Summary $5.35 share : $340 mm total $340 mm total $109 mm in cash Balance in Accredited stock Subject to cash election LEND stock chart Announced 5.24.06 Press release Slide presentation Form 8-K deal summary Seeking a buyer 5.10.06 Background to the Merger Closed 10.02.06 Form 15 Press release Form 8-K Advisors [more...]
ABN AMRO (ABN) Barclays / RBS Consortium / Bank of America (BoA) Competing Offers / Deal Litigation Summary ABN announced an $88B merger with Barclays One of the largest-ever M&A deals ABN also agreed to sell LaSalle Bank to BoA for $21B ABN then got a competing offer from a consortium led by Royal Bank of Scotland (RBS) BoA then sued ABN [more...]
Summary Deal terms $30 per share ACE has 30 days to solicit competing offers Announced 6.07.06 Press release Slide presentation Form 8-K deal summary Seeking a buyer 5.10.06 Closed 10.05.06 Form 15 Form 8-K Advisors Advisors Buyout group: ACE: JP Morgan / DLA Piper Rudnick Aames: Credit Suisse / Sullivan [more...]
Acxiom (ACXM) Silver Lake / ValueAct Capital $3.0B Buyout Summary Buyout of data, services and technologies integrator $27.10 per ACXM share; $3.0B total ACXMstock chart Announced 5.16.07 Press release Form 8-K Developments MMI Investments opposes the price of $27.10 per share as being inadequate and unfair to stockholders Claims [more...]
Adesa (KAR) $3.7B Buyout Summary Buyout of auto auction - dealer finance company By buyout group $27.85 per KAR share: $3.7B total KARnews - stock chart Announced 12.22.06 Press release Form 8-K Background to the Merger Developments HSR Act clearance 1.24.07 Shareholder meeting scheduled 2.16.07 Investor presentation [more...]
Summary Formation of Leading Media Services Company $37 per share: $1.3B total VCI stock chart Background to the Merger Announced 7.05.06 Press release Form 8-K Proceedings scheduled to begin 12.11.06 Advo sues Valassis to enforce merger agreement 9.08.06 Advo responds to Valassis' meritless claims 9.01.06 Advo says [more...]
Aeroflex Incorporated (ARXX) General Atlantic / Francisco Partners $1.0B Buyout Summary Buyout of microelectronic and test solutions company $13.50 per ARXX share; $1B total ARXXnews - stock chart Announced 3.02.07 Press release Form 8-K Background Competing offer 5.22.07 Veritas Capital offers $14.50 / $1.1B total value [more...]
Affiliated Computer Services Inc. (ACS) $5.93B Management-Led Buyout Proposal Summary Proposed buyout of information services company $59.25 per ACS share $5.9B equity value; $8.2B enterprise value Business description ACS news - stock chart Buyout proposed by Darwin Deason and Cerberus Deason is ACS' Chairman and founder Controls 41.6% of [more...]
Alabama National BanCorporation (ALAB) Royal Bank of Canada (RY) $1.6B Cash Election Merger Summary RBC acquires a US regional banking company $80 per share; $1.6B total ALAB was merged into RBC Centura Banks, Inc., a wholly owned subsidiary of Royal Bank of Canada, or RBC RYstock chart Announced 9.06.07 Press release Form 8-K Background of [more...]
Albertson's, Inc. (ABS) $11.3B Buyout Summary Grocery chain to be split up among buyers Supervalu, CVS, Cerberus-led investor group Supervalu to acquire most of Albertson's stores For $6.3B in stock and cash; Assume $6.1B in debt Will become 2nd largest US grocery chain Summary Background SVU stock chart Announced 1.23.06 [more...]
Alcan Inc (AL) Alcoa Inc (AA) $33B Unsolicited Offer Summary Alcoa makes a $33B unsolicited offer for Alcan $73.25 per Alcan share $58.60 plus 0.4108 AA share Alcoa news - stock chart Alcan news - stock chart Announced 5.07.07 Press release Slide presentation Financing commitment letter Advisors Financial [more...]
Aleris International, Inc. (ARS) $1.7B Buyout Summary $1.7B buyout by Texas Pacific Group At $52.50 per share $3.3B, including assumed debt ARS stock charts: 5 year 1 year [more...]
Alliance Data Systems Corp (ADS) Blackstone Capital Partners $7.8B Buyout Summary Buyout of marketing support company $81.75 per ADS share; $7.8B total ADSstock chart Announced 5.17.07 Press release Form 8-K Background of the Merger Stockholder approve merger 8.08.07 Press release Form 8-K Restriction to buy shares in advance [more...]
Alltel (AT) TPG Capital / GS Partners $27.5B Buyout Summary Buyout of Nation's largest independent wireless network $71.50 per AT share; $27.5B total AT stock chart Announced 5.20.07 Press release Background of the Merger Shareholders approve purchase 8.29.07 Press release Developments Merger expected to close before year end, [more...]
American Financial Realty Trust (AFR) Gramercy Capital Corp (GKK) $3.4B REIT PE Summary Commercial RE specialty finance buys REIT $5.50 cash, 0.12096; $3.4B total AFRstock chart GKKstock chart Announced 11.05.07 Press release Form 8-K Merger approved 2.13.08 Press release Advisors Financial AFR : Banc of [more...]
AmerUs Group, Co. (AMH) Aviva plc $2.9B Cross-Border Cash Merger Summary World's fifth largest insurance group to buy US annuity and life insurance company $69 per AMH share: $2.9B total Announced 7.13.06 Press release Form 8-K Background to the Merger Developments Shareholders approve 10.19.06 Closed 11.15.06 Form 15 [more...]
AMIS Holdings (AMIS) ON Semiconductor (ONNN) $915mm Summary Power semiconductor firm purchases silicon semiconductor firm 1.150 ONNN per AMIS share valued at $10.14 per AMIS share ; $915mm total AMISstock chart Announced 12.13.07 Press release Form 8-K Advisors Financial AMIS : Goldman Sachs ONNN : [more...]
AmSouth Bancorporation (ASO) - Regions Financial Corp. (RF) $10.3B Stock Merger Summary Merger of two Alabama-based banking companies Creates a top ten US bank with a $26B market cap RF stock chart Background Deal has been long rumored, because of geographic overlap Both companies are headquartered in Birmingham AL Deal terms Fixed exchange [more...]
Summary Merger of network infrastructure companies management software company Pro forma ownership: ADC: 56% / Andrew: 44% Company to be called ADC Andrew 8:4 board split ADCT stock chart Announced 5.31.06 Press release Slide presentation Developments S-4 filed 6.28.06 HSR Act early termination 7.05.06 CommScope Competing Offer [more...]
Andrx Corporation (ADRX) Watson Pharmaceuticals, Inc. (WPI) $1.9B Cash Merger Summary One generic drug company to buy another $25 per ADRX share $1.9B total WPI stock chart Background to the Merger Financing Announced 3.13.06 Press release Deal summary Slide presentation Form 8-K Internal messages Closed 9.07.06 Form 15 [more...]
Aquila, Inc (ILA) Great Plains Energy, Inc (BKH) $1.7B Summary ----- $1.80 per share plus 0.0856 BKH shares; $1.7B total ILAstock chart BKHstock chart Announced 2.07.07 Press release Form 8-K Background of the merger Advisors Financial ILA : Blackstone Group / Lehman Brothers Aquila Board : Evercore Group [more...]
ARAMARK Corporation (RMK) $6.3B Management-Led Buyout Summary Management-led group offers $33.80 per share $6.3B equity value, $8.3B including assumed debt Offer from CEO and private equity funds Joseph Neubauer is CEO - controlling shareholder Owns 39.6% of Class A common (10 votes per share) Owns 16.8% of Class B common (1 votes per [more...]
Assured Guaranty Ltd http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001273813&owner=exclude&count=40 WL Ross & Co. has agreed to invest up to $1 billion in bond insurer Assured Guaranty Ltd. (NYSE: AGO). The deal includes an initial purchase of $250 million in common shares, and a commitment to purchase another $750 million in common shares at the company's [more...]
