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

Update(s)

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

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.

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.

Update(s)

June 23, 2016: California Insurance Commissioner Dave Jones weighed in against health insurer Aetna (AET) proposed $34 billion acquisition of Humana (HUM), urging national antitrust regulators to block the deal.

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.

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.

June 28, 2016: Since the FTC is continuing its review of the Hutchinson Technology (HTCH) merger and has not indicated when its review may be completed, we are moving the closing date by three months to September 30, 2016.

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.

Expected to close in February or March, 2017 for a closing value of $18 million. Under the terms of the agreement, TBUSH will acquire WaferGen for an aggregate cash purchase price that will be based on a multiple of WaferGen’s 2016 calendar revenue and capped at $50.0 million, subject to the potential adjustments described below. The multiple will range between 1.0 times up to 3.5 times WaferGen’s full year 2016 revenue.  If revenues exceed $9.0 million the multiple will be 3.5.

This is a complex deal with many conditions that make it challenging to determine the actual value of this deal on a per share basis. Using their full year 2015 revenue and applying a multiple of 2.5, we get a rough estimate of $0.95/share and are going to use this price as a placeholder in our database.

Expected to close in the second half of 2016 for a closing value of $556 million in a going-private transaction. Upon completion of the merger, shareholders of E-Commerce China Dangdang will receive $6.70 per American depositary share of the Company, each ADS representing five Class A Shares of the Company.

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.

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.

Update(s)

April 28, 2016: Apollo Education Group (APOL) announced that the Special Meeting of Shareholders has been adjourned to May 6, 2016 in order to provide additional time for shareholders to vote.Of the Class A shares voted to date, nearly 58% voted FOR the proposed transaction. However, the favorable vote of a majority of all outstanding Class A shares is required to adopt this proposal, and the votes to date in favor of the transaction do not yet constitute a majority of the outstanding shares.Update(s)

May 1, 2016: Apollo Education Group (APOL) announced that it has received a revised offer from a consortium of investors including The Vistria Group, funds affiliated with Apollo Global Management and the Najafi Companies. Under the revised terms, which represent a best and final offer, the consortium has increased the price at which it would acquire the company to $10.00 per share in cash for both Class A and Class B shares.

May 2, 2016: Apollo Education Group (APOL) announced that its shareholders have approved the merger agreement for the proposed acquisition by a consortium of investors, including The Vistria Group, funds affiliated with Apollo Global Management and the Najafi Companies.

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.

Update(s)

March 3, 2016: C1 Financial (BNK), announced that, at its special meeting of shareholders, a majority of the outstanding shares of C1 common stock voted to approve the adoption of the merger agreement with Bank of the Ozarks (OZRK). The transaction is expected to close late in the first quarter or in the second quarter of 2016.

June 28, 2016: C1 Financial (BNK) and Bank of the Ozarks (OZRK) received the approval of the Federal Reserve Bank for the Bank Merger. As a result, all regulatory approvals for the Merger have been received. OZRK has announced that it expects to close the Merger on or about July 21, 2016, subject to the satisfaction of the other closing conditions of the Merger.

Exoected to close in the second half of 2016 for a closing value of 670 million Euros. Upon completion of the merger, shareholders of Aixtron will receive 6 Euros per share in cash.

Note: We have used a conversion rate of 1.11 US Dollars per Euro.

Expected to close in the third quarter of 2016 for a closing value of approximately $1.1 billion in a cash and stcok deal. Under the terms of the agreement, Rovi will pay $2.75 per share in cash, or approximately $277 million, subject to adjustment as described under the collar mechanism. The remainder, $7.95 per share, will be paid in shares of common stock of a new holding company that will own both Rovi and TiVo.
The stock consideration is subject to a two-way collar between Average Rovi Stock Prices of $16.00 and $25.00.If Rovi’s stock price increases between the agreement date and the closing, TiVo stockholders will receive fewer shares (a lower exchange ratio) until the Average Rovi Stock Price reaches $25.00, at which point the exchange ratio will be fixed at 0.3180 per share.Conversely, if Rovi’s share price decreases between signing and closing, TiVo stockholders will receive more shares (a higher exchange ratio) until the Average Rovi Stock Price reaches $18.71. Between an Average Rovi Stock Price of $18.71 (exchange ratio of 0.4250 per share) and $16.00 (exchange ratio of 0.4969 per share), Rovi has the option to pay additional cash instead of issuing more shares. If the Average Rovi Stock Price is below $16.00, Rovi may set the exchange ratio, in its sole discretion, between 0.4250 and 0.4969. If Rovi makes this election, the per share cash amount will be $10.70 minus the product of the Average Rovi Stock Price and the applicable exchange ratio that Rovi elects. In no event will the cash amount be more than $3.90 per share.

