+ | LIN | 03/22/2014 | Media General, Inc. (MEG) | Special Conditions | $2.6 billion | $27.82 | $22.41 | 763,937 | 03/31/2015 | 24.14% | 39.16% |
Details of LIN Media LLC Expected to close in the first quarter of 2015 for a closing value of $2.6 billion. Upon completion of the merger, shareholders of LIN Media will get a stock or cash worth of $27.82 a share. Investors of Austin, Texas-based LIN can opt for 1.5762 shares of the new company or $27.82 in cash, up to a maximum of $763 million in cash payouts, the companies said. |
+ | OVRL | 05/15/2014 | Sphere 3D Corporation (ANY) | All Stock | $81.13 million | $3.47 | $3.03 | 23,707 | 09/30/2014 | 14.59% | 123.83% |
Details of Overland Storage Inc. Expected to close in the third quarter of 2014 for a closing value of $81.13 million in an all stock deal. Under the terms of the agreement, shareholders of Overland Storage will receive 0.510594 shares of Sphere 3D. |
+ | DTV | 05/18/2014 | AT&T, Inc. (T) | Special Conditions | $48.5 billion | $95.00 | $84.20 | 2,514,587 | 05/31/2015 | 12.83% | 16.37% |
Details of DIRECTV Expected to close within approximately 12 months for a closing value of $48.5 billion in a stock and cash transaction. Under the terms of the agreement, DIRECTV shareholders will receive $95.00 per share under the terms of the merger, comprised of $28.50 per share in cash and $66.50 per share in AT&T stock. The stock portion will be subject to a collar such that DIRECTV shareholders will receive 1.905 AT&T shares if AT&T stock price is below $34.90 at closing and 1.724 AT&T shares if AT&T stock price is above $38.58 at closing. If AT&T stock price at closing is between $34.90 and $38.58, DIRECTV shareholders will receive a number of shares between 1.724 and 1.905, equal to $66.50 in value. On account of the collar, we are treating this deal as an all cash deal. |
+ | TWGP | 01/06/2014 | ACP Re Ltd. (N/A) | All Cash | $172.1 | $2.50 | $2.24 | 114,563 | 11/15/2014 | 11.61% | 47.60% |
Details of Tower Group International, Ltd. Expected to close in the summer of 2014 for a closing value of $172.1 million. Upon completion of the merger, shareholders of Tower Group International will receive $3.00 per share in cash. Update(s) May 9, 2014: Tower Group revised its merger terms with ACP Re. Tower Group’s shareholders will now receive $2.50 in cash compared to the prior agreement of $3.00 per share cash payment.The time limit for finalization of merger has been extended to November 15, 2014. |
+ | LO | 07/15/2014 | Reynolds American Inc. (RAI) | Cash Plus Stock | $27.4 billion | $67.13 | $60.55 | 1,716,473 | 06/30/2015 | 10.86% | 12.55% |
Details of Lorillard, Inc. Espected to close in the first half of 2015 for a closing value of $27.4 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of Lorillard will receive $50.50 in cash and 0.2909 of a share in RAI stock. |
+ | EDS | 12/02/2013 | Pan Long Company Limited (N/A) | All Cash | $60.1 million | $1.78 | $1.61 | 148,216 | 09/30/2014 | 10.56% | 89.63% |
Details of Exceed Company Ltd. Expected to close in the third quarter of 2014 for a closing value of $60.1 million. Upon completion of the merger, shareholders of Exceed Company will receive $1.78 per share in cash. |
+ | COV | 06/15/2014 | Medtronic, Inc. (MDT) | Cash Plus Stock | $42.9 billion | $95.66 | $87.11 | 3,957,233 | 01/31/2015 | 9.81% | 21.57% |
Details of Covidien plc Expected to close in the fourth quarter of 2014 or early 2015 for a closing value of $42.9 billion in a cash plus stock deal, Under the terms of the agreement, shareholders of Covidien will receive $35.19 in cash and 0.956 of an ordinary share of Medtronic plc. |
+ | BYI | 08/01/2014 | Scientific Games Corporation (SGMS) | All Cash | $5.1 billion | $83.30 | $76.30 | 441,412 | 01/31/2015 | 9.17% | 20.17% |
Details of Bally Technologies, Inc. Expected to close in early 2015 for a closing value of $5.1 billion. Upon completion of the merger, shareholders of Bally Technologies will receive $83.30 per share in cash. |
+ | IGT | 07/16/2014 | GTECH S.p.A. (GTKYY) | Special Conditions | $6.4 billion | $18.25 | $16.81 | 2,238,676 | 06/30/2015 | 8.57% | 9.89% |
