Deals In the Works Tool Beta

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.
Filter by Type:

Note: You can sort this table by Date Announced, Type of Announcement and Status.

  Symbol Date Announced Type of Announcement Acquiring Company/Person Price after Announcement Premium Status
BG 10/13/2017 News Report Glencore PLC $72.49 6.84% Active
Bunge Limited Potential Deal Details:

Glencore PLC has a standstill agreement that temporarily prevents it from making a hostile bid for Bunge Ltd., (BG) according to people familiar with the matter, raising the possibility Glencore will renew its effort to acquire the grain trader.

OMF 10/09/2017 News Report N/A $31.82 10.18% Active
OneMain Holdings, Inc. Potential Deal Details:

The subprime lender OneMain Holdings Inc (OMF) has put itself up for sale and is running an auction to solicit takeover bids, according to a person familiar with the matter.

HLX 10/09/2017 News Report N/A $7.31 10.26% Active
Helix Energy Solutions Group, Inc. Potential Deal Details:

Helix Energy Solutions Group Inc (HLX) is exploring strategic alternatives, including a potential sale, the Wall Street Journal reported on Monday, citing people familiar with the matter.

PNK 10/05/2017 News Report Penn National Gaming, Inc. (PENN) $23.70 8.42% Active
Pinnacle Entertainment, Inc. Potential Deal Details:

Penn National Gaming Inc. (PENN) has been in merger discussions with rival casino operator Pinnacle Entertainment Inc., (PNK) according to people familiar with the matter.

SEAS 10/04/2017 News Report Merlin Entertainments Plc $14.11 4.60% Not Successful
SeaWorld Entertainment, Inc. Potential Deal Details:
Date of Cancellation: 10/11/2017 Price at Cancellation: $13.51
Potential Loss: -4.25% Annualized Loss: -221.61%

U.K. theme-park operator Merlin Entertainments Plc has approached SeaWorld Entertainment Inc. (SEAS) about a potential deal, according to people familiar with the matter.

Update(s):

October 11, 2017: Merlin Entertainments Plc isn’t talking to SeaWorld Entertainment Inc. (SEAS)  about an acquisition of the U.S. company or a deal for any of its parts, the U.K. owner of Legoland theme parks said.

FMSA 10/03/2017 News Report SCR-SIBELCO $4.94 8.10% Active
Fairmount Santrol Holdings Inc. Potential Deal Details:

Belgian mining firm SCR-Sibelco NV is considering an acquisition of Fairmount Santrol Holdings Inc. (FMSA) after the U.S. frack sand miner lost more than half its market value this year, according to people familiar with the matter.

AAAP 09/27/2017 News Report Novartis AG (NVS) $65.10 8.94% Active
Advanced Accelerator Applications S.A. Potential Deal Details:

Novartis AG (NVS) is considering a deal for radiopharmaceutical company Advanced Accelerator Applications SA (AAAP) as the giant Swiss drugmaker seeks acquisitions to boost growth, according to people familiar with the matter.

S 09/19/2017 News Report T-Mobile US, Inc. (TMUS) $8.20 6.77% Active
Sprint Corporation Potential Deal Details:

Sprint Corp. (S) has started preliminary conversations to merge with T-Mobile US Inc. (TMUS), the latest attempt to consolidate in a market watched closely by U.S. regulators, according to people familiar with the matter.

Update(s):

June 06, 2017: In early-stage discussions between the two wireless carriers, an all-stock deal that would avoid the need for financing has emerged as a potential option, according to people familiar with the matter.

June 26, 2017: Sprint Chairman Masayoshi Son and the cable firms have entered into a two-month, exclusive agreement for discussions through late July, putting merger talks with T-Mobile US Inc. on hold.

August 07, 2017: Sprint Corp.’s (Sresumed talks about a potential merger with T-Mobile US Inc.,  (TMUS) being held at the same time as discussions with cable companies, shows the lengths billionaire Masayoshi Son is taking to build scale for a wireless carrier facing increasing competition in the U.S.

September 19, 2017:  U.S. wireless carrier T-Mobile US Inc (TMUS) is exploring taking over rival Sprint Corp (S)  in an all-stock deal, after SoftBank Group Corp offered to give up its majority ownership of Sprint, a person familiar with the matter said.

September 22, 2017: T-Mobile US Inc (TMUS)  is close to agreeing tentative terms on a deal to merge with peer Sprint Corp (S) , people familiar with the matter said on Friday, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers.

September 23, 2017: SoftBank Group Corp., the majority owner of Sprint Corp.,(S) is willing to accept a stock-for-stock merger with T-Mobile US (TMUS) that values Sprint at or near its current market price, according to people familiar with the matter.

October 06, 2017: Sprint Corp. (S) and T-Mobile US Inc. (TMUS) are putting the finishing touches on a merger that’s likely to be announced when the wireless carriers report quarterly earnings at the end of October, according to people familiar with the matter.

October 16, 2017: T-Mobile U.S. Inc  (TMUS) and Sprint Corp (S) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter.

October 20, 2017: Sprint Corp. (S) and T-Mobile US Inc. (TMUS)  may delay an announcement of their planned all-stock merger until several weeks after they release their quarterly earnings, people familiar with the matter said.

OA 09/17/2017 News Report Northrop Grumman Corporation (NOC) $132.25 20.18% Successful
Orbital ATK, Inc. Potential Deal Details:
Date of Confirmation: 09/18/2017 Price at Confirmation: $110.04
Potential Profit: -16.79% Annualized Profit: -6128.35%

Northrop Grumman Corp. (NOC) is nearing a deal to buy Orbital ATK Inc. (OA) in a transaction that could be worth upward of $7.5 billion, as acquisition activity in the aerospace industry ramps up.

Update(s):

September 18, 2017: Northrop Grumman Corporation (NOC), a leading global security company, and Orbital ATK, Inc. (OA), a global leader in aerospace and defense technologies, today announced they have entered into a definitive agreement under which Northrop Grumman (NOC) will acquire Orbital ATK (OA) for approximately $7.8 billion in cash, plus the assumption of $1.4 billion in net debt. Orbital ATK (OA) shareholders will receive all-cash consideration of $134.50 per share.

CSOD 09/14/2017 News Report N/A $40.03 14.86% Active
Cornerstone OnDemand, Inc. Potential Deal Details:

Enterprise software company Cornerstone OnDemand Inc (CSOD) is working with financial advisers to explore the possibility of a sale and also defend against the activist investors in its stock, according to a source familiar with the matter.

THC 09/13/2017 News Report N/A $16.24 -5.31% Active
Tenet Healthcare Corp. Potential Deal Details:

Tenet Healthcare Corp., (THC) facing shareholder-activist pressure, is exploring strategic options including a possible sale of the hospital company, according to people familiar with the matter.

GIMO 09/12/2017 News Report Elliott's Evergreen $44.70 2.76% Not Successful
Gigamon Inc. Potential Deal Details:
Date of Cancellation: 10/06/2017 Price at Cancellation: $40.55
Potential Loss: -9.28% Annualized Loss: -141.13%

Elliott Management Corp’s private equity arm has submitted a bid to acquire U.S. networking software maker Gigamon Inc (GIMO), according to people familiar with the matter.

Update(s):

October 06, 2017: Hedge fund Elliott Management Corp’s attempt to acquire U.S. networking software maker Gigamon Inc (GIMO) has ground to a halt over price disagreements, people familiar with the matter said on Thursday.

FCE-A 09/11/2017 News Report N/A $26.20 2.10% Active
Forest City Realty Trust, Inc Potential Deal Details:

Forest City Realty Trust Inc., (FCE-A)  a property company that’s faced pressure from an activist investor, said it’s considering alternatives to increase shareholder value, including a potential merger or acquisition.

BMS 09/08/2017 News Report Amcor $49.22 4.95% Active
Bemis Company, Inc. Potential Deal Details:

Packaging company Amcor Ltd. is considering a takeover of rival Bemis Co., (BMS) according to people familiar with the matter.

SDRL 09/01/2017 N/A China Merchants Group $0.28 47.37% Active
SeaDrill Limited Potential Deal Details:

State-owned conglomerate China Merchants Group is exploring acquisitions of offshore rig operators, which have struggled to recover from a collapse in oil-industry spending, people with knowledge of the matter said. As part of this analysis, the Chinese firm has looked at various assets and companies including Seadrill Ltd. (SDRL) and Shelf Drilling Ltd., the people said, asking not to be identified as the information is private.

CSTM 08/31/2017 News Report Novelis $11.55 2.21% Active
Constellium N.V Potential Deal Details:

Indian billionaire Kumar Mangalam Birla is evaluating possible bids for Constellium NV (CSTM) and Aleris Corp. as his conglomerate seeks to grow its aluminum operations overseas, people with knowledge of the matter said.

Update(s):

August 04, 2017: Constellium NV (CSTM), the Dutch maker of aluminum products, is weighing options after drawing takeover interest, according to people familiar with the matter.

BSFT 08/30/2017 N/A Cisco Systems, Inc. (CSCO) $48.00 11.50% Successful
BroadSoft, Inc. Potential Deal Details:
Date of Confirmation: 10/23/2017 Price at Confirmation: N/A
Potential Profit: N/A Annualized Profit: N/A

BroadSoft Inc, (BSFT) a U.S. provider of software that helps companies offer cloud-based communications services, is exploring its options, including the potential sale of the company, according to people familiar with the matter.

Update(s):

October 23, 2017: Cisco Systems Inc. (CSCO) is close to a deal to acquire software maker BroadSoft Inc., (BSFT) according to people with knowledge of the situation.

October 23, 2017: Cisco  (CSCO) and BroadSoft (BSFTtoday announced a definitive agreement for Cisco to acquire publicly-held BroadSoft, Inc., headquartered in Gaithersburg, MD. Pursuant to the agreement, Cisco will pay $55 per share, in cash, in exchange for each share of BroadSoft, or an aggregate purchase price of approximately $1.9 billion net of cash, assuming fully diluted shares including conversion of debt.

YUME 08/23/2017 Company Seeking Strategic Alternatives RhythmOne plc (RTHM.L) $5.15 1.78% Successful
YuMe, Inc. Potential Deal Details:
Date of Confirmation: 09/05/2017 Price at Confirmation: $5.16
Potential Profit: 0.19% Annualized Profit: 5.33%

YuMe (YUME) confirms that it is in discussions regarding a potential transaction with RhythmOne  (RTHM.L). As previously announced, YuMe (YUME) has been engaged in a strategic process in which YuMe (YUME) continues to consider several value enhancing initiatives, including remaining as a stand-alone company.

September 05, 2017: RhythmOne plc (RTHM.L) today announced that it has entered into a definitive agreement with YuMe, Inc.  (YUME)  to acquire all its issued and to be issued share capital for a total consideration of approximately US $185M based on current exchange rates. The transaction is expected to close by Q1 2018.

 

 

VVC 08/22/2017 News Report N/A $66.16 7.91% Active
Vectren Corporation Potential Deal Details:

Vectren Corp.,  (VVC)  a Midwestern gas and electric utility with a market value of almost $5.5 billion, is considering options including a potential sale after receiving takeover interest, people familiar with the matter said.

MBVX 08/22/2017 Company Seeking Strategic Alternatives N/A $0.51 0.00% Active
MabVax Therapeutics Holdings, Inc. Potential Deal Details:

MabVax (MBVX) also announced that it is engaging a leading global independent investment bank to serve as a financial advisor to assist the Company in exploring and evaluating strategic options with the goal of maximizing shareholder value.

FCAU 08/21/2017 News Report Great Wall Motor $13.44 6.92% Not Successful
Fiat Chrysler Automobiles N.V. Potential Deal Details:
Date of Cancellation: 09/02/2017 Price at Cancellation: $15.53
Potential Loss: 15.55% Annualized Loss: 472.98%

China’s Great Wall Motor has asked for a meeting with Fiat Chrysler Automobiles (FCAU) with the aim of making an offer for all or part of the Italian-American auto group, according to two individuals familiar with the move.

Update(s):

September 02, 2017: Fiat Chrysler  (FCAU) has not received any offer for the company nor is the world’s seventh-largest carmaker working on any “big deal”, Chief Executive Sergio Marchionne said on Saturday.

RNG 08/09/2017 News Report N/A $38.80 8.08% Active
RingCentral, Inc. Potential Deal Details:

Cloud-based software maker RingCentral Inc. (RNG) is working with an adviser after receiving takeover interest, according to people familiar with the matter.

PBPB 08/04/2017 News Report N/A $11.15 2.29% Active
Potbelly Corporation Potential Deal Details:

Sandwich maker Potbelly Corp. (PBPB) is considering putting itself up for sale, making it the latest restaurant chain to run into trouble as Americans dine out less.

COL 08/04/2017 News Report United Technologies Corp. (UTX) $119.00 0.47% Successful
Rockwell Collins, Inc. Potential Deal Details:
Date of Confirmation: 09/04/2017 Price at Confirmation: $130.61
Potential Profit: 9.76% Annualized Profit: 114.92%

Jet-engine manufacturer United Technologies Corp. (UTX) is weighing an acquisition of aviation-equipment supplier Rockwell Collins Inc., (COL) according to people familiar with the matter, in a deal that would potentially rank among the largest ever in the industry.

Update(s):

August 07, 2017: United Technologies Corp. (UTX) has made an approach to acquire Rockwell Collins Inc., (COL) but the two aerospace suppliers are still wrangling over the price of a takeover that would exceed $20 billion, said people familiar with the matter.

August 29, 2017: United Technologies Corp. (UTX) is nearing a deal to buy Rockwell Collins Inc. (COL) for more than $20 billion, a tie-up that would create one of the world’s biggest aircraft-equipment makers.

September 04, 2017: Industrial conglomerate United Technologies Corp. (UTX) reached a deal to buy airplane-parts maker Rockwell Collins Inc. (COL) for $23 billion, in the biggest aerospace deal in history.

CHTR 07/31/2017 News Report SoftBank Group Corp. (SFTBY) $391.97 5.86% Active
Charter Communications, Inc. Potential Deal Details:

Charter Communications Inc’s (CHTR)  shares surged to a record high on Monday after a source said Japan’s SoftBank Group Corp (SFTBY) was considering an acquisition offer, even as Charter shot down the possibility of it being the acquirer in any merger with SoftBank’s U.S. wireless carrier, Sprint Corp.

SIGM 07/26/2017 Company Seeking Strategic Alternatives N/A $6.70 9.84% Active
Sigma Designs, Inc. Potential Deal Details:

Sigma Designs (SIGM), a leading provider of Smart TV platforms and IoT devices, today announced that its Board of Directors has engaged Deutsche Bank Securities Inc., as a financial advisor to assist in its exploration of strategic alternatives that may enhance stockholder value.

RLJ 07/20/2017 N/A The Blackstone Group L.P. (BX) $20.17 -1.71% Active
RLJ Lodging Trust Potential Deal Details:

Blackstone Group LP (BX) recently made a roughly $3 billion bid to acquire RLJ Lodging Trust (RLJ), a move that if successful would end RLJ’s agreement to acquire rival hotel investor FelCor Lodging Trust Inc.

SNI 07/18/2017 News Report Discovery Communications, Inc. (DISCK) $67.02 -1.76% Successful
Scripps Networks Interactive, Inc. Potential Deal Details:
Date of Confirmation: 07/31/2017 Price at Confirmation: $87.41
Potential Profit: 30.42% Annualized Profit: 854.10%

Discovery Communications Inc. (DISCA) is in talks to combine with Scripps Networks Interactive Inc., (SNI) people familiar with the situation said, a deal that would unite two media companies trying to chart a course in a cable-TV industry being upended by digital consumption.

Update(s):

July 26, 2017: Viacom Inc (VIA) has informed Scripps Networks Interactive (SNI) it is willing to pay all cash to acquire the U.S. TV network operator, sources familiar with the matter said on Tuesday.

July 26, 2017: Viacom Inc.  (VIA) is out of the running to acquire Scripps Networks Interactive Inc., (SNI) leaving Discovery Communications Inc. (DISCA) as the only remaining suitor in talks to purchase the cable TV programmer, people familiar with the situation said.

July 31, 2017:  Discovery Communications, Inc. (DISCA) and Scripps Networks Interactive, Inc.  (SNI) today announced that they have signed a definitive agreement for Discovery to acquire Scripps in a cash-and-stock transaction valued at $14.6 billion, or $90 per share, based on Discovery’s Friday, July 21 closing price.

BGC 07/17/2017 News Report Prysmian, Nexans and NKT $18.20 9.97% Active
General Cable Corporation Potential Deal Details:

Cable manufacturer General Cable Corp (BGC) announced on Sunday a review of strategic alternatives that could include a potential sale of the company.

Update(s):

October 06, 2017: U.S. cable manufacturer General Cable Corp (BGC) has received tentative bids from European rivals Prysmian , Nexans and NKT , two sources familiar with the matter told Reuters, as part of its efforts to find a new owner.

DDC 07/14/2017 News Report Washington Companies $13.48 5.64% Successful
Dominion Diamond Corporation Potential Deal Details:
Date of Confirmation: 07/17/2017 Price at Confirmation: $14.07
Potential Profit: 4.38% Annualized Profit: 532.90%

Dominion Diamond Corp of Canada, (DDC) the world’s third-largest diamond producer by market value, is in advanced and friendly talks with the Washington Companies on a sweetened cash takeover bid, sources told Reuters this week.

