Expected to close by early 2018 for a closing value of $4.75 billion. Upon completion of the merger, shareholders of Akorn will receive $34.00 per share in cash.

Update(s)

July 19, 2017: Akorn (AKRX) announced that its shareholders, at a special meeting, have overwhelmingly voted to approve the previously announced merger agreement providing for the acquisition of Akorn by Fresenius Kabi.

February 27, 2018: According to Reuters, German healthcare group Fresenius SE has raised doubts about its planned acquisition of Akorn (AKRX) because of a probe into data integrity at the U.S. maker of liquid generic drugs.

March 31, 2018: In Akorn’s (AKRX) 10K filed on February 28, 2018, it is mentioned that the merger may not be completed in a timely manner or at all. Since the deal did not close as scheduled on March 31, 2018, we have extended the closing date for this deal to April 30, 2018.

April 22, 2018: According to Bloomberg, Fresenius SE said it’s terminating the acquisition of Akorn (AKRX) after finding what it calls data-integrity issues at the U.S.-based generic-drug company.

April 23, 2018: Akorn (AKRX) filed a complaint in Delaware Chancery Court asking that Fresenius Kabi AG be required to fulfill its obligations under the definitive merger agreement.

May 1, 2018: Since the merger has not been completed, we have further extended the closing date for this deal to June 30, 2018.

May 18, 2018: Fresenius SE’s chief executive defended the company’s decision to pull out of a planned $4.8 billion takeover of Akorn (AKRX), saying it was the only option after uncovering data integrity breaches at the U.S drugmaker.

July 2, 2018: Since the merger has not been completed, we have further extended the closing date for this deal to July 31, 2018.

August 1, 2018: Akorn (AKRX) expects to receive the Court’s ruling after the post-trial hearing, which is scheduled for August 23, 2018. Following expedited discovery, from July 9 to 13, 2018, the Court of Chancery held a trial on the parties’ claims (collectively, the “Delaware Action”). At the conclusion of trial, the Court of Chancery ordered post-trial briefing, which is scheduled to be completed on August 20, 2018. We have extended the closing date for this deal to September 30, 2018.

Expected to close in 2018 for a closing value of $14.6 billion in an all stock deal. Under the terms of the agreement, SCANA shareholders would receive 0.6690 shares of Dominion Energy common stock for each share of SCANA common stock.

Update(s)

February 1, 2018: Dominion Energy (D), and SCANA Corporation (SCG) announced that their proposed combination has cleared a key condition needed for completion. The Federal Trade Commission has granted early termination of the 30-day waiting period under the federal Hart-Scott-Rodino Antitrust Improvements Act with regard to the combination.

March 21, 2018: The Georgia Public Service Commission unanimously approved the merger of Dominion Energy (D), and SCANA Corporation (SCG).

April 19, 2018: According to Bloomberg, Dominion Energy’s (D) takeover of Scana (SCG) is looking even less likely to happen, or less likely on the current terms, after a bill passed by South Carolina legislators late Wednesday. The state Senate voted to cut the money Scana can collect from customers for a half-finished nuclear power project the company scrapped last year.

July 13, 2018: The proposed merger of Dominion Energy (D) and SCANA Corporation (SCG) achieved another significant milestone with the approval of the Federal Energy Regulatory Commission (FERC).

July 31, 2018: The proposed combination of Dominion Energy (D) and SCANA Corporation (SCG) achieved another significant milestone with the approval of SCANA’s shareholders.

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.

January 25, 2017: Genworth Financial (GNW) announced that it has filed a definitive proxy statement with the U.S. Securities and Exchange Commission and will commence mailing to stockholders of record the definitive proxy materials in connection with the previously announced transaction with China Oceanwide Holdings Group. The special meeting of Genworth stockholders will be held on Tuesday, March 7, 2017.

March 7, 2017: Genworth Financial (GNW) announced that at its stockholders adopted the previously announced merger agreement with China Oceanwide Holdings Group.

April 29, 2017: China Oceanwide Holdings Group said that it had refiled its application for U.S. approval of its $2.7 billion acquisition of life insurance company Genworth Financial (GNW), in a bid to add more time to the regulatory review.

July 13, 2017: Genworth Financial (GNW) and China Oceanwide Holdings Group reported that they have withdrawn and re-filed their joint voluntary notice with the Committee on Foreign Investment in the United States (CFIUS) a second time to provide CFIUS more time to review and discuss the proposed transaction between Genworth and Oceanwide.

August 2, 2017: Genworth (GNW) and Oceanwide continue to work diligently to satisfy the closing conditions under their previously announced proposed transaction and are committed to closing the transaction as soon as possible. In addition to clearance by CFIUS, the closing of the proposed transaction remains subject to the receipt of required regulatory approvals in the U.S., China, and other international jurisdictions and other closing conditions. Because the timing of the regulatory reviews will delay the completion of the transaction beyond the originally targeted time frame of the middle of 2017, Genworth and Oceanwide have agreed in principle to extend the August 31, 2017, deadline set forth in the merger agreement to November 30, 2017.

September 19, 2017: China’s Oceanwide Holdings is aiming to close its $2.7 billion acquisition of U.S. insurer Genworth Financial (GNW) by end of this year after securing approval from a U.S. government panel, said an executive of the Chinese firm.

October 2, 2017: A.M. Best commented that the Long-Term Issuer Credit Ratings of “bb-” of Genworth Financial (GNW) and Genworth Holdings as well as their existing Long-Term Issue Credit Ratings will remain under review with negative implications following the announcement that Genworth and China Oceanwide Holdings Group  have withdrawn their joint voluntary notice with the Committee on Foreign Investment in the United States (CFIUS).

October 4, 2017: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that the North Carolina Department of Insurance has approved the proposed acquisition of control by Oceanwide of Genworth’s North Carolina-domiciled insurance companies, including Genworth Mortgage Insurance Corporation, as contemplated under the merger agreement entered into by Genworth and Oceanwide.

October 9, 2017: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that the South Carolina Department of Insurance has approved the proposed acquisition of control by Oceanwide of Genworth’s South Carolina-domiciled special purpose financial captive insurance subsidiary, Rivermont Life Insurance Company I, as contemplated under the merger agreement.

November 29, 2017: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that they have agreed to a second waiver and agreement of each party’s right to terminate the previously announced merger agreement. The second waiver and agreement extends the previous deadline of Nov. 30, 2017, to April 1, 2018, and allows additional time for regulatory reviews of the transaction.

January 4, 2018: Genworth Financial (GNW) and China Oceanwide Holdings Group issued an update on the status of their efforts to obtain clearance of their proposed transaction from CFIUS. There can be no assurances that CFIUS will ultimately agree to clear a transaction between Genworth and Oceanwide on terms acceptable to the parties or at all. In addition to clearance by CFIUS, the closing of the proposed transaction remains subject to the receipt of state-level regulatory approvals that are pending in Delaware and New York, as well as regulatory reviews in China and other international jurisdictions and other closing conditions.

