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.

July 27, 2016: Alere received a U.S. Department of Justice subpoena regarding government-billing practices. The company released a statement claiming that the billing concerned “accounted for significantly less than 1% of Alere’s total revenues” and is not material.

August 26, 2016: Alere (ALR) issued a statement saying it’s suing the company it’s hoping to merge with, Abbott Laboratories (ABT). Alere said in a statement that it filed the complaint Thursday in Delaware Chancery Court hoping “to compel Abbott to fulfill its obligations under the terms of the merger agreement to take all actions necessary to promptly obtain all required anti-trust approvals.”

September 2, 2016: Representatives for Alere said that a Delaware judge granted a motion to expedite Alere’s (ALR) lawsuit against Abbott Laboratories (ABT), which seeks to ensure that Abbott lives up to the terms of its $5.8 billion takeover of the diagnostics company.

September 8, 2016: Abbott Laboratories (ABT) and Alere (ALR) agreed to work with a mediator to settle their dispute over Abbott’s role in obtaining U.S. antitrust clearance for its $5.8 billion takeover of the diagnostics company.

September 26, 2016: Alere said that mediation efforts between Abbott Laboratories (ABT) and Alere (ALR) have broken down. With the failure of the talks, Alere will likely proceed with a lawsuit in the Delaware Court of Chancery where it it trying to force Abbott to complete its $5.6 billion purchase of Alere.

October 21, 2016: Alere (ALR) announced that its shareholders have voted to approve the previously announced merger with Abbott (ABT).

November 5, 2016: Abbott Laboratories (ABT) launched a lawsuit against Alere (ALR) for having not complying with the certain conditions contained in the $7.9 billion agreement.

December 7, 2016: Alere (ALR), issued a statement in response to a lawsuit filed by Abbott Laboratories (ABT) in the Delaware Court of Chancery to terminate Abbott’s pending merger agreement with Alere. On December 8, 2016, Abbott Laboratories fired the latest salvo in its legal battle with Alere over their $5.8 billion buyout agreement, suing the troubled Waltham diagnostics firm in an effort to terminate the deal.

December 30, 2016: Arriva Medical, a Florida-based subsidiary of Alere (ALR), filed an appeal with the the Centers for Medicare and Medicaid Services on Wednesday seeking to reinstate its enrollment. The Medicare dispute is one reason why Abbott Laboratories (ABT) is currently seeking to terminate its February buyout of Alere. The companies have sued one another in Delaware court, with Alere arguing that the $5.8 billion deal should go forward.

January 4, 2017: Alere (ALR) provided an update in connection with Arriva Medical’s complaint filed on December 28, 2016, against the Centers for Medicare & Medicaid Services. We have extended the closing date for this deal to March 31, 2017.

Expected to close in the middle of 2017 for a closing value of $2.7 billion. Upon completion of the merger, shareholders of Genworth Financial will receive $5.43 per share in cash.

Update(s)

December 21, 2016: Genworth Financial (GNW) announced that under the HSR Act, the merger with China Oceanwide Holdings Group may not be completed until certain information and materials have been provided by Asia Pacific and Genworth to the Antitrust Division of the U.S. Department of Justice and the Federal Trade Commission, and the applicable waiting period under the HSR Act has expired or been terminated. The parties filed the required notifications with the Antitrust Division and the FTC on December 7, 2016 and early termination of the applicable waiting period was granted on December 16, 2016.

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.

Update(s)

July 22, 2016: The Justice Department filed lawsuits to block two megadeals in the health insurance industry, saying the deals would harm competition across the country. The DOJ filed suits to block the mergers of Anthem (ANTM) and Cigna (CI)  as well as Aetna (AET) and Humana (HUM).

August 5, 2016: The federal judge assigned to decide whether two high-profile health insurer mergers violate antitrust laws has ordered the case involving Anthem (ANTM) and Cigna (CI) to be reassigned to another judge.

August 13, 2016: The judge overseeing the U.S. Justice Department’s bid to stop health insurer Anthem (ANTM) from merging with competitor Cigna (CI) said on Friday her goal was to have a ruling by the end of January, later than the Dec. 30 date sought by Anthem. We are changing the closing date for the deal to 03/31/2017.

September 21, 2016: Anthem (ANTM) and Cigna (CI) accused one another of violating the terms of their merger agreement, according to a legal filing by the Justice Department, which is suing to block the health-insurance deal on antitrust grounds.

September 30, 2016: The judge who will rule on whether the government may stop health insurer Anthem (ANTM) from buying competitor Cigna (CI) said that she was considering splitting the trial into phases. Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia said that she was mulling hearing separately about the effect of the merger on the national market in one phase and on local markets in a second phase with a potential decision after the first set of arguments.

October 7, 2016: Anthem (ANTM) and Cigna (CI) should be required to reveal documents in which the health insurance companies accuse each other of breaching their merger agreement, according to an adviser to the judge overseeing a U.S. lawsuit seeking to block the deal. Letters and e-mails between the two companies may become evidence in the Justice Department’s lawsuit seeking to halt the $48 billion deal, Richard Levie, who has been appointed special master in the case, said in a report Thursday. Anthem and Cigna argue the documents shouldn’t be released because they’re privileged communications.

November 21, 2016: Anthem (ANTM) Cigna (CI) and the U.S. government offered a federal judge very different views of the impact their proposed $48 billion combination will have on health-insurance markets.

December 1, 2016: Anthem (ANTM) could face a penalty of about $3 billion from the national Blue Cross Blue Shield Association if it fails to derive the bulk of its nationwide revenue from Blue-branded products after acquiring Cigna (CI), according to testimony from an Anthem executive during a U.S. antitrust trial in Washington.

Expected to close by the end of 2017 for a closing value of $66 billion. Upon completion of the merger, shareholders of Monsanto will receive $128 per share in cash.

Expected to close by the end of the year for a closing value of $43 billion. Under the terms of the agreement, shareholders of Syngenta will receive US$465 per ordinary share plus a special dividend of CHF 5 to be paid conditional upon and prior to closing. The offer is equivalent to a Swiss franc value of CHF 480 per share.

Update(s)

October 28, 2016: European Union antitrust regulators opened an in-depth investigation into state-owned Chinese chemicals group ChemChina’s $43 billion bid for Swiss pesticides and seeds group Syngenta (SYT), China’s biggest-ever foreign acquisition.

November 1, 2016: ChemChina said it has extended its $43 billion cash offer for Swiss agrichemicals group Syngenta (SYT) to January 5 while it works to gain regulatory approval for the deal.

November 17, 2016: The European Commission pushed back its deadline for a decision on ChemChina’s plan to acquire Swiss pesticides and seeds group Syngenta (SYT) by 10 working days to March 29. We have extended the closing date for this deal to April 15, 2017.

December 2, 2016: Reuters noted that ChemChina has put together a fund aimed at raising around $5 billion to help finance its Syngenta (SYT) purchase.

