Merger Arbitrage Tool

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  Symbol Announced Date Acquiring
Company
Deal
Type
Clo.
Value
Clo.
Price
Last
Price
Volume Optionable Div. Yield Clo.
Date
Profit Annu.
Profit
GNW chart 10/23/2016 China Oceanwide Holdings Group Co., Ltd. (N/A) Cash $2.7 billion $5.43 $3.50 6,296,709 Yes N/A 09/30/2020 55.14% 20127.14%

The following funds have a position in Genworth Financial, Inc.:
1. Alpine Global Management, LLC
2. Gabelli Funds LLC
3. Harvest Management LLC
4. Pentwater Capital Management LP
5. TIG Advisors, LLC
6. Tudor Investment Corp ET AL

Genworth Financial, Inc. merger details:

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.

Merger Agreement

Genworth Financial, Inc. Investor Relations

China Oceanwide Holdings Group Co., Ltd. Investor Relations

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July 13, 2017: Genworth Financial (GNW) and China Oceanwide Holdings Group reported that they have withdrawn and re-filed their joint voluntary notice with the Committee on Foreign Investment in the United States (CFIUS) a second time to provide CFIUS more time to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

September 13, 2018: Genworth Financial (GNW) announced it will hold its 2018 Annual Meeting of Stockholders on December 13, 2018, if its proposed merger with China Oceanwide Holdings Group has not yet been completed. On September 14, 2018, Genworth Financial and China Oceanwide Holdings Group announced that they are submitting supplemental information to the regulators who are reviewing their proposed transaction.

October 26, 2018: The Delaware Department of Insurance (DDI) announced it has scheduled a public hearing on November 28, 2018 on the proposed acquisition of control of Delaware-domiciled Genworth Life Insurance Company by entities affiliated with China Oceanwide Holdings Group in connection with the merger of Oceanwide and Genworth Financial (GNW).

November 30, 2018: Genworth Financial (GNW) and China Oceanwide Holdings Group entered into a Seventh Waiver and Agreement pursuant to which they agreed to extend the End Date to January 31, 2019.

December 21, 2108: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that the Delaware Department of Insurance has approved the proposed acquisition of control by Oceanwide of Genworth's Delaware-domiciled insurance company. In addition, Fannie Mae and Freddie Mac have approved Oceanwide's control of Genworth Mortgage Insurance Corporation. Approval from regulators in Australia and New Zealand was also recently received for the proposed transaction.

January 11, 2019: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that the Virginia State Corporation Commission, Bureau of Insurance, reapproved the proposed acquisition of control by Oceanwide of Genworth's Virginia-domiciled insurance companies, Genworth Life and Annuity Insurance Company and Jamestown Life Insurance Company, as contemplated under the merger agreement. 

January 13, 2019: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that the New York State Department of Financial Services has approved the proposed acquisition of control of New York-domiciled Genworth Life Insurance Company of New York by entities affiliated with Oceanwide in connection with the merger of Oceanwide and Genworth.

January 30, 2019: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that they have agreed to an eighth waiver and agreement of each party’s right to terminate the previously announced merger agreement. The eighth waiver and agreement extends the previous deadline of January 31, 2019 to March 15, 2019.

March 14, 2019: Genworth Financial (GNW) and China Oceanwide Holdings announced that they have agreed to a ninth waiver and agreement of each party’s right to terminate the previously announced merger agreement. The ninth waiver and agreement extends the previous deadline of March 15, 2019 to April 30, 2019 in consideration of pending regulatory reviews.

April 29, 2019: Genworth Financial (GNW) and China Oceanwide Holdings announced that they have agreed to a tenth waiver and agreement of each party’s right to terminate the previously announced merger agreement. The tenth waiver and agreement extends the previous deadline of April 30, 2019 to June 30, 2019 in consideration of pending regulatory reviews.

July 1, 2019: Genworth Financial (GNW) and China Oceanwide Holdings announced that they have agreed to a tenth waiver and agreement of each party’s right to terminate the previously announced merger agreement. The tenth waiver and agreement extends the previous deadline of June 30, 2019 to November 30, 2019 in consideration of pending regulatory reviews.

July 25, 2019: Genworth (GNW) has taken the first steps in the sale process of at least the majority of its holding in Genworth MI Canada (MIC CN) which will obviate the requirement to get Canadian regulatory clearance for its own acquistion by China Oceanwide.

August 13, 2019: Genworth Financial (GNW) and Brookfield Business Partners (BBU) announced an agreement for Brookfield Business Partners to purchase Genworth’s majority interest in Genworth MI Canada. In connection with Oceanwide’s consent to the Transaction, Genworth and Oceanwide entered into the 12th Waiver and Agreement extending the merger agreement deadline to not later than December 31, 2019.

