3Com Corporation (COMS) Bain Capital / Huawei Technologies $2.2B Buyout - Troubled Deal Summary Proposed buyout of network equipment manufacturer By private equity firm and Chinese company $5.30 per 3Com share; $2.2B total News - stock chart Announced 9.28.07 Press release Form 8-K Conference call transcript Background of the merger Deal [more...]
Acxiom (ACXM) Silver Lake / ValueAct Capital $3.0B Buyout - Terminated Deal 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 [more...]
Affiliated Computer Services Inc. (ACS) $5.93B Management-Led Buyout Proposal - Withdrawn Summary Proposed buyout of information services company $59.25 per ACS share $5.9B equity value; $8.2B enterprise value Business description ACS news - stock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 [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 Announced 9.06.07 Press release Form 8-K Background of the merger Completed [more...]
Alliance Data Systems Corp (ADS) Blackstone Capital Partners (BX) $7.8B Buyout - Terminated Deal Summary Buyout of marketing support company $81.75 per ADS share; $7.8B total ADSnews - stock chart Background of the Merger 10-K summary Announced 5.17.07 Press release Form 8-K Agreement terminated 4.18.08 See Terminated Deal - M&A [more...]
American Financial Realty Trust (AFR) Gramercy Capital Corp (GKK) $3.4B Stock-Cash Merger Summary Specialty finance company to acquire REIT $5.50 cash, 0.12096; $3.4B total AFRstock chart GKKstock chart Announced 11.05.07 Press release Form 8-K Closed 4.1.08 Tender offer expired Schedule TO filing Form 15 Form 25 [more...]
AMIS Holdings (AMIS) ON Semiconductor (ONNN) $915mm Stock Merger Summary Power semiconductor firm purchases silicon semiconductor firm 1.15 ONNN share per AMIS share Valued at $10.14 per AMIS share; $915mm total Background of the merger Announced 12.13.07 Press release Form 8-K Completed 3.17.08 Press release Form 8-K Form 15 Form 25 [more...]
Aquila, Inc (ILA) Great Plains Energy, Inc (BKH) $1.7B Stock - Cash Merger Summary Utility acqusition $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 Investor presentation 9.13.07 Developments Mutual notice of extension 2.01.08 Form [more...]
Axcan Pharma (AXCA) TPG Capital All cash $1.3B Summary Global buyout group purchases leading pharmaceutical $23.35 per share; $1.3B total Announced 11.29.07 Press release Form 6-K Background to and reasons for the arrangement Closed 2.13.08 Press release For 6-K Form 25 Advisors Financial AXCA : Merrill [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...]
Boise Cascade, LLC Aldabra 2 Acquisition Corp. (AII) $1.62B SPAC Acquisition Summary SPAC buys paper and packaging assets for $1.625B Bought from Boise Cascade, a Madison Dearborn portfolio company $1.3B, plus stock Announced 9.07.07 Press release Form 8-K Slide presentation 10-K summary Closed 2.22.08 Press release Form 8-K Exhibits Form 8-K [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 $2.2B Cash Merger 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 Developments Notice of public hearing [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 Deal terminated 5.12.08 Press release $15mm termination fee paid Termination agreement and release Form [more...]
Deep South Holding, L.P. North American Insurance Leaders, Inc (NAO) $110mm SPAC Acquisition - Terminated Deal Summary SPAC was to buy a managing general insurance agency For $110mm, plus up to $65mm in an earn-out NAO news - stock chart Announced 8.10.07 Press release Form 8-K Slide presentation 10-K summary Developments Deal voted down [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...]
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 Shareholders vote in favor of merger Press release 1.18.08 Advisors Financial [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 Developments Court order lifted restricting funds [more...]
Genesco (GCO) Finish Line (FINL) $1.5B Merger - Terminated Deal 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 Genesco announces agreement for termination of [more...]
Grant Prideco, Inc (GRP) National Oilwell Varco $800mm Stock - Cash Merger 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: [more...]
Halcyon Asset Management LLC Alternative Asset Management Acquisition Corporation (AMV) $974mm SPAC Acquisition Summary SPAC to acquire alternative asset manager Has $11.5B in assets under management Halcyon entities will receive up to $505mm in cash and notes, and will retain LLC interests in Halcyon exchangeable into shares of AAMAC on a [more...]
Harman International (HAR) KKR - GS Capital $8.0B Buyout - Terminated Deal Summary 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...]
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...]
Kern Oil & Refining Co. NTR Acquisition (NTQ) $286mm SPAC Acquisition - Terminated Deal Summary SPAC was to acquire petroleum refining and marketing company For a base purchase price of $286.5mm Deal was terminated See Deal Terminated immediately below NTQ news - stock chart Announced 11.05.07 Press release Form 8-K Slide [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...]
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 Closing date extended to 4.30.08 Press release 12.10.07 Letter agreement Merger terminates 4.04.08 Press release Form [more...]
NAVTEQ (NVT) Nokia $8.1B Cash Merger - Cross-Border Summary Will create a leading global player in the fast growing location based services market $78 per share $8.1 billion (5.7 billion), or approximately $7.7 billion (5.4 billion) net of NAVTEQ existing cash balance NAVTEQ is a leading provider of comprehensive digital map information for [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...]
