TargetAcquirerValue ($millions)Synopsis
Macerich CoSimon Property Group Inc20,819.1Simon Property Group Inc (Simon) planned to launch an unsolicited tender offer to acquire Macerich Co (Macerich), a Santa Monica-based real estate investment trust, in a stock swap transaction for $20.819 billion. Simon offered $91 in cash and common shares per Macerich share whereby cash paid and common shares issued was to each represent 50% of the aggregate merger consideration plus the assumption of $6.4 billion in liabilities. Originally, in March 2015, Simon was rumored to be planning to acquire the entire share capital of Macerich.
Salix Pharmaceuticals LtdEndo International PLC11,260.2Endo International PLC (Endo) of Ireland planned an unsolicited challenging offer to acquire the entire share capital of Salix Pharmaceuticals Ltd (Salix), a Raleigh-based manufacturer and wholesaler of specialty prescription pharmaceuticals, in a stock swap transaction valued at $11.26 billion. Endo offered 45 in cash per share and 1.4607 ordinary shares per Salix share. Based on Endo's closing stock price of $89 on 10 March 2015, the last full trading day prior to the announcement, each share was valued at $175.002. Upon completion, Endo and Salix shareholders were to own 60% and 40% in the merged entity, respectively. Previously, Valeant Pharmaceuticals International Inc definitively agreed to acquire the entire share capital of Salix. Originally, Endo was rumored to be planning to acquire Salix.
ITR Concession Co LLCIndustry Funds Mgmt Pty Ltd5,725.0Industry Funds Management Pty Ltd of Australia, a unit of Industry Fund Services Pty Ltd, definitively agreed to acquire bankrupt ITR Concession Co LLC (ITR), a Roadgranger-based provider of toll road services, for $5.725 billion via an auction. Previously, in September 2014, ITR announced that it was seeking a buyer for its assets. The transaction was to include a 66-year concession of the Indiana Toll Road. Originally, in September 2013, Cintra Infraestructuras SA , a unit of Ferrovial SA (Ferrovial), was rumored to be seeking a buyer for its Indiana Toll Road unit. Abertis Infraestructuras SA and Ferrovial were rumored as potential bidders.
Pinnacle Entertainment-Real Estate AssetsGaming & Leisure Properties3,888.5Gaming & Leisure Properties Inc (GLPI) planned to launch an unsolicited offer to merge with the real estate assets of Pinnacle Entertainment Inc (Pinnacle), a Las Vegas-based casino hotel operator, for an estimated $3.889 billion. The consideration was to consist of the issuance of 36 million GLPI common shares valued at $1.272 billion and the assumption of $2.616 billion in liabilities. The shares were valued based on GLPI's closing stock price of $35.32 on 6 March 2015, the last full trading day prior to the announcement. Concurrently, Pinnacle planned to spinoff its operating business to its shareholders.
Blue Coat Systems IncBain Capital LLC2,400.0Bain Capital LLC, through undisclosed funds, definitively agreed to acquire Blue Coat Systems Inc (Blue Coat), a Sunnyvale-based manufacturer and wholesaler of web-based security hardware appliances, from Thoma Bravo LLC (Thoma) for an estimated $2.4 billion in cash in a secondary buyout transaction. Originally, in January 2014, Thoma was rumored to be seeking a buyer for its Blue Coat unit. Previously, Thoma Bravo LLC and Teachers Private Capital of Canada acquired the entire share capital of Blue Coat in a leveraged buyout transaction.
RTI International Metals IncAlcoa Inc1,267.7Alcoa Inc (Alcoa) definitively agreed to acquire the entire share capital of RTI International Metals Inc (RTI), a Pittsburgh-based manufacturer of titanium mill and metal products, in a stock swap transaction valued at $1.268 billion. Alcoa offered 2.8315 per RTI share. Based on Alcoa's closing stock price of $14.48 on 6 March 2015, the last full trading day prior to the announcement, each RTI share was valued at $41.
EQT Corp-Northern W VirginiaEQT Midstream Partners LP1,050.0EQT Midstream Partners LP (EMP) agreed to acquire the Northern West Virginia Marcellus gathering system of EQT Corp (EQT), a Pittsburgh-based provider of natural gas and oil exploration, production, distribution, transportation and transmission services, for $1.05 billion. The consideration was to consist of $997.5 million in cash and the issuance of $52.5 million in EMP common LP units and general partner units. The transaction was to include a preferred interest in EQT Energy Supply Inc.
