Weekly wrap: Anheuser-Busch, Allegro, OpenText

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US M&A Deals Announced November 08 to 14, 2019
Target Acquirer Value ($millions) Synopsis
SunTrust Bank-Branches(30) First Horizon Bank,Memphis,TN First Horizon Bank, a unit of First Horizon National Corp, planned to acquire 30 branches of SunTrust Bank, an Atlanta-based commercial bank, ultimately owned by SunTrust Banks Inc (SBI). The transaction was a condition to the completion of the merger of BBT&T Corp and SBI.
TGI Friday's Inc Allegro Merger Corp 380.0 Allegro Merger Corp definitively agreed to merge with TGI Friday's Inc, a Carrollton-based full-service restaurant operator, for a total $380 mil, including the assumption of $350 million in liabilities.
The Ctr For Digestive & Liver United Digestive United Digestive, a unit of AGA LLC, acquired The Center For Digestive & Liver Health & The Endoscopy Center, a Savannah-based freestanding ambulatory surgical and emergency center operator.
Brookfield Open Space Legacy Weantinoge Heritage Land Tr Weantinoge Heritage Land Trust Inc acquired the remaining stake, which it did not already own, in Brookfield Open Space Legacy Inc, a Brookfield-based environment conservation organization.
Dow Diversified Inc Haldeman Homme Inc Haldeman Homme Inc acquired Dow Diversified Inc, a Costa Mesa-based provider of interior design services.
Third Coast Mdstrm-Gatrng Bssn Starwood Energy Group Global Starwood Energy Group Global LLC, a unit of Starwood Capital Group Global LLC, planned to acquire gathering business of Third Coast Midstream Llc, a Houston-based pipeline transportation services of natural gas, owned by Arclight Energy Partners Fund V LP, in a leveraged buyout transaction.
Deluxe Sheet Metal Inc Alpine 4 Technologies Ltd Alpine 4 Technologies Ltd planned to acquire Deluxe Sheet Metal Inc, a South Bend-based roofing contractor.
Carbonite Inc OpenText Corp 813.0 OpenText Corp of Canada agreed to acquire the remaining stake, which it did not already own, in Carbonite Inc, a Boston-based provider of data processing and hosting services, for an estimated $812.994 million in cash, via tender offer.
Craft Brew Alliance Inc Anheuser-Busch Cos Inc 223.1 Anheuser-Busch Cos Inc, a unit of Anheuser-Busch Inbev SA/NV, agreed to acquire the entire share capital of Craft Brew Alliance Inc, a Portland-based brewery, for $16.5 in cash per share, or a total value of $223.084 mil.
eSilicon Corp Inphi Corp 216.0 Inphi Corp definitively agreed to acquire eSilicon Corp, a San Jose-based manufacturer of semiconductors and related device, for a total $216 million. The consideration was to consist of $216 million in cash and the assumption of liabilities
Kemet Corp Yageo Corp 1578.3 Yageo Corp of Taiwan definitively agreed to acquire the entire share capital of KEMET Corp (KEMET), a Fort Lauderdale-based manufacturer of electronic capacitors, for $27.20 in cash per share, or a total value of $1.578 billion. Upon completion, KEMET common shares were to be delisted from the NYSE.
Ladenburg Thalmann Finl Svcs Advisor Group Inc 529.5 Advisor Group Inc, a unit of Reverence Capital Partners LLC, definitively agreed to acquire the entire share capital of Ladenburg Thalmann Financial Services Inc, a Miami-based securities brokerage, for $3.50 in cash per share or a total value of $529.471 mil.
Esilicon Corp-Cert Ip Asts Synopsys Inc Synopsys Inc definitively agreed to acquire certain IP assets of Esilicon Corp, a San Jose-based manufacturer of semiconductors and related device. Terms were not disclosed.
Cui Global Inc-Power Bus Bel Fuse Inc 32.0 Bel Fuse Inc planned to acquire an undisclosed majority ownership interest in power business of CUI Global Inc, a Tualatin-based electronic parts and equipment merchant wholesaler, for a total $32 mil.