October 22, 2019: Genworth Financial (GNW) announced it received feedback from Canadian regulators with respect to the transaction pursuant to which Brookfield Business Partners has agreed to purchase Genworth's majority interest in Genworth MI Canada. Discussions with the Canadian regulators with respect to the acquisition of Genworth by China Oceanwide Holdings Group were focused on national security matters, including data protection and the safeguarding of our customers' information.

December 9, 2019: Genworth Financial (GNW) and Brookfield Business Partners (BBU) announced that Brookfield Business Partners together with its institutional partners has received approval under the Insurance Companies Act (Canada) to purchase Genworth's majority interest in Genworth MI Canada.  With the receipt of this approval, all regulatory approvals required for the completion of this transaction have now been obtained.  The parties expect to complete the Genworth Canada transaction on December 12, 2019.

December 12, 2019: Genworth Financial (GNW) announced the closing of the sale of its majority stake in Genworth MI Canada to Brookfield Business Partners (BBU).

December 23, 2019: Genworth Financial (GNW) and China Oceanwide Holdings Group announced they have agreed to a 13th waiver and agreement of each party’s right to terminate the previously announced merger agreement. The 13th waiver and agreement extends the previous deadline of December 31, 2019 to no later than March 31, 2020.

March 2, 2020: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that they have agreed in principle with the New York State Department of Financial Services (NYDFS) on conditions that are expected to facilitate a reapproval by the NYDFS of the proposed acquisition of control by Oceanwide of Genworth's New York-domiciled insurance company, Genworth Life Insurance Company of New York (GLICNY). Genworth and Oceanwide are targeting closing the transaction on or about March 31, 2020.

March 16, 2020: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that Oceanwide has submitted supplemental materials to the New York State Department of Financial Services (NYDFS) and other U.S. insurance regulators to document the conditions that are expected to facilitate a reapproval by the NYDFS of the proposed acquisition of control by Oceanwide of Genworth's New York-domiciled insurance company, Genworth Life Insurance Company of New York (GLICNY).  

March 24, 2020: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that the New York State Department of Financial Services (NYDFS) has reapproved the proposed acquisition of control by Oceanwide of Genworth's New York-domiciled insurance company, Genworth Life Insurance Company of New York (GLICNY).

March 31, 2020: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that the Virginia State Corporation Commission, Bureau of Insurance has reapproved the proposed acquisition of control by Oceanwide of Genworth's insurance companies domiciled in Virginia. In addition, Genworth and Oceanwide have agreed to a 14th waiver and agreement of each party's right to terminate the previously announced merger agreement. The 14th waiver extends the previous deadline of March 31, 2020 to no later than June 30, 2020. 

June 30, 2020: Genworth Financial (GNW) announced that it is moving forward with plans to address its near-term liabilities and financial obligations, and maximize shareholder value while China Oceanwide Holdings Group finalizes its funding plan for the acquisition of Genworth. Genworth and Oceanwide also announced that they have agreed to a 15th waiver and agreement of each party’s right to terminate the previously announced merger agreement. The 15th waiver extends the previous deadline of June 30, 2020 to no later than September 30, 2020.

July 20, 2020: Genworth Financial (GNW) announced that Genworth has reached an agreement with AXA to settle the dispute between them relating to liability for payment protection insurance mis-selling losses. Genworth and AXA agreed to the settlement following the High Court’s liability judgment dated December 6, 2019 and prior to the High Court issuing its judgment on damages. Tom McInerney, Genworth president and CEO said “These alternatives include a potential debt offering, as well as the ability to prepare for a 19.9% IPO of our U.S. Mortgage Insurance business, subject to market conditions, should our pending transaction with China Oceanwide not close.”

September 1, 2020: Genworth (GNW) confirmed that its Board of Directors and management team determined that Oceanwide has provided satisfactory information regarding its funding plan for the purchase price consideration of approximately $2.7 billion, and Genworth therefore does not intend to exercise its right to terminate the merger agreement as of August 31, 2020.

September 16, 2020: Genworth Financial (GNW) announced that while it continues to work with China Oceanwide Holdings Group toward closing the merger transaction with Oceanwide by September 30, 2020, Genworth has scheduled its 2020 Annual Meeting in order to comply with the New York Stock Exchange listing standards.