January 3, 2017: European Union antitrust regulators extended the deadline for a decision on ChemChina’s proposed buy of Swiss pesticides and seeds group Syngenta (SYT) by 10 working days to April 12.

January 10, 2017: ChemChina and Syngenta (SYT) proposed minor concessions to the EU’s competition watchdog to address concerns over their $43 billion merger plan.

Expected to close early in 2017 for a closing value of $1.3 billion. Upon completion of the merger, shareholders of Lattice Semiconductor will receive $8.30 per share in cash.

Update(s)

November 30, 2016: Lattice Semiconductor Corporation (LSCC) announced that under the HSR Act and the rules promulgated thereunder, certain transactions exceeding the applicable thresholds require notification to the FTC and DOJ and expiration or termination of the applicable waiting period before the transaction can be consummated, unless an exemption applies. Parent or Merger Sub, on the one hand, and the Company, on the other hand, filed with the FTC and the DOJ on December 9, 2016 a Notification and Report Form relating to the Merger Agreement and the transactions contemplated hereby as required by the HSR Act. Under the HSR Act, the Merger may not be consummated until expiration or early termination of a 30-day waiting period, which will expire on January 9, 2017.

Expected to close by the first quarter of 2017 for a closing value of $2.3 billion. Upon completion of the merger, shareholders of Trina Solar will receive $11.60 per American depositary share (ADS). Each ADS represents 50 ordinary shares of the company.

Update(s)

December 16, 2016: Trina Solar Limited (TSL) announced that the Company’s shareholders voted in favor of the proposal to authorize and approve the previously announced agreement and plan of merger dated August 1, 2016 by and among Fortune Solar Holdings Limited, Red Viburnum Company Limited and the Company.

Expected to close before year-end 2017 for a closing value of $108.7 billion in a cash plus stock deal. Under the terms of the agreement, Time Warner shareholders will receive $107.50 per share under the terms of the merger, comprised of $53.75 per share in cash and $53.75 per share in AT&T stock. The stock portion will be subject to a collar such that Time Warner shareholders will receive 1.437 AT&T shares if AT&T’s average stock price is below $37.411 at closing and 1.3 AT&T shares if AT&T’s average stock price is above $41.349 at closing.

Update(s)

December 1, 2016: AT&T (T) executives reportedly met with members of Donald Trump’s transition team, which told the telecom company its proposed merger would be scrutinized without prejudice. Executives are apparently confident the deal can pass regulatory review.

December 22, 2016: AT&T (T) announced that it has found a leader for its integration with Time Warner (TWX). The Dallas telecom has chosen Lori Lee, who currently serves as senior executive vice president and global marketing officer.

December 23, 2016: Brean Capital’s Alan Gould mentioned in a note that the arbitrage discount to the AT&T (T) to acquire Time Warner (TWX) has shrunk from the high teens to 12 percent. Gould downgraded the rating on Time Warner from Buy to Hold.

January 6, 2017: Dallas-based AT&T (T) said in a securities filing that it anticipates Time Warner (TWX) will not need to transfer any of its FCC licenses to AT&T, which would likely mean the deal will only need the approval of the U.S. Justice Department.

January 9, 2017: Time Warner (TWX) invited its stockholders to attend a special meeting of the shareholders of Time Warner that will be held on February 15. The deal could hit a roadblock unless Time Warner shareholders holding at least a majority of the shares outstanding as of the close of January 3, 2017 — the record for the special meeting — vote in favor of the transaction.

Expected to close in the first half of 2017 for a closing value of $5.5 billion. Upon completion of the merger, shareholders of Cabela’s will receive $65.50 per share in cash.

Update(s)

October 25, 2016: Cabela’s Incorporated (CAB) and Parent each filed with the Canadian Competition Bureau pre-merger notification forms pursuant to Section 114(1) of the Competition Act, which triggered the start of the 30-day statutory waiting period under the Competition Act. The waiting period was originally scheduled to expire on November 24, 2016, unless a Supplementary Information Request (“SIR”) was issued by the Bureau pursuant to subsection 114(2) of the Competition Act. On November 24, 2016, the Company and Parent each received from the Bureau a SIR pursuant to subsection 114(2) of the Competition Act. The issuance of a SIR does not indicate that the Bureau has concluded that the transaction raises competition concerns. The SIR reflects a determination by the Bureau that it requires additional information to assess the proposed transaction. The Bureau’s decision has the effect of extending the waiting period applicable to the Merger under the Competition Act, before which the transaction is prohibited by law to close, until 30 days after the day on which the information requested in the SIR has been received by the Bureau from all SIR recipients. The Company and Parent intend to cooperate fully with this request.

On October 25, 2016, the Company and Parent filed their respective notification and report forms under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), with the Antitrust Division of the Department of Justice and the United States Federal Trade Commission, which triggered the start of the HSR Act waiting period. The statutory waiting period was originally scheduled to expire on November 25, 2016. Effective November 25, 2016, with the Company’s prior consent, Parent voluntarily withdrew its HSR Act notification to provide the FTC an extension beyond the initial 30-day HSR Act waiting period to conduct its review. On November 29, 2016, Parent re-filed its HSR Act notification with the FTC and DOJ. The new waiting period under the HSR Act will expire on December 29, 2016, unless the DOJ or FTC grants early termination of the HSR Act waiting period or formally requests additional information concerning the Merger.

December 30, 2016: U.S. fishing and hunting equipment retailer Cabela’s (CAB), which is being bought by privately held rival Bass Pro Shops, said the Federal Trade Commission had sought more information from the companies about the deal. Capital One had informed the company that it does not expect to get approval for acquiring the credit card business, called World’s Foremost Bank, before Oct. 3, 2017, hence not allowing the deal to close in the first half of 2017.

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.

July 8, 2016: Aetna (AET) executives met with top Justice Department antitrust officials to convince the government that asset sales it proposed would address potential competitive problems that could threaten its deal to buy rival Humana (HUM).

July 9 , 2016: WellCare Health Plans (WCG) and Centene (CNC) made competing offers for the Medicare Advantage insurance plans that Aetna (AET) is looking to shed as it seeks clearance for its acquisition of Humana (HUM).

July 22, 2016: The Justice Department filed lawsuits to block two megadeals in the health insurance industry, saying the deals would harm competition across the country. The DOJ filed suits to block the mergers of Anthem (ANTM) and Cigna (CI)  as well as Aetna (AET) and Humana (HUM).

October 5, 2016: Lawyers in the antitrust case surrounding Aetna’s (AET) proposed acquisition of Humana (HUM) have accused the U.S. Department of Justice with “serious delay and misconduct.”

December 6, 2016: A U.S. Justice Department attorney told a federal judge on Monday that health insurer Aetna’s (AET) planned acquisition of Humana (HUM) would break antitrust law by reducing competition in Medicare Advantage and Obamacare exchange businesses, kicking off a trial expected to last weeks. On December 8, 2016, The Justice Department hammered away in court at the viability of a plan by Aetna and Humana to sell off assets to alleviate antitrust concerns about their proposed $34 billion merger.

