+ | WMB | 09/28/2015 | Energy Transfer Equity, L.P. (ETE) | Special Conditions | $37.7 billion | $43.50 | $17.55 | 6,250,874 | 06/30/2016 | 147.86% | 739.32% |
Details of Williams Companies, Inc. Expected to close in the first half of 2016 for a closing value of $37.7 billion. Under the terms of the transaction, Energy Transfer Corp LP (ETC), an affiliate of ETE, will acquire Williams at an implied current price of $43.50 per Williams share. Williams’ stockholders will have the right to elect to receive as merger consideration either ETC common shares, which would be publicly traded on the NYSE under the symbol ETC, and / or cash. Elections to receive ETC common shares and cash will be subject to proration. Williams stockholders electing to receive stock consideration will receive a fixed exchange ratio of 1.8716 ETC common shares for each share of WMB common stock, before giving effect to proration. If all Williams’ stockholders elect to receive all cash or all stock, then each share of Williams common stock would receive $8.00 in cash and 1.5274 ETC common shares. In addition, WMB stockholders will be entitled to a special one-time dividend of $0.10 per WMB share to be paid immediately prior to the closing of the transaction. The special one-time dividend is in addition to the regularly scheduled WMB dividends to be paid before closing. Update(s) December 14, 2015: Energy Transfer Equity (ETE) and Williams Companies (WMB) announced that they have entered into a Timing Agreement with the Federal Trade Commission. Under the terms of the Timing Agreement, ETE and WMB have agreed (1) not to consummate the proposed acquisition prior to 60 days after substantial compliance with the Second Requests, and (2) not to consummate the proposed acquisition before March 18, 2016. ETE and WMB continue to work cooperatively with the staff of the FTC as it conducts its review of the proposed acquisition. |
+ | BHI | 11/16/2014 | Halliburton Company (HAL) | Cash Plus Stock | N/A | $61.86 | $43.80 | 3,448,911 | 04/30/2016 | 41.24% | 1254.33% |
Details of Baker Hughes Incorporated Expected to close in the second half of 2015 in a cash plus stock deal. Under the terms of the agreement, shareholders of Baker Hughes will receive 1.12 Haliburton shares plus $19.00 in cash for each share they own. Update(s) December 15, 2015: Baker Hughes (BHI) and Halliburton (HAL) extended the deadline for their merger to April 30, 2016. |
+ | ODP | 02/04/2015 | Staples, Inc. (SPLS) | Cash Plus Stock | $6.3 billion | $9.69 | $7.44 | 8,904,903 | 05/16/2016 | 30.24% | 394.16% |
Details of Office Depot, Inc. Expected to close by the end of the calendar year 2015 for a closing value of $6.3 billion in a cash plus stock deal. Under the terms of the agreement, Office Depot shareholders will receive, for each Office Depot share, $7.25 in cash and 0.2188 of a share in Staples stock at closing. Update(s) May 27, 2015: The American Postal Workers Union filed a formal report asking federal anti-trust regulators to strike down Staples’ (SPLS) $6.3 billion deal to purchase Office Depot (ODP). January 20, 2016: Staples (SPLS) and Office Depot (ODP) announced that the Board of Directors of both companies intend to waive the merger agreement termination date of February 4, 2016, and extend it to May 16, 2016. |
+ | CI | 07/24/2015 | Anthem, Inc. (ANTM) | Cash Plus Stock | $54.2 billion | $177.03 | $136.65 | 1,590,850 | 12/31/2016 | 29.55% | 41.96% |
Details of Cigna Corp. Expected to close in the second half of 2016 for a closing value of $54.2 billion in a cash plus stock deal. Under the terms of the agreement, Cigna shareholders will receive $103.40 in cash and 0.5152 Anthem common shares for each Cigna common share. |
+ | HUM | 07/03/2015 | Aetna Inc. (AET) | Cash Plus Stock | $37 billion | $216.97 | $169.87 | 868,457 | 12/31/2016 | 27.72% | 39.38% |
Details of Humana Inc. Expected to close in the second half of 2016 for a closing value of $37 billion in a cash plus stock deal. Under the terms of the agreement, Humana stockholders will receive $125.00 in cash and 0.8375 Aetna common shares for each Humana share. |
+ | APOL | 02/08/2016 | A consortium of investors including The Vistria Group, LLC, funds affiliated with Apollo Global Management, LLC and and Najafi Companies (N/A) | All Cash | $1.1 billion | $9.50 | $7.61 | 1,241,654 | 12/31/2016 | 24.84% | 35.27% |
Details of Apollo Education Group, Inc. Expected to close by Apollo Education Group’s fiscal year-end, in August, 2016 for a closing value of $1.1 billion. Upon completion of the merger, shareholders of Apollo Education Group will receive $9.50 per share in cash. |
+ | NKA | 06/14/2015 | Brookfield Infrastructure (N/A) | All Cash | $911.9 million | $4.23 | $3.52 | 9,935 | 12/31/2016 | 20.17% | 28.65% |
Details of Niska Gas Storage Partners LLC Expected to close in the second half of 2016 for a closing value of $911.9 million. Upon completion of the merger, shareholders of Niska Gas Storage Partners will receive $4.225 per share in cash. |
+ | RAD | 10/27/2015 | Walgreens Boots Alliance, Inc. (WBA) | All Cash | $17.2 billion | $9.00 | $7.97 | 10,957,983 | 12/31/2016 | 12.92% | 18.35% |
Details of Rite Aid Corporation Expected to close in the second half of 2016 for a closing value of $17.2 billion. Upon completion of the merger, shareholders of Rite Aid Corporation will receive $9.00 per share in cash. |
+ | ALR | 02/01/2016 | Abbott Laboratories (ABT) | All Cash | $5.8 billion | $56.00 | $49.87 | 733,070 | 12/31/2016 | 12.29% | 17.46% |
Details of Alere Inc. 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. |
+ | BXLT | 01/11/2016 | Shire plc (SHPG) | Cash Plus Stock | $32 billion | $44.93 | $40.51 | 5,979,857 | 06/30/2016 | 10.91% | 54.53% |
Details of Baxalta Incorporated Expected to close by mid-2016 for a closing value of $32 billion in a cash plus stock deal. Under the terms of the agreement, Baxalta shareholders will receive $18.00 in cash and 0.1482 Shire ADS per Baxalta share. |
