TargetAcquirerValue ($millions)Synopsis
Corporate Property Associates 17-Global IncWP Carey Inc5,749.7WP Carey Inc (WP Carey) definitively agreed to acquire the remaining 96% interest or 340.3 million common shares it does not already own in Corporate Property Associates 17-Global Inc (CPA17), a New York-based real estate investment trust, via a stock swap transaction valued at $5.75 billion. WP Carey offered 0.16 new common share for every CPA17 common share and the assumption of $2.1 billion in liabilities. Based on WP Carey's closing stock price of $67.03 on 15 June 2018, the last full trading day prior to the announcement, each CPA17 share was valued at $10.725.
Cotiviti Holdings IncVerscend Technologies Inc4,282.4Verscend Technologies Inc, a unit of Veritas Capital Partners LP, definitively agreed to acquire the entire share capital, or 92.941 million common shares of Cotiviti Holdings Inc, an Atlanta-based provider of financial transactions services, for $44.75 in cash per share or a total of $4.282 billion in cash.
Foundation Medicine IncRoche Holdings AG2,260.9Roche Holdings AG of Switzerland definitively agreed to acquire the remaining 43.365% stake or 16.094 million common shares which it does not already own in Foundation Medicine Inc, a Cambridge-based molecular information company, for $137 in cash per share or a total of $2.261 billion via a tender offer. The offer is conditional upon at least a majority of the share it does not already in Roche being tendered. Upon completion of the deal, Foundation Medicine common shares will be delisted from Nasdaq.
Verra Mobilty CorpGores Holdings II Inc2,246.0Gores Holdings II Inc definitively agreed to merge with Verra Mobilty Corp, a Mesa-based provider of custom computer programming services, from Platinum Equity LLC, and other shareholders, for $2.251 billion. The consideration will consist of $642 million of cash, $652 million of Gores common shares, the assumption of $852 million in liabilities, and up to $100 million in profit-related payments. Upon completion of the deal, Gores will be renamed as Verra Mobility Corp.
Web.com Group IncSiris Capital Group LLC1,285.5Siris Capital Group LLC definitively agreed to acquire the entire share capital of Web.com Group Inc, a Jacksonville-based provider of internet and online marketing services, for $25 in cash per share or a total of $1.286 billion in cash via a leveraged buyout transaction.
CoBiz Financial IncBOK Financial Corp976.5BOK Financial Corp definitively agreed to acquire the entire share capital of CoBiz Financial Inc, a Denver-based commercial bank, for $976.493 million via a stock swap transaction. The consideration will consist of $5.7 cash per share and 0. 17 in common share per Cobiz share. Based on BOK's closing stock price of $101.91 on 15 June 2018 the last full trading day prior to the announcement, each Cobiz share were valued at $17.325
First Connecticut Bancorp IncPeople's United Financial Inc544.2Via a stock swap transaction valued $544.162 mil, People's United Financial Inc (PBCT) definitively agreed to merge with First Connecticut Bancorp Inc (FBNK), a Farmington-based bank holding company, from Fleet Financial Group Inc, owned by Fleet/ Norstar Financial Group Inc. PBCT offered 1.725 common shares per FBNK share. Based on PBCT's closing stock price of $18.74 on 18 June 2018, the last full trading day prior to the announcement, each FBNK share was valued at $32.327. Upon completion of the deal, PBCT and FBNK will each own 92% and 8% of the merged entity, respectively.
Klein Financial IncOld National Bancorp433.8Old National Bancorp (ONB) definitively agreed to acquire the entire share capital of Klein Financial Inc (Klein), a Chaska-based commercial bank, for $433.8 million via a stock swap transaction. ONB offered 7.92 common shares per Klein shares. Based on ONB's closing stock price of $19.06 on 20 June 2018, the last full trading day prior to the announcement, each Klein share was valued at $150.876.
Energy XXI Gulf Coast IncCox Operating LLC303.9Cox Operating LLC definitively agreed to acquire the entire share capital of Energy XXI Gulf Coast Inc (EGC), a Houston-based provider of oil and gas drilling services, from Energy XXI (Bermuda) Ltd (EXXI), for $9.1 in cash per share or a total of $303.897 million. Originally, in March 2017, EXXI was rumored to be seeking a buyer for EGC.