Integrated Silicon Solution SPVIntegrated Silicon Solution649.3Integrated Silicon Solution Inc SPV, a special purpose acquisition vehicle created by SummitView Capital, eTown MemTek Ltd, Hua Capital Management Co Ltd and Huaqing Jiye Investment Management Co Ltd, definitively agreed to acquire the entire share capital of Integrated Silicon Solution Inc, a Milpitas-based manufacturer and wholesaler of integrated circuits, for $19.25 in cash per share, or a total value of $649.25 million in a leveraged buyout transaction.
Bridge Capital HoldingsWestern Alliance Bancorp,NV415.3US Western Alliance Bancorp (Western) definitively agreed to acquire the entire share capital of Bridge Capital Holdings (Bridge), a San Jose-based bank holding company, for $415.343 million. The consideration was to consist of $2.39 in cash per share, the issuance of 0.8145 Western common share per Bridge share and an undisclosed amount in Western restricted common shares and options. Based on Western's closing stock price of $29.02 on 06 March 2015, the last full trading day prior to the announcement, each Bridge share was valued at $26.027.
Zogenix Inc-Zohydro ER BusinessPernix Therapeutics Holdings383.5Pernix Therapeutics Holdings Inc (Pernix) definitively agreed to acquire the Zohydro ER business of Zogenix Inc, a San Diego-based manufacturer of pharmaceutical preparations, for an estimated $383.5 million. The consideration was to consist of $30 million in cash, $20 million in Pernix' common shares, $50 million in promissory notes and $283.5 in profit-related payments.
Lindblad Expeditions IncCapitol Acquisition Corp II326.9Capitol Acquisition Corp II (Capitol) definitively agreed to acquire the entire share capital of Lindblad Expeditions Inc (Lindblad), a New York-based provider of expedition travel cruise services, for $326.880 million. The consideration was to consist of $90 million in cash and the issuance of 24 million Capitol common shares valued at $238.880 million. The shares were valued based on Capitol's closing stock price of $9.87 on 09 March 2015, the last full trading day prior to the announcement. Upon completion, Capitol and Lindblad were to own 50% and 49% in the merged entity, respectively.
Acentia LLCMAXIMUS Inc300.0MAXIMUS Inc definitively agreed to acquire Acentia LLC, a Falls Church-based provider of information technology consulting and management services, from Snow Phipps Group LLC for an estimated $300 million in cash.
Standard Register Co-AssetsSilver Point Capital LP275.0Silver Point Capital LP agreed to acquire assets of the bankrupt Standard Register Co, a Dayton-based provider of document management and workflow services, for an estimated $275 million via an auction. The consideration was to consist of an estimated $275 million and the assumption of an undisclosed amount of liabilities.
National Marriott & Hilton Hotel PortfolioMCR Development LLC206.0MCR Development LLC acquired the National Marriott & Hilton Hotel portfolio for an estimated $206 million.
Alkermes PLC-Mnfg FacilityRecro Pharma Inc170.0Recro Pharma Inc (Recro) agreed to acquire the manufacturing facility and royalty and formulation business located in Gainesville, Georgia of Alkermes PLC, a Waltham-based manufacturer of biological products, for an estimated $170 million. The consideration was to consist of $50 mil, up to a further $120 million in profit-related payments and the issuance of Recro warrants. The transaction was to include rights to IV/IM meloxicam.
Del Taco Restaurants IncLevy Acquisition Corp155.0Levy Acquisition Corp (Levy) definitively agreed to acquire the entire share capital of Del Taco Restaurants Inc (DTR), a Lake Forest-based owner and operator of restaurants, from Sagittarius Brands Inc for $155 million. Originally, in June 2014, DTR was rumored to be seeking a buyer for the company. Terms were not disclosed, but according to people familiar with the transaction, the deal was valued at an estimated $500 million. Levy was named as a potential bidder. Upon completion, Levy was to change its name to DTR.
Dallas Market CenterCrow Holdings Capital Partners140.0Crow Holdings Capital Partners LLC agreed to acquire an 81.98% interest in Dallas Market Center, a Dallas-based shopping center, from CNL Income Properties Inc for $140 million.