+ | HTCH | 11/02/2015 | TDK Corporation (N/A) | Special Conditions | $126 million | $4.00 | $3.65 | 190,380 | 06/30/2016 | 9.59% | 47.95% |
Details of Hutchinson Technology Inc. Expected to close in the first quarter of 2016 for a closing value of $126 million. Under the terms of the agreement, TDK will acquire all of the outstanding shares of common stock of HTI for base consideration of US$3.62 per share, plus additional consideration of up to US$0.38 per share, depending on the level of cash (subject to certain adjustments) less any outstanding borrowings on HTI’s revolving line of credit (“net cash”) held by HTI as of the last day of the fiscal month immediately preceding the closing date. Update(s) March 4, 2016: The Company expects to complete the transactions contemplated by the Merger Agreement during the second calendar quarter of 2016. |
+ | IM | 02/17/2016 | Tianjin Tianhai Investment Company, Ltd. (N/A) | All Cash | $6 billion | $38.90 | $35.59 | 1,173,868 | 12/31/2016 | 9.30% | 13.21% |
Details of Ingram Micro Inc. Expected to close in the second half of 2016 for a closing value of $6 billion. Upon completion of the merger, sharheolders of Ingram Micro will receive $38.90 per share in cash. |
+ | KUTV | 04/05/2016 | Shanda Investment Holdings Limited (N/A) | All Cash | N/A | $1.08 | $1.00 | 213,146 | 12/31/2016 | 8.00% | 11.36% |
Details of Ku6 Media Co., Ltd. Expected to close in the second half of 2016. Upon completion of the merger, shareholders of Ku6 Media will receive $1.08 per ADS. |
+ | TYC | 01/25/2016 | Johnson Controls Inc. (JCI) | All Stock | $16.5 billion | $38.97 | $36.79 | 1,481,753 | 09/30/2016 | 5.94% | 13.13% |
Details of Tyco International plc Expected to close by the end of fiscal year 2016 for a closing value of $16.5 billion. Immediately prior to the merger, Tyco will effect a reverse stock split so that Tyco shareholders will receive a fixed exchange ratio of 0.9550 shares for each of their existing Tyco shares. Johnson Controls shareholders may elect to receive either one share of the combined company for each of their Johnson Controls shares or cash equal to $34.88 per share. Elections by Johnson Controls shareholders are subject to proration such that an aggregate of approximately $3.9 billion cash is paid in the merger. |
+ | ITC | 02/09/2016 | Fortis Inc. (FTS.TO) | Cash Plus Stock | $11.3 billion | $45.69 | $43.17 | 794,439 | 12/31/2016 | 5.84% | 8.29% |
Details of ITC Holdings Corp. Expected to close in late 2016 for a closing value of $11.3 billion in a cash plus stock deal. Under the terms of the agreement, ITC shareholders will receive US$22.57 in cash and 0.7520 Fortis shares per ITC share. |
+ | NPD | 03/16/2016 | China Neptunus Drugstore Holding Ltd. and Neptunus Global Limited (N/A) | All Cash | $258.66 million | $2.62 | $2.48 | 47,931 | 09/30/2016 | 5.65% | 12.49% |
Details of China Nepstar Chain Drugstore Ltd. Expected to close in the third quarter of 2016 for a closing value of $258.66 million. Upon competion of the merger, shareholders of China Nepstar Chain Drugstore will receive $2.62 per share in cash. |
+ | VAL | 03/20/2016 | The Sherwin-Williams Company (SHW) | All Cash | $11.3 billion | $113.00 | $107.04 | 835,633 | 03/31/2017 | 5.57% | 5.86% |
Details of The Valspar Corporation Expected to close in the first quarter of 2017 for a closing value of $11.3 billion. Upon completion of the merger, shareholders of The Valspar Corporation will receive $113 per share in cash. Under the terms of the merger agreement, in what both companies believe to be the unlikely event that divestitures are required of businesses totaling more than $650 million of Valspar’s 2015 revenues, the transaction price would be adjusted to $105 in cash per Valspar share. |
+ | MY | 02/03/2016 | A consortium of investors (the �Buyer Consortium�), including Mr. Chuanwei Zhang , the Chairman and Chief Executive Officer of the Company (N/A) | All Cash | $408 million | $2.51 | $2.39 | 446,234 | 06/30/2016 | 5.02% | 25.10% |
Details of China Ming Yang Wind Power Group Limited Expected to close in the first half of 2016 for a closing value of $408 million. Upon completion of the merger, shareholders of China Ming Yang Power Group Limited will receive $2.51 per share in cash. |
+ | MTSN | 12/01/2015 | Beijing E-Town Dragon Semiconductor Industry Investment Center (N/A) | All Cash | $300 million | $3.80 | $3.64 | 107,682 | 06/30/2016 | 4.40% | 21.98% |
Details of Mattson Technology Inc. Expected to close in the second calendar quarter of 2016 for a closing value of $300 million. Upon completion of the merger, shareholders of Mattson Technology will receive $3.80 per share in cash. |
+ | AMTG | 02/26/2016 | Apollo Commercial Real Estate Finance, Inc. (ARI) | Cash Plus Stock | $641 million | $14.18 | $13.61 | 186,118 | 08/15/2016 | 4.20% | 12.87% |
Details of Apollo Residential Mortgage, Inc. Expected to close in the second or third quarter of 2016 for a closing value of $641 million in a cash plus stock deal. Under the terms of the agreement, shareholders of Apollo Residential Mortgage will receive approximately 0.417 ARI shares of common stock per AMTG share of common stock and approximately $7.53 per share in cash. The cash portion of the consideration, and thus the total purchase price, is subject to adjustment based upon fluctuations in AMTG’s book value. |
+ | CVC | 09/17/2015 | Altice (N/A) | All Cash | $17.7 billion | $34.90 | $33.59 | 9,280,661 | 06/30/2016 | 3.90% | 19.50% |
Details of Cablevision Systems Corporation Expected to close in the first half of 2016 for a closing value of $17.7 billion Upon completion of the merger, shareholders of Cablevision Systems will receive $34.90 in cash for each Cablevision Class A and Class B share. |
+ | AF | 10/29/2015 | New York Community Bancorp Inc. (NYCB) | Cash Plus Stock | $2 billion | $16.14 | $15.58 | 410,003 | 12/31/2016 | 3.59% | 5.10% |