Update(s):

July 17, 2017: Dominion Diamond Corporation (DDC) and The Washington Companies (“Washington”), a group of privately held North American mining, industrial and transportation businesses founded by industrialist and entrepreneur Dennis R. Washington, today announced that they have entered into an arrangement agreement under which an entity affiliated with Washington will acquire all of Dominion’s outstanding common shares for US$14.25 per share in cash or a total equity value of approximately US$1.2 billion pursuant to a plan of arrangement (the “Arrangement”) under the Canada Business Corporations Act.

 

RCII 07/10/2017 News Report Vintage Capital $11.10 -1.86% Not Successful
Rent-A-Center, Inc. Potential Deal Details:
Date of Cancellation: 07/11/2017 Price at Cancellation: $12.09
Potential Loss: 8.92% Annualized Loss: 3255.80%

Vintage Capital has offered to buy Rent-A-Center Inc (RCII) for around $800 million, according to a letter seen by Reuters, in a move that would add another rent-to-own company to the private equity firm’s portfolio.

Update(s):

July 11, 2017: Rent-A-Center Inc. (RCII)  said Tuesday it has rejected an unsolicited takeover offer of $15 a share from activist investor Vintage Capital Management LLC, calling it an “inadequate and opportunistic proposal.”

NEOT 07/10/2017 Company Seeking Strategic Alternatives Evofem Biosciences, Inc. $0.53 -5.36% Active
Neothetics, Inc. Potential Deal Details:

Neothetics, Inc. (NEOT) announced today that its Board of Directors has unanimously approved plans to initiate a process to explore and review a range of strategic alternatives focusing on seeking an acquisition, business combination or partnership that will allow for it to maximize shareholder value from its remaining assets and cash resources.

Update(s):

October 17, 2017: Neothetics, Inc. (NEOT) and Evofem Biosciences, Inc. today announced they have entered into a definitive agreement under which privately-held Evofem Biosciences will merge with a wholly-owned subsidiary of Neothetics in an all-stock transaction.

RMBS 07/07/2017 News Report N/A $12.45 9.89% Active
Rambus Inc. Potential Deal Details:

Rambus Inc., (RMBS) a chip designer with a lengthy history of patent litigation, is considering a sale even as it has expanded its business to include sales of its own branded chips, people familiar with the matter said.

ABCO 07/06/2017 News Report UnitedHealth Group Incorporated (UNH) $56.63 4.48% Active
The Advisory Board Company Potential Deal Details:

UnitedHealth Group Inc. (UNH) and Vista Equity Partners are nearing a deal to acquire and split up the health and education consultant Advisory Board Co., (ABCO) according to people familiar with the matter.

MORE 07/03/2017 News Report Greystar Real Estate Partners LLC $9.80 0.93% Successful
Monogram Residential Trust, Inc. Potential Deal Details:
Date of Confirmation: 07/04/2017 Price at Confirmation: $11.89
Potential Profit: 21.33% Annualized Profit: 7785.45%

An investment group led by Greystar Real Estate Partners LLC is nearing a deal to buy Monogram Residential Trust Inc., (MORE) according to people familiar with the matter, a move that would boost Greystar’s presence in the high-end apartment market.

Update(s):

July 04, 2017: Monogram Residential Trust, Inc. (MORE), an owner, operator and developer of luxury apartment communities with a significant presence in select coastal markets, today announced that it has entered into a definitive merger agreement to be acquired by a newly formed perpetual life fund, Greystar Growth and Income Fund, LP, led by Greystar Real Estate Partners and its initial founding capital partners, affiliates of APG Asset Management N.V., GIC, and Ivanhoé Cambridge, in a transaction valued at approximately $3.0 billion, including debt to be assumed or refinanced.

 

SPA 06/26/2017 Company Seeking Strategic Alternatives Ultra Electronics Holdings plc $22.76 24.10% Active
Sparton Corporation Potential Deal Details:

Sparton Corporation (SPA) today confirmed, in response to press reports and an announcement by Ultra Electronics Holdings plc, that it is in discussions with Ultra regarding the acquisition of Sparton by Ultra. These discussions are an outgrowth of Sparton’s previously announced sale process.

Update(s):

July 07, 2017: Sparton Corporation (SPA) announced today that it had entered into a merger agreement with Ultra Electronics Holdings plc, pursuant to which Ultra will acquire Sparton for $23.50 per share in cash.

ADHD 06/23/2017 Company Seeking Strategic Alternatives Arcturus Therapeutics, Inc. $1.12 0.00% Successful
Alcobra Ltd. Potential Deal Details:
Date of Confirmation: 09/27/2017 Price at Confirmation: $1.11
Potential Profit: -0.89% Annualized Profit: -3.38%

Alcobra Ltd. (ADHD), an emerging pharmaceutical company focused on the development of new medications to treat significant unmet clinical needs, today announced that its Board of Directors is conducting a process to explore and review a range of strategic alternatives focused on maximizing stockholder value from its development assets and cash resources.

Update(s):

September 27, 2017: Alcobra Ltd. (ADHD) and Arcturus Therapeutics, Inc., a privately held biotechnology company developing novel RNA medicines, today announced the signing of a definitive agreement to merge the two companies in an all-stock transaction

CXRX 06/21/2017 Company Seeking Strategic Alternatives N/A $1.38 17.95% Active
Concordia International Corp. Potential Deal Details:

Concordia International Corp. (CXRX) nearing completion of long-term growth strategy, will explore strategic alternatives.

CA 06/20/2017 News Report BMC Software $35.80 13.36% Active
CA, Inc. Potential Deal Details:

Privately owned BMC Software has contacted banks about putting together a financing package for an acquisition offer for enterprise software maker CA Inc (CA), according to a source familiar with the matter.

Update(s):

July 28, 2017: 

BMC Software Inc.’s talks to combine with CA Inc. (CA) and take the software company private have ended. BMC, which is owned by private-equity firms Bain Capitaland Golden Gate Capital, is no longer exploring a deal with CA (CA) and the talks aren’t likely to heat up again soon, according to people familiar with the matter.

 

KEG 06/19/2017 News Report Basic Energy Services, Inc. (BAS) $18.04 5.87% Active
Key Energy Services, Inc. Potential Deal Details:

Basic Energy Services, Inc. (BAS) is said to be discussing a buyout of Key Energy Services, Inc. (KEG) in an all-stock deal that could be announced within several weeks

BKD 06/13/2017 News Report Zhonghong Zhuoye Group Co Ltd $15.24 8.32% Active
Brookdale Senior Living Inc. Potential Deal Details:

Zhonghong Zhuoye Group Co Ltd, the Chinese real estate and leisure group which last month bought a stake in SeaWorld Entertainment Inc, is in talks to acquire Brookdale Senior Living Inc (BKD), people familiar with the matter said.

TVTY 06/08/2017 News Report Private equity firms $38.15 0.93% Active
Tivity Health, Inc. Potential Deal Details:

Tivity Health Inc (TVTY), a U.S. provider of fitness and health improvement programs, is considering a potential sale after receiving takeover interest from private equity firms, people familiar with the matter said on Thursday.

JWN 06/08/2017 News Report N/A $47.16 5.67% Active
Nordstrom, Inc. Potential Deal Details:

Nordstrom, Inc. (JWN) seeking alternative strategies.

JASO 06/06/2017 Unsolicited Bid Buyer Group $6.44 -1.38% Active
JA Solar Holdings Co., Ltd. Potential Deal Details:

JA Solar Holdings Co., Ltd. (JASO) received a non-bidding proposal from Mr. Baofang Jin, chairman and chief executive officer of the Company, and Jinglong Group Co., Ltd.

ORPN 06/05/2017 Company Seeking Strategic Alternatives N/A $0.47 2.17% Active
Bioblast Pharma Ltd. Potential Deal Details:

Bioblast Pharma Ltd. (ORPN), a clinical-stage, orphan disease-focused biotechnology company, today announced that it has engaged JSB-Partners, a global life sciences advisor, to assist the Company in executing its business development objectives.

PF 05/31/2017 News Report Conagra Brands, Inc. (CAG) $62.31 2.74% Not Successful
Pinnacle Foods Inc. Potential Deal Details:
Date of Cancellation: 06/02/2017 Price at Cancellation: $61.92
Potential Loss: -0.63% Annualized Loss: -114.98%

Reddi-wip whipped cream owner Conagra Brands Inc (CAG) has approached Pinnacle Foods Inc (PF), the maker of packaged foods such as Vlasic pickles, to express interest in an acquisition, people familiar with the matter said on Wednesday.

Update(s):

June 05, 2017: Reddi-wip whipped cream owner Conagra Brands Inc (CAG) has concluded talks to acquire Pinnacle Foods Inc (PF), the maker of packaged foods such as Vlasic pickles, after failing to agree on a price, a person familiar with the matter said on Friday.

GNRT 05/31/2017 News Report Frontline Ltd. (FRO) $5.47 3.21% Not Successful
Gener8 Maritime, Inc. Potential Deal Details:
Date of Cancellation: 06/26/2017 Price at Cancellation: $5.23
Potential Loss: -4.39% Annualized Loss: -61.63%

Frontline Ltd., (FRO) the tanker major owned by Norwegian billionaire John Fredriksen, is in talks to buy or merge with U.S.-listed Gener8 Maritime Inc., (GNRT) people with knowledge of the matter said.

June 26, 2017: Oslo-listed oil tanker firm Frontline  (FRO)  is no longer pursuing an acquisition of DHT Holdings (DHT) and is not working on any other acquisitions either, Frontline’s CEO told Reuters on Monday.

WEB 05/25/2017 News Report N/A $21.20 -0.47% Active
Web.com Group, Inc. Potential Deal Details:

Web.com Group Inc, (WEB)  a U.S. provider of internet domain name registration that also helps businesses build websites, is in talks with private equity firms after receiving takeover approaches, people familiar with the matter said on Thursday.

TSRI 05/19/2017 Unsolicited Bid Zeff Capital $6.00 7.14% Not Successful
TSR, Inc. Potential Deal Details:
Date of Cancellation: 05/30/2017 Price at Cancellation: $7.60
Potential Loss: 26.67% Annualized Loss: 884.96%

TSR Inc. (TSRI) received an offer from 7.2% shareholder Zeff Capital to acquire all remaining TSRI shares for $6.15 each.

June 01, 2017: TSR, Inc., (TSRI), announced today that the Company will not pursue the previously disclosed proposal made by Zeff Capital, L.P.  to acquire all of the outstanding shares of TSR Common Stock not already owned by Zeff Capital or its affiliates for $6.15 per share, in cash.

DYN 05/18/2017 News Report Vistra Energy Corp. (VST) $14.80 -1.92% Active
Dynegy Inc. Potential Deal Details:

Vistra Energy Corp. (VST) has made a takeover approach to debt-laden rival Dynegy Inc., (DYN) according to people familiar with the matter, a tie-up that would create one of the country’s largest independent power producers.

CL 05/16/2017 Company Seeking Strategic Alternatives N/A $71.58 -0.10% Active
Colgate-Palmolive Company Potential Deal Details:

Colgate-Palmolive (CL) CEO signaled he would be open to selling co for $100/share at meeting with institutional investors in recent weeks

PTHN 05/15/2017 News Report Thermo Fisher Scientific Inc. (TMO) $34.60 33.08% Successful
PATHEON N.V. Potential Deal Details:
Date of Confirmation: 05/15/2017 Price at Confirmation: $34.60
Potential Profit: 0.00% Annualized Profit: N/A

Thermo Fisher Scientific Inc., (TMO) which became one of the world’s biggest manufacturers of diagnostic and testing equipment through acquisitions, has its sights on another deal. The U.S. company is in talks to buy Patheon NV (PTHN), a maker of drug ingredients that began trading less than a year ago, according to people with knowledge of the matter.

May  15, 2017: Thermo Fisher Scientific Inc. (TMO), the world leader in serving science, and Patheon N.V. (PTHN), a leading global provider of high-quality drug development and delivery solutions to the pharmaceutical and biopharma sectors, today announced that their boards of directors have approved Thermo Fisher’s acquisition of Patheon. Thermo Fisher will commence a tender offer to acquire all of the issued and outstanding shares of Patheon for $35.00 per share in cash. The transaction represents a purchase price of approximately $7.2 billion, which includes the assumption of approximately $2.0 billion of net debt.

CAAS 05/15/2017 Unsolicited Bid Mr. Hanlin Chen $5.10 14.61% Active
China Automotive Systems, Inc. Potential Deal Details:

China Automotive Systems, Inc. (CAAS), a leading power steering components and systems supplier in China, today announced that its Board of Directors (the “Board”) has received a preliminary non-binding proposal letter, dated May 14, 2017, from its Chairman, Mr. Hanlin Chen, to acquire all of the outstanding shares of common stock of the Company not already beneficially owned by Mr. Chen for US$5.45 per share of common stock in cash.

CPN 05/10/2017 News Report N/A $11.89 18.07% Successful
Calpine Corporation Potential Deal Details:
Date of Confirmation: 08/18/2017 Price at Confirmation: $14.92
Potential Profit: 25.48% Annualized Profit: 93.00%

Calpine Corp., (CPN) a big U.S. power generator that has been hit by sluggish demand and weak pricing, is exploring a sale.

Update(s):

July 27, 2017: Energy Capital Partners, the private equity firm that owns the largest stake in U.S. power generator Dynegy Inc., (DYN) is now in advanced talks to buy its rival Calpine Corp., according to people familiar with the matter.

August 17, 2017: Private-equity firm Energy Capital Partners is nearing a deal to buy power-generation company Calpine Corp., (CPN) according to people familiar with the matter.

August 18, 2017: Calpine Corporation (CPN), America’s largest generator of electricity from natural gas and geothermal resources, today announced that it has entered into a definitive agreement under which Energy Capital Partners  along with a consortium of investors led by Access Industries and Canada Pension Plan Investment Board will acquire Calpine for $15.25 per share in cash, or $5.6 billion.

ANF 05/09/2017 News Report N/A $12.67 0.24% Not Successful
Abercrombie & Fitch Co. Potential Deal Details:
Date of Cancellation: 07/10/2017 Price at Cancellation: $9.59
Potential Loss: -24.31% Annualized Loss: -143.12%

U.S. teen apparel retailer company Abercrombie & Fitch Co (ANF) is working with an investment bank to field takeover interest from other retailers, people familiar with the situation said on Tuesday.

Update(s):

July 10, 2017: Abercrombie & Fitch Co.’s  (ANF)  efforts to sell itself have stalled, according to people familiar with the matter.

EGT 05/08/2017 Unsolicited Bid Melco International Development Limited (MDEVF) $2.27 4.13% Active
Entertainment Gaming Asia Inc. Potential Deal Details:

The Board of Directors of Entertainment Gaming Asia Inc. (EGT) today confirmed that Melco International Development Limited (MDEVF), through its wholly-owned subsidiary EGT Nevada Holding Inc., has commenced an unsolicited cash tender offer  to acquire all outstanding shares of common stock, $0.001 par value, of the Company , other than shares of Company Common Stock owned by Melco or its affiliates, at a price of $2.35 net per share.

Update(s):

May 19, 2017: Entertainment Gaming Asia Inc. (EGT) today announced that its Board of Directors has determined that it expresses no opinion and remains neutral toward the unsolicited cash tender offer by Melco International Development Limited (MDEVF)

 

VWR 05/03/2017 News Report Avantor $33.62 17.88% Successful
VWR CORP Potential Deal Details:
Date of Confirmation: 05/05/2017 Price at Confirmation: $33.28
Potential Profit: -1.01% Annualized Profit: -184.33%

Private-equity firm New Mountain Capital LLC is in advanced talks to buy laboratory-supply distributor VWR Corp., (VWR) a transaction that could potentially be worth close to $5 billion.

May 08, 2017: VWR Corporation (VWR) agreed to be acquired by Avantor, owned by P-E firm New Mountain Capital for $6.4 billion or $33.25 per share in cash.

WSTC 04/28/2017 News Report Apollo Global Management, LLC (APO) $26.69 -0.82% Successful
West Corporation Potential Deal Details:
Date of Confirmation: 05/09/2017 Price at Confirmation: $24.11
Potential Profit: -9.67% Annualized Profit: -320.87%

Private equity firm Apollo Global Management LLC (APO) is in advanced negotiations to acquire U.S. telephone conferencing services provider West Corp (WSTC), people familiar with the matter said on Thursday.

Update(s):

May 01, 2017: Buyout firm Apollo Global Management LLC (APO) is seeking to convince U.S. telephone conferencing services provider West Corp (WSTC) to lower its price expectations and accept a $2 billion acquisition offer, according to people familiar with the matter.

May 10, 2017: West Corporation (WSTC), a global provider of communication and network infrastructure services, today announced it has entered into a definitive agreement with affiliates of certain funds managed by affiliates of Apollo Global Management, LLC (APO), a leading global alternative investment manager, pursuant to which the Apollo funds will acquire all of the outstanding shares of West common stock for $23.50 per share in cash.