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.

Expected to close in the second half of 2016 for a closing value of $3.6 billion. Upon completion of the merger, shareholders of Lexmark International will receive $40.50 per share in cash.

Expected to close in the second half of 2016. Upon completion of the merger, shareholders of Ku6 Media will receive $1.08 per ADS.

Expected to close in the spring of 2017 for a closing value of approximately $12.2 billion ina cash plus stock deal. Under the terms of the agreement, Westar shareholders will receive $60.00 per share of total consideration for each share of Westar common stock, consisting of $51.00 in cash and $9.00 in Great Plains Energy common stock, subject to a 7.5 percent collar based upon the Great Plains Energy common stock price at the time of the closing of the transaction, with the exchange ratio for the stock consideration ranging between 0.2709 to 0.3148 shares of Great Plains Energy common stock for each Westar share of common stock, representing a consideration mix of 85 percent cash and 15 percent stock.

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.

Expected to close in the second quarter of 2016. Upon completion of the merger, sharheholders of National Holdings Corporation will receive $3.25 per share in cash.

May 17, 2016: Based on information from the NHLD second quarter earnings conference call, we are adjusting the closing date to August 15, 2016.

Expected to close by the end of the year for a closing value of $4.4 billion in a cash plus stock deal. Under the terms of the agreement, each share of Lionsgate common stock will be reclassified into 0.5 voting and 0.5 newly created non-voting shares.  Holders of each share of Starz Series A common stock will receive $18.00 in cash as well as 0.6784 of a share of Lionsgate non-voting stock based on a fixed exchange ratio. Holders of each share of Starz Series B common stock will receive $7.26 in cash and 0.6321 of a share of Lionsgate voting stock and 0.6321 of a share of Lionsgate non-voting stock.

We are entering this deal only for STRZA.

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.

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.

June 27, 2016: Marriott International (MAR) and Starwood Hotels and Resorts Worldwide (HOT) today announced they have received unconditional clearance from the European Union for Marriott to acquire Starwood in a merger transaction. Stockholders of both Marriott and Starwood overwhelmingly approved proposals related to the transaction on April 8 and Marriott and Starwood anticipate closing the transaction in July 2016.

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.

Update(s)

June 29, 2016: The Valspar Corporation (VAL) announced that Valspar shareholders voted to approve the Company’s proposed acquisition by The Sherwin-Williams Company (SHW).

Expected to close in the fourth quarter of 2016 for a closing value of $38.1 million. Upon completion of the merger, shareholders of Polonia Bancorp will be entitled to elect to receive either 0.7591 shares of Prudential common stock or $11.28 in cash for each common share of Polonia, subject to proration and allocation to ensure that 50% of outstanding Polonia shares are exchanged for shares of Prudential common stock and 50% are exchanged for cash.

Expected to close in the fourth quarter of 2016 for a closing value of $402 million in an all stock deal. Under the terms of the agreement, shareholders of Suffolk Bancorp will receive 2.225 shares of People’s United Financial stock for each Suffolk Bancorp share.

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.

Expected to close in the fourth quarter of 2016 for a closing value of $25 billion in a cash plus stock deal. Under the terms of the agreement, St. Jude Medical shareholders will receive $46.75 in cash and 0.8708 shares of Abbott common stock.

Expected to close in the third or fourth quarter of 2016 for a closing value of $794 million. Upon completion of the merger, shareholders of Morgans Hotel Group will receive $2.25 per share in cash.

Expected to close in the fourth quarter of 2016 for a closing value of $90 million in a cash or stock deal. Under the terms of the agreement, shareholders of First Clover Leaf’s stockholders may elect to exchange each share of First Clover Leaf common stock for either $12.87 in cash or .495 of a share of First Mid common stock, subject to certain potential adjustments. Overall elections are subject to proration such that 25 percent of the First Clover Leaf shares will be exchanged for cash and 75 percent for First Mid stock.

Expected to close in this calendar year for a closing value of $26.2 billion. Upon completion of the merger, shareholders of LinkedIn will receive $196 per share in cash.

Expected to close in the third quarter of 2016 for a closing value of $3 billion. Upon completion of the merger, shareholders of Qlik technologies will receive $30.50 per share in cash.