Asyst Technologies, Inc. Asyst Technologies, Inc. Asyst Technologies, Inc. (ASYT) Gores Group LLC $298 mm Bear Hug Offer Bear Hug Offer Bear [more...]
Summary $16 billion acquisition Combines AT&Ts national and global IP-based networks with SBCs local exchange, broadband and wireless assets Stock merger with a special cash dividend Avoids need for SBC shareholder vote per NYSE Rule 312 As shares issued are less than 20% of SBC's outstanding Background through 5.20.05 [more...]
Avaya (AV) Silver Lake / TPG Capital $8.2B Buyout Summary Communications company buyout by investment firms $17.50 per AV share; $8.2B total AVstock chart Announced 6.04.07 Press release Form 8-K Closed 10.26.07 Press release Form 8-K Form 25 Advisors Financial AV: Credit Suisse Silver Lake / TPG: Citi [more...]
Axcelis Technologies Inc. (ACLS) Sumitomo Heavy Industries (SHI) / TPG Capital $544 mm Bear Hug Offer Bear Hug Offer SHI and TPG make bear hug offer for ACLS $5.20 per share; $544mm total Rejected by ACLS board ACLS news - stock chart Announced 2.25.08 ACLS press release ACLS slide presentation Advisors [more...]
Banta Corporation (BN) R.R. Donnelley & Sons Company (RRD) $1.3B Cash Merger Summary Leading printer acquires another printer $36.50 per BN share: $1.3B total Excludes BN's recently declared $16 special dividend BN news - stock chart Expands RRD's printing, digital imaging, content management Announced 10.31.06 Press release Form 8-K [more...]
Bausch & Lomb (BOL) Warburg Pincus Advanced Medical Optics - Competing Offer $4.5B Buyout Summary Buyout of leading eye health company by Warburg Pincus $65 per BOL share; $4.5B plus 830m in debt total 50 day go shop provision BOLstock chart Announced 5.16.07 Press release Form 8-K Background of the Merger Tender offer with [more...]
BCE (BCE) Teachers Private Capital , Providence Equity and Madison Dearborn $48.5B Buyout Summary Investor Group to acquire Canada's largest communications company $40.13 per BCE share; $48.5B total BCEstock chart Announced 6.30.07 Press release Shareholders approve acquisition 9.21.07 Press release Form 6-K CRTC scheduled to [more...]
BEA Systems (BEAS) Oracle Corp (ORCL) $8.5B Summary Software company buys infrastructure software firm $19.375 per share; $8.5B total BEASstock chart Announced 1.16.08 Press release Form 8-K Background of the merger Advisors Financial BEAS : Goldman Sachs Legal BEAS : Wachtell Lipton ORCL : [more...]
BellSouth Corporation (BLS) AT&T Inc. (T) $67B Stock Merger Summary AT&T to acquire BellSouth for $67B in stock Largest M&A deal since AOL-Time Warner 2000 One of the largest-ever US M&A deals Follows SBC's acquiring AT&T and assuming its name Combines owners of Cingular wireless joint venture AT&T plans to create [more...]
BPC Apollo Management / Graham Partners $2.25B Summary Secondary buyout of BPC Holding Parent holding company of Berry Plastics Buyers Apollo Management Graham Partners Sellers Goldman Sachs Capital Partners JPMorgan Partners $2.25B enterprise value Rigid plastic packaging products [more...]
Biomet (BMET) $10.9B Buyout Summary Buyout of orthopedics products company $44 per BMET share; $10.9B total BMETnews -stock chart Background As of 6.13.07 Announced 12.18.06 Press release Earnings release delayed Form 8-K Closed 9.25.07 Press release Form 8-K Form 25 Form 15 Developments Nasdaq delisting notice 1.12.07 [more...]
New York Board of Trade (NYBOT) IntercontinentalExchange (ICE) Stock-Cash Merger Summary Will create a leading energy and commodities exchange $1B stock-cash merger 10.3MM ICE shares, plus $400mmlet ICEstock chart Announced 9.14.06 Press release Slide presentation Conference call transcript Form 8-K Background of the Merger [more...]
Bright Horizons Family Solutions (BFAM) Bain Capital Partners $1.3B Private Equity Summary Private investment firm buys childcare company $48.25 share; $1.3B total BFAMstock chart Announced 1.14.08 Press release Form 8-K Advisors Financial BFAM / Special Committee: Goldman Sachs / Evercore Legal [more...]
Broadwing Corporation (BWNG) Level 3 Communications, Inc. (LVLT) $1.4B Stock-Cash Merger Summary Internet backbone company to acquire optical network communications services company 1.3411 Level 3 shares plus $8.18, per BWNG share 122 mm LVLT shares, plus $744mm cash LVLT stock chart Announced 10.17.06 Press release Form 8-K [more...]
Bronco Drilling Co (BRNC) Allis-Chalmers (ALY) 437.8mm Summary Oilfield company buys drilling company $16.33 per share; $ total BRNCstock chart Announced 1.24.08 Press release Form 8-K Advisors Financial BRNC : Johnson Rice & Co ALY : RBC Capital Markets Legal BRNC : Akin Gump [more...]
Cablevision Systems Corporation (CVC) $22B Management-Led Buyout Summary Increased offer from Dolan family is finally accepted $36.26 per CVC share; $22B enterprise value CVC news - stock chart One year stock price / Five year stock price CVC business homepage Dolan family has 22.5% of common equity, but 74.0% of the vote By virtue of owning 100% [more...]
Caremark Rx, Inc. (CMX) CVS Corporation (CVS) $44B Merger of Equals - Competing Offer Summary Creates an integrated pharmacy services provider By combining the largest US pharmacy chain with one of the largest prescription benefit managers Styled as a merger of equals Although many are calling deal a low-premium acquisition of Caremark by [more...]
Catalina Marketing Corporation (POS) $1.7B Buyout Summary Buyout of marketing support company by ValueAct Capital $32.10 per POS share; $1.7B enterprise value POS news - stock chart Follows bear hug offer made on 2.20.07 ValueAct is a 15.5% holder and has a board seat Announced 3.08.07 Press release Form 8-K Closed 10.01.07 Press [more...]
CBOT Holdings, Inc. (BOT) Chicago Mercantile Exchange Holdings Inc. (CME) $8B Cash Election Merger Summary Creates world's largest derivatives trading market Combined company will have a $25 market cap Compare NYSE's market cap: $11.5B BOTstock chart Announced 10.17.06 Press release Slide presentation Form 8-K [more...]
CDW Corp (CDWC) Madison Dearborn Partners $7.3B Buyout Summary Nation's largest wireless network to be acquired $87.75 per CDW share; $7.35B total CDW news - stock chart Announced 5.29.07 Press release Form 8-K Background of the Merger Closed 8.09.07 Press release Form 8-K Form 25 Shareholders approve merger 8.09.07 Press [more...]
Ceridian Corporation (CEN) Thomas H. Lee Partners / Fidelity National Financial (FNF) $5.3B Buyout Summary Joint acquisition by private equity firm and title insurer Ceridian is a human resources outsourcing company $36 per share; $5.3B total CENnews - stock chart Announced 5.30.07 Press release Form 8-K Developments Amendment #1 to [more...]
CHC Helicopter Corporation (FLI) First Reserve Corporation C$3.7B Buyout Summary Proposed buyout of oilfield services company World's largest provider of helicopter services to the global offshore oil and gas industry First Reserve is a private equity firm that specializes in the energy industry FLI is a Canadian company FLI news - stock [more...]
ChoicePoint Inc. (CPS) Reed Elsevier Group plc $4.1B Cash Merger Summary Publisher to acquire US-based credit bureau $50.00 per share; $4.1B total CPSstock chart Background of the Merger CPS provides identification and credential verification software services Announced 2.21.08 Press release Form 6-K Form 8-K Advisors [more...]
CKX, Inc (CKXE) Management-led Buyout - Subsidiary Spin-off Summary Real estate development company to take entertainment content company private $13.75 per CKXE share plus a share of FX stock for each share held FX plans to utilize CKX's assets in Elvis Presley and Muhammad Ali assets; licensing agreements in works CKX acquired 50% of FX [more...]
