TargetAcquirerValue ($millions)Synopsis
Newmont Mining CorpBarrick Gold Corp23,444.8Barrick Gold Corp of Canada plans to merge with Newmont Mining Corp, a Greenwood Village-based gold ore mine operator, via a stock swap transaction valued at a sweetened $23.445 billion via an unsolicited offer. Barrick offered 2.5694 shares per Newmont share. Based on Barrick's closing stock price of $17.13 on 22 February 2019, the last full trading day prior to the announcement of the sweetened value, each Newmont share was valued at $44.014. Upon completion of the deal, Barrick and Newmont will respectively own 55.9% and 44.1% stake of the combined entity. Concurrently, Newmont definitively agreed to acquire the entire share capital of Goldcorp Inc. The transaction was conditioned upon the termination of Newmont's acquisition of Goldcorp. Previously, Barrick offered $18.862 billion on a nil premium basis. Originally, in February 2019, Barrick was rumored to be planning to merge with Newmont.
GE Healthcare Life Sciences-Biopharma BusinessDanaher Corp21,400.0Danaher Corp definitively agreed to acquire the biopharma business of GE Healthcare Life Sciences, a Pittsburgh-based biotechnology company ultimately owned by General Electric Co, for about $21.4 billion. The consideration would consist of $20 billion in cash and the assumption of $400 million in liabilities.
Versum Materials IncMerck KGaA5,250.7Merck KGaA of Germany plans to acquire the entire share capital of Versum Materials Inc, a Tempe-based chemical products manufacturer, for $48 in cash per share or a total of $5.251 billion via an unsolicited offer. Previously, Entegris Inc definitively agreed to merge with Versum for $3.835 billion. Originally, in January 2019, Entegris was rumored to be planning to merge with Versum.
Spark Therapeutics IncRoche Holdings Inc4,608.9Roche Holdings AG's unit Roche Holdings Inc definitively agreed to acquire the entire share capital of Spark Therapeutics Inc, a Philadelphia-based biological products manufacturer, for $114.5 in cash per share or a total of $4.609 billion via tender offer. The offer was conditional upon at least a majority of Spark's shares being tendered. Originally, in February 2019, Roche AG was rumored to be planning to acquire the entire share capital of Spark.
Multi-Color CorpPlatinum Equity LLC2,525.9Platinum Equity LLC definitively agreed to merge with Multi-Color Corp, a Batavia-based label printing services provider, for $50 in cash per share or a total of $2.526 billion including the assumption of $1.5 billion via a leveraged buyout transaction.
Speedpay IncACI Worldwide Inc750.0ACI Worldwide Inc definitively agreed to acquire Speedpay Inc, an Englewood-based provider of electronic bill presentment and payment solutions, from Western Union Co for about $750 million in cash.
Wishbone Energy Partners LLC- North Central Basin Platform AssetsRing Energy Inc300.0Ring Energy Inc plans to acquire the North Central basin platform assets of Wishbone Energy Partners LLC, a Houston-based producer of crude petroleum and natural gas, for $300 mil.
1347 Property Insurance Holdings Inc-Homeowners Insurance OperationsFederated National Holding Co69.0Federated National Holding Co (FedNat) definitively agreed to acquire the homeowners' insurance operations of Baton Rouge-based 1347 Property Insurance Holdings Inc for about $69.029 million. The consideration will consist of $25.5 million in cash and the issuance of $1.35 million in common shares valued at $25.529 million and $18 million in notes. The shares were valued based on FedNat's closing stock price of $18.91 on 22 December 2018, the last full trading day prior to the announcement.
SunOpta Inc-Specialty & Organic Soy & Corn BusinessPipeline Foods LLC66.5Pipeline Foods LLC acquired the specialty & organic soy and corn business of Sunopta Inc, a Mississauga-based soybean processor, for $66.5 mil.
Peck Electric Co IncJensyn Acquisition Corp52.1Jensyn Acquisition Corp definitively agreed to acquire the entire share capital of Peck Electric Co Inc, a South Burlington-based electric power distributor, for $52.092 million via a stock swap reverse takeover transaction. The consideration would consist of 3.235 million Jensyn common shares plus up to $11.006 million in profit-related payments. The shares were valued based on Jensyn's closing stock price of $12.25 on 8 September 2018, the last full trading day prior to the announcement. Upon completion of the deal, Peck will be renamed as The Peck Company Inc and will be listed in the Nasdaq Capital Market under the ticker symbol PECK.