Details of International Game Technology Expected to close in the first and second quarter of 2015 for a closing value of $6.4 billion. Under the terms of the agreement, shareholders of International Game Technology will receive an aggregate value of $18.25 per IGT share in a combination of $13.69 in cash plus 0.1819 ordinary shares of NewCo for each share of IGT common stock, as described in greater detail below. GTECH shareholders will exchange each of their existing GTECH shares for one (1) newly issued NewCo share. Assuming a mixed consideration election, the stock consideration portion is subject to adjustment with a 15% up and down collar based on the trading price of GTECH shares prior to the closing of the transaction. The exchange ratio of IGT common stock for NewCo stock will be determined by the average of the volume-weighted average price of GTECH stock (converted to USD) on ten randomly selected trading days occurring within the twenty trading-day period ending on (and including) the second full trading day prior to the closing of the transaction (the “GTECH Share Trading Price”). If the GTECH Share Trading Price is between or equal to $25.08 and $28.84, the exchange ratio will vary between 0.1819x and 0.1582x. Above $28.84, the exchange ratio will be fixed at 0.1582x. Between or equal to $21.32 and $25.08, IGT shareholders will receive NewCo stock at a fixed ratio of 0.1819x plus additional cash consideration up to $0.68 per IGT share. Below $21.32 IGT shareholders receive 0.1819 NewCo shares and additional cash consideration equal to the GTECH Share Trading Price multiplied by 0.0321. |
+ | OABC | 04/29/2014 | Southside Bancshares Inc. (SBSI) | Cash Plus Stock | $307 million | $26.61 | $24.60 | 26,004 | 12/31/2014 | 8.18% | 22.13% |
Details of Omniamerican Bancorp, Inc. Expected to close in the fourth quarter of 2014 for a closing value of $307 million in a cash plus stock deal. Under the terms of the agreement, shareholders of Omniamerican Bancorp will receive 0.4459 shares of Southside common stock plus $13.125 in cash for each outstanding share of OmniAmerican common stock. |
+ | FFKY | 04/22/2014 | Community Bank Shares of Indiana Inc. (CBIN) | All Stock | $17.9 million | $3.94 | $3.67 | 2,050 | 09/19/2014 | 7.48% | 85.26% |
Details of First Financial Service Corp. Expected to close in late third or fourth quarter of 2014 for a closing value of $17.9 million. Upon completion of the merger, shareholders of First Financial Service will receive 0.153 shares of CBIN common stock. This exchange ratio is subject to adjustment based on conditions related to the book value of First Financial and the ability of the company to gain $3 million from specifically identified special assets. |
+ | FFCO | 04/14/2014 | CB Financial Services, Inc. (CBFV) | All Stock | 54.5 million | $23.18 | $21.80 | 2,350 | 11/15/2014 | 6.33% | 25.96% |
Details of FedFirst Financial Corp. Expected to close late in the third quarter or early fourth quarter of 2014 for a closing value of $54.5 million in a cash or stock deal. Under the terms of the agreement, shareholders of FedFirst Financial will entitled to elect to receive $23.00 in cash or shares of CB common stock based on a fixed exchange ratio of 1.1590 shares of CB common stock for each share of FedFirst common stock, subject to proration to ensure that at closing 65% of the outstanding shares of FedFirst common stock are exchanged for shares of CB common stock and the remaining 35% are exchanged for cash. |
+ | TWC | 02/13/2014 | Comcast Corporation (CMCSA) | All Stock | $45.2 billion | $157.03 | $148.31 | 1,676,172 | 12/31/2014 | 5.88% | 15.90% |
Details of Time Warner Cable Inc. Expected to close by the end of the year for a closing value of $45.2 billion in an all stock deal. Upon completion of the merger, shareholders of Time Warner Cable will receive 2.875 shares of CMCSA. |
+ | MONT | 06/11/2014 | Shanghai Pudong Science and Technology Investment Co., Ltd. (N/A) | All Cash | $693 million | $22.60 | $21.47 | 194,594 | 09/30/2014 | 5.26% | 44.68% |
Details of Montage Technology Group Limited Expected to close in the third quarter of 2014 for a closing value of $693 million. Upon completion of the merger, shareholders of Montage Technology Group Limited will receive $22.60 per share in cash. |
+ | HCBK | 08/27/2012 | M&T Bank Corporation (MTB) | All Stock | $3.7 billion | $10.08 | $9.605 | 2,304,469 | 12/31/2014 | 4.95% | 13.38% |
Details of Hudson City Bancorp, Inc. Expected to close early in the first quarter of 2014 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. |
+ | QRE | 07/24/2014 | Breitburn Energy Partners L.P. (BBEP) | All Stock | $3 billion | $21.47 | $20.49 | 269,304 | 01/31/2015 | 4.77% | 10.48% |
Details of QR Energy, LP Expected to close by late 2014 or early 2015 for a closing value of $3 billion in an all stock deal. Under the terms of the agreement, shareholders of QR Energy will receive 0.9856 of a BBEP unit for each unit of QRE. |
+ | SWY | 03/06/2014 | AB Acquisition LLC (N/A) | Special Conditions | N/A | $36.15 | $34.60 | 1,590,636 | 12/31/2014 | 4.48% | 12.11% |
