+ | TEDU | 04/30/2021 | Kidedu Holdings Limited (N/A) | All Cash | $230.6 million | $4.00 | $2.35 | 1,972,671 | 09/30/2021 | 70.21% | 388.30% |
Tarena International, Inc. merger details: Expected to close in the third quarter of 2021 for a closing value of $230.6 million. Upon completion of the merger, shareholders of Tarena International will receive $4.00 per share in cash. Tarena International, Inc. Investor Relations |
+ | MX | 03/26/2021 | South Dearborn Limited (N/A) | All Cash | $1.4 billion | $29.00 | $22.48 | 142,415 | 12/31/2021 | 29.00% | 67.00% |
Magnachip Semiconductor Corporation merger details: Expected to close in the second half of 2021 for a closing value of $1.4 billion. Upon completion of the merger, shareholders of MagnaChip Semiconductor will receive $29.00 per share in cash. Merger Agreement MagnaChip Semiconductor Corporation Investor Relations Update(s) May 26, 2021: Outside legal counsel of Magnachip Semiconductor Corporation (MX) and South Dearborn Limited received an e-mail from the U.S. Department of Treasury on behalf of the Staff Chairperson of the Committee on Foreign Investment in the United States. In the e-mail, the CFIUS Staff Chairperson, acting on the recommendation of CFIUS, requested that the parties file a notice concerning the Merger and thereby undergo formal CFIUS review of the Merger. June 11, 2021: Magnachip Semiconductor Corporation (MX) confirmed receipt of an unsolicited proposal from Cornucopia Investment Partners to acquire all of the outstanding shares of Magnachip common stock for $35.00 per share in cash. June 15, 2021: Magnachip (MX) received an order from the Treasury Department on behalf of the Committee on Foreign Investment in the United States (CFIUS) telling the company to pause its acquisition by Wise Road Capital until a government review can be completed. The Company is assessing the impact of the Interim Order and the special meeting of stockholders scheduled for June 17, 2021 is expected to be postponed. June 16, 2021: Magnachip Semiconductor (MX) received a letter from the Korean Ministry of Trade, Industry and Energy (“MOTIE”) requesting MSK to either apply for an approval or file a report, as may be applicable, under Article 11-2 of the Act on Prevention of Divulgence and Protection of Industrial Technology concerning the Merger. June 30, 2021: Magnachip Semiconductor’s (MX) planned sale to PE firm Wise Road was approved by China’s antitrust regulator. |
+ | KSU | 05/21/2021 | Canadian National Railway Company (CNI) | Cash Plus Stock | $33.6 billion | $319.55 | $271.4 | 330,200 | 12/31/2022 | 17.74% | 12.38% |
Kansas City Southern merger details: Expected to close in the secod half of 2021 for a closing value of $30.6 billion in a cash plus stock deal. Under the terms of the agreement, KCS shareholders will receive $200 in cash and 1.129 shares of CN common stock for each KCS common share. Merger Agreement Kansas City Southern Investor Relations Canadian National Railway Company Investor Relations Update(s) June 15, 2021: Canadian National Railway (CNI) and Kansas City Southern (KSU) submitted final documents requested by the Surface Transportation Board in support of approval for a voting trust. June 23, 2021: Canadian National Railway Company (CNI) and Kansas City Southern (KSU) announced that the International Brotherhood of Boilermakers filed a letter of support for CN’s and KCS’ proposed voting trust with the Surface Transportation Board. June 29, 2021: Canadian National Railway Company (CNI) and Kansas City Southern (KSU) announced that three local union committees representing CN and KCS employees in the United States that are affiliated with the Brotherhood of Locomotive Engineers and Trainmen have filed four letters in support of the proposed voting trust with the Surface Transportation Board. CNI and KSU also noted that the Surface Transportation Board’s comment period regarding the companies’ application for approval of a voting trust has closed, marking another key step toward the combination of the two companies. |
+ | CHNG | 01/06/2021 | UnitedHealth Group Incorporated (UNH) | All Cash | $13.28 billion | $25.75 | $22.2 | 1,192,743 | 12/31/2021 | 15.99% | 36.94% |
Change Healthcare Inc. merger details: Expected to close in the second half of 2021 for a closing value of $13.28 billion. Upon completion of the merger, shareholders of Change Healthcare will receive $25.75 per share in cash. Merger Agreement Change Healthcare Inc. Investor Relations UnitedHealth Group Incorporated Investor Relations Change Healthcare Inc. Investor Relations
UnitedHealth Group Incorporated Investor Relations Update(s) March 24, 2021: Change Healthcare (CHNG) and UnitedHealth Group (UNH) each received a request for additional information and documentary materials from the DOJ in connection with the DOJ’s review of the Merger. The effect of the Second Request is to extend the waiting period imposed under the HSR Act until the 30th day after substantial compliance by the Company and UnitedHealth Group with the Second Request, unless the waiting period is terminated earlier by the DOJ or extended by the parties to the Merger. April 14, 2021: Change Healthcare (CHNG) announced that during a special meeting its stockholders voted to approve the previously announced combination with OptumInsight, part of UnitedHealth Group (UNH). May 6, 2021: The American Antitrust Institute (AAI) warned that UnitedHealth Group’s (UNH) planned acquisition of Change Healthcare (CHNG) could stifle competition. The nonprofit wrote in a letter to the Department of Justice (DOJ) that the deal is “likely to harm competition and consumers.” |
+ | XLNX | 10/27/2020 | Advanced Micro Devices, Inc. (AMD) | All Stock | $33.43 billion | $158.81 | $137.86 | 578,774 | 12/31/2021 | 15.20% | 35.11% |
Xilinx, Inc. merger details: Expected to close by the end of calendar year 2021 for a closing value of $33.43 billion in an all stock deal. Under the terms of the agreement, Xilinx stockholders will receive a fixed exchange ratio of 1.7234 shares of AMD common stock for each share of Xilinx common stock they hold. Merger Agreement Xilinx, Inc. Investor Relations Advanced Micro Devices, Inc. Investor Relations Xilinx, Inc. Investor Relations Advanced Micro Devices, Inc. Investor Relations Update(s) January 12, 2021: Xilinx (XLNX) announced that the Hart-Scott-Rodino waiting period on its acquisition by AMD has expired. March 8, 2021: Advanced Micro Devices (AMD) and Xilinx (XLNX) announced that they have set April 7, 2021 as the date for the Special Meetings of Stockholders to vote on the proposed acquisition of Xilinx by AMD. April 7, 2021: Advanced Micro Devices (AMD) and Xilinx (XLNX) announced that stockholders voted to approve their respective proposals relating to the pending acquisition of Xilinx by AMD. May 26, 2021: Advanced Micro Devices (AMD) filed its planned acquisition of Xilinx (XLNX) with the European Union for review. June 29, 2021: The U.K. Competition and Markets Authority said that it has decided not to refer Advanced Micro Devices’s (AMD) anticipated acquisition of Xilinx (XLNX) to a Phase 2 investigation. |
+ | OSN | 12/17/2020 | New Ossen Group Limited (N/A) | All Cash | $84.96 million | $5.10 | $4.4500 | 28,405 | 09/30/2021 | 14.61% | 80.78% |
Ossen Innovation Co., Ltd. merger details: Expected to close during the first half of 2021 for a closing value of $84.96 million. Upon completion of the merger, shareholders of Ossen Innovation will receive $5.10 in cash per American Depositary Share of the Company. Merger Agreement Ossen Innovation Co., Ltd. Investor Relations Update(s) June 16, 2021: Ossen Innovation (OSN) announced that it has entered into an Amendment to the Agreement and Plan of Merger to amend its previously announced Agreement and Plan of Merger with New Ossen Innovation Limited. The Merger Agreement provides that either the Company or Parent may terminate the Merger Agreement if the effective time of the merger has not occurred on or before June 17, 2021. Pursuant to Amendment No. 1, the parties have agreed to extend the Termination Date by three months to September 17, 2021. July 16, 2021: Ossen Innovation (OSN) announced that it has entered into an Amendment to the Agreement and Plan of Merger with New Ossen Group Limited. Pursuant to Amendment No. 1, the parties have agreed to extend the Termination Date by three months to September 17, 2021. |
+ | SJR | 03/15/2021 | Rogers Communications Inc. (RCI) | Special Conditions | $26 billion | $32.40 | $29.03 | 145,107 | 06/30/2022 | 11.61% | 12.50% |
Shaw Communications Inc. merger details: Expected to close in the first half of 2022 for a closing value of $26 billion. Upon completion of the merger, shareholders of Shaw Communications will receive C$40.5 per share in cash, or $32.40 based on the 80 US cents per CAD exchange ratio. Merger Agreement Shaw Communications Inc. Investor Relations Rogers Communications Inc. Investor Relations Update(s) May 20, 2021: Shaw Communications (SJR) announced that its shareholders have overwhelmingly voted in favour of the previously announced plan of arrangement for the proposed business combination with Rogers Communications (RCI). |
+ | WLTW | 03/09/2020 | Aon plc (AON) | All Stock | $34.45 billion | $251.08 | $226.41 | 315,095 | 07/31/2021 | 10.90% | 795.37% |
Willis Towers Watson Public Limited Company merger details: Expected to close in the first half of 2021 for a closing value of $34.45 billion in an all stock deal. Under the terms of the agreement, each WTW Shareholder will receive 1.08 New Aon Ireland Shares for each WTW Share (subject to any adjustment under Section 2.1(d)(v) of the Business Combination Agreement). Merger Agreement Willis Towers Watson Public Limited Company Investor Relations Aon plc Investor Relations Willis Towers Watson Public Limited Company Investor Relations