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.

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.

Expected to close in the third quarter of 2016 for a cloing value of $65.5 million. Upon completion of the merger, shareholders of The First Marblehead Corporation will receive $5.05 per share in cash.

Expected to close by the end of 2016 for a closing value of $5.2 billion. Upon completion of the merger, shareholders of Talen Energy will receive $14.00 per share in cash.

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.

Expected to close in the third quarter of 2016 in an all stock deal. Under the terms of the agreement, each outstanding common share of Mines Management will be exchanged for 0.2218 of a common share of Hecla.

Expected to close in the third fiscal quarter for a closing value of $643 million. Upon completion of the merger, shareholders of Xura will receive $25.00 per share in cash.

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.

Expected to close by the end of the year in an all stock deal. Under the terms of the agreement, shareholders of Envision Healthcare willreceive 0.334 AmSurg shares per Envision shares.

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.

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.

Update(s)

June 15, 2016: Annaly Capital Management (NLY) announced that it has extended its previously announced exchange offer to purchase all of the outstanding shares of common stock of Hatteras Financial (HTS) to July 11, 2016. The completion of the Offer remains subject to the satisfaction or waiver of these and other conditions of the Offer.

Expected to close in the third calendar quarter of 2016 for a closing value of $17.2 million. Upon completion of the merger, shareholders of  Ceres will receive $0.40 per share in cash.

Expected to close in the second half of 2016 for a closing value of $4.4 billion in an all stock deal. Under the terms of the agreement, MRD shareholders will receive 0.375 shares of Range common stock for each share of MRD common stock held.

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.

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.

Expected to close by the end of the year for a closing value of $870 million. Upon completion of the merger, shareholders of Elizabeth Arden will receive $14.00 per share in cash.

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.

April 15, 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 28, 2016.

April 29, 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 May 12, 2016.

May 13, 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 May 26, 2016.

May 27, 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 June 9, 2016.

June 10, 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 June 23, 2016.

June 24, 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 July 7, 2016.

Expected to close in the third quarter of 2016 for a closing value of $1.79 billion. Upon completion of the merger, shareholders of Marketo will receive $35.25 per share in cash.

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.

Expected to close in the third or fourth quarter of 2016 for a closing value of $221 million in a cash plus stock deal. Under the terms of the agreement, Your Community shareholders will be entitled to receive 0.964 of a share of WesBanco common stock and cash in the amount of $7.70 per share for each share of Your Community common stock.

Expected to close in July 2015. Upon completion of the merger, shareholders of Smart Technologies will receive $4.50 per share in cash.

Expected to close in the fourth quarter of 2016 for a closing value of $1.95 billion in an all stock deal. Under the terms of the agreement, Parkway shareholders will receive 1.63 shares of Cousins stock for each share of Parkway stock they own.

Expected to close in the fourth quarter of 2016 for a closing value of $3.8 billion. Upon completion of the merger, shareholders of Axiall Corporation will receive $33.00 per share in cash.

Expected to close in the third quarter of 2016 for a closing value of $156 million. Upon completion of the merger, shareholders of ReachLocal will receive $4.60 per share in cash.

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.

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.

Update(s)

May 23, 2016: Polycom (PLCM), announced that it had received a revised, non-binding proposal from a private equity sponsor that was previously described as “Sponsor 1” in the Registration Statement on Form S-4 filed by Mitel Networks Corporation (MITL). Under the terms of Sponsor 1’s revised proposal, existing Polycom stockholders would receive a cash dividend of $11.00 per share and Sponsor 1 would purchase from Polycom $650 million in shares of a new convertible preferred stock of Polycom. The Polycom Board, in consultation with its legal and financial advisors, will consider the outcome of its discussions or negotiations with Sponsor 1 to determine the course of action that is in the best interest of Polycom and its stockholders.

June 8, 2016: Polycom (PLCM), which agreed to be acquired by Mitel Networks (MITL) said that it had received a revised offer from a private equity firm identified only as “Sponsor 1” to take it private for a new offer of $12.25 per share.

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.

Expected to close in the next few months for a closing value of approximately $2.2 billion. Upon completion of the merger, shareholders of Diamond Resorts International will receive $30.25 per share in cash.

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.

Expected to close in the third calendar quarter of 2016 for a closing value of $1.65 billion. Upon completion of the merger, shareholders of Cvent will receive $36.00 per share in cash.