February 6, 2018: Genworth Financial (GNW) said that its application for assent to a takeover by China Oceanwide Holdings Group had been refiled, after agreeing changes the duo hope will alleviate U.S. regulatory concerns.

March 27, 2018: Genworth Financial (GNW) and China Oceanwide Holdings Group announced they have agreed to a fourth waiver and agreement of each party’s right to terminate the previously announced merger agreement. The fourth waiver and agreement extends the previous deadline of April 1, 2018 to July 1, 2018, and allows additional time for regulatory reviews of the transaction.

April 24, 2018: Genworth Financial (GNW) and China Oceanwide Holdings Group reported that they have withdrawn and re-filed their joint voluntary notice with the Committee on Foreign Investment in the United States (CFIUS) to provide CFIUS additional time to review and discuss the proposed transaction between Genworth and Oceanwide.

June 9, 2018: China Oceanwide Holdings Group and Genworth Financial (GNW) announced that the Committee on Foreign Investment in the United States (CFIUS) has completed its review of their proposed transaction and concluded that there are no unresolved national security concerns with respect to the proposed transaction. The closing of the transaction remains subject to other conditions, including the receipt of required regulatory approvals in the U.S., China and other international jurisdictions.

June 28, 2018: Genworth Financial (GNW) and China Oceanwide Holdings Group announced they have agreed to a fifth waiver and agreement of each party’s right to terminate the previously announced merger agreement. The fifth waiver and agreement extends the previous deadline of July 1, 2018 to August 15, 2018 to allow additional time for continued regulatory review of the transaction.

August 14, 2018: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that they have agreed to a sixth waiver and agreement of each party’s right to terminate the previously announced merger agreement. The sixth waiver and agreement extends the previous deadline of August 15, 2018 to December 1, 2018 to allow additional time to complete the regulatory review process.

Expected to close in the first or second quarter of 2019 for a closing value of $1.2 billion in a cash plus stock deal. Under the terms of the agreement, Stewart shareholders will receive $25.00 in cash and 0.6425 common shares of Fidelity for each share of Stewart common stock they hold at closing.

Update(s)

August 21, 2018: Fidelity National Financial (FNF) announced that FNF received a “no-action letter” from the Canadian Competition Bureau, indicating that the Bureau does not intend to oppose completion of the previously announced acquisition of Stewart Information Services Corporation (STC).

Expected to close in the first half of 2019 for a closing value of $77.78 billion. Under the terms of the acquisition, Shire shareholders will be entitled to receive, for each Shire share, $30.33 in cash and either 0.839 new Takeda shares or 1.678 Takeda ADSs. We have used $20.61 as the price for the Takeda ADS and multiplied it by 1.678 for the stock portion of the deal.

Update(s)

July 10, 2018: Takeda Pharmaceutical said it has received U.S. approval for its acquisition of London-listed Shire (SHPG). The drugmaker expects the deal to close in the first half of 2019.

Expected to close in the first half of 2019 for a closing value of $59 billion in an all stock deal. Under the terms of the agreement, Sprint shareholders will receive 0.10256 T-Mobile shares for each Sprint share or the equivalent of 9.75 Sprint shares for each T-Mobile US share.

Update(s)

May 23, 2018: A U.S. Senate committee plans to hold a hearing on June 27 on the proposed  merger of T-Mobile US (TMUS) and Sprint (S). T-Mobile and Sprint said they expected to complete their deal no later than the first half of 2019.

June 7, 2018: According to Reuters, the U.S. Department of Justice is examining how the proposed merger between T-Mobile (TMUS) and Sprint (S) could affect prices for smaller wireless operators.

June 15, 2018: According to Reuters, Sprint (S) and T-Mobile (TMUS) have informed the Federal Communications Commission that they will formally file an application asking for approval to merge on Monday, June 18, 2018.

August 6, 2018: According to Reuters, U.S. antitrust enforcers are in the early stages of reviewing T-Mobile US’s (TMUS) plan to buy Sprint (S), and have reached no conclusions on how many wireless carriers the country needs.

Expected to close by the end of 2018 for a closing value of $100.94 million. Upon completion of the merger, shareholders of Radisys Corporation will receive $1.72 per share in cash.

Expected to close in the third quarter of 2018 for a closing value of $1.5 billion. Under the terms of the agreement, IK Healthcare Investment Limited will acquire the Company for a cash consideration of US$41.20 per Class A common share or Class C common share of the Company or US$20.60 per American depositary share of the Company, each representing ½ of a Class A Share.

August 15, 2018:

iKang Healthcare Group, Inc. (KANG) announced that, as of the close of business (New York time) on August 14, 2018, it has received notices of objection from shareholders who hold Class A common shares representing, collectively, approximately 18.33% of the total issued and outstanding shares of the Company.

The company also received objection notices from holders of the company’s American Depositary Shares (“ADSs”), representing approximately 32.37% of the total issued and outstanding shares of the company.

Under Section 7.02(e) of the Merger Agreement, the obligations of parent and merger sub to consummate the Merger and the other transactions contemplated by the Merger Agreement are subject to the condition that the holders of no more than 15% of the total issued and outstanding shares of the Company have validly served objection notices.  Based on the objection notices received by the company as of the close of business (New York time) on August 14, 2018, this condition is no longer satisfied. The company intends to request that this condition of the merger agreement be waived.

Expected to close early in the third quarter of 2018 for a closing value of $36.76 billion. Under the terms of the agreement, GGP shareholders will be entitled to elect to receive, for each GGP common share, either $23.50 in cash or either one BPY unit or one BPR share.  Elections are subject to proration which will be based on aggregate consideration in the transaction of (1) a fixed amount of $9.25 billion in cash and (2) approximately 254 million BPY units / BPR shares, which represents aggregate consideration of approximately 61% cash and approximately 39% of BPY or BPR equity.

Update(s)

June 7, 2018: Brookfield Property Partners (BPY) announced that in connection with BPY’s previously announced agreement to acquire GGP (GGP), Brookfield Asset Management, has provided the Toronto Stock Exchange with written consent confirming that it is in favor of the Transaction.

July 26, 2018: GGP Inc. (GGP) announced that its common stockholders approved the proposed acquisition of GGP by Brookfield Property Partners (BPY). GGP and BPY expect that the transactions contemplated by the Merger Agreement will be completed by the end of August of this year.

July 27, 2018: Brookfield Property Partners (BPY) and GGP (GGP) announced the deadline for GGP common stockholders to make their elections is on August 21, 2018. GGP common stockholders can elect to receive for their shares cash and/or equity, and can further elect to receive equity in the form of BPR class A stock or BPY units.