Aon plc Investor Relations Update(s) August 26, 2020: Aon (AON) and Willis Towers Watson Public Limited Company (WLTW) announced that their respective shareholders approved all of the proposals necessary to complete the previously announced combination of Aon and Willis Towers Watson. The combination, which remains subject to customary regulatory and other closing conditions, is expected to close in the first half of 2021. December 21, 2020: Aon (AON) confirmed that the European Commission (EC) has initiated a Phase II review in connection with its combination with Willis Towers Watson Public Limited Company (WLTW). February 18, 2021: According to Reuters, Australia’s competition regulator raised initial concerns over Aon’s (AON) bid for Willis Towers Watson (WLTW). April 13, 2021: Europe’s antitrust regulator has extended the deadline for its review of Aon’s (AON) planned purchase of Willis Towers (WLTW) until July 27. April 20, 2021: The US Department of Justice intervened in the proposed merger of Aon (AON) with Willis Towers Watson (WLTW), demanding divestitures in addition to those set out by the European Commission (EC). April 23, 2021: Australia’s review of Aon’s (AON) purchase of Willis Towers (WLTW) has been delayed as the regulator needs more information from the parties. May 12, 2021: Aon plc (AON) and Willis Towers Watson (WLTW) announced they have signed a definitive agreement to sell Willis Re and a set of Willis Towers Watson corporate risk and broking and health and benefits services to Arthur J. Gallagher & Co.. These businesses will be divested for a total consideration of approximately US$3.57B. June 3, 2021: Aon (AON) announced that the firm has signed definitive agreements to sell its U.S. retirement business to Aquiline and its Aon Retiree Health Exchange™ business to Alight for total gross consideration of $1.4 billion. The agreements are intended to address certain questions raised by the U.S. Department of Justice in relation to the combination with respect to the markets in which these businesses are active. Aon and Willis Towers Watson (WLTW) continue to work toward obtaining regulatory approval in all relevant jurisdictions. June 16, 2021: The U.S. Justice Department filed a lawsuit aimed at stopping Aon’s (AON) acquisition of Willis Towers Watson (WLTW) because it would reduce competition and could lead to higher prices. In response, Aon and Willis Towers Watson shared a statement stating that they disagree with the U.S. Department of Justice’s action. June 17, 2021: According to Reuters, Senior Judge Reggie Walton, who joined the U.S. District Court for the District of Columbia in 2001, will hear the Justice Department’s lawsuit aimed at stopping insurance broker Aon’s (AON) $30 billion acquisition of Willis Towers Watson (WLTW). July 2, 2021: According to The Wall Street Journal, Investors have ratcheted up bets on the collapse of Aon’s (AON) acquisition of rival Willis Towers Watson (WLTW), betting the Justice Department will succeed in blocking the landmark insurance brokerage deal in court. July 9, 2021: Aon (AON) and Willis Towers Watson (WLTW) confirmed that the European Commission announced conditional approval for the proposed combination of Aon and Willis Towers Watson. July 12, 2021: Aon (AON) received conditional approval from the European Union (EU) antitrust regulators for its bid to acquire Willis Towers Watson (WLTW). |
+ | COHR | 03/25/2021 | II-VI Incorporated (IIVI) | Cash Plus Stock | $6.84 billion | $284.96 | $259.79 | 103,026 | 12/31/2021 | 9.69% | 22.39% |
Coherent, Inc. merger details: Expected to close in the fourth quarter of 2021 for a closing value of $6.84 billion in a cash plus stock deal. Under the terms of Coherent’s merger agreement with II-VI, each share of Coherent common stock will be exchanged for $220.00 in cash and 0.91 of a share of II-VI common stock at the completion of the transaction. Merger Agreement Coherent, Inc. Investor Relations II-VI Incorporated Investor Relations Update(s) May 12, 2021: II-VI Incorporated (IIVI) and Coherent (COHR) confirmed the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the pending transaction. June 24, 2021: II-VI Incorporated (IIVI) and Coherent (COHR) announced that II-VI’s shareholders and Coherent’s stockholders have each voted overwhelmingly to adopt and approve the previously announced merger agreement for II-VI to acquire Coherent. |
+ | AJRD | 12/20/2020 | Lockheed Martin Corporation (LMT) | All Cash | $3.79 billion | $51.00 | $48 | 383,430 | 12/31/2021 | 6.25% | 14.44% |
Aerojet Rocketdyne Holdings, Inc. merger details: Expected to close in the second half of 2021 for a closing value of $3.79 billion. Upon completion of the merger, shareholders of Aerojet Rocketdyne Holdings will receive $56.00 per share in cash. As part of the transaction, Aerojet Rocketdyne declared a $5.00 per share pre-closing special dividend to holders of its common shares and convertible senior notes, on an as-converted basis. The special dividend will be paid on March 24, 2021, to holders of record as of March 10, 2021. The payment of this special dividend, unless revoked, will adjust the consideration to be paid by Lockheed Martin to $51.00 per share at closing. Aerojet Rocketdyne Holdings, Inc. Investor Relations Lockheed Martin Corporation Investor Relations Aerojet Rocketdyne Holdings, Inc. Investor Relations Lockheed Martin Corporation Investor Relations Update(s) February 17, 2021: According to Reuters, antitrust regulators will likely lengthen their investigation into Lockheed Martin Corp’s (LMT) proposed purchase of rocket maker Aerojet Rocketdyne Holdings (AJRD). March 9, 2021: Aerojet Rocketdyne’s stockholders approved the merger agreement providing for the proposed acquisition of Aerojet Rocketdyne (AJRD) by Lockheed Martin Corporation (LMT). March 24, 2021: Aerojet Rocketdyne Holdings (AJRD) announced payment of the previously-declared $5.00 per share special cash dividend to holders of its common shares. Under the terms of the acquisition agreement, Aerojet Rocketdyne’s payment of the special dividend adjusts the consideration to be paid by Lockheed Martin (LMT) at closing from $56.00 per share to $51.00 per share. |
+ | HBMD | 07/13/2021 | F.N.B. Corporation (FNB) | All Stock | $418 million | $20.54 | $19.37 | 219,503 | 01/31/2022 | 6.03% | 11.65% |
Howard Bancorp, Inc. merger details: Expected to close early in 2022 for a closing value of $418 million in an all stock deal. Under the terms of the agreement, shareholders of Howard Bancorp will be entitled to receive 1.8 shares of FNB common stock for each share of Howard common stock they own. Merger Agreement Howard Bancorp, Inc. Investor Relations F.N.B. Corporation Investor Relations Howard Bancorp, Inc. Investor Relations F.N.B. Corporation Investor Relations |
+ | FOE | 05/11/2021 | Prince International Corporation (N/A) | All Cash | $2.1 billion | $22.00 | $20.98 | 791,216 | 09/30/2021 | 4.86% | 26.89% |
Ferro Corporation merger details: Expected to close for a closing value of $2.1 billion. Upon completion of the merger, shareholders of Ferro Corporation will receive $22.00 per share in cash. Merger Agreement Ferro Corporation Investor Relations Update(s) July 9, 2021: Ferro Corporation (FOE) announced that the special meeting of stockholders will be held on July 15, 2021. |
+ | ATH | 03/08/2021 | Apollo Global Management, Inc. (APO) | All Stock | $6.01 billion | $68.30 | $65.22 | 629,025 | 01/31/2022 | 4.72% | 9.11% |
Athene Holding Ltd. merger details: Expected to close in January 2022 for a closing value of $6.01 billion in an all stock deal. Under the terms of the transaction, each outstanding Class A common share of Athene will be exchanged for a fixed ratio of 1.149 shares of Apollo common stock. Merger Agreement Athene Holding Ltd. Investor Relations Apollo Global Management, Inc. Investor Relations Update(s) June 15, 2021: Athene Holding (ATH) announced that it expects to hold its special general meeting of Shareholders to consider the merger transaction with Apollo Global Management (APO) during the fourth quarter of 2021 following Apollo’s special meeting of stockholders. The Company believes the parties have been making good progress on integration planning and structuring for post-closing financial efficiencies and that the Merger remains on track to close in early January 2022 after satisfaction of customary conditions including regulatory and shareholder approvals. Under the terms of the transaction, each outstanding Class A common share of Athene will be exchanged for a fixed ratio of 1.149 shares of Apollo common stocUnder the terms of the transaction, each outstanding Class A common share of Athene will be exchanged for a fixed ratio of 1.149 shares of Apollo commonstock. |
+ | CHMA | 05/05/2021 | Amryt Pharma (AMYT) | All Stock | $53.61 million | $4.43 | $4.24 | 192,905 | 09/30/2021 | 4.42% | 24.43% |
Chiasma, Inc. merger details: Expected to close in the third quarter of 2021 for a closing value of $53.61 million in an all stock deal. Under the terms of the transaction, each share of Chiasma common stock issued and outstanding prior to the consummation of the transaction will be exchanged for 0.396 Amryt American Depositary Shares. Merger Agreement Chiasma, Inc. Investor Relations Amryt Pharma plc Investor Relations Chiasma, Inc. Investor Relations Amryt Pharma plc Investor Relations Update(s) June 17, 2021: The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), expired in connection with the previously announced proposed merger between Chiasma (CHMA) and Amryt Pharma (AMYT). |