Clear Genetics Inc Invitae Corp 50.0 InVitae acquired Clear Genetics Inc, a San Francisco-based reproducer of software, for an estimated $50 million. The consideration consisted of an estimated $25 million in cash and $25 million in common shares.
Devon Energy Corp-Gas QL Capital Partners LP QL Capital Partners LP planned to acquire gas gathering & compression infrastructure of Devon Energy Corp, an Oklahoma City-based producer of crude petroleum and natural gas, in the formation of a joint venture.
Presence Of It Workforce Mgmt Workforce Insight LLC Workforce Insight LLC definitively agreed to acquire Presence Of IT Workforce Management North America LLC, a Dallas-based provider of human resources and executive search consulting services.
Bezalels Jewelry Inc Emerald Organic Products Inc Emerald Organic Products Inc agreed to acquire a 51% interest in Bezalels Jewelry Inc, a San Diego-based jewelry store operator.
T&R Alarm Systems Inc Supreme Security Systems Inc Supreme Security Systems Inc acquired T&R Alarm Systems Inc, a Clifton-based electrical apparatuses and equipment merchant wholesaler.
Atom Instrument LLC COSA Xentaur Corp 0.5 COSA Xentaur Corp agreed to acquire Atom Instrument LLC, a Houston-based manufacturer of analytical laboratory instruments, from Advanced Environmental Technologies Pte Ltd, ultimately owned by Advanced Holdings Ltd, for a total $0.536 mil.
Continental Building Products Cie de Saint-Gobain SA 1284.4 Cie de Saint-Gobain SA of France definitively agreed to merge with Continental Building Products Inc, a Herndon-based manufacturer of gypsum products, from Lone Star Funds, for $37 in cash per share, or a total value of $1.284 bil.
Biofirma Llc Self Care Regeneration Llc 0.3 Self Care Regeneration LLC planned to acquire Biofirma LLC, a Miami-based provider of support services, from IMAC Holdings Inc, for a total $0.321 mil.
Grammatech Inc Five Points Capital Partners Five Points Capital Partners, a unit of Branch Banking & Trust Co,Winston- Salem,North Carolina, acquired Grammatech Inc, an Ithaca-based software publisher.
Nasdaq Futures Inc-Core Asts European Energy Exchange AG European Energy Exchange AG of Germany, a unit of Eurex AG, agreed to acquire core assets of Nasdaq Futures Inc, a Philadelphia-based investment bank, ultimately owned by NASDAQ Inc.
Gould & Naimoli Partners Llc Hilb Group LLC Hilb Group LLC, a unit of ABRY Partners LLC, acquired Gould & Naimoli Partners LLC, a Southborough-based insurance agency.
Armstrong Produce Ltd Sysco Corp Sysco Corp acquired Armstrong Produce Ltd, a Honolulu-based fresh fruits and vegetables merchant wholesaler.
Green Thumb-Cannabis facility Innovative Industrial Ppty Inc 20.3 Innovative Industrial Properties Inc acquired cannabis cultivation & processing facility of Green Thumb Industries Inc, a Chicago-based manufacturer of medicinals and botanicals, for a total $20.3 mil.
Atlas 3d Inc Siemens AG Siemens AG of Germany planned to acquire Atlas 3d Inc, a Plymouth-based provider of custom computer programming services. Terms of the transaction were not disclosed.
Chesapeake Energy-Haynesville Comstock Resources Inc Comstock Resources Inc, a unit of Blue Star Exploration Co, was rumored to be planning to acquire Haynesville Shale Assets in Louisiana of Chesapeake Energy Corp, an Oklahoma City-based oil and gas exploration and production company. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $1 bil.
Tech Data Corp Apollo Global Management Inc 4628.2 Apollo Global Management Inc, definitively agreed to merge with Tech Data Corp, a Clearwater-based wholesaler of technology products, for $130 in cash per share, or a total value of $4.628 bil, in a leveraged buyout transaction. Originally, in October 2019, Apollo Global Management LLC was rumored to be planning to acquire the entire share capital of Tech Data Corp.
Public Interest Registry Ethos Capital Management Inc Ethos Capital Management Inc agreed to acquire Public Interest Registry, a Reston-based internet company, from Internet Society, in a leveraged buyout transaction.