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.
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  Symbol Date Announced Type of Announcement Acquiring Company/Person Price after Announcement Premium Status
CA 06/21/2017 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.

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.

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

WFM 06/16/2017 News Report Amazon.com, Inc. (AMZN) $42.68 29.10% Successful
Whole Foods Market, Inc. Potential Deal Details:
Date of Confirmation: N/A Price at Confirmation: $42.68
Potential Profit: 0.00% Annualized Profit: N/A

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. 

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: June 2, 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% Active
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.

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: May 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: May 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.

TMUS 05/12/2017 News Report Sprint Corporation (S) $65.55 -0.40% Active
T-Mobile US, Inc. 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.

CPN 05/10/2017 News Report N/A $11.89 18.07% Active
Calpine Corporation Potential Deal Details:

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

ANF 05/09/2017 News Report N/A $12.67 0.24% Active
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.

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: May 5, 2017 Price at Confirmation: $33.28
Potential Profit: -1.01% Annualized Profit: N/A

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: May 9, 2017 Price at Confirmation: $24.11
Potential Profit: -9.67% Annualized Profit: N/A

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.

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: May 8, 2017 Price at Confirmation: $42.40
Potential Profit: 11.29% Annualized Profit: 274.72%

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 N/A $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.

NSAT 04/17/2017 Unsolicited Bid Privet Fund Management LLC $10.85 7.43% Active
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: April 25, 2017 Price at Confirmation: $33.09
Potential Profit: 11.15% Annualized Profit: 145.35%

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 N/A $9.51 9.82% Active
Staples Inc. Potential Deal Details:

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.

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: April 5, 2017 Price at Confirmation: $312.94
Potential Profit: 10.72% Annualized Profit: N/A

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% Active
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% Active
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.

DDC 03/19/2017 News Report Washington Cos. $12.20 22.98% Active
Dominion Diamond Corp. Potential Deal Details:

Canadian mining company Dominion Diamond Corp. (DDC) received a $1.1 billion bid from a privately held conglomerate in Montana, but the two sides are at a negotiating impasse, setting the stage for a public takeover fight.

Update(s):

March 22, 2017: Dominion Diamond Corp. (DDC) and fellow Canadian diamond miner Stornoway Diamond Corp (SWYDF) have held talks about a potential merger in recent months, people familiar with the matter said on Monday.

INNL 03/16/2017 News Report Gurnet Point Capital $1.88 37.23% Successful
Innocoll Holdings plc Potential Deal Details:
Date of Confirmation: April 4, 2017 Price at Confirmation: $1.82
Potential Profit: -3.19% Annualized Profit: -72.77%

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: April 20, 2017 Price at Confirmation: $19.75
Potential Profit: 16.86% Annualized Profit: 323.89%

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% Active
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% Active
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% Active
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.

 

 

CBR 03/14/2017 Unsolicited Bid Ameri Holdings, Inc. (AMRH) $0.53 -8.62% Active
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: April 18, 2017 Price at Cancellation: $20.41
Potential Loss: 1.54% Annualized Loss: 93.68%

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 N/A $2.16 24.14% Active
Ruby Tuesday, Inc. Potential Deal Details:

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

GBT 03/08/2017 News Report Novo Nordisk (NVO) $34.25 21.02% Active
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 N/A $9.10 8.33% Active
Impax Laboratories, Inc. Potential Deal Details:

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.

HNH 03/06/2017 Unsolicited Bid Steel Partners Holdings L.P. (SPLP) $28.00 0.72% Active
Handy & Harman Ltd. Potential Deal Details:

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.

VTTI 03/02/2017 Unsolicited Bid VTTI B.V. $18.40 -0.27% Successful
VTTI Energy Partners LP Potential Deal Details:
Date of Confirmation: May 8, 2017 Price at Confirmation: $19.45
Potential Profit: 5.71% Annualized Profit: 1042.08%

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: March 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% Active
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: May 3, 2017 Price at Cancellation: $7.73
Potential Loss: -2.52% Annualized Loss: -83.62%

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.

