Target Acquirer Value ($millions) Synopsis
Susquehanna Bancshares Inc BB&T Corp 2,492.0 BB&T Corp definitively agreed to acquire the entire share capital of Susquehanna Bancshares Inc in a stock swap transaction valued at an estimated $2.492 billion. BB&T offered 0.253 shares and $4.05 cash per Susquehanna Bancshares common share. Based on BB&T's closing stock price of $38.33 on 11 November 2014, the last full trading day prior to the announcement, each Susquehanna Bancshare share was valued at $13.747.
Angus Chemical Co Golden Gate Capital 1,215.0 Golden Gate Capital definitively agreed to acquire Angus Chemical Co, a Buffalo Grove-based manufacturer of nitroalkane-based chemicals, from The Dow Chemical Co for $1.215 billion in cash in a leveraged buyout transaction. Originally, Dow Chemical announced that it was seeking a buyer for its Angus Chemical unit. Golden Gate Capital was named a potential bidder. Concurrently, Rohm & Haas Co, a wholly-owned unit of Dow Chemical, was rumored to be seeking a buyer for its AgroFresh Inc unit.
Big Fish Games Inc Churchill Downs Inc 900.0 Churchill Downs Inc definitively agreed to acquire the entire share capital of Big fish Games Inc, a Seattle-based developer, wholesaler and retailer of gaming software, for $900 million. The consideration offered was to include $485 million in cash, $15 million in common shares and up to $400 million in profit-related payments.
BrightRoll Inc Yahoo! Inc 640.0 Yahoo Inc definitively agreed to acquire BrightRoll Inc, a San Francisco-based provider of digital video advertising services, for an estimated $640 million in cash. Originally, in October 2014, Yahoo was rumored to be planning to acquire BrightRoll.
Clondalkin Grp-Specialist Packaging ESNT International Ltd 455.0 ESNT International Ltd of the UK, a unit of Essentra PLC, agreed to acquire the Specialist Packaging Division of Clondalkin Group an Amsterdam-based manufacturer and wholesaler of packaging and print products and a unit of Warburg Pincus LLC, for an estimated $455 million.
Evergreen Tank Solutions Inc Mobile Mini Inc 405.0 Mobile Mini Inc definitively agreed to acquire Evergreen Tank Solutions Inc, a Houston-based provider of mobile liquid and solid storage tanks, containers, pumps and filter rental services, from Odyssey Investment Partners LLC for $405 million in cash.
Xtime Inc Cox Automotive Inc 325.0 Cox Automotive Inc, a unit of Cox Enterprises Inc, definitively agreed to accquire Xtime Inc, a Redwood City-based developer of retail automotive solutions software, from BDCA Ventures Inc and other undisclosed sellers for $325 million in cash.
CENTRIA Inc NCI Building Systems Inc 245.0 NCI Building Systems Inc, a unit of Clayton Dubilier & Rice LLC, definitively agreed to acquire CENTRIA Inc, a Moon Township-based designer, engineer and manufacturer of architectural insulated metal panel wall and roof systems, for an estimated $245 million in cash.
Conning & Co Cathay Life Insurance Co Ltd 240.0 Cathay Life Insurance Co Ltd of Taiwan, a unit of Cathay Financial Holding Co Ltd, agreed to acquire the remaining 90.1% interest which it did not already own in Conning & Co, a Connecticut-based provider of insurance asset management services, from Aquiline Capital Partners LLC for an estimated $240 million.
LS Power Group-Renaissance Power Plant DTE Energy Co 240.0 DTE Energy Co planned to acquire the Renaissance Power Plant located in Carson City, Michigan from LS Power Group, a New York-based electric utility company, for $240 million.
Centerre Healthcare Corp Kindred Healthcare Inc 195.0 Kindred Healthcare Inc definitively agreed to merge with Centerre Healthcare Corp, a Brentwood-based owner and operator of rehabilitation hospitals, for an estimated $195 million in cash.
Horizon Lines Inc-Hawaii Trade-Lane The Pasha Group 141.5 The Pasha Group definitively agreed to acquire the Hawaii Trade-Lane business of Horizon Lines Inc, a Charlotte-based provider of ocean transportation and logistics services, for an estimated $141.5 million. Concurrently, Matson Inc definitively agreed to acquire the entire share capital of Horizon Lines.
Natrol Inc Aurobindo Pharma USA Inc 132.5 Aurobindo Pharma USA Inc, a unit of Aurobindo Pharma Ltd, planned to acquire bankrupt Natrol Inc, a Chatsworth-based manufacturer of dietary supplements, from Plethico Pharmaceuticals Ltd for $132.5 million and the assumption of undisclosed amount in liabilities via an auction. Originally, in September 2014, Natrol announced that it was seeking a buyer for the company.
