+ | PLXT | 04/30/2012 | Integrated Device Technology, Inc. (IDTI) | Cash Plus Stock | $330 million | $6.53 | $4.34 | 1,233,791 | 11/09/2012 | 50.56% | 1025.34% |
Details of PLX Technology Inc. Expected to close on November 9, 2012 for a closing value of $330 million in a cash plus stock deal. Upon completion of the merger, shareholders of PLX Technology will receive $3.50 in cash and 0.525 shares of IDT common stock for each PLX common share outstanding. Update(s) June 19, 2012: The exchange offer is being extended as the applicable waiting period pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) has not yet expired or been terminated, and the exchange offer is now set to expire at the end of the day on July 12, 2012, at 12:00 midnight, New York City time, unless further extended. July 11, 2012: Integrated Device Technology said that it is extending the expiration date of its exchange offer for all outstanding shares of common stock of PLX Technology to August 9, 2012. August 9, 2012: Integrated Device Technology extended the expiration date of its exchange offer for all outstanding shares of common stock of PLX Technology to September 6, 2012. |
+ | BIDZ | 05/17/2012 | Glendon Group, Inc. (N/A) | All Cash | N/A | $0.78 | $0.62 | N/A | 10/15/2012 | 25.81% | 0.00% |
Details of BIDZ.com, Inc. Expected to close in the fourth quarter of 2012. Upon completion of the merger, shareholders of BIDZ.com will receive $0.78 per share in cash. Update(s) October 16, 2012: As of the close of business on October 15, 2012, Glendon Group has not closed the merger with BIDZ.COM as announced previously. BIDZ.COM intends to work cooperatively with Glendon Group and with Weston Capital and its affiliated fund to seek to close the merger as expeditiously as reasonably practicable. |
+ | BXG | 11/14/2011 | BFC Financial Corporation (BFCF) | All Stock | N/A | $6.40 | $5.60 | 143,189 | 12/31/2012 | 14.29% | 74.49% |
Details of Bluegreen Corporation Expected to close by the end of the year 2012 in an all stock deal, where shareholders of Bluegreen Corporation will be entitled to receive eight shares of BFC’s Class A Common Stock for each share of Bluegreen’s Common Stock they hold at the effective time of the merger. Update(s): August 30, 2012: BFC Financial Corp. was dealt a setback in its attempt to get listed on a major stock exchange, a requirement for its pending merger with Bluegreen Corp., after the NASDAQ and NYSE cited the Securities and Exchange Commission lawsuit against BFC Chairman and CEO Alan B. Levan. |
+ | NXY | 07/23/2012 | CNOOC Ltd. (CEO) | All Cash | $15.1 billion | $27.50 | $25.40 | 18,331,880 | 12/31/2012 | 8.27% | 43.11% |
Details of Nexen Inc. Expected to close in the fourth quarter of 2012 for a closing value of $15.1 billion. Upon completion of the merger, shareholders of Nexen will receive $27.50 per share in cash. |
+ | WSB | 09/10/2012 | Old Line Bancshares, Inc. (OLBK) | All Stock | $49 million | $6.12 | $5.70 | 8,136 | 06/30/2013 | 7.34% | 10.67% |
Details of WSB Holdings, Inc. Expected to close in the second quarter of 2013 for a closing value of $49 million. Shareholders of WSB Holdings will receive either Old Line common stock or cash with a 65%/35% stock/cash mix. Each share of WSB Holdings will receive either 0.5608 shares of Old Line or $6.09/share in cash subject to adjustments based on certain conditions. We are treating this deal as an all stock deal. |
+ | ECBE | 09/25/2012 | Crescent Financial Bancshares, Inc. (CRFN) | All Stock | $51.6 million | $15.80 | $14.78 | 300 | 03/31/2013 | 6.88% | 15.70% |