Sager Creek Vegetable CoDel Monte Foods Inc75.0Del Monte Foods Inc, a unit of Del Monte Pacific Ltd, ultimately-owned by NutriAsia Inc, acquired Sager Creek Vegetable Co, a Siloam Springs-based manufacturer of canned vegetables, from Sager Creek Acquisition Corp for $75 million.
Brand Aromatics IncMcCormick & Co Inc63.0McCormick & Co Inc acquired the entire share capital of Brand Aromatics Inc, a Lakewood-based manufacturer and wholesaler of spice and extract, for an estimated $63 million in cash.
American Beverage CorpHarvest Hill Beverage Co55.0Harvest Hill Beverage Co, a unit of Brynwood Partners VII LP, ultimately-owned by Brynwood Partners LP, agreed to acquire American Beverage Corp, a Verona-based producer of bottled beverages, from Koninklijke Wessanen NV for an estimated $55 million in cash. Originally, in June 2009, Koninklijke Wessanen announced that it was seeking a buyer for its American Beverage unit.
WestStar Mortgage IncJG Wentworth LLC54.0JG Wentworth LLC, a unit of JLL Partners Fund V LP, ultimately-owned by JLL Partners Inc, agreed to acquire WestStar Mortgage Inc, a Woodbridge-based provider of residential mortgage lending, for $54 million in cash.
ReVera IncNova Measuring Instruments46.5Nova Measuring Instruments Ltd of Israel planned to acquire the entire share capital of ReVera Inc, a Santa Clara-based manufacturer of material metrology products, for $46.5 million in cash.
Midstates Petroleum-DequincyPintail Oil & Gas LLC44.0Pintail Oil & Gas LLC, a unit of Ridgemont Equity Partners, agreed to acquire the Dequincy area assets of Midstates Petroleum Co Inc, a Houston-based oil and gas exploration and production company, for an estimated $44 million.
Fox Hill Apartments,Austin,TexasInvestor Group38.2An investor group including Bluerock Residential Growth REIT Inc agreed to acquire Fox Hill Apartments, an Austin-based apartment community, for $38.15 million in the formation of a joint venture.
BDI Insulation Contracting IncInstalled Building Products36.0Installed Building Products Inc acquired BDI Insulation Contracting Inc, a Bakersfield-based provider of fiberglass insulation installation services, for an estimated $36 million.
Post-Up Stand IncTAKKT America Holding Inc30.0TAKKT America Holding Inc, a unit of Takkt AG, agreed to acquire the entire share capital of Post-Up Stand Inc, a Maple Heights-based provider of advertising services, for $30 million. The consideration was to consist of $16.5 million and up to $13.5 million in profit-related payments.
Westbury Square Community Shopping CenterInland Real Estate Corp23.4Inland Real Estate Corp acquired Westbury Square Community Shopping Center, a Huntsville-based shopping center, for $23.4 million in cash.
IBT Bancorp IncVeritex Holdings Inc20.5Veritex Holdings Inc (Veritex) definitively agreed to acquire the entire share capital of IBT Bancorp Inc, a Texas-based bank holding company, in a stock swap transaction valued at an estimated $20.474 million. The consideration was to consist of an estimated $4 million in cash and 1.185 million in common shares valued at $16.474 million. The shares were valued based on Veritex's closing stock price of $13.9 on 6 March 2015, the last full trading day prior to the announcement.
Neuhoff Family LP-KMVT-TV,KSVT-TVGray Television Inc17.5Gray Television Inc agreed to acquire the KMVT-TV and KSVT-TV stations located in Twin Falls, Idaho from Neuhoff Family LP, a Chicago-based owner and operator of radio and television stations, for $17.5 million in cash.
City Ctr Plaza,Westland,MichiganSlate Retail REIT12.5Slate Retail REIT of Canada definitively agreed to acquire City Center Plaza located in Westland, Michigan for $12.45 million.
Romano's Macaroni GrillRedrock Partners LLC8.0Redrock Partners LLC definitively agreed to acquire Romano's Macaroni Grill, a Dallas-based full-service restaurant operator, from Ignite Restaurant Group Inc for an estimated $8 million in cash.
