Target Acquirer Value ($millions) Synopsis
Norfolk Southern Corp Canadian Pacific Railway Ltd 28,442.7 Canadian Pacific Railway Ltd of Canada plans to launch an unsolicited offer to acquire the entire share capital of Norfolk Southern Corp, a Norfolk-based provider of railroad transportation services, via a stock swap transaction valued at $28.443 billion. Canadian Pacific offered $46.72 in cash and 0.348 Canadian Pacific share per Norfolk Southern share. Based on Canadian Pacific's closing stock price of $137.637 on 16 November 2015, the last full trading day prior to the announcement, each Norfolk Southern share was valued at $94.618. Originally, Canadian Pacific was rumored to be planning to acquire Norfolk Southern.
Starwood Hotels & Resorts Worldwide Inc Marriott International Inc 11,755.5 Marriott International Inc (Marriott) definitively agreed to merge with Starwood Hotels & Resorts Worldwide Inc, a Stamford-based real investment trust, via a stock swap transaction valued at $11.756 billion. Marriott offered $2 in cash and 0.92 common share per Starwood common share. Based on Marriott's closing stock price of $72.74 on 13 November 2015, the last full trading day prior to the announcement, each Starwood share was valued at $68.921. Originally, Starwood was rumored to be seeking a buyer for the company. InterContinental Hotels Group Plc, Wyndham Worldwide Corp, and Hyatt Hotels Corp were named as potential bidders.
Airgas Inc Air Liquide SA 10,640.0 Air Liquide SA of France agreed to acquire the entire share capital of Airgas Inc, a Radnor-based wholesaler of industrial and medical equipment, for $143 in cash per share or a total of $10.639 billion.
Fairchild Semiconductor International Inc ON Semiconductor Corp 2,270.3 In a tender offer, ON Semiconductor Corp definitively agreed to merge with Fairchild Semiconductor International Inc (Fairchild), a South Portland-based manufacturer of semiconductors, for $20 in cash per common share or a total of $2.27 billion in cash. In October 2015, Fairchild was rumored to be seeking a buyer for the entire share capital of the company. ON Semiconductor Corp and Infineon Technologies AG were named as potential bidders.
Sunoco LLC Sunoco LP 2,221.2 Sunoco LP (SUN) agreed to pay about $2.221 billion to acquire the remaining 68. 42% interest it did not already own in Sunoco LLC, a Newtown Square-based wholesaler of motor fuels, from ETP Retail Holdings LLC, ultimately owned by Energy Transfer Partners LP. The consideration would consist of around $2.032 billion in cash and the issuance of 5.711 million SUN common units valued at $189.203 million. The shares were valued based on SUN's closing stock price of $33.13 on 13 November 2015, the last full trading day prior to the announcement.
Ballast Point Brewing & Spirits Inc Constellation Brands Inc 1,000.0 Constellation Brands Inc agreed to acquire Ballast Point Brewing & Spirits Inc, a San Diego-based producer and wholesaler of craft beer, for an estimated $1 bil.
Waste Control Specialists LLC Rockwell Holdco Inc 367.0 Rockwell Holdco Inc, a unit of Energy Capital Partners II LLC, ultimately owned by Energy Capital Partners LLC, definitively agreed to pay for $367 million to acquire the entire share capital of Waste Control Specialists LLC, a Dallas-based provider of waste treatment, storage and disposal services, from Valhi Inc, a unit of Amalgamated Group Inc. The consideration would consist of $270 million in cash, $20 million in Series A Preferred Stock, and the assumption of up to $77 million in liabilities.
SurgiQuest Inc CONMED Corp 265.0 CONMED Corp definitively agreed to merge with SurgiQuest Inc, a Milford-based manufacturer of medical instruments, for $265 million in cash.
Fluent Inc IDI Inc 255.0 IDI Inc (IDI) definitively agreed to acquire the entire share capital of Fluent Inc, a New York-based developer of proprietary ad serving technology, for $254.95 million. The consideration would consist of $100 million in cash and the issuance of 15 million IDI common shares valued at $154.950 million. The shares were valued based on IDI's closing stock price of $10.33 on 16 November 2015, the last full trading day prior to the announcement.
thinkThin LLC Glanbia PLC 217.0 Glanbia PLC of Republic of Ireland, a unit of Glanbia Co-Operative Society Ltd, agreed to acquire thinkThin LLC, a Los Angeles-based producer and wholesaler of confectionery products, from TSG Consumer Partners LLC for $217 million in cash.