Expected to close in the first quarter of calendar year 2019 for a closing value of $6.03 billion in an all stock deal. Under the terms of the agreement, Bemis shareholders will receive 5.1 New Amcor NYSE shares for each Bemis share held. The combination will be effected through a merger of Amcor and Bemis into a newly created holding company (‘New Amcor’) incorporated in Jersey. It is intended that New Amcor will be tax resident in the UK after closing. New Amcor will have a primary listing on the NYSE and a listing on the ASX. Amcor and Bemis shareholders will receive shares in New Amcor in a tax-free exchange.

Expected to close by December 31, 2018 for a closing value of $67 billion in a cash plus stock deal. Under the terms of the definitive agreement, the transaction consideration will consist of $48.75 in cash and 0.2434 shares of stock of the combined company per Express Scripts share.

Update(s)

August 1, 2018: According to The Wall Street Journal, Carl Icahn has built a sizable stake in Cigna (CI) and plans to vote against the health insurer’s purchase of Express Scripts Holding (ESRX) the latest sign of trouble for the planned tie-up.

August 6, 2018: According to The Wall Street Journal, Carl Icahn is going public with his campaign to scuttle Cigna’s (CI) plan to buy Express Scripts Holding (ESRX).

August 9, 2018: Hedge fund Glenview Capital Management backed Cigna’s (CI) deal to buy Express Scripts (ESRX) in the face of stiff opposition from activist investor Carl Icahn ahead of a shareholder vote.

August 13, 2018: According to The Wall Street Journal, Carl Icahn no longer plans to solicit votes from Cigna (CI) shareholders against the health insurer’s deal to buy Express Scripts Holding (ESRX) after two proxy-advisory firms recommended shareholders support the deal.

August 16, 2018: Express Scripts (ESRX) reminded its stockholders to vote “FOR” Express Scripts’ merger agreement with Cigna (CI) at the Express Scripts’ upcoming Special Meeting of Stockholders.

August 24, 2018: Stockholders of Express Scripts Holding Company (ESRX) approved the proposed acquisition of Express Scripts by Cigna (CI).

Expected to close by the end of the second or third quarter for a closing value of $1.19 billion. Upon completion of the merger, shareholders of eHi Car Services Limited will receive $13.50 per share in cash.

Expected to close in 2018 for a closing value of $1.62 billion. Upon completion of the merger, shareholders of Nxstage Medical will receive $30.00 per share in cash.

Update(s)

October 27, 2017: NxStage Medical (NXTM) announced that at a special meeting of stockholders, the Company’s stockholders voted to adopt the previously announced Agreement and Plan of Merger with Fresenius Medical Care Holdings. In addition, the merger has cleared antitrust review in Germany. The Merger Agreement may be terminated by the company or Fresenius if it is not closed by August 7, 2018, although Fresenius may extend the End Date for up to 180 days under certain circumstances in order to obtain required antitrust clearances.

Expected to close by the end of the calendar year 2018 for a closing value of $3.2 billion in a cash plus stock deal. Under the terms of the agreement, Orbotech shareholders will receive $38.86 in cash and 0.25 of a share of KLA-Tencor common stock in exchange for each ordinary share of Orbotech.

Expected to close in the second half of 2018 for a closing value of $77 billion in a cash plus stock deal. Under the terms of the merger agreement, each outstanding share of Aetna common stock will be exchanged for $145.00 in cash and 0.8378 shares of CVS Health common stock.

Update(s)

December 8, 2017: CVS Health (CVS) expects the U.S. Justice Department to do the antitrust review of its planned acquisition of health insurer Aetna (AET).

January 12, 2018: CVS Health (CVS) said that it plans to keep Aetna’s (AET) headquarters in Connecticut after it completes its $69 billion acquisition of the U.S. health insurer.

February 1, 2018: CVS Health (CVS) and Aetna (AET) confirmed that each company has received a so-called “second request” for additional information from the U.S. Department of Justice “in connection with the DOJ’s review of the transactions contemplated by the Merger Agreement.”

March 7, 2018: According to The Wall Street Journal, CVS Health (CVS) sold $40 billion of bonds on Tuesday to help pay for its acquisition of health insurer Aetna (AET) months before it needs the money, seeking to get ahead of an expected rise in interest rates and a flood of borrowing across the economy.

March 13, 2018: CVS Health Corporation (CVS) stockholders voted to approve the shares of company stock to be issued in the company’s acquisition of Aetna (AET). According to the preliminary results announced at the meeting, more than 98 percent of the shares voted were in favor of the proposal. The merger is expected to close in the second half of 2018, subject to required regulatory approvals.

July 12, 2018: According to Bloomberg, shares of CVS Health (CVS) and Aetna (AET) spiked Thursday after a report by Reorg Research that U.S. antitrust enforcers might not move to block the health-care companies’ deal.

August 8, 2018: The American Medical Association, which represents U.S. physicians, urged the U.S. Justice Department to stop CVS Health Corp’s (CVS) plan to buy insurance provider Aetna (AET), saying the deal could result in higher prices for prescription medicines.

Expected to close in the fourth quarter of 2018 for a closing value of $93.5 million in an all stock deal. Under the terms of the Poage merger agreement, Poage shareholders will receive 0.335 shares of City common stock for each outstanding share of Poage common stock.

Expected to close in the second half of 2018 for a closing value of $1.8 billion. Under the terms of the agreement, for each share of Oclaro stock held, Oclaro stockholders will be entitled to receive $5.60 in cash and 0.0636 of a share of Lumentum common stock.

Update(s)

April 4, 2018: The U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, as amended, with respect to the proposed acquisition of Oclaro (OCLR) by Lumentum Holdings (LITE). The transactions contemplated by the Merger Agreement remain subject to approval by Oclaro’s stockholders, antitrust regulatory approval in China and other customary closing conditions.

July 10, 2018: Oclaro (OCLR) announced that, based on the vote tally from Oclaro’s Special Meeting of Stockholders, Oclaro’s stockholders approved the merger agreement under which Lumentum Holdings (LITE). The parties continue to expect the transaction to close in the second half of 2018.

Expected to close in the second half of 2018 for a closing value of $5.3 billion. Upon completion of the merger, shareholders of Avista will receive $53 per share in cash.

Update(s)

September 14, 2017: Hydro One Limited and Avista Corporation (AVA) filed applications requesting regulatory approval of the proposed merger of the two companies. The applications have been filed with state utility commissions in Washington, Idaho, Oregon, Montana, and Alaska, as well as with the Federal Energy Regulatory Commission (FERC), requesting approval of the transaction on or before August 14, 2018.

November 21, 2017: Avista (AVA) shareholders approved the acquisition by Hydro One Limited.