Green Privado Asset-PptyRivermist Investments LLC5.2Rivermist Investments LLC agreed to acquire industrial property of Green Privado Asset Holdings LLC, an owner and operator of industrial buildings and a unit of Pine Technology Holdings Ltd, for $5.16 million.
Thor Gold Alaska IncStrongbow Exploration Inc0.5Strongbow Exploration Inc of Canada (Strongbow) agreed to acquire the entire share capital of Thor Gold Alaska Inc, an Alaska-based provider of tin mining services, in exchange for 5 million Strongbow common shares valued at $0.514 million. The shares were valued based on Strongbow's closing stock price of $0.079 in 09 March 2015, the last full trading day prior to the announcement.
Chilton Consulting Group IncAlchemy Systems LP Alchemy Systems LP, a unit of Riverside Co, acquired Chilton Consulting Group Inc, a Rocky Face-based provider of inspection and certification of food products.
2lemetry IncAmazon.com Inc Amazon.com Inc acquired 2lemetry Inc, a Denver-based provider of computer related services. Terms were not disclosed.
CertusHoldings-Small Business FinanceBankUnited Inc BankUnited Inc definitively agreed to acquire the small business finance unit of CertusHoldings Inc, an Atlanta-based bank holding company.
Shable & AssociatesBrandExtract LLC BrandExtract LLC merged with Shable & Associates, a Woodlands-based marketing and communications company.
Bright House Networks LLCCharter Communications Inc Charter Communications Inc was rumored to be planning to acquire Bright House Networks LLC, a Syracuse-based provider of digital cable and phone services, from Time Warner Entertainment-Advance/ Newhouse, ultimately-owned by Time Warner Inc.
Allied Nevada Gold CorpCreditors Allied Nevada Gold Corp (Allied Nevada), a Reno-based provider of gold mining exploration services, planned a debt restructuring transaction with creditors. Creditors were to receive a new first lien term loan credit facility, a new second lien convertible term loan credit facility, common stock and warrants in exchange for outstanding indebtedness. Upon completion, creditors were to own an undisclosed interest in the restructured Allied Nevada. The book value of the existing debt that was to be exchanged under the terms of the offer was $651.533 million.
Cord Blood America IncCryo-Cell International Inc Cryo-Cell International Inc planned to merge with Cord Blood America Inc, a Las Vegas-based provider of stem cell storage and preservation services.
RareWire LLCData Systems International Inc Data Systems International Inc acquired RareWire LLC, a Kansas City-based mobile application development solution provider.
DuraColor LLCFederal Heath Sign Co Federal Heath Sign Co acquired DuraColor LLC, a Racine-based screen printing and digital imaging company. Terms were not disclosed.
ASES LLCField Aviation Company Inc Field Aviation Co Inc of Canada, a unit of Amavco Inc, acquired ASES LLC, an Annapolis-based provider of engineering services, from Rockwell Collins Inc's ARINC Inc subsidiary.
TitleVest Holdings Group LLCFirst American Title Ins Co First American Title Insurance Co, a unit of First American Corp, ultimately-owned by CoreLogic Inc, acquired TitleVest Holdings Group LLC, a New York-based provider of title insurance services.
Muzy IncFrankly Inc Frankly Inc of Canada acquired Muzy Inc, a San Francisco-based developer of microblogging platforms.
Timco Services IncFrank's International NV Frank's International NV definitively agreed to acquire Timco Services Inc, a Lafayette-based provider of equipment rental services.
Kid Notice LLCgeoWaggle LLC geoWaggle LLC, doing business as MamaBear App, acquired Kid Notice LLC, a Valley Village-based developer of mobile applications.
Vermed IncGraphic Controls Corp Graphic Controls Corp acquired Vermed Inc, a Bellows Falls-based manufacturer of medical devices. Terms of the transaction were not disclosed.
InterAct911 CorpHarris Computer Systems Inc Harris Computer Systems Inc of Canada, a unit of Constellation Software Inc, acquired InterAct911 Corp, a Winston-Salem-based developer of safety management software. Terms were not disclosed.
York Wallcoverings IncHigh Road Capital Partners LLC High Road Capital Partners acquired York Wallcoverings Inc, a York-based designer and manufacturer of wallpapers and wallcoverings, in a leveraged buyout transaction. Terms were not disclosed.
