Merger Arbitrage Tool

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  Symbol Announced Date Acquiring
Company
Deal
Type
Clo.
Value
Clo.
Price
Last
Price
Volume Clo.
Date
Profit Annu.
Profit
GNW 10/23/2016 China Oceanwide Holdings Group Co., Ltd. (N/A) Cash $2.7 billion $5.43 $3.49 1,365,229 07/31/2017 55.59% 2028.94%
Genworth Financial, Inc. merger details:

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

Update(s)

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

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

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

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

July 13, 2017: Genworth Financial (GNW) and China Oceanwide Holdings Group reported that they have withdrawn and re-filed their joint voluntary notice with the Committee on Foreign Investment in the United States (CFIUS) a second time to provide CFIUS more time to review and discuss the proposed transaction between Genworth and Oceanwide.

DEST 12/20/2016 Orchestra-Prémaman S.A. (KAZI.PA) Stock $100 million $3.83 $2.87 12,693 10/31/2017 33.55% 120.04%
Destination Maternity Corporation merger details:

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

LSCC 11/03/2016 Canyon Bridge Capital Partners, Inc. (N/A) Cash $1.3 billion $8.30 $6.70 353,605 09/30/2017 23.88% 122.77%
Lattice Semiconductor Corporation merger details:

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

Update(s)

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

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

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

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

June 9, 2017: Lattice Semiconductor Corporation Canyon Bridge Acquisition Company and Canyon Bridge Merger Sub entered into an amendment to the Agreement and Plan of Merger pursuant to which the parties agreed to withdraw and re-file their joint voluntary notice to the Committee on Foreign Investment in the United States (CFIUS) under the Defense Production Act of 1950, as amended, to allow more time for review and discussion with CFIUS in connection with the proposed merger between Lattice and Canyon Bridge Merger Sub and agreed to extend the outside date after which the Merger Agreement may be terminated by either Lattice or Canyon Bridge if the Merger has not become effective to September 30, 2017, subject to adjustment as described in the Merger Agreement. We have extended the closing date for this deal to September 30, 2017.

Lattice Semiconductor Corporation (LSCC) announced that under the HSR Act and the rules promulgated thereunder, certain transactions exceeding the applicable thresholds require notification to the FTC and DOJ and expiration or termination of the applicable waiting period before the transaction can be consummated, unless an exemption applies.
Parent or Merger Sub, on the one hand, and the Company, on the other hand, filed with the FTC and the DOJ on December 9, 2016 a Notification and Report Form relating to the Merger Agreement and the transactions contemplated hereby as required by the HSR Act. Under the HSR Act, the Merger may not be consummated until expiration or early termination of a 30-day waiting period, which will expire on January 9, 2017.Lattice Semiconductor Corporation (LSCC) announced that under the HSR Act and the rules promulgated thereunder, certain transactions exceeding the applicable thresholds require notification to the FTC and DOJ and expiration or termination of the applicable waiting period before the transaction can be consummated, unless an exemption applies.Parent or Merger Sub, on the one hand, and the Company, on the other hand, filed with the FTC and the DOJ on December 9, 2016 a Notification and Report Form relating to the Merger Agreement and the transactions contemplated hereby as required by the HSR Act. Under the HSR Act, the Merger may not be consummated until expiration or early termination of a 30-day waiting period, which will expire on January 9, 2017.
ATW 05/30/2017 Ensco plc (ESV) Stock $1.7 billion $8.66 $7.93 3,720,701 09/30/2017 9.16% 47.06%
Atwood Oceanics, Inc. merger details:

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

MON 09/14/2016 Bayer AG (BAYRY) Cash $66 billion $128.00 $117.43 529,307 12/31/2017 9.00% 20.16%
Monsanto Company merger details:

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

Update(s)

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

June 12, 2017: BASF SE (BASFY) and Syngenta AG (SYT) are among companies that have submitted preliminary bids for assets that Bayer AG (BAYRY) plans to sell in order to get regulatory approval for its $66 billion takeover of Monsanto (MON).

TWX 10/22/2016 AT&T, Inc. (T) Special Conditions $108.7 billion $107.50 $99.38 1,305,481 12/31/2017 8.17% 18.30%
Time Warner Inc. merger details:

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

Update(s)

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

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

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

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

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

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

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

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

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

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

MGI 01/26/2017 Ant Financial Services Group (N/A) Cash $1.2 billion $18.00 $16.80 221,024 12/31/2017 7.16% 16.03%
MoneyGram International, Inc. merger details:

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

Update(s)

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

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

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

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

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

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

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

July 12, 2017: Ant Financial and MoneyGram (MGI) refiled their deal for U.S. approval after they were unable to secure clearance from CFIUS within the maximum time of 75 days that is awarded for assessing applications.

HUN 05/22/2017 CLARIANT N (CLN.VX) Stock $6.72 billion $28.56 $26.81 1,802,966 12/31/2017 6.55% 14.67%
Huntsman Corporation merger details:

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

Huntsman shareholders receive 1.2196 shares in HuntsmanClariant for each Huntsman share (each existing Clariant share will remain outstanding as a share in HuntsmanClariant)Huntsman shareholders receive 1.2196 shares in HuntsmanClariant for each Huntsman share (each existing Clariant share will remain outstanding as a share in HuntsmanClariant).

 

FCH 04/24/2017 RLJ Lodging Trust (RLJ) Stock $2.58 billion $7.52 $7.12 1,331,624 12/31/2017 5.65% 12.65%
FelCor Lodging Trust Incorporated merger details:

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

Update(s)

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

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

 

CAB 10/03/2016 Bass Pro Shops (N/A) Cash $5 billion $61.50 $58.26 292,629 09/30/2017 5.56% 28.59%
Cabelas Incorporated merger details:

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

Update(s)

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

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

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

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

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

July 5, 2017: U.S. antitrust regulators ended their investigation into Bass Pro Shops' $4 billion deal to buy Cabela’s (CAB).

July 11, 2017: Shareholders of Cabela's (CAB) agreed to be acquired by Bass Pro Shops for $5 billion.

SGBK 03/27/2017 Home Bancshares, Inc. (HOMB) Special Conditions $778.4 million $49.00 $46.45 30,455 12/31/2017 5.49% 12.29%
Stonegate Bank merger details:

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

XCRA 04/10/2017 an affiliate of Sino IC Capital and Unic Capital Management (N/A) Cash $439.97 million $10.25 $9.76 217,330 12/31/2017 5.07% 11.36%
Xcerra Corporation merger details:

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

HCOM 07/10/2017 Cincinnati Bell (CBB) Cash Plus Stock $650 million $30.44 $29.10 238,581 12/31/2018 4.60% 3.18%
Hawaiian Telcom Holdco, Inc. merger details:

Expected to close in the second half of 2018 for a closing value of $650 million in a cash plus stock deal. Under the agreement, Hawaiian Telcom stockholders will have the option to elect either $30.75 in cash, 1.6305 shares of Cincinnati Bell common stock, or a mix of $18.45 in cash and 0.6522 shares of Cincinnati Bell common stock for each share of Hawaiian Telcom, subject to proration such that the aggregate consideration to be paid to Hawaiian Telcom stockholders will be 60 percent cash and 40 percent Cincinnati Bell common stock.

RICE 06/19/2017 EQT Corporation (EQT) Cash Plus Stock $8.2 billion $28.78 $27.52 3,641,173 12/31/2017 4.58% 10.25%
Rice Energy Inc. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $8.2 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of Rice Energy will receive 0.37 shares of EQT common stock and $5.30 in cash per share of Rice common stock.

AMFW 03/13/2017 John Wood Group Plc (WG.L) Stock $4.3 billion $5.96 $5.71 14,700 12/31/2017 4.29% 9.61%
Amec Foster Wheeler plc merger details:

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

WGL 01/25/2017 AltaGas Ltd. (N/A) Cash $6.4 billion $88.25 $85.00 177,673 06/30/2018 3.82% 4.06%
WGL Holdings, Inc. merger details:

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

TRCO 05/08/2017 Sinclair Broadcast Group, Inc. (SBGI) Cash Plus Stock $6.6 billion $42.92 $41.57 212,979 12/31/2017 3.26% 7.29%
Tribune Media Company merger details:

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

Update(s)

June 15, 2017: Tribune (TRCO) shares were up sharply following a federal court ruling that greatly improves chances that the broadcast chain's suitor, Sinclair Broadcast Group (SBGI), would be allowed to go through with their planned merger.