CORD:USE Cord Blood Bank IncCryo-Cell International Inc214.0Cryo-Cell International Inc acquired CORD:USE | Cord Blood Bank, an Orlando-based blood and organ bank, for around $214 mil, consisting of $14 million in cash and up to $200 million in profit-related payments.
Proact Services CorpEvoqua Water Technologies Corp132.0Evoqua Water Technologies Corp plans to acquire Proact Services Corp, a Ludington-based environmental consultant, for $132 mil.
FPL Holdings IncWilliamsville Sears Management Inc120.0Williamsville Sears Management Inc definitively agreed to acquire the entire share capital of FPL Holdings Inc, owner and operator of residential complexes, for 400 million common shares valued at $120 million via a stock swap transaction. The shares were valued based on William's closing stock price of $0.3 on 15 June 2018, the last full trading day prior to the announcement.
Margaritaville Resort Casino-Operational AssetsPenn National Gaming Inc115.0Penn National Gaming Inc definitively agreed to acquire operational assets of Margaritaville Resort Casinor for $115 mil.
United Bank,Osseo,WICitizens Community Bancorp Inc,Eau Claire,Wisconsin50.7Citizens Community Bancorp Inc in Eau Claire, Wisconsin agreed to acquire United Bank, an Osseo-based commercial bank, from United Bancorp Inc in Martins Ferry, Ohio, for around $50.7 million in cash.
Enterprise Bank NJSB One Bancorp48.2SB One Bancorp definitively agreed to acquire the entire share capital of Enterprise Bank NJ, a Kenilworth-based commercial bank, for $48.2 million via a stock swap transaction.
TheStreet Inc-RateWatch BusinessS&P Global Inc33.5S&P Global Inc acquired RateWatch Business of TheStreet Inc, a New York-based provider of online financial media services, for $33.5 million in cash.
CR International IncEarny Resources Ltd26.7Earny Resources Ltd of Canada signed a letter of intent to acquire the entire share capital of CR International Inc, an Irvine-based wholesaler of drugs, in exchange for 95 million common shares valued at $26.655 million. The shares were valued based on Earny's closing stock price of $.28 on 07 June 2018, the last full trading day prior to the announcement.
Bavarian Comfort Care,Bridgeport,MINational Health Investors Inc17.1National Health Investors Inc (NHI) acquired Bavarian Comfort Care assisted living facility in Bridgeport. Concurrently, NHI acquired Shields Comfort Care. Both transactions have a combined value of $17.1 mil.
Scott Equipment IncEnviroStar Inc13.0EnviroStar Inc definitively agreed to acquire Scott Equipment Inc, a Houston-based manufacturer of household laundry equipment, for $13 million. The consideration will consist of $6.5 million in cash and $6.5 million in EnviroStar common shares.
Blockchain Innovations CorpCapricorn Business Acquisitions Inc7.4Capricorn Business Acquisitions Inc of Canada signed a letter of intent to acquire the entire share capital of Blockchain Innovations Corp, a Las Vegas-based provider of custom computer programming services, for 69.125 million Capricorn common shares or a total of $7.362 million via a stock swap transaction. The shares were valued based on Capricorn's closing stock price of $0.06 on 13 June 2018, the last full trading day prior to the announcement.
Karob Glendale NW A&B LLC-Glendale Northwest CenterTriumph Real Estate Investment Fund5.4Triumph Real Estate Investment Fund of Canada acquired the Glendale Northwest Center, a 16,706 sq ft shopping cetner in Arizona, from Karob Glendale NW A&B LLC for $5.4 mil.
Mystemkits LLCRobo 3D Ltd2.0Robo 3D Ltd of Australia agreed to acquire Mystemkits LLC, an Atlanta-based provider of educational support services, for $2 million. The consideration will consist of $1.2 million in cash and the issuance of $0.8 million new ordinary shares of RBO.
Popeyes Louisiana Kitchen Inc-Restaurant,TennesseeFour Corners Property Trust Inc1.7Four Corners Property Trust Inc acquired a Popeyes restaurant in Tennessee through a sale-leaseback deal with Cambridge Franchise Holdings for $1.7 million.
Less 4 CorpMedCareers Group Inc0.2MedCareers Group Inc signed a letter of intent to acquire the entire share capital of Less 4 Corp, an internet publisher, for $0.15 mil.