Details of Safeway Inc. Expected to close by the end of the year. Upon completion of the merger, shareholders of Safeway will receive $32.50 in cash, an estimated $3.65 in contingent value rights (based on their selling a Mexican retail chain and other real estate) and $3.95 related to a spin-off of BlackHawk Networks (a gift card company). Update(s) April 14, 2014: Safeway completed the distribution to its stockholders of 37,838,709 shares of Class B common stock of Blackhawk Networks Holdings, Inc. owned by Safeway. After the completion of the distribution, Safeway no longer owns any shares of Class B common stock of Blackhawk. After this spin-off, the adjusted purchase price for Safeway is $36.15 ($32.50 in cash and $3.65 in CVRs). |
+ | TRLA | 07/28/2014 | Zillow, Inc. (Z) | All Stock | $3.5 billion | $61.66 | $59.14 | 983,547 | 03/31/2015 | 4.27% | 6.92% |
Details of Trulia, Inc. Expected to close in 2015 for a closing value of $3.5 billion in an all stock deal. Under the terms of the agreement, shareholders of Trulia will receive 0.444 Class A Common Stock of Zillow for each share of Trulia. |
+ | GECR | 06/23/2014 | State Bank Financial Corporation (STBZ) | Special Conditions | $82 million | $22.35 | $21.55 | 890 | 03/31/2015 | 3.71% | 6.02% |
Details of Georgia Carolina Bancshares Inc. Expected to close in the first quarter of 2015 for a closing value of $82 million. The exchange ratio will depend on the average closing price of State Bank’s common stock during the twenty trading day period ending five business days before the closing of the transaction (the “Final State Bank Price”). If the Final State Bank Price is above $14.00 but below $17.00, the exchange ratio will be equal to $13.50 divided by the Final State Bank Price. If the Final State Bank Price is at or above $17.00, the exchange ratio will be 0.794. If the Final State Bank Price is at or below $14.00, the exchange ratio will be 0.964. |
+ | CHRM | 05/19/2014 | Engadin Parent Limited (N/A) | Special Conditions | N/A | $4.70 | $4.54 | 1,110 | 09/30/2014 | 3.52% | 29.91% |
Details of Charm Communications Inc. Expected to close before the end of the third quarter of 2014 in a going private transaction. Under the terms of the agreement, shareholders of Charm Communications will receive US$4.70 in cash per American Depositary Share of the Company (“ADS”, each ADS representing two Class A ordinary shares of the Company), or US$2.35 in cash per Class A ordinary share of the Company, and US$2.35 in cash per Class B ordinary share of the Company. |
+ | FRNK | 07/15/2014 | Towne Bank (TOWN) | All Stock | $275 million | $20.64 | $19.99 | 24,427 | 12/31/2014 | 3.23% | 8.74% |
Details of Franklin Financial Corporation Expected to close in the fourth quarter of 2014 for a closing value of $275 milliion in an all stock deal. Under the terms of the agreement, shareholders of Franklin Financial Corporation will receive 1.40 shares of TowneBank common stock for each share of Franklin. |
+ | KMP | 08/10/2014 | Kinder Morgan, Inc. (KMI) | Cash Plus Stock | N/A | $101.63 | $98.90 | 9,652,506 | 12/31/2014 | 2.76% | 7.46% |
Details of Kinder Morgan Energy Partners, L.P. Expected to close by the end of the year in a cash plus stock deal. Under the terms of the agreement, shareholders of Kinder Morgan Energy Partners will receive 2.1931 KMI shares and $10.77 in cash for each KMP unit. |
+ | LSBI | 06/04/2014 | Old National Bancorp. (ONB) | Cash Plus Stock | $66.7 million | $40.35 | $39.33 | 2,648 | 12/31/2014 | 2.60% | 7.04% |
Details of LSB Financial Corp. Expected to close in mid-to-late fourth quarter of 2014 for a closing value of $66.7 million. Under the terms of the agreement, shareholders of LSB Financial corporation will receive 2.269 shares of Old National common stock and $10.63 in cash for each share of LSB Financial common stock. |
+ | SUSS | 04/28/2014 | Energy Transfer Partners, L.P. (ETP) | All Stock | $1.8 billion | $83.50 | $81.55 | 344,317 | 09/30/2014 | 2.39% | 20.26% |
Details of Susser Holdings Corporation Expected to close in the third quarter of 2014 for a closing value of $1.8 billion. Under the terms of the agreement, shareholders of Susser Holdings Corporation can elect to receive either $80.25 in cash or 1.4506 ETP common units, or a combination of both, for each share held. The shareholder election is subject to proration to ensure that aggregate cash paid and common units issued will each represent 50% of the aggregate merger consideration. |
+ | PTEK | 04/30/2014 | Multimedia Games, Inc. (N/A) | All Cash | N/A | $1.35 | $1.32 | 5,884 | 12/31/2014 | 2.27% | 6.14% |
