TargetAcquirerValue ($millions)Synopsis
Symantec Corp-Enterprise Security BusinessBroadcom Inc10700.0Broadcom Inc (Broadcom) definitively agreed to acquire the Enterprise Security business of Symantec Corp (Symantec), a Mountain View-based software publisher, for $10.7 billion in cash, including the assumption of undisclosed amount in liabilities. Originally, in July 2019, Broadcom was rumored to be planning to acquire Symantec.
Cambrex CorpCatalog Intermediate Inc2129.2Catalog Intermediate Inc, a unit of Permira Advisers Holdings Ltd, ultimately owned by Permira Holdings Ltd, definitively agreed to merge with Cambrex Corp, an East Rutherford-based manufacturer of pharmaceutical products, for $60 in cash per share, or a total $2.129 bil.
Huntsman Corp-Chemical Intermediates BusinessesIndorama Ventures PCL2076.0Indorama Ventures PCL of Thailand, a unit of Indorama Resources Ltd, definitively agreed to acquire chemical intermediates businesses of Huntsman Corp, a The Woodlands-based manufacturer of pigments, for a total $2.076 billion. The consideration was to consist of $2 billion cash and assumption of $76 million in liabilities. The transaction was to include PO/ MTBE, surfactants businesses and manufacturing facilities located in Port Neches, Texas; Dayton, Texas; Chocolate Bayou, Texas; Ankleshwar, India; and Botany, Australia.
Internet Pipeline IncRoper Technologies Inc1625.0Roper Technologies Inc definitively agreed to acquire Internet Pipeline Inc, an Exton-based cloud-based software solutions provider, from Thoma Bravo LLC, for $1.625 billion in cash.
Gannett Co IncNew Media Investment Group Inc1499.3New Media Investment Group Inc (New Media) definitively agreed to acquire the entire share capital of Gannett Co Inc (Gannett), a Mclean-based newspaper publisher, for a total $1.499 billion. The consideration was to consist of $6.25 in cash per share and 0.5427 common shares. The shares were valued based on New Media’s closing stock price of $10.7 on 2 August 2019, the last full trading day prior to the announcement. Upon completion, New Media and Gannett are each to own 50.5% and 49.5% in the merged entity, respectively. Originally, in May 2019, GateHouse Media Inc was rumored to be planning to merge with Gannett. Additionally, in January 2019, MediaNews Group Inc planned to acquire Gannett.
Clicksoftware Technologies LtdSalesforce.com Inc1350.0Salesforce.com Inc (Salesforce) definitively agreed to acquire Clicksoftware Technologies Ltd (Clicksoftware), a Burlington-based software publisher, from Francisco Partners LP, for an estimated $1.35 billion in cash and Salesforce common shares. Originally, in January 2019, Salesforce was rumored to be planning to acquire ClickSoftware.
Navigant Consulting IncGuidehouse LLP1107.6Guidehouse LLP, a unit of Veritas Capital Partners LP, definitively agreed merge with Navigant Consulting Inc (Navigant), a Chicago-based provider of management consulting and corporate finance services, for $28 in cash per share, or a total 1.108 billion. Upon completion, Navigant was to be delisted in the New York Stock Exchange.
Corindus Vascular Robotics IncSiemens Medical Solutions Inc993.2Siemens Medical Solutions Inc, a unit of Siemens Healthineers AG, majority owned by Siemens AG, definitively agreed to merge with Corindus Vascular Robotics Inc, a Waltham-based manufacturer and wholesaler of precision vascular robotic- assisted systems, for $4. 28 cash in cash per share, or a total $993.168 mil.
Redwood Holding Group LlC-Operating Subsidiaries(4)Cronos Group Inc300.0Cronos Group Inc of Canada definitively agreed to acquire 4 operating subsidiaries of Redwood Holding Group LlC, a Studio City-based manufacturer of medicinals and botanicals, for a total $300 mil.
Credible Labs IncFox Corp254.4Fox Corp definitively agreed to acquire 67% interest or 6.772 million common shares in Credible Labs Inc, a San Francisco-based provider of consumer lending services, for $37.564 in cash per share, or a total value of $254.387 mil.
Bluemountain Capital Management LLCAssured Guaranty Us Holdings Inc160.0Assured Guaranty Us Holdings Inc, a unit of Assured Guaranty Ltd, agreed to acquire the entire share capital of Bluemountain Capital Management LLC, a New York-based portfolio manager, for an estimated $160 mil.