Genworth 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.Genworth 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.
GILT chart 01/29/2020 Comtech Telecommunications Corp. (CMTL) Cash Plus Stock $532.5 million $8.36 $5.66 73,768 Yes N/A 10/31/2021 47.77% 43.92%

The following funds have a position in Gilat Satellite Networks Ltd.:
1. Gabelli Funds LLC
2. Gardner Lewis Asset Management L P

Gilat Satellite Networks Ltd. merger details:

Expected to close late in Comtech’s fiscal year 2020 or the first part of its fiscal 2021 for a closing value of $532.5 million in a cash plus stock deal. Under the terms of the agreement, Gilat shareholders will receive total consideration of $10.25 per share, comprised of $7.18 per share in cash and 0.08425 of a share of Comtech common stock for each share of Gilat held.

Merger Agreement

Gilat Satellite Networks Ltd. Investor Relations
Comtech Telecommunications Corp. Investor Relations

Gilat Satellite Networks Ltd. Investor Relations

Comtech Telecommunications Corp. Investor Relations

Update(s)

July 8, 2020: Gilat Satellite Networks (GILT) announced that it was advised that a complaint was filed by Comtech Telecommunications and by its subsidiary, Convoy, against Gilat in the Court of Chancery in the State of Delaware, on a confidential basis, allegedly seeking a declaratory judgment that (i) any unilateral actions taken by Gilat relating to the disposition or restructuring of its subsidiary in Russia or (ii) any unilateral action taken by Gilat concerning Comtech’s pending application to the Russian regulatory authorities, constitute violations of the Merger Agreement between Gilat and Comtech.

July 12, 2020: Gilat Satellite Networks (GILT) announced that an amended complaint was filed by Comtech Telecommunications seeking an additional declaratory judgment that Gilat has suffered a “Material Adverse Effect” as defined in the Merger Agreement, as a result of the Covid-19 pandemic and, as a consequence, Comtech is not required to consummate the merger because certain closing conditions of the Merger Agreement cannot be satisfied. Gilat strongly rejects all such allegations. 

TIF chart 11/25/2019 LVMH Moët Hennessy Louis Vuitton SE (LVMUY) Cash $16.2 billion $135.00 $116.44 825,687 Yes 1.99% 12/31/2020 15.94% 62.56%

The following funds have a position in Tiffany & Co.:
1. Alpine Global Management, LLC
2. Gabelli Funds LLC
3. Gardner Lewis Asset Management L P
4. Harvest Management LLC
5. Magnetar Financial LLC
6. Omni Partners LLP
7. P Schoenfeld Asset Management LP
8. Paulson & Co. Inc
9. Pentwater Capital Management LP
10. Sand Grove Capital Management LLP
11. Scoggin Management LP
12. TIG Advisors, LLC
13. Tudor Investment Corp ET AL
14. Twin Capital Management Inc
15. York Capital Management Global Advisors, LLC

Tiffany & Co. merger details:

Expected to close by mid 2020 for a closing value of $16.2 billion. Upon completion of the merger, shareholders of Tiffany will receive $135 per share in cash.

Merger Agreement

Tiffany & Co. Investor Relations
LVMH Moet Hennessy - Louis Vuitton, Societe Europeenne Investor Relations

Tiffany & Co. Investor Relations

LVMH Moet Hennessy - Louis Vuitton, Societe Europeenne Investor Relations

Update(s)

December 31, 2019: Tiffany (TIF) announced that it will hold a special meeting of its stockholders on February 4, 2020.

February 4, 2020: Tiffany (TIF) announced that at a special meeting of its stockholders, the Company’s stockholders voted to approve the adoption of the previously announced Agreement and Plan of Merger.

March 20, 2020: Tiffany & Co (TIF) pointed to a significant hit to results this year as it temporarily closed stores around the world, and said it had lost about half of its operating days in mainland China since the coronavirus outbreak.

April 8, 2020: According to Reuters, Tiffany (TIF) said that Australian regulators have sought more time to review LVMH's multi-billion dollar purchase of the U.S. jeweler due to the coronavirus outbreak, potentially delaying closure of the deal.

June 9, 2020: Tiffany & Co (TIF) which is being bought by France's LVMH for $16 billion, announced that it has amended some of its debt agreements to gain more financial leeway amid the coronavirus pandemic after its quarterly sales sank 44%.

June 9, 2020: Tiffany & Co (TIF) announced that it has obtained clearance last week for the transaction from the Federal Antimonopoly Service of Russia and were notified in late May that the Mexican competition authority has declared our filing to be complete.

June 12, 2020: The Korea Fair Trade Commission of South Korea formally cleared the Merger. The transaction remains subject to receiving additional regulatory clearances and the satisfaction of other customary closing conditions. Registrant expects to be in a position to close the Merger in the middle of 2020.