+ | FBC | 04/26/2021 | New York Community Bancorp, Inc. (NYCB) | All Stock | $2.6 billion | $44.21 | $42.52 | 259,635 | 12/31/2021 | 3.97% | 9.16% |
Flagstar Bancorp, Inc. merger details: Expected to close by the end of 2021 for a closing value of $2.6 billion in an all stock deal. Under terms of the agreement, Flagstar shareholders will receive 4.0151 shares of New York Community common stock for each Flagstar share they own. Merger Agreement Flagstar Bancorp, Inc. Investor Relations New York Community Bancorp Investor Relations Flagstar Bancorp, Inc. Investor Relations New York Community Bancorp Investor Relations |
+ | FIVN | 07/18/2021 | Zoom Video Communications, Inc. (ZM) | All Stock | $14.7 billion | $198.76 | $191.20 | 3,315,903 | 06/30/2022 | 3.95% | 4.26% |
Five9, Inc. merger details: Expected to close in the first half of 2022 for a closing value of $14.7 billion in an all stock deal. Under the terms of the agreement Five9 stockholders will receive 0.5533 shares of Class A common stock of Zoom Video Communications for each share of Five9. Merger Agreement Five9, Inc. Investor Relations Zoom Video Communications, Inc. Investor Relations |
+ | MXIM | 07/13/2020 | Analog Devices, Inc. (ADI) | All Stock | $21 billion | $103.04 | $99.28 | 1,033,163 | 06/30/2021 | 3.78% | 0.00% |
Maxim Integrated Products, Inc. merger details: Expected to close in the summer of 2021 for a closing value of $21 billion in an all stock deal. Under the terms of the agreement, Maxim stockholders will receive 0.630 of a share of ADI common stock for each share of Maxim common stock they hold at the closing of the transaction. Merger Agreement Maxim Integrated Products, Inc. Investor Relations Analog Devices, Inc. Investor Relations Maxim Integrated Products, Inc. Investor Relations Analog Devices, Inc. Investor Relations Update(s) August 24, 2020: Analog Devices (ADI) voluntarily withdrew its pre-merger notification under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended relating to ADI’s proposed acquisition of Maxim Integrated Products (MXIM), in order to provide the Federal Trade Commission with additional time to review the proposed acquisition. October 8, 2020: Analog Devices (ADI) and Maxim Integrated Products (MXIM) announced ADI and Maxim shareholders voted to approve their respective proposals relating to the pending combination of ADI and Maxim. The companies continue to expect that the transaction will be completed in the summer of 2021. February 25, 2021: The European Union’s antitrust authority set a deadline of March 31 for its phase 1 review of Analog Devices’ (ADI) planned acquisition of Maxim Integrated (MXIM). April 21, 2021: South Korea’s antitrust authority approved Analog Devices (ADI) planned purchase of Maxim Integrated (MXIM). |
+ | BOCH | 06/24/2021 | Columbia Banking System, Inc. (COLB) | All Stock | $266 million | $13.82 | $13.34 | 62,373 | 12/31/2021 | 3.57% | 8.24% |
Bank of Commerce Holdings merger details: Expected to close in the fourth quarter of 2021 for a closing value of $266 million in an all stock deal. Under the terms of the merger agreement, Bank of Commerce shareholders are entitled to receive 0.40 of a share of Columbia common stock for each share of Bank of Commerce’s stock subject to certain potential adjustments. Bank of Commerce Holdings Investor Relations Columbia Banking System, Inc. Investor Relations |
+ | SLCT | 06/01/2021 | First Bancorp (FBNC) | All Stock | $314.3 million | $15.62 | $15.1 | 46,349 | 12/31/2021 | 3.46% | 7.99% |
Select Bancorp, Inc. merger details: Expected to close in the fourth quarter of 2021 for a closing value of $314.2 million in an all stock deal. Under the terms of the agreement, Select shareholders will receive 0.408 shares of First Bancorp’s common stock for each share of Select common stock. Merger Agreement Select Bancorp, Inc. Investor Relations First Bancorp Investor Relations Select Bancorp, Inc. Investor Relations First Bancorp Investor Relations |
+ | FCCY | 07/12/2021 | Lakeland Bancorp, Inc. (LBAI) | All Stock | $244.4 million | $21.82 | $21.1 | 53,818 | 01/31/2022 | 3.40% | 6.57% |
1st Constitution Bancorp merger details: Expected to close late in the fourth quarter of 2021 or early in the first quarter of 2022 for a closing value of $244.4 million in an all stock deal. Under the terms of the merger agreement, shareholders of 1st Constitution Bancorp will receive 1.3577 Lakeland shares for each 1st Constitution share. Merger Agreement 1st Constitution Bancorp Investor Relations Lakeland Bancorp, Inc. Investor Relations |
+ | PNM | 10/21/2020 | Avangrid, Inc. (AGR) | All Cash | $8.05 billion | $50.30 | $48.67 | 268,894 | 12/31/2021 | 3.35% | 7.74% |
PNM Resources, Inc. merger details: Expected to close between October and December 2021 for a closing value of $8.05 billion. Upon completion of the merger, PNM Resources shareholders will receive $50.30 in cash. Merger Agreement PNM Resources, Inc. Investor Relations Avangrid, Inc. Investor Relations PNM Resources, Inc. Investor Relations Update(s) February 2, 2021: AVANGRID (AGR) confirmed that it has received clearance from the Committee on Foreign Investment in the United States (CFIUS) after the conclusion of the initial review period in relation to the proposed merger combination with PNM Resources (PNM). February 12, 2021: PNM Resources (PNM) shareholders voted overwhelmingly to approve the merger agreement with AVANGRID (AGR) at a special shareholders meeting. April 21, 2021: AVANGRID (AGR) announced that it has received Federal Energy Regulatory Commission (FERC) approval for its proposed PNM Resources (PNM) merger. May 6, 2021: The Public Utility Commission of Texas (PUCT) voted to approve the unanimous stipulation and agreement among parties for the merger of PNM Resources (PNM), including its Texas utility subsidiary, Texas-New Mexico Power Company (TNMP), with AVANGRID (AGR). May 26, 2021: PNM Resources (PNM) and AVANGRID (AGR) received approval from the sixth regulatory entity, the Nuclear Regulatory Commission (NRC), for their proposed merger. |
+ | ESXB | 06/03/2021 | United Bankshares, Inc. (UBSI) | All Stock | $303.3 million | $10.88 | $10.55 | 58,722 | 12/31/2021 | 3.13% | 7.23% |
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+ | MRLN | 04/19/2021 | HPS Investment Partners LLC (N/A) | All Cash | $109.4 million | $23.50 | $22.79 | 6,188 | 03/31/2022 | 3.12% | 4.59% |
Marlin Business Services Corp. merger details: Expected to close in the first quarter of 2022 for a closing value of $109.4 million. Upon completion of the merger, shareholders of Marlin Business Services will receive $23.50 per share in cash. Merger Agreement Marlin Business Services Corp. Investor Relations |
+ | PPD | 04/15/2021 | Thermo Fisher Scientific Inc. (TMO) | All Cash | $20.9 billion | $47.50 | $46.16 | 1,538,234 | 12/31/2021 | 2.90% | 6.71% |
PPD, Inc. merger details: Expected to close by the end of the year for a closing value of $20.9 billion. Upon completion of the merger, shareholders of PPD will receive $47.50 per share in cash. PPD, Inc. Investor Relations Thermo Fisher Scientific Inc. Investor Relations PPD, Inc. Investor Relations Thermo Fisher Scientific Inc. Investor Relations |
+ | INFO | 11/30/2020 | S&P Global (SPGI) | All Stock | $44 billion | $118.77 | $115.44 | 1,414,141 | 12/31/2021 | 2.88% | 6.66% |
IHS Markit Ltd. merger details: Expected to close in the second half of 2021 for a closing value of $44 billion in an all stock deal. Under the terms of the merger agreement, each share of IHS Markit common stock will be exchanged for a fixed ratio of 0.2838 shares of S&P Global common stock. Merger Agreement IHS Markit Ltd. Investor Relations S&P Global Inc. Investor Relations IHS Markit Ltd. Investor Relations S&P Global Inc. Investor Relations Update(s) March 10, 2021: IHS Markit (INFO) and S&P Global (SPGI) each received a request for additional information and documentary material, often referred to as a “Second Request,” from the Antitrust Division of the U.S. Department of Justice. March 11, 2021: IHS Markit (INFO) announced that its shareholders voted overwhelmingly to approve its merger with S&P Global (SPGI). May 13, 2021: S&P Global (SPGI) and IHS Markit (INFO) announced that following feedback from regulators, the leadership from both companies have decided to explore a divestiture of IHS Markit’s Oil Price Information Services (OPIS) business, as well as IHS Markit’s Coal, Metals and Mining business. This decision was taken to ensure the pending merger of both companies closes on a timely basis. June 17, 2021: EU antitrust regulators set a July 20 deadline for their decision on CME Group and IHS Markit’s (INFO) proposed joint venture for over-the-counter markets. |
+ | WBT | 07/14/2021 | Ali Holding S.r.l. (N/A) | All Cash | $4.8 billion | $24.00 | $23.4 | 1,021,472 | 01/31/2022 | 2.56% | 4.95% |
Welbilt, Inc. merger details: Expected to close early in 2022 for a closing value of $4.8 billion. Upon completion of the merger, shareholders od Welbilt will receive $24.00 per share in cash. Welbilt, Inc. Investor Relations |
+ | CORE | 05/18/2021 | Performance Food Group Company (PFGC) | Cash Plus Stock | $2.5 billion | $43.63 | $42.63 | 227,215 | 06/30/2022 | 2.35% | 2.53% |