Shopping Centers(3) Devonshire REIT Inc 88.4 Devonshire REIT Inc acquired three shopping centers located in Ohio, Tennessee and Indiana for $88.4 million. The shopping centers were comprised of The Plaza at Chapel Hill, Oak Park Town Center and Forest Park Plaza.
The Westin Colonnade Coral Gables Pebblebrook Hotel Trust 59.4 Pebblebrook Hotel Trust acquired The Westin Colonnade Coral Gables, a Coral Gables-based hotel, for $59.4 million.
Multifamily Properties(2) Investor Group 46.0 An investor group comprised of Corporate Property Associates 18-Global Inc, a unit of WP Carey Inc, Silverpeak Real Estate Partners LLP and Carroll Organization acquired two multifamily properties located in Georgia for an estimated $46 million. The properties were comprised of Dupont Place Apartments and Gentry's Walk.
Horizon Lines Inc Matson Inc 31.7 Matson Inc, through its Hogan Acquisition Inc wholly-owned subsidiary, definitively agreed to acquire the entire share capital of Horizon Lines Inc, a Charlotte-based provider of ocean shipping logistics, for $0.72 in cash per common share and restricted common share, or a total value of $31.714 million. The transaction was conditioned upon the completion of The Pasha Group's acquisition of the Hawaii Trade-Lane business of Horizon Lines.
GX Clarke & Co INTL FCStone Inc 29.0 INTL FCStone Inc agreed to acquire GX Clarke & Co , a Jersey City-based provider of securities brokerage services, for an estimated $29 million. The consideration offered was to consist of an estimated $27.5 million and up to $15 million in profit-related payments. Upon completion, GX Clarke was to be renamed INTL FCStone LP.
Prism Technologies LLC Internet Patents Corp 26.9 Internet Patents Corp definitively agreed to merge with Prism Technologies LLC, an Omaha-based provider of intellectual property licensing and technology research and development services, for $26.885 million. The consideration offered was to consist of $16.5 million cash and the issuance of 3.5 million common shares valued at $10.385 million. The shares were valued based on Internet Patents' closing stock price of $2.967 on 10 November 2014, the last full trading prior to the announcement.
Effyis Inc Hottolink Inc 22.0 Hottolink Inc of Japan agreed to acquire the entire share capital of Effyis Inc, a Troy, Michigan-based provider of social media data services, for $22 million in cash.
M2 Renewables Inc RDX Technologies Corp 14.0 RDX Technologies Corp acquired M2 Renewables Inc, a Lake Forest-based provider of wastewater treatment and renewable energy services, for $14 million. The consideration offered consisted of $1 million in cash, $2 million in promissory notes and up to $11 million in profit-related payments.
Charleston Corp Patrick Industries Inc 9.6 Patrick Industries Inc acquired Charleston Corp, a Bremen-based manufacturer of fiberglass and plastic components, for an estimated $9.6 million.
Stoke Inc Mavenir Systems Inc 4.8 Mavenir Systems Inc definitively agreed to acquire the entire share capital of Stoke Inc, a Santa Clara-based provider of wireless communications services, for an estimated $4.8 million. The consideration offered was to consist of $2.9 million in cash and the assumption of $1.9 million in liabilities.
West Michigan Savings Bank,Bangor Sturgis Bancorp Inc,MI 4.0 Sturgis Bancorp Inc definitively agreed to acquire the entire share capital of Bangor-based West Michigan Savings Bank for $4 million in cash.
KORE Wireless Group Inc ABRY Partners LLC   ABRY Partners LLC acquired an undisclosed majority interest in KORE Wireless Group Inc, a Herndon-based mobile virtual network operator, in a leveraged buyout transaction. Concurrently, KORE Wireless Group planned to acquire RacoWireless LLC.
CSS Alliance LLC Aperture Health Inc   Aperture Health Inc signed a letter of intent to acquire CSS Alliance LLC, a provider of steel management services.
Leftronic Inc AppDirect LLC   AppDirect LLC acquired Leftronic Inc, a San Francisco-based developer of real-time data visualization platforms.
SGB-NIA Insurance Brokers Arthur J Gallagher & Co   Arthur J Gallagher & Co acquired SGB-NIA Insurance Brokers, a Woodland Hills-based provider of retail property/casualty, risk management and employee benefits insurance services. Terms of the transaction were not disclosed.
Forker Co Arthur J Gallagher & Co   Arthur J. Gallagher & Co acquired Forker Co, an Arlington Heights-based provider of retail insurance services. Terms were not disclosed.