Northport Logistics CenterGraham Commercial Properties LLC49.0Graham Commercial Properties LLC acquired the 872,627-sq-ft Northport Logistics Center in Jacksonville from Real Capital Solutions Inc for $49 mil.
CCPI IncVesuvius PLC43.4Vesuvius PLC of the UK agreed to acquire CCPI Inc, a Blanchester-based manufacturer of measuring, displaying and controlling variables instruments and related products, from Prospect Capital Corp for $43.4 million in cash.
Weeden & Co LPPiper Jaffray Cos42.0Piper Jaffray Cos plans to acquire the entire share capital of Weeden & Co LP, a Greenwich-based investment bank, from Weeden Investors LP for $42 mil.
King Farm Village Center,Rockville,MarylandThe Sterling Organization LLC40.0The Sterling Organization LLC acquired King Farm Village Center, a 118,326 sq ft grocery-anchored shopping center in Rockville, for $40 million via a leveraged buyout transaction.
PACIFIC WOODTECH CORPDaiken Corp19.0Daiken Corp of Japan plans to acquire a 51% stake in PACIFIC WOODTECH CORP, a Burlington-based manufacturer and wholesaler of wood products, for $18.974 million from ITOCHU International Inc, ultimately owned by Itochu Corp. Concurrently, Daiken planned to acquire a 51% stake in CIPA Lumber Co Ltd.
Pure Ratios Holdings IncCannex Capital Holdings Inc8.2Cannex Capital Holdings Inc of Canada signed a letter of intent to acquire the entire share capital of Pure Ratios Holdings Inc, a San Diego-based manufacturer of medicinals and botanicals, for $8.171 million. The consideration will consist of $2 million in cash, issuance of 3.5 million Cannex common shares valued at $3.171 mil, $2.5 million in profit-related payments, and assumption of $0.500 million in liabilities. The shares were valued based on Cannex's closing stock price of $0.905 on 22 February 2019, the last full trading prior the announcement.
Mr Natural IncAustralis Capital Inc1.3Aurora Cannabis Inc's unit Australis Capital Inc acquired the entire share capital of Mr. Natural Inc, a Brooklyn-based grocery products wholesaler, for $1.3 mil.
Sierra Blockchain IncBLOK Technologies Inc0.0Web Watcher Systems Ltd's unit BLOK Technologies Inc of Canada signed a letter of intent to acquire the entire share capital of Sierra Blockchain Inc, a provider of custom computer programming services, for 24 million BLOK common shares or a total of $0.0455 million via a stock swap transaction. The shares were valued based on BLOK's closing stock price of $0.019 on 25 February 2019, the last full trading day prior to the announcement.
Millbury Savings BankBankhometownHometown Financial Group Inc's unit Bankhometown plans to acquire the entire share capital of Millbury-based Millbury Savings Bank.
Schwan's CoCJ CheilJedang CorpCJ CheilJedang Corp of South Korea acquired Schwan's Co, a Marshall-based specialty foods manufacturer, from CJ Foods DE Corp, owned by CJ Foods Corp.
Sherpaa Health IncCrossover Health Medical Group APCCrossover Health Medical Group APC acquired Sherpaa Health Inc, a provider of individual and family services.
Kiplinger Washington Editors IncDennis Publishing LtdExponent Private Equity LLP's unit Dennis Publishing Ltd of the UK acquired Kiplinger Washington Editors Inc, a Washington-based book publisher.
Village Chevrolet Co Wayzata Auto CenterEd Napleton Automotive GroupEd Napleton Automotive Group acquired Village Chevrolet Company Wayzata Auto Center, a Wayzata-based wholesaler of auto vehicles and parts. Concurrently, Napleton acquired Lexus of Maplewood and Lexus of Wayzata, both new car dealers located in Maplewood and Wayzata.
Abilities UnitedGatepathGatepath plans to merge with Abilities United, a Palo Alto-based human rights organization.
Onlife Health IncGuideWell IncGuideWell Mutual Holding Corp's unit GuideWell Inc acquired Onlife Health Inc, a Brentwood-based software publisher, from BlueCross BlueShield of Tennessee Inc and Cambia Health Solutions Inc.