WFM 04/27/2017 News Report Amazon.com, Inc. (AMZN) $36.22 9.56% Successful
Whole Foods Market, Inc. Potential Deal Details:
Date of Confirmation: 06/16/2017 Price at Confirmation: $42.68
Potential Profit: 17.84% Annualized Profit: 130.23%

Albertsons Cos Inc is exploring a takeover of high-end grocer Whole Foods Market Inc (WFM), the Financial Times reported on Monday, citing people familiar with the matter.

April 27, 2017: Another big investor is calling on Whole Foods Market Inc. to explore a sale. Mutual-fund manager Neuberger Berman, which owns a 2.7% stake in the organic grocery chain, sent a letter to the company’s board this week urging it to “immediately engage advisors” to review options including a sale or joint venture.

June 16, 2017: Amazon.com Inc. (AMZN) said on Friday it would buy Whole Foods Market Inc. (WFM) for $13.7 billion, including debt, instantly transforming the online giant into a major player in the bricks-and-mortar retail sector it has spent years upending.

June 16, 2017: Amazon (AMZN) and Whole Foods Market, Inc.  (WFM) today announced that they have entered into a definitive merger agreement under which Amazon will acquire Whole Foods Market for $42 per share in an all-cash transaction valued at approximately $13.7 billion, including Whole Foods Market’s net debt. 

ROX 04/26/2017 News Report N/A $1.62 1.25% Active
Castle Brands Inc. Potential Deal Details:

Castle Brands Inc., (ROX) a producer of whiskey, vodka and other spirits, is exploring a sale and may draw interest from potential buyers including Corona-maker Constellation Brands Inc. and Sazerac Co., according to people familiar with the matter.

TRCO 04/20/2017 News Report Sinclair Broadcast Group, Inc (SBGI) $38.10 -0.81% Successful
Tribune Media Company Potential Deal Details:
Date of Confirmation: 05/08/2017 Price at Confirmation: $42.40
Potential Profit: 11.29% Annualized Profit: 228.94%

Sinclair Broadcast Group Inc. (SBGI) is aiming to acquire Tribune Media Co., (TRCO) owner of TV stations in big media markets including New York, Chicago and Miami, for a per-share price in the high $30s, according to people familiar with the matter.

Update(s):

May 01, 2017: 21st Century Fox Inc., the media conglomerate controlled by Rupert Murdoch, is teaming with Blackstone Group LP to make an offer to acquire TV-station owner Tribune Media Co., rivaling a planned bid by Sinclair Broadcast Group Inc., people familiar with the situation said.

May 08, 2017: TV station giant Sinclair Broadcast Group Inc. (SBGI) is close to a deal to acquire Tribune Media Co. (TRCO) for close to $4 billion, a person familiar with the matter said.

May 08, 2017: Sinclair Broadcast Group, Inc.(SBGI) and Tribune Media Company (TRCO) today announced that they have entered into a definitive agreement under which Sinclair will acquire 100% of the issued and outstanding shares of Tribune for $43.50 per share, for an aggregate purchase price of approximately $3.9 billion, plus the assumption of approximately $2.7 billion in net debt.

KND 04/20/2017 News Report N/A $8.95 8.48% Active
Kindred Healthcare, Inc. Potential Deal Details:

Kindred Healthcare Inc (KND) is exploring a sale, according to people familiar with the matter, as the largest home health, hospice and community care provider in the United States faces pressure to reduce its exposure to Medicare patients.

FSAM 04/19/2017 News Report Oaktree Capital Group, LLC (OAK) $4.85 12.79% Active
Fifth Street Asset Management Inc. Potential Deal Details:

Specialty lender Fifth Street Asset Management Inc. (FSAM) is exploring a sale amid a deterioration in its loan portfolio and management turnover.The Greenwich, Conn., company is working with Morgan Stanley to sound out potential buyers, according to people familiar with the matter.

Update(s):

June 29, 2017: The Wall Street Journal is out with a report Thursday afternoon that Oaktree Capital (OAK), managed by the esteemed debt investor Howard Marks, is preparing to buy Fifth Street Asset Management (FSAM).

June 30, 2017: Fifth Street Asset Management (FSAM) this morning confirmed it’s in discussions regarding a potential sale, which would include management of Fifth Street Finance (FSC) and Fifth Street Floating Rate (FSFR).

NSAT 04/17/2017 Unsolicited Bid Privet Fund Management LLC $10.85 7.43% Inactive
Norsat International Inc. Potential Deal Details:

Norsat International Inc. (NSAT), a provider of unique and customized communication solutions for remote and challenging applications, today announced that further to its news releases of September 19, 2016, March 17, 2017 and March 27, 2017, it has recently received an unsolicited, conditional, non-binding proposal from Privet Fund Management LLC to acquire the Company for cash consideration of US$11.00 per share.  The non-binding proposal is subject to conditions including due diligence and financing.  Consistent with its fiduciary responsibilities, Norsat’s Board of Directors has constituted a special committee of the Board to, in consultation with its legal and financial advisors, review and consider this proposal.

May 15, 2017: Norsat International Inc. (NSAT), a provider of unique and customized communication solutions for remote and challenging applications, today announced that further to its news releases of September 19, 2016, March 17, 2017, March 27, 2017 and April 17, 2017, it has received an updated unsolicited, proposal from Privet Fund Management LLC to acquire the Company for cash consideration of US$11.00 per share.

May 25, 2017:  Norsat International Inc. (NSAT), a provider of unique and customized communication solutions for remote and challenging applications, today announced that further to its news releases of September 19, 2016, March 17, 2017, March 27, 2017, April 17, 2017, May 15, 2017 and May 18, 2017, 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 received, reviewed and considered an offer from Hytera to amend the terms of the existing Arrangement Agreement.

May 31, 2017: Norsat International Inc. (NSAT), a provider of unique and customized communication solutions for remote and challenging applications, today announced that further to its news releases of September 19, 2016, March 17, 2017, March 27, 2017, April 17, 2017, May 15, 2017, May 18, 2017 and May 25, 2017, that it has entered into an amended arrangement agreement with Hytera Project Corp. , a subsidiary of Hytera Communications Co., Ltd., pursuant to which Hytera will acquire all the issued and outstanding shares of Norsat for $11.25 in United States dollars in cash per share, pursuant to a court-approved plan of arrangement.

June 12, 2017: Norsat International Inc. (NSAT), a provider of unique and customized communication solutions for remote and challenging applications, today announced it has received an updated unsolicited, proposal from Privet Fund Management LLC  to acquire the Company for cash consideration of $11.50 USD per share (the “Privet Subsequent Acquisition Proposal”).

June 14, 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$11.50 per share. The Independent Directors have determined that the Privet Subsequent Acquisition Proposal constitutes a “Superior Proposal” as defined in the Amended Arrangement Agreement. Norsat has delivered written notice to Hytera of the determination of the Independent Directors.

June 16, 2017:  Norsat International Inc. (NSAT) , a provider of unique and customized communication solutions for remote and challenging applications, today 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 received, reviewed and considered an offer from Hytera to amend the terms of the existing Amended Arrangement Agreement.

AKRX 04/07/2017 Unsolicited Bid FRESENIUS SE+CO.KGAA (FREG.DE) $29.77 18.04% Successful
Akorn, Inc. Potential Deal Details:
Date of Confirmation: 04/25/2017 Price at Confirmation: $33.09
Potential Profit: 11.15% Annualized Profit: 226.10%

German healthcare group Fresenius SE & Co KGaA (FREG.DE) said on Friday that it was in talks with the generic drugmaker Akorn Inc (AKRX) for a potential takeover.

April 25, 2017: German healthcare group Fresenius SE & Co KGaA (FREG.DE) has stepped up its dealmaking, agreeing to buy U.S. generic drugmaker Akorn Inc (AKRX) for $4.75 billion (4.37 billion euros) and the biosimilars arm of Germany’s Merck KGaA.

SPLS 04/04/2017 Company Seeking Strategic Alternatives Sycamore Partners $9.51 9.82% Successful
Staples Inc. Potential Deal Details:
Date of Confirmation: 06/28/2017 Price at Confirmation: $9.93
Potential Profit: 4.42% Annualized Profit: 18.98%

Staples Inc. (SPLS) is exploring a sale to possible private-equity bidders, the retailer’s latest move to revive its turnaround effort after a failed merger with rival Office Depot Inc. and as competition stiffens with web retailers such as Amazon.com Inc.

Update(s):

May 02, 2017: Cerberus Capital Management LP and Sycamore Partners are the two private equity firms actively exploring an acquisition of Staples Inc (SPLS), the U.S. office supplies retailer, people familiar with the matter said on Tuesday.

June 22, 2017: Private equity firm Sycamore Partners is in advanced talks to acquire Staples Inc (SPLS) following an auction for the U.S. office supplies retailer, people familiar with the matter said on Wednesday, in a deal that could top $6 billion.

June 28, 2017: Staples and Sycamore Partners announced that they have entered into a merger agreement in which investment funds managed by Sycamore Partners will acquire the Company in a transaction that values Staples at an equity value of approximately $6.9 billion.  Under the terms of the merger agreement, all Staples’ stockholders will receive $10.25 per share in cash for each share of common stock they own.

PNRA 04/03/2017 Company Seeking Strategic Alternatives JAB Holding Co. $282.63 7.93% Successful
Panera Bread Company Potential Deal Details:
Date of Confirmation: 04/05/2017 Price at Confirmation: $312.94
Potential Profit: 10.72% Annualized Profit: 1956.40%

Panera Bread Co. (PNRA) is exploring strategic options including a possible sale after receiving takeover interest, people with knowledge of the matter said.

Update(s):

April 05, 2017: JAB Holding Co. is in advanced talks to acquire bakery chain Panera Bread Co., (PNRA) adding to a burgeoning food empire that already spans coffee, bagels, and doughnuts, according to people with knowledge of the matter.

April 05, 2017: Panera Bread Company (PNRA) and JAB today announced that the companies have entered into a definitive merger agreement under which JAB will acquire Panera for $315 per share in cash, in a transaction valued at approximately $7.5 billion, including the assumption of approximately $340 million of net debt. The agreement, which has been unanimously approved by Panera’s Board of Directors, represents a premium of approximately 30% to the 30-day volume-weighted average stock price as of March 31, 2017, the last trading day prior to news reports speculating about a potential transaction, and a premium of approximately 20% to Panera’s all-time high closing stock price as of that same date.

April 10, 2017: Brazilian private equity giant 3G Capital is seriously weighing a rival bid for the 2,036-store chain, sources close to the situation said.

IRG 04/03/2017 Company Seeking Strategic Alternatives N/A $0.37 0.00% Inactive
Ignite Restaurant Group, Inc. Potential Deal Details:

Ignite Restaurant Group, Inc. (IRG) today announced that its Board of Directors, working together with its management team and financial advisors, Piper Jaffray, has commenced a process to pursue the sale of the Company’s business, which could be sold as an entirety or through the separate sales of its two restaurant brands, Joe’s Crab Shack and Brick House Tavern + Tap.

SFM 03/20/2017 News Report Albertsons Cos Inc $21.83 -0.86% Inactive
Sprouts Farmers Market, Inc. Potential Deal Details:

Albertsons, the grocery-chain operator backed by Cerberus Capital Management, has held preliminary talks to merge with Sprouts Farmers Market (SFM), people with knowledge of the matter said.

INNL 03/16/2017 News Report Gurnet Point Capital $1.88 37.23% Successful
Innocoll Holdings plc Potential Deal Details:
Date of Confirmation: 04/04/2017 Price at Confirmation: $1.82
Potential Profit: -3.19% Annualized Profit: -61.28%

The Management of Innocoll Holdings (INNL) has been investigating and continues to investigate strategic options for the Company to maximise shareholder value.

Update(s):

April 04, 2017: U.S. investment firm Gurnet Point Capital is nearing a deal to acquire Ireland-based specialty drugmaker Innocoll Holdings Plc (INNL), people familiar with the matter said.

April 04, 2017: Gurnet Point L.P., a healthcare investment fund, and Innocoll Holdings plc (INNL), a global pharmaceutical and medical device company, today announced that they have reached an agreement on the terms of a recommended offer. 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. The initial cash consideration of $1.75 represents a premium of approximately 120 percent to the closing price per Innocoll Share on March 10, 2017, the last dealing day prior to the date on which the anomalous movement in Innocoll’s shares commenced (and a premium of approximately 28 percent to the closing price per Innocoll Share on March 15, 2017, the day prior to Innocoll initiating the commencement of the offer period).

KCG 03/15/2017 Unsolicited Bid Virtu Financial, Inc. (VIRT) $16.90 23.09% Successful
KCG Holdings Potential Deal Details:
Date of Confirmation: 04/20/2017 Price at Confirmation: $19.75
Potential Profit: 16.86% Annualized Profit: 170.94%

Trading firm Virtu Financial (VIRT) has made a bid to acquire rival KCG Holdings (KCG) which could help shore up businesses that have been struggling with damped market volatility.

Update(s):

April 20, 2017: High-speed trading firm Virtu Financial Inc. (VIRTreached a deal to acquire rival KCG Holdings Inc. (KCG) for $1.4 billion in cash, a tie-up that would create an electronic trading giant responsible for around one-fifth of volume in U.S. equities.

 

CALL 03/15/2017 Company Seeking Strategic Alternatives N/A $8.10 8.00% Inactive
magicJack VocalTec Ltd. Potential Deal Details:

Bell, says MagicJack (CALL)  has received “multiple unsolicited offers” which are at various stages of due diligence and financing commitment. A special committee of the board has been chosen to study strategic alternatives.

CTXS 03/14/2017 Company Seeking Strategic Alternatives N/A $82.02 -3.43% Inactive
Citrix Systems Potential Deal Details:

Citrix Systems (CTXS)  is working with advisers to seek potential suitors for the cloud-services company, according to people familiar with the matter.

Update(s):

May 03, 2017: Private equity firms Bain Capital, Carlyle Group LP and Thoma Bravo are among bidders for cloud-services company Citrix Systems Inc. (CTXS), people familiar with the matter said.

MGI 03/14/2017 Unsolicited Bid Euronet Worldwide (EEFT) $15.77 24.57% Inactive
MoneyGram Potential Deal Details:

MoneyGram (MGI), today 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.

Update(s):

March 14, 2017: The company says its board will review and consider the proposal to determine the course of action that it believes is in the best interests of Moneygram and its shareholders.

March 20, 2017: MoneyGram International Inc (MGI) has offered to share confidential information with peer Euronet Worldwide Inc (EEFT) after the latter made a $1 billion acquisition offer, people familiar with the matter said.

March 21, 2017: Billionaire Jack Ma’s Ant Financial is considering whether to make a higher offer for MoneyGram International Inc., (MGI) according to a person familiar with the negotiations, after the U.S. company said a smaller rival’s bid could be a better deal.

March 26, 2017: MoneyGram International Inc (MGI) announced that it has entered into an Acceptable Confidentiality Agreement with Euronet Worldwide Inc (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.

April 04, 2017: The battle between Chinese billionaire Jack Ma’s Ant Financial Services Group and a Kansas rival to acquire MoneyGram International Inc. has sparked a lobbying war over a deal set to test the Trump administration’s view of Chinese investment in the U.S.

April 12, 2017: Ant Financial Services Group, the payments affiliate of Chinese e-commerce giant Alibaba Group Holding Ltd., will only consider raising its bid for U.S. money-transfer firm MoneyGram International Inc. (MGI) if a competing bid is declared superior, a senior executive at Ant Financial said Wednesday.

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.

April 17, 2017: Ant Financial Services Group has raised its bid for U.S. money-transfer company MoneyGram International Inc. to around $1.2 billion—topping a rival offer and making China’s biggest online-payments firm once more the leading contender in an increasingly politicized takeover battle.

April 17, 2017: Euronet Worldwide, Inc., (EEFT) a leading electronics payments provider, today acknowledges it submitted a binding offer to acquire MoneyGram International, Inc. (MGI) to MoneyGram’s Board of Directors on April 14, 2017.  On April 16, 2017, MoneyGram announced it had rejected Euronet’s offer and has entered into an amendment to the definitive agreement under which MoneyGram will merge with Ant Financial Services Group (the “Amended Merger Agreement”).  Euronet intends to review the Amended Merger Agreement.

July 12, 2017: Ant Financial, the affiliate of China’s Alibaba Group Holding Ltd (BABA) that agreed to buy money transfer company MoneyGram International Inc (MGI) for $1.2 billion, has resubmitted the deal for U.S. review, people familiar with the matter said.

 

 

CBR 03/14/2017 Unsolicited Bid Ameri Holdings, Inc. (AMRH) $0.53 -8.62% Inactive
Ciber, Inc. Potential Deal Details:

Ciber (CBR), a leading global information technology consulting, services and outsourcing company, confirmed that it has received a preliminary, non-binding letter of interest from Ameri Holdings (AMRH) to acquire, effected by a merger, the Company for a mix of preferred securities and cash consideration, which Ameri Holdings values at $0.75 per share of Ciber common stock.