Core-Mark Holding Company, Inc. merger details: Expected to to close in the first half of calendar 2022 for a closing value of $2.5 billion in a cash plus stock deal. Under the terms of the transaction, Core-Mark shareholders will receive $23.875 per share in cash and 0.44 PFG shares for each Core-Mark share. Merger Agreement Core-Mark Holding Company, Inc. Investor Relations Performance Food Group Company Investor Relations Core-Mark Holding Company, Inc. Investor Relations Performance Food Group Company Investor Relations |
+ | SOLY | 05/10/2021 | Allergan Aesthetics (N/A) | All Cash | $550 million | $22.60 | $22.09 | 427,524 | 09/30/2021 | 2.31% | 12.77% |
Soliton, Inc. merger details: Expected to close in the third quarter of 2021 for a closing value of $550 million. Upon completion of the merger, shareholder of Soliton will receive $22.60 per share in cash. Merger Agreement Soliton, Inc. Investor Relations Update(s) July 2, 2021: Following informal discussions with the staff at the Federal Trade Commission, AbbVie and Soliton (SOLY) have agreed to voluntarily provide the FTC with additional time in which to review the Merger. On July 2, 2021, AbbVie, as the acquiring party, voluntarily withdrew its pre-merger notification and report form under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. In accordance with the regulations under the HSR Act, AbbVie plans to resubmit its HSR Act filing on or before July 7, 2021, commencing a new 30-day waiting period under the HSR Act. July 21, 2021: Soliton (SOLY) announced that it has received shareholder approval to be acquired by Allergan Aesthetics. |
+ | ACBI | 07/23/2021 | South State Corporation (SSB) | All Stock | $542 million | $24.70 | $24.16 | 974,474 | 03/31/2022 | 2.25% | 3.31% |
Atlantic Capital Bancshares, Inc. merger details: Expected to close in the first quarter of 2022 for a closing value of $542 million in an all stock deal. Under the terms of the merger agreement, Atlantic Capital shareholders will receive 0.36 shares of SouthState common stock for each outstanding share of Atlantic Capital common stock. Atlantic Capital Bancshares, Inc. Investor Relations SouthState Corporation Investor Relations Atlantic Capital Bancshares, Inc. Investor Relations SouthState Corporation Investor Relations |
+ | GPX | 07/15/2021 | Learning Technologies Group (N/A) | All Cash | $394 million | $20.85 | $20.4 | 87,477 | 12/31/2021 | 2.21% | 5.10% |
GP Strategies Corporation merger details: Expected to close in the fourth quarter of 2021 for a closing value of $394 million. Upon completion of the merger, shareholders of GP Strategies Corporation will receive $20.85 per share in cash. Merger Agreement GP Strategies Corporation Investor Relations |
+ | STFC | 07/12/2021 | Liberty Mutual Holding Company Inc. (N/A) | All Cash | $2.48 billion | $52.00 | $50.88 | 159,566 | 03/31/2022 | 2.20% | 3.24% |
State Auto Financial Corporation merger details: Expected to close in 2022 for a closing value of $2.48 billion. Upon completion of the merger, shareholders of State Auto Financial Corporation will receive $52 per share in cash. Merger Agreement State Auto Financial Corporation Investor Relations |
+ | ATC | 07/01/2021 | MKS Instruments, Inc. (MKSI) | Cash Plus Stock | $6.5 billion | $25.31 | $24.79 | 1,785,041 | 12/31/2021 | 2.11% | 4.88% |
Atotech Limited merger details: Expected to close in the fourth quarter of 2021 for a closing value of $6.5 billion in a cash plus stock deal. Under the terms of the agreement, MKS will acquire Atotech for $16.20 in cash and 0.0552 of a share of MKS common stock for each Atotech common share. Atotech Limited Investor Relations MKS Instruments, Inc. Investor Relations Atotech Limited Investor Relations
MKS Instruments, Inc. Investor Relations |
+ | FMBI | 06/01/2021 | Old National Bancorp (ONB) | All Stock | $2.86 billion | $18.22 | $17.84 | 443,714 | 01/31/2022 | 2.11% | 4.08% |
First Midwest Bancorp, Inc. merger details: Expected to close in late 2021 or early 2022 for a closing value of $2.86 billion in an all stock deal. Under the terms of the agreement, First Midwest stockholders will receive 1.1336 shares of Old National common stock for each share of First Midwest common stock they own. Merger Agreement First Midwest Bancorp Investor Relations Old National Bancorp Investor Relations First Midwest Bancorp Investor Relations Old National Bancorp Investor Relations
|
+ | STL | 04/19/2021 | Webster Financial Corporation (WBS) | All Stock | $5.12 billion | $22.15 | $21.75 | 1,146,082 | 12/31/2021 | 1.86% | 4.30% |
Sterling Bancorp merger details: Expected to close in the fourth quarter of 2021 for a closing value of $5.12 billion in an all stock deal. Under the terms of the agreement, Sterling will merge into Webster, and Sterling’s shareholders will receive a fixed exchange ratio of 0.463 of a Webster share for each share of Sterling stock they own. Merger Agreement Sterling Bancorp Investor Relations |
+ | JAX | 07/02/2021 | SPB Hospitality LLC (N/A) | All Cash | $220 million | $14.00 | $13.75 | 84,212 | 11/15/2021 | 1.82% | 5.93% |
J. Alexander’s Holdings, Inc. merger details: Expected to close early in the fourth quarter of 2021 for a closing value of $220 million. Upon completion of the merger, shareholders of J. Alexander’s Holdings will receive $14.00 per share in cash. Merger Agreement J. Alexander’s Holdings, Inc. Investor Relations |
+ | FRTA | 02/22/2021 | Quikrete Holdings, Inc. (N/A) | All Cash | $2.74 billion | $24.00 | $23.58 | 95,050 | 12/31/2021 | 1.78% | 4.11% |
Forterra, Inc. merger details: Expected to close in the fourth quarter of 2021 for a closing value of $2.74 billion. Upon completion of the merger, shareholders of Forterra will receive $24.00 per share in cash. Merger Agreement Forterra, Inc. Investor Relations |
+ | SVBI | 03/03/2021 | Shore Bancshares, Inc. (SHBI) | Cash Plus Stock | $146 million | $12.19 | $11.98 | 6,531 | 09/30/2021 | 1.71% | 9.48% |
Severn Bancorp, Inc. merger details: Expected to close in the third quarter of 2021 for a closing value of $146 million in a cash plus stock deal. Under the terms of the definitive agreement holders of Severn common stock will have the right to receive 0.6207 shares of Shore common stock and $1.59 in cash for each share of Severn common stock they own. Merger Agreement Severn Bancorp, Inc. Investor Relations Shore Bancshares, Inc. Investor Relations Severn Bancorp, Inc. Investor Relations Shore Bancshares, Inc. Investor Relations |
+ | ALTA | 05/18/2021 | Glacier Bancorp, Inc. (GBCI) | All Stock | $933.5 million | $40.88 | $40.2 | 44,121 | 12/31/2021 | 1.68% | 3.88% |
Altabancorp merger details: Expected to close in the fourth quarter of 2021 for a closing value of $933.5 million in an all stock deal. Under the terms of the agreement, Alta shareholders are to receive 0.7971 shares of Glacier stock for each Alta share. Merger Agreement Altabancorp Investor Relations Glacier Bancorp, Inc. Investor Relations Altabancorp Investor Relations Glacier Bancorp, Inc. Investor Relations |
+ | MMAC | 05/24/2021 | Fundamental Advisors LP (N/A) | All Cash | $161.7 million | $27.77 | $27.32 | 8,057 | 09/30/2021 | 1.65% | 9.11% |
MMA Capital Holdings, Inc. merger details: Expected to close in the third quarter of 2021 for a closing value of $161.7 million. Upon completion of the merger, shareholders of MMA Capital Holdings will receive $27.77 per share in cash. Merger Agreement MMA Capital Holdings, Inc. Investor Relations |
+ | JOBS | 06/21/2021 | Garnet Faith Limited (N/A) | All Cash | $3.63 billion | $79.05 | $77.81 | 784,611 | 12/31/2021 | 1.59% | 3.68% |
51job, Inc. merger details: Expected to close in the second half of 2021 in a going-private transaction for a closing value of $3.63 billion. Upon completion of the merger, shareholders of 51job will receive $79.05 per share in cash. 51job, Inc Investor Relations |
+ | TRMT | 04/26/2021 | RMR Mortgage Trust (RMRM) | All Stock | $252.33 million | $5.87 | $5.78 | 12,546 | 09/30/2021 | 1.57% | 8.69% |
Tremont Mortgage Trust merger details: Expected to close in the third quarter of 2021 for a closing value of $252.33 million in an all stock deal. Under the terms of the merger agreement, each TRMT common share will be converted into 0.520 of one newly issued RMRM common share. Merger Agreement Tremont Mortgage Trust Investor Relations RMR Mortgage Trust Investor Relations Tremont Mortgage Trust Investor Relations RMR Mortgage Trust Investor Relations |
+ | SHSP | 06/22/2021 | Clearlake Capital Group, L.P. (N/A) | All Cash | $240 million | $17.10 | $16.84 | 146,976 | 09/30/2021 | 1.54% | 8.54% |
SharpSpring, Inc. merger details: Expected to close in the third quarter of 2021 for a closing value of $240 million. Upon completion of the merger, shareholders of SharpSpring will receive $17.10 per share in cash. Merger Agreement SharpSpring, Inc. Investor Relations |
+ | NUAN | 04/12/2021 | Microsoft Corp (MSFT) | All Cash | $19.7 billion | $56.00 | $55.15 | 3,779,587 | 12/31/2021 | 1.54% | 3.56% |
Nuance Communications, Inc. merger details: Expected to close by the end of this calendar year for a closing value of $19.7 billion. Upon completion of the merger, shareholders of Nuance Communications will receive $56.00 per share in cash. Merger Agreement Nuance Communications, Inc. Investor Relations Microsoft Corp Investor Relations Nuance Communications, Inc. Investor Relations Microsoft Corp Investor Relations Update(s) June 1, 2021: The HSR Waiting Period applicable to the consummation of the Merger between Nuance Communications (NUAN) and Microsoft (MSFT) expired on June 1, 2021. June 15, 2021: Nuance Communications (NUAN) announced that it has received shareholder approval to be acquired by Microsoft (MSFT). |