CCP 05/07/2017 Sabra Health Care REIT, Inc. (SBRA) Stock $4.07 billion $26.33 $25.56 517,886 09/30/2017 3.03% 15.57%
Care Capital Properties, Inc. merger details:

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

SNBC 06/30/2017 OceanFirst Financial Corp. (OCFC) Cash Plus Stock $640.73 million $25.03 $24.30 16,919 01/31/2018 3.01% 5.66%
Sun Bancorp, Inc. merger details:

Expected to close early in the first quarter of 2018 for a closing value of $640.73 million in a cash plus stock deal. Under the terms of the agreement, Sun shareholders will receive 0.7884 shares of OceanFirst common stock and $3.78 in cash per share of Sun common stock. Sun shareholders will have the right to elect to receive stock or cash consideration for their shares, subject to proration, and the merger agreement will include a mechanic whereby the per share cash consideration and the implied value of the stock consideration will be equivalent based on the average OceanFirst share price over the five trading day period ending on the trading day immediately prior to the closing date.

XBKS 05/22/2017 Union Bankshares Corporation (UBSH) Stock $701.2 million $28.88 $28.09 14,468 01/15/2018 2.80% 5.74%
Xenith Bankshares, Inc. merger details:

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

STRP 05/11/2017 Verizon Communications Inc. (VZ) Cash $3.1 billion $184.00 $179.48 34,635 03/15/2018 2.52% 3.88%
Straight Path Communications Inc. merger details:

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

CACQ 12/22/2014 Caesars Entertainment Corporation (CZR) Stock N/A $20.75 $20.28 217,070 07/31/2017 2.35% 85.74%
Caesars Acquisition Company merger details:

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

Update(s)

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

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

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

June 23, 2017:  Caesars Entertainment Corporation (CZR) and Caesars Acquisition Company (CACQ) announced that the Securities and Exchange Commission has declared effective the Registration Statement on Form S-4 previously filed by Caesars Entertainment on March 13, 2017, and amended on June 5, 2017 and June 20, 2017. Caesars Entertainment and Caesars Acquisition also announced that they have individually scheduled special meetings of Caesars Entertainment and Caesars Acquisition stockholders on July 25, 2017 in connection with the pending Merger. We are extending the closing date for this deal to July 31, 2017.

SVA 06/26/2017 Sinovac Limited and Sinovac Amalgamation Sub Limited (N/A) Cash $437.59 million $7.00 $6.84 28,123 12/31/2017 2.34% 5.24%
Sinovac Biotech Ltd. merger details:

Expected to close in the second half of 2017 for a closing valaue of $437.59 million. Upon completion of the merger, shareholders of Sinovac Biotech will receive $7.00 per share in cash.

Update(s)

July 1, 2017: Sinobioway Consortium raised its purchase price to $8 per share to acquire Sinovac Biotech (SVA).

Sinobioway Consortium raised its purchase price to $8 per share to acquire Sinovac Biotech (SVA).Sinobioway Consortium raised its purchase price to $8 per share to acquire Sinovac Biotech (SVA).

 

ANCB 04/11/2017 Washington Federal, Inc. (WAFD) Special Conditions $63.9 million $25.75 $25.20 900 09/30/2017 2.18% 11.22%
Anchor Bancorp merger details:

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

LVLT 10/31/2016 CenturyLink, Inc. (CTL) Cash Plus Stock $34 billion $60.05 $58.83 610,064 09/30/2017 2.07% 10.67%
Level 3 Communications, Inc. merger details:

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

Update(s)

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

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

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

July 10, 2017: The states of Alaska, Colorado, New York and Pennsylvania recently approved CenturyLink's (CTL) acquisition of Level 3 Communications (LVLT).

CUNB 04/06/2017 PacWest Bancorp (PACW) Cash Plus Stock $705 million $37.81 $37.05 59,742 12/31/2017 2.04% 4.58%
CU Bancorp merger details:

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

SCLN 06/08/2017 a consortium consisting of entities affiliated with GL Capital Management GP Limited, Bank of China Group Investment Limited, CDH Investments, Ascendent Capital Partners and Boying (N/A) Cash $605 million $11.18 $10.98 465,696 12/31/2017 1.87% 4.18%
SciClone Pharmaceuticals, Inc. merger details:

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

EGAS 10/11/2016 First Reserve Energy Infrastructure (N/A) Cash $196 million $13.10 $12.88 7,426 12/31/2017 1.75% 3.91%
Gas Natural Inc. merger details:

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

Update(s)

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

July 7, 2017: The end date for the merger of Gas Natural (EGAS) and First Reserve Energy has been extended to January 7, 2018, as the MPSC’s written order approving the Merger and NCUC’s approval are pending.

The end date for the merger of Gas Natural (EGAS) and First Reserve Energy has been extended to January 7, 2018, as the MPSC’s written order approving the Merger and NCUC’s approval are pending.The end date for the merger of Gas Natural (EGAS) and First Reserve Energy has been extended to January 7, 2018, as the MPSC’s written order approving the Merger and NCUC’s approval are pending.

 

RBPAA 01/30/2017 Bryn Mawr Bank Corporation (BMTC) Stock $127.7 million $4.27 $4.20 6,196 09/30/2017 1.71% 8.77%
Royal Bancshares of Pennsylvania, Inc. merger details:

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

Update(s)

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

FSBK 06/12/2017 Carolina Financial Corporation (CARO) Stock $162 million $17.60 $17.31 50,251 12/31/2017 1.66% 3.71%
First South Bancorp, Inc. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $162 million in an all stock deal. Under the terms of the merger agreement, First South shareholders will receive 0.52 shares of Carolina Financial common stock for each share of First South’s common stock.

CBF 05/04/2017 First Horizon National Corp. (FHN) Cash Plus Stock $2.2 billion $38.82 $38.25 139,177 12/31/2017 1.50% 3.36%
Capital Bank Financial Corp. merger details:

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

GLBL 03/07/2017 Brookfield Asset Management Inc. (BAM) Cash $1.3 billion $5.10 $5.03 126,488 12/31/2017 1.49% 3.34%
TerraForm Global, Inc. merger details:

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

PBNC 04/27/2017 TowneBank (TOWN) Stock $323.7 million $53.30 $52.53 9,176 12/31/2017 1.47% 3.29%
Paragon Commercial merger details:

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

SPLS 06/28/2017 Sycamore Partners (N/A) Cash $6.9 billion $10.25 $10.11 3,352,487 12/31/2017 1.43% 3.21%
Staples, Inc. merger details:

Expected to close no later than December, 2017 for a closing value of $6.9 billion. Upon completion of the merger, shareholders of Staples will receive $10.25 per share in cash.

SPA 07/07/2017 Ultra Electronics Holdings (N/A) Cash $308.13 million $23.50 $23.18 37,380 01/08/2018 1.38% 2.95%
Sparton Corporation merger details:

Expected to close no later than January 1, 2018 for a closing value of $308.13 million. Upon completion of the merger, shareholders of Sparton Corporation will receive $23.50 per share in cash.

MRVC 07/02/2017 ADVA Optical Networking (N/A) Cash $50.57 million $10.00 $9.86 4,933 09/30/2017 1.37% 7.05%
MRV Communications, Inc. merger details:

Expected to close by August or September 2017 for a closing value of $50.57 million. Upon completion of the merger, shareholders of MRV Communications will receive $10.00 per share in cash.