Details of ECB Bancorp Inc. Expected to close in the first quarter of 2013 for a closing value of $51.6 million. Upon completion of the merger, shareholders of ECB Bancorp will receive ECB shareholders will receive 3.55 shares of Crescent Financial. |
+ | CYMI | 10/17/2012 | ASML Holding NV (ASML) | Cash Plus Stock | $2.5 billion | $80.02 | $75.75 | 1,703,695 | 06/30/2013 | 5.63% | 8.19% |
Details of Cymer Inc. Expected to close in the first half of 2013 for a closing value of $2.5 billion in a cash plus stock deal. Under the terms of the agreement each Cymer shareholder to receive US$20.00 in cash and a fixed ratio of 1.1502 ASML ordinary shares per Cymer share. |
+ | SHAW | 07/30/2012 | Chicago Bridge & Iron Company (CBI) | Cash Plus Stock | $3 billion | $45.93 | $43.69 | 5,578,130 | 03/31/2013 | 5.13% | 11.71% |
Details of Shaw Group Inc. Expected to close in the first calender quarter of 2013 for a closing value of $3 billion in a cash plus stock deal. Under the terms of the agreement, Shaw’s shareholders will receive $41.00 in cash and $5.00 in CB&I equity (0.12883 shares based on an agreed upon recent average stock price of $38.81 per share) for each share of Shaw stock at closing. |
+ | GEOY | 07/23/2012 | DigitalGlobe, Inc. (DGI) | Cash Plus Stock | $900 million | $30.05 | $28.85 | 89,032 | 03/31/2013 | 4.15% | 9.46% |
Details of GeoEye, Inc. Expected to close in the fourth quarter of 2012 or the first quarter of 2013 for a closing value of $900 million. Under the terms of the agreement, shareholders of GEOY can choose to receive either $20.27 in cash, 1.425 shares of DigitalGlobe Inc. stock, or a combination of 1.137 shares of stock and $4.10 per share in cash, for each of their GeoEye shares. We have opted to treat this as a stock plus cash deal because the aggregate consideration mix will reflect 1.137 shares of DGI and $4.10 per share in cash. |
+ | CYBI | 10/17/2012 | UM Holdings, Ltd. (N/A) | All Cash | N/A | $2.55 | $2.45 | 133,162 | 03/31/2013 | 4.08% | 9.31% |
Details of Cybex International Inc. Expected to close in the first quarter of 2013. Upon completion of the merger, shareholders of Cybex International will receive $2.55 per share in cash. |
+ | GNOM | 09/17/2012 | BGI-Shenzhen (N/A) | All Cash | $117.6 million | $3.15 | $3.03 | 162,091 | 03/31/2013 | 3.96% | 9.03% |
Details of Complete Genomics, Inc. Expected to close early in 2013 for a closing value of $117.6 million. Upon completion of the merger, shareholders of Complete Genomics will receive $3.15 per share in cash. |
+ | CRBC | 09/13/2012 | FirstMerit Corporation (FMER) | All Stock | $912 million | $19.34 | $18.65 | 330,720 | 06/30/2013 | 3.72% | 5.41% |
Details of Citizens Republic Bancorp, Inc Expected to close in the second quarter of 2013 for a closing value of $912 million in an all stock deal. Under the terms of the agreement, Citizens’ shareholders will receive a fixed 1.37 shares of FirstMerit common stock in exchange for each share of Citizens’ common stock. |
+ | DTG | 08/27/2012 | Hertz Global Holdings, Inc. (HTZ) | All Cash | $2.3 billion | $87.50 | $84.75 | 2,303,679 | 03/31/2013 | 3.24% | 7.40% |
Details of Dollar Thrifty Automotive Group Inc. Expected to close in the first quarter of 2013 for a closing value of $2.3 billion. Upon completion of the merger, shareholders of Dollar Thrifty Automotive Group will receive $87.50 per share in cash. |
+ | BTFG | 05/29/2012 | Trustmark Corporation (TRMK) | All Stock | $55.4 million | $2.93 | $2.86 | 8,694 | 12/31/2012 | 2.49% | 12.99% |
Details of BancTrust Financial Group, Inc. Expected to close in the fourth quarter of 2012 for a closing value of $55.4 million in an all stock deal. Upon completion of the merger, shareholders of BancTrust Financial Group will receive 0.125 shares of Trustmark common stock for each share of BancTrust common stock in a tax-free exchange. |