Dendreon Corp Bondholders   Dendreon Corp, a Seattle-based manufacturer of therapeutic vaccines for cancer treatment, agreed to a debt restructuring transaction with bondholders. Bondholders of 2.875% Convertible Senior Notes due 2016 will receive common equity in exchange for outstanding debt. Upon completion, bondholders were to hold and undisclosed interest in the restructured Dendreon. The book value of the existing debt that was to be exchanged under the terms of the offer was $620 million.
Hannah Lofts & Townhomes Campus Advantage Inc   Campus Advantage Inc acquired Hannah Lofts & Townhomes, an East Lansing-based owner and operator of student housing communities.
Micron Technologies Inc Catalent Inc   Catalent Inc, a unit of Blackstone Group LP, acquired Micron Technologies Inc, a Lavern-based provider of pharmaceutical research and development services, from Arlington Capital Partners LP.
Buffalo Prairie State Bank,Illinois Central Bancshares Inc   Central Bancshares Inc agreed to acquire Buffalo Prairie-based Buffalo Prairie State Bank. Terms were not disclosed.
Ditron Inc Cytta Corp   Cytta Corp signed a letter of intent to acquire the entire share capital of Ditron Inc, a Stormville-based manufacturer of metal stamping products. Terms of the deal were not disclosed.
Time Logistics Couriers LLC Dicom Express Inc   Dicom Express Inc of Canada, a unit of Wind Point Partners, acquired Time Logistics Couriers LLC, a Norcross-based provider of B2B third-party-logistics.
Amer Finishing Resources Inc DuBois Chemicals Inc   Dubois Chemicals Inc acquired American Finishing Resources Inc, a Chilton-based provider of coating removal services.
Cancer Centers of North Carolina-Facilities Duke University Health System   Duke University Health System Inc, a unit of Duke University, acquired the cancer facilities located in Wake County of Cancer Centers of North Carolina, a Cary-based owner and operator of oncology therapy clinics.
Old Town Fuel & Pulp Mill Expera Specialty Solutions LLC   Expera Specialty Solutions LLC, a unit of KPS Capital Partners LP, definitively agreed to acquire Old Town Fuel & Pulp Mill, an Old Town-based manufacturer of paper and pulp products. Terms were not disclosed.
Quick Solutions LLC Fussion Alliance   Fussion Alliance merged with Quick Solutions LLC, a Westerville-based developer of software.
Marquis Consulting Services Gemalto NV   Gemalto NV of the Netherlands acquired the entire share capital of Marquis Consulting Services Inc, a Fort Wayne-based provider of driver's license and identification card production services. Terms were not disclosed.
Alpine Beer Co Green Flash Brewing Co   Green Flash Brewing Co acquired Alpine Beer Co, an Alpine-based producer of brewed beers and ales.
Baker Hughes Inc Halliburton Co   Halliburton Co was rumored to be planning to acquire Baker Hughes Inc, a Houston-based manufacturer of oil and natural gas machinery.
DreamWorks Animation SKG Inc Hasbro Inc   Hasbro Inc was rumored to be planning to acquire the entire share capital of DreamWorks Animation SKG Inc, a Glendale-based provider of computer generated animated films production and distribution services.
XPIENT Solutions LLC Heartland Payment Systems Inc   Heartland Payment Systems Inc acquired XPIENT Solutions LLC, a Charlotte-based provider of operations management services.
Survey Sampling International HGGC LLC   HGGC LLC acquired an undisclosed majority interest in Survey Sampling International LLC, a Shelton-based provider of survey research services, from Providence Equity Partners LLC in a secondary buyout transaction. Previously, Providence Equity Partners acquired Survey Sampling International in a leveraged buyout transaction.
Surety Partners of America-Underwriting Operations Hudson Insurance Group   Hudson Insurance Group, a unit of Odyssey RE Holdings Corp, ultimately-owned by Fairfax Financial Holdings Ltd, acquired the underwriting operations of Surety Partner of America LLC, a Chester-based provider of surety insurance services.
JOC Group Inc IHS Inc   US-IHS Inc definitively agreed to acquire JOC Group Inc, a Newark-based developer of business intelligence software, from AXIO Data Group Ltd, a unit of Electra Partner LLP.
Whirlpool Corp-Warehouse Ppty Industrial Developers Ltd   Industrial Developers Ltd acquired the warehouse property of Whirlpool Corp, a Benton Harbor-based manufacturer and wholesaler of household appliances.
Installed Building Solutions LLC Installed Building Products   Installed Building Products Inc acquired Installed Building Solutions LLC, a Farmington-based provider of insulation products installation contracting services.
Gavilon LLC-Grain Elevator Interstate Commodities Inc   Interstate Commodities Inc acquired the grain elevator assets of Gavilon LLC, an Omaha-based wholesaler of agricultural and energy commodities and a unit of Gavilon Group LLC, ultimately-owned by Marubeni Corp. Terms were not disclosed.