+ | ORBC | 04/08/2021 | GI Partners (N/A) | All Cash | $1.1 billion | $11.50 | $11.35 | 727,111 | 12/31/2021 | 1.32% | 3.05% |
ORBCOMM Inc. merger details: Expected to close in the second half of 2021 for a closing value of $1.1 billion. Upon completion of the merger, shareholder of ORBCOMM will receive $11.50 per share in cash. Merger Agreement ORBCOMM Inc. Investor Relations ORBCOMM Inc. Investor Relations Update(s) May 10, 2021: ORBCOMM (ORBC) announced the expiration of the 30-day “go-shop” period under the terms of the merger agreement between ORBCOMM and GI Partners. June 14, 2021: ORBCOMM (ORBC) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”) in connection with the terms of the previously announced acquisition of ORBCOMM by GI Partners, expired on June 14, 2021. July 8, 2021: ORBCOMM (ORBC) announced that it has received shareholder approval to be acquired by GI Partners. |
+ | SBBP | 05/24/2021 | Xeris Pharmaceuticals, Inc. (XERS) | All Stock | $267 million | $2.63 | $2.6 | 215,037 | 11/15/2021 | 1.32% | 4.29% |
Strongbridge Biopharma plc merger details: Expected to close early in the fourth quarter of 2021 for a closing value of $267 million in an all stock deal. Under the terms of the agreement, Strongbridge Shareholders will receive a fixed exchange ratio of 0.7840 Xeris Biopharma Holdings Shares for each Strongbridge Share they own. Strongbridge Shareholders will also receive 1 non-tradeable CVR for each Strongbridge Share they own, worth up to an additional $1.00 payable in cash or Xeris Biopharma Holdings Shares. The minimum payment on the CVR is zero and the maximum payment is $1.00 in cash or Xeris Biopharma Holdings Shares at Xeris Biopharma Holdings’ election. Merger Agreement Strongbridge Biopharma plc Investor Relations Xeris Pharmaceuticals, Inc. Investor Relations Strongbridge Biopharma plc Investor Relations Xeris Pharmaceuticals, Inc. Investor Relations |
+ | KIN | 06/16/2021 | Elanco Animal Health Incorporated (ELAN) | All Cash | $440 million | $9.25 | $9.13 | 967,633 | 09/30/2021 | 1.31% | 7.27% |
Kindred Biosciences, Inc. merger details: Expected to close in the third quarter of 2021 for a closing value of $440 million. Upon completion of the merger, shareholders of Kindred Biosciences will receive $9.25 per share in cash. Merger Agreement Kindred Biosciences, Inc. Investor Relations Elanco Animal Health Incorporated Investor Relations Kindred Biosciences, Inc. Investor Relations Elanco Animal Health Incorporated Investor Relations |
+ | STMP | 07/09/2021 | Thoma Bravo (N/A) | All Cash | $6.6 billion | $330.00 | $325.84 | 214,987 | 09/30/2021 | 1.28% | 7.06% |
Stamps.com Inc. merger details: Expected to close in the third quarter of 2021 for a closing value of $6.6 billion. Upon completion of the merger, shareholders of Stamps.com will receive $330 per share in cash. Stamps.com Inc. Investor Relations |
+ | NWHM | 07/23/2021 | Apollo Global Management (N/A) | All Cash | $338 million | $9.00 | $8.89 | 8,451,149 | 12/31/2021 | 1.24% | 2.86% |
The New Home Company Inc. merger details: Expected to close in the second half of the company’s fiscal year for a closing value of $338 million. Upon completion of the merger, shareholders of The New Home Company will receive $9.00 per share in cash. The New Home Company Investor Relations |
+ | CVA | 07/14/2021 | EQT Infrastructure (N/A) | All Cash | $5.35 billion | $20.25 | $20.01 | 2,008,151 | 12/31/2021 | 1.20% | 2.77% |
Covanta Holding Corporation merger details: Expected to close in the fourth quarter of 2021 for a closing value of $5.35 billion. Upon completion of the merger, shareholders of Covanta will receive $20.25 per share in cash. Covanta Holding Corporation Investor Relations |
+ | CLDR | 06/01/2021 | Clayton, Dubilier & Rice and KKR (N/A) | All Cash | $5.3 billion | $16.00 | $15.82 | 2,398,914 | 12/31/2021 | 1.14% | 2.63% |
Cloudera, Inc. merger details: Expected to close in the second half of 2021 for a closing value of $5.3 billion. Upon completion of the merger, shareholders of Cloudera will receive $16.00 per share in cash. Merger Agreement Cloudera, Inc. Investor Relations |
+ | CADE | 04/12/2021 | BancorpSouth Bank (BXS) | Cash Plus Stock | $2.7 billion | $19.03 | $18.82 | 320,320 | 12/31/2021 | 1.12% | 2.58% |
Cadence Bancorporation merger details: Expected to close in the fourth quarter of 2021 for a closing value of $2.7 billion in an all stock deal. Under the terms of the agreement, Cadence shareholders will receive 0.70 shares of BXS for each share of CADE they own. Additionally, the agreement allows for a one-time special cash dividend to CADE shareholders of $1.25 per share in conjunction with the closing of the merger. Cadence Bancorporation Investor Relations BancorpSouth Bank Investor Relations Cadence Bancorporation Investor Relations BancorpSouth Bank Investor Relations |
+ | USCR | 06/07/2021 | Vulcan Materials Company (VMC) | All Cash | $2.32 billion | $74.00 | $73.23 | 345,636 | 12/31/2021 | 1.05% | 2.43% |
U.S. Concrete, Inc. merger details: Expected to close in the second half of 2021 for a closing value of $2.32 billion. Upon completion of the merger, shareholders of U.S. Concrete will receive $74.00 per share in cash. Merger Agreement U.S. Concrete, Inc. Investor Relations Vulcan Materials Company Investor Relations U.S. Concrete, Inc. Investor Relations Vulcan Materials Company Investor Relations Update(s) July 21, 2021: U.S. Concrete (USCR) and Vulcan (VMC) agreed to voluntarily provide DOJ with additional time in which to review the Merger. On July 21, 2021, Vulcan voluntarily withdrew its pre-merger notification and report form under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. In accordance with the regulations under the HSR Act, Vulcan plans to resubmit its HSR Act filing on or before July 23, 2021, commencing a new 30-day waiting period under the HSR Act. U.S. Concrete and Vulcan continue to work cooperatively with the DOJ staff in their review of the proposed transaction, and continue to expect to complete the transaction in the second half of 2021. |
+ | VER | 04/29/2021 | Realty Income Corporation (O) | All Stock | $17.66 billion | $49.69 | $49.2 | 1,360,585 | 12/31/2021 | 0.99% | 2.29% |
VEREIT, Inc. merger details: Expected to close in the fourth quarter of 2021 for a closing value of $17.66 billion in an all stock deal. Under the terms of the agreement, VEREIT shareholders will receive 0.705 shares of Realty Income stock for every share of VEREIT stock they own. Merger Agreement VEREIT, Inc. Investor Relations Realty Income Corporation Investor Relations VEREIT, Inc. Investor Relations Realty Income Corporation Investor Relations |
+ | CNBKA | 04/07/2021 | Eastern Bankshares, Inc. (EBC) | All Cash | $642 million | $115.28 | $114.21 | 4,388 | 12/31/2021 | 0.94% | 2.16% |
Century Bancorp, Inc. merger details: Expected to close in the fourth quarter of 2021 for a closing value of $642 million. Upon completion of the merger, shareholders of Century Bancorp will receive $115.28 per share in cash. Merger Agreement Century Bancorp, Inc. Investor Relations Eastern Bankshares, Inc. Investor Relations Century Bancorp, Inc. Investor Relations
Eastern Bankshares, Inc. Investor Relations |
+ | SNR | 06/28/2021 | Ventas, Inc. (VTR) | All Stock | $2.3 billion | $9.34 | $9.26 | 637,674 | 12/31/2021 | 0.89% | 2.06% |
New Senior Investment Group Inc. merger details: Expected to close during the second half of 2021 for a closing value of $2.3 billion in an all stock deal. Under the terms of the agreement, New Senior shareholders will receive 0.1561 shares of newly issued Ventas stock per share of New Senior common stock. New Senior Investment Group Inc. Investor Relations Ventas, Inc. Investor Relations New Senior Investment Group Inc. Investor Relations Ventas, Inc. Investor Relations |
+ | PFPT | 04/26/2021 | Thoma Bravo (N/A) | All Cash | $12.3 billion | $176.00 | $174.50 | 1,704,934 | 09/30/2021 | 0.86% | 4.75% |
Proofpoint, Inc. merger details: Expected to close in the third quarter of 2021 for a closing value of $12.3 billion. Upon completion of the merger, shareholders of Proofpoint will receive $176.00 per share in cash. Merger Agreement Proofpoint, Inc. Investor Relations Update(s) June 9, 2021: Proofpoint (PFPT) announced the expiration of the 45-day “go-shop” period under the terms of the previously announced definitive agreement with Thoma Bravo. June 14, 2021: Proofpoint (PFPT) announced that the special meeting of stockholders will be held virtually via the Internet on July 23, 2021. June 14, 2021: The HSR Waiting Period applicable to the consummation of the Merger between Proofpoint (PFPT) and Thoma Bravo expired on June 14, 2021. July 23, 2021: Proofpoint (PFPT) announced that its stockholders voted to approve the acquisition of Proofpoint by Thoma Bravo. |
+ | UFS | 05/11/2021 | Paper Excellence (N/A) | All Cash | $3.02 billion | $55.50 | $55.03 | 393,461 | 12/31/2021 | 0.85% | 1.97% |
Domtar Corporation merger details: Expected to close in the second half of 2021 for a closing value of $3.02 billion. Upon completion of the merger, shareholders of Domtar Corporation will receive $55.50 per share in cash. Merger Agreement Domtar Corporation Investor Relations Update(s) July 8, 2021: Domtar Corporation (UFS) announced that the special meeting of stockholders will be held on July 29, 2021. |
+ | CBB | 03/13/2020 | Macquarie Infrastructure Partners (N/A) | All Cash | $2.9 billion | $15.50 | $15.37 | 120,955 | 09/30/2021 | 0.85% | 4.68% |