Expected to close during Medtronic`s second fiscal quarter ending October 28, 2016 for a closing value of $1.1 billion. Upon completion of the merger, shareholders of Heartware International will receive $58.00 per share in cash.

Expected to close in the net 90 to 120 days for a closing value of $323.4 million. Upon completion of the merger, shareholders of Electro Rent Corporation will receive $13.12 per share in cash.

Update(s)

June 24, 2016: Platinum Equity and Electro Rent Corporation (ELRC) announced that the purchase price for Platinum Equity’s previously announced acquisition of Electro Rent has increased by 18% to $15.50 per share in cash from $13.12 per share, now valuing the purchase price at approximately $382.2 million.

Expected to close by mid 2016 for a closing value of $80 million. Upon completion of the merger, shareholders of Hansen Medical will receive $4.00 per share in cash.

Expected to close late in the third quarter or early in the fourth quarter of 2016 for a closing value of $270 million. Upon completion of the merger, shareholders of Resource America will receive $9.78 per share in cash.

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.

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.

Update(s)

May 17, 2016: BBCN Bancorp (BBCN) and Wilshire Bancorp (WIBC) jointly announced the receipt of approvals from all regulatory agencies required for closing the merger of equals between BBCN and Wilshire.

Expected to close in the second half of 2016 for a closing value of $940 million. Upon completion of the merger, shareholders of inContact will receive $14.00 per share in cash.

Expected to close in the third quarter or 2016 for a closing value of $509 million. Upon completion of the merger, shareholders of SciQuest will receive $17.75 per share in cash.

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.

Expected to close in the third quarter of 2016 for a closing value of $2.2 billion. Upon completion of the merger, shareholders of ExamWorks Group will receive $35.05 per share in cash.

Expected to close in early 2017 for a closing value of $4.2 billion. Upon completion of the merger, shareholders of FEI Company will receive $107.50 per share in cash.

Expected to close in the third calendar quarter of 2016 for a closing value of $1.36 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of QLogic will receive $11.00 per share in cash and 0.098 of a share of Cavium common stock for each share of QLogic common stock.

Expected to close in the third quarter of 2016 for a closing value of $467 million. Upon completion of the merger, shareholders of Xenoport will receive $7.03 per share in cash.

Expected to close by the end of 2016 for a closing value of $3.8 billion. Upon completion of the merger, shareholders of DreamWorks Animation SKG will receive $41.00 per share in cash.

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.

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.

Expected to close in the third quarter of 2016 for a closin value of approximately $1.5 billion. Upon completion of the merger, shareholders of Celator Pharmaceuticals will receive $30.25 per share in cash.

Expected to close in the third quarter of 2016 for a closing value of $1.35 billion. Upon completion of the merger, shareholders of Krispy Kreme Doughnuts will receive $21.00 per share in cash.

Expected to close in the third quarter of 2016 for a closing value of $1 billion. Upon completion of the merger, shareholders of LDR Holding Corporation will receive $37.00 per share in cash.

Expected to close in the second quarter of Salesforce’s fiscal year 2017, ending July 31, 2016. Upon completion of the merger, shareholders of Demandware will receive $75.00 per share in cash.

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.

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.

Update(s)

June 23, 2016: Rouse Properties (RSE) announced that, at a special meeting of stockholders held today, the Company stockholders approved the previously announced merger agreement with BSREP II Retail Pooling, an affiliate of Brookfield Asset Management. Subject to the satisfaction of the conditions set forth in the merger agreement, the merger is expected to close on or about July 6, 2016.

Expected to close in the third quarter of 2016 in an all stock deal for $1.74 billion. Under the terms of the agreement, shareholders of Rose Rock Midstream will receive 0.8136 SemGroup common shares per Rose Rock common unit.

Expected to close in the fourth quarter of 2016 or the first quarter of 2017 for a closing value of $143 million in an all stock deal. Under the terms of the agreement, each outstanding share of Lake Sunapee common stock will be exchanged for 0.4970 shares of Bar Harbor common stock.

Expected to close in the fourth quarter of 2016 or first quarter of 2017 for a closing value of $97.3 million in a stock or cash deal. Under the terms of the agreement, Carolina Bank Holdings shareholders will receive either 1.002 shares of First Bancorp’s common stock or $20.00 in cash for each share of Carolina Bank Holdings common stock, subject to the total consideration being 75% stock / 25% cash.

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.