WFBI 05/16/2017 Sandy Spring Bancorp, Inc. (SASR) Stock $489 million $34.71 $34.25 9,593 12/31/2017 1.35% 3.02%
WashingtonFirst Bankshares, Inc. merger details:

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

BCR 04/23/2017 Becton, Dickinson and Company (BDX) Cash Plus Stock $24 billion $326.33 $322.06 177,100 11/30/2017 1.33% 3.66%
C. R. Bard, Inc. merger details:

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

OKSB 12/14/2016 Simmons First National Corporation (SFNC) Cash Plus Stock $564.4 million $26.09 $25.75 97,433 09/30/2017 1.32% 6.76%
Southwest Bancorp, Inc. merger details:

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

Update(s)

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

GSOL 05/23/2017 Expo Holdings I Ltd. (N/A) Cash N/A $20.00 $19.75 26,738 12/31/2017 1.27% 2.83%
Global Sources Ltd. merger details:

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

Update(s)

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

DDC 07/17/2017 The Washington Companies (N/A) Cash $1.2 billion $14.25 $14.08 242,900 12/31/2017 1.21% 2.70%
Dominion Diamond Corporation merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $1.2 billion. Upon completion of the merger, shareholders of Dominion Diamond Corporation will receive $14.25 per share in cash.

ASBB 05/01/2017 First Bancorp (FBNC) Stock $175 million $44.52 $44.00 2,396 12/31/2017 1.19% 2.67%
ASB Bancorp, Inc. merger details:

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

AKRX 04/24/2017 Fresenius Kabi (N/A) Cash $4.75 billion $34.00 $33.61 2,411,167 03/31/2018 1.16% 1.67%
Akorn, Inc. merger details:

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

WBKC 06/14/2017 Horizon Bancorp (HBNC) Cash Plus Stock $88.9 million $40.71 $40.25 2,096 10/31/2017 1.15% 4.10%
Wolverine Bancorp, Inc. merger details:

Expected to close late in the third quarter or early in the fourth quarter of 2017 for a closing value of $88.9 million in a cash plus stock deal. Under the terms of the merger agreement, shareholders of Wolverine will receive 1.0152 shares of Horizon common stock and $14.00 in cash for each share of Wolverine common stock.

ALR 02/01/2016 Abbott Laboratories (ABT) Cash $5.3 billion $51.00 $50.43 601,144 09/30/2017 1.13% 5.81%
Alere Inc. merger details:

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

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

Update(s)

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

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

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

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

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

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

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

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

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

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

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

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

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

July 8, 2017: Alere (ALR) announced that its shareholders have voted to approve the previously announced amended merger with Abbott (ABT).

BRCD 11/02/2016 Broadcom Limited (AVGO) Cash $5.5 billion $12.75 $12.63 3,192,910 10/28/2017 0.99% 3.65%
Brocade Communications Systems, Inc. merger details:

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

Update(s)

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

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

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

July 3, 2017: The Federal Trade Commission announced that Broadcom Limited (AVGO) has won U.S. antitrust approval to buy Brocade Communications Systems (BRCD).

July 17, 2017: Following discussions with the Committee on Foreign Investment in the United States (CFIUS), Brocade Communications Systems (BRCD) and Broadcom Limited (AVGO) agreed to withdraw and re-file their joint voluntary notice to CFIUS under the Defense Production Act of 1950, as amended, to allow more time for review and discussion with CFIUS in connection with the proposed acquisition. Once CFIUS accepts the joint voluntary notice, it will commence a new 30-day review period, which may be followed by a 45-day investigation period.

PSTB 04/27/2017 South State Corporation (SSB) Stock $690.8 million $11.68 $11.58 129,078 12/31/2017 0.93% 2.09%
Park Sterling Corporation merger details:

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

DFT 06/09/2017 Digital Realty Trust, Inc. (DLR) Stock $7.6 billion $61.15 $60.60 223,988 12/31/2017 0.91% 2.03%
DuPont Fabros Technology, Inc. merger details:

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

WMAR 06/29/2017 a wholly owned affiliate of Monomoy Capital Partners (N/A) Cash $258 million $12.97 $12.86 44,331 09/30/2017 0.89% 4.60%
West Marine, Inc. merger details:

Expected to close in the third quarter of 2017 for a closing value of $258 million. Upon completion of the merger, shareholders of West Marine will receive $12.97 per share in cash.

SEV 07/17/2017 BorgWarner (N/A) Cash $200 million $22.00 $21.81 100 12/31/2017 0.88% 1.97%
Sevcon, Inc. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $200 million. Upon completion of the merger, shareholders of Sevcon will receive $22.00 per share in cash.

FIG 02/14/2017 SoftBank Group Corp. (SFTBY) Cash $3.3 billion $8.08 $8.01 179,532 12/31/2017 0.87% 1.96%
Fortress Investment Group LLC merger details:

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

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

Update(s)

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

July 12, 2017: Fortress Investment Group (FIG) announced that, at its special meeting of shareholder, the Company’s shareholders had voted, among other things, in favor of the proposal to adopt the previously announced merger agreement pursuant to which certain subsidiaries of SoftBank Group will acquire Fortress. 

MYCC 07/10/2017 Certain Investment Funds Affiliated with Apollo Global Management (N/A) Cash $1.1 billion $17.12 $16.98 388,706 12/31/2017 0.85% 1.91%
ClubCorp Holdings, Inc. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $1.1 billion. Upon completion of the merger, shareholders of ClubCorp Holdings will receive $17.12 per share in cash. The ClubCorp Board of Directors also declared a one-time quarterly dividend of $0.13 per share of common stock. The dividend is expected to be paid on July 28, 2017, to shareholders of record at the close of business on July 21, 2017.

DGI 02/24/2017 MacDonald, Dettwiler and Associates Ltd. (MDA.TO) Cash Plus Stock $3.6 billion $33.83 $33.55 118,538 12/31/2017 0.83% 1.85%
DigitalGlobe, Inc. merger details:

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

VWR 05/05/2017 Avantor (N/A) Cash $6.4 billion $33.25 $32.98 76,730 09/30/2017 0.82% 4.21%
VWR Corporation merger details:

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

WSTC 05/09/2017 affiliates of certain funds managed by affiliates of Apollo Global Management, LLC (APO) Cash $5.1 billion $23.50 $23.32 139,024 12/31/2017 0.77% 1.73%
West Corporation merger details:

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

RATE 07/03/2017 Red Ventures (N/A) Cash $1.4 billion $14.00 $13.90 469,180 12/31/2017 0.72% 1.61%
Bankrate, Inc. merger details:

Expected to close in 2017 for a closing value of $1.4 billion. Upon completion of the merger, shareholders of Bankrate will receive $14.00 per share in cash.

ARIS 06/21/2017 True Wind Capital Management, LLC (N/A) Cash $140 million $7.10 $7.05 14,302 09/30/2017 0.71% 3.65%
ARI Network Services, Inc. merger details:

Expected to close in the third quarter of 2017 for a closing value of $140 million. Upon completion of the merger, shareholders of ARI Network Services will receive $7.19 per share in cash.

PRXL 06/20/2017 Pamplona Capital Management, LLP (N/A) Cash $5 billion $88.10 $87.49 322,494 10/31/2017 0.70% 2.49%
PAREXEL International Corporation merger details:

Expected to close early in the fourth quarter of 2017 for a closing value of $5 billion. Upon completion of the merger, shareholders of PARAXEL International will receive $88.10 per share in cash.

WOOF 01/07/2017 Mars, Incorporated (N/A) Cash $9.1 billion $93.00 $92.47 102,051 09/30/2017 0.57% 2.95%
VCA Inc. merger details:

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

Update(s)

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

AVA 07/19/2017 Hydro One Limited (N/A) Cash $5.3 billion $53.00 $52.70 1,393,626 12/31/2018 0.56% 0.39%
Avista Corporation merger details:

Expected to close in the second half of 2018 for a closing value of $5.3 billion. Upon completion of the merger, shareholders of Avista will receive $53 per share in cash.

