Merger Arbitrage Tool

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

  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 $3.82 1,870,405 12/31/2017 42.15% 158.59%
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July 13, 2017: Genworth Financial (GNW) and China Oceanwide Holdings Group reported that they have withdrawn and re-filed their joint voluntary notice with the Committee on Foreign Investment in the United States (CFIUS) a second time to provide CFIUS more time to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.

August 2, 2017: Genworth (GNW) and Oceanwide continue to work diligently to satisfy the closing conditions under their previously announced proposed transaction and are committed to closing the transaction as soon as possible. In addition to clearance by CFIUS, the closing of the proposed transaction remains subject to the receipt of required regulatory approvals in the U.S., China, and other international jurisdictions and other closing conditions. Because the timing of the regulatory reviews will delay the completion of the transaction beyond the originally targeted time frame of the middle of 2017, Genworth and Oceanwide have agreed in principle to extend the August 31, 2017, deadline set forth in the merger agreement to November 30, 2017.

September 19, 2017: China's Oceanwide Holdings is aiming to close its $2.7 billion acquisition of U.S. insurer Genworth Financial (GNW) by end of this year after securing approval from a U.S. government panel, said an executive of the Chinese firm.

Genworth and Oceanwide continue to work diligently to satisfy the closing conditions under their previously announced proposed transaction and are committed to closing the transaction as soon as possible. In addition to clearance by CFIUS, the closing of the proposed transaction remains subject to the receipt of required regulatory approvals in the U.S., China, and other international jurisdictions and other closing conditions. Because the timing of the regulatory reviews will delay the completion of the transaction beyond the originally targeted time frame of the middle of 2017, Genworth and Oceanwide have agreed in principle to extend the August 31, 2017, deadline set forth in the merger agreement to November 30, 2017.Genworth and Oceanwide continue to work diligently to satisfy the closing conditions under their previously announced proposed transaction and are committed to closing the transaction as soon as possible. In addition to clearance by CFIUS, the closing of the proposed transaction remains subject to the receipt of required regulatory approvals in the U.S., China, and other international jurisdictions and other closing conditions. Because the timing of the regulatory reviews will delay the completion of the transaction beyond the originally targeted time frame of the middle of 2017, Genworth and Oceanwide have agreed in principle to extend the August 31, 2017, deadline set forth in the merger agreement to November 30, 2017.
MGI 01/26/2017 Ant Financial Services Group (N/A) Cash $1.2 billion $18.00 $16.13 100,973 12/31/2017 11.59% 43.62%
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.

September 15, 2017: Ant Financial is planning to resubmit its application for U.S. review of its deal to buy MoneyGram International (MGI).

CBMX 07/31/2017 Invitae Corporation (NVTA) Special Conditions $20.22 million $8.33 $7.50 39,886 12/31/2017 11.07% 41.64%
CombiMatrix Corporation merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $20.22 million. The consideration payable to the holders of currently outstanding shares of CombiMatrix common stock is $27 million, based on a fixed price per share of Invitae’s common stock of $9.49 and subject to an adjustment for “Net Cash” of CombiMatrix at closing. Based on the Company’s current forecasts and estimates of Net Cash, and based on a fixed price per share of Invitae’s common stock of $9.49, the Company presently estimates that the CombiMatrix price per share received by CombiMatrix common stockholders would be between approximately $8.00 and $8.65. We are using the midpoint of this range as the closing price for this deal.

ASBB 05/01/2017 First Bancorp (FBNC) Stock $175 million $47.65 $43.20 22,499 10/01/2017 10.30% 626.58%
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.

Update(s)

September 19, 2017: ASB Bancorp (ASBB) shareholders approved merger with First Bancorp (FBNC). The merger is expected to close on October 1, 2017.

NXTM 08/07/2017 Fresenius Medical Care (N/A) Cash $1.62 billion $30.00 $27.77 326,556 06/30/2018 8.03% 10.54%
Nxstage Medical, Inc. merger details:

Expected to close in 2018 for a closing value of $1.62 billion. Upon completion of the merger, shareholders of Nxstage Medical will receive $30.00 per share in cash.

YUME 09/05/2017 RhythmOne plc (RTHM.L) Cash Plus Stock $102.36 million $5.14 $4.76 107,732 03/31/2018 8.03% 15.67%
YuMe, Inc. merger details:

Expected to close in the first quarter of 2018 for a closing value of $102.36 million in a cash plus stock deal. Under the terms of the agreement, YuMe shareholders will receive $1.70 per share in cash and 7.325 shares in RhythmOne stock.

COL 09/04/2017 United Technologies Corp. (UTX) Special Conditions $30 billion $140.00 $130.48 1,978,175 09/30/2018 7.30% 7.20%
Rockwell Collins, Inc. merger details:

Expected to close in the third quarter of 2018 for a closing value of $30 billion in a cash and stock deal. Under the terms of the agreement, each Rockwell Collins shareowner will receive $93.33 per share in cash and $46.67 in shares of UTC common stock, subject to a 7.5 percent collar centered on UTC's August 22, 2017 closing share price of $115.69. We are treating this as a special conditions deal.

HUN 05/22/2017 CLARIANT N (CLN.VX) Stock $6.72 billion $29.24 $27.32 2,393,118 12/31/2017 7.02% 26.42%
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).

Update(s)

August 15, 2017: Clariant AG announced progress towards satisfying the regulatory approval condition to closing its merger of equals with Huntsman Corporation (HUN). The United States Federal Trade Commission, which reviews the antitrust implications of certain business combinations, delivered a second request for information to  the parties relating to just two products.

September 19, 2017: White Tale Holdings, the Cayman Island-based vehicle created by hedge funds Corvex and 40 North increased its stake in Clariant (CLN.VX) above 15 percent in order to maintain its opposition to the merger of equals between Huntsman (HUN) and Clariant. In response, Huntsman issued a statement stating that White Tale’s attacks on Huntsman are false.

MON 09/14/2016 Bayer AG (BAYRY) Cash $66 billion $128.00 $119.77 1,734,359 01/31/2018 6.87% 19.59%
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).

September 19, 2017: Bayer said it would likely take until early next year to complete the planned $66 billion takeover of Monsanto (MON), which it had previously expected to be under wraps by the end of 2017. Bayer also said that it was unable to propose the sale of any digital farming assets to allay EU concerns about its planned $66 billion takeover of Monsanto.

GLBL 03/07/2017 Brookfield Asset Management Inc. (BAM) Cash $1.3 billion $5.10 $4.78 375,509 12/31/2017 6.81% 25.61%
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.

Update(s)

September 11, 2017: Terraform Global (GLBL) filed a proxy statement inviting shareholders to a special meeting. The stock dropped immediately following this filing and the spread on the deal increased from nearly 0% to 6.81%. The spread was even higher at the end of the week. An investor who read the filing tipped me off to the presence of a holdback clause in the filing related to securities litigation if the litigation is still pending when the merger closes. The holdback will be in the form of a contingent value right (CVR).

BRCD 11/02/2016 Broadcom Limited (AVGO) Cash $5.5 billion $12.75 $12.11 3,398,354 10/28/2017 5.28% 58.45%
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.

August 22, 2017: The Ministry of Commerce of the People’s Republic of China issued a written notice that it has granted conditional approval of the proposed acquisition contemplated by the Merger Agreement pursuant to the Anti-Monopoly Law of the People’s Republic of China. Brocade (BRCD) expects that the Merger will be completed during its fourth fiscal quarter ending October 28, 2017, assuming the timely satisfaction or waiver of the other closing conditions set forth in the Merger Agreement, including clearance from the Committee on Foreign Investment in the United States.

TWX 10/22/2016 AT&T, Inc. (T) Special Conditions $108.7 billion $107.50 $102.40 3,961,514 12/31/2017 4.98% 18.74%
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).

