billion. Upon completion of the merger, shareholders of VCA will receive $93.00 per share in cash.

Update(s)

February 15, 2017: VCA invited its shareholders to attend a special meeting of the stockholders on March 28, 2017.

Expected to close during the third quarter of 2017 for a closing value of $950 million. Upon completion of the merger, shareholders of Lumos Networks will receive $18.00 per share in cash.

Update(s)

May 24, 2017: Lumos Networks (LMOS) announced that, at the Lumos Networks Annual Meeting of Stockholders, Lumos Networks stockholders approved the merger agreement with EQT Infrastructure investment strategy.

Expected to close for a closing value of $319.66 million. Upon completion of the merger, shareholders of Syneron Medical will receive $11.00 per share in cash.

Expected to close early calendar year 2017 for a closing value of $4.4 billion. Upon completion of the merger, shareholders of CST Brands will receive $48.53 per share in cash.

Update(s)

October 11, 2016: On August 30, 2016, Circle K filed with the commissioner a request for an Advance Ruling Certificate or no-action letter. Circle K and CST filed their notifications with the commissioner on or before September 7, 2016, commencing the applicable waiting period from that date. On October 7, 2016, the commissioner issued supplementary information requests to each of Circle K and CST, thereby extending the waiting period until 30 days after both Circle K and CST comply with the supplementary information requests.

November 16, 2016: The Company received a request for additional information and documentary material from the United States Federal Trade Commission with respect to the pending acquisition of the Company by Alimentation Couche-Tard. Accordingly, the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, will expire 30 days after substantial compliance with the Second Request has been certified by all parties to the transaction that received a Second Request, unless that period is extended by court order or terminated earlier by the FTC.

December 9, 2016: CST Brands (CST) stockholders approved the merger agreement with one of the Alimentation Couche-Tard Inc.´s wholly owned U.S. subsidiaries.

February 28, 2017: In the Fourth Quarter and Year-End 2016 Results Report, the company said that it expects to close the merger during the second quarter of 2017.

Expected to close in the second quarter of 2017 for a closing value of $17.2 billion in an all stock deal. Under the terms of the agreement, each outstanding common unit of ONEOK Partners that ONEOK does not already own will be converted into 0.985 shares of ONEOK common stock.

Expected to close for a closing value of $682 million. Upon completion of the merger, shareholders of Alliance Healthcare Services will receive $13.25 per share in cash.

Note: The closing date for this deal was not provided and hence we are using September 30, 2017 as a placeholder closing date.

Expected to close in the third quarter of 2017 for a closing value of $1.56 billion . Upon completion of the merger, shareholders of KCG Holdings will receive $20.00 per share in cash.

Expected to close by mid-2017 for a closing value of $235.8 million in a cash plus stock deal. Under the terms of the merger agreement, First Community shareholders will receive 0.396 shares of BUSE common stock and $1.35 in cash for each share of FCFP common stock.

Expected to be completed prior to June 30, 2017 for a closing value of $438 million . Upon completion of the merger, shareholders of TRC Companies will receive $17.55 per share in cash.

Update(s)

June 9, 2017: TRC Companies (TRR) announced that TRC stockholders adopted the definitive merger agreement with affiliates of New Mountain Partners. With approval by TRC stockholders, TRC and NMC expect to complete the transaction later this month.

Expected to close in the third quarter of 2017 for a closing value of $7.5 billion. Upon completion of the merger, shareholders of Panera Bread Company will receive $315 per share in cash.

Expected to close in the second half of 2017 for a closing value of $446 million. Upon completion of the merger, shareholders of Nutraceutical will receive $41.80 per share in cash.

Expected to close in the first half of 2017 for a closing value of $1.27 billion in an all stock deal. Under terms of the agreement, the owners of the remaining outstanding shares in Alon that Delek US does not currently own will receive a fixed exchange ratio of 0.5040 Delek US shares for each share of Alon.

Expected to close in the third quarter of 2017 for a closing value of $1.49 billion. Upon completion of the merger, shareholders of Albany Molecular Research will receive $21.75 per share in cash.