INetU Inc ViaWest Inc 162.5 ViaWest Inc, a unit of Shaw Communications Inc, agreed to acquire INetU Inc, an Allentown-based provider of managed hosting services, from BV Investment Partners LLC for $162.5 million.
BE Smith Inc AMN Healthcare Services Inc 160.0 AMN Healthcare Services Inc planned to acquire BE Smith Inc, a Lenexa-based provider of healthcare executive search services, for $160 million in cash.
Simmons & Co International Piper Jaffray Cos 160.0 Piper Jaffray Cos planned to acquire the entire share capital of Simmons & Co International, a Houston-based securities brokerage, for $160 million.
Atlas Paper Holdings Inc Resolute Forest Products Inc 156.0 Resolute Forest Products Inc of Canada acquired Atlas Paper Holdings Inc, a manufacturer at-home and away-from-home tissue products, for $156 million.
High Point Bank Corp BNC Bancorp,High Point, North Carolina 141.3 BNC Bancorp (BNC) definitively agreed to acquire the entire share capital of High Point-based High Point Bank Corp via a stock swap transaction valued at $141.263 mil, subject to proration and collar agreement. BNC offered a choice of $300 in cash or 11.7818 common shares for every High Point share held. Based on BNC's closing stock price of $25.45 on 13 November 2015, the last full trading day prior to the announcement, each High Point share was valued at $300.
West Virginia Media Holdings LLC-Television Stations(4) Nexstar Broadcasting Group Inc 130.0 Nexstar Broadcasting Group Inc definitively agreed to acquire 4 television stations of West Virginia Media Holdings LLC, a Charleston-based owner and operator of television stations, for $130 million.
Regiment Capital Advisors LP-Loan Portfolio(4) Sankaty Advisors LLC 112.0 Sankaty Advisors LLC definitively agreed to acquire four $1.6 billion loan portfolio of Regiment Capital Advisors LP, a Boston-based provider of investment management services, for $112 million. The deal was valued based on 7% standard capitalization rate plus premium paid.
Rdio Inc-key assets Pandora Media Inc 75.0 Pandora Media Inc agreed to acquire the Key Assets of Rdio Inc, a San Francisco-based provider of online music services, for an estimated $75 million.
LensAR Inc ALPHAEON Corp 59.0 ALPHAEON Corp, a unit of Strathspey Crown Holdings LLC, planned to acquire LensAR Inc, an Orlando-based manufacturer of surgical appliance and supplies, The transaction is valued at up to $59 million in cash, stock and assumed debt.
Allo Communications LLC Nelnet Inc 46.3 Nelnet Inc agreed to acquire a 92.5% interest in Allo Communications LLC, an Imperial-based provider of telecommunications services, for $46.25 million.
Towson Square,Towson, Maryland Retail Properties of America Inc 39.7 Retail Properties of America Inc acquired Towson Square, a Towson-based entertainment center, for $39.7 million.
Nova Technologies LLC Ainsworth Game Technology Ltd 38.0 Ainsworth Game Technology Ltd of Australia definitively agreed to acquire the entire share capital of Nova Technologies LLC, a Greenville-based manufacturer of video slot gaming machines, for $38 million.
Optimatic Media Inc Matomy Media Group Ltd 25.0 Matomy Media Group Ltd of Israel acquired Optimatic Media Inc, a New York-based programmatic video advertising company, for an estimated $25 million.
Quaker Steak & Lube TravelCenters of America LLC 25.0 TravelCenters of America LLC agreed to acquire Quaker Steak & Lube, a Sharon-based full-service restaurant operator, for $25 million.
Lawrence Ripak Co Inc Magellan Aerospace Corp 23.7 Magellan Aerospace Corp of Canada, through Magellan Aerospace Processing Long Island Inc, acquired Lawrence Ripak Co Inc, a West Babylon-based provider of metal coating and surfacing services, for an estimated $23.7 million. The transaction included Ripak Aerospace Processing LLC.
AG Power Jerome LLC,AG Power DCD LLC Clean Power Holdings LLC 19.9 Clean Power Holdings LLC agreed to acquire the entire share capital of AG Power Jerome LLC and AG Power DCD LLC, owners and operators of biogas facilities, from Camco Clean Energy Plc, for an estimated $19.9 million. The consideration would consist of the assumption of $14.3 million in liabilities, $4.6 million in cash, and up to $1 million in profit-related payments.