Claire's Stores (CLE) Apollo Management $3.3B Buyout Summary Buyout of specialty retailer for teenage girls $33 per CLE share; $3.1B total CLEstock chart Announced 3.20.07 Press release Form 8-K Background to the merger Completed 5.29.07 Press release Form 25 Form 15 Developments Delays filing financials 4.04.07 Shareholders [more...]
Clear Channel Communications, Inc. (CCU) Bain Capital / Thomas H Lee Partners $26.7B Buyout Summary Board approves revised buyout proposal Board had rejected this offer just days before Buyout group proposed changes on eve of scheduled May 6 shareholder vote Board had initially rejected this revised proposal CCUnews - stock chart [more...]
Cognos (COGN) IBM (IBM) $4.9B All-cash buyout Summary IBM acquires Canadian Business Intelligence (BI) and Performance Management company $58 per COGN; $4.9B total COGN stock chart Announced 11.12.07 Press release Slide presentation Form 6-K Shareholders approved 1.14.08 Press release Form 6K Ontario Superior Court approved [more...]
Commerce Bancorp Inc (CBH) TD Bank Financial Group (TD) $8.5B Stock/Cash buyout Summary Canadian bank buys "America's Most Convenient Bank" $10.50 per CBH stock plus 0.4141 shares of TD stock; $8.5B total CBHstock chart Announced 10.02.07 Press release Form 8-K Background of the merger scroll to page 33 Approved 2.06.08 [more...]
Commerce Group, Inc (CGI) Mapfre $2.207mm Summary Spanish insurer purchases Massachusetts based insurer $36.70 per share; $2.207mm (1.538 ) total Background to the Merger CGIstock chart Announced 10.30.07 Press release Form 8-K Shareholders approve 2.14.08 Press release Form 8-K Advisors Financial [more...]
Commonwealth Telephone Enterprises (CTCO) Citizens Communications Co (CZN) $1.16B Taxable Cash - Stock Merger Summary Will create 7 th largest local telephone exchange $31.31 plus 0.768 CZN share, per CTCO share; $1.16B total Valued at $41.72 per CTCO share Taxable transaction CZN stock chart CTCO stock chart Announced 9.18.06 [more...]
Constellation Energy (CEG) FPL Group, Inc. (FPL) Stock Merger Summary Stock exchange: $28b total CEGstock chart FPLstock chart Announced 12.19.05 Press release Slide presentation Form 8-K Background to the Merger Deal Terminated Terminated over Maryland regulatory approvals Press release 10.25.06 Termination agreement [more...]
Countrywide Financial Corp (CNC) Bank of America (BAC) $4B All Stock Buyout Summary Buyout creates largest US mortgage lender CNC will receive .1822 shares of BofA stock for each share CNCstock chart Announced 1.11.08 Press release Form 8-K Advisors Financial CNC : Goldman Sachs / Sandler O'Neill BAC : [more...]
Cumulus Media, Inc (CMLS) Merrill Lynch Global $1.3B Summary Private equity firm buys second-largest radio company $11.75 per share; $1.3B total CMLSstock chart Announced 7.23.07 Press release Form 8-K Background of the merger Advisors Financial Special Committee : Credit Suisse Merrill Lynch [more...]
Delta and Pine Land Company (DLP) Monsanto Company (MON) $1.5B Cash Merger Summary Monsanto to buy leading cotton seed company $42 per DLP share : $1.5B total DLP stock chart MON stock chart Announced 8.15.06 Press release Form 8-K Closed 12.21.06 Press release Form 8-K Advisors Financial [more...]
Direct General Corporation (DRCT) $628mm Buyout Summary Buyout of nonstandard auto insurer by Calera and TPG $21.25 per DRCT share; $628.2mm total DRCTnews - stock chart Announced 12.05.06 Press release Form 8-K Background to the Merger Developments Litigation settled 3.02.07 Litigation settled 3.06.07 Closed [more...]
Dobson Communications (DCEL) AT&T (T) $2.8B Buyout Summary Communications company acquires GSM wireless service $13 per DCEL share; $2.8B total DCEL stock chart Announced 6.29.07 Press release Form 8-K Background of the merger Closed 11.15.07 Press release Form 8-K Form 25 Advisors Financial DCEL : [more...]
Dollar General Corporation (DG) Kohlberg Kravis Roberts & Co. (KKR) $7.3B Buyout Summary Buyout of discount retailer by KKR $22.00 per DG share; $7.3B total DG news - stock chart DG operates over 8,000 discount stores in mostly rural areas Announced 3.12.07 Press release Background of the deal Closed 7.06.07 Press release Form 8-K Form 15 [more...]
DoubleClick LBO $1.1 billion buyout by Hellman & Friedman LLC $8.50 per share cash Zero coupon notes to remain outstanding: subject to holder's change-of-control right to require repurchase Background Announced 4.25.05 Press release Conference call transcript Closed 7.12.05 Shareholders approve Form 15 Advisors Hellman [more...]
Dow Jones & Company (DJ) News Corporation (NWS) $5.6B Buyout Summary Entertainment company buys global news service $60 per DJ share; $5.6B total DJstock chart Announced 8.01.07 Press release Form 8-K Background of the merger Closed 12.18.07 Form 25 Form 15 Advisors Financial DJ : Goldman Sachs [more...]
Education Management Corporation (EDMC) $3.4B Buyout Summary Buyout of for-profit education company $43.00 per EDMC share; $3.4B total Announced 3.06.06 Press release Form 8-K Conference call transcript Background to the Merger Closed 6.01.06 Form 15 Developments Debt finance information package 5.08.06 [more...]
EGL, Inc. (EAGL) $1.7B Management-Led Buyout Competing Offer Summary Competing offers for transportation - logistics company Initial proposal from Jim Crane was accepted by the board Crane is Chairman, CEO and 17% shareholder Competing offer came from an affiliate of Apollo Management EAGL news - stock chart Developments Apollo [more...]
Palm, Inc (PALM) Elevation Partners $325mm Preferred Stock Purchase Summary Palm recapitalization with major private equity firm $9.00 per Palm share cash distribution ; $325mm total investment Elevation will purchase $325mm stock and will own 25% of Palm's stock Board members increase from 8 to 9 with addition of Jon Rubinstein, former [more...]
Summary Jeff Smulyan made buyout offer at $15.25 per share Smulyan is CEO - controlling shareholder Owns 100% of Class B common (10 votes per share) Ownership table Offer had $1.4B enterprise value EMMS stock chart Company owns radio stations and other media Business description Special committee Established 6.19.06 Financial [more...]
Encore Medical Corporation (ENMC) $870mm Buyout Summary Buyout by Blackstone Capital $6.55 per ENMC share: $870mm total Background to the Merger Announced 6.30.06 Press release Form 8-K Closed 11.03.06 Press release Form 15 Form 25 Form 8-K Advisors Financial ENMC : Banc of America Blackstone [more...]
Energy East (EAS) Iberdrola $4.5B Summary Global utility buys regional US energy service company $28.50 per share; $4.5B total EASstock chart Announced 6.28.07 Press release Form 8-K Background of the merger Shareholders approve 11.20.07 Press release Form 8-K Developments FERC approval 12.06.07 Advisors [more...]
Equity Office Properties Trust (EOP) Competing Offers Summary Blackstone wins bidding contest with Vornado EOP press release 2.07.07 EOP press release 2.09.07 EOP news - stock chart Will take largest publicly-traded office REIT private Largest public-to-private deal ever Bidding history Initial Blackstone proposal at $48.50 per [more...]
Euronext N.V. NYSE Group, Inc. (NYX) Merger of Equals Summary NYSE and Euronext agree to merge Deal can reshape global securities trading Stock-cash merger styled as a merger of equals NYSE stock price has declined since announcement Lowering value of deal to Euronext shareholders Potentially allowing Deutsche Bourse to counter offer NYSE [more...]