Details of Astoria Financial Corporation Expected to close in the fourth quarter of 2016 for a closing value of $2 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of Astoria Financial Corporation will receive one share of New York Community common stock and $0.50 in cash in exchange for each share of Astoria stock held at the merger date. |
+ | PLCM | 04/15/2016 | Mitel Networks Corporation (MITL) | Cash Plus Stock | $1.96 billlion | $12.45 | $12.02 | 18,811,351 | 09/30/2016 | 3.55% | 7.86% |
Details of Polycom, Inc. Expected to close in the third quarter of 2016 for a closing value of $1.96 billion in a cash plus stock deal. Under the terms of the agreement, Polycom stockholders will be entitled to $3.12 in cash and 1.31 Mitel common shares for each share of Polycom common stock. |
+ | VBIV | 10/26/2015 | SciVac Therapeutics Inc. (SVACF) | All Stock | N/A | $2.50 | $2.42 | 134,767 | 04/30/2016 | 3.18% | 96.78% |
Details of VBI Vaccines Inc Expected to close in an all stock deal. Under the terms of the agreement, each share of VBI common stock will be converted into the right to receive 20.808356 common shares of SciVac. |
+ | FGL | 11/09/2015 | Anbang Insurance Group Co., Ltd. (N/A) | All Cash | N/A | $26.80 | $26.00 | 655,278 | 06/30/2016 | 3.08% | 15.38% |
Details of Fidelity & Guaranty Life Common Expected to close in the second quarter of 2016. Upon completion of the merger, shareholders of Fidelity and Guaranty Life will receive $26.80 per share in cash. |
+ | CBNK | 04/04/2016 | Westfield Financial Inc. (WFD) | All Stock | $110 million | $18.55 | $18.01 | 5,323 | 12/31/2016 | 3.01% | 4.27% |
Details of Chicopee Bancorp, Inc. Expected to close in the fourth quarter of 2016 for a closing value of $110 million in an all stock deal. Under the terms of the agreement, shareholders of Chicopee Bancorp will receive 2.425 shares of Westfield common stock for each share of Chicopee common stock. |
+ | WIBC | 12/07/2015 | BBCN Bancorp, Inc. (BBCN) | All Stock | $1 billion | $11.07 | $10.77 | 246,097 | 06/30/2016 | 2.80% | 14.00% |
Details of Wilshire Bancorp Inc. Expected to close by mid-2016 for a closing value of $1 billion in an all stock deal. Under the terms of the agreement, Wilshire shareholders will receive a fixed exchange ratio of 0.7034 of a share of BBCN common stock in exchange for each share of Wilshire common stock they own. |
+ | VA | 04/04/2016 | Alaska Air Group, Inc. (ALK) | All Cash | $4 billion | $57.00 | $55.50 | 924,062 | 01/01/2017 | 2.70% | 3.82% |
Details of Virgin America Inc. Expected to close no later than January 1, 2017 for a closing value of approximately $4 billion. Upon completion of the merger, shareholders of Virgin America will receive $57.00 per share in cash. |
+ | HE | 12/03/2014 | NextEra Energy, Inc. (NEE) | Special Conditions | $4.3 billion | $33.50 | $32.70 | 341,933 | 06/30/2016 | 2.45% | 12.23% |
Details of Hawaiian Electric Industries Inc. Expected to close by the end of the year 2015 for a closing value of $4.3 billion. Upon completion of the merger, shareholders of Hawaiian Electric Industries will receive a $0.50 special dividend, 0.2413 shares of NextEra Energy common stock, and a share in ASB Hawaii valued at $8.00, per share held. In connection with the agreement, HEI plans to spin off ASB Hawaii to HEI shareholders and establish it as an independent publicly traded company, immediately prior to and contingent upon the completion of the combination of HEI with NextEra Energy. Update (s) December 4, 2015: The closure of the deal involving NextEra Energy Inc.’s proposed $4.3 billion acquisition of Hawaiian Electric Co., which was expected to be finalized by Dec. 3, has been extended by six months to June 2016. |
+ | FCTY | 03/10/2016 | Midland Financial Co. (N/A) | All Cash | N/A | $11.22 | $10.96 | 16,750 | 12/31/2016 | 2.37% | 3.37% |
Details of 1st Century Bancshares, Inc. Expected to close in the second half of 2016. Upon completion of the merger, shareholders of 1st Century Bancshares will receive $11.22 per share in cash. |
+ | IHS | 03/21/2016 | Markit Ltd. (MRKT) | All Stock | N/A | $126.33 | $123.48 | 270,833 | 12/31/2016 | 2.31% | 3.28% |
Details of IHS Inc. Expected to close in the second half of 2016 in a merger of equals. Upon completion of the merger, shareholders of IHS will receive 3.5566 common shares of IHS Markit for each share of IHS common stock. |
+ | TWC | 05/26/2015 | Charter Communications, Inc. (CHTR) | Cash Plus Stock | $78.7 billion | $209.84 | $205.44 | 1,617,520 | 06/30/2016 | 2.14% | 10.70% |
Details of Time Warner Cable Inc. Expected to close by the end of 2015 for a closing value of $78.7 billion in a cash plus stock deal. Under the terms of the agreement, Charter will provide $100.00 in cash and shares of a new public parent company (“New Charter”) equivalent to 0.5409 shares of CHTR for each Time Warner Cable share outstanding. In addition, Charter will provide an election option for each Time Warner Cable stockholder, other than Liberty Broadband Corporation or Liberty Interactive Corporation, who will receive all stock, to receive $115.00 of cash and New Charter shares equivalent to 0.4562 shares of CHTR for each Time Warner Cable share they own. |
+ | DSKY | 12/31/2015 | Dream Investment Holdings Limited (N/A) | All Cash | N/A | $14.00 | $13.73 | 57,249 | 06/30/2016 | 1.97% | 9.83% |
Details of iDreamSky Technology Limited Expected to close in the second quarter of 2016 in a going private transaction. Under the terms of the agreement, a consortium of management and investors will through Parent acquire the Company for a cash consideration equal to US$3.50 per Class A and Class B ordinary share of the Company or US$14.00 per American depositary share of the Company, on the basis that each American depositary share represents four Class A ordinary shares. |
+ | RRM | 02/26/2016 | SES (N/A) | All Cash | $242 million | $13.29 | $13.04 | 1,581 | 08/15/2016 | 1.92% | 5.88% |