Expected to close late in the second quarter or third calendar quarter of 2017 for a closing value of $182 million. Upon completion of the merger, shareholders of MOCON will receive $30.00 per share in cash.

Expected to close in the third quarter of 2017 for a closing value of $2.4 billion. Upon completion of the merger, shareholders of Kate Spade & Company will receive $18.50 per share in cash.

Expected to close in the fourth quarter of 2017 for a closing value of $690.8 million in an all stock deal. Under the terms of the agreement, shareholders of Park Sterling Corporation will receive 0.14 shares of South State common stock for each share of Park Sterling common stock.

Expected to close in the second calendar quarter of 2017 for a closing value of $80.2 milion. Upon completion of the merger, shareholders of Span-America Medical Systems will receive $29.00 per share in cash.

Expected to close in the third quarter of 2017 for a closing value of $17.9 billion. Upon completion of the merger, shareholders of Mead Johnson Nutrition Company will receive $90.00 per share in cash.

Update(s)

May 31, 2017: Mead Johnson Nutrition Company (MJN) announced that its stockholders approved the acquisition of Mead Johnson by Reckitt Benckiser Group at a Special Meeting of Stockholders. The closing of the transaction is expected to occur at the end of the second quarter of 2017 or beginning of the third quarter of 2017.

Expected to close in the first calendar quarter of 2017 for a closing value of $3.8 billion in a cash plus stock deal. Under the terms of the agreement, CIBC will pay US$18.80 in cash and 0.3657 of a CIBC common share for each share of PrivateBancorp common stock.

Update(s)

December 7, 2016: PrivateBancorp (PVTB) postponed a shareholder vote due Thursday on a proposed takeover by Canadian Imperial Bank of Commerce (CM), raising doubts about whether the deal will proceed.

January 18, 2017: PrivateBancorp (PVTB) announced that they continue to work toward the successful completion of their proposed merger with CIBC. The long-term strategic benefits of the transaction remain compelling. They will announce the rescheduled stockholder meeting date when it is established by their Board of Directors.

February 23, 2017: Canadian Imperial Bank of Commerce (CM) said that it would be “disciplined” in assessing whether to raise its C$3.8 billion ($2.9 billion) offer for Chicago-based PrivateBancorp (PVTB) and could buy back shares if the deal collapses.

March 6, 2017: PrivateBancorp (PVTB) announced that it has set a new record date for its special meeting of stockholders to consider and act upon the Agreement and Plan of Merger by and among PrivateBancorp, Canadian Imperial Bank of Commerce and CIBC Holdco. PrivateBancorp stockholders of record at the close of business on March 31, 2017, will be entitled to receive the notice of, and to vote at, the PrivateBancorp special meeting. The PrivateBancorp special meeting is currently expected to be held on or about May 4, 2017.

March 30, 2017: PrivateBancorp (PVTB) and Canadian Imperial Bank of Commerce (CM) announced that they have entered into an amended merger agreement. Under the Amended Agreement, PrivateBancorp stockholders will receive, upon completion of the proposed merger with CIBC, US$24.20 in cash and 0.4176 of a CIBC common share for each share of common stock of PrivateBancorp held. The Amended Agreement values PrivateBancorp at approximately US$4.9 billion. The companies currently expect to close the transaction in the second calendar quarter of 2017. PrivateBancorp has set March 31, 2017 as the new record date for its special meeting of stockholders to consider and act upon the revised merger agreement.

May 4, 2017: CIBC (CM) and PrivateBancorp (PVTB) announced that they have entered into a second amendment that increases the cash consideration under the previously amended merger agreement. The revised terms were unanimously approved by both boards of directors. Under the Amended Agreement, PrivateBancorp stockholders will receive, upon completion of the proposed merger with CIBC, an additional US$3.00 in cash for each share of common stock of PrivateBancorp held, which consideration in the aggregate will be equal to US$27.20 in cash and 0.4176 of a CIBC common share for each share of common stock of PrivateBancorp held.

May 12, 2017: PrivateBancorp (PVTB) announced that its stockholders approved the proposals necessary to complete the acquisition of PrivateBancorp by CIBC (CM).