Filenet (FILE) IBM $1.6B Summary IBM buys a business process - content management software solutions company $35 per FILE share: $1.6B total Enables IBM to advance its information on demand strategy [more...]
First Charter (FCTR) Fifth Third (FITB) $1.09B Summary Financial service firm buys regional financial servicer $31.00 per share; $1.09B total FCTRstock chart FITBstock chart Announced 8.16.07 Press release Form 8-K Advisors Financial FCTR : Keefe Bruyette & Woods FITB : Goldman Sachs Legal [more...]
First Data Corp (FDC) Kohlberg Kravis Roberts & Co. (KKR) $29B Buyout Summary KKR is sole sponsor of buyout of leading payment processor $34 per FDC share; $29B total FDC news - stock chart Background of the merger 50 day go shop provision No financing condition Announced 4.02.07 Press release Form 8-K Closed 9.24.07 Press release Form [more...]
Thermo Electron Corporation (TMO) Fisher Scientific International Inc. (FSH) $10.6B Stock Merger Summary Creates leading instruments company for life sciences Will be renamed Thermo Fisher Scientific $10.6B stock exchange: $9B total 2.00 TMO shares per FSH share Valued at $78.90 per FSH share FSH shareholders will own 61% pro forma Treated as a reverse [more...]
Four Seasons Hotels, Inc. (FS) $3.7B Management-Led Buyout Summary Buyout offer for Canadian-based luxury hotel chain At US$ 82 per share FS news - stock chart FS investor relations Offer made by: Isadore Sharp and Triples Holding Limited Controlling shareholder Kingdom Hotels Owned by Prince Alwaleed #8 On Forbes 500 list Cascade [more...]
Freescale Semiconductor, Inc. (FSL) $18.9B Leveraged Buyout Summary $17.6B buyout of semiconductor company $18.9B, with assumed debt Largest-ever technology buyout Tops buyout of Sungard Data Systems By private equity consortium Club deal Blackstone Group Carlyle Group Permira Funds Texas Pacific Group Freescale Semiconductor [more...]
Gemstar-TV Guide Int'l, Inc (GMST) Macrovision Corp (MVSN) $2.8B Summary Digital content leader buys content distributor $6.35 per share or 0.2548 holding co stock; $2.8B total GMSTstock chart MVSNstock chart Announced 12.07.07 Press release Slide presentation Form 8-K Advisors Financial GMST [more...]
Genesco (GCO) Finish Line (FINL) $1.5B Summary Specialty retailer buys specialty retailer $54.50 per share; $1.5B total GCOstock chart Announced 6.18.07 Press release Form 8-K Background of the merger Shareholders approve 9.17.07 Press release Form 8-K Developments Genesco sends merger agreement obligations letter to Finish [more...]
Getty Images Inc. (GYI) Hellman & Friedman $2.4B Buyout Summary Proposed buyout of image - multimedia company $34 per GYI share; $2.2B enterprise value News - stock chart Announced 2.25.08 Press release Form 8-K Schedule 13D Advisors Financial GYI: Goldman Sachs Buyers: Barclays / RBS Greenwich Capital [more...]
Global Signal Inc. (GSL) Crown Castle International Corp. (CCI) $5.8B Cash Election Merger Summary CCI to acquire another cell tower REIT Cash election merger ; subject to proration 1.61 CCI share, or $55.95, per GSL share Total cash capped at $550mm CCI stock chart Announced 10.06.06 Press release Form 8-K 13D amendment (Fortress [more...]
Golden West Financial Corporation - Wachovia Corporation $25.5B Stock-Cash Merger Summary Wachovia buys 2nd largest US savings institution For $25.5B in stock and cash $81.07 per GDW share 1.051 WB share, plus $18.65 77% stock; 23% cash WB stock chart Expands Wachovia's mortgage business Expected cost savings Co-CEOs and a [more...]
Gold Kist Inc. (GKIS) Pilgrims Pride Corporation (PPC) $1.03B Unsolicited Offer Summary Unsolicited offer for 3 rd largest US poultry company Offer from 2 nd largest US poultry company Combined company would have $8.0B in sales (25% share) Tyson Foods (#1) has $8.3B in sales Background of the Offer Offers $20 per share; $1.03B total PPC stock [more...]
Grant Prideco, Inc (GRP) National Oilwell Varco $800mm Summary Oil and gas drilling co buys drill stem technology firm $23.20 per share plus .4498 National Oilwell stock; $800mm total GRPstock chart Announced 12.17.07 Press release Slide presentation Form 8-K Advisors Financial GRP : Goldman Sachs [more...]
Guidant (GDT) / Johnson & Johnson (J&J) / Boston Scientific (BSX) Summary One of the largest deals of 2005 - 2006 Guidant agreed to merge with J&J J&J - Guidant enter into a merger agreement 12.15.04 $76 per share in stock and cash; $25.4B total Guidant shareholders approved the J&J merger 4.27.05 J&J sought [more...]
Guitar Center (GTRC) Bain Capital Partners $2.1B Buyout Summary Private Investment firm to buy instrument retailer $63 per GTRC share; $2.1B total GTRCstock chart Announced 6.27.07 Press release Slide presentation Form 8-K Background of the Merger Closed 10.09.07 Press release Form 8-K Form 15 Form 25 Stockholders approve merger [more...]
Harman International (HAR) KKR - GS Capital $8.0B Buyout Summary Troubled Deal Buyout of audio products company Harman Kardon , JBL , Mark Levinson and Infinity At $120 per share; $8.0B total Background of the merger HAR news - stock chart Deal includes stub equity option - see below Announced 4.26.07 Press release Form 8-K Conference [more...]
Harrah's Entertainment, Inc. (HET) $17.1B Going Private Proposal Increased Offer Accepted 12.19.06 Increased offer from Apollo Mgmt and Texas Pacific Group $90 per share, increased from original offer of $81 $17.1B equity value; $27.8B including assumed debt Press release Form 8-K Background of the Merger Acquisition approved 4.05.07 [more...]
HCA Inc. $21B Management-Led Buyout Closed Summary $21B buyout of largest US for-profit hospital chain $33B, including assumption of debt Largest LBO since RJR Nabisco By private equity consortium (Club deal) Thomas Frist (Co-founder) Bain Capital KKR Merrill Lynch Global Private Equity Background of the Merger Deal terms $51 [more...]
Hilton Hotels Corp (HLT) Blackstone Group $20B Buyout Summary Blackstone to acquire world's second-largest hotel chain $47.50 per HLT share; $20B total HLT news - stock chart Announced 7.03.07 Press release Form 8-K Background of the Merger Stockholders approve acquisition 9.18.07 Press release Form 8-K Closed 10.24.07 Press [more...]
HLTH Corporation (HLTH) WebMD Health Corp. (WBMD) Minority Buy-In Summary WBMD to buy-in HLTH's 16% public minority Per HLTH share, 0.1979 WBMD share plus $6.89 Valued at $12.625 per share -- a 25.6% premium -- with an implied equity value for HLTH of $2.31 billion Subject to downward adjustment based on the proceeds received from the [more...]
Huntsman Corporation (HUN) $9.6B Strategic Acquisition Competing Offer - Apollo Management Summary Polyolefin tech leader to buy chemical manufacturer $25.25 per HUN share; $9.6B total HUN stock chart Original deal announced 6.26.07 Press release Form 8-K Competing offer accepted 7.12.07 See Competing Offer immediately below [more...]
Hyperion Solutions Corp (HYSL) Oracle Corporation $3.3B Two-Step Merger Summary Oracle to buy Hyperion for $3.3B Business performance management company $52 per HYSL share HYSLnews - stock chart Announced 3.01.07 Press release Form 8-K Investor presentation Investor presentation Investor presentation Conference call transcript Deal FAQs Deal [more...]
ICOS Corporation (ICOS) Eli Lilly and Company (LLY) $2.1B Cash Merger Summary Lilly to buy its Cialis joint venture partner for $2.1B $32 per ICOS share LLYstock chart Announced 10.17.06 Press release Form 8-K Background of the merger Closed 12.18.06 Press release Form 8-K Form 15 Form 25 Developments 5% holder objects to financial [more...]