AmerisourceBergen Technology GroupIntelligent Hosp Sys Inc Intelligent Hospital Systems Inc of Canada acquired AmerisourceBergen Technology Group, a Buffalo Grove-based provider of pharmceutical process automation services, from AmerisourceBergen Corp.
Teton Bancshares IncIntermountain Bancorp Inc Intermountain Bancorp Inc agreed to merge with Teton Bancshares Inc, a Choteau-based community bank.
TreeHouse Interactive IncInvestor Group An investor group comprised of Kennet Partners Ltd and TreeHouse Interactive Inc's (TreeHouse) CEO Joe Wang acquired an undisclosed majority interest in TreeHouse, a Draper-based developer of partner relationship management software, in a leveraged buyout transaction.
Gerry's Tire Services IncJon Weinick Jon Weinick acquired Gerry's Tire Services Inc, a Baltimore-based provider of tire repair services.
DoctorBase IncKareo Inc Kareo Inc acquired DoctorBase Inc, a San Francisco-based developer of practice marketing and patient communications solutions. Terms were not disclosed.
Air Medical Group Holdings IncKKR & Co LP KKR & Co LP definitively agreed to acquire Air Medical Group Holdings Inc (Air Medical), a Lewisville-based provider of air ambulance services, from Bain Capital LLC (Bain) in a secondary buyout transaction. Terms were not disclosed. Previously, in February 2015, Bain Capital LLC was rumored to be seeking a buyer for Air Medical. KKR & Co LP was named as a potential bidder. Originally, Bain acquired Air Medical in a leveraged buyout transaction.
ColocationZoneLightower Fiber Networks Lightower Fiber Networks acquired ColocationZone, a Chicago-based provider of data colocation and managed services.
Homecare CRM LLCMarlin Equity Partners LLC Marlin Equity Partners LLC acquired Homecare CRM LLC, an Alpharetta-based developer of customer relationship management software.
Search Maven Media LLCMatter Communications Inc Matter Communications Inc acquired Search Maven Media LLC, a Beverly-based provider of search engine optimization services. Terms were not disclosed.
Streamline IncMEDOVEX Corp MEDOVEX Corp definitively agreed to acquire the entire share capital of Streamline Inc, a Minneapolis-based manufacturer of medical technology products.
TIBCO Software Inc-StanfordMorgan Stanley Real Estate Fund Inc Morgan Stanley Real Estate Fund Inc, a unit of Morgan Stanley Real Estate Fund LP, ultimately-owned by Morgan Stanley, was rumored to be planning to acquire the Stanford Research Park, a Palo Alto-based office complex. Terms were not disclosed, but according to sources close to the situation, the deal was valued at an estimated $330 million.
4MW SREC 1 Solar,Tolland,MANuGen Capital Management LLC NuGen Capital Management LLC acquired 4MW SREC 1 Solar Project, a Tolland-based alternative energy sources establishment, in a leveraged buyout transaction.
Sidengo LLCOwnLocal Inc OwnLocal Inc acquired Sidengo LLC, an Austin-based developer of website-building tools.
Agere Pharmaceuticals IncPatheon Inc Patheon Inc of Canada, a unit of Pharmaceuticals Products, definitively agreed to acquire Agere Pharmaceuticals Inc, a Bend-based contract development and manufacturing organization.
XinLab IncPCCW Ltd PCCW Ltd of Hong Kong agreed to acquire an undisclosed majority interest in XinLab Inc, a Milpitas-based developer of mobile video streaming software.
Philadelphia GastroenterologyPhysicians Endoscopy LLC Physicians Endoscopy LLC acquired an undisclosed majority interest in Philadelphia Gastroenterology Consultants Ltd, a Philadelphia-based provider of medical services.
Rocket Travel IncPriceline Group Inc Priceline Group Inc (Priceline) acquired Rocket Travel Inc (Rocket), a Chicago-based provider of travel arrangement and reservation services. Terms were not disclosed, but according to people familiar with the transaction, the deal was valued at an estimated $20 million. Originally, in February 2015, Priceline was rumored to be planning to acquire Rocket.
Expicient IncPublicis Groupe SA Publicis Groupe SA of France acquired Expicient Inc, an Andover-based developer of software.
Dynamic Rehabilitation CentersPure HealthyBack Inc Pure HealthyBack Inc, a unit of Welltek Inc, acquired Dynamic Rehabilitation Centers Inc, a Troy-based provider of pain management services, from PainCare Holdings Inc.