December 13, 2016: The U.S. Justice Department sought to knock down arguments by Aetna (AET)’s chief executive that Medicare Advantage competes with government insurance programs, making Aetna’s proposed merger with Humana (HUM) legal under antitrust law.

December 23, 2016: Humana and Aetna again have extended their self-imposed deadline to complete their acquisition deal to allow time for a federal judge to rule on the proposed transaction. The new deadline for Aetna (AET) to complete its $37 billion acquisition of Humana (HUM) is now end-of-day Feb. 15, 2017.

Under the terms of the agreement, shareholders of Synutra will receive $6.05 per share in cash.

Expected to close by the end of 2017 for a closing value of $38 billion. Upon completion of the merger, shareholders of NXP Semiconductors will receive $110 per share in cash.

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.

Update(s)

June 2, 2016: Anbang withdrew its application to buy Fidelity & Guaranty Life (FGL) after failing to provide information requested for processing the deal. Anbang will try a second time with a “refiled acquisition application” to the New York regulator.

August 22, 2016: According to FGL‘s Quarterly Report filed on August 2, 2016, Anbang continues to work on securing the required regulatory approvals and the parties are committed to securing such approvals, however, the closing of the FGL Merger, and the timing thereof, is subject to the regulatory review and approval process. In the event that the Merger Agreement is terminated, FGL may be required to pay a termination fee to Anbang and its subsidiaries of $51. We have made this deal Active again.

November 3, 2016: Anbang, Parent and Merger Sub amended the Merger Agreement with Fidelity & Guaranty Life (FGL) by extending the Outside Termination Date from November 7, 2016 to February 8, 2017.

Expected to close in the second quarter of 2017 for a closing value of $304 million. Under the terms of the agreement, shareholders of Merchants Bancshares will have the option to receive, at their election, consideration per share equal to (i) 0.963 shares of Community Bank System common stock, (ii) $40.00 in cash or (iii) the combination of 0.6741 shares of Community Bank System common stock and $12.00 in cash, subject to an overall proration to 70% stock and 30% cash.

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 by September 2016 for a closing value of $2.5 billion. Upon completion of the merger, shareholders of InterOil Corporation will receive $45 per share in cash. A Contingent Resource Payment (CRP), which will be an additional cash payment of $7.07 per share for each trillion cubic feet equivalent (tcfe) gross resource certification of the Elk-Antelope field above 6.2 tcfe, up to a maximum of 10 tcfe. The CRP will be paid on the completion of the interim certification process in accordance with the Share Purchase Agreement with Total SA, which will include the Antelope-7 appraisal well, scheduled to be drilled later in 2016. The CRP will not be transferrable and will not be listed on any exchange.

 The number of ExxonMobil shares paid per share of InterOil will be calculated based on the volume weighted average price (VWAP) of ExxonMobil shares over a measuring period of 10 days ending shortly before the closing date. We are treating this as a special conditions deal with an estimated closing price of $52.07 consisting of $45 of ExxonMobil shares and $7.07 of the CRP payment with the realization that both the share portion and the CRP payment could be higher or lower at closing.

Update(s)

September 28, 2016: InterOil Corporation (IOC) provided the following update regarding InterOil’s pending transaction with Exxon Mobil Corporation (XOM): As previously disclosed, the closing of the transaction with ExxonMobil requires a final order from the Supreme Court of Yukon. The hearing was held on September 27 and the court is considering the matter, including an objection filed by Phil Mulacek. Completion of the transaction prior to the end of September would require issuance of a final order no later than the close of business on Thursday, September 29. ExxonMobil and InterOil intend to close the transaction promptly after the final order is obtained.

October 10, 2016: InterOil Corporation (IOC) announced that, after the close of business on October 7, 2016, the Supreme Court of Yukon approved the pending transaction with Exxon Mobil Corporation (XOM), including finding that the transaction is fair and reasonable. The decision of the Supreme Court of Yukon followed a contested hearing held on September 27, 2016.

October 20, 2016: InterOil Corporation (IOC) provided an update on the court approval process regarding the pending transaction with Exxon Mobil Corporation (XOM). The Court of Appeal of the Yukon has accommodated an expedited hearing with respect to the appeal lodged by Phil Mulacek, which is scheduled to be heard on October 31, 2016. In addition, the Court of Appeal of Yukon granted a stay of the Supreme Court of Yukon’s order approving the transaction, pending the hearing. We have extended the closing date for this deal through November 30, 2016.

November 5, 2016: InterOil Corporation (IOC) announced that the Court of Appeal of Yukon has upheld the appeal lodged by Phil Mulacek and overturned the Supreme Court of Yukon’s approval of the pending transaction with Exxon Mobil Corporation (XOM) on October 7, 2016. InterOil continues to believe that the current Arrangement Agreement represents compelling value for all InterOil shareholders. InterOil and ExxonMobil are considering the court’s ruling and determining a path to closing the transaction.

November 14, 2016: InterOil Corporation (IOC) said that they are currently in discussions with Exxon (XOM) with respect to extending the outside date of the proposed transaction, which is currently December 14, 2016. They are also considering options to file for leave to appeal to the Supreme Court of Canada. If the transaction is not effected prior to the outside date, either party has the right to terminate the arrangement agreement.

December 13, 2016: InterOil Corporation (IOC) provided an update on the transaction with Exxon Mobil Corporation (XOM). Following the previously announced decision by the Court of Appeal of Yukon to allow an appeal lodged by Phil Mulacek, InterOil’s Independent Transaction Committee, consisting of four independent and experienced directors of InterOil, are undertaking a detailed and thorough review process relating to the proposed transaction, with the support of independent legal counsel and BMO Capital Markets, an independent financial advisor. To accommodate the new review process, ExxonMobil and InterOil have agreed to extend the outside date of the current Arrangement Agreement to the close of business on Wednesday, December 21, 2016.

December 16, 2016: InterOil Corp (IOC) said it has increased the cap on an additional cash payment based on the output from a natural gas field in Papua New Guinea that was part of its sale agreement with ExxonMobil Corp (XOM). InterOil also said the termination fee has been increased to $100 million from $67 million, and extended the outside date of the transaction to March 31, 2017. We have extended the closing date for this deal to March 31, 2017.

December 21, 2016: Exxon Mobil (XOM)’s offer to raise its bid for InterOil (IOC) to as high as $3.9 billion isn’t enough to pacify the deal’s most prominent opponent.

Expected to close in the first half of 2017 for a closing value of $1.1 billion in an all stock deal. Under the terms of the agreement, EarthLink shareholders will receive 0.818 shares of Windstream common stock for each EarthLink share owned.

Expected to close for a closing value of $299 million. Under the terms of the Merger Agreement, shareholders of KongZhong will receive $7.55 per share in cash.