Verizon Yellow Pages Summary Verizon to spin-off its directories business Print and internet Yellow Pages New company to be called Idearc Inc. Distribution to occur on 11.17.06 One IAR share per 20 VZ shares Approved 10.18.06 Press release Proposed 7.07.06 Press release Advisors Debevoise Form 10 - Information Statement Filings Form [more...]
Instinet (INGP) NASDAQ (NDAQ) $1.88B Cash Merger Summary Instinet and Nasdaq to merge Background through 6.13.05 Instinet's Institutional Broker business will be divested Will be acquired by Silver Lake Partners Third Ave Mgmt reported to make higher offer 6.08.07 Instinet's Lynch, Jones & Ryan subsidiary divested Acquired by The [more...]
Intergraph Corporation (INGR) $1.3B Buyout Summary Buyout by Hellman & Friedman and Texas Pacific Group $44 per INGR share: $1.3B total Background to the Merger Announced 8.31.06 Press release Form 8-K Employee slide presentation 9.06.05 Closed 11.29.06 Form 15 Form 25 Press release Form 8-K Advisors [more...]
Intermagnetics General Corporation (IMGC) Royal Philips Electronics (PHG) $1.3B Cross-Border Cash Merger Summary Royal Philips Electronics to buy MRI company Intermagnetics is a leading maker of MRI superconducting magnets $27.50 per share: $1.3B total Announced 6.15.06 Press release Form 8-K Background to the Merger Closed [more...]
Internet Security Systems, Inc. (ISSX) IBM $1.3B Cash Merger Summary $28 per ISSX share : $1.3B total IBM stock chart Announced 8.23.06 Press release Form 8-K Background to the Merger Closed 10.20.06 Form 15 Press release Form 8-K Advisors Financial ISSX : Credit Suisse Legal IBM : [more...]
Intrawest Fortress Investment $2.8B Buyout Summary $2.8B buyout by Fortress Investment Group $35.00 per share Owner of Whistler Blackcomb and other ski resorts Announced 8.11.06 Press release Form 8-K Sale process started in February Following pressure from hedge fund investor, Pirate Capital Hired Goldman Sachs Deal will require [more...]
Jacuzzi Brands, Inc. (JJZ) Apollo Management LP $1.25B Buyout Summary Apollo Management offers $12.50 per share $990mm equity value, $1.25B including assumed debt JJZ news - stock chart Business description Announced 10.11.06 Press release Form 8-K Closed 2.08.07 Form 15 Apollo will sell JJZ's plumbing business (Zurn) Has deal to sell Zurn [more...]
KeySpan Corporation (KSE) National Grid (NGG) $7.3B Cash Merger Summary Acquisition Will Create The Third-Largest Energy Delivery Utility In The US $42 per share KSE: $7.3B total KSEstock chart NGGstock chart Announced 2.27.06 Press release Form 8-K Background to the Merger Advisors [more...]
Kinder Morgan, Inc. (KMI) $14.6B Leveraged Buyout Summary Energy pipeline company in management-led buyout $15B equity value, $22B enterprise value Background to the Merger Business description KMI stock chart Initial offer of $100 per share was increased to $107.50 Offer by CEO and other executives Richard Kinder is CEO and an 18% [more...]
Kos Pharmaceuticals, Inc. (KOSP) Abbott Laboratories (ABT) $3.7B Two-Step Merger Closed Summary Big pharma company acquires biotech Two-step merger at $78 per share; $3.7B, net KOSP has a drug that can raise good cholesterol levels Business description Announced 11.06.06 Press release Form 8-K Closed 12.15.06 Press release Form 15 [more...]
Kronos Incorporated (KRON) $1.8B Buyout Summary Buyout of workforce management software company $55 per KRON share; $1.8B total KRON news -stock chart Announced 3.23.07 Press release Form 8-K Background of the merger Deal closed 6.11.07 Press release Form 8-K Form 25 Developments HSR Act early termination 4.20.07 Lender [more...]
Laureate Education (LAUR) Management-Led Buyout $3.7B Buyout Summary Buyout of higher education company $60.50 per LAUR share; $3.8B total Buyout led by company's CEO LAURnews - stock chart Announced 1.28.07 Press release Form 8-K Background Developments Investor presentation 3.28.07 Dismissal of shareholder litigation 6.28.07 [more...]
Lear Corporation (LEA) American Real Estate Partners (ACP) $5.3B Buyout Summary Affiliate of Carl Icahn acquires global electronics supplier $36 per LEA share; $5.3B total LEA stock chart Announced 2.09.07 Press release Form 8-K Offer increased to $37.25 per share 7.09.07 Press release 13D amendment Merger agreement amendement Meeting [more...]
Linens 'n Things (LIN) Apollo Management $1.3B Buyout Linens N Things LBO $1.3 billion buyout by Apollo Management $28 per share Background Financing Announced 11.08.05 Press release Employee message Closed 2.15.06 Form 15 [more...]
Lucent Technologies (LU) Alcatel (ALA) Merger of Equals Summary Merger of two leading telecom equipment suppliers Styled as a merger of equals Combined company will have market cap of $35B Background of the Merger Deal driven by [more...]
Lyondell Chemical Company (LYO) Basell $19B Buyout Summary Polyolefin leader to buy chemical company $48 per LYO share; $19B total LYOstock chart Announced 7.17.07 Press release Form 8-K Background of the merger Closed 12.20.07 Press release Form 8-K Form 15 Form 25 Advisors Financial LYO : Deutsche Bank [more...]
Manor Care, Inc (HCR) The Carlyle Group $6.3B Going Private Summary Private equity firm takes nursing care company private $67 per HCR share; $6.3B total HCRstock chart Announced 7.02.07 Press release Form 8-K Background of the merger Developments Stockholders approve merger 10.17.07 Proceeding toward closing 11.08.07 [more...]
Maverick Tube (MVK) Tenaris $3.185mm Buyout Summary $65 per MVK share: $3.185 mm total TEN stock chart Background to the Merger Announced 6.12.06 Press release [more...]
Maytag (MYG) Whirlpool (WRL) $2.6B Buyout Summary Whirlpool wins bidding for Maytag Maytag finds Whirlpool offer to be a superior proposal Original LBO proposal was at $14 per share Whirlpool was bid up to $21 per share Whirlpool - Maytag sign merger agreement 8.22.05 Closing delayed over DOJ antitrust review Joint press [more...]
MBIA Inc. (MBI), Warburg Pincus Recapitalization Summary Private equity firm leads recapitalization of financial guaranty company MBIA news - stock chart EDGAR filing page Initial investment announced 12.10.07 Warburg Pincus committed to invest $500 million in common equity at $31 per share and to backstop a $500 million rights offering [more...]
MBNA (MYG) Bank of America (BAC) $35B Buyout Summary Bank to acquire leading affinity card issuer for $35 billion Bank of America to become #1 US card issuer 0.5009 BAC share plus $4.125 per MBNA share Valued at $27.50 per share MBNA's stock had fallen sharply in April 2005 as it issued a profit warning and bad 1Q 2005 earnings [more...]
McDATA Corp (MCDT) Brocade Communications (BRCD) $713mm Stock Merger (Fixed Exchange Ratio) Summary Brocade to acquire storage networking company Fixed exchange stock merger 0.75 BRCD share per MCDT A or B share Valued at $4.61 per MCDT share $713mm total BRCD stock chart Background of the Merger Announced 8.08.06 Press release [more...]
Mercantile Bankshares Corporation (MRBK) - The PNC Financial Services Group, Inc. (PNC) $6.0B Stock-Cash Merger Summary PNC acquires Baltimore-based regional banking company MRBK has $17B in assets and 240 branches Will make PNC a top 10 banking company Deal terms 0.4184 PNC share plus $16.45, per MRBK share Valued at $47.24 per MRBK [more...]