January 17, 2018: Hydro One Limited and Avista Corporation (AVA) received approval from the Federal Energy Regulatory Commission (FERC) on their merger application.

March 16, 2018: Hydro One Limited and Avista Corporation (AVA) reached a significant milestone in the regulatory approval process of the proposed merger. Notification of a settlement in principle with various parties has been filed with the Washington Utilities and Transportation Commission. The parties intend to file a settlement agreement with the WUTC on or before March 27, 2018. The settlement in principle is subject to the review and approval of the WUTC.

March 27, 2018: Hydro One Limited and Avista Corporation (AVA) announced the achievement of an important milestone in the regulatory approval process of their proposed merger. The companies have filed an all-parties, all-issues settlement agreement in the merger proceeding before the Washington Utilities and Transportation Commission.

April 3, 2018: Avista Corporation (AVA) and Hydro One Limited filed a settlement agreement in the merger proceeding before the Regulatory Commission of Alaska (RCA) recommending approval of the acquisition of the Company by Hydro One and on April 6, 2018, Hydro One Limited and Avista Corporation announced that the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, for the merger of the two companies expired on April 6, 2018.

April 13, 2018: Hydro One Limited and Avista Corporation (AVA) announced the achievement of an important milestone in the regulatory approval process of their proposed merger. The companies have filed an all-parties settlement agreement in the merger proceeding before the Idaho Public Utilities Commission. This represents a full settlement which all parties have agreed is consistent with the public interest.

May 21, 2018: Hydro One Limited and Avista Corporation (AVA) announced that the Committee on Foreign Investment in the United States (“CFIUS”) has completed its review of the proposed merger, and has concluded that there are no unresolved national security concerns with respect to the transaction.

June 4, 2018: Avista Corporation (AVA) and Hydro One Limited received approval from the Regulatory Commission of Alaska (RCA) on the proposed merger.

June 12, 2018: Hydro One Limited and Avista Corporation (AVA) announced that the Montana Public Service Commission has voted to approve the proposed merger, with conditions.

July 13, 2018: According to Bloomberg, a shuffle among the top brass of Hydro One poses a threat to the timely completion of its acquisition of U.S. power supplier Avista (AVA).

July 19, 2018: The Idaho Public Utilities Commission postponed the date for the technical hearing of Hydro One Limited and Avista Corporation (AVA) that was previously scheduled for July 23, 2018. A new date has not yet been scheduled.

July 20, 2018: Hydro One Limited and Avista Corporation (AVA) received notice from the Washington Utilities and Transportation Commission that it has extended the deadline for a decision on the proposed merger between Hydro One and Avista by four months to December 14, 2018.

Expected to close in the third quarter of 2018 for a closing value of $30 billion in a cash and stock deal. Under the terms of the agreement, each Rockwell Collins shareowner will receive $93.33 per share in cash and $46.67 in shares of UTC common stock, subject to a 7.5 percent collar centered on UTC’s August 22, 2017 closing share price of $115.69. We are treating this as a special conditions deal.

Update(s)

January 11, 2018: Rockwell Collins (COL) announced that its shareowners overwhelmingly approved the proposed acquisition of Rockwell Collins by United Technologies (UTX). The proposed transaction is expected to close by the third quarter of 2018.

March 19, 2018: According to The Wall Street Journal, Boeing (BA) dropped an opposition to plans for two of its largest suppliers, Rockwell Collins (COL) and United Technologies (UAL) to merge, reflecting pressure on the aerospace industry to deliver its record backlog of jetliners.

May 4, 2018: U.S. aerospace and industrial company United Technologies (UTX) secured conditional EU approval for its $23 billion bid for avionics maker Rockwell Collins (COL).

Expected to close by September 30, 2018 for a closing value of $4.9 billion. Upon completion of the merger, shareholders of KapStone Paper and Packaging Corporation will receive $35 per share in cash. KapStone stockholders will have the option to receive $35 per share in cash, or to elect to receive 0.4981 WestRock shares per KapStone share, with elections of stock consideration capped at 25% of the outstanding KapStone shares but no limit on the number of KapStone shares that can receive cash consideration. We are treating this as an all cash deal.

Update(s)

April 13, 2018: WestRock Company (WRK) and KapStone Paper and Packaging Corporation (KS) received requests for additional information and documentary materials from the U.S. Department of Justice in connection with the pending acquisition of KapStone by WestRock.

Expected to close in the second half of 2018 for a closing value of $251.95 million. Upon completion of the merger, shareholders of Coastway Bancorp will receive $28.25 per share in cash.

Expected to close in early 2019 for a closing vlaue of $7 billion. Upon completion of the merger, shareholders of USG Corporation will receive $44 per share in cash.

Update(s)

August 9, 2018: USG Corporation (USG) announced that it will hold a special meeting of stockholders on September 26, 2018.

Expected to close in the first quarter of 2018 for a closing value of $2.9 billion in an all stock deal. Under the terms of the agreement, FCB shareholders will receive a fixed ratio of 1.055 shares of Synovus common stock for each common share of FCB.

Expected to close by the end of 2018 for a closing value of $1.365 billion. Upon completion of the mergers, shareholders of Rent-A-Center will receive $15 per share in cash.

Expected to close in the fourth quarter of 2018 or early in the first quarter of 2019 for a closing value of $77 million in a cash plus stock deal. Under terms of the Agreement, each share of Anchor common stock will receive fixed consideration consisting of 0.2921 shares of FS Bancorp common stock and $12.40 per share in cash.

Expected to close in six months for a closing value of $6.9 billion. Upon completion of the merger, shareholders of The Dun & Bradstreet will receive $145 per share in cash.

Expected to close in the second quarter of 2018 for a closing value of $10.19 million. Upon completion of the merger, shareholders of RMG Networks Holdings will receive $1.27 per share in cash.

Update(s)

May 10, 2018: According to the Quarterly Report filed on May 10, 2018, the company expects the deal to close in the third quarter of 2018.

Expected to close by the end of the year 2018 for a closing value of $1.06 billion in an all stock deal. Under the terms of the agreement, Connecticut Water shareholders will receive 1.1375 shares of SJW Group common stock for each share of Connecticut Water common stock they own.

Update(s)

April 19, 2018: Connecticut Water Service (CTWS) said it had rejected a $748 million takeover bid by Eversource Energy (ES), aimed at disrupting its merger with SJW Group (SJW) agreed in March.

April 30, 2018: SJW Group (SJW) and Connecticut Water Service (CTWS) announced that the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to the companies’ merger of equals.

May 31, 2018: Connecticut Water Service (CTWS) announced that it and SJW Group (SJW) have amended the terms of the companies’ merger agreement. The amended agreement, which was unanimously approved by the Connecticut Water Board of Directors, includes a new go-shop provision, pursuant to which Connecticut Water, with the assistance of its financial advisors, will actively solicit proposals for an alternative merger, acquisition or other strategic transaction involving Connecticut Water.