Cincinnati Bell Inc. merger details: Expected to close in the first half of 2021 for a closing value of $2.9 billion. Upon completion of the merger, shareholders of Cincinnati Bell will receive $15.50 per share in cash. Merger Agreement Cincinnati Bell Inc. Investor Relations Update(s) April 21, 2020: Leigh Fox, CEO of Cincinnati Bell (CBB) said the coronavirus epidemic has not had any impact on its acquisition by Macquarie Infrastructure Partners. The next step is a May 7 proxy meeting with shareholders, during which they will vote on whether they approve the acquisition. If that vote passes, the acquisition has to go through the federal regulatory process, which will take place over the following months. May 7, 2020: Cincinnati Bell (CBB) announced that its shareholders approved all proposals related to its agreement to be acquired by a controlled subsidiary of Macquarie Infrastructure Partners. June 17, 2021: Cincinnati Bell (CBB) received all regulatory approvals required to complete the acquisition of the Company by an affiliate of Macquarie Infrastructure Partners, other than approval by the California Public Utilities Commission. The proposed merger is now expected to close during the third quarter of 2021. |
+ | LDL | 06/21/2021 | Unifrax (N/A) | All Cash | $1.3 billion | $62.10 | $61.61 | 164,238 | 12/31/2021 | 0.80% | 1.84% |
Lydall, Inc. merger details: Expected to close in the second half of 2021 for a closing value of $1.3 billion. Upon completion of the merger, shareholders of Lydall will receive $62.10 per share in cash. Merger Agreement Lydall, Inc. Investor Relations |
+ | SOGO | 09/29/2020 | Tencent Parties (N/A) | All Cash | $2.19 billion | $8.95 | $8.83 | 2,094,256 | 07/31/2021 | 0.79% | 57.87% |
Sogou Inc. merger details: Expected to close in the fourth quarter of 2020 for a closing value of $2.19 billion. Upon completion of the merger, shareholders of SOGO American Depositary Share will be converted into the right to receive $8.95 net cash per share ($9.00 merger consideration less $0.05 ADS cancellation fee). Merger Agreement Sogou Inc. Investor Relations Update(s) December 1, 2020: Sogou (SOGO) and Tencent Mobility Limited entered into an amendment to Agreement and Plan of Merger, pursuant to which the termination date under the Merger Agreement is extended from March 29, 2021 to July 31, 2021. July 13, 2021: According to Reuters, China’s antitrust regulator unconditionally approved on Tencent Holdings plan to take Sogou (SOGO) private. |
+ | RIVE | 07/01/2021 | Mid Penn Bancorp, Inc. (MPB) | All Stock | $124.7 million | $12.82 | $12.72 | 15,757 | 12/31/2021 | 0.76% | 1.76% |
Riverview Financial Corporation merger details: Expected to close in the fourth quarter of 2021 for a closing value of $124.7 million in an all stock deal. Under the terms of the merger agreement, shareholders of Riverview common stock will receive 0.4833 shares of Mid Penn common stock for each share of Riverview common stock they own. Merger Agreement Riverview Financial Corporation Investor Relations Mid Penn Bancorp, Inc. Investor Relations Riverview Financial Corporation Investor Relations Mid Penn Bancorp, Inc. Investor Relations |
+ | ENBL | 02/17/2021 | Energy Transfer LP (ET) | All Stock | $7.2 billion | $8.60 | $8.54 | 522,740 | 06/30/2021 | 0.64% | 0.00% |
Enable Midstream Partners merger details: Expected to close by mid-2021 for a closing value of $7.2 billion in an all stock deal. Under the terms of the agreement, Enable common unitholders will receive 0.8595 ET common units for each Enable common unit. Merger Agreement Enable Midstream Partners, LP Investor Relations Energy Transfer LP Investor Relations Update(s) April 12, 2021: Energy Transfer (ET) re-filed its HSR Notification after voluntarily withdrawing it on April 8, 2021. May 12, 2021: Shareholders of Enable Midstream Partners (ENBL) approved the company’s merger with Energy Transfer (ET) at a special meeting of shareholders. May 12, 2021: Enable Midstream Partners (ENBL) and Energy Transfer (ET) each received a request for additional information and documentary material from the FTC in connection with the FTC’s review of the transactions contemplated by the Merger Agreement. |
+ | PROS | 01/15/2021 | TowerBrook Capital Partners and Further Global Capital Management (N/A) | All Cash | $586 million | $12.85 | $12.77 | 16,256 | 09/30/2021 | 0.63% | 3.46% |
ProSight Global, Inc. merger details: Expected to close in the third quarter of 2021 for a closing value of $586 million. Upon completion of the merger, shareholders of ProSight Global will receive $12.85 per share in cash. ProSight Global, Inc. Investor Relations |
+ | PFBI | 03/29/2021 | Peoples Bancorp Inc. (PEBO) | All Stock | $292.3 million | $16.77 | $16.67 | 32,438 | 09/30/2021 | 0.59% | 3.24% |
Premier Financial Bancorp, Inc. merger details: Expected to close in the third quarter of 2021 for a closing value of $292.3 million in an all stock deal. Under the terms of the agreement, shareholders of Premier will receive 0.58 shares of Peoples common stock for each share of Premier common stock, and the Merger is expected to qualify as a tax-free reorganization for Premier shareholders. Merger Agreement Premier Financial Bancorp, Inc. Investor Relations Peoples Bancorp Inc. Investor Relations Update(s) July 1, 2021: Premier Financial Bancorp (PFBI) announced that it has received shareholder approval to be acquired by an affiliate of Peoples Bancorp (PEBO). July 23, 2021: Peoples Bancorp (PEBO) announced that it has received all necessary regulatory approvals for the merger between Peoples and Premier Financial Bancorp (PFBI). |
+ | AMRB | 04/19/2021 | Bank of Marin Bancorp (BMRC) | All Stock | $134.5 million | $18.80 | $18.7 | 14,708 | 09/30/2021 | 0.55% | 3.03% |
American River Bankshares merger details: Expected to close in the third quarter of 2021 for a closing value of $134.5 million in an all stock deal. Under the terms of the agreement, AMRB shareholders will receive a fixed exchange ratio of 0.575 shares of BMRC common stock for each share of AMRB common stock outstanding. Merger Agreement American River Bankshares Investor Relations Bank of Marin Bancorp Investor Relations American River Bankshares Investor Relations Bank of Marin Bancorp Investor Relations Update(s) July 21, 2021: American River Bankshares (AMRB) announced that the special meeting of stockholders will be held on July 23, 2021. |
+ | MFNC | 04/13/2021 | Nicolet Bankshares, Inc. (NCBS) | Cash Plus Stock | $248 million | $19.95 | $19.85 | 92,273 | 09/30/2021 | 0.52% | 2.90% |
Mackinac Financial Corporation merger details: Expected to close in the third quarter of 2021 for a closing value of $248 million in a cash plus stock deal. Under the terms of the merger agreement, Mackinac shareholders will have the right to receive 0.22 shares of Nicolet’s common stock and $4.64 for each share of common stock of Mackinac Financial Corporation. Merger Agreement Mackinac Financial Corporation Investor Relations Nicolet Bankshares, Inc. Investor Relations Mackinac Financial Corporation Investor Relations Nicolet Bankshares, Inc. Investor Relations Update(s) July 16, 2021: Shareholders of Mackinac Financial Corporation (MFNC) approved the company’s merger with Nicolet Bankshares (NCBS) at a special meeting of shareholders. |
+ | GRA | 04/26/2021 | Standard Industries Holdings Inc. (N/A) | All Cash | $7 billion | $70.00 | $69.65 | 297,826 | 12/31/2021 | 0.50% | 1.16% |
W. R. Grace & Co. merger details: Expected to close in the fourth quarter of 2021 for a closing value of $7 billion. Upon completion of the merger, shareholders of W. R. Grace will receive $70.00 per share in cash. Merger Agreement W. R. Grace & Co. Investor Relations |
+ | SYKE | 06/18/2021 | Sitel Group (N/A) | All Cash | $2.2 billion | $54.00 | $53.74 | 159,442 | 12/31/2021 | 0.48% | 1.12% |
Sykes Enterprises, Incorporated merger details: Expected to close in the second half of 2021 for a closing value of $2.2 billion. Upon completion of the merger, shareholders of Sykes Enterprises will receive $54.00 per share in cash. Merger Agreement Sykes Enterprises, Incorporated Investor Relations |
+ | WRI | 04/15/2021 | Kimco Realty Corporation (KIM) | Cash Plus Stock | $6.12 billion | $32.19 | $32.04 | 567,922 | 12/31/2021 | 0.47% | 1.08% |
Weingarten Realty Investors merger details: Expected to close during the second half of 2021 for a closing value of $6.12 billion in a cash plus stock deal. Under the terms of the merger agreement, each Weingarten common share will be converted into 1.408 newly issued shares of Kimco common stock plus $2.89 in cash. Merger Agreement Weingarten Realty Investors Investor Relations Kimco Realty Corporation Investor Relations Weingarten Realty Investors Investor Relations Kimco Realty Corporation Investor Relations |
+ | MGLN | 01/04/2021 | Centene Corporation (CNC) | All Cash | $2.2 billion | $95.00 | $94.61 | 81,822 | 12/31/2021 | 0.41% | 0.95% |
Magellan Health, Inc. merger details: Expected to close in the second half of 2021 for a closing value of $2.2 billion. Upon completion of the merger, shareholders of Magellan Health will receive $95 per share in cash. Merger Agreement Magellan Health, Inc. Investor Relations Centene Corporation Investor Relations Update(s) March 31, 2021: Shareholders of Magellan Health (MGLN) approved the company’s merger with Centene Corporation (CNC) at a special meeting of shareholders. |
+ | QTS | 06/07/2021 | Blackstone (BX) | All Cash | $10 billion | $78.00 | $77.69 | 840,509 | 12/31/2021 | 0.40% | 0.92% |
QTS Realty Trust, Inc. merger details: Expected to close in the second half of 2021 for a closing value of $10 billion. Upon completion of the merger, shareholders of QTS Realty Trust will receive $78.00 per share in cash. Merger Agreement QTS Realty Trust, Inc. Investor Relations The Blackstone Group Inc. Investor Relations QTS Realty Trust, Inc. Investor Relations The Blackstone Group Inc. Investor Relations |