Details of RR Media Ltd. Expected to close in the second or third quarter of 2016 for a closing value of $242 million. Upon completion of the merger, shareholders of RR Media will receive $13.291 per share in cash. |
+ | SNDK | 10/21/2015 | Western Digital Corporation (WDC) | Cash Plus Stock | $19 billion | $77.16 | $75.76 | 3,218,109 | 06/30/2016 | 1.85% | 9.27% |
Details of SanDisk Corp. Expected to close in the second quarter of 2016 for a closing value of $19 billion in a cash plus stock deal. Under the terms of the agreement, if the previously announced investment in Western Digital by Unisplendour Corporation Limited closes prior to this acquisition, Western Digital will pay $85.10 per share in cash and 0.0176 shares of Western Digital common stock per share of SanDisk common stock; and if the Unisplendour transaction has not closed or has been terminated, $67.50 in cash and 0.2387 shares of Western Digital common stock per share of SanDisk common stock. Update(s) February 23, 2016: Western Digital Corporation (WDC) announced that the Unis Investment has been terminated and the consideration to be paid to SanDisk stockholders per share of SanDisk (SNDK) common stock, at the closing of the transaction, will consist of $67.50 in cash and 0.2387 shares of Western Digital common stock, subject to the terms of the Merger Agreement. |
+ | EDE | 02/09/2016 | Algonquin Power & Utilities Corp. (AQN.TO) | All Cash | $2.4 billion | $34.00 | $33.42 | 179,164 | 03/31/2017 | 1.74% | 1.83% |
Details of The Empire District Electric Company Expected to close in the first quarter of 2016 for a closing value of $2.4 billion. Upon completion of the merger, shareholders of The Empire District Electric Company will receive $34.00 per share in cash. |
+ | AVNU | 01/29/2016 | Pinnacle Financial Partners Inc. (PNFP) | Cash Plus Stock | $201.4 million | $20.42 | $20.09 | 61,890 | 09/15/2016 | 1.63% | 3.97% |
Details of Avenue Financial Holdings, Inc. Expected to close late in the second quarter or early in the third quarter of 2016 for a closing value of $201.4 million in a cash plus stock deal. Under the terms of the agreement, shareholders of Avenue Financial Holdings will receive 0.36 shares of Pinnacle’s common stock and $2.00 in cash for every Avenue share. |
+ | BNK | 11/09/2015 | Bank of the Ozarks, Inc. (OZRK) | Special Conditions | $402.5 million | $25.00 | $24.62 | 38,323 | 04/30/2016 | 1.54% | 46.95% |
Details of C1 Financial, Inc. Expected to close late in the first quarter of 2016 or early in the second quarter of 2016 for a closing value of $402.5 million in an all-stock transaction valued at approximately $25.00 per C1 share. Under the terms of the agreement, each holder of outstanding shares of common stock of C1 will receive shares of common stock of OZRK. The number of OZRK shares to be issued will be determined based on OZRK’s ten day average closing stock price as of the second business day prior to the closing date, subject to a minimum and maximum price of $39.79 to $66.31, respectively. The consideration payable to C1 shareholders is subject to downward adjustment if the net book value of C1 at the time of the merger is below a specified level and is subject to an upward adjustment if certain loans of C1 are sold at a price above a specified amount. |
+ | MNRK | 12/17/2015 | Towne Bank (TOWN) | All Stock | $221 million | $18.03 | $17.77 | 33,026 | 06/30/2016 | 1.47% | 7.34% |
Details of Monarch Financial Holdings, Inc. Expected to close in the second quarter of 2016 for a closing value of $221 million in an all stock deal. Under the terms of the agreement, shareholders of Monarch Financial Holdings will receive 0.8830 shares of TowneBank common stock for each share of Monarch. |
+ | RSTI | 03/16/2016 | Coherent Inc. (COHR) | All Cash | $942 million | $32.50 | $32.07 | 120,660 | 12/31/2016 | 1.34% | 1.90% |
Details of Rofin-Sinar Technologies Inc. Expected to close in six to nine months for a closing value of $942 million. Upon completion of the merger, shareholders of Rofin_Sinar Technologies will receive $32.50 per share in cash. |
+ | MEG | 01/27/2016 | Nexstar Broadcasting Group, Inc. (NXST) | Special Conditions | $4.6 billion | $17.14 | $16.93 | 616,291 | 12/15/2016 | 1.24% | 1.88% |
Details of Media General, Inc. Expected to close late in the third quarter or early in the fourth quarter of 2016 for a closing value of 4.6 billion in a cash plus stock deal. Under the terms of agreement, shareholders of Media General will receive $10.55 per share in cash and 0.1249 of a share of Nexstar Class A common stock for each Media General share. The agreement includes potential additional consideration in the form of a contingent value right (“CVR”) entitling Media General shareholders to net cash proceeds as received from the sale of Media General’s spectrum in the Federal Communication Commission’s upcoming Incentive Auction. |
+ | PNX | 09/29/2015 | Nassau Reinsurance Group Holdings L.P. (N/A) | All Cash | $217.2 million | $37.50 | $37.06 | 28,522 | 06/30/2016 | 1.19% | 5.94% |
Details of The Phoenix Companies Inc. Expected to close in the second quarter of 2016 for a closing value of $217.2 million. Upon completion of the merger, shareholders of The Phoenix Companies will receive $37.50 per share in cash. |
+ | PULB | 12/03/2015 | First Busey Corporation (BUSE) | All Stock | $210.7 million | $16.37 | $16.20 | 14,239 | 06/30/2016 | 1.04% | 5.21% |
Details of Pulaski Financial Corporation Expected to close in the first half of 2016 for a closing value of $210.7 million in an all stock deal. Under the terms of the agreement, shareholders of Pulaski Financial Corporation will receive 0.79 shares of Busey common stock for each share of Pulaski common stock. |
+ | GAS | 08/24/2015 | Southern Company (SO) | All Cash | $12 billion | $66.00 | $65.38 | 344,147 | 12/31/2016 | 0.95% | 1.35% |
Details of AGL Resources Inc. Expected to close in the second half of 2016 for a closing value of $12 billion. Upon completion of the merger, shareholders of AGL Resources will receive $66.00 per share in cash. |