Expected to close in the third quarter of 2017 for a closing value of $34 billion in a cash plus stock deal. Under terms of the agreement, Level 3 shareholders will receive $26.50 per share in cash and a fixed exchange ratio of 1.4286 shares of CenturyLink stock for each Level 3 share they own.

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.

Update(s)

December 20, 2016: The shareholders of Carolina Bank Holdings (CLBH) voted at a special meeting of shareholders to approve the previously announced Agreement and Plan of Merger and Reorganization of Carolina Bank Holdings with First Bancorp (FBNC).

Expected to close in the second quarter of 2017 for a closing value of $2.2 billion. Upon completion of the merger, shareholders of Stillwater Mining Companies will receive $18.00 per share in cash.

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).

October 29, 2016: The Sherwin-Williams Company (SHW) and The Valspar Corporation (VAL) issued the following statement in response to unfounded market rumors concerning regulatory approvals for the definitive agreement between Sherwin-Williams and Valspar, which was announced on March 20, 2016: Sherwin-Williams and Valspar continue to cooperate fully with the FTC staff and continue to expect the transaction will close by the end of Q1 calendar year 2017.  Given the complementary nature of the businesses and the benefits this transaction will provide to customers, Sherwin-Williams and Valspar continue to believe that no or minimal divestitures should be required to complete the transaction.

December 19, 2016: The Sherwin-Williams Company (SHW) and The Valspar Corporation (VAL) issued the following statement in response to unfounded market rumors concerning regulatory approvals for the definitive agreement between Sherwin-Williams and Valspar, which was announced on March 20, 2016: Sherwin-Williams and Valspar continue to cooperate fully with the FTC staff and continue to expect the transaction will close by the end of Q1 calendar year 2017. Given the complementary nature of the businesses and the benefits this transaction will provide to customers, Sherwin-Williams and Valspar continue to believe that no or minimal divestitures should be required to complete the transaction.

Expected to close in the second quarter of 2017 for a closing value of $233.1 million in an all stock deal. Under the terms of the merger agreement, Middleburg shareholders will receive a fixed exchange ratio of 1.3314 Access National shares for each share of Middleburg common stock owned.

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.

Update(s)

September 9, 2016: Walgreens (WBA) announced that it has been in talks with the Federal Trade Commission (FTC) since its announcement to discuss what actions need to be taken to gain the necessary regulatory blessings of its $17 billion acquisition of RiteAid (RAD).

September 12, 2016: Walgreens (WBA) to Divest More Stores to Close Rite Aid Deal. WBA provided an update to its proposed takeover of Rite Aid Corporation (RAD). Per the requirements stated by the U.S. Federal Trade Commission, for the acquisition to be closed, Walgreens now needs to divest between 500 and 1,000 drug stores.

October 20, 2016: Walgreens Boots Alliance (WBA) and Rite Aid Corporation (RAD) announced that, in accordance with the terms of their merger agreement dated 27 October 2015, they have mutually agreed to extend the end date of their merger agreement from 27 October 2016 to 27 January 2017. The companies now expect the transaction will close in early calendar 2017.

December 20, 2016: Walgreens Boots Alliance (WBA) and Rite Aid Corporation (RAD) announced that they have entered into an agreement to sell 865 Rite Aid stores and certain assets related to store operations to Fred’s (FRED) for $950 million in an all-cash transaction.

Expected to close in mid-calendar year 2017 for a closing value of $2.6 billion. Upon completion of the merger, shareholders of Headwaters will receive $24.25 per share in cash.

Update(s)

December 29, 2016: Headwaters (HW) invited its stockholders to attend the Special Meeting of Stockholders of Headwaters Incorporated, which will be held on Friday, February 3, 2017 to approve the merger agreement with Boral Limited and Enterprise Merger Sub.

January 5, 2017: Boral Limited, in consultation with Headwaters Incorporated (HW), voluntarily withdrew its Premerger Notification and Report Form on January 6, 2017, under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the proposed acquisition of Headwaters by Boral. Boral plans to re-file the HSR Filing on January 10, 2017 in order to restart the initial waiting period under the HSR Act and to provide the U.S. Federal Trade Commission additional time to review the proposed transaction.

Expected to close in the first half of 2017 for $20 million in an all stock deal. Under the terms of the agreement, each share of American DG common stock will be exchanged for 0.092 shares of Tecogen common stock.

Expected to close in the second half of 2017 for a closing value of $196 million. Upon completion of the merger, shareholders of Gas Natural will receive $13.10 per share in cash.

Update(s)

December 28, 2016: Gas Natural (EGAS) announced that, based on votes cast at the Company’s special meeting of shareholders, Gas Natural’s shareholders voted to approve the Company’s previously announced plan to merge with First Reserve Energy Infrastructure Fund.

Expected to close by mid-2017 for a closing value of $644.1 million in an all stock deal. Under the terms of the merger agreement, Pacific Continental shareholders are entitled to receive 0.6430 of a share of Columbia common stock for each share of Pacific Continental stock, subject to certain potential adjustments.

Expected to close by mid-2017 for for a closing value of $1.5 billion in an all stock deal. Under the terms of the agreement, FairPoint shareholders will receive a fixed exchange ratio of 0.7300 shares of Consolidated Communications common stock for each share of FairPoint common stock.

Update(s)

January 12, 2017: The $1.5B merger of FairPoint Communications (FRP) and Consolidated Communications (CNSL) received its antitrust approval. That came in an early termination notice Thursday from the Federal Trade Commission, which means that neither it nor the Justice Department had issues with the merger that required either conditions or suing to block it, so its Hart-Scott-Rodino antitrust review was terminated early. The merger still needs to get the approval of the FCC, whose review extends beyond antitrust to public interest concerns.

Expected to close in the second quarter of 2017 for a closing value of $4.9 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of Allied World will receive cash and stock for a total value of $54.00 per Allied World share. The cash portion of the deal is $10, half of which will be paid as a  pre-closing dividend. The share portion of the deal is worth approximately $44.00 in Fairfax Shares and is subject to collars based on the price of Fairfax. Fairfax also has the option to covert $30 of the share portion into a cash offer.

A portion of the stock consideration, having a value of $14.00 based on the closing price of Fairfax Shares as of December 16, 2016, is payable at a fixed exchange ratio of 0.030392. The remaining portion of the stock consideration to Allied World will be a number of Fairfax Shares with a value equal to $30.00, with such number of Fairfax Shares determined based on the volume weighted average closing price of Fairfax Shares for the 20 trading days ending on the day prior to closing (provided that this volume weighted average price is no less than $435.65 and no greater than $485.65 per share, $25.00 below and above the Fairfax Closing Price, respectively). If the volume weighted average price of Fairfax Shares during this period is above $485.65, the stock portion of the consideration will be fixed at 0.061772 Fairfax Shares for each share of Allied World, and if it is below $435.65 per share, the stock portion of the consideration will be fixed at 0.068862 Fairfax Shares for each share of Allied World.  Additionally, on or before 75 days after the date of the Agreement, Fairfax has the option to replace on a dollar-for-dollar basis this portion of the stock consideration with cash in an amount up to $30.00 per Allied World Share, together with the dividend, for up to a total cash consideration of $40.00 per Allied World Share.  Fairfax may elect to fund the $30.00 in cash by an equity or debt issuance or by bringing in third party partners.