Mercury Interactive Corp. Hewlett-Packard Company (HPQ) $4.5B Two-Step Merger Summary HP buys business optimization software company For $52 per share, $4.5B total Mercury had been caught up in option backdating scandal Stock option backdating Advisors HP: Wilson Sonsini Mercury: Goldman / Morrison & Foerster Announced 7.25.06 Press [more...]
Michaels Stores, Inc. (MIK) $6B Buyout - Completed Summary $6 billion buyout by Bain And Blackstone Takes arts and crafts retailer private at $44 per share Announced 6.30.06 Press release Form 8-K Closed 10.31.06 Press release Form 8-K Deal announced despite stock option backdating issues MIK is target of investigations and lawsuits [more...]
MoneyGram International Inc. (MGI) Thomas H. Lee Partners (THL) / Goldman Sachs (GS) Recapitalization Summary Private equity firms lead recapitalization of money transfer company Includes $710mm to $775mm of new equity investment Also includes $500 million in debt financing from GS, and another $200 million in debt financing from [more...]
MRO Software (MROI) IBM (IBM) $740mm Buyout Summary IBM to buy asset management software company For $740mm, $25.80 per share Background Announced 8.03.06 Press [more...]
Myers Industries (MYE) GS Capital Partners (GSCP) $1.07B Buyout Summary Proposed buyout of a polymer manufacturer $22.50 per share; $1.07B total MYEstock chart Announced 4.24.07 Press release Form 8-K Advisors Financial MYE : KeyBanc Capital Markets GSCP : Goldman Sachs Special Committee : William Blair [more...]
Myogen, Inc. (MYOG) Gilead Sciences, Inc. (GILD) $2.5B Two-Step Merger Summary Large biotech acquires late-stage development company Two-step merger at $52.50 per share; $2.5B total Tombstone ad Background of the Offer Announced 10.02.06 Press release Slide presentation Conference call transcript Form 8-K MYOG Form 8-K GILD Closed 11.17.06 [more...]
National Health Investors, Inc. (NHI) $1.5B Management-Led Buyout Proposal Summary Buyout offer for health care real estate finance company NHI news - stock chart Offer made by Andrew Adams Adams is CEO and a 9.9% shareholder Initial proposal announced 10.10.06 At $30 per NHI share Special committee formed Blackstone engaged as financial [more...]
NCO Group, Inc. $1.26B Buyout Summary Buyout by One Equity Partners $27.50 per NCOG: $1.26B total Announced 7.24.06 Press release Form 8-K Background to the Merger Closed 11.27.06 Press release Form 15 Advisors Financial NCOG : Credit Suisse OEP : Morgan Stanley / JPMorgan Legal [more...]
Neiman Marcus (NMG.A, NMG.B) Texas Pacific / Warburg Pincus $5.1B Leveraged Buyout Neiman Marcus Group LBO $5.1 billion leveraged buyout By Texas Pacific Group and Warburg Pincus $100 per share cash for Class A and Class B common Background HSBC buys Neiman Marcus credit card [more...]
North Fork Bancorporation (NFB) Capital One Financial Corporation (COF) $14.6B Cash Election Merger Summary Credit card specialist acquires leading regional bank $21.18 per NFB share:For $14.6B in stock and cash $31.18 per NFB share 64% stock - 36% cash Cash election merger ; subject to proration COF stock chart Creates one of the 10 [more...]
Nuveen Investments (JNC) Madison Dearborn Partners $6.3B All Cash Buyout Summary Investment group acquires investment services provider $65 per JNC share; $6.3 total JNC stock chart Announced 6.20.07 Press release Form 8-K Closed 11.13.07 Press release Form 8-K Form 15 Form 25 Advisors Financial Special [more...]
NYMEX (NMX) CME Group (CME) $500mm Summary Preliminary discussions 1.28.08 NMXstock chart CMEstock chart 30 day exclusive negotiating period $36.00 cash, 0.1323 CME stock; $500mm total Press release Related Topics Private Equity
Ohio Casualty Corporation (OCAS) Liberty Mutual Group $2.7B Cash Merger Summary Merger of property / casualty insurers $44 per OCAS share; $2.7B total OCASnews - stock chart Announced 5.07.07 Press release Form 8-K Advisors Financial OCAS: Merrill Lynch LMG: Legal OCAS: Sullivan & Cromwell [more...]
Open Solutions Inc. (OPEN) $1.3B Buyout Summary Proposed buyout of information services company Specializes in services for financial institutions Business description Buyout by Carlyle Group and Providence Equity Partners $38 per OPEN share: $1.3b total OPENstock chart Announced 10.16.06 Press release Form 8-K Closed 1.19.07 [more...]
OSI Restaurant Partners, Inc. (OSI) $3.2B Management-Led Buyout Summary Buyout of Outback Steakhouse chain Original offer at $40 per share Raised to $41.15 Press release 5.22.07 Merger agreement amendment OSI news - stock chart Buyout by Bain Capital and Catterton Partners and OSI's founders Background of the merger Update [more...]
Party City (PCTY) Berkshire Partners / Weston Presidio $360mm Leveraged Buyout Party City LBO $360 million leveraged buyout of party goods chain By Berkshire Partners and Weston Presidio $17.50 per share : $360mm total Background Financing Private Equity Club Deal [more...]
Pathmark Stores (PTMK) The Great Atlantic & Pacific Tea Co (GAP) $1.3B Summary Supermarket chains merge $9 per PTMK share plus 0.12963 shares of GAP : $1.3B total GAPstock chart Announced 3.05.07 Press release Form 8-K Background to the Merger Closed 11.08.07 Press release Form 8-K Form 15 Form 25 Advisors [more...]
Penn National Gaming (PENN) Fortress Investment Group (FIG) / Centerbridge Partners $8.9B Buyout Summary Casino and horseracing company to be acquired by investment companies $67 per PENN share; $8.9B total Including $2.8B outstanding debt If deal not closed by 6.15.08 per share price will increase by $0.0149 per day PENNstock chart FIGstock [more...]
Peoples Energy Corporation (PGL) WPS Resources Corporation (WPS) Stock Merger (Fixed Exchange Ratio) Summary Combines two utility - energy distribution companies Stock merger 0.825 shares WPS stock, per PGL share Valued at $41.30 per share on announcement Announced 7.10.06 Press release Form 8-K Background to the Merger scroll to page [more...]
Performance Food Group (PFGC) Blackstone Group / Wellspring Capital (BX) $1.3B Summary Private equity firm purchases food distributor $34.50 per share; $1.3B total PFGCstock chart BXstock chart Announced 1.18.08 Press release Form 8-K Background of the merger Advisors Financial PFGC : Evercore BX : [more...]
Per-Se Technologies, Inc. (PSTI) McKesson Corporation (MCK) $1.8B Cash Merger Summary McKesson buys a healthcare administrative IT company $28 per PSTI share; $1.8B total MCK stock chart Announced 11.06.06 Press release Slide presentation Conference call transcript Form 8-K Closed 1.24.07 Press release Form 8-K Form 15 Form 25 [more...]
PETCO Animal Supplies, Inc. (PETC) $1.6B Buyout Summary $1.8B buyout by Leonard Green and Texas Pacific At $29 per share, $1.66B total $1.8B, including assumed debt Financing Equity: TPG ($415mm), Leonard Green ($350mm) Mezzanine: Goldman ($500mm) Debt: Credit Suisse, BoA, Wells Fargo ($850mm) Total: $2.115B Deal announced 7.14.06 [more...]
Pharmion Corp (PHRM) Celgene Corp (CELG) $2.9B Summary Global biopharma to acquire global oncology company $72 per share; $2.9B total PHRMstock chart CELG stock chart Announced 11.18.07 Press release Form 8-K Developments German Federal Cartel clears acquisition 1.28.08 Advisors Financial PHRM [more...]
Phelps Dodge Corporation (PD) Freeport-McMoRan Copper & Gold Inc. (FCX) $25.9B Cash-Stock Merger Summary Creates world's largest publicly-traded copper company $126.46 per PD share; $25.9B total $88.00 plus 0.67 FCX share, per PD share 70% cash, 30% stock PD news - stock chart FCX news stock chart PD's market cap is [more...]
