Each of the distressed borrowers will obtain a $62.50 refund from the FTC. Image: ThinkStock
Target Acquirer Value ($millions) Synopsis
Hillshire Brands Co Tyson Foods Inc 6,132.4 Tyson Foods Inc planned to launch an unsolicited challenging tender offer to acquire the entire share capital of Hillshire Brands Co (Hillshire), a Chicago-based producer and wholesaler of packaged meat, baked goods, frozen foods, coffee and other grocery goods, for $50 in cash per share or a total value of $6.132 billion. The transaction is contingent upon the termination of the acquisition of Pinnacle Foods Inc by Hillshire. Previously, Pilgrim's Pride Corp planned to launch an unsolicited tender offer for the entire share capital of Hillshire.
Hillshire Brands Co Pilgrim's Pride Corp 5,519.2 Pilgrims Pride Corp, a unit of JBS SA's JBS USA Holdings Inc subsidiary, planned to launch an unsolicited tender offer to acquire the entire share capital of Hillshire Brands Co (Hillshire), a Chicago-based producer and wholesaler of packaged meat, baked goods, frozen foods, coffee and other grocery goods, for $45 in cash per share or a total value of $5.519 billion. The transaction is contingent upon the termination of the acquisition of Pinnacle Foods Inc by Hillshire. Subsequently, Tyson Foods Inc planned to launch an unsolicited challenging tender offer to acquire the entire share capital of Hillshire.
Beats Electronics LLC Apple Inc 3,000.0 Apple Inc (Apple) agreed to acquire Beats Electronics LLC (Beats), a New York-based manufacturer and wholesaler of headphones, for an estimated $3 billion. The consideration was to consist of an estimated $2.6 billion and an estimated $400 million in Apple common shares. Originally, in May 2014, Apple was rumored to be planning to acquire the entire share capital of Beats. The transaction was to include Beats Music LLC.
Sheridan Healthcare Inc AmSurg Corp 2,350.0 AmSurg Corp (AmSurg) definitively agreed to acquire Sheridan Healthcare Inc, a Sunrise-based provider of specialist physician management services, from Hellman & Friedman LLC, for an estimated $2.35 billion. The consideration was to consist of $1.735 billion in cash and the issuance of AmSurg common shares valued at $615 mil.
Los Angeles Clippers Steven Anthony Ballmer 2,000.0 Steven Anthony Ballmer agreed to acquire Los Angeles Clippers (Clippers), a Los Angeles-based owner and operator of a professional basketball team, from Sterling Family Trust, for $2 billion. Previously, on May 2014, Shelly announced that it was seeking a buyer for Clippers unit. An investor group comprised of Magic Johnson, Mark Walter and Guggenheim Partners, an investor group comprised of Oprah Winfrey, David Geffen, and Larry Ellison, Sean Combs, Floyd Mayweather Jr, Matt Damon, Mindy Kaling, and Steve Ballmer, were named potential bidders. Originally, in April 2014, Donald Sterling, was rumored to be seeking a buyer for its Clippers unit.
PetroLogistics LP Flint Hills Resources LLC 1,222.1 Flint Hills Resources LLC (Flint Hills), a unit of Koch Industries LLC, definitively agreed to acquire a 73.155% interest, or 101.842 million common units, in PetroLogistics LP (PetroLogistics), a Houston-based manufacturer of propylene, from Lindsay Goldberg LLC (50.061%), York Capital Management LLC (12. 515%), David Lumpkins (5.689%) and Nathan Ticatch (4.890%), for $12 in cash per share, or a total value of $1.222 billion. Concurrently, PetroLogistics definitively agreed to acquire the remaining 26.845% stake, or 37.371 million common units, which it did not already own, in PetroLogistics, for $14 in cash per share.
PetroLogistics LP Flint Hills Resources LLC 523.2 Flint Hills Resources LLC (Flint Hills), a unit of Koch Industries LLC, definitively agreed to acquire acquire the remaining 26.845% stake, or 37.371 million common units, which it did not already own, in PetroLogistics LP (PetroLogistics), a Houston-based manufacturer of propylene, for $14 in cash per share, or a total value of $523.197 million.Concurrently, Flint Hills definitively agreed to acquire a 73.155% interest, or 101.842 million common units, in PetroLogistics.
Avago-Flash Components Seagate Technology PLC 450.0 Seagate Technology PLC definitively agreed to acquire the Flash Components Division from Avago Technologies Ltd, a San Jose-based manufacturer and wholesaler of optoelectronics components for $450 million in cash. Concurrently, Seagate definitively agreed to acquire the Accelerated Solutions Division from LSI Corp.
