Weekly wrap: Hitachi, Jacobs Engineering, MiddleGround

robotmanufacturing
A robotic arm lifts boxes of Chuckie, a Nestle SA chocolate flavored milk drink, at the company's factory in Batangas province, the Philippines, on Tuesday, April 2, 2019. Nestle Philippines targets to double production of its chocolate milk brand product with its new 2.8b-peso plant in Batangas province, chairman and CEO Kais Marzouki says. Photographer: Veejay Villafranca/Bloomberg

Target Acquirer Value ($millions) Synopsis
Anadarko Petroleum Corp Occidental Petroleum Corp 38371.2 Occidental Petroleum Corp (Occidental) planned to launch an unsolicited challenging offer acquire the entire share capital of Anadarko Petroleum Corp (Anadarko), a Woodlands-based oil and gas exploration and production company, for $38.371 bil, in a stock swap transaction. Occidental offered 38 in cash and 0.6094 common shares per Anadarko common shares, and the assumption of undisclosed amount in liabilities. Based on Occidental's closing stock price of $62.36 on 23 April 2019, the last full trading prior to the announcement, each share was valued at $76.002. Occidental and Anadarko shareholders were to own 71% and 29% of the merged entity, respectively. Previously, Chevron Corp definitively agreed to acquire the entire share capital of Anadarko. Originally, in April 2019, Occidental was rumored to be planning to acquire the entire share capital of Anadarko.
30 Hudson Yards,New York City,New York Related Cos LP 2200.0 Related Cos LP (RCL) agreed to acquire 30 Hudson Yards (Hudson), a New York City-based office building, from Warner Media LLC, ultimately owned by AT&T Inc, for an estimated $2.2 bil, in a sale and leaseback transaction. Originally, in April 2019, RCL was rumored to be planning to acquire Hudson.
JR Automation Technologies LLC Hitachi Ltd 1425.0 Hitachi Ltd of Japan definitively agreed to acquire JR Automation Technologies LLC, a Holland-based manufacturer of machinery, from Crestview Partners LP, for an estimated $1.425 bil.
Speedway Motorsports Inc Sonic Financial Corp 734.6 Sonic Financial Corp planned to acquire the entire share capital of Speedway Motorsports Inc, a Concord-based provider of racetrack services, for $18 in cash per share, or a total $734. 569 mil, via an unsolicited offer.
The KEYW Holding Corp Jacobs Engineering Group Inc 563.6 Jacobs Engineering Group Inc definitively agreed to merge with The KEYW Holding Corp, a Hanover-based provider of engineering services, for $11.25 in cash per share, or a total $563.643 mil.
GlobalFoundries-East Fishkill Plant ON Semiconductor Corp 430.0 ON Semiconductor Corp agreed to acquire east fishkill plant of GlobalFoundries, a Santa Clara-based manufacturer of semiconductors and related device, owned by Advanced Technology InvestmentCo LLC, for $430 mil.
Amcor Ltd-Plants(3) Tekni-Plex Inc 215.0 Tekni-Plex Inc, a unit of Genstar Capital LLC, definitively agreed to acquire 3 plants of Amcor Ltd, a Southbank-based manufacturer of fiber boxes, for a total $215 million in cash.
Entegra Financial Corp First Citizens Bank & Trust Co Raleigh,North Carolina 208.8 First Citizens Bank & Trust Co of Raleigh,North Carolina, a unit of First Citizens Bancshares Inc of Dyersburg,Tennessee, definitively agreed to acquire the entire share capital of Entegra Financial Corp, a Franklin-based savings institution, for $30.18 in cash per share or a total $208.822 mil.
PostUp Inc Upland Software Inc 35.0 Upland Software Inc acquired PostUp Inc, a Pasadena-based provider of internet search engine services, for $35 mil.
Prismic Pharmaceuticals Inc FSD Pharma Inc 17.5 FSD Pharma Inc of Canada planned to acquire Prismic Pharmaceuticals Inc, a Worcester-based manufacturer of pharmaceutical preparation, for $17.5 mil.
Artesia Real Estate LLC-Fox Ridge Manor Apartments EBEX Holdings Inc 16.0 EBEX Holdings Inc acquired Fox Ridge Manor Apartments of Artesia Real Estate LLC, an Austin-based real estate investment firm, for a total $16 mil.
Premier Insurance Corp Inc AssuredPartners Inc AssuredPartners Inc, a unit of Apax Partners LP, acquired Premier Insurance Corp Inc, a Cape Coral-based direct life insurance carrier.
Bard Employees Federal Credit Union Baxter Credit Union Baxter Credit Union planned to merge with Bard Employees Federal Credit Union, a New Providence-based credit union.