June 30, 2020: Since the deal has not yet been completed, we have extended the closing date for the deal to July 31, 2020.

July 3, 2020: The Australian Foreign Investment Review Board issued a notification indicating that it has no objection to the merger of Tiffany (TIF) and LVMH Moët Hennessy Louis Vuitton.

July 25, 2020: Tiffany (TIF) received an additional regulatory approval necessary for the completion of its proposed acquisition by LVMH Moët Hennessy-Louis Vuitton. The State Administration for Market Regulation of China decided that it will not prohibit the Merger. The transaction remains subject to receiving additional regulatory clearances by the European Commission, the Japan Fair Trade Commission, the Mexican competition authority (Comisión Federal de Competencia Económica) and the Taiwan Fair Trade Commission. The transaction also remains subject to the satisfaction or waiver of other customary closing conditions. We have extended the closing date for this deal to September 30, 2020.

August 24, 2020: LVMH Moët Hennessy Louis Vuitton and Tiffany (TIF) announced that they will give themselves another three months to complete their tie-up after the deal did not close on the August 24 date set out in the deal documents. Tiffany has extended the Outside Date to November 24, 2020.

September 9, 2020: LVMH Moët Hennessy Louis Vuitton SE decided to walk away from its planned $16 billion takeover of Tiffany (TIF). Tiffany countered with a lawsuit accusing LVMH of deliberately stalling the completion of the takeover.

September 10, 2020: The Japan Fair Trade Commission and the Mexican competition authority (Comisión Federal de Competencia Económica) granted clearance of the Merger between LVMH Moët Hennessy Louis Vuitton and Tiffany (TIF).

September 18, 2020: According to Reuters, LVMH said that it had submitted its troubled takeover of Tiffany (TIF), which is now at the centre of a legal dispute between the two groups, for EU approval as it seeks to counter accusations that it deliberately stalled antitrust proceedings.

September 22, 2020: Tiffany (TIF) welcomed the decision by the Delaware Chancery Court to grant Tiffany’s motion to expedite its lawsuit against LVMH Moët Hennessy-Louis Vuitton. Tiffany’s lawsuit seeks, among other things, an order requiring LVMH to abide by its contractual obligation under the November 24, 2019 Merger Agreement to complete its acquisition of Tiffany on the previously agreed terms. The Court has set January 5, 2021 to begin a four-day trial.

September 28, 2020: According to Reuters, LVMH countersued Tiffany (TIF), arguing the latter's financial mismanagement in the COVID-19 pandemic permits the French luxury goods giant to walk away from its $16 billion acquisition.

MXIM chart 07/13/2020 Analog Devices, Inc. (ADI) Stock $21 billion $73.49 $67.84 1,793,947 Yes 2.83% 06/30/2021 8.33% 11.09%

The following funds have a position in Maxim Integrated Products, Inc.:
1. Harvest Management LLC

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.

CBMG chart 08/12/2020 CBMG management (N/A) Cash $364.68 million $19.75 $18.33 24,316 Yes N/A 12/31/2020 7.75% 30.40%
Cellular Biomedicine Group, Inc. merger details:

Expected to close for a closing value of $364.68 million. Upon completion of the merger, shareholders of Cellular Biomedicine Group will receive $19.75 per share in cash.

Merger Agreement

Cellular Biomedicine Group, Inc.  Investor Relations

LINX chart 08/11/2020 StoneCo Ltd. (STNE) Special Conditions $912.35 million $6.57 $6.16 82,969 No 0.32% 12/31/2020 6.66% 26.12%
Linx S.A. merger details:

Expected to close for a closing value of $912.35 million. The Transaction will be implemented through a Brazilian merger of shares, whereby each Linx common share will be contributed to STNE in exchange for 1 (one) newly issued STNE Class A preferred share, and 1 (one) STNE newly issued Class B preferred share. Immediately after the Merger, each STNE Class A preferred share will be redeemed for a cash payment of R$30.39, and each STNE Class B preferred share will be redeemed for 0.0126774 Stone Class A share (“Base Exchange Ratio”). The Base Exchange Ratio is calculated on a fully diluted basis (Assumes a number of fully-diluted shares of Linx of 179,043,178) and represents a total consideration of R$33.7625 for each Linx share, considering Stone share price as of August 7, 2020.