SWFT 04/10/2017 Knight Transportation, Inc. (KNX) Stock $3.24 bilion $25.61 $25.48 443,518 09/30/2017 0.53% 2.70%
Swift Transportation Company merger details:

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

 

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

NSR 12/14/2016 private investment group led by Golden Gate Capital (N/A) Cash $2.9 billion $33.50 $33.33 98,290 09/30/2017 0.53% 2.70%
NeuStar, Inc. merger details:

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

Update(s)

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

MORE 07/05/2017 Greystar Growth and Income Fund (N/A) Cash $3 billion $12.00 $11.94 929,601 12/31/2017 0.50% 1.13%
Monogram Residential Trust, Inc. merger details:

Expected to close in the second half of 2017 for a closing value of $3 billion. Upon completion of the merger, shareholders of Monogram Residential Trust will receive $12.00 per share in cash.

LMOS 02/20/2017 EQT Infrastructure investment strategy (N/A) Cash $950 million $18.00 $17.91 35,764 09/30/2017 0.50% 2.58%
Lumos Networks Corp. merger details:

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

Update(s)

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

PKY 06/30/2017 Canada Pension Plan Investment Board (N/A) Cash $1.2 billion $23.05 $22.94 125,507 12/31/2017 0.48% 1.07%
Parkway, Inc. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $1.2 billion. Upon completion of the merger, shareholders of  Parkway will receive $23.05 per share in cash. The $23.05 per share consideration, which consists of $19.05 per share plus a $4.00 special dividend to be paid prior to closing.

The $23.05 per share consideration, which consists of $19.05 per share plus a $4.00 special dividend to be paid prior to closing.The $23.05 per share consideration, which consists of $19.05 per share plus a $4.00 special dividend to be paid prior to closing.

 

WFM 06/16/2017 Amazon.com, Inc. (AMZN) Cash $13.7 billion $42.00 $41.81 4,062,294 12/31/2017 0.45% 1.02%
Whole Foods Market, Inc. merger details:

Expected to close in the second half of 2017 for a closing value of $13.7 billion. Upon completion of the merger, shareholders of Whole Foods Market will receive $42.00 per share in cash.

NEFF 07/14/2017 H&E Equipment Services, Inc. (HEES) Cash $1.2 billion $21.07 $20.98 39,728 10/31/2017 0.45% 1.62%
Neff Corporation merger details:

Expected to close in the late third quarter or early fourth quarter of 2017 for a closing value of $1.2 billion. Upon completion of the merger, shareholders of Neff Corporation will receive $21.07 per share in cash. The per share merger consideration payable to Neff stockholders is subject to certain downward adjustments, not to exceed $0.44 per share, in the event that H&E incurs certain increased financing costs due to the transaction not being consummated on or prior to January 14, 2018.

AF 03/07/2017 Sterling Bancorp (STL) Stock $2.2 billion $19.69 $19.61 191,252 12/31/2017 0.40% 0.88%
Astoria Financial Corporation merger details:

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

fixed exchange of 0.875 shares of Sterling common stock for each share of Astoria common stock.fixed exchange of 0.875 shares of Sterling common stock for each share of Astoria common stock.

 

NCIT 07/03/2017 by private funds managed by an affiliate of H.I.G. Capital, LLC (N/A) Cash $190.44 million $20.00 $19.93 48,522 09/30/2017 0.38% 1.94%
NCI, Inc. merger details:

Expected to close in the third quarter of 2017 for a closing value of $190.44 million. Upon completion of the merger, shareholders of NCI will receive $20.00 per share in cash.

NUTR 05/22/2017 an affiliate of HGGC (N/A) Cash $446 million $41.80 $41.65 13,967 12/31/2017 0.36% 0.81%
Nutraceutical International Corporation merger details:

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

UCP 04/11/2017 Century Communities, Inc. (CCS) Cash Plus Stock $336 million $11.29 $11.25 11,067 09/30/2017 0.34% 1.77%
UCP, Inc. merger details:

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

XTLY 05/30/2017 Vista Equity Partners (N/A) Cash $354.28 million $15.65 $15.60 69,227 09/30/2017 0.32% 1.65%
Xactly Corporation merger details:

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

HSNI 07/06/2017 Liberty Interactive Corporation (QVCA) Stock $2.6 billion $39.62 $39.50 201,560 12/31/2017 0.29% 0.66%
HSN, Inc. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $2.6 billion in an all stock deal. Under the terms of the agreement, HSNi shareholders will receive fixed consideration of 1.65 shares of Series A QVC Group common stock for every share of HSNi common stock.

MBLY 03/13/2017 Intel Corporation (INTC) Cash $14.7 billion $63.54 $63.38 1,425,930 12/31/2017 0.25% 0.57%
Mobileye N.V. merger details:

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

PCBK 01/09/2017 Columbia Banking System, Inc. (COLB) Stock $644.1 million $25.21 $25.15 39,351 07/31/2017 0.25% 9.00%
Pacific Continental Corporation merger details:

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

Update(s)

June 8, 2017: Columbia Banking System (COLB) and Pacific Continental Corporation (PCBK) jointly announced that Pacific Continental shareholders approved the completion of the previously announced merger with Columbia, under which Columbia will acquire Pacific Continental, and Columbia shareholders approved the issuance of Columbia common shares in the merger, at their respective special meetings of shareholders.

NXPI 10/27/2016 QUALCOMM Incorporated (QCOM) Cash $38 billion $110.00 $109.78 664,861 12/31/2017 0.20% 0.46%
NXP Semiconductors NV merger details:

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

Update(s)

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

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

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

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

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

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

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

July 3, 2017: The European Commission decided to pause its antitrust review of the merger between Qualcomm (QCOM) and NXP Semiconductors (NXPI), because the regulators need more information from NXP and Qualcomm.

SPNC 06/28/2017 Philips (PHG) Cash $2.2 billion $38.50 $38.43 277,142 09/30/2017 0.20% 1.00%
The Spectranetics Corporation merger details:

Expected to close in the third quarter of 2017 for a closing value of $2.2 billion. Upon completion of the merger, shareholders of The Spectranetics Corporation will receive $38.50 per share in cash.

AMRI 06/06/2017 affiliates of The Carlyle Group and GTCR LLC (N/A) Cash $1.49 billion $21.75 $21.71 202,773 09/30/2017 0.18% 0.95%
Albany Molecular Research, Inc. merger details:

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

PTHN 05/15/2017 Thermo Fisher Scientific Inc. (TMO) Cash $7.2 billion $35.00 $34.94 18,509 12/31/2017 0.17% 0.38%
Patheon N.V. merger details:

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

NVDQ 06/19/2017 Stryker Corporation (SYK) Cash $701 million $11.75 $11.73 183,038 09/30/2017 0.17% 0.88%
Novadaq Technologies Inc. merger details:

Expected to close for a closing value of $701 million. Upon completion of the merger, shareholders of Novadaq Technologies will receive $11.75 per share in cash.

SNOW 04/10/2017 An entity controlled by affiliates of the Aspen Skiing Compan and KSL Capital Partners (N/A) Cash $1.5 billion $23.75 $23.71 52,754 09/30/2017 0.17% 0.87%
Intrawest Resorts Holdings, Inc. merger details:

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

FPO 06/28/2017 Government Properties Income Trust (GOV) Cash $1.4 billion $11.15 $11.14 522,872 12/31/2017 0.09% 0.20%
First Potomac Realty Trust merger details:

Expected to close prior to year end 2017 for a closing value of $1.4 billion. Upon completion of the merger, shareholders of First Potomac Realty Trust will receive $11.15 per share in cash.

NAME 06/14/2017 Donuts Inc. (N/A) Cash $213 million $10.60 $10.60 13,648 09/30/2017 0.00% 0.00%
Rightside Group, Ltd. merger details:

Expected to close in the third quarter of 2017 for a closing value of $213 million. Upon completion of the merger, sharholders of Rightside Group will receive $10.60 per share in cash.

Update(s)

July 7, 2017: Rightside Group (NAME) and Donuts announced that the waiting period was terminated early by the U.S. Federal Trade Commission on July 6, 2017 under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The tender offer is scheduled to expire  on July 26, 2017, unless extended in accordance with applicable SEC rules and the terms of the merger agreement among Donuts and Rightside.