June 11, 2018: According to Reuters, California’s utilities regulator has told SJW Group (SJW) it must seek approval for its proposed merger with Connecticut Water Service (CTWS).

June 18, 2018: Connecticut Water Service (CTWS) announced that the deadline to submit non-binding indicative proposals under the Company’s previously announced “go-shop” process has expired and that no proposals or indications of interest were received.

July 13, 2018: Connecticut Water Service (CTWS) announced that it recently received a revised acquisition proposal from Eversource Energy (ES) to acquire all of the outstanding shares of Connecticut Water common stock for $64.00 per share in cash. The Connecticut Water Service Board of Directors concluded that it is not a superior proposal as compared to the terms, value and benefits of the SJW Group (SJW) merger of equals. SJW Group also issued a statement to clarify the anticipated regulatory timeline to complete its merger with Connecticut Water Service.

July 20, 2018: SJW Group (SJW) and Connecticut Water Service (CTWS) announced that on Wednesday, July 18, 2018 they submitted a new application for the approval of their merger of equals, with the Connecticut Public Utilities Regulatory Authority.

August 6, 2018: SJW Group (SJW) and Connecticut Water Service (CTWS) announced that they have amended the terms of their previously announced merger agreement from a stock-for-stock transaction to an all-cash acquisition of all outstanding common shares of Connecticut Water by SJW Group for $70.00 per Connecticut Water common share.

August 8, 2018: SJW Group (SJW) announced that members of the Moss family, stockholders who in aggregate own more than 31% of the company’s outstanding shares, have expressed support for the combination with Connecticut Water Service (CTWS) under the revised terms.

Expected to close on or before December 1, 2018 for a closing value of $3.39 billion. Upon completion of the merger, shareholders of AmTrust Financial Services will receive $13.50 per share in cash.

Update(s)

June 4, 2018: AmTrust Financial Services (AFSI) announced that it intends to adjourn to June 21, 2018, the Special Meeting to be held to approve the adoption of the merger agreement between the Company and Evergreen Parent.

June 6, 2018: AmTrust Financial Services (AFSI) announced that it has entered into an amendment to the merger agreement with Evergreen Parent.  Under the terms of the amended agreement, Evergreen will acquire the approximately 45% of the Company’s shares of common stock that the Karfunkel-Zyskind Family and certain of its affiliates and related parties do not already own or control for $14.75 per share in cash. This represents an increase of $1.25 per share, or 9.3%, in cash consideration to AmTrust public stockholders.

June 21, 2018: AmTrust Financial Services (AFSI) announced that AmTrust stockholders have approved the proposed amended merger transaction in which Evergreen will acquire the approximately 45% of the Company’s issued and outstanding common shares that the Karfunkel-Zyskind Family and certain of its affiliates and related parties do not presently own or control.

Expected to close in the fourth quarter of 2018 for a closing value of $9.9 billion. Upon completion of the merger, shareholders of Envision Healthcare will receive $46.00 per share in cash.

Expected to close in the fourth quarter of 2018 for a closing value of $274 million. Upon completion of the merger, shareholders of RLJ Entertainment will receive $6.25 per share in cash.

Expected to close in the fourth quarter of 2018 for a closing vlaue of $9.2 billion in an all stock deal. Under the terms of the agreement, shareholders of Energen will receive 0.6442 shares of Diamondback common stock in exchange for each share of Energen common stock.

Expected to close in the fourth quarter of 2018 for a closing value of $18.4 billion. Upon completion of the merger, shareholders of CA will receive $44.50 per share in cash.

Update(s)

August 24, 2018: Broadcom (AVGO) said that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has expired with respect to the proposed acquisition of CA Technologies (CA).

Expected to close near the end of calendar year 2018 for a closing value of $1.6 billion in a cash plus stock deal. Under the terms of the agreement, KMG shareholders will be entitled to receive, per KMG share, $55.65 in cash and 0.2000 of a share of Cabot Microelectronics common stock.

Expected to close in January 2019 for a closing value of $3.2 billion. Upon completion of the merger, shareholders of SodaStream International will receive $144 per share in cash.

Expected to close in the fourth quarter of 2018 for a closing value of $11.4 billion. Upon completion of the merger, shareholders of Forest City Realty Trust will receive $25.35 per share in cash.

Expected to close over the course of the next several months for a closing value of $5.6 billion. Upon completion of the merger, shareholders of LifePoint Health will receive $65 per share in cash.

Expected to close in the first half of 2018 for a closing value of $142 milion. Upon completion of the merger, shareholders of magicJack will receive $8.71 per share in cash.

Update(s)

March 19, 2018: magicJack VocalTec (CALL) announced that at an extraordinary general meeting of magicJack shareholders, the shareholders approved the Agreement and Plan of Merger by B. Riley Financial (RILY).

June 28, 2018: magicJack VocalTec (CALL) announced that it has received from the Israel Tax Authority (“ITA”) the “Withholding Tax Ruling” contemplated by the merger agreement among magicJack, B. Riley Financial and B. R. Acquisition. magicJack is filing with the Securities and Exchange Commission a Form 8-K providing an overview of the requirements imposed by the ITA. The closing of the merger transaction is subject to the receipt of certain regulatory approvals. We have extended the closing date for this deal to September 30, 2018.

Expected to close in the second half of 2018 for a closing value of $15.3 billion. Upon completion of the merger, shareholders of XL Group will receive $57.60 per share in cash.

Update(s)

June 6, 2018: XL Group (XL) announced that its common shareholders have approved an agreement for AXA to acquire 100% of XL Group.

Expected to close in the second half of 2018 for a closing value of $35.6 billion in a cash or stock deal. Under the terms of the agreement, ANDV shareholders will have the option to choose 1.87 shares of MPC stock, or $152.27 in cash subject to a proration mechanism that will result in 15 percent of ANDV’s fully diluted shares receiving cash consideration.

Update(s)

June 6, 2018: Marathon Petroleum Corporation (MPC) and Andeavor (ANDV) completed the submission of their pre-merger notification filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and also submitted applications for approval of the merger to the Competition Bureau of Canada. The parties continue to expect the transaction to close in the second half of 2018, subject to customary closing conditions including regulatory and shareholder approvals.

July 3, 2018: Marathon Petroleum (MPC) and Andeavor (ANDV) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired in connection with the proposed transaction whereby MPC would acquire all of Andeavor’s outstanding shares. The parties have also received the necessary regulatory clearance by the Canadian Commissioner of Competition pursuant to the Competition Act (Canada).