Merger Agreement

Linx S.A. Investor Relations
StoneCo Ltd. Investor Relations

Linx S.A. Investor Relations

StoneCo Ltd. Investor Relations

Update(s)

September 1, 2020: StoneCo (STNE) announced that it has entered into revised terms of a definitive agreement for STNE Participações to merge its business with Linx (LINX). The compensation offered by STNE to the shareholders of Linx was increased, so that the shareholders of Linx will receive (i) a portion in cash equal to R$ 31,56, updated pro rata die based on the Interbank Deposit Certificate (CDI) variation as from the sixth (6th) month counted as of August 11, 2020, and (ii) 0,0126774 class A shares of StoneCo traded on NASDAQ. Based on the closing prices as of August 31, 2020, this exchange ratio corresponds to a price per Linx share of R$ 35.10.

Note: Premium members can sort this table by Symbol, Profit, Annualized Profit and Closing Date. Desktop Version

  Symbol Clo. Date Profit Annu. Profit
GNW chart 09/30/2020 55.14% 20127.14%

The following funds have a position in Genworth Financial, Inc.:
1. Alpine Global Management, LLC
2. Gabelli Funds LLC
3. Harvest Management LLC
4. Pentwater Capital Management LP
5. TIG Advisors, LLC
6. Tudor Investment Corp ET AL

Genworth Financial, Inc. merger details:

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.

Merger Agreement

Genworth Financial, Inc. Investor Relations

China Oceanwide Holdings Group Co., Ltd. Investor Relations

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.

September 13, 2018: Genworth Financial (GNW) announced it will hold its 2018 Annual Meeting of Stockholders on December 13, 2018, if its proposed merger with China Oceanwide Holdings Group has not yet been completed. On September 14, 2018, Genworth Financial and China Oceanwide Holdings Group announced that they are submitting supplemental information to the regulators who are reviewing their proposed transaction.

October 26, 2018: The Delaware Department of Insurance (DDI) announced it has scheduled a public hearing on November 28, 2018 on the proposed acquisition of control of Delaware-domiciled Genworth Life Insurance Company by entities affiliated with China Oceanwide Holdings Group in connection with the merger of Oceanwide and Genworth Financial (GNW).

November 30, 2018: Genworth Financial (GNW) and China Oceanwide Holdings Group entered into a Seventh Waiver and Agreement pursuant to which they agreed to extend the End Date to January 31, 2019.

December 21, 2108: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that the Delaware Department of Insurance has approved the proposed acquisition of control by Oceanwide of Genworth's Delaware-domiciled insurance company. In addition, Fannie Mae and Freddie Mac have approved Oceanwide's control of Genworth Mortgage Insurance Corporation. Approval from regulators in Australia and New Zealand was also recently received for the proposed transaction.

January 11, 2019: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that the Virginia State Corporation Commission, Bureau of Insurance, reapproved the proposed acquisition of control by Oceanwide of Genworth's Virginia-domiciled insurance companies, Genworth Life and Annuity Insurance Company and Jamestown Life Insurance Company, as contemplated under the merger agreement. 

January 13, 2019: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that the New York State Department of Financial Services has approved the proposed acquisition of control of New York-domiciled Genworth Life Insurance Company of New York by entities affiliated with Oceanwide in connection with the merger of Oceanwide and Genworth.

January 30, 2019: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that they have agreed to an eighth waiver and agreement of each party’s right to terminate the previously announced merger agreement. The eighth waiver and agreement extends the previous deadline of January 31, 2019 to March 15, 2019.

March 14, 2019: Genworth Financial (GNW) and China Oceanwide Holdings announced that they have agreed to a ninth waiver and agreement of each party’s right to terminate the previously announced merger agreement. The ninth waiver and agreement extends the previous deadline of March 15, 2019 to April 30, 2019 in consideration of pending regulatory reviews.

April 29, 2019: Genworth Financial (GNW) and China Oceanwide Holdings announced that they have agreed to a tenth waiver and agreement of each party’s right to terminate the previously announced merger agreement. The tenth waiver and agreement extends the previous deadline of April 30, 2019 to June 30, 2019 in consideration of pending regulatory reviews.

July 1, 2019: Genworth Financial (GNW) and China Oceanwide Holdings announced that they have agreed to a tenth waiver and agreement of each party’s right to terminate the previously announced merger agreement. The tenth waiver and agreement extends the previous deadline of June 30, 2019 to November 30, 2019 in consideration of pending regulatory reviews.

July 25, 2019: Genworth (GNW) has taken the first steps in the sale process of at least the majority of its holding in Genworth MI Canada (MIC CN) which will obviate the requirement to get Canadian regulatory clearance for its own acquistion by China Oceanwide.