American Disposal Services Ltd Intervale Capital LLC   Intervale Capital LLC acquired an undisclosed majority interest in American Disposal Services Ltd, a Sealy-based provider of disposal services, in a leveraged buyout transaction. Terms were not disclosed.
ACI Merchant Systems LLC JetPay Corp   JetPay Corp acquired ACI Merchant Systems LLC, a Langhorne-based provider of debt and credit card processing services, from Vantiv Inc.
Cresa Portland Jones Lang LaSalle Inc   Jones Lang Lasalle Inc agreed to acquire Cresa Portland, a Portland-based real estate firm.
RacoWireless LLC KORE Wireless Group Inc   KORE Wireless Group Inc, a unit of ABRY Partners LLC, planned to acquire RacoWireless LLC, a Blue Ash-based provider of wireless data solutions. Concurrently, ABRY Partners acquired an undisclosed majority stake in KORE Wireless Group.
Tigrent Inc Legacy Education Alliance Inc   Priced In Corp acquired the entire share capital of Tigrent Inc, a Cape Coral-based provider of post-secondary education services, in exchange for 16 million Priced In Corp common shares in a stock swap transaction. Upon completion, Priced In Corp changed its name to Legacy Education Alliance Inc.
Spectrum Edu Solutions Liaison International Inc   Liaison International Inc acquired Spectrum Edu Solutions, a Poughkeepsie-based provider of CRM and marketing solutions.
Kahala Associates LIST International Realty Inc   JAPAN - LIST International Realty Inc planned to acquire the entire share capitaol of Kahala Associates, a Hawaii-based provider of real estate agency services.
Wells Fargo & Co-Loans Navient Corp   Navient Corp planned to acquire the Family Education Loan Program Loans of Wells Fargo & Co, a San Francisco-based bank holding company. Terms were not disclosed.
Packaging Dynamics Corp NOVOLEX Holdings Inc   NOVOLEX Holdings Inc, a unit of Wind Point Partners, definitively agreed to acquire the entire share capital of Packaging Dynamics Corp, a Chicago-based manufacturer of food packaging products, from Kohlberg & Co LLC.
Wyndham Riverfront New Orleans Omni Hotels Corp   Omni Hotels Corp, a unit of TRT Holdings Inc, acquired Wyndham Riverfront New Orleans, a New Orleans-based hotel.
Merrick Systems Inc P2 Energy Solutions Inc   P2 Energy Solutions Inc, a unit of Advent International Corp's Advent International Global Private Equity subsidiary, definitively agreed to acquire Merrick Systems Inc, a Houston-based software developer.
LSI Corp-Certain Assets Polaris Industries Inc   Polaris Industries Inc acquired certain assets of LSI Corp, a San Jose-based manufacturer of standard integrated circuits and custom-designed application-specific ICs, from Avago Technologies Ltd. Terms of the deal were not disclosed.
Comnet Telecom Supply Inc RF Industries Ltd   RF Industries Ltd planned to acquire Comnet Telecom Supply Inc, an East Brunswick-based provider of telecommunications and data products services.
GK Holdings Inc Rhone Capital LLC   Rhone Capital LLC agreed to acquire GK Holdings Inc, a Cary-based provider of authorized training for technology vendors including Cisco, Microsoft and VMware, from MidOcean Partners LLP. Terms of the transaction were not disclosed.
Worldwide Trade Partners LLC Ryan LLC   Ryan LLC agreed to acquire Worldwide Trade Partners LLC, a White Plains-based provider of tax and business advisory services.
Busche Enterprise Division Inc Shipston Group Ltd   Shipston Group Ltd of Bahamas acquired Busche Enterprise Division Inc, an Albion-based manufacturer of machining components, in a leveraged buyout transaction. Terms were not disclosed.
SolarBridge Technologies Inc SunPower Corp   Sunpower Corp, a majority-owned unit of Total SA, acquired SolarBridge Technologies Inc, an Austin-based manufacturer of microinverters. Terms were not disclosed.
Health Services Integration Syncordia Technologies & Healthcare Solutions Inc   Syncordia Technologies & Healthcare Solutions Inc acquired Health Services Integration Inc, a Santa Rosa-based provider of medical claims management services.
Industrial Noise Control Inc United Process Inc   United Process Inc, a unit of Hamilton Robinson Capital Partners LLC, acquired Industrial Noise Control Inc, a North Aurora-based manufacturer of noise control products and systems.
SecureNet Payment Systems LLC WorldPay Ltd   Worldpay Ltd of the UK definitively agreed to acquire SecureNet Payment Systems LLC, a Rockville-based provider of payment solutions, from Sterling Partners. Terms of the transaction were not disclosed.
US M&A Deals Announced November 9 - November 14, 2014      
Source: Thomson Reuters      

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