+ | BFED | 05/31/2012 | Berkshire Hills Bancorp Inc. (BHLB) | All Stock | $132 million | $21.34 | $20.84 | N/A | 12/31/2012 | 2.42% | 12.61% |
Details of Beacon Federal Bancorp, Inc. Expected to close in the fourth quarter of 2012 for a closing value of $132 million in an all stock deal. Under the terms of the merger agreement, 50% of the outstanding Beacon shares will be exchanged for Berkshire shares at a fixed exchange ratio of 0.92 shares for each Beacon share, while the remaining 50% of Beacon shares will be exchanged for cash in the amount of $20.50 per share. To take a more conservative approach, we have entered this deal as an all stock deal. |
+ | FSIN | 06/28/2012 | Chairman and Co-Chief Executive Officer, Mr. Li Fu, and Abax Global Capital (Hong Kong) Limited (N/A) | All Cash | N/A | $9.50 | $9.29 | 181,888 | 12/31/2012 | 2.26% | 11.79% |
Details of Fushi Copperweld, Inc. Expected to close by the end of the year. Upon completion of the merger, shareholders of Fushi Copperweld will receive $9.50 per share in cash. |
+ | SAVB | 08/08/2012 | SCBT Financial Corporation (SCBT) | All Stock | $67.1 million | $9.69 | $9.49 | 1,704 | 12/31/2012 | 2.15% | 11.22% |
Details of The Savannah Bancorp, Inc. Expected to close in the fourth quarter of 2012 for a closing value of $67.1 million in an all stock deal. Under the terms of the agreement, shareholders of The Savannah Bancorp, Inc. will receive 0.2503 shares of SCBT common stock for each share of SAVB common stock. |
+ | YTEC | 08/13/2012 | New Sihitech Limited (N/A) | All Cash | $79.5 million | $3.90 | $3.82 | 48,505 | 12/31/2012 | 2.09% | 10.92% |
Details of Yucheng Technologies Limited The acquisition of Yucheng Technologies Limited (YTEC) by New Sihitech Limited in a “going private” transaction for $79.5 million or $3.90 per share in an all cash deal. The deal is expected to close before the end of the fourth quarter of 2012. |
+ | ALNC | 10/08/2012 | NBT Bancorp Inc. (NBTB) | All Stock | $233.4 million | $44.91 | $44.04 | 9,651 | 06/30/2013 | 1.97% | 2.87% |
Details of Alliance Financial Corporation Expected to close in the second quarter of 2013 for a closing value of $233.4 million. Under the terms of the merger agreement, each outstanding share of Alliance common stock will be converted into the right to receive 2.1779 shares of NBT common stock upon completion of the merger. |
+ | GEN | 07/23/2012 | NRG Energy, Inc. (NRG) | All Stock | $1.7 billion | $2.83 | $2.78 | 11,944,699 | 03/31/2013 | 1.83% | 4.17% |
Details of GenOn Energy, Inc. Expected to close in the first quarter of 2013 for a closing value of $1.7 billion in an all stock deal. Upon completion of the merger, shareholders of GenOn Energy will receive 0.1216 of a share of NRG common stock in exchange for each GenOn share of common stock. |
+ | MRX | 09/03/2012 | Valeant Pharmaceuticals International, Inc. (VRX) | All Cash | $2.6 billion | $44.00 | $43.30 | 1,468,656 | 06/30/2013 | 1.62% | 2.35% |
Details of Medicis Pharmaceutical Corp. Expected to close in the first half of 2013 for a closing value of $2.6 billion. Upon completion of the merger, shareholders of Medicis Pharmaceutical will receive $44.00 per share in cash. |
+ | NOOF | 10/15/2012 | LFP Broadcasting, LLC (N/A) | All Cash | $33 million | $2.02 | $1.99 | N/A | 12/31/2012 | 1.51% | 7.86% |
