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Target | Acquirer | Value ($millions) | Synopsis |
Viacom Inc | CBS Corp | 11695.4 | CBS Corp (CBS), a unit of National Amusements Inc (NAI), definitively agreed to merge with Viacom Inc (Viacom) , a New York City-based producer of motion pictures and videos, from NAI, in a stock swap transaction valued at $11.695 bil, in an internal reorganization. CBS offered 0.59625 common shares per Viacom share. Based on CBS' closing stock prices of $48.88 and $48.04 on 12 August 2019, the last full trading day prior to the announcement, Viacom shares were valued at $29.145 and $28.644. Upon completion, CBS and Viacom were to own 61% and 39% in the merged entity named ViacomCBS Inc, respectively. Originally, in April 2018, CBS was rumored to be planning to merge with Viacom. |
Presidio Inc | BC Partners LLP | 1372.3 | BC Partners LLP of the UK definitively agreed to acquire the entire share capital of Presidio Inc (Presidio), a New York City-based provider of infrastructure platform solutions, from AP VIII Aegis Holdings LP (42.442%), a unit of Apollo Investment Fund VIII LP and other shareholders, for $16 in cash per share, or a total $1.372 bil, in a leveraged buyout transaction. Upon completion, Presidio common shares were to be delisted from NASDAQ Global Select Market. |
Broadmark Capital LLC | Trinity Merger Corp | 1198.2 | Trinity Merger Corp definitively agreed to merge with Broadmark Capital LLC, a Seattle-based provider of real estate credit services, for a total $1.198 bil, in a stock swap transaction. The consideration was to consist of $1.1 billion in common shares and $98.16 mil cash. Upon completion, the merged entity was to be named Broadmark Realty Capital Inc and be listed in New York Stock Exchange. |
Wesco Aircraft Holdings Inc | Pattonair Ltd | 1122.7 | Pattonair Ltd of the UK, a unit of Platinum Equity LLC, definitively agreed to merge with Wesco Aircraft Holdings Inc (Wesco), a Valencia-based wholesaler of aircraft parts and equipment, from The Carlyle Group LP (23.155%), Snyder Trusts (10.546%) and Makaira Partners LLC (10.845%) and other shareholders, for $11.05 in cash per share, or a total $1.123 bil, in a leveraged buyout transaction. Upon completion, Wesco will be delisted from the New York Stock Exchange. Originally, in May 2019, Wesco was rumored to be seeking a buyer for the entire share capital of the company. |
Mutual of Omaha Bank | CIT Bank NA | 1000.0 | CIT Bank NA, a unit of CIT Group Inc (CIT Group), definitively agreed to merge with Mutual of Omaha Bank, an Omaha-based federal savings bank, from Mutual of Omaha Insurance Co, for a total value of $1 billion. The consideration was to consist of $850 mil in cash and $150 mil in CIT Group common shares. |
Atlas Intermediate Holdings LLC | Boxwood Merger Corp | 617.0 | Boxwood Merger Corp definitively agreed to merge with Atlas Intermediate Holdings LLC, an Austin-based provider of support services, for a total $617 mil. The consideration was to consist of $337 mil in cash, $120 mil in units, and the assumption of $160 mil in liabilities. |
Cavion Inc | Jazz Pharmaceuticals PLC | 312.5 | Jazz Pharmaceuticals PLC acquired Cavion Inc, a Charlottesville-based manufacturer of pharmaceutical preparation, for an estimated $312.5 mil. The consideration consisted of $52.5 mil and up to $260 mil in profit- related payments. |
Two River Bancorp | OceanFirst Financial Corp | 183.1 | OceanFirst Financial Corp (OceanFirst) definitively agreed to merge with Two River Bancorp, a Middletown-based commercial bank, for a total $183.104 mil, in a stock swap transaction. The consideration was to consist of 0.6663 common share and $5.375 in cash per share. The shares were valued based on Ocean First's closing stock price of $23.14 on 8 August 2019, the last full trading day prior to the announcement. Concurrently, Ocean definitively agreed to merge with Country Bank Holding Co Inc. |
Country Bank Holding Co Inc | OceanFirst Financial Corp | 102.2 | OceanFirst Financial Corp (OceanFirst) definitively agreed to merge with Country Bank Holding Co Inc (Country Bank), a New York City-based commercial bank, in a stock swap transaction valued at $102. 233 mil. OceanFirst offered 2000 common shares per Country Bank share. Based on OceanFirst's closing stock price of $23.14 on 8 August 2019, the last full trading day prior to the announcement, each Country Bank's share was valued at $46,280. Concurrently, OceanFirst definitively agreed to merge with Two River Bancorp |
Janesville Fiber Solutions | Motus Integrated Technologies | 85.0 | Motus Integrated Technologies, a unit of Atlas Holdings LLC, definitively agreed to acquire Janesville Fiber Solutions, a Southfield-based manufacturer of motor vehicle seats and interior trims, from Jason Industries Inc, for an estimated $85 mil. |
Alcentra Capital Corp | Crescent Capital BDC Inc | 40.9 | Crescent Capital BDC Inc definitively agreed to merge with Alcentra Capital Corp (Alcentra), a New York-based business development company, for $3.178 in cash, or a total value of $40.919 mil. Originally, in April 2019, Alcentra was rumored to be seeking a buyer for the company. |