Rightside Group (NAME) and Donuts announced that the waiting period was terminated early by the U.S. Federal Trade Commission on July 6, 2017 under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The tender offer is scheduled to expire  on July 26, 2017, unless extended in accordance with applicable SEC rules and the terms of the merger agreement among Donuts and Rightside.Rightside Group (NAME) and Donuts announced that the waiting period was terminated early by the U.S. Federal Trade Commission on July 6, 2017 under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The tender offer is scheduled to expire  on July 26, 2017, unless extended in accordance with applicable SEC rules and the terms of the merger agreement among Donuts and Rightside.

 

AIQ 04/11/2017 Tahoe Investment Group Co., Ltd. (N/A) Cash $682 million $13.25 $13.25 15,409 09/30/2017 0.00% 0.00%
Alliance Healthcare Services, Inc. merger details:

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

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

NVET 04/13/2017 Zoetis Inc. (ZTS) Cash $26.93 million $6.72 $6.72 6 12/31/2017 0.00% 0.00%
Nexvet Biopharma Public Limited Company merger details:

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

COVS 06/05/2017 Open Text Corporation (OTEX) Cash $103 million $2.45 $2.45 36,540 09/30/2017 0.00% 0.00%
Covisint Corporation merger details:

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

ENOC 06/22/2017 Enel Green Power North America, Inc. (N/A) Cash $300 million $7.67 $7.68 144,761 09/30/2017 -0.07% -0.33%
EnerNOC, Inc. merger details:

Expected to close in the third quarter of 2017 for a closing value of $300 million. Upon completion of the merger, shareholders of EnerNOC will receive $7.67 per share in cash.

FGL 05/24/2017 CF Corporation (CFCO) Cash $1.835 billion $31.10 $31.15 574,967 12/31/2017 -0.16% -0.36%
Fidelity & Guaranty Life merger details:

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

HNH 06/26/2017 Steel Partners Holdings L.P. (SPLP-PA) Stock $693.48 million $32.80 $32.85 93 12/31/2017 -0.16% -0.37%
Handy & Harman Ltd. merger details:

Expected to close in the second half of 2017 for a closing value of $693.48 million. Under the agreement, Steel Partners will commence an exchange offer to acquire all the outstanding shares of Handy & Harman’s common stock for 1.484 Series A preferred units of Steel Partners for each Handy & Harman share tendered.

OB 05/02/2017 Intact Financial Corporation (N/A) Cash $1.7 billion $18.10 $18.19 54,789 12/31/2017 -0.49% -1.11%
OneBeacon Insurance Group, Ltd. merger details:

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

DGAS 02/21/2017 Peoples Natural Gas (N/A) Cash $227 million $30.50 $30.67 8,167 12/31/2017 -0.55% -1.24%
Delta Natural Gas Company, Inc. merger details:

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

VTTI 05/08/2017 VTTI B.V. (N/A) Cash $1.59 billion $19.50 $19.65 48,385 09/30/2017 -0.76% -3.92%
VTTI ENERGY PARTNERS LP merger details:

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

NORD 04/25/2017 Canada Pension Plan Investment Board and Baring Private Equity Asia (N/A) Cash $4.3 billion $32.50 $33.06 268,790 08/31/2017 -1.68% -14.95%
NORD ANGLIA EDUCATION, INC. merger details:

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

FUEL 07/18/2017 Sizmek Inc. (N/A) Cash $145 million $2.60 $2.66 404,113 09/30/2017 -2.26% -11.60%
Rocket Fuel Inc. merger details:

Expected to close in the third quarter of 2017 for a closing value of $145 million. Upon completion of the merger, shareholders of Rocket Fuel will receive $2.6 per share in cash.

ZPIN 04/06/2017 SEEK International Investments Pty Ltd. (N/A) Cash $678.59 million $18.20 $18.84 1,751 12/31/2017 -3.66% -8.20%
Zhaopin Limited merger details:

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

GNCMA 04/04/2017 Liberty Ventures (LVNTA) Special Conditions $2.68 billion $32.50 $39.37 941,518 07/31/2017 -17.45% -636.92%
General Communication, Inc. merger details:

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

Update(s)

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

INNL 04/04/2017 Gurnet Point L.P. (N/A) Special Conditions $209 million $1.75 $2.28 149,891 07/31/2017 -23.25% -848.46%
Innocoll Holdings plc merger details:

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

RAI 01/17/2017 British American Tobacco p.l.c. (BTI) Cash Plus Stock $49.4 billion $48.11 $66.68 6,408,704 07/25/2017 -27.85% -2541.57%
Reynolds American Inc. merger details:

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

Update(s)

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

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

July 19, 2017: Reynolds American (RAI) announced that at the company’s special meeting of shareholders today, RAI shareholders approved three proposals related to British American Tobacco (BTI) proposed acquisition of RAI. Subject to the satisfaction or waiver of the remaining conditions set out in the merger agreement, the transaction is expected to close on or about July 25, 2017.

Reynolds American (RAI) and British American Tobacco (BAT) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 relating to BAT’s proposed acquisition of RAI has expired without a request for additional information by the U.S. Department of Justice or the Federal Trade Commission. The expiration of the Act’s waiting period satisfies the transaction closing condition related to U.S. antitrust approval. The transaction still requires approval by RAI and BAT shareholders and regulatory clearance from Japan, and is subject to the satisfaction or waiver of the other closing conditions specified in the merger agreement.
Both companies continue to expect the transaction to close in the third quarter of 2017.Reynolds American (RAI) and British American Tobacco (BAT) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 relating to BAT’s proposed acquisition of RAI has expired without a request for additional information by the U.S. Department of Justice or the Federal Trade Commission. The expiration of the Act’s waiting period satisfies the transaction closing condition related to U.S. antitrust approval. The transaction still requires approval by RAI and BAT shareholders and regulatory clearance from Japan, and is subject to the satisfaction or waiver of the other closing conditions specified in the merger agreement.Both companies continue to expect the transaction to close in the third quarter of 2017.
ANGI 05/02/2017 IAC/InterActiveCorp (IAC) Special Conditions $331.67 million $8.50 $12.59 75,017 12/31/2017 -32.49% -72.74%
Angie's List, Inc. merger details:

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

Note: You can sort this table by Profit, Annualized Profit and Closing Date. Desktop Version

  Symbol Clo. Date Profit Annu. Profit
GNW 07/31/2017 55.59% 2028.94%
Genworth Financial, Inc. merger details:

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

Update(s)

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

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

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

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

July 13, 2017: Genworth Financial (GNW) and China Oceanwide Holdings Group reported that they have withdrawn and re-filed their joint voluntary notice with the Committee on Foreign Investment in the United States (CFIUS) a second time to provide CFIUS more time to review and discuss the proposed transaction between Genworth and Oceanwide.

DEST 10/31/2017 33.55% 120.04%
Destination Maternity Corporation merger details:

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

LSCC 09/30/2017 23.88% 122.77%
Lattice Semiconductor Corporation merger details:

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

Update(s)

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

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

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

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

June 9, 2017: Lattice Semiconductor Corporation Canyon Bridge Acquisition Company and Canyon Bridge Merger Sub entered into an amendment to the Agreement and Plan of Merger pursuant to which the parties agreed to withdraw and re-file their joint voluntary notice to the Committee on Foreign Investment in the United States (CFIUS) under the Defense Production Act of 1950, as amended, to allow more time for review and discussion with CFIUS in connection with the proposed merger between Lattice and Canyon Bridge Merger Sub and agreed to extend the outside date after which the Merger Agreement may be terminated by either Lattice or Canyon Bridge if the Merger has not become effective to September 30, 2017, subject to adjustment as described in the Merger Agreement. We have extended the closing date for this deal to September 30, 2017.