PERF 02/17/2017 Company Seeking Strategic Alternatives N/A $2.05 7.89% Active
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.

CXDC 02/17/2017 Unsolicited Bid Chairman and Chief Executive Officer, Mr. Jie Han $4.20 5.00% Active
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.

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: May 8, 2017 Price at Confirmation: $18.38
Potential Profit: -18.53% Annualized Profit: -422.72%

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.

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: March 6, 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).

WBMD 02/16/2017 Company Seeking Strategic Alternatives N/A $51.51 0.39% Active
WebMD Health Corp. Potential Deal Details:

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.

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: February 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.

 

TSRO 02/08/2017 Company Seeking Strategic Alternatives N/A $182.68 12.11% Active
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: April 28, 2017 Price at Cancellation: $15.20
Potential Loss: -18.50% Annualized Loss: -337.63%

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% Active
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% Active
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.

DHT 01/30/2017 Unsolicited Bid Frontline Ltd. (FRO) $4.61 7.96% Active
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.

 

PX 12/20/2016 News Report Linde $118.39 -3.75% Successful
Praxair Potential Deal Details:
Date of Confirmation: June 1, 2017 Price at Confirmation: $134.09
Potential Profit: 13.26% Annualized Profit: 439.99%

Industrial-gas giants Praxair (PX) and Germany’s Linde AG concluded a two-year courtship, agreeing to join forces to create the industry’s biggest player with a combined market value of $66.6 billion.

Update(s):

March 30, 2017: Linde labor representatives will vote against the German industrial gases group’s planned $65 billion merger with U.S. rival Praxair (PX), the head of the German works council told Reuters, in a move that could scupper the deal.

April 03, 2017: The chairman of German industrial gases group Linde is prepared to use his casting vote to push through a $65 billion merger with U.S. rival Praxair (PX) in the face of worker opposition.

April 11, 2017: Germany’s Linde has for a second time rejected a request for a shareholder vote at its annual general meeting next month on its planned $65 billion merger with U.S. industrial gases rival Praxair (PX).

April 13, 2017: Linde and Praxair’s (PX) $65 billion merger talks are facing legal complexities that mean the agreement will not be finalised as planned before Linde’s annual shareholder meeting on May 10, a source familiar with the situation said.

May 06, 2017: Shareholder adviser Ivox Glass Lewis has called on Linde investors to vote against signing off on the actions of its management and supervisory board due to problems in the handling of a planned merger with peer Praxair (PX).

May 10, 2017: The chairman of German industrial gases group Linde got an effective green light on Wednesday for his long-desired $70 billion merger with U.S. peer Praxair (PX) despite a protest vote by shareholders dismayed at the way he is pushing it through.

May 24, 2017: German industrial gases group Linde and U.S. peer Praxair (PX) have reached a deal in principle on details of their proposed $70 billion merger, Linde said on Wednesday.

June 01, 2017: Linde AG and Praxair, Inc. (PX) today announced that the companies have entered into a definitive business combination agreement to come together under a new holding company through an all-stock merger of equals transaction. Linde and Praxair expect the transaction to close in the second half of 2018, subject to customary closing conditions, including regulatory approvals.

GNC 10/19/2016 Company Seeking Strategic Alternatives N/A $21.49 10.77% Active
GNC Holdings, Inc. Potential Deal Details:

Chinese consumers’ rising penchant for popping vitamins and supplements is leading companies there to look abroad for brands to buy, including U.S. company, GNC Holdings (GNC).

Update(s)

March 3, 2017: GNC (GNC) shares spiked as much as 11% on Friday morning after a report citing Dealreporter surfaced that private equity firm KKR has been in contact with Chinese pharmaceutical company Sinopharm and Chinese investment firm Fosun regarding GNC.