Details of PokerTek, Inc. Expected to close by the fourth quarter of calendar 2014. Upon completion of the merger, shareholders of PokerTek will receive $1.35 per share in cash. |
+ | ENVE | 06/30/2014 | Consolidated Communications Holdings Inc. (CNSL) | All Stock | $350 million | $17.63 | $17.24 | 35,621 | 12/31/2014 | 2.27% | 6.14% |
Details of Enventis Corporation Expected to close in the fourth quarter of 2014 for a closing value of $350 million in an all stock deal. Under the terms of the agreement, sharheolders of Enventis Corporation will receive 0.7402 shares of CNSL common stock for each share of ENVE common stock they own. |
+ | TQNT | 02/24/2014 | RF Micro Devices Inc. (RFMD) | All Stock | $1.6 billion | $19.33 | $18.91 | 3,306,872 | 12/31/2014 | 2.22% | 6.00% |
Details of TriQuint Semiconductor, Inc. Expected to close by the end of the year for a closing value of $1.6 billion in an all stock deal. Under the terms of the agreement, shareholders of TriQuint Semiconductor will receive 1.675 shares of RF Micro Devices common stock per share held. This is a merger of equals deal where TQNT shareholders will receive 1.675 shares of a newly formed post-merger company and RFMD shareholders will receive 1 share. Since RFMD shareholders will receive one share of the new company for each share they hold, we are treating this merger as TQNT shareholders receiving 1.675 shares of RFMD to calculate the spread. |
+ | EPB | 08/10/2014 | Kinder Morgan, Inc. (KMI) | Cash Plus Stock | N/A | $43.81 | $42.92 | 3,880,869 | 12/31/2014 | 2.06% | 5.58% |
Details of El Paso Pipeline Partners, L.P. Expected to close by the end of the year in a cash plus stock deal. Under the terms of the agreement, shareholders of El Paso Pipieline Partners will receive 0.9451 KMI shares and $4.65 in cash for each EPB unit. |
+ | TEG | 06/23/2014 | Wisconsin Energy Corp. (WEC) | Cash Plus Stock | $9.1 billion | $67.61 | $66.30 | 1,358,808 | 06/30/2015 | 1.98% | 2.29% |
Details of Integrys Energy Group, Inc. Expected to close in the summer of 2015 for a closing value of $9.1 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of Integrys Energy Group will receive common stock at a fixed exchange ratio of 1.128 Wisconsin Energy shares plus $18.50 in cash per Integrys share. |
+ | KMR | 08/10/2014 | Kinder Morgan, Inc. (KMI) | All Stock | N/A | $102.95 | $101.01 | 1,780,054 | 12/31/2014 | 1.92% | 5.19% |
Details of Kinder Morgan Management LLC Expected to close by the end of the year in an all stock deal. Under the terms of the agrement, shareholders of Kinder Morgan Management will receive 2.4849 KMI shares for each share of KMR. |
+ | SPBC | 05/05/2014 | Green Bank (N/A) | All Cash | $46.2 million | $29.55 | $29.00 | 2,334 | 09/30/2014 | 1.90% | 16.10% |
Details of SP Bancorp, Inc. Expected to close in the third quarter of 2014 for a closing value of $46.2 million. Upon completion of the merger, shareholders of SP Bancorp will receive $29.55 per share in cash. |
+ | FUBC | 05/08/2014 | Valley National Bancorp (VLY) | All Stock | $312 million | $8.70 | $8.54 | 110,602 | 10/31/2014 | 1.82% | 8.97% |
Details of 1st United Bancorp, Inc. Expected to close early in the fourth quarter of 2014 for a closing value of $312 million in an all stock deal. Under the terms of the agreement, shareholders of 1st United Bancorp will receive 0.89 shares of Valley National Bancorp common stock for each share of 1st United common stock. In the event Valley’s average share price during the 20 business day period ending 5 days prior to closing is less than $8.09, then Valley will increase the 0.89 exchange ratio so that 1st United shareholders receive $7.20 in Valley common stock or $7.20 in Valley common stock and cash for each 1st United share they hold. In the event Valley’s average share price during the 20 business day period ending 5 days prior to closing is greater than $12.13, then Valley will decrease the 0.89 exchange ratio so that 1st United shareholders receive $10.80 in Valley common stock for each 1st United share they hold. |
+ | FWLT | 02/13/2014 | AMEC PLC (AMCBF) | Cash Plus Stock | $3.3 billion | $32.78 | $32.23 | 300,368 | 12/31/2014 | 1.71% | 4.62% |
Details of Foster Wheeler AG Expected to close in the second half of 2014 for a closing value of $3.3 billion in a stock plus cash deal. Under the terms of the agreement, shareholders of Foster Wheeler will receive 0.8998 shares of AMEC stock and $16.00 per share in cash. Separately, Foster Wheeler expects to pay a one-time dividend of $0.40 per share prior to, and not conditional on, the closing of the offer. |