August 13, 2019: Genworth Financial (GNW) and Brookfield Business Partners (BBU) announced an agreement for Brookfield Business Partners to purchase Genworth’s majority interest in Genworth MI Canada. In connection with Oceanwide’s consent to the Transaction, Genworth and Oceanwide entered into the 12th Waiver and Agreement extending the merger agreement deadline to not later than December 31, 2019.

October 22, 2019: Genworth Financial (GNW) announced it received feedback from Canadian regulators with respect to the transaction pursuant to which Brookfield Business Partners has agreed to purchase Genworth's majority interest in Genworth MI Canada. Discussions with the Canadian regulators with respect to the acquisition of Genworth by China Oceanwide Holdings Group were focused on national security matters, including data protection and the safeguarding of our customers' information.

December 9, 2019: Genworth Financial (GNW) and Brookfield Business Partners (BBU) announced that Brookfield Business Partners together with its institutional partners has received approval under the Insurance Companies Act (Canada) to purchase Genworth's majority interest in Genworth MI Canada.  With the receipt of this approval, all regulatory approvals required for the completion of this transaction have now been obtained.  The parties expect to complete the Genworth Canada transaction on December 12, 2019.

December 12, 2019: Genworth Financial (GNW) announced the closing of the sale of its majority stake in Genworth MI Canada to Brookfield Business Partners (BBU).

December 23, 2019: Genworth Financial (GNW) and China Oceanwide Holdings Group announced they have agreed to a 13th waiver and agreement of each party’s right to terminate the previously announced merger agreement. The 13th waiver and agreement extends the previous deadline of December 31, 2019 to no later than March 31, 2020.

March 2, 2020: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that they have agreed in principle with the New York State Department of Financial Services (NYDFS) on conditions that are expected to facilitate a reapproval by the NYDFS of the proposed acquisition of control by Oceanwide of Genworth's New York-domiciled insurance company, Genworth Life Insurance Company of New York (GLICNY). Genworth and Oceanwide are targeting closing the transaction on or about March 31, 2020.

March 16, 2020: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that Oceanwide has submitted supplemental materials to the New York State Department of Financial Services (NYDFS) and other U.S. insurance regulators to document the conditions that are expected to facilitate a reapproval by the NYDFS of the proposed acquisition of control by Oceanwide of Genworth's New York-domiciled insurance company, Genworth Life Insurance Company of New York (GLICNY).  

March 24, 2020: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that the New York State Department of Financial Services (NYDFS) has reapproved the proposed acquisition of control by Oceanwide of Genworth's New York-domiciled insurance company, Genworth Life Insurance Company of New York (GLICNY).

March 31, 2020: Genworth Financial (GNW) and China Oceanwide Holdings Group announced that the Virginia State Corporation Commission, Bureau of Insurance has reapproved the proposed acquisition of control by Oceanwide of Genworth's insurance companies domiciled in Virginia. In addition, Genworth and Oceanwide have agreed to a 14th waiver and agreement of each party's right to terminate the previously announced merger agreement. The 14th waiver extends the previous deadline of March 31, 2020 to no later than June 30, 2020. 

June 30, 2020: Genworth Financial (GNW) announced that it is moving forward with plans to address its near-term liabilities and financial obligations, and maximize shareholder value while China Oceanwide Holdings Group finalizes its funding plan for the acquisition of Genworth. Genworth and Oceanwide also announced that they have agreed to a 15th waiver and agreement of each party’s right to terminate the previously announced merger agreement. The 15th waiver extends the previous deadline of June 30, 2020 to no later than September 30, 2020.

July 20, 2020: Genworth Financial (GNW) announced that Genworth has reached an agreement with AXA to settle the dispute between them relating to liability for payment protection insurance mis-selling losses. Genworth and AXA agreed to the settlement following the High Court’s liability judgment dated December 6, 2019 and prior to the High Court issuing its judgment on damages. Tom McInerney, Genworth president and CEO said “These alternatives include a potential debt offering, as well as the ability to prepare for a 19.9% IPO of our U.S. Mortgage Insurance business, subject to market conditions, should our pending transaction with China Oceanwide not close.”

September 1, 2020: Genworth (GNW) confirmed that its Board of Directors and management team determined that Oceanwide has provided satisfactory information regarding its funding plan for the purchase price consideration of approximately $2.7 billion, and Genworth therefore does not intend to exercise its right to terminate the merger agreement as of August 31, 2020.

September 16, 2020: Genworth Financial (GNW) announced that while it continues to work with China Oceanwide Holdings Group toward closing the merger transaction with Oceanwide by September 30, 2020, Genworth has scheduled its 2020 Annual Meeting in order to comply with the New York Stock Exchange listing standards.