+ | PMBC | 03/23/2021 | Banc of California (BANC) | All Stock | $235 million | $8.68 | $8.65 | 22,128 | 09/30/2021 | 0.35% | 1.92% |
Pacific Mercantile Bancorp merger details: Expected to close in the third quarter of 2021 for a closing value of $235 million in an all stock deal. Under the terms of the agreement, holders of Pacific Mercantile common stock will receive 0.5 shares of Banc of California common stock for each share of Pacific Mercantile common stock they own. Merger Agreement Pacific Mercantile Bancorp Investor Relations Banc of California, Inc. Investor Relations Pacific Mercantile Bancorp Investor Relations Banc of California, Inc. Investor Relations Update(s) June 24, 2021: Pacific Mercantile Bancorp (PMBC) announced that it has received shareholder approval to be acquired by Banc of California (BANC). |
+ | EBSB | 04/23/2021 | Independent Bank Corp. (INDB) | All Stock | $1.15 billion | $19.02 | $18.96 | 167,261 | 12/31/2021 | 0.33% | 0.75% |
Meridian Bancorp, Inc. merger details: Expected to close in the fourth quarter of 2021 for a closing value of $1.15 billion in an all stock deal. Under the terms of the agreement, each Meridian stockholder will receive 0.2750 of a share of Independent common stock for each share of Meridian common stock. Meridian Bancorp, Inc. Investor Relations Independent Bank Corp. Investor Relations Meridian Bancorp, Inc. Investor Relations Independent Bank Corp. Investor Relations |
+ | ICON | 06/11/2021 | Iconix Acquisition Corp. (N/A) | All Cash | $585 million | $3.15 | $3.14 | 172,926 | 09/30/2021 | 0.32% | 1.76% |
Iconix Brand Group, Inc. merger details: Expected to close in the third quarter of 2021 for a closing value of $585 million in a ‘go-private’ transaction. Upon completion of the merger, shareholders of Iconix Brand Group will receive $3.15 per share in cash. Merger Agreement Iconix Brand Group, Inc. Investor Relations |
+ | SPWH | 12/21/2020 | The Great American Outdoors Group (N/A) | All Cash | $1.5 billion | $18.00 | $17.95 | 662,707 | 12/31/2021 | 0.28% | 0.64% |
Sportsman’s Warehouse Holdings, Inc. merger details: Expected to close in the second half of 2021 for a closing value of $1.5 billion. Upon completion of the merger, shareholders of Sportsman’s Warehouse Holdings will receive $18.00 per share in cash. Merger Agreement Sportsman’s Warehouse Holdings, Inc. Investor Relations Update(s) February 16, 2021: Sportsman’s Warehouse Holdings (SPWH) announced that the special meeting of its stockholders will be held on March 23, 2020. March 23, 2021: Shareholders of Sportsman’s Warehouse Holdings (SPWH) approved the company’s merger with The Great American Outdoors Group at a special meeting of shareholders. |
+ | VNE | 07/22/2021 | Magna International Inc. (MGA) | All Cash | $3.3 billion | $31.25 | $31.17 | 13,671,023 | 12/31/2021 | 0.26% | 0.59% |
Veoneer, Inc. merger details: Expected to close near the end of 2021 for a closing value of $3.3 billion. Upon completion of the merger, shareholders of Veoneer will receive $31.25 per share in cash. Merger Agreement Veoneer, Inc. Investor Relations Magna International Inc. Investor Relations Veoneer, Inc. Investor Relations Magna International Inc. Investor Relations |
+ | FLY | 03/29/2021 | Carlyle Aviation Partners (N/A) | All Cash | $2.36 billion | $17.05 | $17.01 | 139,392 | 09/30/2021 | 0.24% | 1.30% |
Fly Leasing Ltd merger details: Expected to close in the third quarter of 2021 for a closing value of $2.36 billion. Upon completion of the merger, shareholders of Fly Leasing will receive $17.05 per share in cash. Merger Agreement Fly Leasing Limited Investor Relations Update(s) June 10, 2021: Fly Leasing Limited (FLY) announced that it has received shareholder approval to be acquired by an affiliate of Carlyle Aviation Partners. |
+ | ICBK | 06/22/2021 | Nicolet Bankshares, Inc. (NCBS) | All Stock | $219 million | $33.41 | $33.34 | 13,061 | 12/31/2021 | 0.22% | 0.50% |
County Bancorp, Inc. merger details: Expected to close in the fourth quarter of 2021 for a closing value of $219 million in a cash or stock deal. Under the terms of the merger agreement, County shareholders have the right to receive for each share of County common stock, at the election of each holder and subject to proration, either cash of $37.18 per share of County common stock or 0.48 shares of Nicolet common stock. County shareholder elections will be prorated to ensure the total consideration will consist of approximately 20% cash and approximately 80% Nicolet common stock. Merger Agreement County Bancorp, Inc. Investor Relations Nicolet Bankshares, Inc. Investor Relations County Bancorp, Inc. Investor Relations Nicolet Bankshares, Inc. Investor Relations |
+ | CIT | 10/16/2020 | First Citizens BancShares, Inc. (FCNCA) | All Stock | $2.42 billion | $47.94 | $47.85 | 291,846 | 06/30/2021 | 0.19% | 0.00% |
CIT Group Inc. merger details: Expected to close in the first half of 2021 for a closing value of $2.42 billion in an all stock deal. Under the terms of the agreement, CIT stockholders will receive 0.0620 shares of First Citizens class A common stock for each share of CIT common stock they own. Merger Agreement CIT Group Inc. Investor Relations First Citizens BancShares, Inc. Investor Relations CIT Group Inc. Investor Relations First Citizens BancShares, Inc. Investor Relations Update(s) July 14, 2021: First Citizens BancShares (FCNCA) and CIT Group (CIT) jointly announced that the proposal to merge the two companies has received regulatory approval from the Federal Deposit Insurance Corporation. |
+ | QADA | 06/28/2021 | Thoma Bravo (N/A) | All Cash | $2 billion | $87.50 | $87.34 | 52,587 | 12/31/2021 | 0.18% | 0.42% |
QAD Inc. merger details: Expected to close in the fourth quarter of 2021 for a closing value of $2 billion. Upon completion of the merger, shareholders of QAD will receive $87.50 per share in cash. QAD Inc. Investor Relations |
+ | TLND | 03/10/2021 | Thoma Bravo (N/A) | All Cash | $2.4 billion | $66.00 | $65.91 | 440,605 | 12/31/2021 | 0.14% | 0.32% |
Talend S.A. merger details: Expected to close in the fourth quarter of 2021 for a closing value of $2.4 billion. Upon completion of the merger, shareholders of Talend will receive $66 per share in cash. Merger Agreement Talend S.A. Investor Relations Update(s) April 1, 2021: Thoma Bravo and Talend (TLND) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, for Thoma Bravo’s tender offer for Talend. April 10, 2021: Talend (TLND) announced the expiration of the 30-day “go-shop” period as of April 10, 2021 under the terms of the memorandum of understanding between Talend and Thoma Bravo. |
+ | RBNC | 07/15/2021 | United Community Banks, Inc. (UCBI) | All Stock | $517 million | $28.23 | $28.21 | 30,465 | 03/31/2022 | 0.06% | 0.09% |
Reliant Bancorp, Inc. merger details: Expected to close in the first quarter of 2022 for a closing value of $517 million in an all stock deal. Under the terms of the agreement, shareholders of Reliant Bancorp will receive 0.9842 shares of United common stock for each share of Reliant common stock outstanding. Merger Agreement Reliant Bancorp, Inc. Investor Relations United Community Banks, Inc. Investor Relations Reliant Bancorp, Inc. Investor Relations United Community Banks, Inc. Investor Relations |
+ | PBCT | 02/22/2021 | M&T Bank Corporation (MTB) | All Stock | $7.6 billion | $15.26 | $15.26 | 2,918,588 | 12/31/2021 | 0.01% | 0.01% |
People’s United Financial, Inc. merger details: Expected to close in the fourth quarter of 2021 for a closing value of $7.6 billion in an all stock deal. Under the terms of the agreement, People’s United shareholders will receive 0.118 of a share of M&T common stock for each People’s United share they own. Merger Agreement M&T Bank Corporation Investor Relations People’s United Financial, Inc. Investor Relations M&T Bank Corporation Investor Relations People’s United Financial, Inc. Investor Relations Update(s) May 26, 2021: M&T Bank Corporation (MTB) and People’s United Financial (PBCT) announced that they each received the necessary shareholder approvals for the consummation of the merger of People’s United into M&T. |
+ | BWL-A | 05/28/2021 | Bowlero Corp. (N/A) | All Cash | $42.58 million | $9.13 | $9.13 | 255 | 12/31/2021 | 0.00% | 0.00% |
Bowl America Incorporated merger details: Expected to close in the second half of 2021 for a closing value of $42.58 million. Upon completion of the merger, shareholders of Bowl America will receive $8.53 per share in cash. In addition, the merger agreement contemplates Bowl America declaring a special dividend in accordance with Maryland law following the liquidation of its securities portfolio of $0.60 per share. The payment of this special dividend is contingent upon the closing of the merger. Merger Agreement Bowl America Incorporated Investor Relations |
+ | XOG | 05/10/2021 | Bonanza Creek Energy, Inc. (BCEI) | All Stock | $2.6 billion | $43.59 | $43.59 | 77,967 | 09/30/2021 | 0.00% | -0.02% |
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+ | RPAI | 07/16/2021 | Kite Realty Group Trust (KRG) | All Stock | $4.96 billion | $12.07 | $12.09 | 2,447,936 | 12/31/2021 | -0.13% | -0.31% |
Retail Properties of America, Inc. merger details: Expected to close in the fourth quarter of 2021 for a closing value of $4.96 billion in an all stock deal. Under the terms of the merger agreement, each RPAI common share will be converted into 0.6230 newly issued KRG common shares. Merger Agreement Retail Properties of America, Inc. Investor Relations Kite Realty Group Trust Investor Relations Retail Properties of America, Inc. Investor Relations Kite Realty Group Trust Investor Relations |