August 22, 2017: The Instituto Federal de Telecomunicaciones and the Comisión Federal de Competencia Económica approved AT&T’s (T) pending acquisition of Time Warner (TWX).

September 4, 2017: The Chilean Fiscalía Nacional Económica (FNE) approved AT&T's (T) pending acquisition of Time Warner (TWX).

HCOM 07/10/2017 Cincinnati Bell (CBB) Cash Plus Stock $650 million $31.23 $29.81 50,954 12/31/2018 4.77% 3.77%
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.

SNI 07/31/2017 Discovery Communications, Inc. (DISCK) Special Conditions $14.6 billion $90.00 $86.04 419,626 03/31/2018 4.60% 8.98%
Scripps Networks Interactive, Inc. merger details:

Expected to close early in 2018 for a closing value of $14.6 billion in a cash plus stock deal. Upon completion of the merger, Scripps shareholders will receive $90 per share under the terms of the agreement, comprised of $63.00 per share in cash and $27.00 per share in Class C Common shares of Discovery stock. The stock portion will be subject to a collar based on the volume weighted average price of Discovery Class C Common Shares over the 15 trading days ending on the third trading day prior to closing. Scripps shareholders will receive 1.2096 Discovery Class C Common shares if the Average Discovery Price is at or below $22.32, and 0.9408 Discovery Class C Common shares if the Average Discovery Price is at or above $28.70. If the Average Discovery Price is greater than $22.32 but less than $28.70, Scripps shareholders will receive a number of shares between 1.2096 and 0.9408 equal to $27.00 in value. If the Average Discovery Price is between $22.32 and $25.51, Discovery has the option to pay additional cash instead of issuing more shares. Scripps shareholders will have the option to elect to receive their consideration in cash, stock or the mixture described above, subject to pro rata cut backs to the extent cash or stock is oversubscribed. Because of the complex structure of this deal, we are treating it as a Special Conditions deal with a deal price of $90.

WGL 01/25/2017 AltaGas Ltd. (N/A) Cash $6.4 billion $88.25 $84.63 116,107 06/30/2018 4.28% 5.62%
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.

CPN 08/18/2017 Energy Capital Partners (N/A) Cash $17.3 billion $15.25 $14.66 7,255,590 03/31/2018 4.02% 7.86%
Calpine Corporation merger details:

Expected to close in the first quarter of 2018 for a closing value of $17.3 billion. Upon completion of the merger, shareholders of Calpine Corporation will receive $15.25 per share in cash.

XCRA 04/10/2017 an affiliate of Sino IC Capital and Unic Capital Management (N/A) Cash $439.97 million $10.25 $9.88 277,908 12/31/2017 3.74% 14.09%
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.

ATW 05/30/2017 Ensco plc (ESV) Stock $1.7 billion $8.38 $8.11 18,833,945 09/30/2017 3.38% 246.63%
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.

SBCP 08/14/2017 CenterState Banks, Inc. (CSFL) Stock $176.7 million $22.94 $22.21 26,118 03/31/2018 3.31% 6.45%
Sunshine Bancorp, Inc. merger details:

Expected to close in the first quarter of 2018 for a closing value of $176.7 million in an all stock deal. Under the terms of the agreement, Sunshine shareholders will receive 0.89 shares of CSFL common stock for each outstanding share of Sunshine.

AVA 07/19/2017 Hydro One Limited (N/A) Cash $5.3 billion $53.00 $51.40 293,587 12/31/2018 3.11% 2.46%
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.

Update(s)

September 14, 2017: Hydro One Limited and Avista Corporation (AVA) filed applications requesting regulatory approval of the proposed merger of the two companies. The applications have been filed with state utility commissions in Washington, Idaho, Oregon, Montana, and Alaska, as well as with the Federal Energy Regulatory Commission (FERC), requesting approval of the transaction on or before August 14, 2018.

TRCO 05/08/2017 Sinclair Broadcast Group, Inc. (SBGI) Cash Plus Stock $6.6 billion $41.75 $40.54 1,918,746 12/31/2017 2.99% 11.24%
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.

AKRX 04/24/2017 Fresenius Kabi (N/A) Cash $4.75 billion $34.00 $33.06 1,305,138 03/31/2018 2.84% 5.55%
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.

Update(s)

July 19, 2017: Akorn (AKRX) announced that its shareholders, at a special meeting, have overwhelmingly voted to approve the previously announced merger agreement providing for the acquisition of Akorn by Fresenius Kabi.

PBNC 04/27/2017 TowneBank (TOWN) Stock $323.7 million $55.72 $54.26 28,154 12/31/2017 2.69% 10.11%
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.

TESO 08/14/2017 Nabors Industries Ltd. (NBR) Stock $157.23 million $5.34 $5.25 239,973 12/31/2017 1.81% 6.79%
Tesco Corporation merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $157.23 million in an all stock deal. Under the terms of the agreement, TESCO shareholders will be issued 0.68 common shares of Nabors for each outstanding share of common stock of TESCO.

SNBC 06/30/2017 OceanFirst Financial Corp. (OCFC) Cash Plus Stock $640.73 million $24.74 $24.30 45,951 01/31/2018 1.79% 5.11%
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.

NMRX 08/02/2017 Sierra Wireless, Inc. (SWIR) Stock $107 million $3.91 $3.84 39,195 12/31/2017 1.72% 6.47%
Numerex Corp. merger details:

Expected to close by the end of 2017 for a closing value of $107 million in an all stock deal. Under the terms of the Merger Agreement, Numerex shareholders will receive a fixed exchange ratio of 0.1800 common shares of Sierra Wireless for each share of Numerex common stock. 

STRP 05/11/2017 Verizon Communications Inc. (VZ) Special Conditions $3.1 billion $184.00 $180.93 31,773 03/15/2018 1.70% 3.62%
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.

This is an all stock deal but the consideration is fixed at $184/share. The number of Verizon shares that shareholders will receive will vary to get to the $184/share fixed consideration. We are treating this as a special conditions deal.

Update(s)

August 2, 2017: Straight Path Communications (STRP) stockholders voted in favour of the proposal, to adopt the merger agreement between Straight Path Communications, Verizon Communications (VZ) and Waves Merger Sub.

SVA 06/26/2017 Sinovac Limited and Sinovac Amalgamation Sub Limited (N/A) Cash $437.59 million $7.00 $6.89 123,645 12/31/2017 1.60% 6.01%
Sinovac Biotech Ltd. merger details:

Expected to close in the second half of 2017 for a closing value 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).
RICE 06/19/2017 EQT Corporation (EQT) Cash Plus Stock $8.2 billion $29.08 $28.63 2,991,683 12/31/2017 1.56% 5.86%
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.

Update(s)

September 14, 2017: Hedge fund D.E. Shaw & Co urged (EQT), which is buying Rice Energy (RICE) in a $6.7 billion deal, to split into two parts after the deal and to speed up efforts to boost the company's stock price.

MSFG 07/25/2017 First Financial Bancorp. (FFBC) Stock $1 billion $34.76 $34.25 129,927 03/31/2018 1.48% 2.89%
MainSource Financial Group, Inc. merger details:

Expected to close in the third quarter of 2017 for a closing value of $1 billion in an all stock deal. Under the terms of the merger agreement, shareholders of MainSource will receive 1.3875 common shares of First Financial common stock for each share of MainSource common stock.

ABCO 08/29/2017 Optum and Vista Equity Partners (N/A) Special Conditions $2.66 billion $54.29 $53.50 503,543 03/31/2018 1.48% 2.88%
The Advisory Board Company merger details:

Expected to close by the end of 2017 or in early 2018 for a closing value of $2.66 billion. Under the terms of the agreement, stockholders of the Advisory Board Company would receive estimated cash per share of $54.29, which includes a fixed amount of $52.65 per share and the after-tax value at closing of the Company’s 7.6% stake in Evolent Health, Inc., which has been estimated as of August 28, 2017.