Given the complexity of the deal, we have entered this deal as a “Special Conditions” deal with a value of $54.

Expected to close in the first half of 2017 for a closing value of $3.3 billion in a cash plus stock deal. Under the terms of the agreement, each share of MPG’s common stock will be converted into the right to receive $13.50 per share in cash and 0.5 share of AAM common stock.

Expected to close in late 2016 or early 2017 in an all stock deal. Under the terms of the agreement, American Midstream common units will be issued to JP Energy public unitholders at an exchange ratio of 0.5775:1 and to affiliates of ArcLight that hold common units and subordinated units at an exchange ratio of 0.5225:1, resulting in a blended average exchange ratio of 0.55:1.

Expected to close in the second half of Broadcom’s fiscal year 2017 for a closing value of $5.5 billion. Upon completion of the merger, shareholders of Brocade Communications Systems wil receive $12.75 per share in cash.

Update(s)

January 9, 2017: Broadcom (AVGO) and Brocade (BRCD) submitted filings to grant the Federal Trade Commission a little more time to review their $5.9B merger deal.

Expected to close in the second quarter of the fiscal year ending March 31, 2018 for a closing value of $1.3 billion. Upon completion of the merger, shareholders of InvenSense will receive $13.00 per share in cash.

Expected to close in the third quarter of 2017 for a closing value of $9.1 billion. Upon completion of the merger, shareholders of VCA will receive $93.00 per share in cash.

Expected to close in the third quarter of 2017 for a closing value of $564.4 million in a cash plus stock deal. Under the terms of the Agreement, each outstanding share of common stock and equivalents of SBI will be converted into the right to receive 0.3903 shares of the Company’s common stock and $5.11 in cash.

Expected to close by the end of the year for a closing value of $12.5 billion. Upon completion of the merger, shareholders of The WhiteWave Foods will receive $56.25 per share in cash.

Update(s)

October 5, 2016: The WhiteWave Foods Company (WWAV) announced that during a special stockholder meeting, the stockholders of the company approved the merger agreement under which Danone S.A. will acquire all of the outstanding shares of WhiteWave. Stockholders also approved other proposals relating to the merger.

November 9, 2016: In their Q3 earnings release, WhiteWave Food company (WWAV) said that they expect the closing of their merger with Danone S.A. to occur in the first quarter of 2017.

November 22, 2016: The WhiteWave Foods Company (WWAV) announced that holders of a majority in aggregate principal amount of its outstanding $500,000,000 5.375% Senior Notes due 2022 have delivered valid consents in connection with the Company’s previously announced consent solicitation for certain proposed amendments to the indenture governing the 2022 Notes.

December 16, 2016: The European Commission cleared France’s Danone to proceed with its $10.4 billion purchase of U.S. organic food producer WhiteWave (WWAV), subject to it selling a business in Belgium.

January 6, 2017: The WhiteWave Foods Company (WWAV) announced that in accordance with the Merger Agreement, each of the Company and Danone has elected to extend the Long Stop Date under the Merger Agreement by 90 days to facilitate the completion of review of the transaction by the United States Department of Justice under the Hart-Scott-Rodino Antitrust Improvements Act. The Company continues to expect closing to occur in first quarter 2017, though there can be no assurance regarding timing of completion of regulatory processes.

Expected to close by mid-2017 for a closing value of $912 million in an all stock deal. Under the terms of the agreement, shareholders of Cardinal Financial will receive 0.71 of United’s shares for each share of Cardinal.

Expected to close in the spring of 2017 for a closing value of $8.3 billion in a cash plus stock deal. Under the terms of the agreement, each B/E Aerospace shareowner will receive total consideration of $62.00 per share, comprised of $34.10 per share in cash and $27.90 in shares of Rockwell Collins common stock, subject to a 7.5% collar. If the volume weighted average price of Rockwell Collins common stock during this period is above $89.97, the stock portion of the consideration will be fixed at 0.3101 shares of Rockwell Collins common stock for each share of B/E Aerospace, and if it is below $77.41 per share, the stock portion of the consideration will be fixed at 0.3604 shares of Rockwell Collins common stock for each share of B/E Aerospace.

Expected to close by the end of February, 2017 for a closing value of $5.2 billion. Upon completion of the merger, shareholders of ARIAD Pharmaceuticals will receive $24.00 per share in cash.

Expected to close in the later part of this year or early during the first quarter of 2017 for a closing value of $400 million. Under the terms of the agreement,each share of AFCO common stock and each AFCO operating partnership unit will be converted into the right to receive 0.7417 shares (or units) of newly issued FPI common stock (or units)

Expected to close in the second quarter of 2017 for a closing value of $178.3 million in an all stock deal. Under the terms of the agreement, Eastern Virginia common and preferred shareholders will receive a fixed exchange ratio equal to 0.6313 shares of Southern National common stock for each share of Eastern Virginia common stock or preferred stock owned.

Expected to close in the third calendar wuarter of 2017 for a closing value of approximately $2.9 billion. Upon completion of the merger, shareholders of NeuStar will receive $33.50 per share in cash.

Expected to close by mid-2017 for a closing value of $8 billion. Upon completion of the merger, shareholders of Harman International will receive $112 per share in cash.

Expected to close in the second quarter of 2017 for a closing value of $405.6 million in an all stock deal. Under the terms of the definitive agreement, upon consummation of the transaction, holders of Heritage Oaks common stock will have the right to receive 0.3471 shares of Pacific Premier common stock for each share of Heritage Oaks common stock they own.

Expected to close in the first quarter of 2017 for a closing value of $1.4 billion in an all stock deal. Upon completion of the merger, shareholders of Yadkin Financial will receive 2.16 shares of FNB common stock for each common share of Yadkin.

Expected to close by mid-2017 for a closing value of $2.5 billion. Upon completion of the merger, shareholders of Chemtura Corporation will receive $33.50 per share in cash.

Expected to close in the next four to six monhs for a closing value of $2.2 billion. Upon completion of the merger, shareholders of G&K Services will receive $97.50 per share in cash.

Update(s)

November 15, 2016: G&K Services (GK) announced that, based on preliminary voting results from its annual meeting of shareholders held earlier today, the company’s shareholders have approved the proposed merger with Cintas Corporation (CTAS). G&K Services continues to expect the merger to close not later than the second quarter of calendar year 2017, subject to obtaining required regulatory approvals and other customary closing conditions.