PolyMedica Corp (PLMD) Medco Health Solutions (MHS) $1.5B Buyout Summary Leading pharmacy benefit manager acquires nation's largest provider of blood glucose testing supplies $53 per PLMD share; $1,5B total PLMDstock chart Announced 8.28.07 Press release Form 8-K Background of the merger Closed 10.31.07 Form 8-K Form 25 Form 15 [more...]
Premium Standard Farms, Inc. (PORK) Smithfield Foods, Inc. (SFD) $693mm Stock - Cash Merger Summary One pork processor to acquire another $693mm stock-cash merger; $810mm including assumed debt 0.678 SFD share plus $1.25, per PORK share Valued at $21.23 per share PORKnews - stock chart Background of the merger Announced 9.17.06 Press release [more...]
Quintana Maritime (QMAR) Excel Maritime (EXM) $2.45B Summary Transportation firm buys other transportation firm $13.00 per share, 0.4084 EXM stock; $2.45B total QMARstock chart EXMstock chart Announced 1.29.08 Press release Form 8-K Background of the merger Advisors Financial QMAR : Citi EXM : [more...]
The Readers Digest Association, Inc. (RDA) $2.4B Buyout Summary Buyout of Reader's Digest by Ripplewood Holdings $17 per RDA share; $2.4B total Announced 11.16.06 Press release - RDA Press release - Ripplewood Form 8-K Form 8-K 11.21.06 Deal talking points Message to employees Deal FAQs Background to the Merger Closed [more...]
Realogy (H) $9.0B Buyout Summary Buyout of Cendant real estate services business By Apollo Management $30 per H share; $9.0B total Hnews - stock chart Realogy was spun-out of Cendant in July 2006 Cendant's real estate services business Cendant press release 7.13.06 Information statement 7.13.06 Announced 12.17.06 Press [more...]
Republic Bancorp Inc. (RBNC) Citizens Banking Corporation (CBCF) $1.05B Stock-Cash Merger Summary Combines two Michigan-based banking companies Citizens Republic Bancorp $1.05B in stock and cash $2.08 plus 0.4378 CBCF share per RBNC share 85% stock; 15% cash Background of the Merger Announced 6.27.06 Press release Form 8-K [more...]
Rural Cellular (RCCC) Verizon (VZ) / Vodafone (VOD) $2.67B Summary Wireless network provider acquires regional wireless co $45 per share; $2.67B total RCCCstock chart VZstock chart VODstock chart Announced 7.30.07 Press release Form 8-K Background to the merger Approved 10.04.07 Press release Form 8-K Advisors [more...]
Sabre Holdings Corporation (TSG) $5.0B Buyout Summary Buyout of travel commerce company Travelocity, Sabre Travel Network, Sabre Airline Solutions By Silver Lake Parters and TPG $32.75 per TSG share; $5.0B total TSGnews - stock chart Announced 12.12.06 Press release Conference call transcript Form 8-K Employee FAQs Background to the [more...]
SafeNet Inc. (SFNT) $634mm Two-Step Merger Summary Buyout of information security company by Vector Capital Deal uses two-step merger structure Company is subject of option backdating probe $28.75 per SFNT share; $634mm total SFNTnews - stock chart Announced 3.05.07 Press release Form 8-K Developments Nasdaq delisting warning 3.23.07 [more...]
SLM Holding Corp - Sallie Mae SLM $25.2B Buyout Summary Troubled Deal Buyout of leading student loan company By buyout group led by J.C. Flowers & Co $60 per SLM share; $25.2B total SLM news - stock chart Background of the Merger Announced 4.16.07 Press release Form 8-K Conference call transcript Employee announcement [more...]
Samsonite Corp (SAMC.OB) CVC Capital Partners $1.7B All Cash Buyout Summary Private equity firm to buy world's largest luggage manufacturer $1.49 per SAMC.OB; $1.7B total SAMC.OBstock chart Announced 7.05.07 Press release Form 8-K Advisors Financial SAMC.OB : Merrill Lynch CVC : UBS / Lehman [more...]
Seitel, Inc (SELA.OB) ValueAct Capital $780 mm cash buyout Summary $3.70 per Seitel share: $780mm total SELA.OBstock chart Announced 11.01.06 Press release Earnings release 11.01.06 Conference call transcript Form 8-K Background to the Merger Closed 2.14.07 Press release Form 8-K Form 15 Developments Lawsuits filed [more...]
Sequa Corp (SQA-A) Carlyle Group $2.7B Summary Aerospace and automotive parts maker acquired by private equity group $175 per SQA-A share; $2.7B total SQA-Astock chart Announced 7.09.07 Press release Form 8-K Background of the merger Closed 12.03.07 Press release Form 8-K Form 15 Form 25 Advisors Financial [more...]
Serena Software (SRNA) Silver Lake Partners $1.2B Buyout Serena Software LBO Change management software company to go private $1.2 billion buyout by Silver Lake Partners $24 per share SRNA stock chart Background through 12.01.05 Financing summary Announced 11.08.05 Press release Form 8-K Slide presentation (Employees) Slide [more...]
The ServiceMaster Company (SVM) $5.5B Buyout Summary Buyout of lawn care company by Clayton Dubilier $15.625 per SVM share; $5.5B enterprise value SVM news - stock chart Announced 3.19.07 Press release Form 8-K Conference call transcript Conference call transcript Background of the merger Closed 6.28.07 Press release Form 8-K Form 25 [more...]
SierraHealth Services (SIE) UnitedHealth Group (UNH) $2.6B Summary Healthcare specialist buys another healthcare company $43.50; $2.6B total UNHstock chart Announced 3.12.07 Press release Form 8-K Background of the merger Closed 2.25.08 Press release Form 8-K Form 25 Advisors Financial SIE : Lehman Brothers [more...]
XM Satellite Radio (XM) SIRIUS Satellite Radio (SIRI) Merger of Equals Summary Would combine only two satellite radio companies XM news - stock chart SIRI news - stock chart Merger of Equals Fixed share exchange 4.6 SIRI shares, per XM share XM and SIRI shareholders would each own 50% of combined company Even board split SIRI CEO (Mel [more...]
Sirna Therapeutics, Inc. (RNAI) Merck & Co., Inc. (MRK) $1.1B Cash Merger Summary Merck buys RNA interference (RNAi) biotech $13 per RNAI share; $1.1B total MRK news - stock chart Announced 10.30.06 Press release Form 8-K Closed 12.28.06 Press release Form 8-K Form 15 Form 25 Advisors [more...]
Solectron (SLR) Flextronics (FLEX) $3.6B Cash or Stock Summary Merger creates leading global electronic mfg company $3.89 per SLR share or 0.3450 shares of FLEX; $3.6B total FLEXstock chart SLRstock chart Announced 6.04.07 Press release Form 8-K Advisors Financial SLR : Goldman Sachs FLEX : Citigroup [more...]
The Sports Authority (TSA) Green Equity Investors $1.3B Cash Merger Summary $1.3 billion buyout by Leonard Green & Partners $37.25 per share: $1.3B total Background to the Merger Announced 1.23.06 Press release Form 8-K Closed 5.03.06 Form 15 Press release Press release Advisors [more...]
SS&C Technologies, Inc. (SSNC) Carlyle Group $1B Buyout SS&C Technologies LBO $1 billion acquisition by Carlyle Group SS&C provides software and processing solutions, primarily for financial services industry Slide presentation 8.25.05 Background through 10.19.05 $37.25 per share, cash Summary term sheet Financing [more...]
Station Casinos (STN) Fertitta Colony Partners(FCP) $8.8B Buyout Summary $90 per Station Casinos share; $8.8b total STNstock chart Initial proposal 12.04.06 Press release Form 8-K $82 per Station Casinos share; $4.7b total Increased offer accepted 2.26.07 $90 per share Press release Form 8-K Background of the merger [more...]
Stellent, Inc. (STEL) Oracle Corporation $440mm Two-Step Merger Summary Oracle continues to acquire smaller software companies Acquires content management company $13.50 per STEL share: $440mm total STELstock chart Announced 11.02.06 Press release Slide presentation Tender and support agreement Form 8-K Closed 12.12.06 Press [more...]