Genworth 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.Genworth 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.
GILT chart 10/31/2021 47.77% 43.92%

The following funds have a position in Gilat Satellite Networks Ltd.:
1. Gabelli Funds LLC
2. Gardner Lewis Asset Management L P

Gilat Satellite Networks Ltd. merger details:

Expected to close late in Comtech’s fiscal year 2020 or the first part of its fiscal 2021 for a closing value of $532.5 million in a cash plus stock deal. Under the terms of the agreement, Gilat shareholders will receive total consideration of $10.25 per share, comprised of $7.18 per share in cash and 0.08425 of a share of Comtech common stock for each share of Gilat held.

Merger Agreement

Gilat Satellite Networks Ltd. Investor Relations
Comtech Telecommunications Corp. Investor Relations

Gilat Satellite Networks Ltd. Investor Relations

Comtech Telecommunications Corp. Investor Relations

Update(s)

July 8, 2020: Gilat Satellite Networks (GILT) announced that it was advised that a complaint was filed by Comtech Telecommunications and by its subsidiary, Convoy, against Gilat in the Court of Chancery in the State of Delaware, on a confidential basis, allegedly seeking a declaratory judgment that (i) any unilateral actions taken by Gilat relating to the disposition or restructuring of its subsidiary in Russia or (ii) any unilateral action taken by Gilat concerning Comtech’s pending application to the Russian regulatory authorities, constitute violations of the Merger Agreement between Gilat and Comtech.

July 12, 2020: Gilat Satellite Networks (GILT) announced that an amended complaint was filed by Comtech Telecommunications seeking an additional declaratory judgment that Gilat has suffered a “Material Adverse Effect” as defined in the Merger Agreement, as a result of the Covid-19 pandemic and, as a consequence, Comtech is not required to consummate the merger because certain closing conditions of the Merger Agreement cannot be satisfied. Gilat strongly rejects all such allegations. 

TIF chart 12/31/2020 15.94% 62.56%

The following funds have a position in Tiffany & Co.:
1. Alpine Global Management, LLC
2. Gabelli Funds LLC
3. Gardner Lewis Asset Management L P
4. Harvest Management LLC
5. Magnetar Financial LLC
6. Omni Partners LLP
7. P Schoenfeld Asset Management LP
8. Paulson & Co. Inc
9. Pentwater Capital Management LP
10. Sand Grove Capital Management LLP
11. Scoggin Management LP
12. TIG Advisors, LLC
13. Tudor Investment Corp ET AL
14. Twin Capital Management Inc
15. York Capital Management Global Advisors, LLC

Tiffany & Co. merger details:

Expected to close by mid 2020 for a closing value of $16.2 billion. Upon completion of the merger, shareholders of Tiffany will receive $135 per share in cash.

Merger Agreement

Tiffany & Co. Investor Relations
LVMH Moet Hennessy - Louis Vuitton, Societe Europeenne Investor Relations

Tiffany & Co. Investor Relations

LVMH Moet Hennessy - Louis Vuitton, Societe Europeenne Investor Relations

Update(s)

December 31, 2019: Tiffany (TIF) announced that it will hold a special meeting of its stockholders on February 4, 2020.

February 4, 2020: Tiffany (TIF) announced that at a special meeting of its stockholders, the Company’s stockholders voted to approve the adoption of the previously announced Agreement and Plan of Merger.

March 20, 2020: Tiffany & Co (TIF) pointed to a significant hit to results this year as it temporarily closed stores around the world, and said it had lost about half of its operating days in mainland China since the coronavirus outbreak.

April 8, 2020: According to Reuters, Tiffany (TIF) said that Australian regulators have sought more time to review LVMH's multi-billion dollar purchase of the U.S. jeweler due to the coronavirus outbreak, potentially delaying closure of the deal.

June 9, 2020: Tiffany & Co (TIF) which is being bought by France's LVMH for $16 billion, announced that it has amended some of its debt agreements to gain more financial leeway amid the coronavirus pandemic after its quarterly sales sank 44%.

June 9, 2020: Tiffany & Co (TIF) announced that it has obtained clearance last week for the transaction from the Federal Antimonopoly Service of Russia and were notified in late May that the Mexican competition authority has declared our filing to be complete.

June 12, 2020: The Korea Fair Trade Commission of South Korea formally cleared the Merger. The transaction remains subject to receiving additional regulatory clearances and the satisfaction of other customary closing conditions. Registrant expects to be in a position to close the Merger in the middle of 2020.

June 30, 2020: Since the deal has not yet been completed, we have extended the closing date for the deal to July 31, 2020.