+ | CAI | 06/17/2021 | Mitsubishi HC Capital Inc. (N/A) | All Cash | $2.9 billion | $56.00 | $56.1 | 323,850 | 12/31/2021 | -0.18% | -0.41% |
CAI International, Inc. merger details: Expected to close in the fourth quarter of 2021 for a closing value of $2.9 billion. Upon completion of the merger, shareholders of CAI International will receive $56.00 per share in cash. Merger Agreement CAI International, Inc. Investor Relations |
+ | FVCB | 07/14/2021 | Blue Ridge Bankshares, Inc. (BRBS) | All Stock | $113.36 million | $18.95 | $19 | 87,087 | 01/31/2022 | -0.26% | -0.51% |
FVCBankcorp, Inc. merger details: Expected to close in the fourth quarter of 2021 or early in the first quarter of 2022 for a closing value of $113.36 million in an all stock deal. Under the terms of the agreement, FVCB shareholders will receive 1.1492 shares of Blue Ridge common stock for each share of FVCB common stock they own. FVCBankcorp, Inc. Investor Relations Blue Ridge Bankshares, Inc. Investor Relations FVCBankcorp, Inc. Investor Relations Blue Ridge Bankshares, Inc. Investor Relations |
+ | BMTC | 03/10/2021 | WSFS Financial Corporation (WSFS) | All Stock | $976.4 million | $38.94 | $39.07 | 43,024 | 12/31/2021 | -0.33% | -0.75% |
Bryn Mawr Bank Corporation merger details: Expected to close in the fourth quarter of 2021 for a closing value of $976.4 million in an all stock deal. Under the terms of the agreement, stockholders of Bryn Mawr will receive 0.90 of a share of WSFS common stock for each share of Bryn Mawr common stock. Merger Agreement Bryn Mawr Bank Corporation Investor Relations
WSFS Financial Corporation Investor Relations Update(s) June 10, 2021: WSFS Financial Corporation (WSFS) and Bryn Mawr Bank Corporation (BMTC), jointly announced that their respective stockholders approved the previously announced merger of BMTC into WSFS at a special meeting of stockholders for each company. |
+ | CLDB | 06/23/2021 | Farmers National Banc Corp. (FMNB) | All Stock | $124 million | $26.39 | $26.615 | 421 | 12/31/2021 | -0.85% | -1.95% |
Cortland Bancorp merger details: Expected to close in the fourth quarter of 2021 for a closing value of $124 million in a cash or stock deal. Under the terms of the agreement, each shareholder of Cortland may elect to receive either $28.00 per share in cash or 1.75 shares of Farmers’ common stock, subject to an overall limitation of 75% of the shares being exchanged for Farmers shares and 25% for cash. Merger Agreement Farmers National Banc Corp. Investor Relations Cortland Bancorp Inc. Investor Relations Cortland Bancorp Inc. Investor Relations Farmers National Banc Corp. Investor Relations |
+ | RAVN | 06/21/2021 | CNH Industrial N.V (CNHI) | All Cash | $2.1 billion | $58.00 | $58.68 | 439,882 | 12/31/2021 | -1.16% | -2.68% |
Raven Industries, Inc merger details: Expected to close in the fourth quarter of 2021 for a closing value of $2.1 billion. Upon completion of the merger, shareholders of Raven Industries will receive $58 per share in cash. Merger Agreement Raven Industries, Inc. Investor Relations CNH Industrial N.V. Investor Relations |
+ | XEC | 05/24/2021 | Cabot Oil & Gas Corporation (COG) | All Stock | $8.59 billion | $63.35 | $64.55 | 292,621 | 12/31/2021 | -1.86% | -4.29% |
Cimarex Energy Co. merger details: Expected to close in the fourth quarter of 2021 for a closing value of $8.59 billion in an all stock deal. Under the terms of the agreement, Cimarex shareholders will receive 4.0146 shares of Cabot common stock for each share of Cimarex common stock owned. Merger Agreement Cimarex Energy Investor Relations Cabot Oil & Gas Corporation Investor Relations Cimarex Energy Investor Relations Cabot Oil & Gas Corporation Investor Relations |
+ | BPY | 04/01/2021 | Brookfield Asset Management Inc. (BAM) | Special Conditions | $6.5 billion | $18.17 | $18.64 | 1,076,467 | 07/31/2021 | -2.52% | -184.07% |
Brookfield Property Partners L.P. merger details: Expected to close in the third quarter of 2021 for a closing value of $6.5 billion. Under the terms of the agreement, BPY unitholders will have the ability to elect to receive, per BPY unit, $18.17 in cash, 0.3979 of a Brookfield class A limited voting share , or 0.7268 of a BPY preferred unit with a liquidation preference of $25.00 per unit. Pro-ration will be based on a maximum cash consideration of approximately 50% of the total value of the BPY units ($3.27 billion in total cash payable to public unitholders), a maximum amount of Brookfield Shares equal to approximately 42% of the total value of the BPY units (59.3 million Brookfield Shares payable to public unitholders), and a maximum amount of BPY preferred units with a liquidation value of approximately 8% of the total value of the BPY units ($500 million in liquidation preference of BPY preferred units payable to public unitholders). If public unitholders collectively elect to receive in excess of $500 million in liquidation preference of BPY preferred units, the amount of BPY preferred units can increase to a maximum of $1.0 billion in liquidation preference, offset against the maximum amount of Brookfield Shares. The maximum amount of cash consideration would not be affected. Brookfield Property Partners L.P. Investor Relations Brookfield Asset Management Inc. Investor Relations Brookfield Property Partners L.P. Investor Relations Brookfield Asset Management Inc. Investor Relations Update(s) May 27, 2021: Brookfield Property Partners (BPY) announced that the record date for its upcoming special meeting of unitholders to consider Brookfield Asset Management’s (BAM) acquisition of all of the limited partnership units of BPY will be June 8, 2021. The special meeting is expected to take place on July 16, 2021. July 16, 2021: Brookfield Property Partners (BPY) announced that it has received unitholder approval for Brookfield Asset Management’s (BAM) acquisition of all of the limited partnership units of BPY. It is expected that the closing of the transaction will occur prior to the end of July 2021. July 20, 2021: Brookfield Asset Management (BAM) and Brookfield Property Partners (BPY) announced that BPY has obtained a final order from the Ontario Superior Court of Justice approving the previously announced plan of arrangement whereby BAM will acquire all of the limited partnership units of BPY. |
+ | MNR | 05/04/2021 | Equity Commonwealth (EQC) | Cash Plus Stock | $3.4 billion | $17.96 | $18.85 | 850,580 | 12/31/2021 | -4.75% | -10.97% |
Monmouth Real Estate Investment Corporation merger details: Expected to close during the second half of 2021 for a closing value of $3.4 billion in an all stock deal. Under the terms of the agreement, Monmouth shareholders will receive 0.67 shares of Equity Commonwealth stock for every share of Monmouth stock they own. The merger agreement provides for Monmouth to declare and pay one additional regular quarterly common stock dividend of $0.18 per share without Equity Commonwealth paying a corresponding common dividend to its shareholders. Merger Agreement Monmouth Real Estate Investment Corporation Investor Relations Equity Commonwealth Investor Relations Update(s) July 13, 2021: Monmouth Real Estate Investment Corporation (MNR) announced that it received an unsolicited acquisition proposal from a large private investment firm primarily focused on global real estate that participated in the strategic alternatives review process undertaken by Monmouth’s Board of Directors earlier this year and made a proposal to acquire Monmouth as part of that process. Under the terms of its new proposal, the investment firm is proposing to acquire 100% of the outstanding equity of Monmouth for net cash consideration of approximately $18.70 per share of Monmouth Common Stock, reflecting a stated per share purchase price of $19.51 per share, reduced by (i) the termination fee payable by Monmouth to Equity Commonwealth, or EQC, of approximately $62.2 million, or $0.63 per share, if Monmouth terminates the merger agreement it previously entered into with EQC in accordance with its terms to accept the new proposal and (ii) the $0.18 per share dividend on Monmouth’s common stock previously declared by Monmouth’s Board of Directors on July 1, 2021 and payable on or about September 15, 2021. July 16, 2021: Monmouth Real Estate Investment Corporation (MNR) announced that it received an amendment to the unsolicited acquisition proposal it previously received on July 8, 2021. The amendment to the proposal reflects an increase of $0.18 per share in the consideration that would be paid for each share of Monmouth Common Stock, resulting in a net cash consideration of $18.88 per share, reflecting a stated purchase price of $19.51 per share reduced by the termination fee of approximately $62.2 million, or $0.63 per share, if Monmouth terminates the merger agreement it previously entered into with Equity Commonwealth (EQC). July 21, 2021: Starwood Capital Group announced that its affiliate Starwood Real Estate Income Trust has made a proposal to acquire Monmouth Real Estate Investment Corporation (MNR) for $19.51 per Monmouth share reduced by the termination fee owed to Equity Commonwealth (EQC) of $62.2 million or $0.63 per share. July 22, 2021: Monmouth Real Estate Investment Corporation (MNR) announced that its Board of Directors has reaffirmed its unanimous support for the Company’s pending merger with Equity Commonwealth (EQC). |