Denny's Inc-Restaurants (26)RJC LLC RJC LLC acquired 26 restaurants of Denny's Inc, a Spartanburg-based full-service restaurant operator, ultimately-owned by Denny's Corp.
PeopleFactsSackett National Holdings Inc Sackett National Holdings Inc acquired PeopleFacts, a Maumee-based provider of employment screening services. Terms were not disclosed.
Trade Street Distribution CtrSealy & Co Inc Sealy & Co Inc acquired Lexington-based Trade Street Distribution Center.
Cloudeeva IncSeeking Buyer In March 2015, Cloudeeva Inc, a San Ramon-based provider of diversified cloud computing and information technology solutions services, announced that it was seeking a buyer for the entire share capital of the company.
General Mills-Green GiantSeeking Buyer In March 2015, General Mills Inc, a Minneapolis-based manufacturer of dried and dehydrated foods, was rumored to be seeking a buyer for its Green Giant and frozen and canned vegetable businesses.
FairPoint Communications IncSeeking Buyer In March 2015, FairPoint Communications Inc, a Charlotte-based provider of communications services, was rumored to be seeking a buyer for its entire share capital. Frontier Communications Corp, CenturyLink Inc and Windstream Holdings Inc were named as rumored bidders.
Websense IncSeeking Buyer In March 2015, Vista Equity Partners LLC was rumored to be seeking a buyer for its Websense Inc unit, a San Diego-based software publisher.
Western Metrology IncSelmet Inc Selmet Inc, a unit of Blue Point Capital Partners LP, acquired Western Metrology Inc, a Wilsonville-based manufacturer of precision aerospace components. Terms were not disclosed.
Sikorsky Aircraft CorpShareholders United Technologies Corp, planned to spin off Sikorsky Aircraft Corp, a Stratford-based manufacturer of aircraft, to its shareholders.
Radiology Associates of HollywoodSheridan Healthcare Inc Sheridan Healthcare Inc, a unit of AmSurg Corp, acquired Radiology Associates of Hollywood PA, a Hollywood-based owner and operator of hospitals providing radiology services.
Hosting Intellect LLCSingeHop LLC SingleHop LLC acquired Hosting Intellect LLC doing business as Server Intellect, an Orlando-based managed hosting services. Terms were not disclosed.
TipSense LLCSoftonic International SL Softonic International SL of Spain acquired TipSense LLC, a San Francisco-based developer of search engine application software.
Cathy George & Associates IncSotheby's Intl Rlty Inc Sotheby's International Realty Inc, a unit of NRT LLC, acquired Cathy George & Associates Inc, a Honolulu-based real estate agency.
Stones River MallSterling Value Add Partners Sterling Value Add Partners II LP acquired Stones River Mall, a Murfreesboro-based shopping center.
StitchSugarCRM Inc SugarCRM Inc acquired Stitch, a San Francisco-based developer of personal assistant technologies
Blind Pig RecordsThe Orchard Enterprises Inc The Orchard Enterprises Inc, a unit of Dimensional Associates LLC, acquired Blind Pig Records, a San Francisco-based retailer of music recordings and labels. Terms were not disclosed.
Seaway Plastics Engineering IncTonka Bay Equity Partners LLC Tonka Bay Equity Partners LLC acquired Seaway Plastics Engineering Inc, a Port Richey-based provider of engineering services, in a leveraged buyout transaction. Terms of the transaction were not disclosed.
Lovelace Health Sys Inc-Retail PharmacyWalgreen Co Walgreen Co, a unit of Walgreens Boots Alliance Inc, definitively agreed to acquire the retail pharmacy business of Lovelace Health System Inc, an Albuquerque-based owner and operator of a physician group practice, ultimately-owned by Welsh Carson Anderson & Stowe Co. The transaction was to include six pharmacy stores in Santa Fe and five stores in Albuquerque.
Embassy Suites San AntonioZachry Hospitality Corp Zachry Hospitality Corp, a unit of Zachry Corp, agreed to acquire Embassy Suites San Antonio International Airport, a San Antonio-based hotel, from FelCor Lodging Trust Inc. Terms were not disclosed.
US M&A Deals Announced March 8 - March 13, 2015   
Source: Thomson Reuters