Cameron Oil & Gas Co Inc-SW Henshaw Premier Unit AssetsPermex Petroleum Corp0.1Permex Petroleum Corp of Canada signed a letter of intent to acquire the entire share capital of SW Henshaw Premier Unit property in Eddy County, New Mexico from Cameron Oil & Gas Co Inc for $0.1 million in common shares. Permex will get a 100% working interest and an 83.91% net revenue interest in the 840 gross acre property that houses 7 vertical oil wells. 2 produces 5 barrels of oil per day, while five are shut in wells that can be re-opened.
Signator Investors IncAdvisor Group IncAdvisor Group Inc plans to acquire Signator Investors Inc, an Irvine-based investment bank.
Kaercher Insurance Agency IncAlera Group IncAlera Group Inc acquired Kaercher Insurance Agency Inc, a Las Vegas-based insurance agency. The deal was to include Kaercher Campbell, Kaercher Insurance Agency and Sundance Insurance. Terms of the transaction were not disclosed.
Plymouth Rock Technologies IncAlexandra Capital CorpAlexandra Capital Corp of Canada plans to acquire Plymouth Rock Technologies Inc, a Dover-based manufacturer of search, detection, navigation, guidance, aeronautical and nautical systems and instruments.
Solitude Mountain ResortAlterra Mountain CoAlterra Mountain Co acquired Solitude Mountain Resort, a ski resort in Brighton.
Ace Pump CorpAnnovi Reverberi SpAAnnovi Reverberi SpA of Italy acquired a 95% stake in Ace Pump Corp, a Memphis-based manufacturer of pumping solutions.
DatapointLabs LLCApplus Services SAApplus Services SA of Spain acquired DatapointLabs LLC, an Ithaca-based testing laboratory.
Binney Chase & Van Horne IncArthur J Gallagher & CoArthur J Gallagher & Co acquired Binney Chase & Van Horne Inc, a Pasadena-based insurance agency.
Marchetti Robertson & Brickell Insurance & Bonding Agency IncArthur J Gallagher & CoArthur J Gallagher & Co acquired Marchetti Robertson & Brickell Insurance & Bonding Agency Inc, a Ridgeland-based insurance agency.
Swerdlin & CoAscensus IncAscensus Inc, jointly owned by Genstar Capital LLC and Aquiline Capital Partners LLC, acquired Swerdlin & Co, an Atlanta-based provider of insurance related services.
AppNexus IncAT&T CorpAT&T Corp, a unit of AT&T Inc, is rumored to be planning to acquire AppNexus Inc, a New York-based provider of data processing and hosting services, for around $2 bil.
Freight Solutions International LLC(Jardine Logistics)BioAnomaly IncQuanta plans to acquire the remaining stake it does not already own in Freight SolutionsInternational LLC, a Los Angeles-based provider of long-distance freight trucking services, from Jardine Logistics Holdings Ltd, owned by BALtrans Holdings Ltd.
PSAV Presentation ServicesBlackstone Group LPBlackstone Group LP definitely agreed to acquire PSAV Presentation Services, a Schiller Park-based provider of management consulting services, from Goldman Sachs Group Inc and Olympus Partners LP, via a leveraged buyout transaction.
Homesick CandlesBrand Value Growth LLCBrand Value Growth LLC plans to acquire Homesick Candles, which makes and sells artisanal candles with customized scents, from BuzzFeed Inc.
C&C Risk Services LLCBrown & Brown IncBrown & Brown Inc acquired C&C Risk Services LLC, a Florida-based insurance agency.
Loving & Etheredge IncBrown & Brown IncBrown & Brown Inc acquired Loving & Etheredge Inc, a Tyler-based insurance agency, and Arkansas Insurance Facilities Inc.
Wendco Corp-Restaurants(46)Carlisle CorpCarlisle Corp, a unit of Carlisle Cos Inc, acquired 46 restaurants of Wendco Corp, a Pensacola-based owner and operator of Wendy's restaurants, ultimately owned by Wendy's Co.
Clover Community Bankshares IncCarolina Trust Bank, Lincolnton, North CarolinaCarolina Trust Bank in Lincolnton, North Carolina definitively agreed to merge with Clover Community Bankshares Inc, a Clover-based commercial bank.