June 8, 2017: Canadian Imperial Bank of Commerce (CM) and PrivateBancorp (PVTB) announced that they have received all regulatory approvals required to complete CIBC’s acquisition of Chicago-based PrivateBancorp, Inc. pursuant to their amended merger agreement announced on May 4, 2017. CIBC and PrivateBancorp anticipate that the acquisition will close on June 23, 2017.

Expected to close by mid-2017 for a closing value of $381.48 million. Upon completion of the merger, shareholders of LMI Aerospace will receive $14.00 per share in cash.

Update(s)

June 8, 2017: LMI Aerospace (LMIA) shareholders, at a special meeting, approved the merger agreement for the Sonaca Group’s acquisition of LMI.

Expected to close by the end of 2017 for a closing value of $227 million. Upon completion of the merger, shareholders of Delta Natural Gas will receive $30.50 per share in cash.

Expected to close in June 2017 for a closing value of $462 million. Upon completion of the merger, shareholders of Jive Software will receive $5.25 per share in cash.

Expected to close by September 30, 2017 for a closing value of $342 million. Upon completion of the merger, shareholders of Merus Labs International will receive $1.65 per share in cash. The $1.65 price was in Canadian dollars and based on a conversion rate of 0.73 Canadian Dollar to US Dollar, the closing price is $1.20.

Update(s)

June 2, 2017: Merus Labs International (MSLI) announced that it has obtained an interim order of the Supreme Court of British Columbia. The interim order authorizes Merus to, among other things, call a special meeting of the holders of common shares of Merus to consider and, if deemed advisable, pass a special resolution approving the previously announced arrangement under the Business Corporations Act (British Columbia) with Norgine B.V.

Expected to close in the third quarter of 2017 for a closing value of $354.28 million. Upon completion of the merger, shareholders of Xactly Corporation will receive $15.65 per share in cash.

Expected to close in the third quarter of 2017 for a closing value of $1.9 billion in an all stock deal. Under the terms of the merger agreement, BNC shareholders will receive 0.5235 shares of Pinnacle common stock for every BNC share.

Update(s)

April 7, 2017: Pinnacle Financial Partners (PNFP) and BNC Bancorp (BNCN) announced that Pinnacle has received approvals of its applications to merge with BNC from the Federal Reserve Bank of Atlanta, the Tennessee Department of Financial Institutions and the North Carolina Office of the Commissioner of Banks. Accordingly, all banking regulatory approvals required for consummation of the proposed mergers have been received.

Expected to close during the third quarter of 2017 for a closing value of $1.59 billion. Upon completion of the merger, shareholders of VTTI Energy Partners will receive $19.50 per share in cash.

Expected to close in the fourth quarter of 2017 for a closing value of $1.835 billion. Upon completion of the merger, shareholders of Fidelity & Guaranty Life will receive $31.10 per share in cash.

Expected to close in the third quarter of 2017 for a closing value of $1.7 billion in an all stock deal. Under the terms of the merger agreement, Atwood shareholders will receive 1.60 shares of Ensco for each share of Atwood common stock.

Expected to close in the second half of 2017. Under the terms of the agreement, SEEK International Investments will acquire all of the outstanding shares of Zhaopin for cash consideration, that together with the amount of the Special Dividend will equal US$9.10 per ordinary share of the Company and US$18.20 per American Depositary Share of the Company, each representing two Shares. Holders of Shares and ADSs as of immediately prior to the Effective Time will be entitled to receive a cash special dividend, which, will be a minimum US$0.28 and maximum US$1.35 per Share (corresponding with a minimum US$0.56 and maximum US$2.70 per ADS), which will be paid to such shareholders and ADS holders as promptly as practicable following the Effective Time.

Expected to close in the fourth quarter of 2017 for a closing value of $1.7 billion. Upon completion of the merger, shareholders of OneBeacon Insurance Group will receive $18.10 per share in cash.

Expected to close by the end of the third quarter of 2017 for a closing value of $336 million in a cash plus stock deal. Under the terms of the agreement, each outstanding share of UCP common stock will be converted into the right to receive $5.32 in cash and 0.2309 of a newly issued share of Century common stock.