XBKS 05/22/2017 Union Bankshares Corporation (UBSH) Stock $701.2 million $31.06 $30.62 11,308 01/15/2018 1.45% 4.73%
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. 

OA 09/18/2017 Northrop Grumman Corporation (NOC) Cash $9.2 billion $134.50 $132.64 908,483 06/30/2018 1.40% 1.84%
Orbital ATK, Inc. merger details:

Expected to close in the first half of 2018 for a closing value of $9.2 billion. Upon completion of the merger, shareholders of Orbital ATK will receive $134.50 per share in cash.

ANCB 04/11/2017 Washington Federal, Inc. (WAFD) Special Conditions $63.9 million $25.75 $25.40 533 09/30/2017 1.38% 100.59%
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.

ALR 02/01/2016 Abbott Laboratories (ABT) Cash $5.3 billion $51.00 $50.35 1,372,494 09/29/2017 1.29% 117.80%
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).

September 18, 2017: Abbott (ABT) announced that it is extending its previously announced tender offer to purchase for cash all outstanding shares of Series B Convertible Perpetual Preferred Stock of Alere (ALR) at a price of $402.00 per share of Preferred Stock, plus accrued but unpaid dividends.  The Offer is being extended to allow additional time for the consummation of the Merger, which is a condition to the completion of the Offer.  The Offer was previously scheduled to expire on September 15, 2017 and will now expire on September 29, 2017.

CBF 05/04/2017 First Horizon National Corp. (FHN) Cash Plus Stock $2.2 billion $39.53 $39.05 291,739 12/31/2017 1.22% 4.59%
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.

BKMU 07/20/2017 Associated Banc-Corp (ASB) Stock $482 million $9.92 $9.80 145,919 03/31/2018 1.19% 2.33%
Bank Mutual Corporation merger details:

Expected to close in the first quarter of 2018 for a closing value of $482 million in an all stock deal. Under the terms of the agreement, Bank Mutual shareholders will receive 0.422 shares of Associated common stock for each share of Bank Mutual common stock.

FIG 02/14/2017 SoftBank Group Corp. (SFTBY) Cash $3.3 billion $8.08 $7.99 177,244 12/31/2017 1.13% 4.24%
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. 

DGI 02/24/2017 MacDonald, Dettwiler and Associates Ltd. (MDA.TO) Cash Plus Stock $3.6 billion $35.47 $35.10 521,735 10/31/2017 1.06% 10.72%
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.

Update(s)

July 27, 2017: DigitalGlobe (DGI) announced its preliminary results that its shareowners overwhelmingly voted to approve the Company’s proposed merger with MacDonald, Dettwiler and Associates. As previously announced, the transaction is expected to close in or shortly after the third quarter of 2017, subject to approval from the Committee on Foreign Investment in the United States and other customary approvals and closing conditions.

FSBK 06/12/2017 Carolina Financial Corporation (CARO) Stock $162 million $18.02 $17.85 19,104 12/31/2017 0.97% 3.65%
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.

AMFW 03/13/2017 John Wood Group Plc (WG.L) Stock $4.3 billion $6.75 $6.69 26,637 12/31/2017 0.96% 3.63%
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.

CACQ 12/22/2014 Caesars Entertainment Corporation (CZR) Stock N/A $20.64 $20.45 160,298 10/06/2017 0.92% 30.42%
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.

July 25, 2017: Caesars Entertainment Corporation (CZR) and Caesars Acquisition Company (CACQ) announced that stockholders of both companies voted to approve the previously announced merger of Caesars Entertainment and Caesars Acquisition. Caesars Entertainment currently anticipates completing the Merger and CEOC’s restructuring in the first week of October.

WNRL 08/14/2017 Andeavor Logistics LP (ANDX) Stock $1.8 billion $24.93 $24.75 73,391 12/31/2017 0.73% 2.74%
Western Refining Logistics, LP merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $1.8 billion in an all stock deal. Under the terms of the Merger agreement, WNRL unitholders will receive an exchange ratio of 0.5233 ANDX common units for each WNRL common unit held.

BCR 04/23/2017 Becton, Dickinson and Company (BDX) Cash Plus Stock $24 billion $320.95 $318.63 152,610 11/30/2017 0.73% 4.02%
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.

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 $11.10 265,653 12/31/2017 0.72% 2.71%
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.

SPA 07/07/2017 Ultra Electronics Holdings (N/A) Cash $308.13 million $23.50 $23.35 82,761 01/08/2018 0.64% 2.23%
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.

WFBI 05/16/2017 Sandy Spring Bancorp, Inc. (SASR) Stock $489 million $34.76 $34.56 7,594 12/31/2017 0.59% 2.23%
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.

DDC 07/17/2017 The Washington Companies (N/A) Cash $1.06 billion $14.25 $14.18 635,142 12/31/2017 0.49% 1.86%
Dominion Diamond Corporation merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $1.06 billion. Upon completion of the merger, shareholders of Dominion Diamond Corporation will receive $14.25 per share in cash.

Update(s)

September 19, 2017: Dominion Diamond Corporation (DDC) announced that at the special meeting of the shareholders of the Company, Shareholders overwhelmingly approved the previously-announced plan of arrangement pursuant to which Northwest Acquisitions has agreed to acquire all of the issued and outstanding common shares of the Company.

September 22, 2017: Dominion Diamond Corporation (DDC) announced that the Ontario Superior Court of Justice has issued a final order approving its previously-announced plan of arrangement pursuant to which Northwest Acquisitions ULC, an entity affiliated with The Washington Companies, has agreed to acquire all of the issued and outstanding common shares of the Company.

WBKC 06/14/2017 Horizon Bancorp (HBNC) Cash Plus Stock $88.9 million $41.85 $41.65 2,641 10/31/2017 0.47% 4.79%
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.

CCC 09/21/2017 Kuraray (N/A) Cash $1.3 billion $21.50 $21.40 7,544,031 12/31/2017 0.47% 1.76%
Calgon Carbon Corporation merger details:

Expected to be completed by the end of December, 2017 for a closing value of $1.3 billion. Upon completion of the merger, shareholders of Calgon Carbon will receive $21.50 per share in cash.

SSNI 09/18/2017 Itron, Inc. (ITRI) Cash $712 million $16.25 $16.18 1,443,706 03/31/2018 0.43% 0.84%
Silver Spring Networks, Inc. merger details:

Expected to close in late 2017 or early 2018 for a closing value of $712 million. Upon completion of the merger, shareholders of Silver Spring Networks will receive $16.25 per share in cash.

LVLT 10/31/2016 CenturyLink, Inc. (CTL) Cash Plus Stock $34 billion $52.99 $52.77 1,274,754 10/31/2017 0.41% 4.15%
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).

August 23, 2017: The State of New Jersey has approved CenturyLink’S (CTL) pending acquisition of Level 3 Communications (LVLT). 

September 12, 2017: CenturyLink (CTL) announced it is updating the closing timeframe for its acquisition of Level 3 Communications (LVLT). Based on the proposed decision filed by the California Administrative Law Judge last Friday recognizing that the combination of CenturyLink and Level 3 is in the public interest and recommending the California Public Utilities Commission approve the transaction at its Oct. 12 meeting, CenturyLink now anticipates the Level 3 transaction to close in mid-to-late October 2017.

SFR 08/10/2017 Invitation Homes Inc. (INVH) Stock $7.36 billion $35.75 $35.61 1,215,347 12/31/2017 0.39% 1.48%
Starwood Waypoint Homes merger details:

Expected to close by year end for a closing value of $7.36 billion in an all stock deal. Under the terms of the agreement, each Starwood Waypoint Homes share will be converted into 1.614 Invitation Homes shares, based on a fixed exchange ratio. The all-stock merger is intended to be a tax-free transaction.