Wade Jurney Homes IncCentury Communities IncCentury Communities Inc acquired the remaining 50% stake it did not already own in Wade Jurney Homes Inc, a Greensboro-based residential property manager.
ASA Fire Protection LLCCentury Fire Protection IncCentury Fire Protection Inc, a unit of FirstService Corp, acquired ASA Fire Protection LLC, a Cartersville-based fireproofing building contractor. Concurrently, Century acquired Swift Fire Protection Inc.
Swift Fire Protection IncCentury Fire Protection IncCentury Fire Protection Inc, a unit of FirstService Corp, acquired Swift Fire Protection Inc, an Elberton-based fireproofing building contractor. Concurrently, Century acquired ASA Fire Protection LLC.
Need 2 Know IncCheddar IncCheddar Inc plans to acquire Need 2 Know Inc, a free daily newsletter publisher.
BioProtein TechnologyChris BergmanChris Bergman acquired BioProtein Technology, a Tampa-based manufacturer of medicinals and botanicals.
July Systems IncCisco Systems IncCisco Systems Inc plans to acquire July Systems Inc, a Burlingame-based provider of computer systems design services, via a privately negotiated transaction.
Clearesult Consulting IncClearesult Consulting Inc SPVClearesult Consulting Inc SPV, jointly owned by The Rise Fund and TPG Growth LLC, agreed to acquire Clearesult Consulting Inc, an Austin-based provider of technical consulting services, from General Atlantic LLC.
Royce Digital Systems IncDecisionPoint Systems IncDecisionPoint Systems Inc acquired Royce Digital Systems Inc, an Irvine-based software publisher.
Pathgather IncDegreed IncDegreed Inc acquired Pathgather Inc, a New York-based software publisher that provides enterprise learning platform for workforce applications.
Synaptics IncDialog Semiconductor PLCDialog Semiconductor PLC of Germany plans to acquire the entire share capital of Synaptics Inc, a San Jose- based manufacturer of semiconductors and related device. Earlier this month, Dialog Semiconductor PLC was rumored to be planning to acquire Synaptics Inc.
Outsource Fleet Services IncDickinson Fleet Services LLCDickinson Fleet Services LLC, a unit of Ridgemont Partners Management LLC, acquired Outsource Fleet Services Inc, a Bedford Park-based repair and maintenance provider for trucks.
Moki Mobility IncDura Holdings IncDura Holdings Inc acquired Moki Mobility Inc, a Lehi-based software publisher.
Willoughby Inc-Wholesale Distribution BusinessEmpire Petroleum Partners LLCEmpire Petroleum Partners LLC acquired the wholesale distribution business of Willoughby Inc, a Savannah-based petroleum and petroleum products wholesaler.
Donnelly Wealth Advisors IncEP Wealth Advisors IncEP Wealth Advisors Inc acquired Donnelly Wealth Advisors Inc, a San Diego-based provider of financial investment services.
Garden City Group Inc (Crawford & Co)Epiq Systems IncEpiq Systems Inc acquired Garden City Group Inc from Crawford & Co. The target provides legal administrative services for class action settlements and other claims administration, mass tort, solicitation, legal noticing programs, and bankruptcy cases worldwide.
Hampton Inn & Suites Newark-Harrison-RiverwalkExcel GroupExcel Group acquired the Hampton Inn & Suites Newark-Harrison-Riverwalk, a two-star hotel in Harrison, via a leveraged buyout transaction.
Roster.LaFanology LLCFanology LLC acquired RosterLA, a Culver City-based firm that provides video production services.
Fly Water TravelFar Bank EnterprisesFar Bank Enterprises Inc. acquired Fly Water Travel, an Ashland-based provider of travel arrangement and reservation services.
Center For Fiduciary Management LLCFi360 IncFi360 Inc acquired Center For Fiduciary Management LLC, a Leawood- based provider of insurance related services.
Quick Fuel Fleet ServicesFlyers Energy LLCFlyers Energy LLC acquired Quick Fuel Fleet Services, a Milwaukee-based heating oil dealer, from Jacobus Energy Inc.
Drillinginfo IncGenstar Capital LLCGenstar Capital LLC definitively agreed to acquire Drillinginfo Inc, an Austin-based software publisher, from Insight Venture Partners LLC via a secondary buyout transaction. Originally, Insight Venture acquired Drillinginfo.