+ | SPCHA | 06/30/2014 | Vestis Retail Group, LLC (N/A) | All Cash | N/A | $1.20 | $1.181 | 54 | 09/30/2014 | 1.61% | 13.66% |
Details of Sport Chalet Inc. Expected to close before the end of the third calendar quarter of 2014. Upon completion of the merger, shareholders of Sport Chalet will receive $1.20 per share in cash. If the total number of shares tendered in the Offer, together with the shares to be purchased from the founding family members immediately after consummation of the Offer, do not constitute 90 percent of each class of shares of Sport Chalet on a fully diluted basis, the price to be paid to stockholders in the Offer would be reduced from $1.20 to $1.04 per share. |
+ | DCIN | 05/15/2014 | Carmike Cinemas Inc. (CKEC) | All Stock | N/A | $6.07 | $5.99 | 27,091 | 09/30/2014 | 1.34% | 11.41% |
Details of Digital Cinema Destinations Corp. Expected to close during the third quarter of 2014 in an all stock deal. Under the terms of the agreement, shareholders of Digital Cinema Destinations will receive 0.1775 shares (subject to certain potential reductions) of Carmike common stock. |
+ | TWTC | 06/16/2014 | Level 3 Communications, Inc. (LVLT) | Cash Plus Stock | $7.3 billion | $39.39 | $38.90 | 1,804,186 | 12/31/2014 | 1.25% | 3.38% |
Details of TW Telecom Inc. Expected to close in the fourth quarter of 2014 for a closing value of $7.3 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of TW Telecom will receive $10 in cash and 0.7 shares of Level 3 common stock for each share of TW Telecom common stock. |
+ | FRF | 08/12/2014 | Tiptree Financial Inc. (TIPT) | All Cash | $218 million | $10.00 | $9.88 | 217,017 | 01/31/2015 | 1.21% | 2.67% |
Details of Fortegra Financial Corporation Expected to close in late 2014 or early 2015 for a closing value of $218 million. Upon completion of the merger, shareholders of Fortegra Financial Corporation will receive $10.00 per share in cash. |
+ | PIKE | 08/04/2014 | Court Square Capital Partners & J. Eric Pike, the Company�s Chairman and Chief Executive Officer (N/A) | All Cash | N/A | $12.00 | $11.86 | 509,000 | 12/31/2014 | 1.18% | 3.19% |
Details of Pike Corporation Expected to close in the fourth quarter of 2014. Upon completion of the merger, shareholders of Pike Corporation will receive $12.00 per share in cash. |
+ | PL | 06/03/2014 | Dai-ichi Life Insurance Company (N/A) | All Cash | $5.7 billion | $70.00 | $69.22 | 780,663 | 01/31/2015 | 1.13% | 2.48% |
Details of Protective Life Corporation Expected to close by the end of 2014 or early 2015 for a closing value of $5.7 billion. Upon completion of the merger, shareholders of Protective Life Corporation will receive $70.00 per share in cash. |
+ | IMCB | 07/23/2014 | Columbia Banking System Inc. (COLB) | Cash Plus Stock | $121.5 million | $18.41 | $18.22 | N/A | 12/31/2014 | 1.04% | 2.81% |
|
+ | HCT | 06/02/2014 | Ventas, Inc. (VTR) | All Stock | $2.6 billion | $10.96 | $10.85 | 1,631,056 | 12/31/2014 | 1.02% | 2.75% |
Details of American Realty Capital Healthcare Trust, Inc. Expected to close in the fourth quarter of 2014 for a closing value of $2.6 billion. Under the terms of the agreement, shareholders of American Realty Capital Healthcare Trust can choose to receive 0.1688 Ventas common shares or $11.33 in cash for each common share of ARC Healthcare they own. Since the cash portion of the deal is subject to a cap of 10 percent of ARC Healthcare’s outstanding shares, we are treating this deal as an all-stock deal. |
+ | NBTF | 08/04/2014 | Peoples Bancorp Inc. (PEBO) | Cash Plus Stock | $109 million | $29.38 | $29.10 | 241 | 03/31/2015 | 0.96% | 1.56% |
Details of NB&T Financial Group Inc. Expected to close in the fourth quarter of 2014 or the first quarter of 2015 for a closing value of $109 million in a cash plus stock deal. Under the terms of the agreement, shareholders of NB&T Financial Group will receive 0.9319 shares of Peoples common stock and $7.75 in cash for each share of NBTF common stock. |
+ | THRD | 06/04/2014 | National Penn Bancshares Inc. (NPBC) | All Stock | $138 million | $42.16 | $41.76 | 3,023 | 12/31/2014 | 0.95% | 2.58% |
Details of TF Financial Corporation Expected to close in late 2014 for a closing value of $138 million. Under the terms of the agreement, shareholders of TF Financial Corporation may elect to receive either $42.00 in cash or a fixed exchange ratio of 4.22 shares of National Penn stock for each share of TF Financial common stock. Since only 40% of TF Financial shareholders will receive cash and 60% of shareholders will National Penn shares, we are treating this as an all-stock deal. |