Thermopylae Sciences & Technology LLCHexagon ABHexagon AB of Sweden agreed to acquire Thermopylae Sciences & Technology LLC, an Arlington-based software developer.
Homestreet Bank-Mortgage BusinessHomebridge Financial Services IncHomebridge Financial Services Inc signed a letter of intent to acquire the mortgage business of Seattle-based Homestreet Bank, ultimately owned by Homestreet Inc. Originally, in February 2019, Homestreet was searching a buyer for its mortgage business.
Northern California Injection Moldings IncKruger Plastic Products LlcHC Private Investments LLC's unit Kruger Plastic Products LLC acquired Northern California Injection Moldings Inc, a Rancho Cordova-based plastics products manufacturer. The transaction included El Dorado Molds.
Intermarket CommunicationsLansons Communications LLPLansons Communications LLP of the UK acquired Intermarket Communications, a New York City-based provider of advertising related services.
Preferred Freezer Services LLCLineage Logistics Holdings LLCBay Grove Capital LLC's unit Lineage Logistics Holdings LLC definitively agreed to acquire Preferred Freezer Services LLC, a Chatham-based provider of refrigerated warehousing and storage services, from Fenway Partners LLC for around $1 bil.
Worksoft IncMarlin Equity Partners LLCMarlin Equity Partners LLC acquired Worksoft Inc, an Addison-based software publisher.
Wellsoft CorpMedsphere Systems CorpMedsphere Systems Corp acquired Wellsoft Corp, a Somerset-based provider of electronic medical record software.
GL&V USA IncMetso OyjValmet-Rauma Oyj's unit Valmet Oy of Finland agreed to acquire GL&V USA Inc, a Nashua-based paper industry machinery manufacturer.
Coastal Flow Measurement IncQuorum Business Solutions IncThoma Bravo LLC's unit Quorum Business Solutions Inc definitively agreed to acquire Coastal Flow Measurement Inc, a Houston-based provider of support services for oil and gas operations. The transaction would include the acquisition of Flow-Cal Inc.
Newell Brands Inc-Rexair BusinessRhone Capital LLCRhone Group LLC's unit Rhone Capital LLC definitively agreed to acquire the Rexair business of Newell Brands Inc, a Hoboken-based plastics products manufacturer, via a leveraged buyout transaction.
Rexair LLCRhone Capital LLCRhone Group LLC's unit Rhone Capital LLC definitively agreed to acquire Rexair LLC, a Troy-based household vacuum cleaners manufacturer, via a leveraged buyout transaction from Jarden Corp, ultimately owned by Newell Brands Inc.
Old Navy IncShareholdersGap Inc plans to spinoff Old Navy Inc, an Austin-based men's clothing retailer, to its shareholders.
Arrinex IncStryker CorpStryker Corp acquired Arrinex Inc, a Menlo Park-based medical instruments manufacturer.
Mantica IncTAS Tecnologia Avanzata dei Sistemi SpATasnch Holding SpA's unit TAS Tecnologia Avanzata dei Sistemi SpA of Italy acquired an 80% stake in Mantica Inc, a New York City-based provider of custom computer programming services.
ConnectWise IncThoma Bravo LLCThoma Bravo LLC plans to acquire ConnectWise Inc, a Tampa-based software publisher.
Kestra Financial IncWarburg Pincus LLCWarburg Pincus LLC agreed to acquire a majority interest in Kestra Financial Inc, an Austin-based investment advisor, from Stone Point Capital LLC via a leveraged buyout transaction.
Amrep IncWastequip IncHIG Capital LLC's unit Wastequip Inc acquired Amrep Inc, a Marietta-based sanitation goods manufacturer, from Zep Inc, owned by New Mountain Capital LLC.
Health Care Software IncWellsky IncWellsky Inc, a unit of TPG Capital LP, acquired Health Care Software Inc, a Wall-based software reproducer.
Sea Pine Technologies LLCZurich North AmericaZurich Financial Services AG's unit Zurich North America acquired Sea Pine Technologies LLC, a Virginia Beach-based provider of custom computer programming services, from Zurich American Insurance Co, ultimately owned by Zurich Insurance Group AG.
US M&A Deals Announced February 22 to 28, 2019
Source: Refinitiv, formerly Thomson Reuters' Financial & Risk business.