Lattice Semiconductor Corporation (LSCC) announced that under the HSR Act and the rules promulgated thereunder, certain transactions exceeding the applicable thresholds require notification to the FTC and DOJ and expiration or termination of the applicable waiting period before the transaction can be consummated, unless an exemption applies.
Parent or Merger Sub, on the one hand, and the Company, on the other hand, filed with the FTC and the DOJ on December 9, 2016 a Notification and Report Form relating to the Merger Agreement and the transactions contemplated hereby as required by the HSR Act. Under the HSR Act, the Merger may not be consummated until expiration or early termination of a 30-day waiting period, which will expire on January 9, 2017.Lattice Semiconductor Corporation (LSCC) announced that under the HSR Act and the rules promulgated thereunder, certain transactions exceeding the applicable thresholds require notification to the FTC and DOJ and expiration or termination of the applicable waiting period before the transaction can be consummated, unless an exemption applies.Parent or Merger Sub, on the one hand, and the Company, on the other hand, filed with the FTC and the DOJ on December 9, 2016 a Notification and Report Form relating to the Merger Agreement and the transactions contemplated hereby as required by the HSR Act. Under the HSR Act, the Merger may not be consummated until expiration or early termination of a 30-day waiting period, which will expire on January 9, 2017.
ATW 09/30/2017 9.16% 47.06%
Atwood Oceanics, Inc. merger details:

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

MON 12/31/2017 9.00% 20.16%
Monsanto Company merger details:

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

Update(s)

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

June 12, 2017: BASF SE (BASFY) and Syngenta AG (SYT) are among companies that have submitted preliminary bids for assets that Bayer AG (BAYRY) plans to sell in order to get regulatory approval for its $66 billion takeover of Monsanto (MON).

TWX 12/31/2017 8.17% 18.30%
Time Warner Inc. merger details:

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

Update(s)

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

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

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

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

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

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

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

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

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

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

MGI 12/31/2017 7.16% 16.03%
MoneyGram International, Inc. merger details:

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

Update(s)

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

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

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

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

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

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

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

July 12, 2017: Ant Financial and MoneyGram (MGI) refiled their deal for U.S. approval after they were unable to secure clearance from CFIUS within the maximum time of 75 days that is awarded for assessing applications.

HUN 12/31/2017 6.55% 14.67%
Huntsman Corporation merger details:

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

Huntsman shareholders receive 1.2196 shares in HuntsmanClariant for each Huntsman share (each existing Clariant share will remain outstanding as a share in HuntsmanClariant)Huntsman shareholders receive 1.2196 shares in HuntsmanClariant for each Huntsman share (each existing Clariant share will remain outstanding as a share in HuntsmanClariant).

 

FCH 12/31/2017 5.65% 12.65%
FelCor Lodging Trust Incorporated merger details:

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

Update(s)

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

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

 

CAB 09/30/2017 5.56% 28.59%
Cabelas Incorporated merger details:

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

Update(s)

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

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

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

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

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

July 5, 2017: U.S. antitrust regulators ended their investigation into Bass Pro Shops' $4 billion deal to buy Cabela’s (CAB).

July 11, 2017: Shareholders of Cabela's (CAB) agreed to be acquired by Bass Pro Shops for $5 billion.

SGBK 12/31/2017 5.49% 12.29%
Stonegate Bank merger details:

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

XCRA 12/31/2017 5.07% 11.36%
Xcerra Corporation merger details:

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

HCOM 12/31/2018 4.60% 3.18%
Hawaiian Telcom Holdco, Inc. merger details:

Expected to close in the second half of 2018 for a closing value of $650 million in a cash plus stock deal. Under the agreement, Hawaiian Telcom stockholders will have the option to elect either $30.75 in cash, 1.6305 shares of Cincinnati Bell common stock, or a mix of $18.45 in cash and 0.6522 shares of Cincinnati Bell common stock for each share of Hawaiian Telcom, subject to proration such that the aggregate consideration to be paid to Hawaiian Telcom stockholders will be 60 percent cash and 40 percent Cincinnati Bell common stock.

RICE 12/31/2017 4.58% 10.25%
Rice Energy Inc. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $8.2 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of Rice Energy will receive 0.37 shares of EQT common stock and $5.30 in cash per share of Rice common stock.

AMFW 12/31/2017 4.29% 9.61%
Amec Foster Wheeler plc merger details:

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

WGL 06/30/2018 3.82% 4.06%
WGL Holdings, Inc. merger details:

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

TRCO 12/31/2017 3.26% 7.29%
Tribune Media Company merger details:

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

Update(s)

June 15, 2017: Tribune (TRCO) shares were up sharply following a federal court ruling that greatly improves chances that the broadcast chain's suitor, Sinclair Broadcast Group (SBGI), would be allowed to go through with their planned merger.

CCP 09/30/2017 3.03% 15.57%
Care Capital Properties, Inc. merger details:

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

SNBC 01/31/2018 3.01% 5.66%
Sun Bancorp, Inc. merger details:

Expected to close early in the first quarter of 2018 for a closing value of $640.73 million in a cash plus stock deal. Under the terms of the agreement, Sun shareholders will receive 0.7884 shares of OceanFirst common stock and $3.78 in cash per share of Sun common stock. Sun shareholders will have the right to elect to receive stock or cash consideration for their shares, subject to proration, and the merger agreement will include a mechanic whereby the per share cash consideration and the implied value of the stock consideration will be equivalent based on the average OceanFirst share price over the five trading day period ending on the trading day immediately prior to the closing date.

XBKS 01/15/2018 2.80% 5.74%
Xenith Bankshares, Inc. merger details:

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

STRP 03/15/2018 2.52% 3.88%
Straight Path Communications Inc. merger details:

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

CACQ 07/31/2017 2.35% 85.74%
Caesars Acquisition Company merger details:

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

Update(s)

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

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

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

June 23, 2017:  Caesars Entertainment Corporation (CZR) and Caesars Acquisition Company (CACQ) announced that the Securities and Exchange Commission has declared effective the Registration Statement on Form S-4 previously filed by Caesars Entertainment on March 13, 2017, and amended on June 5, 2017 and June 20, 2017. Caesars Entertainment and Caesars Acquisition also announced that they have individually scheduled special meetings of Caesars Entertainment and Caesars Acquisition stockholders on July 25, 2017 in connection with the pending Merger. We are extending the closing date for this deal to July 31, 2017.

SVA 12/31/2017 2.34% 5.24%
Sinovac Biotech Ltd. merger details:

Expected to close in the second half of 2017 for a closing valaue of $437.59 million. Upon completion of the merger, shareholders of Sinovac Biotech will receive $7.00 per share in cash.

Update(s)

July 1, 2017: Sinobioway Consortium raised its purchase price to $8 per share to acquire Sinovac Biotech (SVA).

Sinobioway Consortium raised its purchase price to $8 per share to acquire Sinovac Biotech (SVA).Sinobioway Consortium raised its purchase price to $8 per share to acquire Sinovac Biotech (SVA).

 

ANCB 09/30/2017 2.18% 11.22%
Anchor Bancorp merger details:

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

LVLT 09/30/2017 2.07% 10.67%
Level 3 Communications, Inc. merger details:

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

Update(s)

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

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

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

July 10, 2017: The states of Alaska, Colorado, New York and Pennsylvania recently approved CenturyLink's (CTL) acquisition of Level 3 Communications (LVLT).

CUNB 12/31/2017 2.04% 4.58%
CU Bancorp merger details:

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

SCLN 12/31/2017 1.87% 4.18%
SciClone Pharmaceuticals, Inc. merger details:

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

EGAS 12/31/2017 1.75% 3.91%
Gas Natural Inc. merger details:

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

Update(s)

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

July 7, 2017: The end date for the merger of Gas Natural (EGAS) and First Reserve Energy has been extended to January 7, 2018, as the MPSC’s written order approving the Merger and NCUC’s approval are pending.

The end date for the merger of Gas Natural (EGAS) and First Reserve Energy has been extended to January 7, 2018, as the MPSC’s written order approving the Merger and NCUC’s approval are pending.The end date for the merger of Gas Natural (EGAS) and First Reserve Energy has been extended to January 7, 2018, as the MPSC’s written order approving the Merger and NCUC’s approval are pending.

 

RBPAA 09/30/2017 1.71% 8.77%
Royal Bancshares of Pennsylvania, Inc. merger details:

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

Update(s)

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

FSBK 12/31/2017 1.66% 3.71%
First South Bancorp, Inc. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $162 million in an all stock deal. Under the terms of the merger agreement, First South shareholders will receive 0.52 shares of Carolina Financial common stock for each share of First South’s common stock.