+ | KOG | 07/13/2014 | Whiting Petroleum Corp. (WLL) | All Stock | $6 billion | $14.98 | $14.87 | 3,870,703 | 12/31/2014 | 0.71% | 1.93% |
Details of Kodiak Oil & Gas Corp. Expected to close in the fourth quarter of 2014 for a closing value of $6 billion in an all stock deal. Under the terms of the agreement, shareholders of Kodiak Oil & Gas will receive 0.177 of a share of Whiting stock in exchange for each share of Kodiak common stock they hold. |
+ | ROC | 07/15/2014 | Albemarle Corporation (ALB) | Cash Plus Stock | $6.2 billion | $80.03 | $79.48 | 2,080,758 | 03/31/2015 | 0.69% | 1.11% |
Details of Rockwood Holdings, Inc. Expected to close in the first quarter of 2015 for a closing value of $6.2 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of Rockwood Holdings will receive $50.65 in cash and 0.4803 of a share of Albemarle common stock. |
+ | URS | 07/13/2014 | AECOM Technology Corporation (ACM) | Cash Plus Stock | $6 billion | $59.75 | $59.42 | 601,162 | 10/31/2014 | 0.56% | 2.78% |
Details of URS Corporation Expected to close in October 2014 for a closing value of $6 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of URS Corporation will receive $33.00 in cash and 0.734 shares of AECOM common stock for each URS share. |
+ | POM | 04/30/2014 | Exelon Corporation (EXC) | All Cash | $7.2 billion | $27.25 | $27.11 | 1,794,271 | 09/30/2015 | 0.52% | 0.46% |
Details of Pepco Holdings, Inc. Expected to close in the second or third quarter of 2015 for a closing value of $7.2 billion. Upon completion of the merger, shareholders of Pepco Holdings will receive $27.25 per share in cash. |
+ | GFIG | 07/30/2014 | CME Group (N/A) | All Cash | N/A | $4.55 | $4.53 | 508,252 | 01/31/2015 | 0.44% | 0.97% |
Details of GFI Group Inc. Expected to close in early 2015 in a two step transaction. CME Group will first acquire all of the outstanding shares of GFI Group in exchange for $4.55 per share in CME Group Class A Common Stock. Immediately following the acquisition of GFI Group, a private consortium of GFI Group management, led by current Executive Chairman Michael Gooch, CEO Colin Heffron and Managing Director Nick Brown, will acquire GFI Group’s wholesale brokerage and clearing businesses for $165M in cash and the assumption, at closing, of approximately $63M of unvested deferred compensation and other liabilities. After completion of the transaction, the wholesale brokerage business, including the Kyte Group, will continue as a private company with its management and operations largely unchanged. The continuing GFI Group brokerage business will maintain its commitment to both Trayport and FENICS by entering into long-term commercial agreements. |
+ | PEOP | 08/05/2014 | Independent Bank Corp. (INDB) | All Stock | $130.6 million | $19.80 | $19.72 | 25,045 | 03/31/2015 | 0.41% | 0.66% |
Details of Peoples Federal Bancshares, Inc. Expected to close in the first quarter of 2015 for a closing value of $130.6 million in an all stock deal. Under the terms of the agreement, 60% of outstanding Peoples Federal Bancshares, Inc. shares will be exchanged for Independent shares at a fixed exchange ratio of .5523 of an Independent share for each Peoples Federal Bancshares, Inc. share and the remaining 40% of outstanding Peoples Federal Bancshares, Inc. shares will be exchanged for $21.00 per share in cash. Peoples Federal Bancshares, Inc. shareholders will be able to elect between receiving cash or Independent shares, subject to proration and allocation so that 60% of outstanding Peoples Federal Bancshares, Inc. shares are exchanged for Independent stock and 40% exchanged for cash. |
+ | HSH | 07/02/2014 | Tyson Foods, Inc. (TSN) | All Cash | $8.55 billion | $63.00 | $62.75 | 1,836,790 | 09/27/2014 | 0.40% | 3.64% |
Details of The Hillshire Brands Company Expected to close by September 27, 2014 for a closing value of $8.55 billion. Upon completion of the merger, sharheolders of The Hillshire Brands Company will receive $63.00 per share in cash. |
+ | MCRS | 06/23/2014 | Oracle Corporation (ORCL) | All Cash | $4.6 billion | $68.00 | $67.77 | 897,606 | 12/31/2014 | 0.34% | 0.92% |
Details of MICROS Systems, Inc. Expected to close in the second half of 2014 for a closing value of $5.3 billion. Upon completion of the merger, shareholders of MICROS Systems will receive $68.00 per share in cash. |
+ | MDCI | 06/25/2014 | Owens & Minor, Inc. (OMI) | All Cash | $208 million | $13.80 | $13.78 | 47,022 | 12/31/2014 | 0.15% | 0.39% |
Details of Medical Action Industries Inc. Expected to close by the fuorth quarter of 2014 for a closing value of $208 million. Upon completion of the merger, shareholders of Medical Action Industries will receive $13.80 per share in cash. |