LMOS 02/20/2017 EQT Infrastructure investment strategy (N/A) Cash $950 million $18.00 $17.93 84,768 09/30/2017 0.39% 28.50%
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.

KITE 08/28/2017 Gilead Sciences, Inc. (GILD) Cash $11.9 billion $180.00 $179.30 1,485,658 12/31/2017 0.39% 1.47%
Kite Pharma, Inc. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $11.9 billion. Upon completion of the merger, shareholders of Kite Pharma will receive $180 per share in cash.

RATE 07/03/2017 Red Ventures (N/A) Cash $1.4 billion $14.00 $13.95 931,229 12/31/2017 0.36% 1.35%
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.

Update(s)

September 13, 2017: Bankrate (RATE) announced that Bankrate stockholders voted at a special meeting of stockholders to adopt the Agreement and Plan of Merger providing for the merger of a wholly owned subsidiary of Red Ventures Holdco, with and into Bankrate. 

PMC 08/03/2017 KKR & Co. L.P. Unit (KKR) Cash $1.39 billion $29.25 $29.15 505,743 05/01/2018 0.34% 0.57%
PharMerica Corporation merger details:

Expected to complete early in 2018 for a closing value of $1.39 billion. Upon completion of the merger, shareholders of PharMerica will receive $29.25 per share in cash.

PCBK 01/09/2017 Columbia Banking System, Inc. (COLB) Stock $644.1 million $25.73 $25.65 59,570 09/30/2017 0.32% 23.58%
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.

NDRM 07/24/2017 Mitsubishi Tanabe Pharma Corporation (N/A) Cash $654.33 million $39.00 $38.88 76,429 10/15/2017 0.32% 5.87%
NeuroDerm Ltd. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $654.33 million. Upon completion of the merger, shareholders of NeuroDerm will receive $39.00 per share in cash.

Update(s)

September 12, 2017: NeuroDerm (NDRM) announced that at NeuroDerm’s extraordinary general meeting of shareholders, NeuroDerm shareholders voted to approve the previously announced acquisition by Mitsubishi Tanabe Pharma Corporation. The Company expects the merger to be completed in mid-October 2017.

VWR 05/05/2017 Avantor (N/A) Cash $6.4 billion $33.25 $33.16 957,302 09/30/2017 0.27% 19.81%
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.

PSTB 04/27/2017 South State Corporation (SSB) Stock $690.8 million $11.90 $11.87 62,951 12/31/2017 0.25% 0.95%
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. 

SNC 07/26/2017 Markel Corporation (MKL) Cash $919 million $21.00 $20.95 84,969 12/31/2017 0.24% 0.90%
State National Companies, Inc. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $919 million. Upon completion of the merger, shareholders of State National Companies will receive $21.00 per share in cash.

RBPAA 01/30/2017 Bryn Mawr Bank Corporation (BMTC) Stock $127.7 million $4.28 $4.27 33,103 09/30/2017 0.22% 16.03%
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.

NEFF 08/16/2017 United Rentals, Inc. (URI) Cash $838 million $25.00 $24.95 125,638 12/31/2017 0.20% 0.75%
Neff Corporation merger details:

Expected to close in the fouth quarter of 2017 for a closing value of $838 million. Under the terms of the agreement, shareholders of Neff Corporation will receive $25.00 per share in cash.

BSF 08/22/2017 Arvest Bank (N/A) Cash $391 million $10.28 $10.26 41,666 03/31/2018 0.19% 0.38%
Bear State Financial, Inc. merger details:

Expected to close in the fourth quarter of 2017 or the first quarter of 2018 for a closing value of $391 million. Upon completion of the merger, shareholders of Bear State Financial will receive $10.28 per share in cash.

AF 03/07/2017 Sterling Bancorp (STL) Stock $2.2 billion $20.83 $20.79 556,137 12/31/2017 0.17% 0.63%
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.

Update(s)

August 16, 2017: Sterling Bancorp (STL) and Astoria Financial Corporation (AF) announced that the Office of the Comptroller of the Currency has approved the merger of Astoria with and into Sterling. 

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.
PKY 06/30/2017 Canada Pension Plan Investment Board (N/A) Cash $1.2 billion $23.05 $23.02 77,580 12/31/2017 0.13% 0.49%
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.

 

PRXL 06/20/2017 Pamplona Capital Management, LLP (N/A) Cash $5 billion $88.10 $87.99 565,646 09/29/2017 0.13% 11.41%
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.

Update(s)

September 18, 2017: PAREXEL International Corporation (PRXL) announced that its shareholders approved the previously announced proposed acquisition of the Company by certain investment funds affiliated with Pamplona Capital Management. The closing of the transaction is anticipated to occur on or about Friday, September 29, 2017, subject to the satisfaction of customary closing conditions at such time.

FPO 06/28/2017 Government Properties Income Trust (GOV) Cash $1.4 billion $11.15 $11.14 457,171 12/31/2017 0.09% 0.34%
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.

MXPT 08/28/2017 Valassis (N/A) Cash $101 million $13.86 $13.85 23,485 12/31/2017 0.07% 0.27%
MaxPoint Interactive, Inc. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $101 million. Upon completion of the merger, shareholders of Maxpoint will receive $13.86 per share in cash.

CAB 10/03/2016 Bass Pro Shops (N/A) Cash $5 billion $61.50 $61.47 2,330,605 09/30/2017 0.05% 3.56%
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.

September 6, 2017: Cabela’s Incorporated (CAB) was notified that the Board of Governors of the Federal Reserve (the “FRB”) has approved the previously announced sale of the assets and liabilities of the Company’s wholly owned bank subsidiary, World’s Foremost Bank, to Synovus Bank.

HSNI 07/06/2017 Liberty Interactive Corporation (QVCA) Stock $2.6 billion $39.20 $39.20 224,653 12/31/2017 0.01% 0.04%
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.

FGL 05/24/2017 CF Corporation (CFCO) Cash $1.835 billion $31.10 $31.10 38,239 12/31/2017 0.00% 0.00%
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.

SHOR 07/27/2017 Mitel Networks Corporation (MITL) Cash $430 million $7.50 $7.50 1,464,712 09/30/2017 0.00% 0.00%
ShoreTel, Inc. merger details:

Expected to close in the third quarter of 2017 for a closing value of $430 milion. Upon completion of the merger, shareholders of ShoreTel will receive $7.50 per share in cash.

Update(s)

September 18, 2017: Mitel Networks Corporation (MITL) announced that the tender offer made by Mitel’s indirect, wholly-owned subsidiary to acquire all of the issued and outstanding shares of common stock of ShoreTel (SHOR) has been extended until  September 22, 2017. The Offer was previously scheduled to expire on September 18, 2017.

STS 08/08/2017 Wabash National Corporation (WNC) Cash $260.9 million $21.00 $21.00 100,128 12/31/2017 0.00% 0.00%
Supreme Industries, Inc. merger details:

Expected to close for a closing value of $260.9 million. Upon completion of the merger, shareholders of Supreme Industries will receive $21.00 per share in cash.

Update(s)

September 7, 2017: Wabash National Corporation (WNC) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, or HSR Act, applicable to the acquisition of Supreme Industries (STS) by Wabash National expired on September 6, 2017.

WSTC 05/09/2017 affiliates of certain funds managed by affiliates of Apollo Global Management, LLC (APO) Cash $5.1 billion $23.50 $23.51 565,597 12/31/2017 -0.04% -0.16%
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.

OB 05/02/2017 Intact Financial Corporation (N/A) Cash $1.7 billion $18.10 $18.11 134,826 12/31/2017 -0.06% -0.21%
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.

ZPIN 04/06/2017 SEEK International Investments Pty Ltd. (N/A) Cash $678.59 million $18.20 $18.17 143,694 12/31/2017 -0.11% -0.41%
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.

CUNB 04/06/2017 PacWest Bancorp (PACW) Cash Plus Stock $705 million $37.50 $37.55 31,896 12/31/2017 -0.13% -0.50%
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.