July 3, 2020: The Australian Foreign Investment Review Board issued a notification indicating that it has no objection to the merger of Tiffany (TIF) and LVMH Moët Hennessy Louis Vuitton.

July 25, 2020: Tiffany (TIF) received an additional regulatory approval necessary for the completion of its proposed acquisition by LVMH Moët Hennessy-Louis Vuitton. The State Administration for Market Regulation of China decided that it will not prohibit the Merger. The transaction remains subject to receiving additional regulatory clearances by the European Commission, the Japan Fair Trade Commission, the Mexican competition authority (Comisión Federal de Competencia Económica) and the Taiwan Fair Trade Commission. The transaction also remains subject to the satisfaction or waiver of other customary closing conditions. We have extended the closing date for this deal to September 30, 2020.

August 24, 2020: LVMH Moët Hennessy Louis Vuitton and Tiffany (TIF) announced that they will give themselves another three months to complete their tie-up after the deal did not close on the August 24 date set out in the deal documents. Tiffany has extended the Outside Date to November 24, 2020.

September 9, 2020: LVMH Moët Hennessy Louis Vuitton SE decided to walk away from its planned $16 billion takeover of Tiffany (TIF). Tiffany countered with a lawsuit accusing LVMH of deliberately stalling the completion of the takeover.

September 10, 2020: The Japan Fair Trade Commission and the Mexican competition authority (Comisión Federal de Competencia Económica) granted clearance of the Merger between LVMH Moët Hennessy Louis Vuitton and Tiffany (TIF).

September 18, 2020: According to Reuters, LVMH said that it had submitted its troubled takeover of Tiffany (TIF), which is now at the centre of a legal dispute between the two groups, for EU approval as it seeks to counter accusations that it deliberately stalled antitrust proceedings.

September 22, 2020: Tiffany (TIF) welcomed the decision by the Delaware Chancery Court to grant Tiffany’s motion to expedite its lawsuit against LVMH Moët Hennessy-Louis Vuitton. Tiffany’s lawsuit seeks, among other things, an order requiring LVMH to abide by its contractual obligation under the November 24, 2019 Merger Agreement to complete its acquisition of Tiffany on the previously agreed terms. The Court has set January 5, 2021 to begin a four-day trial.

September 28, 2020: According to Reuters, LVMH countersued Tiffany (TIF), arguing the latter's financial mismanagement in the COVID-19 pandemic permits the French luxury goods giant to walk away from its $16 billion acquisition.

MXIM chart 06/30/2021 8.33% 11.09%

The following funds have a position in Maxim Integrated Products, Inc.:
1. Harvest Management LLC

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.

CBMG chart 12/31/2020 7.75% 30.40%
Cellular Biomedicine Group, Inc. merger details:

Expected to close for a closing value of $364.68 million. Upon completion of the merger, shareholders of Cellular Biomedicine Group will receive $19.75 per share in cash.

Merger Agreement

Cellular Biomedicine Group, Inc.  Investor Relations

LINX chart 12/31/2020 6.66% 26.12%
Linx S.A. merger details:

Expected to close for a closing value of $912.35 million. The Transaction will be implemented through a Brazilian merger of shares, whereby each Linx common share will be contributed to STNE in exchange for 1 (one) newly issued STNE Class A preferred share, and 1 (one) STNE newly issued Class B preferred share. Immediately after the Merger, each STNE Class A preferred share will be redeemed for a cash payment of R$30.39, and each STNE Class B preferred share will be redeemed for 0.0126774 Stone Class A share (“Base Exchange Ratio”). The Base Exchange Ratio is calculated on a fully diluted basis (Assumes a number of fully-diluted shares of Linx of 179,043,178) and represents a total consideration of R$33.7625 for each Linx share, considering Stone share price as of August 7, 2020.

Merger Agreement

Linx S.A. Investor Relations
StoneCo Ltd. Investor Relations

Linx S.A. Investor Relations

StoneCo Ltd. Investor Relations

Update(s)

September 1, 2020: StoneCo (STNE) announced that it has entered into revised terms of a definitive agreement for STNE Participações to merge its business with Linx (LINX). The compensation offered by STNE to the shareholders of Linx was increased, so that the shareholders of Linx will receive (i) a portion in cash equal to R$ 31,56, updated pro rata die based on the Interbank Deposit Certificate (CDI) variation as from the sixth (6th) month counted as of August 11, 2020, and (ii) 0,0126774 class A shares of StoneCo traded on NASDAQ. Based on the closing prices as of August 31, 2020, this exchange ratio corresponds to a price per Linx share of R$ 35.10.

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