We have extended the closing date for this deal to June 30, 2017.

Expected to close in the first quarter of 2017 for a closing value of $49.2 million. Upon completion of the merger, shareholders of Georgetown Bancorp will receive $26.00 per share in cash.

Expected to close in the second quarter of 2017 for a closing value of $4.5 billion. Upon completion of the merger, shareholders of Mentor Graphics will receive $37.25 per share in cash.

Expected to close in the first quarter of 2017 for a closing value of $28 billion in an all stock deal. Under the terms of the Transaction, Spectra Energy shareholders will receive 0.984 shares of the combined company for each share of Spectra Energy common stock they own.

Update(s)

October 25, 2016: Shareholders have filed five separate suits in two weeks against Spectra Energy (SE), alleging the Houston pipeline company is selling itself too cheaply to the Canadian energy firm Enbridge.

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.

Update(s)

January 16, 2017: We have extended the closing date for this deal to March 31, 2017.

Expected to close in the first half of 2017 for a closing value of $6.4 billion in an all stock deal. Under the terms of the agreement, Western shareholders can elect to receive 0.4350 shares of Tesoro for each share of Western stock they own, or $37.30 in cash per share of Western stock, up to a cap of 10% of the equity consideration. Because 90% of the consideration will be paid out in stock we are going to treat this as an all stock deal.

Expected to close in the first half of 2017 for a closing value of $14.8 billion in a cash plus stock deal. Under the terms of the agreement, Linear Technology shareholders will receive $46.00 per share in cash and 0.2321 of a share of Analog Devices common stock for each share of Linear Technology common stock they hold at closing.

Update(s)

October 20, 2016: Analog Devices (ADI) and Linear Technology Corporation (LLTC) announced that on October 19, 2016 the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for the proposed combination of Analog Devices and Linear Technology expired. As a result, the transaction has been cleared for U.S. antitrust purposes. In addition, Analog Devices and Linear Technology received clearance for the transaction from the German Federal Cartel Office on October 11, 2016.

Expected to close in the first half of 2017 for a closing value of $2.3 billion. The agreement calls for the acquisition of SCA’s outstanding common stock for a fixed price of $57.00 per share, to be funded between 51 percent and 80 percent with UnitedHealth Group common stock, with the final percentage to be determined at UnitedHealth Group’s option and the remainder in cash.

Expected to close in the first half of 2017 for a closing value of $3.2 billion. Upon completion of the merger, shareholders of Intersil will receive $22.50 per share in cash.

Update(s)

December 9, 2016: Intersil Corporation (ISIL), announced that Intersil stockholders approved the merger agreement with Renesas Electronics Corporation.

Expected to close in the first quarter of 2017 for a closing value of $19.93 billionin an all stock deal. Under the terms of the transaction, ETP unitholders will receive 1.5 common units of SXL for each common unit of ETP they own.

Expected to close for a closing value of $1.6 billion. Upon completion of the merger, shareholders of Federal Mogul will receive $9.25 per share in cash.

Update(s)

November 17, 2016: Shares of auto parts maker Federal-Mogul Holdings Corp (FDML) slid 5 percent, after Carl Icahn told Reuters that Icahn Enterprise LP (IEP) is considering pulling its $9.25 per share offer for the company.

December 16, 2016: Icahn Enterprises (IEP) announced that the expiration of its cash tender offer for $9.25 per Share , through its wholly owned subsidiary, IEH FM Holdings, for all of the outstanding shares of common stock of Federal-Mogul Holdings Corporation (FDML), has been extended to January 4, 2017. All other terms and conditions of the Offer, including the offer price of $9.25 per share remain unchanged. We have extended the closing date for this deal to January 15, 2017.

January 3, 2017: Billionaire Carl Icahn’s investment firm, Icahn Enterprises LP (IEP), sweetened its offer for a third time to buy shares of Federal-Mogul Holdings Corp (FDML) it does not already own. The latest offer of $10 per share represents a discount of 3 percent to Federal-Mogul’s Friday close but is double the closing price on Feb. 26, the day before Icahn made his first offer of $7 a share. We have extended the closing date to January 17, 2017 and this is the final extension.

Expected to close in the second quarter of 2017 for a closing value of $800 million. Upon completion of the merger, shareholders of Universal American Corp will receive $10.00 per share in cash.

Update(s)

January 4, 2017: WellCare Health Plans (WCG) and Universal American Corp. (UAM) announced the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act) for WellCare’s proposed acquisition of Universal American Corp.

Expected to close in the first half of 2017 for a closing value of $3.2 billion in a cash plus stock deal. Under the terms of the agreement, Bats stockholders will receive $10.00 per share in cash and 0.3201 of a share of CBOE Holdings common stock, representing a total consideration of approximately $32.50 per share, based on the closing price of CBOE Holdings.

Expected to close early calendar year 2017 for a closing value of $4.4 billion. Upon completion of the merger, shareholders of CST Brands will receive $48.53 per share in cash.

Update(s)

December 9, 2016: CST Brands (CST) stockholders approved the merger agreement with one of the Alimentation Couche-Tard Inc.´s wholly owned U.S. subsidiaries.

Expected to close in the second quarter of 2017 for a closing value of $15.6 billion in an all stock deal. Under the terms of the Agreement, each share of Equity One common stock will be converted into 0.45 shares of newly issued shares of Regency common stock.

Expected to close in mid-2017 for a closing value of $3.7 billion. Upon completion of the merger, shareholders of Joy Global will receive $28.30 per share in cash.

Update(s)

October 19, 2016: Joy Global (JOY) said that the company’s shareholders have overwhelmingly approved the proposed $3.7 billion acquisition of the Milwaukee surface and underground mining equipment maker by the U.S. unit of Japan’s Komatsu Ltd.

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. The acquisition is expected to be completed by year-end 2016.

December 21, 2016: Apollo Education Group (APOL), parent company of for-profit school University of Phoenix, accepted terms set by the Department of Education to help finalize its merger with AP VIII Queso Holdings, a Delaware limited partnership. The letter amended terms to lower the amount the federal government will require buyers to post in a letter of credit from 25 percent to 10 percent of Title IV federal student-aid funds and provide escrow accounts for the remaining amount. The deal is expected to close on Feb. 1, but is still subject to approval by the Higher Learning Commission, the accreditor of University of Phoenix and its other institutions.

Expected to close in the first half of 2017 for a closing value of $2.5 billion. Upon completion of the merger, shareholders of EverBank Financial will receive $19.50 per share in cash.

Expected to close during the first quarter of Parker’s fiscal year 2018 for a closing value of $4.3 billion. Upon completion of the merger, shareholders of CLARCOR will receive $83.00 per share in cash.

Update(s)

January 11, 2017: CLARCOR (CLC), announced that it has established a record date of January 19, 2017, and a meeting date of February 23, 2017, for a special meeting of stockholders at which the Company’s stockholders will consider and vote upon, among other things, a proposal to adopt the previously announced Agreement and Plan of Merger, dated December 1, 2016 by and among the Company and Parker-Hannifin Corporation.