Vitamin Shoppe IncLiberty Tax Inc156.0Liberty Tax Inc definitively agreed to acquire the entire share capital of Vitamin Shoppe Inc, a Secaucbased specialty food retailer, for $6.50 in cash per share, or a total of $155.958 mil.
Blueknight Energy Partners LPErgon Inc144.6Ergon Inc planned to acquire the remaining 37.969 million common units or a 93.256% interest, which it did not already own, in Blueknight Energy Partners LP, a Tulsa- based provider of pipeline transportation services of crude oil, for $1.35 in cash per unit or a total $144.583 mil, via an unsolicited offer. The consideration was to consist of $1.35 in cash per unit and $5.67 in cash per Series A preferred unit.
HydrofinityInvestor Group109.0An investor group, comprised of Eastern Laundry Systems and Viking Services Ltd agreed to acquire an undisclosed majority interest in Hydrofinity, a Providence- based provider of industrial laundering services, from Xeros Technology Group PLC, for a total $109 million in cash.
2e Creative IncFishawak LtdFishawak Ltd of the UK acquired 2e Creative Inc, a St. Louis-based provider of marketing consulting services.
Dgital Media IncEntercom Communications CorpEntercom Communications Corp agreed to acquire a 55% interest in Dgital Media Inc, producer and distributor of records. Terms were not disclosed.
Elemica IncEurazeo SEEurazeo SE of France acquired an undisclosed majority interest in Elemica Inc, an Exton-based provider of supply chain services, from Thoma Bravo LLC, in a leveraged buyout transaction.
Firestone & Robertson Distilling CoPernod Ricard USA IncPernod Ricard USA Inc, a unit of Pernod Ricard SA, acquired Firestone & Robertson Distilling Co, a Fort Worth-based producer of distilled alcoholic beverages.
First Sales LLCFranklin Electric Co IncFranklin Electric Co Inc acquired First Sales LLC, a Churubusco-based industrial machinery and equipment merchant wholesaler. Terms of the transaction were not disclosed.
Halcon Resources CorpBondholdersThe bankrupt Halcon Resources Corp (Halcon), a Houston-based producer of crude petroleum and natural gas, planned a debt restructuring transaction with Bondholders (BHs). Upon completion, BHs were to hold an majority interest in the restructured Halcon. The book value of the existing debt that will be exchanged under the terms of the offer is $625 mil.
Innovative Mechanical Systems IncPueblo Mechanical & Controls IncPueblo Mechanical & Controls Inc, a unit of Huron Capital Partners LLC, acquired Innovative Mechanical Systems Inc, a Phoenix-based plumbing, heating and air-conditioning contractor. Terms were not disclosed.
KonMari Media IncRakuten IncRakuten Inc of Japan planned to acquire an undisclosed majority interest in KonMari Media Inc, a Los Angeles-based book publisher.
ORIS Intelligence LLCPriceSpiderPriceSpider acquired ORIS Intelligence LLC, a Columbbased internet portal operator.
Osprey Biotechnics Inc-Business & AssetsPhibro Animal Health CorpPhibro Animal Health Corp, a unit of OAE Holdings Pty Ltd, acquired business & assets of Osprey Biotechnics Inc, a Sarasota-based manufacturer of pharmaceutical preparation.
Pineapple Street MediaEntercom Communications CorpEntercom Communications Corp acquired Pineapple Street Media, a Brooklyn- based producer and distributor of records. Terms were not disclosed.
RHA Health Services LLCBlue Wolf Capital Partners LLCBlue Wolf Capital Partners LLC acquired RHA Health Services LLC, an Asheville-based health practitioner’s office operator, in a leveraged buyout transaction.
StraussInsight Equity Holdings LLCInsight Equity Holdings LLC acquired Strauss, meat and meat products merchant wholesaler, in a leveraged buyout transaction.
Times Leader Media GroupAvant Publications LLCAvant Publications LLC acquired Times Leader Media Group, a Wilkes-Barre-based newspaper publisher.
Total Trim Construction IncHomewood Holdings LLCHomewood Holdings LLC, a unit of Building Industry Partners LLC, acquired Total Trim Construction Inc, an Auburn-based housing constructor.
Unitrans International CorpAIT Worldwide Logistics IncAIT Worldwide Logistics Inc acquired Unitrans International Corp, an Inglewood-based provider of specialized freight trucking services, from Quick International Courier Inc. Terms were not disclosed.
US M&A Deals Announced August 02 to 08, 2019