Systemax Inc-certain B2B assets PCM Inc 14.0 PCM Inc definitively agreed to acquire certain B2B assets of Systemax Inc, a Port Washington-based computer and software retailer, for $14 million.
Product Support Solutions Inc Eckoh PLC 10.6 Eckoh PLC of the UK acquired Product Support Solutions Inc, a Dublin-based provider of information technology and consulting services, for $10. 609 million. The consideration consisted of $8.519 million cash and the issuance of 2.967 million new ordinary shares valued at $2.09 million.
A & W Technologies Inc US Water Services Inc 9.0 US Water Services Inc, a unit of ALLETE Inc, agreed to acquire A & W Technologies Inc, a Dunwoody-based water treatment service provider, for $9 million.
FFCM LLC AGF Management Ltd   AGF Management Ltd of Canada acquired an undisclosed majority interest in FFCM LLC, a Boston-based investment advisor.
Justrite Manufacturing Co LLC Audax Group LP   Audax Group LP acquired Justrite Manufacturing Co LLC, a Des Plaines-based manufacturer of safety container products, from Baird Capital Partners via a secondary buyout transaction. Terms were not disclosed.
United Online Inc B Riley Capital Management, LLC   FLASH: B Riley Capital Management, LLC, a unit of B. Riley Financial Inc, planned to acquire the remaining stake of 92.1% it did not already own in United Online Inc, a Woodland Hills- based internet service provider.
Diamonds Direct USA Inc Blackstone Tactical Opportunities Advisors LLC   Blackstone Tactical Opportunities Advisors LLC, a unit of Blackstone Group LP, acquired Diamonds Direct USA Inc, a Charlotte-based jewelry company, via a leveraged buyout transaction.
J Mclaughlin Inc Brentwood Associates Inc   Via a secondary buyout transaction, Brentwood Associates Inc acquired J Mclaughlin Inc, a Brooklyn-based manufacturer and wholesaler of clothing and accessories, from J Mclaughlin Inc SPV (SPV), which is jointly-owned by JH Partners LLC, Paladin Capital Group LLC and Highland Capital Partners LLC. Previously, SPV acquired J Mclaughlin through a leveraged buyout deal. Originally, in November 2015, Brentwood was rumored to be planning to acquire J Mclaughlin.
BenTrust Financial Inc-Certain Assets Brown & Brown of Florida Inc   Brown & Brown of Florida Inc, a unit of Brown & Brown Inc, provider of retail insurance products and services.
Michael James Enterprises Inc Bullsnbears.com Inc   FLASH: Bullsnbears.com Inc planned to acquire Michael James Enterprises Inc, a provider of marketing consulting services.
Nebraska Health Care Association Carter Validus Mission Critical Reit II Inc   FLASH: Carter Validus Mission Critical Reit II Inc acquired Nebraska Health Care Association, a Lincoln-based hospital operator. The terms of the transaction were not disclosed, but according to sources close to the transaction, the deal is estimated to be valued at $13 million.
Forum Analytics LLC CBRE Group Inc   CBRE Group Inc acquired Forum Analytics LLC, a Chicago-based software publisher.
Allure Global Solutions Inc Christie Digital Systems USA Inc   Christie Digital Systems USA Inc acquired Allure Global Solutions Inc, an Atlanta-provider of software solutions services. Terms of the deal were not disclosed.
California Insurance Specialists Confie Seguros Inc   Confie Seguros Inc, a unit of ABRY Partners LLC, acquired California Insurance Specialists, a Santa Ana-based provider of independent personal lines insurance services.
Reddwerks Corp Dematic Corp   FLASH: Dematic Corp, a unit of Dematic GmbH & Co KG, planned to acquire Reddwerks Corp, an Austin-based reproducer of software.
Celladon Corp Eiger BioPharmaceuticals Inc   FLASH - Eiger BioPharmaceuticals Inc definitively agreed to merge with Celladon Corp, a San Diego-based manufacturer of biological products. The terms of the transaction were not disclosed, but according to sources close to the transaction, the deal is estimated to be valued at $39.5 million.
Manicube Inc Elizabeth Arden Spas Inc   Elizabeth Arden Spas Inc acquired Manicube Inc, a New York-based provider of personal care services.
Alliance Global Services LLC EPAM Systems Inc   EPAM Systems Inc planned to acquire Alliance Global Services LLC, a Conshohocken-based software publisher.