LCUT 03/13/2017 Unsolicited Bid Mill Road Capital $20.10 6.35% Not Successful
Lifetime Brands, Inc. Potential Deal Details:
Date of Cancellation: 04/18/2017 Price at Cancellation: $20.41
Potential Loss: 1.54% Annualized Loss: 15.61%

Mill Road submitted an offer to acquire all shares of the Lifetime Brands (LCUT) stock at a cash price of $20.00 per share.

Update(s):

April 18, 2017: Lifetime Brands, Inc. (LCUT), a leading global provider of branded kitchenware, tableware and other products used in the home, today announced that its Board of Directors unanimously rejected an unsolicited and non-binding proposal from Mill Road Capital Management LLC to acquire all of the outstanding shares of Lifetime that it does not already own for a $20.00 per share price in cash.

 

RT 03/13/2017 Company Seeking Strategic Alternatives NRD Capital $2.16 24.14% Successful
Ruby Tuesday, Inc. Potential Deal Details:
Date of Confirmation: 09/13/2017 Price at Confirmation: $2.24
Potential Profit: 3.70% Annualized Profit: 7.34%

Ruby Tuesday (RT) announced it will explore strategic alternatives in order to maximize shareholder value and position the business for long-term success.

Update(s):

October 16, 2017: Ruby Tuesday, Inc. (RT)  today announced an agreement to be acquired by a fund managed by NRD Capital, an Atlanta-based private equity firm that specializes in franchised and multi-location business investments.

GBT 03/08/2017 News Report Novo Nordisk (NVO) $34.25 21.02% Inactive
Global Blood Therapeutics Potential Deal Details:

Danish drugmaker Novo Nordisk (NVO) has approached Global Blood Therapeutics (GBT), a U.S. biotechnology company focused on serious blood disorders, to discuss a potential acquisition, people familiar with the matter said.

Update(s):

March 9, 2017: Novo Nordisk’s (NVO) new chief executive is looking at making acquisitions to broaden the Danish drugmaker’s product line-up, in a change of tack that reflects a need for fresh sources of growth at the world’s biggest diabetes company.

May 12, 2017: Novo Nordisk’s (NVO) new chief executive is looking at making acquisitions to broaden the Danish drugmaker’s product line-up, in a change of tack that reflects a need for fresh sources of growth at the world’s biggest diabetes company.

IPXL 03/07/2017 Company Seeking Strategic Alternatives Amneal Pharmaceuticals LLC $9.10 8.33% Successful
Impax Laboratories, Inc. Potential Deal Details:
Date of Confirmation: 10/17/2017 Price at Confirmation: $19.30
Potential Profit: 112.09% Annualized Profit: 182.65%

Generic drugmaker Impax Laboratories Inc (IPXL) has asked investment bank Morgan Stanley (MS) to help it conduct a strategic review, as it tries to cope with a tougher drug pricing environment, people familiar with the matter said.

Update(s):

September 21, 2017: Impax Laboratories Inc.(IPXL)   is in talks to combine with rival Amneal Pharmaceuticals LLC as the companies seek to build strength in a challenging market for generic-drug makers.

October 16, 2017: Impax Laboratories Inc. (IPXL)  and Amneal Pharmaceuticals LLC are close to agreement on a merger that would create the nation’s fifth-largest generic-drug company by revenue, according to people familiar with the matter.

October 17, 2017: Amneal Pharmaceuticals LLC and Impax Laboratories, Inc. (IPXL)  today announced that they have entered into a definitive business combination in an all-stock transaction. As a result of the transaction, Amneal Holdings members will own approximately 75% and Impax shareholders will own approximately 25% of the new company’s pro forma shares on an as converted basis.

HNH 03/06/2017 Unsolicited Bid Steel Partners Holdings L.P. (SPLP-PA) $28.05 0.90% Successful
Handy & Harman Ltd. Potential Deal Details:
Date of Confirmation: 06/26/2017 Price at Confirmation: $28.50
Potential Profit: 1.60% Annualized Profit: 5.21%

Steel Partners Holdings (SPLP) announced that it has submitted a proposal to the independent members of the board of directors of Handy & Harman (HNH), to acquire all of the outstanding shares of common stock of HNH not owned by SPLP or its subsidiaries for a price of $29.00 per share, or approximately $106.7 million of value. SPLP currently owns approximately 70% of HNH’s outstanding shares.

June 26, 2017: Steel Partners Holdings L.P. (SPLP), a diversified global holding company, and Handy & Harman Ltd. (HNH), a diversified global industrial company, today announced they have signed a definitive merger agreement under which Steel Partners will acquire the remaining shares of Handy & Harman it does not currently own.

VTTI 03/02/2017 Unsolicited Bid VTTI B.V. $18.40 -0.27% Successful
VTTI Energy Partners LP Potential Deal Details:
Date of Confirmation: 05/08/2017 Price at Confirmation: $19.45
Potential Profit: 5.71% Annualized Profit: 31.11%

VTTI Energy Partners (VTTI) announced that the Board of Directors of VTTI Energy Partners has received a proposal from VTTI B.V. pursuant to which VTTI would acquire through a wholly owned subsidiary all publicly held common units of the Partnership in exchange for $18.75 per common unit, representing a 3% premium over the 30 trading day volume weighted average price as of March 1, 2017.

May 08, 2017: VTTI Energy Partners LP (VTTI) announced today that it has entered into a definitive merger agreement with VTTI B.V. pursuant to which VTTI will acquire, for cash, all of the outstanding publicly held common units of the Partnership, at a price of US$19.50 per common unit for an aggregate transaction value of approximately US$481 million.  The revised price represents an increase of US$0.75 when compared to the offer of US$18.75 per common unit made by VTTI on March 2, 2017.  In addition, unitholders of the Partnership will continue to receive regular quarterly distributions of $0.336 per unit for each completed quarter prior to the closing date.

AIRM 03/02/2017 News Report KKR $43.00 11.25% Successful
Air Methods Corporation Potential Deal Details:
Date of Confirmation: 03/14/2017 Price at Confirmation: $43.00
Potential Profit: 0.00% Annualized Profit: N/A

Private equity firm KKR, among others, is bidding to take Air Methods (AIRM) private according to Bloomberg.

Update(s):

March 14, 2017: Air Methods Corporation (AIRM) announced that it has entered into a definitive agreement to be acquired by affiliates of American Securities. Under the terms of the agreement, affiliates of American Securities will acquire all outstanding shares of Air Methods for $43.00 per share in cash. The transaction, which was unanimously approved by Air Methods’ Board of Directors, has a total enterprise value of approximately $2.5 billion, including net debt.

EGHT 02/24/2017 Company Seeking Strategic Alternatives N/A $16.15 9.86% Inactive
8x8, Inc. Potential Deal Details:

8×8 Inc (EGHT), a U.S. provider of internet-based voice and communication services to businesses, is exploring a potential sale of the company.

FCH 02/21/2017 Unsolicited Bid Ashford Hospitality Trust (AHT) $7.93 9.68% Not Successful
FelCor Lodging Trust Incorporated Potential Deal Details:
Date of Cancellation: 05/03/2017 Price at Cancellation: $7.73
Potential Loss: -2.52% Annualized Loss: -12.95%

Ashford Hospitality Trust (AHT) announced that it has submitted a non-binding proposal to acquire FelCor Lodging Trust (FCH) for a total consideration of $9.27 per share, based on closing prices as of February 17, 2017. FelCor shareholders would receive a fixed exchange ratio of 1.192 shares of Ashford Trust, a total of 400,000 shares of Ashford, and a total of 100,000 warrants to purchase Ashford shares. This offer, based on Ashford Trust’s written non-binding proposal to FelCor’s Board of Directors on February 21, 2017, represents a substantial premium of 28% over FelCor’s current stock price of $7.23 on February 17, 2017, a 23% premium to the 10-trading day volume weighted average price, and an 11% premium to FelCor’s 52-week high closing stock price of $8.34 on December 14, 2016.

Update(s)

February 24, 2017: FelCor Lodging Trust Incorporated (FCH) offered clarification on the unsolicited, non-binding and conditional proposal to combine its business with Ashford Hospitality Trust (AHT).

February 27, 2017: FelCor Lodging Trust Incorporated (FCH)’s Board of Directors sent a letter to Montgomery J. Bennett, Chairman of Ashford Hospitality Trust (AHT), regarding AHT’s proposal to combine its business with FelCor. They said that FelCor has consistently communicated its concerns regarding both the inadequate value and uncertainty of AHT’s all-stock, fixed exchange ratio proposal. Those concerns were underscored by the decrease in the market value of AHT’s shares in the previous week once the full details of the proposal were made public. However, an all or substantially all cash proposal would provide much greater comfort and certainty and could alter their analysis of AHT’s proposal. If AHT were willing to consider making such a revised proposal, FelCor would stand  ready to re-engage with AHT as soon as is practicable.

April 24, 2017: RLJ Lodging Trust (RLJ) and FelCor Lodging Trust Incorporated (FCH) today announced that they have entered into a definitive merger agreement (the “Merger Agreement”) under which FelCor will merge with and into a wholly-owned subsidiary of RLJ in an all-stock transaction. Post-merger, RLJ is expected to have a pro forma equity market capitalization of approximately $4.2 billion and a total enterprise value of $7 billion, creating the largest pure-play public REIT dedicated to owning focused-service and compact full-service hotels.

May 03, 2017: Ashford Hospitality Trust (AHT) today 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. Ashford Trust also announced that it is withdrawing its preliminary proxy statement and proposed slate of seven independent directors for election to FelCor’s Board of Directors at FelCor’s 2017 Annual Meeting of Stockholders.

CXDC 02/17/2017 Unsolicited Bid Chairman and Chief Executive Officer, Mr. Jie Han $4.20 5.00% Inactive
China XD Plastics Company Ltd. Potential Deal Details:

China XD Plastics Company Limited (CXDC) announced that its Board of Directors has received a preliminary non-binding proposal letter, dated February 16, 2017, from its Chairman and Chief Executive Officer, Mr. Jie Han to acquire all of the outstanding shares of common stock of the Company not already beneficially owned by the Buyer Consortium in a “going-private” transaction for US$5.21 per share of common stock in cash. This price represents a premium of approximately 28.6% to the Company’s closing price on February 15, 2017, and a premium of approximately 29.3% to the average closing price during the last 30 trading days.

PERF 02/17/2017 Company Seeking Strategic Alternatives N/A $2.05 7.89% Inactive
Perfumania Holdings Potential Deal Details:

Perfumania Holdings (PERF), has hired advisers to explore strategic alternatives, including a debt restructuring, people familiar with the matter said.

BKD 02/16/2017 News Report Ventas, Inc. (VTR) $15.38 0.98% Not Successful
Brookdale Senior Living Inc. Potential Deal Details:
Date of Cancellation: 03/06/2017 Price at Cancellation: $13.16
Potential Loss: -14.43% Annualized Loss: -292.61%

Healthcare-facility owner Ventas (VTR) is in talks to acquire part or all of Brookdale Senior Living (BKD) after another big suitor cooled on its bid for the nation’s largest operator of senior-living centers.

Update(s)

March 6, 2017: Presenting at the Citi Global Property Conference, Ventas (VTR) said that it’s not currently in talks to purchase Brookdale Senior Living (BKD).

KATE 02/16/2017 Company Seeking Strategic Alternatives Coach, Inc. (COH) $22.56 14.69% Successful
Kate Spade & Company Potential Deal Details:
Date of Confirmation: 05/08/2017 Price at Confirmation: $18.38
Potential Profit: -18.53% Annualized Profit: -83.50%

Kate Spade & Company (KATE) is committed to maximizing value and is exploring strategic alternatives that are in the best interests of the Company and its shareholders.

Update(s)

February 24, 2017: According to Reuters, Michael Kors Holding (KORS) and Coach Inc (COH) are among the companies that have made it through to the second round of bidding for handbag and accessories maker Kate Spade & Co (KATE).

April 04, 2017: U.S. handbag and accessories maker Kate Spade & Co (KATE) will spend a few more weeks negotiating a potential sale of the company after receiving an offer last week from Coach Inc (COH), three people said on Monday on condition of anonymity.

May 08, 2017: Coach, Inc. (COH), a leading New York design house of modern luxury accessories and lifestyle brands, today announced it has signed a definitive agreement to acquire Kate Spade & Company (KATE)

May 29, 2017: Coach, Inc. (COH), a leading New York design house of modern luxury accessories and lifestyle brands, today announced that its wholly owned direct subsidiary, Chelsea Merger Sub Inc., has commenced a tender offer for all of the outstanding shares of common stock, par value $1.00 per share, of Kate Spade & Company (KATE), a Delaware corporation, at a price of $18.50 per share, net to the seller in cash, without interest thereon and less any applicable withholding taxes, upon the terms and conditions set forth in the tender offer to purchase dated today, a copy of which has been filed with the Securities and Exchange Commission.

UL 02/16/2017 Unsolicited Bid The Kraft Heinz Company (KHC) $48.17 13.98% Not Successful
Unilever PLC Potential Deal Details:
Date of Cancellation: 02/17/2017 Price at Cancellation: $48.17
Potential Loss: 0.00% Annualized Loss: N/A

Unilever (UL) notes the announcement by The Kraft Heinz Company (KHC) that it has made a potential offer for all of the shares of Unilever PLC and Unilever N.V. Their proposal represents a premium of 18% to Unilever’s share price as at the close of business on 16 February 2017.

The proposal received was that Unilever common shareholders would receive $50.00 per share in a mix of $30.23 per share in cash payable in U.S. dollars and 0.222 new enlarged entity shares per existing Unilever share, which valued Unilever at a total equity value of approximately $143 billion.

 

WBMD 02/16/2017 Company Seeking Strategic Alternatives Internet Brands $51.51 0.39% Successful
WebMD Health Corp. Potential Deal Details:
Date of Confirmation: 07/24/2017 Price at Confirmation: $66.10
Potential Profit: 28.32% Annualized Profit: 65.42%

WebMD Health (WBMD), the leading source of health information, announced that its Board of Directors, working together with its management team and legal and financial advisors, has commenced a process to explore and evaluate potential strategic alternatives focused on maximizing shareholder value. These alternatives could include, among other things, the sale of part or all of the company, a merger with another party or other strategic transaction or continuing to execute on WebMD’s business plan.

Update(s):

July 24, 2017: Private equity firm KKR & Co LLP (KKR) is nearing an all-cash deal to acquire WebMD Health Corp (WBMD), a U.S. online health publisher with a market capitalization of $2.1 billion, people familiar with the matter said on Sunday.

July 24, 2017: Kohlberg Kravis Roberts said that Internet Brands, a K.K.R. portfolio company (KKR), had agreed to buy WebMD Health Corporation (WBMD) for about $2.8 billion.

 

TSRO 02/08/2017 Company Seeking Strategic Alternatives N/A $182.68 12.11% Inactive
Tesaro, Inc. Potential Deal Details:

U.S. biopharmaceutical company Tesaro (TSRO) is discussing its options with investment banks after receiving acquisition interest from several drugmakers, according to people familiar with the matter.

Tesaro shares rose as much as 17 percent on the news and were up 11 percent at $180.50 in late morning trading in New York on Wednesday, giving the company a market capitalization of more than $9 billion. Tesaro went public in 2012 at $13.50 per share.

TIME 02/07/2017 Company Seeking Strategic Alternatives N/A $18.65 -0.53% Not Successful
Time Inc. Potential Deal Details:
Date of Cancellation: 04/28/2017 Price at Cancellation: $15.20
Potential Loss: -18.50% Annualized Loss: -84.41%

Meredith (MDP) and an investor group led by Edgar Bronfman Jr. have advanced in their pursuit of Time as the publisher explores a possible sale, according to people familiar with the situation. – Wall Street Journal

Update(s)

March 1, 2017: Time (TIME) asked potential suitors to submit acquisition offers by next week, according to people familiar with the matter. Time’s board of directors wants details on how possible buyers value the company so it can determine whether to pursue a sale of the entire business or individual magazine titles. The company may also choose not to proceed with a sale at all. Five companies have expressed interest in acquiring all of Time. Two of the potential buyers are Meredith Corp. and an investor group led by Edgar Bronfman Jr.

March 7, 2017: Time (TIME) board of directors is discussing acquisition offers from potential suitors Tuesday as the magazine publisher weighs the future of its iconic brands, according to a person familiar with the matter

March 8, 2017: The investor group led by Edgar Bronfman Jr. has walked away from its bid for venerable publisher Time (TIME), according to media reports.

March 9, 2017: A group that includes Jahm Najafi, chief executive of private investment firm Najafi, and private-equity firm Pamplona Capital Management has emerged as a bidder for Time (TIME), according to people familiar with the matter.

March 17, 2017: The rumbling is that Meredith is the front-runner in the battle to take over Time (TIME) and its stable of magazines including Time, People, Sports Illustrated and InStyle. – NYPost

March 24, 2017: Time (TIME) is moving closer to a sale that could value the magazine publisher at more than $20 a share, according to people familiar with the process.

April 12, 2017: U.S. media group Meredith Corp (MDP) has made a preliminary acquisition offer to Time Inc (TIME) that fell short of the price expectations of the publisher of Sports Illustrated and Fortune magazines, according to people familiar with the matter.