Details of New Frontier Media, Inc. Expected to close in the fourth quarter of 2012 for a closing value of $33 million. Upon completion of the merger, shareholders of New Frontier Media will receive $2.02 per share in cash. New Frontier Media shareholders may also be entitled to receive additional contingent cash payments, not to exceed $0.06 per common share, tied to the extent to which New Frontier Media’s available cash balance at the closing of the tender offer, less unpaid transaction expenses, exceeds $11,514,000. |
+ | CVH | 08/20/2012 | Aetna Inc. (AET) | Cash Plus Stock | $7.3 billion | $44.22 | $43.56 | 679,701 | 06/30/2013 | 1.50% | 2.19% |
Details of Coventry Health Care Inc. Expexted to close in mid 2013 for a closing vaue of $7.3 billion in a cash plus stock deal. Under the terms of the agreement, Coventry stockholders will receive $27.30 in cash and 0.3885 Aetna common shares for each Coventry share. common shares for each Coventry share |
+ | CFFC | 08/02/2012 | City Holding Company (CHCO) | All Stock | $26.1 million | $6.04 | $5.96 | N/A | 03/31/2013 | 1.33% | 3.03% |
|
+ | NEBS | 05/31/2012 | United Financial Bancorp, Inc. (UBNK) | All Stock | $91.0 million | $13.94 | $13.77 | 21,824 | 12/31/2012 | 1.24% | 6.48% |
Details of New England Bancshares, Inc. Expected to close by the end of the year for a closing value of $91 million in an all stock deal, where shareholders of New England Bancshares will receive 0.9575 of a share of United Financial Bancorp common stock. |
+ | CEBK | 05/01/2012 | Independent Bank Corp. (INDB) | All Cash | $54.8 million | $32.00 | $31.63 | 2,591 | 12/31/2012 | 1.17% | 6.10% |
Details of Central Bancorp Inc. Expected to close in the fourth quarter of 2012 for a closing value of $54.8 million. Upon completion of the merger, shareholders of Central Bancorp will receive $32.00 per share in cash. According to the press release, “Under the terms of the agreement, 60% of outstanding Central Bancorp., Inc. shares will be exchanged for shares of Independent Bank Corp., at an exchange ratio subject to limited adjustment, and 40% of outstanding Central Bancorp., Inc. shares will be purchased for $32.00 per share in cash.” Since the exchange ratio is subject to adjustment, we are going to treat this as an all cash deal in our arbitrage tool. |
+ | WWIN | 07/24/2012 | Winner Holding Limited (N/A) | All Cash | N/A | $4.50 | $4.46 | 6,377 | 03/31/2013 | 0.90% | 2.05% |
Details of Winner Medical Group Inc. Expected to close before the end of the first fiscal quarter of 2013. Upon completion of the merger, shareholders of Winner Medical Group will receive $4.50 per share in cash. |
+ | LMLP | 09/24/2012 | Digital River, Inc. (DRIV) | All Cash | $102.8 million | $3.45 | $3.42 | 27,982 | 03/31/2013 | 0.88% | 2.00% |
Details of LML Payment Systems Inc. Expected to close in the fourth quarter of 2012 or the first quarter of 2013 for a closing value of $102.8 million. Upon completion of the merger, shareholders of LML Payment Systems will receive $3.45 per share in cash. |
+ | CTFO | 06/08/2012 | TransCloud Company Limited (N/A) | All Cash | $146.6 million | $5.80 | $5.75 | 50,964 | 12/31/2012 | 0.87% | 4.53% |
Details of China TransInfo Technology Corp. Expected to close in the fourth quarter of 2012 for a closing value of $146.6 million. Upon completion of the merger, shareholders of China TransInfo Technology will receive $5.80 per share in cash. |
+ | HCBK | 08/27/2012 | M&T Bank Corporation (MTB) | All Stock | $3.7 billion | $8.71 | $8.64 | 4,154,770 | 03/31/2013 | 0.86% | 1.95% |
Details of Hudson City Bancorp, Inc. Expected to close in the first quarter of 2013 for a closing value of $3.7 billion in an all stock deal. Under the terms of the agreement, shareholders of Hudson City Bancorp will receive consideration valued at 0.08403 of an M&T share in the form of either M&T stock or cash. |