Pharmion Corp (PHRM) Celgene Corp (CELG) $2.9B Stock - Cash Merger 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 Completed 3.08.08 Press release Form 8-K Form 15 Developments German Federal Cartel clears acquisition [more...]
PHH Corp (PHH) General Electric Capital Corporation (GE) The Blackstone Group (BX) $1.8B Cash Merger; Third Party Participant Summary GE financing unit was to acquire PHH, and then sell its mortgage operations to Blackstone GE Capital wanted PHH's fleet services business, which fits well with GE's operations $31.50 per PHH share; $1.8B [more...]
Philip Morris International Inc. (PMI) Altria Group, Inc. (MO) 100% Spin-off Overview Altria completes long-discussed spin-off of its tobacco business PMI news - stock chart MO news - stock chart Completed 3.28.08 MO press release Investor presentation 3.21.08 MO press release Announced 8.29.07 MO press release 8.29.07 MO press [more...]
PPG Industries (PPG) Platinum Equity $500mm Subsidiary Sale - Private Equity Buyout - Terminated Deal Summary PPG had agreed to sell its auto glass unit to Platinum Equity (PE) for $500mm PE terminated the agreement after suing in New York PPG then brought claims against PE including for the $25 million breakup fee Platinum Equity homepage [more...]
Reddy Ice Holdings, Inc. (FRZ) GSO Capital Partners LP Terminated $1.1B Buyout Summary Buyout of regional waste services company $31.25 per FRZ share; $1.1B total News - stock chart Announced 7.02.07 Press release Form 8-K Background of the Merger Developments Class action suit 7.12.07 Merger agreement amended 8.30.07 Press release [more...]
Respironics Inc. (RESP) Royal Philips Electronics (PHG) $5.1B Tender Offer Summary Tender offer for sleep disorder treatment company $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 [more...]
Reuters Group PLC The Thomson Corporation (TOC) Dual Listed Company Overview Thomson Reuters Deal combines leading financial data suppliers Creates #1 provider of electronic financial information Pro forma ownership: Woodbridge (Thomson family) - 53% Other Thomson shareholders - 23% Reuters shareholders - 24% Deal summary From [more...]
Rural Cellular (RCCC) Verizon Wireless $2.67B Cash Merger Summary Wireless network provider acquires regional wireless co $45 per RCCC share; $2.67B total RCCCstock chart VZstock chart VODstock chart Announced 7.30.07 Press release Form 8-K Background to the merger Expected to close 2Q 2008 Shareholders approve merger 10.04.07 [more...]
SLM Holding Corp - Sallie Mae SLM $25.2B Buyout - Terminated Deal Summary 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...]
SierraHealth Services (SIE) UnitedHealth Group (UNH) $2.6B Cash Merger Summary Healthcare specialist buys another healthcare company $43.50 per SIE share; $2.6B total 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 [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...]
Sterling Financial (SLFI) PNC Financial (PNC) $565mm Cash Election Merger Summary Per SLFI share, $19.00 in either cash or PNC stock Announced 7.19.07 Press release Form 8-K Closed 3.26.08 Press release Form 8-K Form 15 Form 25 Developments Shareholder merger status 2.08.08 Advisors [more...]
SunCom Wireless (TPC) T-Mobile / Deutsche Telekom (DT) $2.4B Cash Merger Summary Mobile communications firm buys regional wireless firm $27 per share; $2.4B total 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...]
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...]
TierOne Corporation (TONE) CapitalSource Inc. (CSE) Collared Cash Election Merger / Troubled Deal Summary Proposed buyout of oilfield services company Combination of stock and cash, valued at $34.46 per TONE share upon announcement $6.80 in cash, plus 0.675 CSE share, plus either, (i) if CSEs stock price is less than or equal to [more...]
Trane Inc (TT) Ingersoll-Rand (IR) $10.1B Stock-Cash Merger Summary Diversified industrial company acquires HVAC company $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 / [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...]
United Rentals (URI) Cerberus Capital Management $6.6B Buyout - Terminated Deal 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% [more...]
VeraSun (VSE) US BioEnergy (USBE) Summary Ethanol producer buys regional renewable fuel company 0.81 VSE shares for each USBE share VSEstock chart USBE stock chart Announced 11.29.07 Press release Form 8-K Slide presentation Developments FTC grants early termination of waiting period 1.02.08 Advisors [more...]
Vanship Holdings Limited Energy Infrastructure Acquisition Corp. (EII) $778mm SPAC Asset Acquisition Summary SPAC buys nine very large crude oil tankers ("VLCCs") For a total purchase price of $778mm SPAC will also reincorporate as a Marshall Islands corporation EII news - stock chart Announced 12.06.07 Press release Form 8-K Slide [more...]
Waste Industries USA, Inc. (WWIN) Macquarie Infrastructure Partners / Goldman Sachs $544 mm Management-led Buyout Summary Buyout of regional waste services company $38 per WWIN share; $544 mm total News - stock chart Announced 12.18.07 Press release Form 8-K Background of the Merger Developments Class action complaint 12.19.07 Voluntary [more...]