The Mortgage Connection LLC First Bancshares Inc, Hattiesburg,Mississippi   FLASH: First Bancshares Inc,Hattiesburg,Mississippi planned to acquire The Mortgage Connection LLC, a Madison-based mortgage securities finance company.
Connexum LLC Gawk Inc   Gawk Inc signed a letter of intent {LoI} to acquire Connexum Llc, an Irvine-based provider of telecommunication/ call center termination services.
GCA Services Group Inc GCA Services Group Inc SPV   GCA Services Group Inc SPV, a special purpose acquisition vehicle formed by the Merchant Banking Division of Goldman Sachs Group Inc, Thomas H. Lee Partners LP (Thomas H. Lee), and GCA Services Group Inc's (GCA Services) management, agreed to acquire GCA Services, a Cleveland-based provider of building maintenance services, from Blackstone Capital Partners V LP (Blackstone), ultimately owned by Blackstone Group LP. Terms were not disclosed but, according to sources close to the situation, the deal was valued at an estimated $1 billion. Originally, in August 2015, Blackstone was rumored to be seeking a buyer for its GCA Services unit. Thomas H. Lee was a rumored potential bidder.
American Pacific Corp Huntsman Family Investments LLC   Huntsman Family Investments LLC definitively agreed to acquire American Pacific Corp, a Las Vegas-based manufacturer of specialty chemicals, from HIG Capital LLC.
Alpine Pictures LLC Inspirational Vision Media Inc   FLASH: Inspirational Vision Media Inc, a unit of Stereo Vision Entertainment Inc, planned to acquire Alpine Pictures LLC, a Burbank-based television broadcaster. Concurrently Inspirational Vision Media Inc, a unit of Stereo Vision Entertainment Inc, planned to acquire Emerald City of Oz LLC, Dorothy of Oz LLC, Star Team LLC.
Dorothy Of OZ LLC Inspirational Vision Media Inc   FLASH Inspirational Vision Media Inc, a unit of Stereo Vision EntertainmentInc, planned to acquire Dorothy Of OZ LLC, a Burbank-based provider of sales financing services. Concurrently Inspirational Vision Media Inc, a unit of Stereo Vision Entertainment Inc, planned to acquire Emerald City of Oz LLC, Alpine Pictures LLC, and Star Team LLC.
Emerald City of Oz LLC Inspirational Vision Media Inc   FLASH: Inspirational Vision Media Inc, a unit of Stereo Vision Entertainment Inc, planned to acquire Emerald City of Oz LLC, a Wilmington-based provider of sales financing services. Concurrently Inspirational Vision Media Inc, a unit of Stereo Vision Entertainment Inc, planned to acquire Alpine Pictures LLC, Dorothy of Oz LLC, Star Team LLC.
Star Team Llc Inspirational Vision Media Inc   FLASH: Inspirational Vision Media Inc, a unit of Stereo Vision Entertainment Inc, planned to acquire Star Team Llc, a Las Vegas-based television broadcaster. Concurrently Inspirational Vision Media Inc, a unit of Stereo Vision Entertainment Inc, planned to acquire Emerald City of Oz LLC, Dorothy of Oz LLC, Alpine Pictures LLC.
Heartland Geriatrics Llc IPC Healthcare Inc   FLASH: IPC Healthcare Inc acquired Heartland Geriatrics Llc, an Overland Park-based provider of ambulatory health care services.
Martin Potts & Associates Inc Jones Lang LaSalle Inc   Jones Lang LaSalle Inc agreed to acquire Martin Potts & Associates Inc, a Newport Beach-based provider of third-party project and construction management services.
Birchfield Ventures LLC Liquor Stores NA Ltd   FLASH : Liquor Stores NA Ltd of Canada planned to acquire the remaining 49% stake it did not already own in Birchfield Ventures LLC, a retailer of packaged alcoholic beverages. Concurrently Liquor Stores NA Ltd acquired all the stake of Birchfield Ventures LLC.
Birchfield Ventures LLC Liquor Stores NA Ltd   FLASH : Liquor Stores NA Ltd of Canada planned to acquire a 51% interest in Birchfield Ventures LLC, a retailer of packaged alcoholic beverages. Concurrently Liquor Stores NA Ltd acquired the remaining interest.
Marsh & Co MarksNelson   MarksNelson acquired Marsh & Co, an Overland Park-based provider of accounting services.
Auto Spa Express Mister Car Wash Inc   FLASH: Mister Car Wash Inc, a unit of ONCAP Management Partners LP, acquired Auto Spa Express, an Aurora-based car wash operator.