Expected to close in the third quarter of 2016 for a closing value of $140.3 million. Upon completion of the merger, shareholders of Symmetry Surgucal will receive $13.10 per share in cash.

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.

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.

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.

Update(s)

June 13, 2016: Biotie Therapies (BITI) announced that the voluntary delisting of its American Depositary Shares from the NASDAQ Global Select Market became effective prior to the opening of trading on 13 June, 2016.

Expected to close in the second half of 2016 for a closing value of approximately $60 million in an all stock deal. Under the terms of the agreement Transition Therapeutics security holders will receive 0.156 shares of OPKO common stock per TTI stock, valued at $1.55 per share of Transition Therapeutics common stock. At the Effective Time, each issued and outstanding share of TTHI Common Stock (other than any shares of TTHI Common Stock held by the Company or any Company affiliate) will be converted and exchanged into shares of Company Common Stock using an exchange rate equal to (i) 6,430,868 divided by (ii) the number of shares of TTHI Common Stock outstanding immediately prior to the Effective Time (including shares of TTHI Common Stock deemed to have been issued as a result of the conversion of the TTHI Options, but excluding any shares of TTHI Common Stock held by the Company or any affiliate of the Company). Based on the Q3 2016 Financial Report, TTHI has 38,878,879 shares outstanding and 2,320,812 options outstanding.

Expected to close within the next twelve months for a closing value of $3.4 billion in a cash plus stock deal. Under the term of the agreement, American Capital shareholders will receive $1.470 billion in cash from Ares Capital, or $6.41 per share, plus 0.483 Ares Capital shares for each American Capital share. In a separate transaction, American Capital also announced today that it is selling   American Capital Mortgage Management to American Capital Agency (AGNC) for $562 million or $2.45 per fully diluted share.

Expected to close by the end of 2016 for a closing value of $269 million. Upon completion of the merger, shareholders of American Science and Engineering will receive $37.00 per share in cash.

Expected to close in the second half of 2016 for a closing value of $9 billion in an all stock deal. Under the terms of the agreement, IMS Health shareholders will receive a fixed exchange ratio of 0.384 shares of Quintiles common stock for each share of IMS Health common stock.

Expected to close in the first quarter of 2016 for a closing value of $350 million in cash or stock deal. Under the terms of the agreement, CommunityOne shareholders shall have the right to receive, at the election of each holder and subject to proration, $14.25 per share in cash or 0.43 of a share of Capital Bank Class A common stock, with the total consideration to consist of 85% stock and 15% cash.

Update(s)

April 29, 2016: The President and CEO of CommunityOne Bancorp (COB) said that the merger with Capital Bank (CBF) is expected to close in the second quarter of 2016.

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.

Update(s)

June 16, 2016: Horizon Bancorp (HBNC) and LaPorte Bancorp (LPSB), jointly announced that the Office of the Comptroller of the Currency and the Federal Reserve Board have approved or not objected to the proposed merger of LaPorte Bancorp and its wholly-owned subsidiary, The LaPorte Savings Bank, with and into Horizon’s wholly-owned bank subsidiary, Horizon Bank.

Expected to close in the third quarter of 2016 for a closing value of $177 million. Upon completion of the merger, shareholders of Skullcandy will receive $5.75 per share in cash.

Update(s)

June 27, 2016: Skullcandy (SKUL) announced that on June 24, 2016 Skullcandy’s board of directors received an unsolicited proposal from Mill Road Capital to acquire all of the outstanding shares of Skullcandy common stock for $6.05 per share in cash.

Expected to close late in the third quarter or fourth quarter of 2016 in an all stock merger. Under the terms of the agreement, shareholders of Aegerion Pharmaceuticals will receive 1.0256 shares of QLT common stock.

Expected to close in the third quarter of 2016 for a closing value of $2.2 billion in an all stock deal. Under the terms of the agreement, InterOil shareholders will receive:

• 8.05 ordinary shares of Oil Search for each InterOil share (the Share Consideration); or
• InterOil shareholders may elect to receive a cash alternative, up to a total of US$770 million (subject to a pro rata scaleback) (the Cash Alternative); and
• All InterOil shareholders will also receive a CVR which will deliver an additional cash payment of approximately US$6.05 per share for each tcfe gross resource certification of the Elk-Antelope fields above 6.2 tcfe.

Update(s)

June 30, 2016: InterOil Corporation (IOC) received from a third party an unsolicited, conditional, non-binding proposal to acquire 100% of the outstanding common shares of InterOil.

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.