Sterling Financial (SLFI) PNC Financial (PNC) $565mm Summary $19.99 per share; $565mm total SLFIstock chart PNC stock chart Announced 7.19.07 Press release Form 8-K Advisors Financial SLFI : Keefe Bruyette & Woods Legal SLFI : Sullivan & Cromwell PNC : Wachtell Lipton [more...]
SunCom Wireless (TPC) T-Mobile / Deutsche Telekom (DT) $2.4B Summary Mobile communications firm buys regional wireless firm $27 per share; $2.4B total DTstock chart Announced 9.17.07 Press release Form 8-K Background of the merger Closed 2.22.08 Form 8-K Form 25 Advisors Financial TPC : Goldman Sachs [more...]
SunGard Data Systems, Inc. (SDS) $11.3B Management-Led Buyout SunGard Data Systems LBO $11.3 billion buyout by private equity consortium 2nd largest LBO ever, when announced SunGard provides software and processing solutions, primarily for financial services industry Considered more leverageable than most tech companies [more...]
Swift Transportation Co., Inc. (SWFT) $2.74B Management-Led Buyout Summary Buyout of trucking company Offer led by Jerry Moye, with Morgan Stanley backing Moyes is largest shareholder and a current Director Former Chairman and CEO SWFT news - stock chart Background of the Merger Initial proposal announced 11.06.06 At $29 share Press release Form [more...]
Sybron Dental Specialties (SYD) Danaher Corp. (DHR) $2B Cash Tender Offer Summary Tools conglomerate buys dental products company For $47 per share; $2B total SYD stock chart DHR stock chart Background to the Merger Announced 4.12.06 Press release SYD Form 8-K DHR Form 8-K Employee letter Presentation transcript Closed [more...]
Symbol Technologies, Inc. (SBL) Motorola, Inc. (MOT) $3.9B Cash Merger Summary Motorola buys an enterprise mobility company Scanning devices and other electronic connectivity tools $15 per SBL share: $3.9B total MOT stock chart Announced 9.19.06 Press release Form 8-K Investor slide presentation Conference call transcript [more...]
Take-Two Interactive Software, Inc. (TTWO) Electronic Arts Inc. (ERTS) Bear Hug Offer Bear Hug Offer Electronic Arts bear hugs a rival video game maker Offers $26 per share TTWO news - stock chart ERTS news - stock chart Take-Two rejects offer TTWO press release 2.24.08 Correspondence attached, including bear hug letter [more...]
Take-Two Interactive Software, Inc. Board Takeover - Annual Meeting Overview Group of activist shareholders oust management TTWO makes video games including Grand Theft Auto series Has a $1.5B market cap TTWO news - stock chart Group voted at annual meeting without soliciting any proxies Group holds 46% of shares Voted [more...]
Texas Regional Bancshares, Inc. - Banco Bilbao Vizcaya Argentaria, S.A. Cross-Border Cash Merger Regional Banks Summary Spanish multinational bank expands its US presence Banco Bilbao Vizcaya Argentaria, S.A. $38.90 per TRBS share; $2.16B total TRBS stock chart Background to the Merger Announced 6.12.06 Press [more...]
TNS, Inc. (TNS) MBO Summary CEO and other executives made buyout offer John McDonnell is CEO and founder Company provides credit card data services Business description Special committee rejected offer Replaces CEO Offer Made 3.13.06 Offer made at $22 per share Company press release 3.13.06 Form 8-K 3.17.06 McDonnell Schedule [more...]
Tommy Hilfiger (TOM) Apax Partners $1.6B Summary Private equity firm to take company private for $1.6B $16.80 per share Hedge fund criticizes deal Schedule 13D 1.23.06 Sowood Capital has 6.3% position Asserts TOM is worth $19.50 to $27.00 per share Clears HSR Act review 1.31.06 Background to the Merger Announced 12.23.05 Press release [more...]
Topps Company (TOPP) $385.4mm Buyout / Competing Offer Summary Buyout of trading card and candy company By group led by Michael Eisner, former Disney CEO $9.75 per TOPPS share; $385.4mm total TOPPstock chart Announced 3.06.07 Press release Form 8-K Employee letter Background to the merger Scroll down page Closed 9.19.07 Press release [more...]
Toys "R" Us, Inc. (TOY) $8.2B Buyout Toys "R" Us LBO $6.6 billion buyout by private equity consortium $26.75 cash per share Background through 5.23.05 Financing Announced 3.17.05 Press release Statement re: debenture [more...]
Trane Inc (TT) Ingersoll-Rand (IR) $10.1B Summary $36.50 per share, 0.23 IR stock; $10.1B total TTstock chart IRstock chart Announced 12.17.07 Press release Form 8-K Advisors Financial TT : Lazard IR : Credit Suisse / Goldman Sachs / JP Morgan Legal TT : Skadden Arps IR [more...]
Travelport (CD) The Blackstone Group $4.3B Leveraged Buyout Travelport / Blackstone Subsidiary Sale §338(h)(10) Blackstone affiliate buys Cendant subsidiary for $4.3B Travelport holds CD's Travel Distribution Services businesses Galileo - Travel information and processing Orbitz - Online travel agency GTA [more...]
TravelCenters of America - Hospitality Properties Trust $3.9B Cash Merger Private Equity M&A Exit Summary HPT to buy TravelCenters for $1.9B TravelCenters owns and operates 162 large truck stops Buyer is a REIT Sellers are an investment group led by Oak Hill Capital Buyer will keep TravelCenters' real esate Spin-off [more...]
Triad Hospitals Inc (TRI) $4.4B Buyout Terminated - Competing Offer Summary Buyout of hospital chain $50.25 per TRI share; $4.4B total $6.4B including assumed debt TRI news - stock chart Deal follows $21B HCA buyout Triad was spun-out of HCA in 1999 Announced 2.05.07 Press release [more...]
Tribune Company (TRB) Going Private Summary ESOP and Sam Zell to take publisher private $34 per TRB share Plan to sell Chicago Cubs and 25% interest in Comcast SportsNet Chicago TRB news -stock chart Developments Annual meeting held, Sam Zell joins board 5.09.07 Announcement 4.02.07 Press release Form 8-K Tribune accepts tender offer 5.31.07 [more...]
TXU Corp (TXU) $45B Buyout Summary Largest ever going private transaction Buyout led by KKR and Texas Pacific Group $69.25 per TXU share; $45B enterprise value No financing conditions 50 day go shop period TXUnews - stock chart Announced 2.26.07 Press release Form 8-K Slide presentation Conference call transcript Talking points Employee FAQs [more...]
UAP Holding Corp. (UAPH) Agrium Inc. (AGU) $2.65B Tender Offer Summary Will create North Americas largest agriculture retailer $39 per share; $2.65B including $487mm of assumed debt UAPH is an independent distributor of agricultural and non-crop products AGU is a Canadian company listed on TSX and NYSE and a major retail supplier of [more...]
EDS UGS PLM Solutions Buyout UGS PLM / EDS Subsidiary Sale - Private Equity Club Deal Private equity consortium buys UGS PLM Solutions EDS' product lifecycle management subsidiary For $2.05 billion UGS PLM website Announced 3.15.04 Press release 3.15.04 High yield debt offering 2005 Club Deal [more...]
United Rentals (URI) Cerberus Capital Management $6.6B Buyout - Terminated Summary - Timeline Proposed buyout of equipment rental company $34.50 per URI share $4.0B equity value; $6.6B enterprise value URI news Announced 7.23.07 Press release Form 8-K Background of the Merger 30 day go shop provision Apollo Management to vote its 18% block [more...]
United Surgical Partners (USPI) $1.8B Buyout Summary $31.05 per USPI share: $1.8B total USPIstock chart Announced 1.08.07 Press release Form 8-K Background to the Merger Closed 4.23.07 Press release Form 8-K Form 15 Form 25 Advisors Financial USPI: JP Morgan UNCN: Citigroup / Investment [more...]