+ | FNFG | 10/30/2015 | KeyCorp. (KEY) | Cash Plus Stock | $4.1 billion | $10.26 | $10.16 | 1,888,600 | 09/30/2016 | 0.94% | 2.09% |
Details of First Niagara Financial Group Inc. Expected to close in the third quarter of 2016 for a closing value of $4.1 billion in a cash plus stock deal. Under the terms of the agreement, First Niagara shareholders will receive 0.68 KeyCorp shares and $2.30 in cash for each First Niagara common share. |
+ | FMER | 01/26/2016 | Huntington Bancshares Incorporated (HBAN) | Cash Plus Stock | $3.4 billion | $22.08 | $21.90 | 990,460 | 09/30/2016 | 0.82% | 1.81% |
Details of FirstMerit Corporation Expected to close in the third quarter of 2016 for a closing value of $3.4 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of FirstMerit Corporation will receive 1.72 shares of Huntington common stock, and $5.00 in cash, for each share of FirstMerit Corporation common stock. |
+ | DATE | 12/07/2015 | FutureWorld Inc. (N/A) | All Cash | N/A | $7.56 | $7.50 | 30,111 | 04/30/2016 | 0.80% | 24.33% |
Details of Jiayuan.com International Ltd. Expected to close in the first quarter of 2016. Upon completion of the merger, shareholders of Jiayuan.com International will receive $7.56 per share in cash. |
+ | VSCP | 03/25/2016 | BioTelemetry, Inc. (BEAT) | All Cash | $15.5 million | $4.05 | $4.02 | 15,522 | 05/09/2016 | 0.75% | 12.97% |
Details of VirtualScopics Inc. Expected to close in the second quarter of 2016 for a closing value of $15.5 million. Upon completion of the merger, shareholders of VirtualScopics will receive $4.05 per share in cash. Update(s) April 8, 2016: BioTelemetry (BEAT) commenced a cash tender offer to purchase all outstanding common and preferred shares of VirtualScopics (VSCP). The tender offer will expire on May 9, 2016, unless the offer period is extended in accordance with the terms of the Agreement and Plan of Merger and the applicable rules and regulations of the SEC. |
+ | ARG | 11/17/2015 | Air Liquide (N/A) | All Cash | $13.4 billion | $143.00 | $142.00 | 526,296 | 08/15/2016 | 0.70% | 2.16% |
Details of Airgas, Inc. The closing of the transaction is subject to Airgas shareholders’ approval, receipt of necessary antitrust and other regulatory approvals and other customary conditions and provisions. Upon completion of the merger, shareholders of Airgas will receive $143 per share in cash. Update(s) February 23, 2016: The merger is expected to close in the second or third quarter of 2016. |
+ | ADT | 02/16/2016 | An Affiliate of Certain Funds Managed By Affiliates of Apollo Global Management, LLC (N/A) | All Cash | $6.94 billion | $42.00 | $41.71 | 2,269,596 | 06/30/2016 | 0.70% | 3.48% |
Details of The ADT Corporation Expected to close by June, 2016 for a closing value of $6.94 billion. Upon completion of the merger, shareholders of The ADT Corporation will receive $42.00 per share in cash. |
+ | ATNY | 02/29/2016 | an affiliate of private equity firm J. F. Lehman & Company (N/A) | All Cash | $110 million | $2.00 | $1.99 | 227,817 | 06/30/2016 | 0.50% | 2.51% |
Details of API Technologies Corp. Expected to close in the second quarter of 2016. Upon completion of the merger, shareholders of API Technologies will receive $2.00 per share in cash. |
+ | CBNJ | 01/05/2016 | OceanFirst Financial Corp. (OCFC) | Cash Plus Stock | $208.1 million | $13.79 | $13.73 | 43,740 | 09/30/2016 | 0.43% | 0.95% |
Details of Cape Bancorp, Inc. Expected to close in the summer of 2016 for a closing value of $208.1 million in a cash plus stock deal. Under the terms of the agreement, shareholders of Cape Bancorp will receive $2.25 in cash and 0.6375 shares of OceanFirst common stock for each share of Cape common stock. |
+ | KLAC | 10/21/2015 | Lam Research Corporation (LRCX) | Cash Plus Stock | $10.6 billion | $72.82 | $72.53 | 486,450 | 06/30/2016 | 0.40% | 2.00% |
Details of KLA-Tencor Corporation Expected to close by mid-calendar year 2016 for a closing value of $10.6 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of KLA-Tencor will be entitled to elect to receive for the shares of KLA-Tencor stock they hold the economic equivalent of $32.00 in cash and 0.5 of a share of Lam Research common stock, in all-cash, all-stock, or mixed consideration. |
+ | CPGX | 03/17/2016 | TransCanada Corporation (TRP) | All Cash | $13 billion | $25.50 | $25.41 | 5,893,129 | 12/31/2016 | 0.35% | 0.50% |
Details of Columbia Pipeline Group, Inc. Expected to close in the second half of 2016 for a closing value of approximately $13 billion. Upon completion of the merger, shareholders of Columbia Pipeline Group will receive $25.50 per share in cash. |
+ | PNY | 10/26/2015 | Duke Energy Corporation (DUK) | All Cash | $6.7 billion | $60.00 | $59.80 | 401,593 | 12/31/2016 | 0.33% | 0.47% |
Details of Piedmont Natural Gas Co. Inc. Expected to close by the end of 2016 for a closing value of $6.7 billion. Upon completion of the merger, shareholders of Piedmont Natural Gas will receive $60.00 per share in cash. |
+ | TUMI | 03/03/2016 | Samsonite International S.A. (N/A) | All Cash | $1.8 billion | $26.75 | $26.67 | 649,468 | 06/30/2016 | 0.30% | 1.50% |
Details of Tumi Holdings, Inc. Expected to close in the second quarter of 2016 for a closing value of $1.8 billion. Upon completion of the merger, shareholders of Tumi Holdings will receive $26.75 per share in cash. |
+ | NTLS | 08/10/2015 | Shenandoah Telecommunications Co. (SHEN) | All Cash | $640 million | $9.25 | $9.23 | 156,086 | 04/30/2016 | 0.22% | 6.59% |
Details of NTELOS Holdings Corp. Expected to close in early 2016 for a closig value of $640 million. Upon completion of the merger, shareholders of NTELOS Holdings will receive $9.25 per share in cash. Update(s) April 15, 2016: Shenandoah Telecommunications Company (SHEN) announced that the Federal Communications Commission (FCC) approved Shentel’s proposed acquisition of NTELOS Holdings (NTLS). Shentel anticipates that the transactions will close within the next few weeks, subject to the remaining closing conditions. |