P 02/11/2016 Company Seeking Strategic Alternatives Sirius XM Holdings Inc (SIRI) $13.09 1.87% Active
Pandora Media, Inc. Potential Deal Details:

Pandora Media (P), the largest Internet radio service, has held discussions about selling the company, according to people briefed on the talks.

Update(s):

May 09, 2017: Pandora Media Inc. (P) said Monday it is reviewing strategic options, including a potential sale of the company, and said private-equity firm KKR & Co. (KKR) agreed to make a $150 million investment to shore up its balance sheet.

June 08, 2017: Sirius XM Holdings Inc., (SIRI), the U.S. satellite radio company controlled by John Malone’s Liberty Media Corp, is seeking to invest in internet music provider Pandora Media Inc, (P) people familiar with the matter said.

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

Desktop Version
  Symbol Date Price
after
Announcement
Status
CA 06/21/2017 $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.

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.

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

WFM 06/16/2017 $42.68 Successful
Whole Foods Market, Inc. Potential Deal Details:
Date of Confirmation: N/A Price at Confirmation: $42.68
Potential Profit: 0.00% Annualized Profit: N/A

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. 

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 Active
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.

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: May 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.

TMUS 05/12/2017 $65.55 Active
T-Mobile US, Inc. 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.

CPN 05/10/2017 $11.89 Active
Calpine Corporation Potential Deal Details:

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

ANF 05/09/2017 $12.67 Active
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.

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: May 5, 2017 Price at Confirmation: $33.28
Potential Profit: -1.01% Annualized Profit: N/A

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: May 9, 2017 Price at Confirmation: $24.11
Potential Profit: -9.67% Annualized Profit: N/A

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.

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: May 8, 2017 Price at Confirmation: $42.40
Potential Profit: 11.29% Annualized Profit: 274.72%

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.

NSAT 04/17/2017 $10.85 Active
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: April 25, 2017 Price at Confirmation: $33.09
Potential Profit: 11.15% Annualized Profit: 145.35%

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 Active
Staples Inc. Potential Deal Details:

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.

PNRA 04/03/2017 $282.63 Successful
Panera Bread Company Potential Deal Details:
Date of Confirmation: April 5, 2017 Price at Confirmation: $312.94
Potential Profit: 10.72% Annualized Profit: N/A

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 Active
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 Active
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.

DDC 03/19/2017 $12.20 Active
Dominion Diamond Corp. Potential Deal Details:

Canadian mining company Dominion Diamond Corp. (DDC) received a $1.1 billion bid from a privately held conglomerate in Montana, but the two sides are at a negotiating impasse, setting the stage for a public takeover fight.

Update(s):

March 22, 2017: Dominion Diamond Corp. (DDC) and fellow Canadian diamond miner Stornoway Diamond Corp (SWYDF) have held talks about a potential merger in recent months, people familiar with the matter said on Monday.

INNL 03/16/2017 $1.88 Successful
Innocoll Holdings plc Potential Deal Details:
Date of Confirmation: April 4, 2017 Price at Confirmation: $1.82
Potential Profit: -3.19% Annualized Profit: -72.77%

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: April 20, 2017 Price at Confirmation: $19.75
Potential Profit: 16.86% Annualized Profit: 323.89%

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 Active
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 Active
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 Active
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.

 

 

CBR 03/14/2017 $0.53 Active
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 Active
Ruby Tuesday, Inc. Potential Deal Details:

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

GBT 03/08/2017 $34.25 Active
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 Active
Impax Laboratories, Inc. Potential Deal Details:

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.

HNH 03/06/2017 $28.00 Active
Handy & Harman Ltd. Potential Deal Details:

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.

VTTI 03/02/2017 $18.40 Successful
VTTI Energy Partners LP Potential Deal Details:
Date of Confirmation: May 8, 2017 Price at Confirmation: $19.45
Potential Profit: 5.71% Annualized Profit: 1042.08%

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: March 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 Active
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.

PERF 02/17/2017 $2.05 Active
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.