+ | KH | 09/27/2012 | Medtronic, Inc. (MDT) | All Cash | $816 million | $30.75 | $30.52 | 980,320 | 12/31/2012 | 0.75% | 3.93% |
Details of China Kanghui Holdings Expected to close by the end of the year for a closing value of $816 million. Upon completion of the merger, shareholders of China Kanghui Holdings will receive $30.75 per share in cash. |
+ | VSNT | 10/01/2012 | UNICOM Systems, Inc. (N/A) | All Cash | $32 million | $11.50 | $11.42 | 38,698 | 01/31/2013 | 0.70% | 2.53% |
Details of Versant Corp. Expected to close in Versant’s fiscal 2013 first quarter ending January 31, 2013 for a closing value of $32 million. Upon completion of the merger, shareholders of Versant Corporation will receive $11.50 per share in cash. |
+ | DITC | 09/18/2012 | Nuance Communications, Inc. (NUAN) | All Cash | $22.5 million | $1.45 | $1.44 | 236,300 | 12/31/2012 | 0.69% | 3.62% |
Details of Ditech Networks, Inc. Expected to close in late 2012 for a closing value of $22.5 million. Upon completion of the merger, shareholders of Ditech Networks will receive $1.45 per share in cash. |
+ | FSBI | 07/19/2012 | WesBanco Inc. (WSBC) | Cash Plus Stock | $70.8 million | $21.46 | $21.32 | N/A | 03/31/2013 | 0.64% | 1.45% |
Details of Fidelity Bancorp Inc. Expected to close in the fourth quarter of 2012 or first quater of 2013 for a closing value of $70.8 million in a cash plus stock deal. Upon completeion of the merger, shareholders of Fidelity Bancorp will receive 0.8275 shares of WesBanco common stock and cash in the amount of $4.50 per share for each share of Fidelity common stock. |
+ | PRST | 08/23/2012 | MAI Holdings, Inc., an entity affiliated with American Industrial Partners Capital Fund IV, L.P. (N/A) | All Cash | N/A | $0.50 | $0.497 | 4,364 | 12/31/2012 | 0.60% | 3.15% |
Details of Presstek Inc. Expected to close in the fourth quarter of 2012. Upon completion of the merger, shareholders of Presstek will receive $0.50 per share in cash. |
+ | CBE | 05/21/2012 | Eaton Corporation (ETN) | Cash Plus Stock | $11.46 billion | $74.64 | $74.20 | 1,444,042 | 12/31/2012 | 0.60% | 3.11% |
Details of Cooper Industries plc Expected to close in the second half of 2012 for a closing value of $11.46 billion in a cash plus stock deal. Upon completion of the merger, shareholders of Cooper Industries will receive $39.15 in cash and 0.77479 shares of the newly created company. |
+ | RBN | 08/09/2012 | National Oilwell Varco, Inc. (NOV) | All Cash | $2.5 billion | $60.00 | $59.68 | 1,031,647 | 12/31/2012 | 0.54% | 2.80% |
Details of Robbins & Myers Inc. Expected to close in the fourth quarter of calendar 2012 for a closing value of $2.5 billion. Upon completion of the merger, shareholders of Robbins & Myers will receive $60.00 per share in cash. |
+ | SUNH | 06/20/2012 | Genesis HealthCare (N/A) | All Cash | $275 million | $8.50 | $8.46 | 324,295 | 09/30/2012 | 0.47% | 0.00% |
Details of Sun Healthcare Group, Inc. Expected to close in the fall for a closing value of $275 million. Upon completion of the merger, shareholders of Sun Healthcare Group will receive $8.50 per share in cash. |
+ | SBX | 08/28/2012 | Enstar Group Limited (ESGR) | All Cash | $249 million | $11.11 | $11.06 | 129,213 | 03/31/2013 | 0.45% | 1.03% |
Details of SeaBright Holdings, Inc. Expected to close in the first quarter of 2013 for a closing value of $249 million. Upon completion of the merger, shareholders of SeaBright Holdings will receive $11.11 per share in cash. |
+ | PLFE | 07/13/2012 | Athene Annuity (N/A) | All Cash | $415 million | $14.00 | $13.94 | 324,676 | 12/31/2012 | 0.43% | 2.24% |