Expected to close in the third quarter of 2018 for a closing value of $45 million. Upon completion of the merger, shareholders of Echelon Corporation will receive $8.50 per share in cash.

Expected to close in the fourth quarter of 2018 for a closing value of $544 million in an all stock deal. Under the terms of the agreement First Connecticut Bancorp shareholders will receive 1.725 shares of People’s United Financial stock for each First Connecticut Bancorp share.

Expected to close in the second half of 2018 for a closing value of $3.57 billion. Upon completion of the merger, shareholders of Syntel will receive $41.00 per share in cash.

Expected to close in the fourth quarter of 2018 for a closing value of $2.9 billion. Upon completion of the merger, shareholders of Supervalu will receive $32.50 per share in cash.

Expected to close in the third quarter of 2018 for a closing value of $322 million. Upon completion of the merger, shareholders of Energy XXI Gulf Coast will receive $9.10 per share in cash.

Expected to close in the first quarter of 2019 for a closing value of $1.5 billion in a cash plus stock deal. Under the terms of the agreement, stockholders of Beneficial will receive 0.3013 shares of WSFS common stock and $2.93 in cash for each share of Beneficial common stock.

Expected to close in the second half of 2018 for a closing value of $1.27 billion. Upon completion of the merger, shareholders of Xerium Technologies will receive $13.50 per share in cash.

Expected to close in the first half of 2019 for a closing value of $2.1 billion. Upon completion of the merger, shareholders of The Navigators Group will receive $70.00 per share in cash.

Expected to close in the first quarter of 2019 for a closing value of $8.12 billion. Upon completion of the merger, shareholders of Vectren Corporation will receive $72.00 per share in cash.

Expected to close by the end of 2018 for a closing value of $2.8 billion in a cash plus stock deal. Under the terms of the agreement, Convergys shareholders will receive $13.25 per share in cash and 0.1193 shares of SYNNEX common stock for each Convergys common share they own, subject to a collar as described in the agreement. The collar mentioned in the agreement states that, (i) if the Parent Closing Price is less than 85% of the Base Parent Trading Price, which is $111.0766, the Base Exchange Ratio will be 0.1263 (ii) if the Parent Closing Price is greater than 115% of the Base Parent Trading Price, the Base Exchange Ratio will be 0.1141.

Expected to close in the fourth quarter of 2018 for a closing value of $3.3 billion in an all stock deal. Under the terms of the agreement, Enbridge will acquire all of the outstanding public common units of SEP on the basis of 1.111 common shares of Enbridge for each common unit of SEP.

Expected to close in the second half of 2018 for a closing value of $7.6 billion. Upon completion of the merger, shareholders of Gramercy Property Trust will receive $27.50 per share in cash.

Update(s)

August 9, 2018: Gramercy Property Trust (GPT) announced that its shareholders approved the acquisition of Gramercy by affiliates of Blackstone Real Estate Partners at its special meeting of shareholders. The transaction is expected to be completed in either September or the first-half of October of this year.

Expected to close in the third quarter of 2018 for a closing value of $114.4 million in a cash plus stock deal. Under the terms of the agreement, the consideration United shareholders will receive is equivalent to 1.027 shares of Civista common stock and $2.54 in cash per share of United common stock.

Update(s)

July 24, 2018: Civista Bancshares (CIVB) and United Community Bancorp (UCBA) announced that the shareholders of each company approved the proposed merger of United Community into Civista. The merger of United Community into Civista and the merger of United Community Bank into Civista Bank are currently expected to close on September 14, 2018, subject to the satisfaction of other customary closing conditions.

Expected to close in the third or fourth quarter of 2018 for a closing value of $479 million. Upon completion of the merger, shareholders of PHH Corporation will receive $11 per share in cash.

Expected to close in the second half of 2018 for a closing value of $627 million in a cash plus stock deal. Under the terms of the agreement, Xcerra shareholders will be entitled to receive $9.00 in cash and 0.2109 of a share of Cohu common stock, subject to the terms of the definitive agreement.

Update(s)

July 27, 2018: Cohu (COHU), and Xcerra Corporation (XCRA) announced that on July 26, 2018, the Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, or HSR, with respect to Cohu’s previously announced acquisition of Xcerra.

Expected to close in the third quarter of 2018 for a closing value of $7.12 billion in an all stock deal. Under the terms of the agreement, Cheniere Partners Holdings’ shareholders will receive a fixed exchange ratio of 0.4750 Cheniere shares for each outstanding publicly-held share of Cheniere Partners Holdings.

Expected to close in the second half of 2018 for a closing value of $5.85 in a cash plus stock deal. Under the terms of the agreement, Pinnacle shareholders will receive $20.00 in cash and 0.42 shares of Penn National common stock for each Pinnacle share.

Update(s)

March 12, 2018: Penn (PENN) and Pinnacle (PNK) each received a Request for Additional Information and Documentary Materials, often referred to as a “Second Request,” from the FTC in connection with the FTC’s review of the Merger.

March 21, 2018: Penn National Gaming (PENN) announced that at separate meetings, The Pennsylvania Gaming Control Board and the West Virginia Lottery Commission approved the Company’s pending acquisition of Pinnacle Entertainment (PNK). The completion of the proposed transaction is contingent on receipt of additional regulatory approvals, as well as certain other conditions.

March 29, 2018: Stockholders of Pinnacle Entertainment (PNK) approved the acquisition of the Company by Penn National Gaming (PENN) by voting affirmatively to adopt the merger agreement for the transaction.

July 19, 2018: Penn National Gaming (PENN) announced that, at separate meetings yesterday and today, the Company received approvals from the Ohio Casino Control Commission (“OCCC”) and the Louisiana Gaming Control Board (“LGCB”) in connection with the Company’s pending acquisition of Pinnacle Entertainment (PNK).

August 14, 2018: Penn National Gaming (PENN) announced that at separate meetings, the Company received approvals from the Massachusetts Gaming Commission and the Texas Racing Commission in connection with its pending acquisition of Pinnacle Entertainment (PNK).

Expected to close in the fourth quarter of 2018 for a closing value of $61.59 billion in an all stock deal. Under the terms of the transaction, ETP unitholders will receive 1.28 common units of ETE for each common unit of ETP they own.

Expected to close in the fourth quarter of 2018 for a closing value of $977 million in a cash plus stock deal. Under the terms of the agreement, shareholders of CoBiz Financial will receive 0.17 shares of BOK Financial common stock and $5.70 in cash for each share of CoBiz common stock.

Update(s)

August 23, 2018: BOK Financial Corporation (BOKF) announced that all necessary regulatory approvals required to complete the previously announced acquisition of CoBiz Financial (COBZ) have been received. The closing of the transaction is expected to occur in the fourth quarter of 2018, subject to the approval of CoBiz shareholders who will vote at a special meeting of shareholders on September 27, 2018.