SEV 07/17/2017 BorgWarner (N/A) Cash $200 million $22.00 $22.04 6,084 09/27/2017 -0.18% -33.12%
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.

Update(s)

September 22, 2017: Sevcon (SEV) announced that its stockholders overwhelmingly approved the proposed acquisition of Sevcon by BorgWarner at the Special Meeting of Stockholders. Subject to satisfaction or waiver of all other conditions, the closing of the acquisition is expected to occur on or about September 27, 2017.

OKSB 12/14/2016 Simmons First National Corporation (SFNC) Cash Plus Stock $564.4 million $26.50 $26.55 28,340 09/30/2017 -0.19% -14.18%
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.

LDR 09/06/2017 Fortive Corporation (FTV) Cash $770 million $67.25 $67.40 97,821 12/31/2017 -0.22% -0.84%
Landauer, Inc. merger details:

Expected to close by the end of 2017 for a closing value of $770 million. Upon completion of the merger, shareholders of Landauer will receive $67.25 per share in cash.

BOBE 09/19/2017 Post Holdings, Inc. (POST) Cash $1.53 billion $77.00 $77.25 804,182 03/31/2018 -0.32% -0.63%
Bob Evans Farms, Inc. merger details:

Expected to be completed in the first quarter of 2018 for a closing value of $1.53 billion. Upon completion of the merger, shareholders of Bob Evans Farms will receive $77 per share in cash.

ARCX 08/29/2017 Zenith (N/A) Cash $632.96 million $16.50 $16.57 77,385 01/31/2018 -0.42% -1.20%
Arc Logistics Partners LP merger details:

Expected to close at the end of the fourth quarter of 2017 or early in the first quarter of 2018 for a closing vlaue of $632.96 million. Upon completion of the merger, shareholders of Arc Logistic Partners will receive $16.50 per share in cash.

HNH 06/26/2017 Steel Partners Holdings L.P. (SPLP-PA) Stock $693.48 million $32.94 $33.10 11,187 12/31/2017 -0.47% -1.76%
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.

IXYS 08/28/2017 Littelfuse, Inc. (LFUS) Cash $655 million $23.00 $23.30 315,803 03/31/2018 -1.29% -2.51%
IXYS Corporation merger details:

Expected to close in the first quarter of 2018 for a closing value of $655 million in a cash or stock deal. Upon completion of the merger, each IXYS stockholder will be entitled to elect to receive, per IXYS share, either $23.00 in cash or 0.1265 of a share of Littelfuse common stock, subject to proration.

NXPI 10/27/2016 QUALCOMM Incorporated (QCOM) Cash $38 billion $110.00 $112.64 733,878 12/31/2017 -2.34% -8.82%
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.

August 24, 2017: Qualcomm Incorporated (QCOM) announced that Qualcomm River Holdings 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 September 22, 2017, unless extended or earlier terminated, in either case pursuant to the terms of the Purchase Agreement. The transaction is expected to close by the end of calendar 2017.

September 6, 2017: EU antitrust regulators have halted for a second time their review of U.S. smartphone chipmaker Qualcomm's (QCOM) $38-billion bid for NXP Semiconductors (NXPI) after the companies failed to provide key details of the deal.

September 22, 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 October 20, 2017, unless extended or earlier terminated, in either case pursuant to the terms of the Purchase Agreement. The transaction is expected to close by the end of calendar 2017.

SGBK 03/27/2017 Home Bancshares, Inc. (HOMB) Special Conditions $778.4 million $49.00 $50.30 180,615 12/31/2017 -2.58% -9.73%
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.

RIC 09/11/2017 Alamos Gold Inc. (AGI) Stock $455.53 million $9.64 $9.90 329,497 11/15/2017 -2.63% -18.82%
Richmont Mines Inc. merger details:

Expected to close by mid-2017 for a closing value of $455.53 million in an all stock deal. Under the terms of the Agreement, all of the Richmont issued and outstanding common shares will be exchanged on the basis of 1.385 Alamos common shares for each Richmont common share.

GNCMA 04/04/2017 Liberty Ventures (LVNTA) Special Conditions $2.68 billion $32.50 $40.50 74,673 12/31/2017 -19.75% -74.33%
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).

DMTX 08/25/2017 Regenxbio Inc. (RGNX) Stock $41 million $4.44 $5.90 108,903 12/31/2017 -24.68% -92.88%
Dimension Therapeutics, Inc. merger details:

Expected to close by year-end 2017 for a closing value of $41 million in an all stock deal. Under the terms of the agreement, Dimension shareholders will receive 0.1573 shares of REGENXBIO in exchange for each of their shares in Dimension.

Update(s)

September 18, 2017: Ultragenyx Pharmaceutical (RARE) announced that it has made a proposal to acquire all of the outstanding shares of common stock of Dimension Therapeutics (DMTX) for $5.50 per share, or approximately $138 million, in cash. On September 19, 2017, Dimension Therapeutics announced that its Board of Directors has determined in good faith, after consultation with its financial advisor and outside legal counsel, that the non-binding, unsolicited proposal from Ultragenyx Pharmaceutical to acquire Dimension could reasonably be expected to lead to a “Superior Proposal” as defined in Dimension’s merger agreement with Regenxbio (RGNX).

ANGI 05/02/2017 IAC/InterActiveCorp (IAC) Special Conditions $331.67 million $8.50 $12.63 499,021 12/31/2017 -32.70% -123.05%
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 12/31/2017 42.15% 158.59%
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.

August 2, 2017: Genworth (GNW) and Oceanwide continue to work diligently to satisfy the closing conditions under their previously announced proposed transaction and are committed to closing the transaction as soon as possible. In addition to clearance by CFIUS, the closing of the proposed transaction remains subject to the receipt of required regulatory approvals in the U.S., China, and other international jurisdictions and other closing conditions. Because the timing of the regulatory reviews will delay the completion of the transaction beyond the originally targeted time frame of the middle of 2017, Genworth and Oceanwide have agreed in principle to extend the August 31, 2017, deadline set forth in the merger agreement to November 30, 2017.

September 19, 2017: China's Oceanwide Holdings is aiming to close its $2.7 billion acquisition of U.S. insurer Genworth Financial (GNW) by end of this year after securing approval from a U.S. government panel, said an executive of the Chinese firm.

Genworth and Oceanwide continue to work diligently to satisfy the closing conditions under their previously announced proposed transaction and are committed to closing the transaction as soon as possible. In addition to clearance by CFIUS, the closing of the proposed transaction remains subject to the receipt of required regulatory approvals in the U.S., China, and other international jurisdictions and other closing conditions. Because the timing of the regulatory reviews will delay the completion of the transaction beyond the originally targeted time frame of the middle of 2017, Genworth and Oceanwide have agreed in principle to extend the August 31, 2017, deadline set forth in the merger agreement to November 30, 2017.Genworth and Oceanwide continue to work diligently to satisfy the closing conditions under their previously announced proposed transaction and are committed to closing the transaction as soon as possible. In addition to clearance by CFIUS, the closing of the proposed transaction remains subject to the receipt of required regulatory approvals in the U.S., China, and other international jurisdictions and other closing conditions. Because the timing of the regulatory reviews will delay the completion of the transaction beyond the originally targeted time frame of the middle of 2017, Genworth and Oceanwide have agreed in principle to extend the August 31, 2017, deadline set forth in the merger agreement to November 30, 2017.
MGI 12/31/2017 11.59% 43.62%
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.

September 15, 2017: Ant Financial is planning to resubmit its application for U.S. review of its deal to buy MoneyGram International (MGI).