Details of Presidential Life Corp. Expected to close in late 2012 for a closing value of $415 million. Upon completion of the merger, shareholders of Presidential Life will receive $14.00 per share in cash. |
+ | SRZ | 08/22/2012 | Health Care REIT, Inc. (HCN) | All Cash | $845 million | $14.50 | $14.45 | 323,767 | 06/30/2013 | 0.35% | 0.50% |
Details of Sunrise Senior Living Inc. Expected to clse in the first half of 2013 for a closing value of $845 million. Upon completion of the merger, shareholders of Sunrise Senior Living will receive $14.50 per share in cash. |
+ | RMTR | 09/19/2012 | Cypress Semiconductor Corporation (CY) | All Cash | $109.8 million | $3.10 | $3.09 | 68,320 | 12/31/2012 | 0.32% | 1.69% |
Details of Ramtron International Corp. Expected to close by the end of the calendar year for a closing value of $109.8 million. Upon completion of the merger, shareholders of Ramtron International will receive $3.10 per share in cash. |
+ | PCBC | 03/12/2012 | UnionBanCal Corp. (N/A) | All Cash | $1.51 billion | $46.00 | $45.86 | 11,454 | 12/31/2012 | 0.31% | 1.59% |
Details of Pacific Capital Bancorp Expected to close in the fourth quarter of 2012 for a closing value of $1.51 billion. Upon completion of the merger, shareholders of Pacific Capital Bancorp will receive $46.00 per share in cash. |
+ | AGP | 07/09/2012 | WellPoint Inc. (WLP) | All Cash | $4.9 billion | $92.00 | $91.72 | 570,914 | 03/31/2013 | 0.31% | 0.70% |
Details of AMERIGROUP Corporation Expected to close in the first quarter of 2013 for a closing value of $4.9 billion. Upon completion of the merger, shareholders of Amerigroup Croporation will receive $92.00 per share in cash. |
+ | FSR | 08/30/2012 | Validus Holdings, Ltd. (VR) | Cash Plus Stock | $600 million | $9.10 | $9.07 | 298,437 | 12/31/2012 | 0.28% | 1.47% |
Details of Flagstone Reinsurance Holdings SA Expected to close for a closing value of $600 million in a cash plus stock deal. Under the terms of the agreement, shareholders of Flagstone Reinsurance Holdings will receive $2 in cash and 0.1935 Validus shares for each share they tender in the offering. |
+ | JAX | 06/25/2012 | Fidelity National Financial, Inc. (FNF) | All Cash | $78 million | $14.50 | $14.46 | 919 | 12/31/2012 | 0.28% | 1.44% |
Details of J. Alexander’s Corp. Expected to close in the fourth quarter of 2012 for a closing value of $72 million. Upon completion of the merger, shareholders of J. Alexander’s Corp will receive $12.00 per share in cash. Shareholders of J Alexander’s can elect to receive $12 per share in cash or a combination of $3 in cash and one share of Class A common stock of American Blue Ribbon Holdings Inc (ABRH), Fidelity said in a statement. When issued, the ABRH shares will be listed for trading on Nasdaq. Update(s) July 31, 2012: FNF has amended its previously announced merger agreement and has agreed to make an all cash tender offer for all of the shares of J. Alexander’s for $13.00 per share in cash. September 5, 2012: Fidelity National Financial Inc And J. Alexander’s Corporation Agrees On Increased Offer Price Of $14.50 Per Share |
+ | KNXA | 08/27/2012 | International Business Machines Corporation (IBM) | All Cash | $1.3 billion | $46.00 | $45.89 | 206,523 | 12/31/2012 | 0.24% | 1.25% |
Details of Kenexa Corp. Expected to close in the fourth quarter of 2012 for a closing value of $1.3 billion. Upon completion of the merger, sharehoders of Kenexa will receive $46.00 per share in cash. |
+ | UDRL | 09/25/2012 | Sidewinder Drilling Inc. (N/A) | All Cash | $242 million | $6.50 | $6.49 | 96,377 | 12/31/2012 | 0.15% | 0.80% |