California Cryobank IncGI Partners LLPGI Partners LLP plans to acquire California Cryobank Inc, a Los Angeles-based sperm bank operator, via a leveraged buyout transaction.
CBR Systems IncGI Partners LLPGI Partners LLP plans to acquire CBR Systems Inc, a San Bruno-based medical laboratory operator, from AMAG Pharmaceuticals Inc via a leveraged buyout transaction.
Great Plains Communications IncGrain Management LLCGrain Management LLC definitively agreed to acquire Great Plains Communications Inc, a Blair-based telecommunications reseller, from High Touch Inc via a leveraged buyout transaction.
Mckenzie Energy Partners LLCGravity Oilfield Services IncGravity Oilfield Services Inc, a unit of Clearlake Capital Group LP, acquired Mckenzie Energy Partners LLC, a Watford City-based company that provides midstream based water management solutions.
Newmarket Entertainment LLCGrover Gaming IncGrover Gaming Inc (GGI) acquired Newmarket Entertainment LLC, a Fredericksburg-based durable goods wholesaler. Concurrently, GGI acquired V-Tabs LLC.
V-Tabs LLCGrover Gaming IncGrover Gaming Inc (GGI) acquired V-Tabs LLC, a Williamsburg-based durable goods merchant wholesaler. Concurrently, GGI acquired Newmarket Entertainment LLC.
Bar Insurance Brokerage IncHilb Group LLCFlash; Hilb Group LLC, a unit of BHMS Investments LP, plans to acquire Bar Insurance Brokerage Inc, an insurance agency.
Winpoint Health LLCiGambit InciGambit Inc signed a letter of intent to acquire Winpoint Health LLC, a Cedarhurst-based provider of ambulatory health care services.
KeyprIntelity Solutions IncIntelity Solutions Inc acquired the entire share capital of Keypr, a Los Angeles-based software publisher.
Oniqua Pty LtdInternational Business Machines CorpInternational Business Machines Corp acquired Oniqua Pty Ltd, a Denver-based provider of custom computer programming services, from ASCO Group Ltd, ultimately owned by Phoenix Equity Partners Ltd.
Galleria Village Apartments,Charlotte,North CarolinaInvestor GroupAn investor group, comprising of True North Management Group LLC and Blaze Partners LLC, acquired Galleria Village Apartments in Charlotte.
Smashing Ideas IncLuxoft Holding IncLuxoft Holding Inc of Switzerland acquired Smashing Ideas Inc, a Seattle-based design and innovation agency, from Random House Inc, owned by Bertelsmann SE & Co KGaA.
North American Surveillance Systems IncMAG AerospaceMAG Aerospace acquired North American Surveillance Systems Inc, a Titusville- based provider of air transportation support services.
AADG IncMasonite International CorpMasonite International Corp acquired AADG Inc, a Mason City-based manufacturer of metal windows and doors.
Hinge IncMatch Group IncMatch Group Inc, a unit of IAC/InterActiveCorp, plans to acquire a 51% stake in Hinge Inc, a software publisher.
OppoBox LLCMIcfo LLCMIcfo LLC acquired OppoBox LLC, a gaming solutions provider.
Shields Comfort Care,Saginaw,MINational Health Investors IncNational Health Investors Inc (NHI) acquired Shields Comfort Care, a Retirement community in Saginaw.
PCI Synthesis IncNovacap SASNovacap SAS of France, a unit of Novacap SAS SPV, plans to acquire PCI Synthesis Inc, a Newburyport-based manufacturer of pharmaceutical preparations.
Sachi Hawaii-Pacific Century Properties LLCOpen House Co LtdOpen House Co Ltd of Japan plans to acquire the entire share capital of Sachi Hawaii-Pacific Century Properties LLC, a Honolulu-based provider of real estate services. Concurrently, Open House plans to acquire the entire share capital of Sachi Hawaii-Pacific Century Property Management LLC.
Sachi Hawaii-Pacific Century Property Management LLCOpen House Co LtdOpen House Co Ltd of Japan plans to acquire the entire share capital of Sachi Hawaii-Pacific Century Property Management LLC, a Honolulu-based residential property manager. Concurrently, Open House plans to acquire the entire share capital of Sachi Hawaii-Pacific Century Properties LLC.