CXDC 02/17/2017 $4.20 Active
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.

KATE 02/16/2017 $22.56 Successful
Kate Spade & Company Potential Deal Details:
Date of Confirmation: May 8, 2017 Price at Confirmation: $18.38
Potential Profit: -18.53% Annualized Profit: -422.72%

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.

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).

WBMD 02/16/2017 $51.51 Active
WebMD Health Corp. Potential Deal Details:

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.

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.

 

TSRO 02/08/2017 $182.68 Active
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 Active
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 Active
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.

DHT 01/30/2017 $4.61 Active
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.

 

PX 12/20/2016 $118.39 Successful
Praxair Potential Deal Details:
Date of Confirmation: June 1, 2017 Price at Confirmation: $134.09
Potential Profit: 13.26% Annualized Profit: 439.99%

Industrial-gas giants Praxair (PX) and Germany’s Linde AG concluded a two-year courtship, agreeing to join forces to create the industry’s biggest player with a combined market value of $66.6 billion.

Update(s):

March 30, 2017: Linde labor representatives will vote against the German industrial gases group’s planned $65 billion merger with U.S. rival Praxair (PX), the head of the German works council told Reuters, in a move that could scupper the deal.

April 03, 2017: The chairman of German industrial gases group Linde is prepared to use his casting vote to push through a $65 billion merger with U.S. rival Praxair (PX) in the face of worker opposition.

April 11, 2017: Germany’s Linde has for a second time rejected a request for a shareholder vote at its annual general meeting next month on its planned $65 billion merger with U.S. industrial gases rival Praxair (PX).

April 13, 2017: Linde and Praxair’s (PX) $65 billion merger talks are facing legal complexities that mean the agreement will not be finalised as planned before Linde’s annual shareholder meeting on May 10, a source familiar with the situation said.

May 06, 2017: Shareholder adviser Ivox Glass Lewis has called on Linde investors to vote against signing off on the actions of its management and supervisory board due to problems in the handling of a planned merger with peer Praxair (PX).

May 10, 2017: The chairman of German industrial gases group Linde got an effective green light on Wednesday for his long-desired $70 billion merger with U.S. peer Praxair (PX) despite a protest vote by shareholders dismayed at the way he is pushing it through.

May 24, 2017: German industrial gases group Linde and U.S. peer Praxair (PX) have reached a deal in principle on details of their proposed $70 billion merger, Linde said on Wednesday.

June 01, 2017: Linde AG and Praxair, Inc. (PX) today announced that the companies have entered into a definitive business combination agreement to come together under a new holding company through an all-stock merger of equals transaction. Linde and Praxair expect the transaction to close in the second half of 2018, subject to customary closing conditions, including regulatory approvals.

GNC 10/19/2016 $21.49 Active
GNC Holdings, Inc. Potential Deal Details:

Chinese consumers’ rising penchant for popping vitamins and supplements is leading companies there to look abroad for brands to buy, including U.S. company, GNC Holdings (GNC).

Update(s)

March 3, 2017: GNC (GNC) shares spiked as much as 11% on Friday morning after a report citing Dealreporter surfaced that private equity firm KKR has been in contact with Chinese pharmaceutical company Sinopharm and Chinese investment firm Fosun regarding GNC.

P 02/11/2016 $13.09 Active
Pandora Media, Inc. Potential Deal Details:

Pandora Media (P), the largest Internet radio service, has held discussions about selling the company, according to people briefed on the talks.

Update(s):

May 09, 2017: Pandora Media Inc. (P) said Monday it is reviewing strategic options, including a potential sale of the company, and said private-equity firm KKR & Co. (KKR) agreed to make a $150 million investment to shore up its balance sheet.

June 08, 2017: Sirius XM Holdings Inc., (SIRI), the U.S. satellite radio company controlled by John Malone’s Liberty Media Corp, is seeking to invest in internet music provider Pandora Media Inc, (P) people familiar with the matter said.