Expected to close at the end of the third quarter of 2017 for a closing value of $204 million. Upon completion of the merger, shareholders of Derma Sciences will receive $7.00 per share in cash.

Expected to close in the first quarter of 2017 for a closing value of $360 million. Upon completion of the merger, shareholders of Lionbridge Technologies will receive $5.75 per share in cash.

Expected to close before the end of SOMPO’s current fiscal quarter year end, which is March 31, 2017 for a closing value of approximately $6.3 billion. Upon completion of the merger, shareholders of Endurance Specialty Holdings will receive $93.00 per share in cash.

Update(s)

December 6, 2016: Endurance Specialty Holdings (ENH) announced that it has scheduled a special general meeting of its shareholders to seek approval for the acquisition of 100% of the outstanding ordinary shares of Endurance by SOMPO Holdings, Inc. The Endurance special general meeting will be held on Friday, January 27, 2017.

Expected to close in the first half of 2017 for a closing value of $1 billion. Upon completion of the merger, shareholders of Vascular Solutions wil receive $56.00 per share in cash.

Expected to close in the first calendar quarter of 2017 for a closing value of $500 million. Upon completion of the merger, shareholders of Blue Nile will receive $40.75 per share in cash.

Update(s)

December 16, 2016: Pursuant to the terms of the Merger Agreement between Blue Nile (NILE) and Bain Capital Private Equity, the consummation of the Merger is conditioned upon, among other things, clearance by antitrust authorities in Austria. On December 16, 2016, the Austrian Federal Competition Authority and the Austrian Cartel Attorney provided such clearance. The consummation of the Merger remains subject to approval by Blue Nile’s stockholders and the satisfaction or waiver of customary closing conditions set forth in the Merger Agreement.

December 28, 2016: On December 28, 2016, The Board of Directors of Blue Nile (NILE) announced that  stockholders are invited to attend a company stockholder meeting to be held on February 2, 2017 to approve the merger with Bain Capital Private Equity and Bow Street LLC..

Expected to close by the first quarter of 2017 for a closing value of $809 million in a cash plus stock deal. Under the terms of the agreement, upon closing, WCI stockholders would receive $11.75 in cash and a fraction of a share of Lennar Class A common stock with a value of $11.75, based on the volume weighted average price of Lennar’s Class A common stock on the New York Stock Exchange over the 10 trading days preceding the closing of the merger. The receipt of Lennar stock by WCI stockholders as a result of the merger is expected to be tax free. However, Lennar has the option of increasing the cash portion of the merger consideration, including paying the full $23.50 in cash. We are treating this as a cash deal.

Expected to close in the first calendar quarter of 2017 for a closing value of $2.3 billion. Upon completion of the merger, shareholders of LifeLock will receive $24.00 per share in cash.

Update(s)

December 21, 2016: The FTC granted early termination of the waiting period under the HSR Act, effective immediately for the Merger agreement between LifeLock (LOCK) and Symantec Corporation (SYMC).

Expected to close in the first calendar quarter of 2017 for a closing value of $688 million in a cash plus stock deal. Under the terms of the agreement, MACOM intends to commence a tender offer to purchase each outstanding common share of AppliedMicro for approximately $8.36 per share, consisting of $3.25 in cash and 0.1089 MACOM shares per share of AppliedMicro.

Update(s)

December 13, 2016: MACOM Technology Solutions Holdings (MTSI), announced that on December 12, 2016, the Federal Trade Commission granted early termination of the antitrust waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for the proposed merger of MACOM and Applied Micro Circuits Corporation (AMCC). The transaction remains subject to various conditions, including the commencement, and completion, of MACOM’s tender offer to purchase each outstanding common share of AMCC and other customary closing conditions. Both companies continue to expect that the transaction will close in the first calendar quarter of 2017.

Expected to close in the first half of 2017 for a closing value of $800 million. Upon completion of the merger, shareholders of Inteliquent will receive $23.00 per share in cash.

Expected to close in the first quarter of 2017 for a closing value of $6.1 billion. Upon completion of the merger, shareholders of Team Health Holdings will receive $43.50 per share in cash.

Update(s)

December 12, 2016: Team Health Holdings (TMH) announced that under the HSR Act and the rules that have been promulgated thereunder by the FTC, they cannot complete the merger until they have given notification and furnished information to the FTC and the DOJ, and until the applicable waiting period has expired or has been terminated. The stockholders are invited to attend a special meeting of the stockholders of Team Health Holdings to be held at TeamHealth’s office on Wednesday, January 11, 2017.

January 12, 2017: Team Health Holdings (TMH), announced that its stockholders approved the acquisition of TeamHealth by funds affiliated with Blackstone and certain co-investors at its special meeting of stockholders.

Expected to close in the first half of 2017 for a closing value of $3.3 billion in a cash plus stock deal. Under the terms of the agreement, CEB shareholders will receive $54.00 in cash and 0.2284 shares of Gartner common stock for each share of CEB common stock they own.

Expected to close in the first calendar quarter of 2017 for a closing value of $821 million. Upon completion of the merger, shareholders of Intralinks Holdings will receive $13.00 per share in cash.

Update(s)

December 22, 2016: Each of Synchronoss (SNCR) and Intralinks (IL) filed on December 20, 2016 a Premerger Notification and Report Form with the FTC and the Antitrust Division in connection with the purchase of Shares in the Offer. Following the Original HSR Filing, the required waiting period with respect to the Offer was to expire on January 4, 2017. The FTC notified Synchronoss on December 21, 2016 that the Original HSR Filing was deficient due to a corrupted exhibit filed with the Original HSR Filing. On December 21, 2016, Synchronoss filed corrected documentation in order to remedy the deficiency in the Original HSR Filing, which the FTC indicated correct the deficiency on December 21, 2016. As a result, the required waiting period with respect to the Offer will expire on January 5, 2017, unless earlier terminated by the FTC and the Antitrust Division, Synchronoss elects to withdraw and re-submit its Premerger Notification and Report Forms, or the FTC or the Antitrust Division issues a request for additional information and documentary material prior to that time.

Expected to close in the first half of 2017 for a closing value of $4.44 billion. Upon completion of the merger, shareholders of Qunar Cayman Islands Limited will receive $30.39 per share in cash.

Expected to close in the first quarter of 2017 for a closing value of $915 million. Upon completion of the merger, shareholers of Columbia Pipeline Partners will receive $17.00 per share in cash. In addition, until the closing of the merger, unit holders of the Partnership will continue to receive regular quarterly distributions of $0.1975 per unit, and at closing, holders of the Partnership’s common units will be paid a pro-rated distribution for any partial period to the closing date.

The acquisition of Calamos Asset Management in a going private transaction by Mr. John Calamos and Mr. John Koudounis for $8.25 per share in cash.