+ | MEAS | 06/18/2014 | TE Connectivity Ltd. (TEL) | All Cash | $1.7 billion | $86.00 | $85.99 | 145,217 | 12/31/2014 | 0.01% | 0.03% |
Details of Measurement Specialties Inc. Expected to close by the end of the year 2014 for a closing value of $1.7 billion. Upon completion of the merger, shareholders of Measurement Specialties will receive $86.00 per share in cash. |
+ | DFZ | 05/02/2014 | Mill Road Capital (N/A) | All Cash | $215 million | $19.00 | $19.00 | 47,612 | 09/30/2014 | 0.00% | 0.00% |
Details of R.G. Barry Corporation Expected to close in the third calendar quarter of 2014 for a closing value of $215 million. Upon completion of the merger, shareholders of R.G. Barry Corporation will receive $19.00 per share in cash. |
+ | VITC | 07/02/2014 | The Kroger Co. (KR) | All Cash | $280 million | $8.00 | $8.00 | 262,203 | 09/30/2014 | 0.00% | 0.00% |
Details of Vitacost.com, Inc. Expected to close in the third quarter of 2014 for a closing value of $280 million. Upon completion of the merger, shareholders of Vitacost.com will receive $8.00 per share in cash. |
+ | TAYC | 07/15/2013 | MB Financial Inc. (MBFI) | Cash Plus Stock | $680 million | $21.04 | $21.05 | 152,243 | 09/30/2014 | -0.03% | -0.23% |
Details of Taylor Capital Group Inc. Expected to close in the first half of 2014 for a closing value of $680 million in a cash plus stock deal. Under the terms of the agreement, shareholders of Taylor Capital will receive 0.64318 shares of MB Financial common stock and $4.08 per share in cash. Update(s) July 1, 2014: Taylor Capital Group (TAYC) and MB Financial (MBFI) entered into an amendment to the Merger Agreement. The Amendment extends the date after which either the Company or MB Financial would be able to terminate the Merger Agreement if the Merger has not yet occurred (the “Termination Date”), from June 30, 2014 to September 30, 2014, provided that the Termination Date may be extended beyond September 30, 2014 one or more times, but not to a date later than December 31, 2014, by either the Company or MB Financial if the only condition to the closing of the Merger that has not been satisfied by the tenth day prior to the then-current Termination Date is the receipt of a requisite regulatory approval. |
+ | NOVB | 01/21/2014 | TriCo Bancshares (TCBK) | All Stock | $178.4 million | $21.08 | $21.09 | 5,070 | 09/30/2014 | -0.03% | -0.29% |
Details of North Valley Bancorp Expected to close by mid-year 2014 for a closing value of $178.4 million. Under the terms of the agreement, shareholders of North Valley Bancorp will receive a fixed exchange ratio of 0.9433 shares of TriCo coomon stock in exchange for each share of North Valley common stock. |
+ | UNS | 12/11/2013 | Fortis, Inc. (N/A) | All Cash | $4.3 billion | $60.25 | $60.59 | 4,142,752 | 12/31/2014 | -0.56% | -1.52% |
Details of UNS Energy Corporation Expected to close before the end of 2014 for a closing value of $4.3 billion. Upon completion of the merger, shareholders of UNS Energy Corporation will receive $60.25 per share in cash. |
+ | OBAF | 04/08/2014 | F.N.B. Corporation (FNB) | All Stock | $94 million | $21.25 | $21.42 | 408 | 09/30/2014 | -0.81% | -6.84% |
Details of OBA Financial Services, Inc. Expected to close in the third quarter of 2014 for a closing value of $94 million in an all stock deal. Under the terms of the agreement, shareholders of OBA Financial Services will receive 1.781 shares of F.N.B. Corporation common stock for each common share of OBA Financial Services. |
+ | FDO | 07/28/2014 | Dollar Tree, Inc. (DLTR) | Special Conditions | $9.2 billion | $74.50 | $76.06 | 1,716,208 | 01/31/2015 | -2.05% | -4.51% |
Details of Family Dollar Stores Inc. Expected to close by early 2015 for a closing value of $9.2 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of Family Dollar Stores will receive $59.60 in cash and $14.90 in Dollar Tree stock. The stock portion will be subject to a collar such that Family Dollar shareholders will receive 0.2484 Dollar Tree shares if the average Dollar Tree trading price during a specified period preceding closing is equal to or greater than $59.98 and 0.3036 Dollar Tree shares if this average trading price is less than or equal to $49.08. If the average trading price of Dollar Tree stock during this period is between $49.08 and $59.98, Family Dollar shareholders will receive a number of shares between 0.2484 and 0.3036 equal to $14.90 in value. |