CBF 12/31/2017 1.50% 3.36%
Capital Bank Financial Corp. merger details:

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

GLBL 12/31/2017 1.49% 3.34%
TerraForm Global, Inc. merger details:

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

PBNC 12/31/2017 1.47% 3.29%
Paragon Commercial merger details:

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

SPLS 12/31/2017 1.43% 3.21%
Staples, Inc. merger details:

Expected to close no later than December, 2017 for a closing value of $6.9 billion. Upon completion of the merger, shareholders of Staples will receive $10.25 per share in cash.

SPA 01/08/2018 1.38% 2.95%
Sparton Corporation merger details:

Expected to close no later than January 1, 2018 for a closing value of $308.13 million. Upon completion of the merger, shareholders of Sparton Corporation will receive $23.50 per share in cash.

MRVC 09/30/2017 1.37% 7.05%
MRV Communications, Inc. merger details:

Expected to close by August or September 2017 for a closing value of $50.57 million. Upon completion of the merger, shareholders of MRV Communications will receive $10.00 per share in cash.

WFBI 12/31/2017 1.35% 3.02%
WashingtonFirst Bankshares, Inc. merger details:

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

BCR 11/30/2017 1.33% 3.66%
C. R. Bard, Inc. merger details:

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

OKSB 09/30/2017 1.32% 6.76%
Southwest Bancorp, Inc. merger details:

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

Update(s)

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

GSOL 12/31/2017 1.27% 2.83%
Global Sources Ltd. merger details:

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

Update(s)

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

DDC 12/31/2017 1.21% 2.70%
Dominion Diamond Corporation merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $1.2 billion. Upon completion of the merger, shareholders of Dominion Diamond Corporation will receive $14.25 per share in cash.

ASBB 12/31/2017 1.19% 2.67%
ASB Bancorp, Inc. merger details:

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

AKRX 03/31/2018 1.16% 1.67%
Akorn, Inc. merger details:

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

WBKC 10/31/2017 1.15% 4.10%
Wolverine Bancorp, Inc. merger details:

Expected to close late in the third quarter or early in the fourth quarter of 2017 for a closing value of $88.9 million in a cash plus stock deal. Under the terms of the merger agreement, shareholders of Wolverine will receive 1.0152 shares of Horizon common stock and $14.00 in cash for each share of Wolverine common stock.

ALR 09/30/2017 1.13% 5.81%
Alere Inc. merger details:

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

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

Update(s)

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

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

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

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

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

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

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

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

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

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

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

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

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

July 8, 2017: Alere (ALR) announced that its shareholders have voted to approve the previously announced amended merger with Abbott (ABT).

BRCD 10/28/2017 0.99% 3.65%
Brocade Communications Systems, Inc. merger details:

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

Update(s)

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

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

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

July 3, 2017: The Federal Trade Commission announced that Broadcom Limited (AVGO) has won U.S. antitrust approval to buy Brocade Communications Systems (BRCD).

July 17, 2017: Following discussions with the Committee on Foreign Investment in the United States (CFIUS), Brocade Communications Systems (BRCD) and Broadcom Limited (AVGO) agreed to withdraw and re-file their joint voluntary notice to CFIUS under the Defense Production Act of 1950, as amended, to allow more time for review and discussion with CFIUS in connection with the proposed acquisition. Once CFIUS accepts the joint voluntary notice, it will commence a new 30-day review period, which may be followed by a 45-day investigation period.

PSTB 12/31/2017 0.93% 2.09%
Park Sterling Corporation merger details:

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

DFT 12/31/2017 0.91% 2.03%
DuPont Fabros Technology, Inc. merger details:

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

WMAR 09/30/2017 0.89% 4.60%
West Marine, Inc. merger details:

Expected to close in the third quarter of 2017 for a closing value of $258 million. Upon completion of the merger, shareholders of West Marine will receive $12.97 per share in cash.

SEV 12/31/2017 0.88% 1.97%
Sevcon, Inc. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $200 million. Upon completion of the merger, shareholders of Sevcon will receive $22.00 per share in cash.

FIG 12/31/2017 0.87% 1.96%
Fortress Investment Group LLC merger details:

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

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

Update(s)

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

July 12, 2017: Fortress Investment Group (FIG) announced that, at its special meeting of shareholder, the Company’s shareholders had voted, among other things, in favor of the proposal to adopt the previously announced merger agreement pursuant to which certain subsidiaries of SoftBank Group will acquire Fortress. 

MYCC 12/31/2017 0.85% 1.91%
ClubCorp Holdings, Inc. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $1.1 billion. Upon completion of the merger, shareholders of ClubCorp Holdings will receive $17.12 per share in cash. The ClubCorp Board of Directors also declared a one-time quarterly dividend of $0.13 per share of common stock. The dividend is expected to be paid on July 28, 2017, to shareholders of record at the close of business on July 21, 2017.

DGI 12/31/2017 0.83% 1.85%
DigitalGlobe, Inc. merger details:

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

VWR 09/30/2017 0.82% 4.21%
VWR Corporation merger details:

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

WSTC 12/31/2017 0.77% 1.73%
West Corporation merger details:

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

RATE 12/31/2017 0.72% 1.61%
Bankrate, Inc. merger details:

Expected to close in 2017 for a closing value of $1.4 billion. Upon completion of the merger, shareholders of Bankrate will receive $14.00 per share in cash.

ARIS 09/30/2017 0.71% 3.65%
ARI Network Services, Inc. merger details:

Expected to close in the third quarter of 2017 for a closing value of $140 million. Upon completion of the merger, shareholders of ARI Network Services will receive $7.19 per share in cash.

PRXL 10/31/2017 0.70% 2.49%
PAREXEL International Corporation merger details:

Expected to close early in the fourth quarter of 2017 for a closing value of $5 billion. Upon completion of the merger, shareholders of PARAXEL International will receive $88.10 per share in cash.

WOOF 09/30/2017 0.57% 2.95%
VCA Inc. merger details:

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

Update(s)

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

AVA 12/31/2018 0.56% 0.39%
Avista Corporation merger details:

Expected to close in the second half of 2018 for a closing value of $5.3 billion. Upon completion of the merger, shareholders of Avista will receive $53 per share in cash.

SWFT 09/30/2017 0.53% 2.70%
Swift Transportation Company merger details:

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

 

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

NSR 09/30/2017 0.53% 2.70%
NeuStar, Inc. merger details:

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

Update(s)

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

MORE 12/31/2017 0.50% 1.13%
Monogram Residential Trust, Inc. merger details:

Expected to close in the second half of 2017 for a closing value of $3 billion. Upon completion of the merger, shareholders of Monogram Residential Trust will receive $12.00 per share in cash.

LMOS 09/30/2017 0.50% 2.58%
Lumos Networks Corp. merger details:

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

Update(s)

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

PKY 12/31/2017 0.48% 1.07%
Parkway, Inc. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $1.2 billion. Upon completion of the merger, shareholders of  Parkway will receive $23.05 per share in cash. The $23.05 per share consideration, which consists of $19.05 per share plus a $4.00 special dividend to be paid prior to closing.

The $23.05 per share consideration, which consists of $19.05 per share plus a $4.00 special dividend to be paid prior to closing.The $23.05 per share consideration, which consists of $19.05 per share plus a $4.00 special dividend to be paid prior to closing.

 

WFM 12/31/2017 0.45% 1.02%
Whole Foods Market, Inc. merger details:

Expected to close in the second half of 2017 for a closing value of $13.7 billion. Upon completion of the merger, shareholders of Whole Foods Market will receive $42.00 per share in cash.

NEFF 10/31/2017 0.45% 1.62%
Neff Corporation merger details:

Expected to close in the late third quarter or early fourth quarter of 2017 for a closing value of $1.2 billion. Upon completion of the merger, shareholders of Neff Corporation will receive $21.07 per share in cash. The per share merger consideration payable to Neff stockholders is subject to certain downward adjustments, not to exceed $0.44 per share, in the event that H&E incurs certain increased financing costs due to the transaction not being consummated on or prior to January 14, 2018.