Expected to close in the first half of 2017 for a closing value of $1.27 billion in an all stock deal. Under terms of the agreement, the owners of the remaining outstanding shares in Alon that Delek US does not currently own will receive a fixed exchange ratio of 0.5040 Delek US shares for each share of Alon.

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 second quarter of 2017 for a closing value of $1.7 billion in a cash or stock deal. Under the terms of the agreement, Eldorado will acquire all of the outstanding shares of Isle of Capri for $23.00 in cash or 1.638 shares of Eldorado common stock. Elections are subject to proration such that the outstanding shares of Isle common stock will be exchanged for aggregate consideration comprised of 58% cash and 42% Eldorado common stock.

Update(s)

December 15, 2016: Eldorado Resorts (ERI) announced that it received approval from the West Virginia Lottery Commission for its pending acquisition of Isle of Capri Casinos (ISLE).

Expected to close in the December quarter of 2016 for a closing value of $765 million for a cash or stock deal. Upon completion of the merger, each AEP shareholder will elect to receive either $110 in cash or 2.5011 shares of Berry common stock per AEP share in the transaction, subject to an overall 50/50 proration to ensure that 50% of the total outstanding AEP shares are exchanged for the cash consideration.

Update(s)

December 7, 2016: Berry, Holdings, Merger Sub, Merger Sub LLC and AEP entered into Amendment No. 1 to the Merger Agreement (“Amendment No. 1”), which, among other things, (i) removed the requirement in the Merger Agreement that Berry make available and mail the form of election to AEP stockholders not less than thirty (30) business days prior to the anticipated election deadline, and required instead that the forms of election be made available and mailed at least twenty (20) business days prior to the anticipated election deadline; (ii) provided for the “unbundling” of the single proposal to approve the Merger Agreement into (A) a proposal to adopt the Merger Agreement pursuant to which AEP stockholders would be entitled to receive in connection with the Mergers, at the stockholder’s election, $110.00 in cash (the “Cash Consideration”) or 2.5011 shares of Berry common stock (the “Stock Consideration” and, together with the Cash Consideration, the “Merger Consideration”) in exchange for each share of AEP common stock, subject to the proration mechanics in the Merger Agreement and (B) a proposal to adopt the Merger Agreement pursuant to which, in certain limited circumstances as specified in the Merger Agreement, Berry may elect, in its sole discretion, to pay $110.00 in cash for each share of AEP common stock, subject to certain conditions; (iii) revised certain mechanics in connection with the calculation of the 2017 performance units and the 2017 MIP; (iv) revised the Merger Agreement to permit AEP to redeem, repurchase, prepay, defease, cancel, incur or otherwise acquire, or modify the terms of, any indebtedness or issue any debt securities or assume, guarantee or endorse, or otherwise become responsible for, the obligations of any person for borrowed money, in the ordinary course of business consistent with past practice in a principal amount not to exceed $65 million in the aggregate; and (v) provided for the extension of the date after which, if the Mergers have not been consummated, either Berry or AEP may terminate the Merger Agreement from February 24, 2017 to March 31, 2017 if the proxy statement has not been mailed to AEP stockholders on or prior to January 20, 2017.

December 15, 2016: AEP Industries (AEPI) announced that a special meeting of the stockholders of AEP Industries will be held on January 18, 2017 to approve the merger agreement with Berry Plastics Group (BERY). We have extended the closing date for this deal to March 31, 2017.

January 10, 2017: Berry Plastics Group (BERY) and AEP Industries (AEPI) announced that the acquisition of AEP by Berry is expected to close on or about January 20, 2017, subject to receipt of stockholder approval at the special meeting of AEP stockholders, scheduled for January 18, 2017.

Expected to close in the first calendar quarter of 2017 for a closing value of $3.8 billion in a cash plus stock deal. Under the terms of the agreement, CIBC will pay US$18.80 in cash and 0.3657 of a CIBC common share for each share of PrivateBancorp common stock.

Update(s)

December 7, 2016: PrivateBancorp (PVTB) postponed a shareholder vote due Thursday on a proposed takeover by Canadian Imperial Bank of Commerce (CM), raising doubts about whether the deal will proceed.

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.

Update(s)

November 29, 2016: On account of the 5 for 1 reverse stock split for WGBS that went into effect at 4:01 PM on November 28, 2016, we have adjusted our rough estimate for this deal to $4.75 from $0.95.

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.

Update(s)

September 2, 2016: The Justice Department said that Nexstar Broadcast Group (NXST) has won U.S. antitrust approval to buy Media General (MEG) on condition that it sell seven television stations.

September 26, 2016: Nexstar Broadcasting Group (NXST) announced that its wholly-owned subsidiary, Nexstar Broadcasting priced a $2.75 billion term loan B facility. The term loan B facility will be issued at a price equal to 99.75% of its face value and will bear interest at a rate of LIBOR plus 3.00%, with a 0.0% LIBOR floor and will have a seven year maturity. The closing of the term loan B facility is subject to customary closing conditions and the closing of the Media General (MEG) acquisition. The pricing of the $2.75 billion term loan B facility combined with the previously issued $900 million senior notes marks the successful completion of the primary financing components needed to complete the acquisition of Media General.

December 22, 2016: Media General (MEG) announced that its subsidiary, LIN Television Corporation has extended its change of control offer to purchase for cash any and all of its outstanding 5.875% Senior Notes due 2022 (CUSIP No. 532776 AZ4) issued by LIN at a purchase price of 101% of the principal amount of the Notes plus accrued and unpaid interest, if any. The Change of Control Offer, which was scheduled to expire on December 21, 2016, has been extended to on December 30, 2016, unless extended or terminated pursuant to the terms of the Change of Control Offer. The Change of Control Offer relates to the Agreement and Plan of Merger, dated as of January 27, 2016, by and among Nexstar Broadcasting (NXST).

January 11, 2017: Nexstar Broadcasting Group (NXST) announced that the Federal Communications Commission, has granted the applications and related waiver requests seeking consent to transfer control of licenses held by subsidiaries of Media General (MEG) from the shareholders of Media General to Nexstar. We have extended the closing date for this deal to January 31, 2017.

Expectes to close in the first quarter of 2015 in an all stock deal. Under the terms of the agreement, each outstanding share of Caesars Acquisition class A common stock will be exchanged for 0.664 share of Caesars Entertainment common stock.

Update(s)

July 11, 2016: Caesars Entertainment (CZR) and Caesars Acquisition (CACQ) amended their proposed merger agreement, which is intertwined with the $18 billion bankruptcy of the casino company’s main operating unit. Under the amended terms, Caesars Acquisition shareholders will receive 27 percent of the merged entity. Under the original proposal, they would have received 38 percent, according to regulatory filings. A confirmation hearing for CEOC’s Plan of Reorganization has been set for January 17, 2017.

January 16, 2017: We have extended the closing date for this deal to March 31, 2017.