+ | ISS | 06/06/2013 | Mr. Tianwen Liu, the Company’s CEO and the chairman of its Board of Directors, and ChinaAMC Capital Management Limited (N/A) | All Cash | N/A | $5.45 | $5.57 | 127,852 | 09/30/2014 | -2.15% | -18.29% |
Details of iSoftStone Holdings Limited Upon completion of the merger, shareholders of iSoftStone Holdings will receive $5.85 per share in cash. Update(s) November 2, 2013: iSoftStone Holdings Limited (“iSoftStone” or “the Company,” NYSE: ISS), a leading China-based IT services provider, today announced that the independent committee of its board of directors (the “Independent Committee”) has received a revised offer (the “Offer”), dated November 2, 2013, from a consortium (the “Consortium”) consisting of (i) Mr. Tianwen Liu, the chief executive officer and the chairman of the board of directors of the Company, (ii) ChinaAMC Capital Management Limited (“ChinaAMC”), an alternative investment platform and an affiliate of China Asset Management (Hong Kong) Limited, and (iii) Accurate Global Limited, Advance Orient Limited and CSOF Technology Investments Limited, to acquire all of the Company’s outstanding ordinary shares not currently owned by the Consortium for $0.545 per ordinary share or $5.45 per American depositary share (“ADS,” each representing ten ordinary shares of the Company) in cash (the “Transaction”), subject to certain conditions. |
+ | ARX | 05/20/2014 | Cobham plc (N/A) | All Cash | $1.46 billion | $10.50 | $10.76 | 81,629 | 09/30/2014 | -2.42% | -20.51% |
Details of Aeroflex Holding Corp. Expected to close during the third quarter of 2014 for a closing value of $1.46 billion. Upon completion of the merger, shareholders of Aeroflex Holding will receive $10.50 per share in cash. |
+ | SWS | 04/01/2014 | Hilltop Holdings Inc. (HTH) | Cash Plus Stock | $260 million | $6.93 | $7.24 | 181,209 | 12/31/2014 | -4.25% | -11.50% |
Details of SWS Group, Inc. Expected to close prior to the end of 2014 for a closing value of $260 million in a cash plus stock deal. Under the terms of the agreement, shareholders of SWS Group will receive per share consideration of 0.2496 shares of Hilltop common stock and $1.94 of cash. |
+ | AUXL | 06/26/2014 | QLT Inc. (QLTI) | All Stock | N/A | $16.09 | $17.35 | 864,282 | 12/31/2014 | -7.28% | -19.68% |
Details of Auxilium Pharmaceuticals Inc. Expected to close by the fourth quarter of 2014 in an all stock deal. Under the terms of the agreement, shareholders of Auxilium Pharmaceuticals will receive 3.1359 QLT common shares. Upon consummation of the Merger, each outstanding share of Auxilium common stock, other than shares owned by Auxilium, QLT, HoldCo or AcquireCo, will be converted into the right to receive 3.1359 QLT common shares (the “Equity Exchange Ratio“), subject to adjustment as described in the immediately following sentence. If at or immediately after the effective time of the Merger, QLT receives an aggregate cash consideration pursuant to any sale, license, sublicense or similar transaction related to its proprietary synthetic retinoid product in development known as “QLT091001”, which is (a) less than $25 million but equal to or greater than $20 million then, the Equity Exchange Ratio shall be increased by 0.0192; (b) less than $20 million but equal to or greater than $15 million, then the Equity Exchange Ratio shall be increased by 0.0385 (c) less than $15 million but equal to or greater than $10 million, then the Equity Exchange Ration shall be increased by 0.0577; (d) less than $10 million but equal to or greater than $5 million, then the Equity Exchange Ratio shall be increased by 0.0770; (e) less than $5 million, or in the event that no such transaction is consummated at or immediately after the effective time of the Merger, then the Equity Exchange Ratio shall be increased by 0.0962. Upon completion of the Merger, Auxilium stockholders will own approximately 76% of the outstanding common shares of the Combined Company on a fully diluted basis and current QLT stockholders will own approximately 24% of the outstanding common shares of the Combined Company on a fully diluted basis, subject to certain adjustments. |
+ | CHDX | 02/17/2014 | a buyer consortium (the “Buyer Consortium”) of an affiliate of TPG (together with its affiliates, “TPG”), an affiliate of Shanghai Fosun Pharmaceutical (Group) Co., Ltd. (“Fosun”), and Ms. Roberta Lipson, the CEO of the Company (N/A) | All Cash | $369 million | $19.50 | $23.80 | 38,890 | 12/31/2014 | -18.07% | -48.85% |
Details of Chindex International Inc. Expected to close in the second half of 2014 for a closing value of $369 million. Upon completion of the merger, shareholders of Chindex International will receive $19.50 per share in cash. |