Expected to close by the end of calendar 2018 for a closing value of $10.9 billion in a cash plus stock deal. Under the terms of the agreement, each share of Pinnacle Foods common stock will be converted into the right to receive $43.11 per share in cash and 0.6494 shares of Conagra Brands common stock.

Update(s)

August 23, 2018: Conagra Brands (CAG) and Pinnacle Foods (PF) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

Expected to close in the second half od 2018 for a closing value of $4.6 billion. Upon completion of the merger, shareholders of Education Realty Trust will receive $41.50 per share in cash. Under the Merger Agreement, EdR will discontinue its regular quarterly dividends. However, if the transaction is completed after October 15, 2018, EdR stockholders will receive a per diem amount of approximately $0.00435 per share for each day from October 15, 2018 until (but not including) the closing date.

Expected to close in the fourth quarter of 2018 for a closing value of $360.1 million in a cash plus stock deal. Under the terms of the agreement, Charter stockholders will receive 0.738 of a share of CSFL common stock and $2.30 in cash consideration for each outstanding share of Charter common stock.

Expected to close in the first quarter of 2018 for a closing value of $1 billion in an all stock deal. Under the terms of the agreement, shareholders of Green will receive 0.79 shares of Veritex common stock for each share of Green common stock.

Expected to close in the fourth quarter of 2018 for a closing value of $1.6 billion in an all stock deal. Under the terms of the merger agreement, State Bank Financial Corporation  shareholders will receive 1.160 shares of Cadence Bancorporation Class A common stock for each share of State Bank common stock.

Expected to close in the fourth quarter of 2018 for a closing value of $1 billion in an all stock deal. Under the terms of the merger agreement, shareholders of Guaranty Bancorp will receive 0.45 shares of IBTX common stock for each share of GBNK common stock.

Expected to close in the third quarter of 2018 for a closing value of $200 million. Upon completion of the merger, shareholders of Jamba will receive $13.00 per share in cash.

Expected to close in the second half of 2018 for a closing value of $5.44 billion in a cash plus stock deal. Under the terms of the merger agreement, ILG shareholders will receive $14.75 in cash and 0.165 shares of MVW common stock for each ILG share.

Update(s)

July 3, 2018: ILG (ILG) announced that it will hold a special meeting of its stockholders on August 28, 2018, at which ILG stockholders will vote on the previously announced proposed merger of ILG and Marriott Vacations Worldwide Corporation (VAC).

Expected to close for a closing value of $4.7 billion in a cash plus stock deal. Under the terms of the agreement, common shareholders of MB Financial will receive $54.20 of total consideration, consisting of 1.45 shares of Fifth Third common stock and $5.54 in cash for each share of MB Financial common stock.

Expected to close in the fourth quarter of 2018 for a closing value of $4.9 billion. Upon completion of the merger, shareholders of Cotiviti Holdings will receive $44.75 per share in cash.

Update(s)

August 24, 2018: Cotiviti Holdings (COTV), announced today that Cotiviti’s shareholders voted to approve the proposed merger of Cotiviti with a subsidiary of Verscend at a special meeting of Cotiviti’s shareholders.

Expected to close late in the third quarter or early in the fourth quarter of 2018 for a closing value of $963 million. Under the terms of the agreement, AV Homes stockholders will have the option to receive, at their election, consideration per share equal to (i) $21.50 in cash, (ii) 0.9793 shares of Taylor Morrison Class A common stock or (iii) the combination of $12.64 in cash and 0.4034 shares of Taylor Morrison Class A common stock, subject to an overall proration of approximately 60% cash and 40% stock.

Update(s)

August 24, 2018: AV Homes (AVHI) announced that it has set the date of its special meeting of stockholders to consider and vote on the proposal to approve the previously announced merger with a subsidiary of Taylor Morrison Home Corporation (TMHC), as well as other related proposals, for Wednesday, September 26, 2018.

Expected to close in the fourth quarter of 2018 for a closing value of $2 billion. Upon completion of the merger, shareholders of Web.com will receive $25.00 per share in cash.

Update(s)

July 20, 2018: Web.com Group (WEB) announced that the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the Merger.

August 6, 2018: Web.com Group (WEB) announced an amended agreement with affiliates of Siris Capital Group to purchase all of the outstanding common stock of Web.com for $28 per share in cash through a merger. In addition, the “go-shop” period provided for under the terms of the previously announced merger agreement between the company and affiliates of Siris Capital Group has expired.

Expected to close in the second half of 2018 for a closing value of $492 million. Upon completion of the acquisition, shareholders of Perry Ellis International will receive $27.50 per share in cash.

Update(s)

July 2, 2018: The Special Committee of the Perry Ellis International (PERY) Board of Directors confirmed receipt of a non-binding, unsolicited proposal from privately-held Randa Accessories Leather Goods to acquire 100% of the fully diluted common stock of Perry Ellis for $28.00 per share in cash.

July 11, 2018: Perry Ellis International (PERY) announced that it had been granted early termination, effective as of July 10, 2018, of the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended in connection with the Feldenkreis transaction.

August 3, 2018: The Special Committee of the Perry Ellis International (PERY) Board of Directors, confirmed that it has received a revised, non-binding, unsolicited proposal from privately-held Randa Accessories Leather Goods  to acquire 100% of the outstanding common stock of Perry Ellis for $28.90 per share in cash.

August 14, 2018: The Special Committee of the Perry Ellis International (PERY) Board of Directors confirmed that it has terminated discussions with privately-held Randa Accessories Leather Goods with respect to its revised, non-binding, unsolicited proposal to acquire 100% of the outstanding common stock of Perry Ellis for $28.90 per share in cash.

Expected to close in the third quarter of 2018 for a closing value of $900 million in a cash plus stock deal. Under the terms of the agreement, MTGE shareholders may elect to receive: (a) $9.82 in cash and 0.9519 shares of Annaly common stock; (b) $19.65 in cash (the “Cash Consideration Option”); or (c) 1.9037 shares of Annaly common stock (the “Stock Consideration Option”). MTGE 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 50% of Annaly’s common stock and approximately 50% in cash.

Update(s)

June 15, 2018: 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 MTGE Investment Corp. (MTGE). The Offer will now expire on July 18, 2018, unless further extended.

August 20, 2018: 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 MTGE Investment (MTGE). The Offer will now expire on September 7, 2018, unless further extended in accordance with the terms of the merger agreement.

August 21, 2018: Annaly Capital Management (NLY) announced that it has received the requisite regulatory approvals to complete its previously announced exchange offer to purchase all of the outstanding shares of common stock of MTGE Investment (MTGE).

Expected to close in the third quarter of 2018 for a closing value of $4.8 billion. Upon completion of the merger, shareholders will receive $33.50 per share in cash.