Details of Union Drilling, Inc. Expected to close in the fourth quarter of 2012 for a closing value of $242 million. Upon completion of the merger, shareholders of Union Drilling will receive $6.50 per share in cash. |
+ | CHG | 02/21/2012 | Fortis Inc. (N/A) | All Cash | $1.5 billion | $65.00 | $64.92 | 40,330 | 03/31/2013 | 0.12% | 0.28% |
Details of CH Energy Group, Inc. Expected to close in the first quarter of 2013 for a closing value of $1.5 billion. Upon completion of the merger, shareholders of CH Energy Group will receive $65.00 per share in cash. |
+ | MEDW | 09/12/2012 | Thoma Bravo, LLC (N/A) | All Cash | $195 million | $22.00 | $21.98 | 34,084 | 12/31/2012 | 0.09% | 0.47% |
Details of Mediware Information Systems Inc. Expected to close before December 31, 2012 for a closing value of $195 million. Upon completion of the merger, shareholders of Mediware Information Systems will receive $22.00 per share in cash. |
+ | CRDN | 10/01/2012 | 3M Co. (MMM) | All Cash | $670 million | $35.00 | $34.97 | 199,262 | 12/31/2012 | 0.09% | 0.45% |
Details of Ceradyne Inc. Expected to close during the fourth quarter of 2012 for a closing value of $670 million. Upon completion of the merger, shareholders of Ceradyne will receive $35.00 per share in cash. |
+ | PEET | 07/23/2012 | Joh. A. Benckiser (N/A) | All Cash | $1 billion | $73.50 | $73.45 | 225,586 | 10/31/2012 | 0.07% | 2.76% |
Details of Peet’s Coffee & Tea, Inc. Expected to close in three months for a closing value of $1 billion. Upon completion of the merger, shareholders of Peet’s Coffee & Tea will receive $73.50 per share in cash. |
+ | ARCT | 09/06/2012 | Realty Income Corp. (O) | All Stock | $2.95 billion | $11.77 | $11.76 | 1,873,821 | 03/31/2013 | 0.05% | 0.12% |
Details of American Realty Capital Trust, Inc. Expected to close late in the fourth quarter of 2012 or ealry in the first quarter of 2013 for a closing value of approximately $2.95 billion in an all stock transaction. Under the deal, Realty Income will pay out 0.2874 of its shares for every American Realty share. |
+ | IRIS | 09/17/2012 | Danaher Corporation (DHR) | All Cash | $340.9 million | $19.50 | $19.49 | 280,955 | 12/31/2012 | 0.05% | 0.27% |
Details of IRIS International Inc. Expected to close in the fourth quarter of 2012 for a closing value of $340.9 million. Upon completion of the merger, shareholders of IRIS International will receive $19.50 per share in cash. |
+ | PSOF | 05/17/2012 | Timesway Group Limited (N/A) | All Cash | N/A | $4.15 | $4.15 | 1,000 | 10/01/2012 | 0.00% | 0.00% |
Details of Pansoft Company Limited Expected to close in the third quarter of 2012. Upon completion of the merger, shareholders of Pansoft Company Limited will receive $4.15 per share in cash. |
+ | USHS | 08/07/2012 | The Home Depot (HD) | All Cash | $93.4 million | $12.50 | $12.50 | 16,352 | 12/31/2012 | 0.00% | 0.00% |
Details of US Home Systems Expected to close by the end of the calendar year 2012 for a closing value of $93.4 million. Upon completion of the merger, shareholders of US Home Systems will receive $12.50 per share in cash. |
+ | WCBO | 09/26/2012 | Columbia Banking System, Inc. (COLB) | All Stock | $506 million | $22.05 | $22.22 | 106,409 | 03/31/2013 | -0.77% | -1.75% |
Details of West Coast Bancorp Expected to close in the first quarter of 2013 for a closing value of $506 million. Under the terms of the merger agreement West Coast shareholders can elect to receive either Columbia common stock, cash, or a combination of both stock and cash. The total cash considering is fixed at $264.5 million and the total stock consideration is fixed at 12.8 million Columbia shares. Based on Columbia’s closing stock price of $18.85 on September 25, West Coast shareholders would have received consideration valued at approximately $23.10 per share. We are going to treat this as an all stock deal with shareholders of West Coast receiving 1.225 shares of Columbia for each West Coast share they hold. |