AF 12/31/2017 0.40% 0.88%
Astoria Financial Corporation merger details:

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

fixed exchange of 0.875 shares of Sterling common stock for each share of Astoria common stock.fixed exchange of 0.875 shares of Sterling common stock for each share of Astoria common stock.

 

NCIT 09/30/2017 0.38% 1.94%
NCI, Inc. merger details:

Expected to close in the third quarter of 2017 for a closing value of $190.44 million. Upon completion of the merger, shareholders of NCI will receive $20.00 per share in cash.

NUTR 12/31/2017 0.36% 0.81%
Nutraceutical International Corporation merger details:

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

UCP 09/30/2017 0.34% 1.77%
UCP, Inc. merger details:

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

XTLY 09/30/2017 0.32% 1.65%
Xactly Corporation merger details:

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

HSNI 12/31/2017 0.29% 0.66%
HSN, Inc. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $2.6 billion in an all stock deal. Under the terms of the agreement, HSNi shareholders will receive fixed consideration of 1.65 shares of Series A QVC Group common stock for every share of HSNi common stock.

MBLY 12/31/2017 0.25% 0.57%
Mobileye N.V. merger details:

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

PCBK 07/31/2017 0.25% 9.00%
Pacific Continental Corporation merger details:

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

Update(s)

June 8, 2017: Columbia Banking System (COLB) and Pacific Continental Corporation (PCBK) jointly announced that Pacific Continental shareholders approved the completion of the previously announced merger with Columbia, under which Columbia will acquire Pacific Continental, and Columbia shareholders approved the issuance of Columbia common shares in the merger, at their respective special meetings of shareholders.

NXPI 12/31/2017 0.20% 0.46%
NXP Semiconductors NV merger details:

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

Update(s)

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

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

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

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

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

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

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

July 3, 2017: The European Commission decided to pause its antitrust review of the merger between Qualcomm (QCOM) and NXP Semiconductors (NXPI), because the regulators need more information from NXP and Qualcomm.

SPNC 09/30/2017 0.20% 1.00%
The Spectranetics Corporation merger details:

Expected to close in the third quarter of 2017 for a closing value of $2.2 billion. Upon completion of the merger, shareholders of The Spectranetics Corporation will receive $38.50 per share in cash.

AMRI 09/30/2017 0.18% 0.95%
Albany Molecular Research, Inc. merger details:

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

PTHN 12/31/2017 0.17% 0.38%
Patheon N.V. merger details:

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

NVDQ 09/30/2017 0.17% 0.88%
Novadaq Technologies Inc. merger details:

Expected to close for a closing value of $701 million. Upon completion of the merger, shareholders of Novadaq Technologies will receive $11.75 per share in cash.

SNOW 09/30/2017 0.17% 0.87%
Intrawest Resorts Holdings, Inc. merger details:

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

FPO 12/31/2017 0.09% 0.20%
First Potomac Realty Trust merger details:

Expected to close prior to year end 2017 for a closing value of $1.4 billion. Upon completion of the merger, shareholders of First Potomac Realty Trust will receive $11.15 per share in cash.

NAME 09/30/2017 0.00% 0.00%
Rightside Group, Ltd. merger details:

Expected to close in the third quarter of 2017 for a closing value of $213 million. Upon completion of the merger, sharholders of Rightside Group will receive $10.60 per share in cash.

Update(s)

July 7, 2017: Rightside Group (NAME) and Donuts announced that the waiting period was terminated early by the U.S. Federal Trade Commission on July 6, 2017 under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The tender offer is scheduled to expire  on July 26, 2017, unless extended in accordance with applicable SEC rules and the terms of the merger agreement among Donuts and Rightside.

Rightside Group (NAME) and Donuts announced that the waiting period was terminated early by the U.S. Federal Trade Commission on July 6, 2017 under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The tender offer is scheduled to expire  on July 26, 2017, unless extended in accordance with applicable SEC rules and the terms of the merger agreement among Donuts and Rightside.Rightside Group (NAME) and Donuts announced that the waiting period was terminated early by the U.S. Federal Trade Commission on July 6, 2017 under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The tender offer is scheduled to expire  on July 26, 2017, unless extended in accordance with applicable SEC rules and the terms of the merger agreement among Donuts and Rightside.

 

AIQ 09/30/2017 0.00% 0.00%
Alliance Healthcare Services, Inc. merger details:

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

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

NVET 12/31/2017 0.00% 0.00%
Nexvet Biopharma Public Limited Company merger details:

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

COVS 09/30/2017 0.00% 0.00%
Covisint Corporation merger details:

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

ENOC 09/30/2017 -0.07% -0.33%
EnerNOC, Inc. merger details:

Expected to close in the third quarter of 2017 for a closing value of $300 million. Upon completion of the merger, shareholders of EnerNOC will receive $7.67 per share in cash.

FGL 12/31/2017 -0.16% -0.36%
Fidelity & Guaranty Life merger details:

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

HNH 12/31/2017 -0.16% -0.37%
Handy & Harman Ltd. merger details:

Expected to close in the second half of 2017 for a closing value of $693.48 million. Under the agreement, Steel Partners will commence an exchange offer to acquire all the outstanding shares of Handy & Harman’s common stock for 1.484 Series A preferred units of Steel Partners for each Handy & Harman share tendered.

OB 12/31/2017 -0.49% -1.11%
OneBeacon Insurance Group, Ltd. merger details:

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

DGAS 12/31/2017 -0.55% -1.24%
Delta Natural Gas Company, Inc. merger details:

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

VTTI 09/30/2017 -0.76% -3.92%
VTTI ENERGY PARTNERS LP merger details:

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

NORD 08/31/2017 -1.68% -14.95%
NORD ANGLIA EDUCATION, INC. merger details:

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

FUEL 09/30/2017 -2.26% -11.60%
Rocket Fuel Inc. merger details:

Expected to close in the third quarter of 2017 for a closing value of $145 million. Upon completion of the merger, shareholders of Rocket Fuel will receive $2.6 per share in cash.

ZPIN 12/31/2017 -3.66% -8.20%
Zhaopin Limited merger details:

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

GNCMA 07/31/2017 -17.45% -636.92%
General Communication, Inc. merger details:

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

Update(s)

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

INNL 07/31/2017 -23.25% -848.46%
Innocoll Holdings plc merger details:

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

RAI 07/25/2017 -27.85% -2541.57%
Reynolds American Inc. merger details:

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

Update(s)

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

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

July 19, 2017: Reynolds American (RAI) announced that at the company’s special meeting of shareholders today, RAI shareholders approved three proposals related to British American Tobacco (BTI) proposed acquisition of RAI. Subject to the satisfaction or waiver of the remaining conditions set out in the merger agreement, the transaction is expected to close on or about July 25, 2017.

Reynolds American (RAI) and British American Tobacco (BAT) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 relating to BAT’s proposed acquisition of RAI has expired without a request for additional information by the U.S. Department of Justice or the Federal Trade Commission. The expiration of the Act’s waiting period satisfies the transaction closing condition related to U.S. antitrust approval. The transaction still requires approval by RAI and BAT shareholders and regulatory clearance from Japan, and is subject to the satisfaction or waiver of the other closing conditions specified in the merger agreement.
Both companies continue to expect the transaction to close in the third quarter of 2017.Reynolds American (RAI) and British American Tobacco (BAT) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 relating to BAT’s proposed acquisition of RAI has expired without a request for additional information by the U.S. Department of Justice or the Federal Trade Commission. The expiration of the Act’s waiting period satisfies the transaction closing condition related to U.S. antitrust approval. The transaction still requires approval by RAI and BAT shareholders and regulatory clearance from Japan, and is subject to the satisfaction or waiver of the other closing conditions specified in the merger agreement.Both companies continue to expect the transaction to close in the third quarter of 2017.
ANGI 12/31/2017 -32.49% -72.74%
Angie's List, Inc. merger details:

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