April 24, 2017: Verizon (VZ) is rumored to be the public company that is hanging around the hoop on the Time Inc. sales process

April 28, 2017: The Board of Directors of Time (TIME), consistent with its duties, evaluated a number of expressions of interest with the assistance of external advisors. Following that review, the Board has determined that the Company will continue to pursue its strategic plan.

M 02/03/2017 News Report Hudson’s Bay Company (HBC.TO) $32.69 6.41% Inactive
Macy's Potential Deal Details:

Hudson’s Bay Company (HBC.TO), the Canadian owner of Saks, has approached Macy’s (M) about a potential takeover, people briefed on the matter who were not authorized to speak publicly said on Friday.

Update(s)

March 3, 2017: Canada’s Hudson’s Bay (HBC.TO), owner of the Lord & Taylor and Saks Fifth Avenue retail chains, has yet to line up equity financing for a bid for Macy’s (M), over a month after approaching its U.S. peer, people familiar with the matter said. – Reuters

March 3, 2017: Hopes for a deal to sell Macy’s (M) are fading as the department store giant refuses to take a discount, sources told The Post. Hudson’s Bay, the owner of Saks Fifth Avenue and Lord & Taylor, is the only bidder that has stepped forward so far, and is put off by the “high price”. – New York Post.

CERU 02/01/2017 Company Seeking Strategic Alternatives N/A $0.84 3.70% Not Successful
Cerulean Pharma Inc. Potential Deal Details:
Date of Cancellation: 07/19/2017 Price at Cancellation: $0.66
Potential Loss: -21.43% Annualized Loss: -46.56%

Cerulean Pharma (CERU), a clinical-stage company developing nanoparticle-drug conjugates (NDCs), today announced that its Board of Directors is conducting a comprehensive review of strategic alternatives focused on maximizing stockholder value. Cerulean has engaged investment bank, Aquilo Partners, L.P., as its financial advisor to assist in the strategic review process.

The intention of the strategic review is to evaluate potential alternatives such as the sale of the company, a merger, a business combination, a strategic investment into the company, or a sale, license or disposition of assets of the company. This process may not result in any transaction.

Update(s):

July 19, 2017: Cerulean Pharma Inc.  (CERU) and Daré Bioscience Operations, Inc. (formerly Daré Bioscience, Inc.) today announced the closing of the transactions contemplated by the stock purchase agreement entered into by the companies on March 19, 2017

DHT 01/30/2017 Unsolicited Bid Frontline Ltd. (FRO) $4.61 7.96% Not Successful
DHT Holdings, Inc. Potential Deal Details:
Date of Cancellation: 06/26/2017 Price at Cancellation: $3.99
Potential Loss: -13.45% Annualized Loss: -33.40%

Frontline (FRO) has approached DHT Holdings (DHT) with a non-binding proposal for a possible business combination where Frontline would acquire all outstanding shares of common stock of DHT in a stock-for-stock transaction at a ratio of 0.725 Frontline shares for each DHT share.

Update(s):

April 20, 2017: A U.S. court has rejected a last-minute effort by billionaire investor John Fredriksen’s Frontline to prevent BW Group from acquiring a major stake in rival oil tanker firm DHT Holdings, DHT said on Thursday.

April 26, 2017: Frontline (FRO) has approached the Board of Directors of DHT Holdings (DHT) to consider a proposed new business combination, which includes the ships already delivered and yet to be delivered by BW Group to DHT under the Vessel Acquisition Agreement entered into by DHT and BW on March 23, 2017. The offer would be effected at an exchange ratio of 0.8 Frontline shares for each DHT common share.

June 26, 2017: Oslo-listed oil tanker firm Frontline  (FRO)  is no longer pursuing an acquisition of DHT Holdings (DHT) and is not working on any other acquisitions either, Frontline’s CEO told Reuters on Monday.

 

Note: You can sort this table by Date Announced and Status.

Desktop Version
  Symbol Date Price
after
Announcement
Status
BG 10/13/2017 $72.49 Active
Bunge Limited Potential Deal Details:

Glencore PLC has a standstill agreement that temporarily prevents it from making a hostile bid for Bunge Ltd., (BG) according to people familiar with the matter, raising the possibility Glencore will renew its effort to acquire the grain trader.

OMF 10/09/2017 $31.82 Active
OneMain Holdings, Inc. Potential Deal Details:

The subprime lender OneMain Holdings Inc (OMF) has put itself up for sale and is running an auction to solicit takeover bids, according to a person familiar with the matter.

HLX 10/09/2017 $7.31 Active
Helix Energy Solutions Group, Inc. Potential Deal Details:

Helix Energy Solutions Group Inc (HLX) is exploring strategic alternatives, including a potential sale, the Wall Street Journal reported on Monday, citing people familiar with the matter.

PNK 10/05/2017 $23.70 Active
Pinnacle Entertainment, Inc. Potential Deal Details:

Penn National Gaming Inc. (PENN) has been in merger discussions with rival casino operator Pinnacle Entertainment Inc., (PNK) according to people familiar with the matter.

SEAS 10/04/2017 $14.11 Failed
SeaWorld Entertainment, Inc. Potential Deal Details:

U.K. theme-park operator Merlin Entertainments Plc has approached SeaWorld Entertainment Inc. (SEAS) about a potential deal, according to people familiar with the matter.

Update(s):

October 11, 2017: Merlin Entertainments Plc isn’t talking to SeaWorld Entertainment Inc. (SEAS)  about an acquisition of the U.S. company or a deal for any of its parts, the U.K. owner of Legoland theme parks said.

FMSA 10/03/2017 $4.94 Active
Fairmount Santrol Holdings Inc. Potential Deal Details:

Belgian mining firm SCR-Sibelco NV is considering an acquisition of Fairmount Santrol Holdings Inc. (FMSA) after the U.S. frack sand miner lost more than half its market value this year, according to people familiar with the matter.

AAAP 09/27/2017 $65.10 Active
Advanced Accelerator Applications S.A. Potential Deal Details:

Novartis AG (NVS) is considering a deal for radiopharmaceutical company Advanced Accelerator Applications SA (AAAP) as the giant Swiss drugmaker seeks acquisitions to boost growth, according to people familiar with the matter.

S 09/19/2017 $8.20 Active
Sprint Corporation Potential Deal Details:

Sprint Corp. (S) has started preliminary conversations to merge with T-Mobile US Inc. (TMUS), the latest attempt to consolidate in a market watched closely by U.S. regulators, according to people familiar with the matter.

Update(s):

June 06, 2017: In early-stage discussions between the two wireless carriers, an all-stock deal that would avoid the need for financing has emerged as a potential option, according to people familiar with the matter.

June 26, 2017: Sprint Chairman Masayoshi Son and the cable firms have entered into a two-month, exclusive agreement for discussions through late July, putting merger talks with T-Mobile US Inc. on hold.

August 07, 2017: Sprint Corp.’s (Sresumed talks about a potential merger with T-Mobile US Inc.,  (TMUS) being held at the same time as discussions with cable companies, shows the lengths billionaire Masayoshi Son is taking to build scale for a wireless carrier facing increasing competition in the U.S.

September 19, 2017:  U.S. wireless carrier T-Mobile US Inc (TMUS) is exploring taking over rival Sprint Corp (S)  in an all-stock deal, after SoftBank Group Corp offered to give up its majority ownership of Sprint, a person familiar with the matter said.

September 22, 2017: T-Mobile US Inc (TMUS)  is close to agreeing tentative terms on a deal to merge with peer Sprint Corp (S) , people familiar with the matter said on Friday, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers.

September 23, 2017: SoftBank Group Corp., the majority owner of Sprint Corp.,(S) is willing to accept a stock-for-stock merger with T-Mobile US (TMUS) that values Sprint at or near its current market price, according to people familiar with the matter.

October 06, 2017: Sprint Corp. (S) and T-Mobile US Inc. (TMUS) are putting the finishing touches on a merger that’s likely to be announced when the wireless carriers report quarterly earnings at the end of October, according to people familiar with the matter.

October 16, 2017: T-Mobile U.S. Inc  (TMUS) and Sprint Corp (S) plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter.

October 20, 2017: Sprint Corp. (S) and T-Mobile US Inc. (TMUS)  may delay an announcement of their planned all-stock merger until several weeks after they release their quarterly earnings, people familiar with the matter said.

OA 09/17/2017 $132.25 Successful
Orbital ATK, Inc. Potential Deal Details:
Date of Confirmation: 09/18/2017 Price at Confirmation: $110.04
Potential Profit: -16.79% Annualized Profit: -6128.35%

Northrop Grumman Corp. (NOC) is nearing a deal to buy Orbital ATK Inc. (OA) in a transaction that could be worth upward of $7.5 billion, as acquisition activity in the aerospace industry ramps up.

Update(s):

September 18, 2017: Northrop Grumman Corporation (NOC), a leading global security company, and Orbital ATK, Inc. (OA), a global leader in aerospace and defense technologies, today announced they have entered into a definitive agreement under which Northrop Grumman (NOC) will acquire Orbital ATK (OA) for approximately $7.8 billion in cash, plus the assumption of $1.4 billion in net debt. Orbital ATK (OA) shareholders will receive all-cash consideration of $134.50 per share.

CSOD 09/14/2017 $40.03 Active
Cornerstone OnDemand, Inc. Potential Deal Details:

Enterprise software company Cornerstone OnDemand Inc (CSOD) is working with financial advisers to explore the possibility of a sale and also defend against the activist investors in its stock, according to a source familiar with the matter.

THC 09/13/2017 $16.24 Active
Tenet Healthcare Corp. Potential Deal Details:

Tenet Healthcare Corp., (THC) facing shareholder-activist pressure, is exploring strategic options including a possible sale of the hospital company, according to people familiar with the matter.

GIMO 09/12/2017 $44.70 Failed
Gigamon Inc. Potential Deal Details:

Elliott Management Corp’s private equity arm has submitted a bid to acquire U.S. networking software maker Gigamon Inc (GIMO), according to people familiar with the matter.

Update(s):

October 06, 2017: Hedge fund Elliott Management Corp’s attempt to acquire U.S. networking software maker Gigamon Inc (GIMO) has ground to a halt over price disagreements, people familiar with the matter said on Thursday.

FCE-A 09/11/2017 $26.20 Active
Forest City Realty Trust, Inc Potential Deal Details:

Forest City Realty Trust Inc., (FCE-A)  a property company that’s faced pressure from an activist investor, said it’s considering alternatives to increase shareholder value, including a potential merger or acquisition.

BMS 09/08/2017 $49.22 Active
Bemis Company, Inc. Potential Deal Details:

Packaging company Amcor Ltd. is considering a takeover of rival Bemis Co., (BMS) according to people familiar with the matter.

SDRL 09/01/2017 $0.28 Active
SeaDrill Limited Potential Deal Details:

State-owned conglomerate China Merchants Group is exploring acquisitions of offshore rig operators, which have struggled to recover from a collapse in oil-industry spending, people with knowledge of the matter said. As part of this analysis, the Chinese firm has looked at various assets and companies including Seadrill Ltd. (SDRL) and Shelf Drilling Ltd., the people said, asking not to be identified as the information is private.

CSTM 08/31/2017 $11.55 Active
Constellium N.V Potential Deal Details:

Indian billionaire Kumar Mangalam Birla is evaluating possible bids for Constellium NV (CSTM) and Aleris Corp. as his conglomerate seeks to grow its aluminum operations overseas, people with knowledge of the matter said.

Update(s):

August 04, 2017: Constellium NV (CSTM), the Dutch maker of aluminum products, is weighing options after drawing takeover interest, according to people familiar with the matter.

BSFT 08/30/2017 $48.00 Successful
BroadSoft, Inc. Potential Deal Details:
Date of Confirmation: 10/23/2017 Price at Confirmation: N/A
Potential Profit: N/A Annualized Profit: N/A

BroadSoft Inc, (BSFT) a U.S. provider of software that helps companies offer cloud-based communications services, is exploring its options, including the potential sale of the company, according to people familiar with the matter.

Update(s):

October 23, 2017: Cisco Systems Inc. (CSCO) is close to a deal to acquire software maker BroadSoft Inc., (BSFT) according to people with knowledge of the situation.

October 23, 2017: Cisco  (CSCO) and BroadSoft (BSFTtoday announced a definitive agreement for Cisco to acquire publicly-held BroadSoft, Inc., headquartered in Gaithersburg, MD. Pursuant to the agreement, Cisco will pay $55 per share, in cash, in exchange for each share of BroadSoft, or an aggregate purchase price of approximately $1.9 billion net of cash, assuming fully diluted shares including conversion of debt.

YUME 08/23/2017 $5.15 Successful
YuMe, Inc. Potential Deal Details:
Date of Confirmation: 09/05/2017 Price at Confirmation: $5.16
Potential Profit: 0.19% Annualized Profit: 5.33%

YuMe (YUME) confirms that it is in discussions regarding a potential transaction with RhythmOne  (RTHM.L). As previously announced, YuMe (YUME) has been engaged in a strategic process in which YuMe (YUME) continues to consider several value enhancing initiatives, including remaining as a stand-alone company.

September 05, 2017: RhythmOne plc (RTHM.L) today announced that it has entered into a definitive agreement with YuMe, Inc.  (YUME)  to acquire all its issued and to be issued share capital for a total consideration of approximately US $185M based on current exchange rates. The transaction is expected to close by Q1 2018.

 

 

VVC 08/22/2017 $66.16 Active
Vectren Corporation Potential Deal Details:

Vectren Corp.,  (VVC)  a Midwestern gas and electric utility with a market value of almost $5.5 billion, is considering options including a potential sale after receiving takeover interest, people familiar with the matter said.

MBVX 08/22/2017 $0.51 Active
MabVax Therapeutics Holdings, Inc. Potential Deal Details:

MabVax (MBVX) also announced that it is engaging a leading global independent investment bank to serve as a financial advisor to assist the Company in exploring and evaluating strategic options with the goal of maximizing shareholder value.

FCAU 08/21/2017 $13.44 Failed
Fiat Chrysler Automobiles N.V. Potential Deal Details:

China’s Great Wall Motor has asked for a meeting with Fiat Chrysler Automobiles (FCAU) with the aim of making an offer for all or part of the Italian-American auto group, according to two individuals familiar with the move.

Update(s):

September 02, 2017: Fiat Chrysler  (FCAU) has not received any offer for the company nor is the world’s seventh-largest carmaker working on any “big deal”, Chief Executive Sergio Marchionne said on Saturday.

RNG 08/09/2017 $38.80 Active
RingCentral, Inc. Potential Deal Details:

Cloud-based software maker RingCentral Inc. (RNG) is working with an adviser after receiving takeover interest, according to people familiar with the matter.

PBPB 08/04/2017 $11.15 Active
Potbelly Corporation Potential Deal Details:

Sandwich maker Potbelly Corp. (PBPB) is considering putting itself up for sale, making it the latest restaurant chain to run into trouble as Americans dine out less.

COL 08/04/2017 $119.00 Successful
Rockwell Collins, Inc. Potential Deal Details:
Date of Confirmation: 09/04/2017 Price at Confirmation: $130.61
Potential Profit: 9.76% Annualized Profit: 114.92%

Jet-engine manufacturer United Technologies Corp. (UTX) is weighing an acquisition of aviation-equipment supplier Rockwell Collins Inc., (COL) according to people familiar with the matter, in a deal that would potentially rank among the largest ever in the industry.

Update(s):

August 07, 2017: United Technologies Corp. (UTX) has made an approach to acquire Rockwell Collins Inc., (COL) but the two aerospace suppliers are still wrangling over the price of a takeover that would exceed $20 billion, said people familiar with the matter.

August 29, 2017: United Technologies Corp. (UTX) is nearing a deal to buy Rockwell Collins Inc. (COL) for more than $20 billion, a tie-up that would create one of the world’s biggest aircraft-equipment makers.

September 04, 2017: Industrial conglomerate United Technologies Corp. (UTX) reached a deal to buy airplane-parts maker Rockwell Collins Inc. (COL) for $23 billion, in the biggest aerospace deal in history.

CHTR 07/31/2017 $391.97 Active
Charter Communications, Inc. Potential Deal Details:

Charter Communications Inc’s (CHTR)  shares surged to a record high on Monday after a source said Japan’s SoftBank Group Corp (SFTBY) was considering an acquisition offer, even as Charter shot down the possibility of it being the acquirer in any merger with SoftBank’s U.S. wireless carrier, Sprint Corp.

SIGM 07/26/2017 $6.70 Active
Sigma Designs, Inc. Potential Deal Details:

Sigma Designs (SIGM), a leading provider of Smart TV platforms and IoT devices, today announced that its Board of Directors has engaged Deutsche Bank Securities Inc., as a financial advisor to assist in its exploration of strategic alternatives that may enhance stockholder value.

RLJ 07/20/2017 $20.17 Active
RLJ Lodging Trust Potential Deal Details:

Blackstone Group LP (BX) recently made a roughly $3 billion bid to acquire RLJ Lodging Trust (RLJ), a move that if successful would end RLJ’s agreement to acquire rival hotel investor FelCor Lodging Trust Inc.