+ | ZZ | 09/27/2012 | Tempur-Pedic International Inc. (TPX) | All Cash | $1.3 billion | $2.20 | $2.22 | 452,138 | 06/30/2013 | -0.90% | -1.31% |
Details of Sealy Corporation Expected to close in the first half of 2013 for a closing value of $1.3 billion. Upon completion of the merger, shareholders of Sealy Corporation will receive $2.20 per share in cash. |
+ | WLBC | 08/17/2012 | Western Alliance Bancorporation (WAL) | All Cash | $55 million | $4.02 | $4.10 | N/A | 12/31/2012 | -1.95% | -10.17% |
Details of Western Liberty Bancorp Expected to close in the fourth quarter of 2012 for a closing value of $55 million. Upon completion of the merger, shareholders of Western Liberty Bancorp will receive either $4.02 in cash or 0.4341 of a share of Western Alliance Bancorporation for each Western Liberty share owned. |
+ | ABVA | 05/03/2012 | Washington First Bankshares (WFBI) | All Stock | $24.4 million | $4.35 | $4.50 | 3,389 | 12/31/2012 | -3.42% | -17.81% |
Details of Alliance Bankshares Corporation Expected to close in the fourth quarter of 2012 for a closing value of $24.4 million in an all stock deal. Under the terms of the agreement, shareholders of Alliance Bankshares Corporation will receive, at their election, either 0.4435 shares of WFBI common stock or cash in the amount of $5.30 for each share of Alliance common stock owned, provided that no more than 20% of the Alliance common shares may elect to receive cash. |
+ | VRTA | 05/31/2012 | Vestin Realty Mortgage II, Inc. (VRTB) | All Stock | N/A | $1.19 | $1.30 | 1,400 | 12/31/2012 | -8.48% | -44.19% |
Details of Vestin Realty Mortgage I, Inc Expected to close in the fourth quarter of 2012 in an all stock deal. Under the terms of the agreement, stockholders of VTRA (other than VRTB) will receive a fixed ratio of 0.82 share of VRTB common stock for each share of VRTA common stock they own. |
+ | TPCG | 08/27/2012 | First Reserve Corporation and SK Capital Partners (N/A) | All Cash | $850 million | $40.00 | $45.06 | 162,038 | 12/31/2012 | -11.23% | -58.55% |
Details of TPC Group Inc Expected to close in the fourth quarter of 2012 for a closing value of $850 million. Upon completion of the merger, shareholders of TPC Group will receive $40.00 per share in cash. |
+ | FACE | 08/13/2012 | Swander Pace Capital (N/A) | All Cash | $65 million | $4.25 | $4.89 | 10,088 | 12/31/2012 | -13.09% | -68.24% |
Details of Physicians Formula Holdings The acquisition of Physicians Formula Holdings (FACE) by Swander Pace Capital for $65 million or $4.25 per share in cash. The deal is expected to close later this year. |
+ | TARO | 08/13/2012 | Sun Pharmaceutical (N/A) | All Cash | $1.45 billion | $39.50 | $46.11 | 2,582 | 12/31/2012 | -14.34% | -74.75% |
Details of Taro Pharmaceutical The acquisition of Taro Pharmaceutical Industries (TARO) by Sun Pharmaceutical Industries for $1.45 billion or $39.50 in an all cash transaction. Sun Pharmaceutical already owns 66% of Taro’s ordinary shares and 100% of the shares of Taro’s founders, giving it 77.5 % of the voting rights in the company. |
+ | WAVE | 08/02/2012 | AT&T, Inc. (T) | All Cash | $600 million | $1.00 | $1.20 | 9,856 | 12/31/2069 | -16.67% | -0.29% |
Details of Nextwave Wireless Inc. Subject to customary closing conditions, the deal is expected to close for a closing value of $600 million. Upon completion of the merger, shareholders of NextWave Wireless will receive $1.00 per share in cash. |