Peoples Bankshares Inc,Montross,Virginia | C&F Financial Corp | 21.5 | C&F Financial Corp (C&F) definitively agreed to merge with Peoples Bankshares Inc (Peoples), a Montross-based commercial bank, for $54. 989 per share, or a total $21.525 mil, in a stock swap transaction. The consideration was to consist of $27 in cash per share and 0.5366 C&F common share per Peoples share. Based on C&F's closing stock price of $52.16 on 12 August 2019, the last full trading day prior to the announcement, each Peoples share was valued at $54.989. |
Campbellohio-Water Treatment & Distribution Assets | Aqua America Inc | 7.5 | Aqua America Inc agreed to acquire water treatment & distribution assets of Campbellohio, a Campbell-based city government, the US state-owned Campbell,Ohio, for a total $7.5 mil. |
Dabble Extracts | Medicine Man Technologies Inc | 3.5 | Medicine Man Technologies Inc (Medicine Man Technologies) definitively agreed to acquire the entire share capital of Dabble Extracts, a Colorado Springs-based cannabis concentrate company, for a total $3.511 mil, in a stock swap transaction. The consideration was to consist of $0.75 mil in cash and 0. 997 mil common shares valued at $2.761 mil. The shares were valued based on Medicine Man Technologies' closing stock price of $2.77 on 9 August 2019, the last full trading day prior to the announcement. |
Real Broker LLC | ADL Ventures Inc | | ADL Ventures Inc of Canada entered into a Letter of Intent {LoI} to acquire the entire share capital of Real Broker LLC, real estate agency. |
Premier Consulting Associates LLC | AssuredPartners Inc | | AssuredPartners Inc, a unit of Apax Partners LP, acquired Premier Consulting Associates LLC, an Amherst-based provider of health benefits consulting services |
Tumblr Inc | Automattic Inc | | Automattic Inc planned to acquire Tumblr Inc, a New York-based internet portal operator, from Verizon Communications Inc, in a reverse takeover transaction. Originally, in May 2019, Verizon Communications Inc was rumored to be seeking a buyer for its Tumblr Inc unit. Pornhub was rumored bidder. |
WBR Insurance Agency LLC | Brown & Brown Insurance Agency of Virginia Inc | | Brown & Brown Insurance Agency of Virginia Inc, a unit of Brown & Brown Inc, acquired WBR Insurance Agency LLC, a Virginia Beach-based insurance agency. The transaction was to include Wilson Insurance Agency Inc, Bell Insurance Agency Corp and Robertson Insurance Agency Co. |
Ritter Communications | Grain Management LLC | | Grain Management LLC definitively agreed to acquire an undisclosed majority interest in Ritter Communications, a Jonesboro-based wireless telecommunications carrier, from E Ritter & Co, in a leveraged buyout transaction. |
GSL Biotech LLC | GraphPad Software Inc | | GraphPad Software Inc, a unit of Insight Venture Partners LLC, acquired GSL Biotech LLC, a Chicago-based software publisher. |
Insys Therapeutics Inc-Assets | Hikma Pharmaceuticals PLC | | Hikma Pharmaceuticals PLC of the UK agreed to acquire assets of the bankrupt Insys Therapeutics Inc, a Chandler-based manufacturer of pharmaceutical preparation. Originally, in June 2019, the bankrupt Insys Therapeutics Inc announced that it was seeking a buyer for its assets. |
Brooklyn Nets Basketball Team | Joseph Tsai | | Joseph Tsai of Canada was rumored to be planning to acquire the remaining 51% interest, which it did not already own, in Brooklyn Nets Basketball Team, a Brooklyn-based sports club, from Onexim Sports & Entertainment Holding Usa Inc, owned by Gruppa Oneksim OOO. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $2.35 bil. |
C&A Industries Inc | Medical Solutions LLC | | Medical Solutions LLC, a unit of TPG Growth LLC, definitively agreed to acquire C&A Industries Inc, an Omaha-based provider of executive search services. Terms were not disclosed. |
Regent Wealth Management Group Inc | Mercer Global Advisors Inc | | Mercer Global Advisors Inc, a unit of Marsh & McLennan Cos Inc, acquired Regent Wealth Management Group Inc, a Woodbridge-based provider of financial investment services. |
The Mechanic Group | Specialty Program Group LLC | | Specialty Program Group LLC, a unit of Hub International Ltd, acquired The Mechanic Group, a Pearl River-based insurance agency. |
Greats Brand Inc | Steven Madden Ltd | | Steven Madden Ltd acquired Greats Brand Inc, a Brooklyn-based manufacturer and retailer of footwear. |
Pivotal Software Inc | VMware Inc | | VMware Inc, a unit of EMC Corp, was rumored to be planning to acquire the entire share capital of Pivotal Software Inc, a San Francisco-based software publisher. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $4 bil. |
Best & Cavallaro | William Pitt Sotheby's International Realty | | William Pitt Sotheby's International Realty acquired the entire share capital of Best & Cavallaro, a Salisbury-based law office. |
Zoom North America LLC | Zoom Corp | | Zoom Corp of Japan planned to raise its interest to 66.666%, from 33.333%, by acquiring a 33.333% stake in Zoom North America LLC, musical instruments retailer, from Rudolph Family Group LLC and Scott Elliot Goodman. |
US M&A Deals Announced August 09 to 15, 2019 | | | |