SNI 07/18/2017 $67.02 Successful
Scripps Networks Interactive, Inc. Potential Deal Details:
Date of Confirmation: 07/31/2017 Price at Confirmation: $87.41
Potential Profit: 30.42% Annualized Profit: 854.10%

Discovery Communications Inc. (DISCA) is in talks to combine with Scripps Networks Interactive Inc., (SNI) people familiar with the situation said, a deal that would unite two media companies trying to chart a course in a cable-TV industry being upended by digital consumption.

Update(s):

July 26, 2017: Viacom Inc (VIA) has informed Scripps Networks Interactive (SNI) it is willing to pay all cash to acquire the U.S. TV network operator, sources familiar with the matter said on Tuesday.

July 26, 2017: Viacom Inc.  (VIA) is out of the running to acquire Scripps Networks Interactive Inc., (SNI) leaving Discovery Communications Inc. (DISCA) as the only remaining suitor in talks to purchase the cable TV programmer, people familiar with the situation said.

July 31, 2017:  Discovery Communications, Inc. (DISCA) and Scripps Networks Interactive, Inc.  (SNI) today announced that they have signed a definitive agreement for Discovery to acquire Scripps in a cash-and-stock transaction valued at $14.6 billion, or $90 per share, based on Discovery’s Friday, July 21 closing price.

BGC 07/17/2017 $18.20 Active
General Cable Corporation Potential Deal Details:

Cable manufacturer General Cable Corp (BGC) announced on Sunday a review of strategic alternatives that could include a potential sale of the company.

Update(s):

October 06, 2017: U.S. cable manufacturer General Cable Corp (BGC) has received tentative bids from European rivals Prysmian , Nexans and NKT , two sources familiar with the matter told Reuters, as part of its efforts to find a new owner.

DDC 07/14/2017 $13.48 Successful
Dominion Diamond Corporation Potential Deal Details:
Date of Confirmation: 07/17/2017 Price at Confirmation: $14.07
Potential Profit: 4.38% Annualized Profit: 532.90%

Dominion Diamond Corp of Canada, (DDC) the world’s third-largest diamond producer by market value, is in advanced and friendly talks with the Washington Companies on a sweetened cash takeover bid, sources told Reuters this week.

Update(s):

July 17, 2017: Dominion Diamond Corporation (DDC) and The Washington Companies (“Washington”), a group of privately held North American mining, industrial and transportation businesses founded by industrialist and entrepreneur Dennis R. Washington, today announced that they have entered into an arrangement agreement under which an entity affiliated with Washington will acquire all of Dominion’s outstanding common shares for US$14.25 per share in cash or a total equity value of approximately US$1.2 billion pursuant to a plan of arrangement (the “Arrangement”) under the Canada Business Corporations Act.

 

RCII 07/10/2017 $11.10 Failed
Rent-A-Center, Inc. Potential Deal Details:

Vintage Capital has offered to buy Rent-A-Center Inc (RCII) for around $800 million, according to a letter seen by Reuters, in a move that would add another rent-to-own company to the private equity firm’s portfolio.

Update(s):

July 11, 2017: Rent-A-Center Inc. (RCII)  said Tuesday it has rejected an unsolicited takeover offer of $15 a share from activist investor Vintage Capital Management LLC, calling it an “inadequate and opportunistic proposal.”

NEOT 07/10/2017 $0.53 Active
Neothetics, Inc. Potential Deal Details:

Neothetics, Inc. (NEOT) announced today that its Board of Directors has unanimously approved plans to initiate a process to explore and review a range of strategic alternatives focusing on seeking an acquisition, business combination or partnership that will allow for it to maximize shareholder value from its remaining assets and cash resources.

Update(s):

October 17, 2017: Neothetics, Inc. (NEOT) and Evofem Biosciences, Inc. today announced they have entered into a definitive agreement under which privately-held Evofem Biosciences will merge with a wholly-owned subsidiary of Neothetics in an all-stock transaction.

RMBS 07/07/2017 $12.45 Active
Rambus Inc. Potential Deal Details:

Rambus Inc., (RMBS) a chip designer with a lengthy history of patent litigation, is considering a sale even as it has expanded its business to include sales of its own branded chips, people familiar with the matter said.

ABCO 07/06/2017 $56.63 Active
The Advisory Board Company Potential Deal Details:

UnitedHealth Group Inc. (UNH) and Vista Equity Partners are nearing a deal to acquire and split up the health and education consultant Advisory Board Co., (ABCO) according to people familiar with the matter.

MORE 07/03/2017 $9.80 Successful
Monogram Residential Trust, Inc. Potential Deal Details:
Date of Confirmation: 07/04/2017 Price at Confirmation: $11.89
Potential Profit: 21.33% Annualized Profit: 7785.45%

An investment group led by Greystar Real Estate Partners LLC is nearing a deal to buy Monogram Residential Trust Inc., (MORE) according to people familiar with the matter, a move that would boost Greystar’s presence in the high-end apartment market.

Update(s):

July 04, 2017: Monogram Residential Trust, Inc. (MORE), an owner, operator and developer of luxury apartment communities with a significant presence in select coastal markets, today announced that it has entered into a definitive merger agreement to be acquired by a newly formed perpetual life fund, Greystar Growth and Income Fund, LP, led by Greystar Real Estate Partners and its initial founding capital partners, affiliates of APG Asset Management N.V., GIC, and Ivanhoé Cambridge, in a transaction valued at approximately $3.0 billion, including debt to be assumed or refinanced.

 

SPA 06/26/2017 $22.76 Active
Sparton Corporation Potential Deal Details:

Sparton Corporation (SPA) today confirmed, in response to press reports and an announcement by Ultra Electronics Holdings plc, that it is in discussions with Ultra regarding the acquisition of Sparton by Ultra. These discussions are an outgrowth of Sparton’s previously announced sale process.

Update(s):

July 07, 2017: Sparton Corporation (SPA) announced today that it had entered into a merger agreement with Ultra Electronics Holdings plc, pursuant to which Ultra will acquire Sparton for $23.50 per share in cash.

ADHD 06/23/2017 $1.12 Successful
Alcobra Ltd. Potential Deal Details:
Date of Confirmation: 09/27/2017 Price at Confirmation: $1.11
Potential Profit: -0.89% Annualized Profit: -3.38%

Alcobra Ltd. (ADHD), an emerging pharmaceutical company focused on the development of new medications to treat significant unmet clinical needs, today announced that its Board of Directors is conducting a process to explore and review a range of strategic alternatives focused on maximizing stockholder value from its development assets and cash resources.

Update(s):

September 27, 2017: Alcobra Ltd. (ADHD) and Arcturus Therapeutics, Inc., a privately held biotechnology company developing novel RNA medicines, today announced the signing of a definitive agreement to merge the two companies in an all-stock transaction

CXRX 06/21/2017 $1.38 Active
Concordia International Corp. Potential Deal Details:

Concordia International Corp. (CXRX) nearing completion of long-term growth strategy, will explore strategic alternatives.

CA 06/20/2017 $35.80 Active
CA, Inc. Potential Deal Details:

Privately owned BMC Software has contacted banks about putting together a financing package for an acquisition offer for enterprise software maker CA Inc (CA), according to a source familiar with the matter.

Update(s):

July 28, 2017: 

BMC Software Inc.’s talks to combine with CA Inc. (CA) and take the software company private have ended. BMC, which is owned by private-equity firms Bain Capitaland Golden Gate Capital, is no longer exploring a deal with CA (CA) and the talks aren’t likely to heat up again soon, according to people familiar with the matter.

 

KEG 06/19/2017 $18.04 Active
Key Energy Services, Inc. Potential Deal Details:

Basic Energy Services, Inc. (BAS) is said to be discussing a buyout of Key Energy Services, Inc. (KEG) in an all-stock deal that could be announced within several weeks

BKD 06/13/2017 $15.24 Active
Brookdale Senior Living Inc. Potential Deal Details:

Zhonghong Zhuoye Group Co Ltd, the Chinese real estate and leisure group which last month bought a stake in SeaWorld Entertainment Inc, is in talks to acquire Brookdale Senior Living Inc (BKD), people familiar with the matter said.

TVTY 06/08/2017 $38.15 Active
Tivity Health, Inc. Potential Deal Details:

Tivity Health Inc (TVTY), a U.S. provider of fitness and health improvement programs, is considering a potential sale after receiving takeover interest from private equity firms, people familiar with the matter said on Thursday.

JWN 06/08/2017 $47.16 Active
Nordstrom, Inc. Potential Deal Details:

Nordstrom, Inc. (JWN) seeking alternative strategies.

JASO 06/06/2017 $6.44 Active
JA Solar Holdings Co., Ltd. Potential Deal Details:

JA Solar Holdings Co., Ltd. (JASO) received a non-bidding proposal from Mr. Baofang Jin, chairman and chief executive officer of the Company, and Jinglong Group Co., Ltd.

ORPN 06/05/2017 $0.47 Active
Bioblast Pharma Ltd. Potential Deal Details:

Bioblast Pharma Ltd. (ORPN), a clinical-stage, orphan disease-focused biotechnology company, today announced that it has engaged JSB-Partners, a global life sciences advisor, to assist the Company in executing its business development objectives.

PF 05/31/2017 $62.31 Failed
Pinnacle Foods Inc. Potential Deal Details:

Reddi-wip whipped cream owner Conagra Brands Inc (CAG) has approached Pinnacle Foods Inc (PF), the maker of packaged foods such as Vlasic pickles, to express interest in an acquisition, people familiar with the matter said on Wednesday.

Update(s):

June 05, 2017: Reddi-wip whipped cream owner Conagra Brands Inc (CAG) has concluded talks to acquire Pinnacle Foods Inc (PF), the maker of packaged foods such as Vlasic pickles, after failing to agree on a price, a person familiar with the matter said on Friday.

GNRT 05/31/2017 $5.47 Failed
Gener8 Maritime, Inc. Potential Deal Details:

Frontline Ltd., (FRO) the tanker major owned by Norwegian billionaire John Fredriksen, is in talks to buy or merge with U.S.-listed Gener8 Maritime Inc., (GNRT) people with knowledge of the matter said.

June 26, 2017: Oslo-listed oil tanker firm Frontline  (FRO)  is no longer pursuing an acquisition of DHT Holdings (DHT) and is not working on any other acquisitions either, Frontline’s CEO told Reuters on Monday.

WEB 05/25/2017 $21.20 Active
Web.com Group, Inc. Potential Deal Details:

Web.com Group Inc, (WEB)  a U.S. provider of internet domain name registration that also helps businesses build websites, is in talks with private equity firms after receiving takeover approaches, people familiar with the matter said on Thursday.

TSRI 05/19/2017 $6.00 Failed
TSR, Inc. Potential Deal Details:

TSR Inc. (TSRI) received an offer from 7.2% shareholder Zeff Capital to acquire all remaining TSRI shares for $6.15 each.

June 01, 2017: TSR, Inc., (TSRI), announced today that the Company will not pursue the previously disclosed proposal made by Zeff Capital, L.P.  to acquire all of the outstanding shares of TSR Common Stock not already owned by Zeff Capital or its affiliates for $6.15 per share, in cash.

DYN 05/18/2017 $14.80 Active
Dynegy Inc. Potential Deal Details:

Vistra Energy Corp. (VST) has made a takeover approach to debt-laden rival Dynegy Inc., (DYN) according to people familiar with the matter, a tie-up that would create one of the country’s largest independent power producers.

CL 05/16/2017 $71.58 Active
Colgate-Palmolive Company Potential Deal Details:

Colgate-Palmolive (CL) CEO signaled he would be open to selling co for $100/share at meeting with institutional investors in recent weeks

PTHN 05/15/2017 $34.60 Successful
PATHEON N.V. Potential Deal Details:
Date of Confirmation: 05/15/2017 Price at Confirmation: $34.60
Potential Profit: 0.00% Annualized Profit: N/A

Thermo Fisher Scientific Inc., (TMO) which became one of the world’s biggest manufacturers of diagnostic and testing equipment through acquisitions, has its sights on another deal. The U.S. company is in talks to buy Patheon NV (PTHN), a maker of drug ingredients that began trading less than a year ago, according to people with knowledge of the matter.

May  15, 2017: Thermo Fisher Scientific Inc. (TMO), the world leader in serving science, and Patheon N.V. (PTHN), a leading global provider of high-quality drug development and delivery solutions to the pharmaceutical and biopharma sectors, today announced that their boards of directors have approved Thermo Fisher’s acquisition of Patheon. Thermo Fisher will commence a tender offer to acquire all of the issued and outstanding shares of Patheon for $35.00 per share in cash. The transaction represents a purchase price of approximately $7.2 billion, which includes the assumption of approximately $2.0 billion of net debt.

CAAS 05/15/2017 $5.10 Active
China Automotive Systems, Inc. Potential Deal Details:

China Automotive Systems, Inc. (CAAS), a leading power steering components and systems supplier in China, today announced that its Board of Directors (the “Board”) has received a preliminary non-binding proposal letter, dated May 14, 2017, from its Chairman, Mr. Hanlin Chen, to acquire all of the outstanding shares of common stock of the Company not already beneficially owned by Mr. Chen for US$5.45 per share of common stock in cash.

CPN 05/10/2017 $11.89 Successful
Calpine Corporation Potential Deal Details:
Date of Confirmation: 08/18/2017 Price at Confirmation: $14.92
Potential Profit: 25.48% Annualized Profit: 93.00%

Calpine Corp., (CPN) a big U.S. power generator that has been hit by sluggish demand and weak pricing, is exploring a sale.

Update(s):

July 27, 2017: Energy Capital Partners, the private equity firm that owns the largest stake in U.S. power generator Dynegy Inc., (DYN) is now in advanced talks to buy its rival Calpine Corp., according to people familiar with the matter.

August 17, 2017: Private-equity firm Energy Capital Partners is nearing a deal to buy power-generation company Calpine Corp., (CPN) according to people familiar with the matter.

August 18, 2017: Calpine Corporation (CPN), America’s largest generator of electricity from natural gas and geothermal resources, today announced that it has entered into a definitive agreement under which Energy Capital Partners  along with a consortium of investors led by Access Industries and Canada Pension Plan Investment Board will acquire Calpine for $15.25 per share in cash, or $5.6 billion.

ANF 05/09/2017 $12.67 Failed
Abercrombie & Fitch Co. Potential Deal Details:

U.S. teen apparel retailer company Abercrombie & Fitch Co (ANF) is working with an investment bank to field takeover interest from other retailers, people familiar with the situation said on Tuesday.

Update(s):

July 10, 2017: Abercrombie & Fitch Co.’s  (ANF)  efforts to sell itself have stalled, according to people familiar with the matter.

EGT 05/08/2017 $2.27 Active
Entertainment Gaming Asia Inc. Potential Deal Details:

The Board of Directors of Entertainment Gaming Asia Inc. (EGT) today confirmed that Melco International Development Limited (MDEVF), through its wholly-owned subsidiary EGT Nevada Holding Inc., has commenced an unsolicited cash tender offer  to acquire all outstanding shares of common stock, $0.001 par value, of the Company , other than shares of Company Common Stock owned by Melco or its affiliates, at a price of $2.35 net per share.

Update(s):

May 19, 2017: Entertainment Gaming Asia Inc. (EGT) today announced that its Board of Directors has determined that it expresses no opinion and remains neutral toward the unsolicited cash tender offer by Melco International Development Limited (MDEVF)

 

VWR 05/03/2017 $33.62 Successful
VWR CORP Potential Deal Details:
Date of Confirmation: 05/05/2017 Price at Confirmation: $33.28
Potential Profit: -1.01% Annualized Profit: -184.33%

Private-equity firm New Mountain Capital LLC is in advanced talks to buy laboratory-supply distributor VWR Corp., (VWR) a transaction that could potentially be worth close to $5 billion.

May 08, 2017: VWR Corporation (VWR) agreed to be acquired by Avantor, owned by P-E firm New Mountain Capital for $6.4 billion or $33.25 per share in cash.

WSTC 04/28/2017 $26.69 Successful
West Corporation Potential Deal Details:
Date of Confirmation: 05/09/2017 Price at Confirmation: $24.11
Potential Profit: -9.67% Annualized Profit: -320.87%

Private equity firm Apollo Global Management LLC (APO) is in advanced negotiations to acquire U.S. telephone conferencing services provider West Corp (WSTC), people familiar with the matter said on Thursday.

Update(s):

May 01, 2017: Buyout firm Apollo Global Management LLC (APO) is seeking to convince U.S. telephone conferencing services provider West Corp (WSTC) to lower its price expectations and accept a $2 billion acquisition offer, according to people familiar with the matter.

May 10, 2017: West Corporation (WSTC), a global provider of communication and network infrastructure services, today announced it has entered into a definitive agreement with affiliates of certain funds managed by affiliates of Apollo Global Management, LLC (APO), a leading global alternative investment manager, pursuant to which the Apollo funds will acquire all of the outstanding shares of West common stock for $23.50 per share in cash.

WFM 04/27/2017 $36.22 Successful
Whole Foods Market, Inc. Potential Deal Details:
Date of Confirmation: 06/16/2017 Price at Confirmation: $42.68
Potential Profit: 17.84% Annualized Profit: 130.23%

Albertsons Cos Inc is exploring a takeover of high-end grocer Whole Foods Market Inc (WFM), the Financial Times reported on Monday, citing people familiar with the matter.