CBMX 12/31/2017 11.07% 41.64%
CombiMatrix Corporation merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $20.22 million. The consideration payable to the holders of currently outstanding shares of CombiMatrix common stock is $27 million, based on a fixed price per share of Invitae’s common stock of $9.49 and subject to an adjustment for “Net Cash” of CombiMatrix at closing. Based on the Company’s current forecasts and estimates of Net Cash, and based on a fixed price per share of Invitae’s common stock of $9.49, the Company presently estimates that the CombiMatrix price per share received by CombiMatrix common stockholders would be between approximately $8.00 and $8.65. We are using the midpoint of this range as the closing price for this deal.

ASBB 10/01/2017 10.30% 626.58%
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.

Update(s)

September 19, 2017: ASB Bancorp (ASBB) shareholders approved merger with First Bancorp (FBNC). The merger is expected to close on October 1, 2017.

NXTM 06/30/2018 8.03% 10.54%
Nxstage Medical, Inc. merger details:

Expected to close in 2018 for a closing value of $1.62 billion. Upon completion of the merger, shareholders of Nxstage Medical will receive $30.00 per share in cash.

YUME 03/31/2018 8.03% 15.67%
YuMe, Inc. merger details:

Expected to close in the first quarter of 2018 for a closing value of $102.36 million in a cash plus stock deal. Under the terms of the agreement, YuMe shareholders will receive $1.70 per share in cash and 7.325 shares in RhythmOne stock.

COL 09/30/2018 7.30% 7.20%
Rockwell Collins, Inc. merger details:

Expected to close in the third quarter of 2018 for a closing value of $30 billion in a cash and stock deal. Under the terms of the agreement, each Rockwell Collins shareowner will receive $93.33 per share in cash and $46.67 in shares of UTC common stock, subject to a 7.5 percent collar centered on UTC's August 22, 2017 closing share price of $115.69. We are treating this as a special conditions deal.

HUN 12/31/2017 7.02% 26.42%
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).

Update(s)

August 15, 2017: Clariant AG announced progress towards satisfying the regulatory approval condition to closing its merger of equals with Huntsman Corporation (HUN). The United States Federal Trade Commission, which reviews the antitrust implications of certain business combinations, delivered a second request for information to  the parties relating to just two products.

September 19, 2017: White Tale Holdings, the Cayman Island-based vehicle created by hedge funds Corvex and 40 North increased its stake in Clariant (CLN.VX) above 15 percent in order to maintain its opposition to the merger of equals between Huntsman (HUN) and Clariant. In response, Huntsman issued a statement stating that White Tale’s attacks on Huntsman are false.

MON 01/31/2018 6.87% 19.59%
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).

September 19, 2017: Bayer said it would likely take until early next year to complete the planned $66 billion takeover of Monsanto (MON), which it had previously expected to be under wraps by the end of 2017. Bayer also said that it was unable to propose the sale of any digital farming assets to allay EU concerns about its planned $66 billion takeover of Monsanto.

GLBL 12/31/2017 6.81% 25.61%
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.

Update(s)

September 11, 2017: Terraform Global (GLBL) filed a proxy statement inviting shareholders to a special meeting. The stock dropped immediately following this filing and the spread on the deal increased from nearly 0% to 6.81%. The spread was even higher at the end of the week. An investor who read the filing tipped me off to the presence of a holdback clause in the filing related to securities litigation if the litigation is still pending when the merger closes. The holdback will be in the form of a contingent value right (CVR).

BRCD 10/28/2017 5.28% 58.45%
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.

August 22, 2017: The Ministry of Commerce of the People’s Republic of China issued a written notice that it has granted conditional approval of the proposed acquisition contemplated by the Merger Agreement pursuant to the Anti-Monopoly Law of the People’s Republic of China. Brocade (BRCD) expects that the Merger will be completed during its fourth fiscal quarter ending October 28, 2017, assuming the timely satisfaction or waiver of the other closing conditions set forth in the Merger Agreement, including clearance from the Committee on Foreign Investment in the United States.

TWX 12/31/2017 4.98% 18.74%
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).

August 22, 2017: The Instituto Federal de Telecomunicaciones and the Comisión Federal de Competencia Económica approved AT&T’s (T) pending acquisition of Time Warner (TWX).

September 4, 2017: The Chilean Fiscalía Nacional Económica (FNE) approved AT&T's (T) pending acquisition of Time Warner (TWX).

HCOM 12/31/2018 4.77% 3.77%
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.

SNI 03/31/2018 4.60% 8.98%
Scripps Networks Interactive, Inc. merger details:

Expected to close early in 2018 for a closing value of $14.6 billion in a cash plus stock deal. Upon completion of the merger, Scripps shareholders will receive $90 per share under the terms of the agreement, comprised of $63.00 per share in cash and $27.00 per share in Class C Common shares of Discovery stock. The stock portion will be subject to a collar based on the volume weighted average price of Discovery Class C Common Shares over the 15 trading days ending on the third trading day prior to closing. Scripps shareholders will receive 1.2096 Discovery Class C Common shares if the Average Discovery Price is at or below $22.32, and 0.9408 Discovery Class C Common shares if the Average Discovery Price is at or above $28.70. If the Average Discovery Price is greater than $22.32 but less than $28.70, Scripps shareholders will receive a number of shares between 1.2096 and 0.9408 equal to $27.00 in value. If the Average Discovery Price is between $22.32 and $25.51, Discovery has the option to pay additional cash instead of issuing more shares. Scripps shareholders will have the option to elect to receive their consideration in cash, stock or the mixture described above, subject to pro rata cut backs to the extent cash or stock is oversubscribed. Because of the complex structure of this deal, we are treating it as a Special Conditions deal with a deal price of $90.

WGL 06/30/2018 4.28% 5.62%
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.

CPN 03/31/2018 4.02% 7.86%
Calpine Corporation merger details:

Expected to close in the first quarter of 2018 for a closing value of $17.3 billion. Upon completion of the merger, shareholders of Calpine Corporation will receive $15.25 per share in cash.

XCRA 12/31/2017 3.74% 14.09%
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.

ATW 09/30/2017 3.38% 246.63%
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.

SBCP 03/31/2018 3.31% 6.45%
Sunshine Bancorp, Inc. merger details:

Expected to close in the first quarter of 2018 for a closing value of $176.7 million in an all stock deal. Under the terms of the agreement, Sunshine shareholders will receive 0.89 shares of CSFL common stock for each outstanding share of Sunshine.

AVA 12/31/2018 3.11% 2.46%
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.

Update(s)

September 14, 2017: Hydro One Limited and Avista Corporation (AVA) filed applications requesting regulatory approval of the proposed merger of the two companies. The applications have been filed with state utility commissions in Washington, Idaho, Oregon, Montana, and Alaska, as well as with the Federal Energy Regulatory Commission (FERC), requesting approval of the transaction on or before August 14, 2018.

TRCO 12/31/2017 2.99% 11.24%
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.

AKRX 03/31/2018 2.84% 5.55%
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.

Update(s)

July 19, 2017: Akorn (AKRX) announced that its shareholders, at a special meeting, have overwhelmingly voted to approve the previously announced merger agreement providing for the acquisition of Akorn by Fresenius Kabi.

PBNC 12/31/2017 2.69% 10.11%
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.

TESO 12/31/2017 1.81% 6.79%
Tesco Corporation merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $157.23 million in an all stock deal. Under the terms of the agreement, TESCO shareholders will be issued 0.68 common shares of Nabors for each outstanding share of common stock of TESCO.

SNBC 01/31/2018 1.79% 5.11%
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.

NMRX 12/31/2017 1.72% 6.47%
Numerex Corp. merger details:

Expected to close by the end of 2017 for a closing value of $107 million in an all stock deal. Under the terms of the Merger Agreement, Numerex shareholders will receive a fixed exchange ratio of 0.1800 common shares of Sierra Wireless for each share of Numerex common stock. 

STRP 03/15/2018 1.70% 3.62%
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.