+ | POWR | 02/24/2016 | Southern Company (SO) | All Cash | $431 million | $18.75 | $18.72 | 235,751 | 06/30/2016 | 0.16% | 0.80% |
Details of PowerSecure International, Inc. Expected to close in the second quarter of 2016 for a closing value of $431 million. Upon completion of the merger, shareholders of PowerSecure International will receive $18.75 per share in cash. |
+ | FCS | 11/18/2015 | ON Semiconductor Corp. (ON) | All Cash | $2.4 billion | $20.00 | $19.98 | 365,793 | 04/14/2016 | 0.10% | 0.00% |
Details of Fairchild Semiconductor International Inc. Expected to close on February 3, 2016 for a closing value of $2.4 billion. Upon completion of the merger, shareholders of Fairchild Semiconductor International will receive $20.00 per share in cash. Update(s) February 19, 2016: ON Semiconductor Corporation (ON) announced that it has extended its previously announced tender offer to purchase all of the outstanding shares of common stock of Fairchild Semiconductor International (FCS) to March 3, 2016. March 4, 2016: ON Semiconductor Corporation (ON) announced that it has extended its previously announced tender offer to purchase all of the outstanding shares of common stock of Fairchild Semiconductor International (FCS) to March 17, 2016. March 18, 2016: ON Semiconductor Corporation (ON) announced that it has extended its previously announced tender offer to purchase all of the outstanding shares of common stock of Fairchild Semiconductor International (FCS) to March 31, 2016. April 1, 2016: ON Semiconductor Corporation (ON) announced that it has extended its previously announced tender offer to purchase all of the outstanding shares of common stock of Fairchild Semiconductor International (FCS) to April 14, 2016. |
+ | HFFC | 11/30/2015 | Great Western Bancorp. Inc. (GWB) | All Stock | $139.5 million | $18.82 | $18.81 | 27,331 | 06/30/2016 | 0.07% | 0.37% |
Details of HF Financial Corp. Expected to close in the second quarter of 2016 for a closing value of $139.5 million in a cash plus stock deal. Under the terms of the agreement, HF Financial stockholders will have the option to elect to receive either 0.6500 shares of Great Western common stock or $19.50 in cash for each HF Financial common share, subject to proration to ensure that in the aggregate 75% of HF Financial shares will be converted into stock. |
+ | HPY | 12/15/2015 | Global Payments Inc. (GPN) | Cash Plus Stock | $4.3 billion | $103.89 | $103.82 | 304,090 | 05/31/2016 | 0.07% | 0.60% |
Details of Heartland Payment Systems, Inc. Expected to close in the fourth quarter of Global Payment’s fiscal 2016 for a closing value of $4.3 billion in a cash plus stock deal. Under the terms of the agreement, Heartland shareholders will receive 0.6687 shares of Global Payments stock and $53.28 for each share of Heartland stock at closing. |
+ | TFM | 03/14/2016 | Apollo Global Management, LLC (APO) | All Cash | $1.36 billion | $28.50 | $28.48 | 2,750,441 | 06/30/2016 | 0.07% | 0.35% |
Details of The Fresh Market, Inc. Expected to close in the second quarter of 2016 for a closing value of approximately $1.36 billion. Upon completion of the merger, shareholders of The Fresh Market will receive $28.50 per share in cash. |
+ | NTI | 12/21/2015 | Western Refining, Inc. (WNR) | Cash Plus Stock | N/A | $22.90 | $22.89 | 961,750 | 06/30/2016 | 0.06% | 0.30% |
Details of Northern Tier Energy LP Expected to close in the first half of 2016 in a cash plus stock deal. Under the terms of the agreement, shareholders of Northern Tier Energy will receive $15.00 in cash and 0.2986 of a share of WNR common stock. |
+ | SLI | 04/07/2016 | Handy & Harman Ltd. (HNH) | All Cash | $166.32 million | $40.00 | $39.98 | 20,884 | 06/30/2016 | 0.05% | 0.25% |
Details of SL Industries Inc. Expected to close in the second quarter of 2016 for $166.32 million. Upon completion of the merger, shareholders of SL Industries will receive $40.00 per share in cash. |
+ | NEWP | 02/23/2016 | MKS Instruments, Inc. (MKSI) | All Cash | $980 million | $23.00 | $23.00 | 262,963 | 06/30/2016 | 0.00% | 0.00% |
Details of Newport Corp. Expected to close in the second quarter of 2016 for a closing value of $980 million. Upon completion of the merger, shareholders of Newport will receive $23.00 per share in cash. |
+ | AFOP | 04/07/2016 | Corning Inc. (GLW) | All Cash | $305 million | $18.50 | $18.51 | 580,322 | 06/30/2016 | -0.05% | -0.27% |
Details of Alliance Fiber Optic Products Inc. Expected to close in the second quarter of 2016 for a closing value of $305 million. Upon completion of the merger, shareholders of Alliance Fibre Optics Products will receive $18.50 per share in cash. |
+ | STR | 02/01/2016 | Dominion Resources, Inc. (D) | All Cash | $4.4 billion | $25.00 | $25.02 | 1,087,035 | 12/15/2016 | -0.08% | -0.12% |
Details of Questar Corporation Expected to close by the end of 2016 for a closing value of $4.4 billion. Upon completion of the merger, shareholders of Questar Corporation will receive $25.00 per share in cash. |
+ | RKUS | 04/04/2016 | Brocade Communications Systems, Inc. (BRCD) | Cash Plus Stock | $1.2 billion | $13.49 | $13.51 | 824,623 | 07/31/2016 | -0.13% | -0.45% |
Details of Ruckus Wireless, Inc. Expected to close in Brocade’s third fiscal quarter of 2016 for a closing value of approximately $1.2 billion in a cash plus tock deal. Under the terms of the agreement, shareholders of Ruckus Wireless will receive $6.45 in cash and 0.75 shares of Brocade common stock for each share of Ruckus common stock. |
+ | CKEC | 03/03/2016 | AMC Entertainment Holdings, Inc. (AMC) | All Cash | $1.1 billion | $30.00 | $30.06 | 692,833 | 12/31/2016 | -0.20% | -0.28% |
Details of Carmike Cinemas Inc. Expected to close by the end of 2016 for a closing value of $1.1 billion. Upon completion of the merger, shareholders of Carmike Cinemas will receive $30.00 per share in cash. |
+ | CHEV | 11/24/2015 | MainSource Financial Group, Inc. (MSFG) | All Stock | $107.4 million | $14.79 | $14.84 | 32,811 | 09/30/2016 | -0.36% | -0.80% |