Circle Bolt & Nut CoOptimas OE Solutions LLCOptimas Oe Solutions Holding LLC acquired Circle Bolt & Nut Co, a supplier of standard fasteners and specialty products.
Simility IncPayPal Holdings IncPayPal Holdings Inc plans to acquire Simility Inc, a San Carlos-based software publisher.
Bhang CorpPele Mountain Resources IncPele Mountain Resources Inc of Canada plans to acquire the remaining stake it does not already own in Bhang Corp, a provider of support services.
Free-Flow Packaging International IncPregis LLCPregis LLC plans to acquire Free-Flow Packaging International Inc, a Redwood City-based manufacturer of polystyrene foam products.
Betterdoctor IncQuest Analytics LLCQuest Analytics LLC, a unit of Vestar Capital Partners Inc, plans to acquire Betterdoctor Inc, a San Francisco-based software publisher.
Baystate Consulting LLCRight Networks LLCRight Networks LLC acquired Baystate Consulting LLC, a Sarasota-based provider of data import/export tools and services.
Craford IncRisk Strategies Co IncRisk Strategies Co Inc, a unit of Kelso & Co, acquired Craford Inc, a San Rafael-based provider of benefit consulting services.
Metro Truck & Tractor Leasing IncRyder System IncRyder System Inc acquired the entire share capital of Metro Truck & Tractor Leasing Inc, a Beltsville-based provider of truck rental and leasing services.
Convergys CorpSYNNEX CorpSYNNEX Corp is rumored to be planning to acquire the entire share capital of Convergys Corp, a Cincinnati-based provider of telephone answering services.
Oracle Packaging Inc-Healthcare Packaging PortfolioTekni-Plex IncTekni-Plex Inc, a unit of Genstar Capital LLC, acquired healthcare packaging portfolio of Oracle Packaging Inc, a Winston-Salem-based manufacturer of paper packing products ultimately owned by Centre Lane Partners LLC.
Lime CrimeTengram Capital Partners LLCTengram Capital Partners LLC acquired Lime Crime, a Los Angeles-based cosmetics retailer, via a leveraged buyout transaction.
BergerABAM IncThe Louis Berger Group IncThe Louis Berger Group Inc, a unit of Berger Group Holdings Inc, acquired the remaining stake it does not already own in BergerABAM Inc, a Federal Way-based provider of engineering services.
Interactive Accessibility IncThe Paciello Group LLCThe Paciello Group LLC, a unit of VFO Group, acquired the entire share capital of Interactive Accessibility Inc, a Sudbury-based provider of custom computer programming services.
Palmer Printing CoThe Vomela CosThe Vomela Cos acquired Palmer Printing Co, a Waite Park-based provider of commercial printing services.
MyAlerts IncThink3 IncThink3 Inc, a unit of Versata Inc, acquired MyAlerts Inc, a Minneapolis-based provider of e-commerce marketing platform, via a leveraged buyout transaction.
TranslateNow LLCTransperfect Global Inc.Transperfect Global Inc. acquired TranslateNow LLC, a San Francisco-based provider of translation and interpretation services.
Akouba IncVelocity Solutions IncVelocity Solutions Inc, a unit of HIG Capital LLC, acquired Akouba Inc, a Chicago-based provider of custom computer programming services.
Margaritaville Resort Casino-Real Estate AssetsVICI Properties IncVICI Properties Inc definitively agreed to acquire the real estate assets of Margaritaville Resort Casino in Bossier City.
Virginia Beach Resort Hotel & Conference Center IncVirginia Beach Resort Hotel & Conference Center Inc SPVVirginia Beach Resort Hotel & Conference Center Inc SPV, formed by Lingerfelt CommonWealth Realty Partners LLC and Jdi Realty LLC, acquired the Virginia Beach Resort Hotel & Conference Center Inc, a Virginia Beach-based casino hotel operator, via a leveraged buyout transaction.
MIPS Technologies IncWave Computing IncWave Computing Inc plans to acquire MIPS Technologies Inc, a Sunnyvale-based manufacturer of semiconductors and related devices, from Imagination Technologies Group PLC, owned by CBFI Investment Ltd.
The USA Savings Club LLCXalles Holdings IncXalles Holdings Inc acquired The USA Savings Club LLC, a Holiday-based provider of personal services.
US M&A Deals Announced June 15 to 21, 2018
Source: Thomson Reuters