FD Insurance Co NORCAL Mutual Insurance Co   NORCAL Mutual Insurance Co, a unit of NORCAL Group, definitively agreed to acquire FD Insurance Co, a Jacksonville-based provider of medical malpractice insurance services, from Florida Doctors Holding Co LLC.
AxelaCare Health Solutions LLC OptumRx Inc   OptumRx Inc, a unit of Optum Inc, acquired AxelaCare Health SolutionsLLC, a Lenexa-based provider of healthcare services, from Excellere Capital Fund LP, a unit of Excellere Partners LLC.
Platinum Partners Insurance Services Inc Orchid Underwriters Agency Inc   Orchid Underwriters Agency Inc, a unit of Gryphon Investors Inc, definitively agreed to acquire Platinum Partners Insurance Services Inc, a Peabody-based provider of insurance brokerage services. Terms were not disclosed.
Decision First Technologies Inc Protiviti Inc   Protiviti Inc acquired Decision First Technologies Inc, an Atlanta-based provider of business intelligence and SAP solutions services. Terms were not disclosed.
CxAnalytics RMF Engineering   FLASH: RMF Engineering acquired CxAnalytics, a Williamsburg-based commissioning firm. CxAnalytics partner with the federal government, healthcare, higher education and other sectors that need mission critical environments and secure facilities.
Heritage Beverage Corp Saigon Asset Management Corp   Saigon Asset Management Corp of Vietnam planned to acquire the entire share capital of Heritage Beverage Corp, brewery.
STEICO Industries Inc Senior PLC   Senior PLC of the UK acquired STEICO Industries Inc, an Oceanside-based manufacturer of precision tube and duct and welded assemblies
GeoResults Inc ShareTracker LLC   FLASH : ShareTracker LLC, a unit of Telephia Inc, acquired GeoResults Inc, a Cumming-based provider of telecom marketing database services.
SyCara Local SIM Partners Inc   SIM Partners Inc acquired SyCara Local, a Scottsdale-based local digital presence and SEO measurement platform.
Alloy Wheel Repair Specialists Inc Soundcore Capital Partners LLC   FLASH: Soundcore Capital Partners LLC acquired an undisclosed majority interest in Alloy Wheel Repair Specialists Inc, a Norcross-based automotive parts and accessories retailer.
National Research Group Inc Stagwell Media LLC   Stagwell Media LLC, a unit of Stagwell Group LLC, definitively agreed to acquire National Research Group Inc (NRG), a Los Angeles-based provider of market research and consulting services, from VNU Marketing Information Inc, ultimately owned by Nielsen NV (Nielsen). Orginally, in June 2015, Nielsen was rumored to be seeking a buyer for NRG.
Breakthough Products Inc Synergy CHC Corp   Synergy CHC Corp acquired the entire share capital of Breakthough Products Inc, a Denver-based manufacturer of pharmaceuticals.
FuzeBox Software Corp Thinking Phone Networks Inc   Thinking Phone Networks Inc acquired FuzeBox Software Corp, a San Francisco-based cloud-based video conferencing company.
Breeze-Eastern Corp TransDigm Group Inc   FLASH : TransDigm Group Inc agreed to merge with Breeze-Eastern Corp, a Whippany-based manufacturer and wholesaler of specialty fastener products, rescue hoist and cargo hook systems. The terms of the transaction were not disclosed, but according to sources close to the transaction, the deal is estimated to be worth $206 million.
BirdDog Solutions Inc Transportation Insight LLC   FLASH: Transportation Insight LLC acquired BirdDog Solutions Inc, an Andover-based software publisher.
Vetri Restaurant Corp Urban Outfitters Inc   Urban Outfitters Inc agreed to acquire Vetri Restaurant Corp, a Philadelphia-based owner and operator of Italian restaurants.
Vistapharm Inc Vertice Pharma LLC   Vertice Pharma LLC agreed to acquire Vistapharm Inc, a Largo-based manufacturer of pharmaceutical preparation. Terms of the transaction were not disclosed.
PORT ROYALE APARTMENTS Waterton Residential Property   FLASH: Waterton Residential Property, a unit of Waterton Associates LLC, planned to acquire PORT ROYALE APARTMENTS, a Fort Lauderdale-based lessor of residential buildings and dwellings.
US M&A Deals Announced November 15-November 20, 2015      
Source: Thomson Reuters      

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