Details of Cheviot Financial Corp. Expected to close in the second or third quarter of 2016 for a closing value of $107.4 million in a cash or stock deal. Under the terms of the agreement, shareholders of Cheviot Financial may elect to receive either 0.6916 shares of MainSource common stock or $15.00 in cash for each share of Cheviot common stock owned, subject to proration provisions specified in the merger agreement that provide for a targeted aggregate split of 50% of Cheviot shares being exchanged for common stock and 50% for cash. |
+ | RSE | 02/25/2016 | an affiliate of Brookfield Asset Management Inc. (N/A) | All Cash | $2.8 billion | $18.25 | $18.32 | 143,948 | 09/30/2016 | -0.38% | -0.85% |
Details of Rouse Properties, Inc. Expected to close in the third quarter of 2016 for a closing value of $2.8 billion. Upon completion of the merger, shareholders of Rouse Properties will receive $18.25 per share in cash. |
+ | FSYS | 09/01/2015 | Westport Innovations Inc. (WPRT) | All Stock | $126.36 million | $5.43 | $5.45 | 18,533 | 03/31/2016 | -0.39% | 7.83% |
Details of Fuel Systems Solutions, Inc. Expected to close in the fourth quarter of 2015 for a closing value of $126.36 million in an all stock deal. Under the terms of the agreement, shareholders of Fuel Systems Solutions will receive 2.129 Westport shares for each share of Fuel Systems common stock they own. Update(s) March 7, 2016: Fuel Systems (FSYS) signed an amendment to the Merger Agreement with Westport (WPRT). In light of current market volatility, the exchange ratio of the Merger Agreement has been amended to include a collar mechanism in order to provide Fuel Systems stockholders with greater certainty regarding the consideration they will receive upon closing of the Merger. In the event that the NASDAQ volume weighted average price of Westport common shares during a specified measuring period (“VWAP”) is equal to or greater than $2.37, then Fuel Systems stockholders will receive 2.129 Westport common shares per Fuel Systems share on closing of the Merger and through the exchange process. In the event Westport’s VWAP is equal to or less than $1.64, Fuel Systems stockholders would receive approximately 3.08 Westport common shares per Fuel Systems share on closing of the merger and through the exchange process. In the event that Westport’s VWAP is greater than $1.64 and less than $2.37, then Fuel Systems stockholders would receive a number of Westport common shares per Fuel Systems share equal to dividing $5.05 by Westport’s VWAP, rounded to four decimal places. The measuring period will be the ten consecutive trading days ending on and including the trading day five business days prior to the anticipated closing date. The Merger currently is anticipated to close in late March 2016. Since WPRT is currently trading over $2.37 and the deal is supposed to close in the next few days, we are not making any adjustment to the deal terms in our tool. |
+ | CKP | 03/02/2016 | an affiliate of CCL Industries Inc. (N/A) | All Cash | $443 million | $10.15 | $10.19 | 143,438 | 09/30/2016 | -0.39% | -0.87% |
Details of Checkpoint Systems Inc. The transaction is subject to specified closing conditions. Expected to close for a closing value of $443 million. Upon completion of the merger, shareholders of Checkpoint Systems will receive $10.15 per share in cash. |
+ | TE | 09/05/2015 | Emera (N/A) | All Cash | $10.4 billion | $27.55 | $27.69 | 1,031,452 | 06/30/2016 | -0.51% | -2.53% |
Details of TECO Energy, Inc. Expected to close by mid-2016 for a closing value of $10.4 billion. Upon completion of the merger, shareholders of TECO Energy will receive $27.55 per share in cash. |
+ | HTS | 04/11/2016 | Annaly Capital Management, Inc. (NLY) | All Stock | $1.5 billion | $15.85 | $15.94 | 1,334,920 | 09/30/2016 | -0.56% | -1.25% |
Details of Hatteras Financial Corp Expected to close in the third quarter of 2016 for a closing value of $1.5 billion in a cash plus stock deal. Under the terms of the agreement, Hatteras shareholders may elect to receive: (a) $5.55 in cash and 0.9894 shares of Annaly common stock; (b) $15.85 in cash (the “Cash Consideration Option”); or (c) 1.5226 shares of Annaly common stock (the “Stock Consideration Option”). Hatteras shareholders who elect the Cash Consideration Option or Stock Consideration Option will be subject to proration, in each of the exchange offer and the subsequent second step merger, so that the aggregate consideration will consist of approximately 65% of Annaly’s common stock and approximately 35% in cash. |
+ | COB | 11/23/2015 | Capital Bank Financial Corp. (CBF) | All Stock | $350 million | $13.38 | $13.48 | 83,056 | 03/31/2016 | -0.73% | 14.80% |
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+ | WCN | 01/19/2016 | Progressive Waste Solutions Ltd. (BIN) | All Stock | N/A | $63.72 | $64.28 | 500,630 | 06/30/2016 | -0.88% | -4.38% |
Details of Waste Connections Inc. Expected to close in the second quarter of 2016. Under the terms of the definitive agreement, Waste Connections stockholders will receive 2.076843 Progressive Waste shares for each Waste Connections share they own. Subject to the approval of Progressive Waste’s shareholders, Progressive Waste then expects to implement immediately a share consolidation on the basis of 0.4815 (1 divided by the 2.076843 ratio above) of a share on a post-consolidation basis for each one share outstanding on a pre-consolidation basis. |
+ | HOT | 11/16/2015 | Marriott International, Inc. (MAR) | Special Conditions | $13.6 billion | $79.53 | $80.39 | 3,573,256 | 06/30/2016 | -1.07% | -5.35% |