This is an all stock deal but the consideration is fixed at $184/share. The number of Verizon shares that shareholders will receive will vary to get to the $184/share fixed consideration. We are treating this as a special conditions deal.

Update(s)

August 2, 2017: Straight Path Communications (STRP) stockholders voted in favour of the proposal, to adopt the merger agreement between Straight Path Communications, Verizon Communications (VZ) and Waves Merger Sub.

SVA 12/31/2017 1.60% 6.01%
Sinovac Biotech Ltd. merger details:

Expected to close in the second half of 2017 for a closing value 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).
RICE 12/31/2017 1.56% 5.86%
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.

Update(s)

September 14, 2017: Hedge fund D.E. Shaw & Co urged (EQT), which is buying Rice Energy (RICE) in a $6.7 billion deal, to split into two parts after the deal and to speed up efforts to boost the company's stock price.

MSFG 03/31/2018 1.48% 2.89%
MainSource Financial Group, Inc. merger details:

Expected to close in the third quarter of 2017 for a closing value of $1 billion in an all stock deal. Under the terms of the merger agreement, shareholders of MainSource will receive 1.3875 common shares of First Financial common stock for each share of MainSource common stock.

ABCO 03/31/2018 1.48% 2.88%
The Advisory Board Company merger details:

Expected to close by the end of 2017 or in early 2018 for a closing value of $2.66 billion. Under the terms of the agreement, stockholders of the Advisory Board Company would receive estimated cash per share of $54.29, which includes a fixed amount of $52.65 per share and the after-tax value at closing of the Company’s 7.6% stake in Evolent Health, Inc., which has been estimated as of August 28, 2017.

XBKS 01/15/2018 1.45% 4.73%
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. 

OA 06/30/2018 1.40% 1.84%
Orbital ATK, Inc. merger details:

Expected to close in the first half of 2018 for a closing value of $9.2 billion. Upon completion of the merger, shareholders of Orbital ATK will receive $134.50 per share in cash.

ANCB 09/30/2017 1.38% 100.59%
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.

ALR 09/29/2017 1.29% 117.80%
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).

September 18, 2017: Abbott (ABT) announced that it is extending its previously announced tender offer to purchase for cash all outstanding shares of Series B Convertible Perpetual Preferred Stock of Alere (ALR) at a price of $402.00 per share of Preferred Stock, plus accrued but unpaid dividends.  The Offer is being extended to allow additional time for the consummation of the Merger, which is a condition to the completion of the Offer.  The Offer was previously scheduled to expire on September 15, 2017 and will now expire on September 29, 2017.

CBF 12/31/2017 1.22% 4.59%
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.

BKMU 03/31/2018 1.19% 2.33%
Bank Mutual Corporation merger details:

Expected to close in the first quarter of 2018 for a closing value of $482 million in an all stock deal. Under the terms of the agreement, Bank Mutual shareholders will receive 0.422 shares of Associated common stock for each share of Bank Mutual common stock.

FIG 12/31/2017 1.13% 4.24%
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. 

DGI 10/31/2017 1.06% 10.72%
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.

Update(s)

July 27, 2017: DigitalGlobe (DGI) announced its preliminary results that its shareowners overwhelmingly voted to approve the Company’s proposed merger with MacDonald, Dettwiler and Associates. As previously announced, the transaction is expected to close in or shortly after the third quarter of 2017, subject to approval from the Committee on Foreign Investment in the United States and other customary approvals and closing conditions.

FSBK 12/31/2017 0.97% 3.65%
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.

AMFW 12/31/2017 0.96% 3.63%
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.

CACQ 10/06/2017 0.92% 30.42%
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.

July 25, 2017: Caesars Entertainment Corporation (CZR) and Caesars Acquisition Company (CACQ) announced that stockholders of both companies voted to approve the previously announced merger of Caesars Entertainment and Caesars Acquisition. Caesars Entertainment currently anticipates completing the Merger and CEOC’s restructuring in the first week of October.

WNRL 12/31/2017 0.73% 2.74%
Western Refining Logistics, LP merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $1.8 billion in an all stock deal. Under the terms of the Merger agreement, WNRL unitholders will receive an exchange ratio of 0.5233 ANDX common units for each WNRL common unit held.

BCR 11/30/2017 0.73% 4.02%
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.

SCLN 12/31/2017 0.72% 2.71%
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.

SPA 01/08/2018 0.64% 2.23%
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.

WFBI 12/31/2017 0.59% 2.23%
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.

DDC 12/31/2017 0.49% 1.86%
Dominion Diamond Corporation merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $1.06 billion. Upon completion of the merger, shareholders of Dominion Diamond Corporation will receive $14.25 per share in cash.

Update(s)

September 19, 2017: Dominion Diamond Corporation (DDC) announced that at the special meeting of the shareholders of the Company, Shareholders overwhelmingly approved the previously-announced plan of arrangement pursuant to which Northwest Acquisitions has agreed to acquire all of the issued and outstanding common shares of the Company.

September 22, 2017: Dominion Diamond Corporation (DDC) announced that the Ontario Superior Court of Justice has issued a final order approving its previously-announced plan of arrangement pursuant to which Northwest Acquisitions ULC, an entity affiliated with The Washington Companies, has agreed to acquire all of the issued and outstanding common shares of the Company.

WBKC 10/31/2017 0.47% 4.79%
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.

CCC 12/31/2017 0.47% 1.76%
Calgon Carbon Corporation merger details:

Expected to be completed by the end of December, 2017 for a closing value of $1.3 billion. Upon completion of the merger, shareholders of Calgon Carbon will receive $21.50 per share in cash.

SSNI 03/31/2018 0.43% 0.84%
Silver Spring Networks, Inc. merger details:

Expected to close in late 2017 or early 2018 for a closing value of $712 million. Upon completion of the merger, shareholders of Silver Spring Networks will receive $16.25 per share in cash.

LVLT 10/31/2017 0.41% 4.15%
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).

August 23, 2017: The State of New Jersey has approved CenturyLink’S (CTL) pending acquisition of Level 3 Communications (LVLT). 

September 12, 2017: CenturyLink (CTL) announced it is updating the closing timeframe for its acquisition of Level 3 Communications (LVLT). Based on the proposed decision filed by the California Administrative Law Judge last Friday recognizing that the combination of CenturyLink and Level 3 is in the public interest and recommending the California Public Utilities Commission approve the transaction at its Oct. 12 meeting, CenturyLink now anticipates the Level 3 transaction to close in mid-to-late October 2017.

SFR 12/31/2017 0.39% 1.48%
Starwood Waypoint Homes merger details:

Expected to close by year end for a closing value of $7.36 billion in an all stock deal. Under the terms of the agreement, each Starwood Waypoint Homes share will be converted into 1.614 Invitation Homes shares, based on a fixed exchange ratio. The all-stock merger is intended to be a tax-free transaction.

LMOS 09/30/2017 0.39% 28.50%
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.

KITE 12/31/2017 0.39% 1.47%
Kite Pharma, Inc. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $11.9 billion. Upon completion of the merger, shareholders of Kite Pharma will receive $180 per share in cash.

RATE 12/31/2017 0.36% 1.35%
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.

Update(s)

September 13, 2017: Bankrate (RATE) announced that Bankrate stockholders voted at a special meeting of stockholders to adopt the Agreement and Plan of Merger providing for the merger of a wholly owned subsidiary of Red Ventures Holdco, with and into Bankrate. 

PMC 05/01/2018 0.34% 0.57%
PharMerica Corporation merger details:

Expected to complete early in 2018 for a closing value of $1.39 billion. Upon completion of the merger, shareholders of PharMerica will receive $29.25 per share in cash.

PCBK 09/30/2017 0.32% 23.58%
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.

NDRM 10/15/2017 0.32% 5.87%
NeuroDerm Ltd. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $654.33 million. Upon completion of the merger, shareholders of NeuroDerm will receive $39.00 per share in cash.