Expected to close in the third quarter of 2017 for a closing value of $750 million. Upon completion of the deal, shareholders of CardConnect will receive $15.00 per share in cash.

Under the terms of the agreement, each issued and outstanding common share of Global Sources will be automatically cancelled and converted into the right to receive an amount equal to US$18.00.

Update(s)

May 25, 2017: Global Sources (GSOL) announced that the Company and Expo Holdings II have entered into an amendment to the previously announced Agreement and Plan of Amalgamation providing for an increase in the amalgamation consideration from US$18.00 per share in cash to US$20.00 per share in cash.

Expected to close in the second quarter of 2017 in an all stock deal. Under the terms of the agreement, GenVec stockholders will receive 0.297 of a share of Intrexon Common Stock in exchange for each share of GenVec common stock. GenVec stockholders will also receive a right to contingent consideration equal to 50% of any milestone or royalty payments received within 36 months after the closing of the transaction under GenVec’s Research Collaboration and License Agreement with Novartis.

Expected to close for a closing value of $2.68 billion. Under the terms of the agreement, shareholders of GCI will receive total consideration of $32.50 per share comprised of $27.50 per share in GCI Liberty Class A common stock and $5.00 in newly issued Series A preferred shares, based on a Liberty Ventures reference price of $43.65.

Update(s)

June 8, 2017: The Justice Department gave its approval to a complicated transaction for Liberty Interactive (QVCA) to buy Alaska’s biggest telecom, General Communication (GNCMA).

Expected to close in the third quarter of 2017 for a closing value of $442.77 million. Upon completion of the merger, shareholders of Forestar Group will receive $14.25 per share in cash.

Update(s)

June 5, 2017: D.R. Horton (DHI) announced that the Company has submitted a proposal to the Board of Directors of Forestar Group (FOR) to acquire 75% of the currently outstanding shares of Forestar for $16.25 per share in cash.

June 8, 2017: Forestar Group announced that its board of directors, after consultation with its outside legal and financial advisors, has determined that the unsolicited, nonbinding proposal received from D.R. Horton could reasonably be expected to lead to a “Superior Proposal,” as defined in Forestar’s merger agreement with Starwood Capital Group.

Expected to close for a closing value of $209 million. Under the recommended offer, Gurnet Point will acquire Innocoll for $1.75 per share in cash, and up to $4.90 in cash from a contingent value right (CVR), for a total potential per share value of up to $6.65 or up to approximately $209 million in aggregate. We are entering this deal as a “Special Conditions” deal with a value of $1.75 and are not assigning a value to the CVR because it is both difficult and highly subjective.

Expected to close in the fourth quarter of 2017 for a closing value of $331.67 million. Under the terms of the agreement, Angie’s List stockholders will have the right to elect to receive either one share of Class A common stock of ANGI Homeservices Inc. or $8.50 per share in cash.

Expected to close in the third quarter of 2017 for a closing value of $49.4 billion in a cash plus stock deal. Under the terms of the agreement, BAT will acquire the 57.8% of RAI common stock that BAT does not currently own for $29.44 per share in cash and a number of BAT American Depositary Shares (ADS) representing 0.5260 of a BAT ordinary share. Each ADS represents two ordinary shares.

Update(s)

March 9, 2017: Reynolds American (RAI) and British American Tobacco (BTI) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 relating to BAT’s proposed acquisition of RAI has expired without a request for additional information by the U.S. Department of Justice or the Federal Trade Commission. The expiration of the Act’s waiting period satisfies the transaction closing condition related to U.S. antitrust approval. The transaction still requires approval by RAI and BAT shareholders and regulatory clearance from Japan, and is subject to the satisfaction or waiver of the other closing conditions specified in the merger agreement. Both companies continue to expect the transaction to close in the third quarter of 2017.

April 5, 2017: Reynolds American (RAI) announced that British American Tobacco (BTI) has obtained unconditional antitrust approval from the Japanese authorities in relation to its proposed acquisition of RAI.