April 27, 2017: Another big investor is calling on Whole Foods Market Inc. to explore a sale. Mutual-fund manager Neuberger Berman, which owns a 2.7% stake in the organic grocery chain, sent a letter to the company’s board this week urging it to “immediately engage advisors” to review options including a sale or joint venture.

June 16, 2017: Amazon.com Inc. (AMZN) said on Friday it would buy Whole Foods Market Inc. (WFM) for $13.7 billion, including debt, instantly transforming the online giant into a major player in the bricks-and-mortar retail sector it has spent years upending.

June 16, 2017: Amazon (AMZN) and Whole Foods Market, Inc.  (WFM) today announced that they have entered into a definitive merger agreement under which Amazon will acquire Whole Foods Market for $42 per share in an all-cash transaction valued at approximately $13.7 billion, including Whole Foods Market’s net debt. 

ROX 04/26/2017 $1.62 Active
Castle Brands Inc. Potential Deal Details:

Castle Brands Inc., (ROX) a producer of whiskey, vodka and other spirits, is exploring a sale and may draw interest from potential buyers including Corona-maker Constellation Brands Inc. and Sazerac Co., according to people familiar with the matter.

TRCO 04/20/2017 $38.10 Successful
Tribune Media Company Potential Deal Details:
Date of Confirmation: 05/08/2017 Price at Confirmation: $42.40
Potential Profit: 11.29% Annualized Profit: 228.94%

Sinclair Broadcast Group Inc. (SBGI) is aiming to acquire Tribune Media Co., (TRCO) owner of TV stations in big media markets including New York, Chicago and Miami, for a per-share price in the high $30s, according to people familiar with the matter.

Update(s):

May 01, 2017: 21st Century Fox Inc., the media conglomerate controlled by Rupert Murdoch, is teaming with Blackstone Group LP to make an offer to acquire TV-station owner Tribune Media Co., rivaling a planned bid by Sinclair Broadcast Group Inc., people familiar with the situation said.

May 08, 2017: TV station giant Sinclair Broadcast Group Inc. (SBGI) is close to a deal to acquire Tribune Media Co. (TRCO) for close to $4 billion, a person familiar with the matter said.

May 08, 2017: Sinclair Broadcast Group, Inc.(SBGI) and Tribune Media Company (TRCO) today announced that they have entered into a definitive agreement under which Sinclair will acquire 100% of the issued and outstanding shares of Tribune for $43.50 per share, for an aggregate purchase price of approximately $3.9 billion, plus the assumption of approximately $2.7 billion in net debt.

KND 04/20/2017 $8.95 Active
Kindred Healthcare, Inc. Potential Deal Details:

Kindred Healthcare Inc (KND) is exploring a sale, according to people familiar with the matter, as the largest home health, hospice and community care provider in the United States faces pressure to reduce its exposure to Medicare patients.

FSAM 04/19/2017 $4.85 Active
Fifth Street Asset Management Inc. Potential Deal Details:

Specialty lender Fifth Street Asset Management Inc. (FSAM) is exploring a sale amid a deterioration in its loan portfolio and management turnover.The Greenwich, Conn., company is working with Morgan Stanley to sound out potential buyers, according to people familiar with the matter.

Update(s):

June 29, 2017: The Wall Street Journal is out with a report Thursday afternoon that Oaktree Capital (OAK), managed by the esteemed debt investor Howard Marks, is preparing to buy Fifth Street Asset Management (FSAM).

June 30, 2017: Fifth Street Asset Management (FSAM) this morning confirmed it’s in discussions regarding a potential sale, which would include management of Fifth Street Finance (FSC) and Fifth Street Floating Rate (FSFR).

NSAT 04/17/2017 $10.85 Inactive
Norsat International Inc. Potential Deal Details:

Norsat International Inc. (NSAT), a provider of unique and customized communication solutions for remote and challenging applications, today announced that further to its news releases of September 19, 2016, March 17, 2017 and March 27, 2017, it has recently received an unsolicited, conditional, non-binding proposal from Privet Fund Management LLC to acquire the Company for cash consideration of US$11.00 per share.  The non-binding proposal is subject to conditions including due diligence and financing.  Consistent with its fiduciary responsibilities, Norsat’s Board of Directors has constituted a special committee of the Board to, in consultation with its legal and financial advisors, review and consider this proposal.

May 15, 2017: Norsat International Inc. (NSAT), a provider of unique and customized communication solutions for remote and challenging applications, today announced that further to its news releases of September 19, 2016, March 17, 2017, March 27, 2017 and April 17, 2017, it has received an updated unsolicited, proposal from Privet Fund Management LLC to acquire the Company for cash consideration of US$11.00 per share.

May 25, 2017:  Norsat International Inc. (NSAT), a provider of unique and customized communication solutions for remote and challenging applications, today announced that further to its news releases of September 19, 2016, March 17, 2017, March 27, 2017, April 17, 2017, May 15, 2017 and May 18, 2017, 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 received, reviewed and considered an offer from Hytera to amend the terms of the existing Arrangement Agreement.

May 31, 2017: Norsat International Inc. (NSAT), a provider of unique and customized communication solutions for remote and challenging applications, today announced that further to its news releases of September 19, 2016, March 17, 2017, March 27, 2017, April 17, 2017, May 15, 2017, May 18, 2017 and May 25, 2017, that it has entered into an amended arrangement agreement with Hytera Project Corp. , a subsidiary of Hytera Communications Co., Ltd., pursuant to which Hytera will acquire all the issued and outstanding shares of Norsat for $11.25 in United States dollars in cash per share, pursuant to a court-approved plan of arrangement.

June 12, 2017: Norsat International Inc. (NSAT), a provider of unique and customized communication solutions for remote and challenging applications, today announced it has received an updated unsolicited, proposal from Privet Fund Management LLC  to acquire the Company for cash consideration of $11.50 USD per share (the “Privet Subsequent Acquisition Proposal”).

June 14, 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$11.50 per share. The Independent Directors have determined that the Privet Subsequent Acquisition Proposal constitutes a “Superior Proposal” as defined in the Amended Arrangement Agreement. Norsat has delivered written notice to Hytera of the determination of the Independent Directors.

June 16, 2017:  Norsat International Inc. (NSAT) , a provider of unique and customized communication solutions for remote and challenging applications, today 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 received, reviewed and considered an offer from Hytera to amend the terms of the existing Amended Arrangement Agreement.

AKRX 04/07/2017 $29.77 Successful
Akorn, Inc. Potential Deal Details:
Date of Confirmation: 04/25/2017 Price at Confirmation: $33.09
Potential Profit: 11.15% Annualized Profit: 226.10%

German healthcare group Fresenius SE & Co KGaA (FREG.DE) said on Friday that it was in talks with the generic drugmaker Akorn Inc (AKRX) for a potential takeover.

April 25, 2017: German healthcare group Fresenius SE & Co KGaA (FREG.DE) has stepped up its dealmaking, agreeing to buy U.S. generic drugmaker Akorn Inc (AKRX) for $4.75 billion (4.37 billion euros) and the biosimilars arm of Germany’s Merck KGaA.

SPLS 04/04/2017 $9.51 Successful
Staples Inc. Potential Deal Details:
Date of Confirmation: 06/28/2017 Price at Confirmation: $9.93
Potential Profit: 4.42% Annualized Profit: 18.98%

Staples Inc. (SPLS) is exploring a sale to possible private-equity bidders, the retailer’s latest move to revive its turnaround effort after a failed merger with rival Office Depot Inc. and as competition stiffens with web retailers such as Amazon.com Inc.

Update(s):

May 02, 2017: Cerberus Capital Management LP and Sycamore Partners are the two private equity firms actively exploring an acquisition of Staples Inc (SPLS), the U.S. office supplies retailer, people familiar with the matter said on Tuesday.

June 22, 2017: Private equity firm Sycamore Partners is in advanced talks to acquire Staples Inc (SPLS) following an auction for the U.S. office supplies retailer, people familiar with the matter said on Wednesday, in a deal that could top $6 billion.

June 28, 2017: Staples and Sycamore Partners announced that they have entered into a merger agreement in which investment funds managed by Sycamore Partners will acquire the Company in a transaction that values Staples at an equity value of approximately $6.9 billion.  Under the terms of the merger agreement, all Staples’ stockholders will receive $10.25 per share in cash for each share of common stock they own.

PNRA 04/03/2017 $282.63 Successful
Panera Bread Company Potential Deal Details:
Date of Confirmation: 04/05/2017 Price at Confirmation: $312.94
Potential Profit: 10.72% Annualized Profit: 1956.40%

Panera Bread Co. (PNRA) is exploring strategic options including a possible sale after receiving takeover interest, people with knowledge of the matter said.

Update(s):

April 05, 2017: JAB Holding Co. is in advanced talks to acquire bakery chain Panera Bread Co., (PNRA) adding to a burgeoning food empire that already spans coffee, bagels, and doughnuts, according to people with knowledge of the matter.

April 05, 2017: Panera Bread Company (PNRA) and JAB today announced that the companies have entered into a definitive merger agreement under which JAB will acquire Panera for $315 per share in cash, in a transaction valued at approximately $7.5 billion, including the assumption of approximately $340 million of net debt. The agreement, which has been unanimously approved by Panera’s Board of Directors, represents a premium of approximately 30% to the 30-day volume-weighted average stock price as of March 31, 2017, the last trading day prior to news reports speculating about a potential transaction, and a premium of approximately 20% to Panera’s all-time high closing stock price as of that same date.

April 10, 2017: Brazilian private equity giant 3G Capital is seriously weighing a rival bid for the 2,036-store chain, sources close to the situation said.

IRG 04/03/2017 $0.37 Inactive
Ignite Restaurant Group, Inc. Potential Deal Details:

Ignite Restaurant Group, Inc. (IRG) today announced that its Board of Directors, working together with its management team and financial advisors, Piper Jaffray, has commenced a process to pursue the sale of the Company’s business, which could be sold as an entirety or through the separate sales of its two restaurant brands, Joe’s Crab Shack and Brick House Tavern + Tap.

SFM 03/20/2017 $21.83 Inactive
Sprouts Farmers Market, Inc. Potential Deal Details:

Albertsons, the grocery-chain operator backed by Cerberus Capital Management, has held preliminary talks to merge with Sprouts Farmers Market (SFM), people with knowledge of the matter said.

INNL 03/16/2017 $1.88 Successful
Innocoll Holdings plc Potential Deal Details:
Date of Confirmation: 04/04/2017 Price at Confirmation: $1.82
Potential Profit: -3.19% Annualized Profit: -61.28%

The Management of Innocoll Holdings (INNL) has been investigating and continues to investigate strategic options for the Company to maximise shareholder value.

Update(s):

April 04, 2017: U.S. investment firm Gurnet Point Capital is nearing a deal to acquire Ireland-based specialty drugmaker Innocoll Holdings Plc (INNL), people familiar with the matter said.

April 04, 2017: Gurnet Point L.P., a healthcare investment fund, and Innocoll Holdings plc (INNL), a global pharmaceutical and medical device company, today announced that they have reached an agreement on the terms of a recommended offer. 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. The initial cash consideration of $1.75 represents a premium of approximately 120 percent to the closing price per Innocoll Share on March 10, 2017, the last dealing day prior to the date on which the anomalous movement in Innocoll’s shares commenced (and a premium of approximately 28 percent to the closing price per Innocoll Share on March 15, 2017, the day prior to Innocoll initiating the commencement of the offer period).

KCG 03/15/2017 $16.90 Successful
KCG Holdings Potential Deal Details:
Date of Confirmation: 04/20/2017 Price at Confirmation: $19.75
Potential Profit: 16.86% Annualized Profit: 170.94%

Trading firm Virtu Financial (VIRT) has made a bid to acquire rival KCG Holdings (KCG) which could help shore up businesses that have been struggling with damped market volatility.

Update(s):

April 20, 2017: High-speed trading firm Virtu Financial Inc. (VIRTreached a deal to acquire rival KCG Holdings Inc. (KCG) for $1.4 billion in cash, a tie-up that would create an electronic trading giant responsible for around one-fifth of volume in U.S. equities.

 

CALL 03/15/2017 $8.10 Inactive
magicJack VocalTec Ltd. Potential Deal Details:

Bell, says MagicJack (CALL)  has received “multiple unsolicited offers” which are at various stages of due diligence and financing commitment. A special committee of the board has been chosen to study strategic alternatives.

CTXS 03/14/2017 $82.02 Inactive
Citrix Systems Potential Deal Details:

Citrix Systems (CTXS)  is working with advisers to seek potential suitors for the cloud-services company, according to people familiar with the matter.

Update(s):

May 03, 2017: Private equity firms Bain Capital, Carlyle Group LP and Thoma Bravo are among bidders for cloud-services company Citrix Systems Inc. (CTXS), people familiar with the matter said.

MGI 03/14/2017 $15.77 Inactive
MoneyGram Potential Deal Details:

MoneyGram (MGI), today 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.

Update(s):

March 14, 2017: The company says its board will review and consider the proposal to determine the course of action that it believes is in the best interests of Moneygram and its shareholders.

March 20, 2017: MoneyGram International Inc (MGI) has offered to share confidential information with peer Euronet Worldwide Inc (EEFT) after the latter made a $1 billion acquisition offer, people familiar with the matter said.

March 21, 2017: Billionaire Jack Ma’s Ant Financial is considering whether to make a higher offer for MoneyGram International Inc., (MGI) according to a person familiar with the negotiations, after the U.S. company said a smaller rival’s bid could be a better deal.

March 26, 2017: MoneyGram International Inc (MGI) announced that it has entered into an Acceptable Confidentiality Agreement with Euronet Worldwide Inc (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.

April 04, 2017: The battle between Chinese billionaire Jack Ma’s Ant Financial Services Group and a Kansas rival to acquire MoneyGram International Inc. has sparked a lobbying war over a deal set to test the Trump administration’s view of Chinese investment in the U.S.

April 12, 2017: Ant Financial Services Group, the payments affiliate of Chinese e-commerce giant Alibaba Group Holding Ltd., will only consider raising its bid for U.S. money-transfer firm MoneyGram International Inc. (MGI) if a competing bid is declared superior, a senior executive at Ant Financial said Wednesday.

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.

April 17, 2017: Ant Financial Services Group has raised its bid for U.S. money-transfer company MoneyGram International Inc. to around $1.2 billion—topping a rival offer and making China’s biggest online-payments firm once more the leading contender in an increasingly politicized takeover battle.

April 17, 2017: Euronet Worldwide, Inc., (EEFT) a leading electronics payments provider, today acknowledges it submitted a binding offer to acquire MoneyGram International, Inc. (MGI) to MoneyGram’s Board of Directors on April 14, 2017.  On April 16, 2017, MoneyGram announced it had rejected Euronet’s offer and has entered into an amendment to the definitive agreement under which MoneyGram will merge with Ant Financial Services Group (the “Amended Merger Agreement”).  Euronet intends to review the Amended Merger Agreement.

July 12, 2017: Ant Financial, the affiliate of China’s Alibaba Group Holding Ltd (BABA) that agreed to buy money transfer company MoneyGram International Inc (MGI) for $1.2 billion, has resubmitted the deal for U.S. review, people familiar with the matter said.

 

 

CBR 03/14/2017 $0.53 Inactive
Ciber, Inc. Potential Deal Details:

Ciber (CBR), a leading global information technology consulting, services and outsourcing company, confirmed that it has received a preliminary, non-binding letter of interest from Ameri Holdings (AMRH) to acquire, effected by a merger, the Company for a mix of preferred securities and cash consideration, which Ameri Holdings values at $0.75 per share of Ciber common stock.

LCUT 03/13/2017 $20.10 Failed
Lifetime Brands, Inc. Potential Deal Details:

Mill Road submitted an offer to acquire all shares of the Lifetime Brands (LCUT) stock at a cash price of $20.00 per share.

Update(s):

April 18, 2017: Lifetime Brands, Inc. (LCUT), a leading global provider of branded kitchenware, tableware and other products used in the home, today announced that its Board of Directors unanimously rejected an unsolicited and non-binding proposal from Mill Road Capital Management LLC to acquire all of the outstanding shares of Lifetime that it does not already own for a $20.00 per share price in cash.

 

RT 03/13/2017 $2.16 Successful
Ruby Tuesday, Inc. Potential Deal Details:
Date of Confirmation: 09/13/2017 Price at Confirmation: $2.24
Potential Profit: 3.70% Annualized Profit: 7.34%

Ruby Tuesday (RT) announced it will explore strategic alternatives in order to maximize shareholder value and position the business for long-term success.

Update(s):

October 16, 2017: Ruby Tuesday, Inc. (RT)  today announced an agreement to be acquired by a fund managed by NRD Capital, an Atlanta-based private equity firm that specializes in franchised and multi-location business investments.

GBT 03/08/2017 $34.25 Inactive
Global Blood Therapeutics Potential Deal Details:

Danish drugmaker Novo Nordisk (NVO) has approached Global Blood Therapeutics (GBT), a U.S. biotechnology company focused on serious blood disorders, to discuss a potential acquisition, people familiar with the matter said.