Update(s)

September 12, 2017: NeuroDerm (NDRM) announced that at NeuroDerm’s extraordinary general meeting of shareholders, NeuroDerm shareholders voted to approve the previously announced acquisition by Mitsubishi Tanabe Pharma Corporation. The Company expects the merger to be completed in mid-October 2017.

VWR 09/30/2017 0.27% 19.81%
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.

PSTB 12/31/2017 0.25% 0.95%
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. 

SNC 12/31/2017 0.24% 0.90%
State National Companies, Inc. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $919 million. Upon completion of the merger, shareholders of State National Companies will receive $21.00 per share in cash.

RBPAA 09/30/2017 0.22% 16.03%
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.

NEFF 12/31/2017 0.20% 0.75%
Neff Corporation merger details:

Expected to close in the fouth quarter of 2017 for a closing value of $838 million. Under the terms of the agreement, shareholders of Neff Corporation will receive $25.00 per share in cash.

BSF 03/31/2018 0.19% 0.38%
Bear State Financial, Inc. merger details:

Expected to close in the fourth quarter of 2017 or the first quarter of 2018 for a closing value of $391 million. Upon completion of the merger, shareholders of Bear State Financial will receive $10.28 per share in cash.

AF 12/31/2017 0.17% 0.63%
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.

Update(s)

August 16, 2017: Sterling Bancorp (STL) and Astoria Financial Corporation (AF) announced that the Office of the Comptroller of the Currency has approved the merger of Astoria with and into Sterling. 

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.
PKY 12/31/2017 0.13% 0.49%
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.

 

PRXL 09/29/2017 0.13% 11.41%
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.

Update(s)

September 18, 2017: PAREXEL International Corporation (PRXL) announced that its shareholders approved the previously announced proposed acquisition of the Company by certain investment funds affiliated with Pamplona Capital Management. The closing of the transaction is anticipated to occur on or about Friday, September 29, 2017, subject to the satisfaction of customary closing conditions at such time.

FPO 12/31/2017 0.09% 0.34%
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.

MXPT 12/31/2017 0.07% 0.27%
MaxPoint Interactive, Inc. merger details:

Expected to close in the fourth quarter of 2017 for a closing value of $101 million. Upon completion of the merger, shareholders of Maxpoint will receive $13.86 per share in cash.

CAB 09/30/2017 0.05% 3.56%
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.

September 6, 2017: Cabela’s Incorporated (CAB) was notified that the Board of Governors of the Federal Reserve (the “FRB”) has approved the previously announced sale of the assets and liabilities of the Company’s wholly owned bank subsidiary, World’s Foremost Bank, to Synovus Bank.

HSNI 12/31/2017 0.01% 0.04%
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.

FGL 12/31/2017 0.00% 0.00%
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.

SHOR 09/30/2017 0.00% 0.00%
ShoreTel, Inc. merger details:

Expected to close in the third quarter of 2017 for a closing value of $430 milion. Upon completion of the merger, shareholders of ShoreTel will receive $7.50 per share in cash.

Update(s)

September 18, 2017: Mitel Networks Corporation (MITL) announced that the tender offer made by Mitel’s indirect, wholly-owned subsidiary to acquire all of the issued and outstanding shares of common stock of ShoreTel (SHOR) has been extended until  September 22, 2017. The Offer was previously scheduled to expire on September 18, 2017.

STS 12/31/2017 0.00% 0.00%
Supreme Industries, Inc. merger details:

Expected to close for a closing value of $260.9 million. Upon completion of the merger, shareholders of Supreme Industries will receive $21.00 per share in cash.

Update(s)

September 7, 2017: Wabash National Corporation (WNC) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, or HSR Act, applicable to the acquisition of Supreme Industries (STS) by Wabash National expired on September 6, 2017.

WSTC 12/31/2017 -0.04% -0.16%
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.

OB 12/31/2017 -0.06% -0.21%
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.

ZPIN 12/31/2017 -0.11% -0.41%
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.

CUNB 12/31/2017 -0.13% -0.50%
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.

SEV 09/27/2017 -0.18% -33.12%
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.

Update(s)

September 22, 2017: Sevcon (SEV) announced that its stockholders overwhelmingly approved the proposed acquisition of Sevcon by BorgWarner at the Special Meeting of Stockholders. Subject to satisfaction or waiver of all other conditions, the closing of the acquisition is expected to occur on or about September 27, 2017.

OKSB 09/30/2017 -0.19% -14.18%
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.

LDR 12/31/2017 -0.22% -0.84%
Landauer, Inc. merger details:

Expected to close by the end of 2017 for a closing value of $770 million. Upon completion of the merger, shareholders of Landauer will receive $67.25 per share in cash.

BOBE 03/31/2018 -0.32% -0.63%
Bob Evans Farms, Inc. merger details:

Expected to be completed in the first quarter of 2018 for a closing value of $1.53 billion. Upon completion of the merger, shareholders of Bob Evans Farms will receive $77 per share in cash.

ARCX 01/31/2018 -0.42% -1.20%
Arc Logistics Partners LP merger details:

Expected to close at the end of the fourth quarter of 2017 or early in the first quarter of 2018 for a closing vlaue of $632.96 million. Upon completion of the merger, shareholders of Arc Logistic Partners will receive $16.50 per share in cash.

HNH 12/31/2017 -0.47% -1.76%
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.

IXYS 03/31/2018 -1.29% -2.51%
IXYS Corporation merger details:

Expected to close in the first quarter of 2018 for a closing value of $655 million in a cash or stock deal. Upon completion of the merger, each IXYS stockholder will be entitled to elect to receive, per IXYS share, either $23.00 in cash or 0.1265 of a share of Littelfuse common stock, subject to proration.

NXPI 12/31/2017 -2.34% -8.82%
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.

August 24, 2017: Qualcomm Incorporated (QCOM) announced that Qualcomm River Holdings 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 September 22, 2017, unless extended or earlier terminated, in either case pursuant to the terms of the Purchase Agreement. The transaction is expected to close by the end of calendar 2017.

September 6, 2017: EU antitrust regulators have halted for a second time their review of U.S. smartphone chipmaker Qualcomm's (QCOM) $38-billion bid for NXP Semiconductors (NXPI) after the companies failed to provide key details of the deal.

September 22, 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 October 20, 2017, unless extended or earlier terminated, in either case pursuant to the terms of the Purchase Agreement. The transaction is expected to close by the end of calendar 2017.

SGBK 12/31/2017 -2.58% -9.73%
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.

RIC 11/15/2017 -2.63% -18.82%
Richmont Mines Inc. merger details:

Expected to close by mid-2017 for a closing value of $455.53 million in an all stock deal. Under the terms of the Agreement, all of the Richmont issued and outstanding common shares will be exchanged on the basis of 1.385 Alamos common shares for each Richmont common share.

GNCMA 12/31/2017 -19.75% -74.33%
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).

DMTX 12/31/2017 -24.68% -92.88%
Dimension Therapeutics, Inc. merger details:

Expected to close by year-end 2017 for a closing value of $41 million in an all stock deal. Under the terms of the agreement, Dimension shareholders will receive 0.1573 shares of REGENXBIO in exchange for each of their shares in Dimension.

Update(s)

September 18, 2017: Ultragenyx Pharmaceutical (RARE) announced that it has made a proposal to acquire all of the outstanding shares of common stock of Dimension Therapeutics (DMTX) for $5.50 per share, or approximately $138 million, in cash. On September 19, 2017, Dimension Therapeutics announced that its Board of Directors has determined in good faith, after consultation with its financial advisor and outside legal counsel, that the non-binding, unsolicited proposal from Ultragenyx Pharmaceutical to acquire Dimension could reasonably be expected to lead to a “Superior Proposal” as defined in Dimension’s merger agreement with Regenxbio (RGNX).

ANGI 12/31/2017 -32.70% -123.05%
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.