Update(s)

June 18, 2018: According to Reuters, LaSalle Hotel Properties (LHO) sided with Blackstone Group’s offer to buy the company, as it looks to thwart Pebblebrook Hotel Trust (PEB)’s takeover bid.

July 10, 2018: Pebblebrook Hotel Trust (PEB) announced it has filed a preliminary proxy statement with the United States Securities and Exchange Commission to urge shareholders of LaSalle Hotel Properties (LHO) to vote with Pebblebrook against LaSalle’s merger agreement with BRE Landmark.

July 20, 2018: LaSalle Hotel Properties (LHO) announced that it has set the record date for the special meeting of shareholders to vote on the proposal to approve the previously announced merger with affiliates of Blackstone Real Estate Partners. Shareholders of record as of the close of business on July 20, 2018 will be entitled to vote at the Special Meeting.

July 30, 2018: Pebblebrook Hotel Trust (PEB) commented on the decision by the Board of Trustees of LaSalle Hotel Properties (LHO) to reject Pebblebrook’s revised merger offer, valued at $36.21 per share1 and their continued support of the LaSalle-Blackstone merger agreement at its take-under price of $33.50 per share.

August 6, 2018: LaSalle Hotel Properties (LHO) announced that it has filed an investor presentation with the Securities and Exchange Commission in connection with the previously announced merger with affiliates of Blackstone Real Estate Partners. After careful consideration, the LaSalle Board unanimously determined that the Blackstone transaction represents a compelling opportunity for LaSalle shareholders.

August 22, 2018: LaSalle Hotel Properties (LHO) confirmed that it received a proposal from Pebblebrook Hotel Trust (PEB) to acquire LaSalle in a transaction with consideration of 0.92 common shares of Pebblebrook per common share of LaSalle.

August 24, 2018: According to Reuters, Shareholder advisory firm ISS recommended against a buyout deal of LaSalle Hotel Properties (LHO) by private equity company Blackstone, in another boon for LaSalle’s unwelcome suitor Pebblebrook Hotel Trust (PEB).

Expected to close in the fourth quarter of 2018 for a closing value of $300 million. Upon completion of the merger, shareholders of Zoe’s Kitchen will receive $12.75 per share in cash.

Expected to close in the third quarter of 2018 for a closing value of $216 million. Upon completion of the merger, shareholders of SteadyMed will receive $4.46 per share in cash at closing and an additional $2.63 per share in cash upon the achievement of a milestone related to the commercialization of Trevyent®.

Update(s)

June 25, 2018: SteadyMed (STDY) issued a notice that an extraordinary general meeting of shareholders of SteadyMed will be held at the offices of SteadyMed Therapeutics on July 30, 2018.

July 20, 2018: United Therapeutics Corporation (UTHR) and SteadyMed (STDY) announced the termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 relating to United Therapeutics’ previously announced acquisition of SteadyMed.

July 31, 2018: SteadyMed (STDY) announced that SteadyMed shareholders voted to approve the previously announced acquisition of the company by United Therapeutics Corporation (UTHR).

Expected to close in the fourth quarter of 2018 for a closing value of $282.72 million in an all stock deal. Under the terms of the all-stock agreement, GulfMark stockholders will receive 1.100 shares of Tidewater common stock for each share of GulfMark common stock held by them.

Update(s)

August 6, 2018: GulfMark Offshore (GLF) confirmed that it has received a non-binding, unsolicited proposal from HGIM Corp. to combine the companies through a merger in which GulfMark would acquire Harvey Gulf, with the combined company remaining publicly listed.

Expected to close by the end of the year for a closing value of $567.35 in an all stock deal. Under the terms of the agreement, Keryx shareholders will receive 0.37433 common shares of Akebia for each share of Keryx they own.

Expected to close for a closing value of $66.1 billion in an all stock deal. Under the terms of the agreement, shareholders of 21st Century Fox will receive 0.2745 Disney shares for each 21st Century Fox share they hold. The per share consideration is subject to adjustment for certain tax liabilities arising from the spinoff and other transactions related to the acquisition. The initial exchange ratio of 0.2745 Disney shares for each 21st Century Fox share was set based on an estimate of such tax liabilities to be covered by an $8.5 billion cash dividend to 21st Century Fox from the company to be spun off. The exchange ratio will be adjusted immediately prior to closing of the acquisition based on an updated estimate of such tax liabilities. Such adjustment could increase or decrease the exchange ratio, depending upon whether the final estimate is lower or higher, respectively, than the initial estimate. However, if the final estimate of the tax liabilities is lower than the initial estimate, the first $2 billion of that adjustment will instead be made by net reduction in the amount of the cash dividend to 21st Century Fox from the company to be spun off. The amount of such tax liabilities will depend upon several factors, including tax rates in effect at the time of closing as well as the value of the company to be spun off.

Update(s)

May 23, 2018: According to Bloomberg, Comcast (CMCSA) confirmed that it may make an offer for the entertainment assets that 21st Century Fox (FOX) has agreed to sell to Walt Disney (DIS), escalating a bidding war that’s already underway over Fox’s European satellite business.

June 20, 2018: The Walt Disney Company (DIS) announced that it has signed an amended acquisition agreement with Twenty-First Century Fox (FOX), for $38 per share in cash and stock. The collar on the stock consideration will ensure that 21st Century Fox shareholders will receive a number of Disney shares equal to $38 in value if the average Disney stock price at closing is between $93.53 and $114.32. 21st Century Fox shareholders will receive an exchange ratio of 0.3324 shares of Disney common stock if the average Disney stock price at closing is above $114.32 and 0.4063 shares of Disney common stock if the average Disney stock price at closing is below $93.53. Elections of cash and stock will be subject to proration to the extent cash or stock is oversubscribed.

June 27, 2018: The Walt Disney Company (DIS) announced that the Antitrust Division of the United States Department of Justice has cleared the pending acquisition by Disney of Twenty-First Century Fox (FOX).

July 13, 2018: AT&T (T) CEO Randall Stephenson told CNBC, that the Department of Justice’s challenge to AT&T and Time Warner’s (TWX) merger could affect the bidding war between Disney (DIS) and Comcast (CMCSA) for Twenty-First Century Fox (FOX).

July 19, 2018: According to the Wall Street Journal, Comcast (CMCSA) has dropped its pursuit of 21st Century Fox Inc.’s (FOX) entertainment assets, clearing the way for rival Walt Disney (DIS) to acquire key pieces of Rupert Murdoch’s media empire after the two sides dueled in recent weeks.

July 27, 2018: Twenty-First Century Fox (FOX) and The Walt Disney Company (DIS) announced that, at separate special meetings, stockholders of the two companies approved all proposals related to Disney’s acquisition of 21st Century Fox.