Update(s):

March 9, 2017: Novo Nordisk’s (NVO) new chief executive is looking at making acquisitions to broaden the Danish drugmaker’s product line-up, in a change of tack that reflects a need for fresh sources of growth at the world’s biggest diabetes company.

May 12, 2017: Novo Nordisk’s (NVO) new chief executive is looking at making acquisitions to broaden the Danish drugmaker’s product line-up, in a change of tack that reflects a need for fresh sources of growth at the world’s biggest diabetes company.

IPXL 03/07/2017 $9.10 Successful
Impax Laboratories, Inc. Potential Deal Details:
Date of Confirmation: 10/17/2017 Price at Confirmation: $19.30
Potential Profit: 112.09% Annualized Profit: 182.65%

Generic drugmaker Impax Laboratories Inc (IPXL) has asked investment bank Morgan Stanley (MS) to help it conduct a strategic review, as it tries to cope with a tougher drug pricing environment, people familiar with the matter said.

Update(s):

September 21, 2017: Impax Laboratories Inc.(IPXL)   is in talks to combine with rival Amneal Pharmaceuticals LLC as the companies seek to build strength in a challenging market for generic-drug makers.

October 16, 2017: Impax Laboratories Inc. (IPXL)  and Amneal Pharmaceuticals LLC are close to agreement on a merger that would create the nation’s fifth-largest generic-drug company by revenue, according to people familiar with the matter.

October 17, 2017: Amneal Pharmaceuticals LLC and Impax Laboratories, Inc. (IPXL)  today announced that they have entered into a definitive business combination in an all-stock transaction. As a result of the transaction, Amneal Holdings members will own approximately 75% and Impax shareholders will own approximately 25% of the new company’s pro forma shares on an as converted basis.

HNH 03/06/2017 $28.05 Successful
Handy & Harman Ltd. Potential Deal Details:
Date of Confirmation: 06/26/2017 Price at Confirmation: $28.50
Potential Profit: 1.60% Annualized Profit: 5.21%

Steel Partners Holdings (SPLP) announced that it has submitted a proposal to the independent members of the board of directors of Handy & Harman (HNH), to acquire all of the outstanding shares of common stock of HNH not owned by SPLP or its subsidiaries for a price of $29.00 per share, or approximately $106.7 million of value. SPLP currently owns approximately 70% of HNH’s outstanding shares.

June 26, 2017: Steel Partners Holdings L.P. (SPLP), a diversified global holding company, and Handy & Harman Ltd. (HNH), a diversified global industrial company, today announced they have signed a definitive merger agreement under which Steel Partners will acquire the remaining shares of Handy & Harman it does not currently own.

VTTI 03/02/2017 $18.40 Successful
VTTI Energy Partners LP Potential Deal Details:
Date of Confirmation: 05/08/2017 Price at Confirmation: $19.45
Potential Profit: 5.71% Annualized Profit: 31.11%

VTTI Energy Partners (VTTI) announced that the Board of Directors of VTTI Energy Partners has received a proposal from VTTI B.V. pursuant to which VTTI would acquire through a wholly owned subsidiary all publicly held common units of the Partnership in exchange for $18.75 per common unit, representing a 3% premium over the 30 trading day volume weighted average price as of March 1, 2017.

May 08, 2017: VTTI Energy Partners LP (VTTI) announced today that it has entered into a definitive merger agreement with VTTI B.V. pursuant to which VTTI will acquire, for cash, all of the outstanding publicly held common units of the Partnership, at a price of US$19.50 per common unit for an aggregate transaction value of approximately US$481 million.  The revised price represents an increase of US$0.75 when compared to the offer of US$18.75 per common unit made by VTTI on March 2, 2017.  In addition, unitholders of the Partnership will continue to receive regular quarterly distributions of $0.336 per unit for each completed quarter prior to the closing date.

AIRM 03/02/2017 $43.00 Successful
Air Methods Corporation Potential Deal Details:
Date of Confirmation: 03/14/2017 Price at Confirmation: $43.00
Potential Profit: 0.00% Annualized Profit: N/A

Private equity firm KKR, among others, is bidding to take Air Methods (AIRM) private according to Bloomberg.

Update(s):

March 14, 2017: Air Methods Corporation (AIRM) announced that it has entered into a definitive agreement to be acquired by affiliates of American Securities. Under the terms of the agreement, affiliates of American Securities will acquire all outstanding shares of Air Methods for $43.00 per share in cash. The transaction, which was unanimously approved by Air Methods’ Board of Directors, has a total enterprise value of approximately $2.5 billion, including net debt.

EGHT 02/24/2017 $16.15 Inactive
8x8, Inc. Potential Deal Details:

8×8 Inc (EGHT), a U.S. provider of internet-based voice and communication services to businesses, is exploring a potential sale of the company.

FCH 02/21/2017 $7.93 Failed
FelCor Lodging Trust Incorporated Potential Deal Details:

Ashford Hospitality Trust (AHT) announced that it has submitted a non-binding proposal to acquire FelCor Lodging Trust (FCH) for a total consideration of $9.27 per share, based on closing prices as of February 17, 2017. FelCor shareholders would receive a fixed exchange ratio of 1.192 shares of Ashford Trust, a total of 400,000 shares of Ashford, and a total of 100,000 warrants to purchase Ashford shares. This offer, based on Ashford Trust’s written non-binding proposal to FelCor’s Board of Directors on February 21, 2017, represents a substantial premium of 28% over FelCor’s current stock price of $7.23 on February 17, 2017, a 23% premium to the 10-trading day volume weighted average price, and an 11% premium to FelCor’s 52-week high closing stock price of $8.34 on December 14, 2016.

Update(s)

February 24, 2017: FelCor Lodging Trust Incorporated (FCH) offered clarification on the unsolicited, non-binding and conditional proposal to combine its business with Ashford Hospitality Trust (AHT).

February 27, 2017: FelCor Lodging Trust Incorporated (FCH)’s Board of Directors sent a letter to Montgomery J. Bennett, Chairman of Ashford Hospitality Trust (AHT), regarding AHT’s proposal to combine its business with FelCor. They said that FelCor has consistently communicated its concerns regarding both the inadequate value and uncertainty of AHT’s all-stock, fixed exchange ratio proposal. Those concerns were underscored by the decrease in the market value of AHT’s shares in the previous week once the full details of the proposal were made public. However, an all or substantially all cash proposal would provide much greater comfort and certainty and could alter their analysis of AHT’s proposal. If AHT were willing to consider making such a revised proposal, FelCor would stand  ready to re-engage with AHT as soon as is practicable.

April 24, 2017: RLJ Lodging Trust (RLJ) and FelCor Lodging Trust Incorporated (FCH) today announced that they have entered into a definitive merger agreement (the “Merger Agreement”) under which FelCor will merge with and into a wholly-owned subsidiary of RLJ in an all-stock transaction. Post-merger, RLJ is expected to have a pro forma equity market capitalization of approximately $4.2 billion and a total enterprise value of $7 billion, creating the largest pure-play public REIT dedicated to owning focused-service and compact full-service hotels.

May 03, 2017: Ashford Hospitality Trust (AHT) today 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. Ashford Trust also announced that it is withdrawing its preliminary proxy statement and proposed slate of seven independent directors for election to FelCor’s Board of Directors at FelCor’s 2017 Annual Meeting of Stockholders.

CXDC 02/17/2017 $4.20 Inactive
China XD Plastics Company Ltd. Potential Deal Details:

China XD Plastics Company Limited (CXDC) announced that its Board of Directors has received a preliminary non-binding proposal letter, dated February 16, 2017, from its Chairman and Chief Executive Officer, Mr. Jie Han to acquire all of the outstanding shares of common stock of the Company not already beneficially owned by the Buyer Consortium in a “going-private” transaction for US$5.21 per share of common stock in cash. This price represents a premium of approximately 28.6% to the Company’s closing price on February 15, 2017, and a premium of approximately 29.3% to the average closing price during the last 30 trading days.

PERF 02/17/2017 $2.05 Inactive
Perfumania Holdings Potential Deal Details:

Perfumania Holdings (PERF), has hired advisers to explore strategic alternatives, including a debt restructuring, people familiar with the matter said.

BKD 02/16/2017 $15.38 Failed
Brookdale Senior Living Inc. Potential Deal Details:

Healthcare-facility owner Ventas (VTR) is in talks to acquire part or all of Brookdale Senior Living (BKD) after another big suitor cooled on its bid for the nation’s largest operator of senior-living centers.

Update(s)

March 6, 2017: Presenting at the Citi Global Property Conference, Ventas (VTR) said that it’s not currently in talks to purchase Brookdale Senior Living (BKD).

KATE 02/16/2017 $22.56 Successful
Kate Spade & Company Potential Deal Details:
Date of Confirmation: 05/08/2017 Price at Confirmation: $18.38
Potential Profit: -18.53% Annualized Profit: -83.50%

Kate Spade & Company (KATE) is committed to maximizing value and is exploring strategic alternatives that are in the best interests of the Company and its shareholders.

Update(s)

February 24, 2017: According to Reuters, Michael Kors Holding (KORS) and Coach Inc (COH) are among the companies that have made it through to the second round of bidding for handbag and accessories maker Kate Spade & Co (KATE).

April 04, 2017: U.S. handbag and accessories maker Kate Spade & Co (KATE) will spend a few more weeks negotiating a potential sale of the company after receiving an offer last week from Coach Inc (COH), three people said on Monday on condition of anonymity.

May 08, 2017: Coach, Inc. (COH), a leading New York design house of modern luxury accessories and lifestyle brands, today announced it has signed a definitive agreement to acquire Kate Spade & Company (KATE)

May 29, 2017: Coach, Inc. (COH), a leading New York design house of modern luxury accessories and lifestyle brands, today announced that its wholly owned direct subsidiary, Chelsea Merger Sub Inc., has commenced a tender offer for all of the outstanding shares of common stock, par value $1.00 per share, of Kate Spade & Company (KATE), a Delaware corporation, at a price of $18.50 per share, net to the seller in cash, without interest thereon and less any applicable withholding taxes, upon the terms and conditions set forth in the tender offer to purchase dated today, a copy of which has been filed with the Securities and Exchange Commission.

UL 02/16/2017 $48.17 Failed
Unilever PLC Potential Deal Details:

Unilever (UL) notes the announcement by The Kraft Heinz Company (KHC) that it has made a potential offer for all of the shares of Unilever PLC and Unilever N.V. Their proposal represents a premium of 18% to Unilever’s share price as at the close of business on 16 February 2017.

The proposal received was that Unilever common shareholders would receive $50.00 per share in a mix of $30.23 per share in cash payable in U.S. dollars and 0.222 new enlarged entity shares per existing Unilever share, which valued Unilever at a total equity value of approximately $143 billion.

 

WBMD 02/16/2017 $51.51 Successful
WebMD Health Corp. Potential Deal Details:
Date of Confirmation: 07/24/2017 Price at Confirmation: $66.10
Potential Profit: 28.32% Annualized Profit: 65.42%

WebMD Health (WBMD), the leading source of health information, announced that its Board of Directors, working together with its management team and legal and financial advisors, has commenced a process to explore and evaluate potential strategic alternatives focused on maximizing shareholder value. These alternatives could include, among other things, the sale of part or all of the company, a merger with another party or other strategic transaction or continuing to execute on WebMD’s business plan.

Update(s):

July 24, 2017: Private equity firm KKR & Co LLP (KKR) is nearing an all-cash deal to acquire WebMD Health Corp (WBMD), a U.S. online health publisher with a market capitalization of $2.1 billion, people familiar with the matter said on Sunday.

July 24, 2017: Kohlberg Kravis Roberts said that Internet Brands, a K.K.R. portfolio company (KKR), had agreed to buy WebMD Health Corporation (WBMD) for about $2.8 billion.

 

TSRO 02/08/2017 $182.68 Inactive
Tesaro, Inc. Potential Deal Details:

U.S. biopharmaceutical company Tesaro (TSRO) is discussing its options with investment banks after receiving acquisition interest from several drugmakers, according to people familiar with the matter.

Tesaro shares rose as much as 17 percent on the news and were up 11 percent at $180.50 in late morning trading in New York on Wednesday, giving the company a market capitalization of more than $9 billion. Tesaro went public in 2012 at $13.50 per share.

TIME 02/07/2017 $18.65 Failed
Time Inc. Potential Deal Details:

Meredith (MDP) and an investor group led by Edgar Bronfman Jr. have advanced in their pursuit of Time as the publisher explores a possible sale, according to people familiar with the situation. – Wall Street Journal

Update(s)

March 1, 2017: Time (TIME) asked potential suitors to submit acquisition offers by next week, according to people familiar with the matter. Time’s board of directors wants details on how possible buyers value the company so it can determine whether to pursue a sale of the entire business or individual magazine titles. The company may also choose not to proceed with a sale at all. Five companies have expressed interest in acquiring all of Time. Two of the potential buyers are Meredith Corp. and an investor group led by Edgar Bronfman Jr.

March 7, 2017: Time (TIME) board of directors is discussing acquisition offers from potential suitors Tuesday as the magazine publisher weighs the future of its iconic brands, according to a person familiar with the matter

March 8, 2017: The investor group led by Edgar Bronfman Jr. has walked away from its bid for venerable publisher Time (TIME), according to media reports.

March 9, 2017: A group that includes Jahm Najafi, chief executive of private investment firm Najafi, and private-equity firm Pamplona Capital Management has emerged as a bidder for Time (TIME), according to people familiar with the matter.

March 17, 2017: The rumbling is that Meredith is the front-runner in the battle to take over Time (TIME) and its stable of magazines including Time, People, Sports Illustrated and InStyle. – NYPost

March 24, 2017: Time (TIME) is moving closer to a sale that could value the magazine publisher at more than $20 a share, according to people familiar with the process.

April 12, 2017: U.S. media group Meredith Corp (MDP) has made a preliminary acquisition offer to Time Inc (TIME) that fell short of the price expectations of the publisher of Sports Illustrated and Fortune magazines, according to people familiar with the matter.

April 24, 2017: Verizon (VZ) is rumored to be the public company that is hanging around the hoop on the Time Inc. sales process

April 28, 2017: The Board of Directors of Time (TIME), consistent with its duties, evaluated a number of expressions of interest with the assistance of external advisors. Following that review, the Board has determined that the Company will continue to pursue its strategic plan.

M 02/03/2017 $32.69 Inactive
Macy's Potential Deal Details:

Hudson’s Bay Company (HBC.TO), the Canadian owner of Saks, has approached Macy’s (M) about a potential takeover, people briefed on the matter who were not authorized to speak publicly said on Friday.

Update(s)

March 3, 2017: Canada’s Hudson’s Bay (HBC.TO), owner of the Lord & Taylor and Saks Fifth Avenue retail chains, has yet to line up equity financing for a bid for Macy’s (M), over a month after approaching its U.S. peer, people familiar with the matter said. – Reuters

March 3, 2017: Hopes for a deal to sell Macy’s (M) are fading as the department store giant refuses to take a discount, sources told The Post. Hudson’s Bay, the owner of Saks Fifth Avenue and Lord & Taylor, is the only bidder that has stepped forward so far, and is put off by the “high price”. – New York Post.

CERU 02/01/2017 $0.84 Failed
Cerulean Pharma Inc. Potential Deal Details:

Cerulean Pharma (CERU), a clinical-stage company developing nanoparticle-drug conjugates (NDCs), today announced that its Board of Directors is conducting a comprehensive review of strategic alternatives focused on maximizing stockholder value. Cerulean has engaged investment bank, Aquilo Partners, L.P., as its financial advisor to assist in the strategic review process.

The intention of the strategic review is to evaluate potential alternatives such as the sale of the company, a merger, a business combination, a strategic investment into the company, or a sale, license or disposition of assets of the company. This process may not result in any transaction.

Update(s):

July 19, 2017: Cerulean Pharma Inc.  (CERU) and Daré Bioscience Operations, Inc. (formerly Daré Bioscience, Inc.) today announced the closing of the transactions contemplated by the stock purchase agreement entered into by the companies on March 19, 2017

DHT 01/30/2017 $4.61 Failed
DHT Holdings, Inc. Potential Deal Details:

Frontline (FRO) has approached DHT Holdings (DHT) with a non-binding proposal for a possible business combination where Frontline would acquire all outstanding shares of common stock of DHT in a stock-for-stock transaction at a ratio of 0.725 Frontline shares for each DHT share.

Update(s):

April 20, 2017: A U.S. court has rejected a last-minute effort by billionaire investor John Fredriksen’s Frontline to prevent BW Group from acquiring a major stake in rival oil tanker firm DHT Holdings, DHT said on Thursday.

April 26, 2017: Frontline (FRO) has approached the Board of Directors of DHT Holdings (DHT) to consider a proposed new business combination, which includes the ships already delivered and yet to be delivered by BW Group to DHT under the Vessel Acquisition Agreement entered into by DHT and BW on March 23, 2017. The offer would be effected at an exchange ratio of 0.8 Frontline shares for each DHT common share.

June 26, 2017: Oslo-listed oil tanker firm Frontline  (FRO)  is no longer pursuing an acquisition of DHT Holdings (DHT) and is not working on any other acquisitions either, Frontline’s CEO told Reuters on Monday.