Details of Starwood Hotels & Resorts Worldwide Inc. Expected to close by mid-2016 for a closing value of $12.2 billion in a cash plus stock deal. Under the terms of the agreement, Starwood shareholders will receive 0.92 shares of Marriott International common stock and $2.00 in cash for each share of Starwood common stock. Starwood shareholders will separately receive consideration from the spin-off of the Starwood timeshare business and subsequent merger with Interval Leisure Group, which has an estimated value of approximately $1.3 billion to Starwood shareholders or approximately $7.80 per Starwood share, based on the 20-day VWAP of Interval Leisure Group stock ending November 13, 2015. The timeshare transaction should close prior to the Marriott-Starwood merger closing. Since we are treating this deal as a ‘special conditions’ deal, the actual value is likely to fluctuate and hence will be different from what we have entered in the database. Update(s) March 14, 2016: Starwood Hotels & Resorts Worldwide (HOT) announced that on March 10, 2016 it received a non-binding proposal from a consortium of companies (the “Consortium”) to acquire all of the outstanding shares of common stock of Starwood for $76.00 per share in cash. Starwood’s Board of Directors has not changed its recommendation in support of Starwood’s merger with Marriott. The Board, in consultation with its legal and financial advisors, will carefully consider the outcome of its discussions with the Consortium in order to determine the course of action that is in the best interest of Starwood and its stockholders. March 18, 2016: Starwood Hotels & Resorts Worldwide (HOT) announced that it has received a revised binding and fully financed proposal from a consortium consisting of Anbang Insurance Group , J.C. Flowers & Co. and Primavera Capital Limited (the “Consortium”), that the Starwood Board of Directors, in consultation with its legal and financial advisors, has determined constitutes a “Superior Proposal,” as defined in Starwood’s merger agreement with Marriott International (MAR). Consistent with the terms of the Marriott merger agreement, Marriott has the right until 11:59 p.m. ET on March 28, 2016 to negotiate revisions to the existing merger agreement between Marriott and Starwood so that the proposal from the Consortium no longer constitutes a “Superior Proposal”. Starwood will negotiate in good faith with Marriott during this period, and the Starwood Board will consider in good faith any changes to the Marriott agreement that Marriott may propose during this period. March 21, 2016: Marriott International (MAR) and Starwood Hotels & Resorts Worldwide (HOT) announced that the companies have signed an amendment to their definitive merger agreement. Under the terms of the amended merger agreement, Starwood shareholders will receive $21.00 in cash and 0.80 shares of Marriott International Class A common stock for each share of Starwood Hotels & Resorts Worldwide common stock. Excluding its timeshare business, the transaction values Starwood at approximately $13.6 billion. March 28, 2016: China’s Anbang Group again upped its offer to $14 billion, or $82.75 per share to acquire Starwood Hotels & Resorts Worldwide (HOT). Later, on April 1, 2016, Starwood announced that a consortium of companies headed by Chinese insurer Anbang Insurance Group has withdrawn its proposal to acquire Starwood for $82.75 per share and does not aim to make another offer. The withdrawal of the offer by the consortium of companies, which also included J.C. Flowers & Co. and Primavera Capital Limited, was primarily due to concerns related to the market. This announcement paves the way for Marriott International (MAR) to merge with Starwood. The two hoteliers will host their individual shareholder meetings on Apr 8 to vote for the planned merger. |
+ | FXCB | 12/08/2015 | Univest Corporation of Pennsylvania (UVSP) | All Stock | $244.3 million | $19.20 | $19.69 | 9,850 | 09/30/2016 | -2.49% | -5.51% |
Details of Fox Chase Bancorp, Inc. Expected to close in the third quarter of 2016 for a closing value of $244.3 million in a cash or stock deal. Upon completion of the merger, Fox Chase shareholders will elect to receive either $21.00 in cash, or a fixed exchange ratio of 0.9731 shares of Univest, or a combination of the two, for outstanding shares of Fox Chase. The stock/cash election is subject to allocation provisions to assure that 40% of Fox Chase shares receive cash consideration and 60% of Fox Chase shares receive stock consideration. |
+ | LPSB | 03/10/2016 | Horizon Bancorp (HBNC) | All Stock | $94.1 million | $15.45 | $15.87 | 6,275 | 09/30/2016 | -2.62% | -5.79% |
Details of Laporte Bancorp, Inc. Expected to close for a closing value of $94.1 million in a cash or stock deal. Under the terms of the agreement, shareholders of Laporte Bancorp will have the option to receive $17.50 per share in cash or 0.629 shares of Horizon common stock, or a combination of both, for each share of LaPorte Bancorp’s common stock. LaPorte Bancorp shareholders will receive total consideration that consists of 65% stock and 35% cash. |
+ | BITI | 01/19/2016 | Acorda Therapeutics, Inc. (ACOR) | All Cash | $363 million | $25.60 | $26.43 | 9,600 | 09/30/2016 | -3.14% | -6.95% |
Details of Biotie Therapies Corp. Expected to close in the third quarter of 2016 for a closing value of $363 million. Upon completion of the merger, shareholders of Biotie Therapies will receive $25.60 per share in cash. |
+ | ABCW | 01/12/2016 | Old National Bancorp. (ONB) | All Stock | 461 million | $44.56 | $46.10 | 216,080 | 06/30/2016 | -3.34% | -16.72% |
Details of Anchor BanCorp Wisconsin Inc. Expected to close in the second quarter of 2016 for a closing value of $461 million in a cash or stock deal. Under the terms of the agreement, Anchor shareholders may elect to receive either 3.5505 shares of Old National common stock or $48.50 in cash for each share of Anchor they hold, subject to no more than 40% of the outstanding shares of Anchor may receive cash. |
+ | CACQ | 12/22/2014 | Caesars Entertainment Corporation (CZR) | All Stock | N/A | $4.81 | $7.07 | 62,885 | 03/31/2015 | -31.91% | 30.33% |
Details of Caesars Acquisition Company 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. |