Lost Lake Apartments LLC Becovic Management Group Becovic Management Group was rumored to be planning to acquire Lost Lake Apartments LLC, a Jacksonville-based residential property manager, from PAC Land Development Corp. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $48.5 mil.
East Pasadena Water Co California American Water Co California American Water Co, a unit of American Water Works Co Inc, planned to acquire East Pasadena Water Co, a Pasadena-based provider of water supply system services.
PrimeSouth BancShares Inc,Tallassee,Alabama CBS Banc-Corp CBS Banc-Corp definitively agreed to merge with PrimeSouth BancShares Inc, a Tallassee-based commercial bank. Terms were not disclosed.
Advisor Group Inc Centerbridge Partners LP Centerbridge Partners LP was rumored to be planning to acquire Advisor Group Inc, a Phoenix-based securities brokerage, from the Canadian state-owned Public Sector Pension Investment Board and Lightyear Capital LLC. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $2 bil.
Trowbridge & Trowbridge LLC Enlightenment Capital LLC Enlightenment Capital LLC acquired Trowbridge & Trowbridge LLC, a McLean-based provider of information technology services, in a leveraged buyout transaction. Terms were not disclosed.
Santander Bank Na-Bank Branches,Pennsylvania(14) First Commonwealth Bank,Indiana,Pennsylvania First Commonwealth Bank, Indiana,Pennsylvania, a unit of First Commonwealth FinancialCorp, definitively agreed to acquire 14 bank branches of Santander Bank NA, a Boston-based commercial bank, owned by Santander Holdings USA Inc.
TCG Consulting Partners LLC Frosch International Travel Inc Frosch International Travel Inc acquired TCG Consulting Partners LLC, a Charlotte-based provider of management consulting services.
800 Sixth Avenue,Manhattan Greystar Real Estate Partners LLC Greystar Real Estate Partners LLC acquired 800 Sixth Avenue, a Manhattan-based lessor of residential buildings and dwellings.
CompuTech City LLC Medicus IT LLC Medicus IT LLC acquired CompuTech City LLC, a Longwood-based software publisher.
First National Bank Of Northfield Merchants Bank,Winona,Minnesota Merchants Bank,Winona, Minnesota definitively agreed to acquire the entire share capital of First National Bank Of Northfield, a Northfield-based commercial bank.
Peterson Spring Corp MiddleGround Capital MiddleGround Capital acquired Peterson Spring Corp, a Southfield-based manufacturer of heavy gauge springs, in a leveraged buyout transaction.
Carson City Agency Solutions LLC Mjardin Group Inc Mjardin Group Inc definitively agreed to acquire Carson City Agency Solutions LLC, a Carson City-based manufacturer of medical cannabis.
Gulf of Mexico Assets Murphy Exploration & Production Co FLASH: Murphy Exploration & Production Co, a unit of Murphy Oil Corp, planned to acquire Gulf of Mexico Assets, producer of crude petroleum and natural gas, from American Midstream Partners LP. The terms of the transaction were not disclosed, but according to sources close to the transaction, the deal had a reported value estimated at $1.375 bil.
Cumberland Tractor & Equipment LLC Parman Holdings Corp Parman Holdings Corp acquired Cumberland Tractor & Equipment LLC, a Nashville-based manufacturer of lawn and garden equipment, from Cumberland Cos.
Amtrust Agriculture Insurance Services Producers Ag Insurance Group Inc Producers Ag Insurance Group Inc, a unit of HCC Insurance Holdings Inc, planned to acquire Amtrust Agriculture Insurance Services, a Leawood-based provider of crop insurance services, from AmTrust Financial Services Inc, owned by Evergreen Parent LP.
BGRS Inc Relo Group Inc Relo Group Inc of Japan agreed to acquire the entire share capital of BGRS Inc, a Houston-based provider of executive relocation services, from Brookfield Business Partners LP, ultimately owned by Brookfield Asset Management Inc.
Transmedia Advertising-Commercials On Hold Spectrio LLC Spectrio LLC, a unit of The Riverside Co, planned to acquire the entire share capital of commercials on hold of Transmedia Advertising, a Macon-based provider of music and messages marketing services.
Price Chopper Employees Federal Credit Union Sunmark Federal Credit Union Sunmark Federal Credit Union acquired the entire share capital of Price Chopper Employees Federal Credit Union, a Schenectady-based provider of Federal Credit Union services.
Solarflare Communications Inc Xilinx Inc Xilinx Inc definitively agreed to acquire Solarflare Communications Inc, an Irvine-based manufacturer of semiconductors and related device.
US M&A Deals Announced April 19 to 25, 2019
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