Check Inc Intuit Inc 360.0 Intuit Inc (Intuit) definitively agreed to acquire Check Inc (Check), a Palo Alto-based developer of personal finance and travel management software, for an estimated $360 million.Originally, in April 2014, Intuit was rumored to be planning to acquire Check.
Ecova Inc Cofely USA Inc 335.0 Cofely Usa Inc, a unit of GDF Suez SA, definitively agreed to acquire Ecova Inc, a Spokane-based provider of energy management services, from Avista Corp, for an estimated $335 million in cash.
Bedford Laboratories Hikma Pharmaceuticals PLC 300.0 Hikma Pharmaceuticals PLC of the UK agreed to acquire Bedford Laboratories (Bedford), a Bedford-based manufacturer of specialty injectable products, from Ben Venue Laboratories Inc (Ben Venue), a unit of CH Boehringer Sohn AG & Co KG's Boehringer Ingelheim GmbH subsidiary, for $300 million.The consideration was to consist of $225 million cash and up to $75 million in profit-related payments. Originally, in December 2013, Ben Venue announced that it was seeking a buyer for Bedford.
AngioScore Inc Spectranetics Corp 230.0 Spectranetics Corp (Spectranetics) definitively agreed to merge with AngioScore Inc, a Fremont-based manufacturer of scoring balloon catheters, for $230 million.The consideration was to consist of $115 million in cash and $115 million worth of Spectranetics common shares.
Hotel Coronado,San Diego,CA Strategic Hotels & Resorts Inc 210.0 Strategic Hotels & Resorts Inc agreed to acquire the remaining 63.6% interest, which it did not already own, in Hotel del Coronado, a San Diego-based owner and operator of a hotel, for $210 million in cash.
Liberty Bancshares Inc,MO Simmons First Natl Corp 206.9 Simmons First National Corp (Simmons) definitively agreed to acquire the entire share capital of Liberty Bancshares Inc, a Springfield-based bank holding company, from Prosperity Bancshares Inc, for an estimated $206. 9 million in Simmons common shares.
Knox Oil Field Supply Inc Applied Industrial Tech Inc 132.8 Applied Industrial Technologies Inc definitively agreed to acquire the entire share capital of Knox Oil Field Supply Inc, a San Angelo-based provider of oil field support services, for $132.82 million in cash.
Atheromed Inc Volcano Corp 130.0 Volcano Corp agreed to acquire AtheroMed Inc, a Menlo Park-based medical device company, for an estimated $130 million.The consideration was to consist of an estimated $115 million cash and up to $15 million in profit-related payments.
920 Broadway Office Bldg,NY KLM Construction Ltd 120.0 KLM Construction Ltd of the UK acquired the office building, located in New York, of The Carlyle Group LP and ClearRock Properties, for $120 mil.
Speculative Design Products Samsonite International SA 85.0 Samsonite International SA of Belgium acquired Speculative Design Products Inc, a Mountain View-based manufacturer of protective cases for consumer electronics products, from VMG Equity Partners, for $85 million in cash.
SpringHill Suites Marriot,NY KSG Enterprises Ltd 82.0 KSG Enterprises Ltd, a wholly-owned unit of Keck Seng (Malaysia) Bhd agreed to acquire SpringHill Suites Marriot, a New York-based owner and operator of hotel from 2537 Associates LLC, for $82 mil.
GE Aviation Systems-Hydraulic Triumph Group Inc 70.0 Triumph Group Inc definitively agreed to acquire the hydraulic actuation business of GE Aviation Systems LLC, a Cincinnati-based manufacturer of aircraft engines and parts, and a unit of General Electric Co, for an estimated $70 mil.
Stoneridge Inc-Wiring Harness Motherson Sumi Systems Ltd 65.7 Motherson Sumi Systems Ltd of India agreed to acquire the wiring harness business of Stoneridge Inc, a Warren-based manufacturer of electrical and electronic components, modules and systems, for $65.7 million and the assumption og undisclosed amount in liabilities. The transaction was to include six manufacturing facilities located in Portland, Indiana; Chihuahua, Saltillo, and Monclova in Mexico, and the engineering and administrative center located in Warren, Ohio.
Astrotech Space Operations Inc Lockheed Martin Corp 61.0 Lockheed Martin Corp (Lockheed) definitively agreed to acquire Astrotech Space Operations Inc (ASO), a Titusville-based provider of spacecraft processing services, from Astrotech Corp, for 61 million.Upon completion, ASO was to become a wholly- owned subsidiary of Lockheed.
Nashville Speedway-Facility NeXovation Inc 45.8 NeXovation Inc definitively agreed to acquire the Nashville Superspeedway facility of Nashville Speedway USA Inc, a Lebanon-based provider of race track services, and a wholly-owned unit of Dover Motorsports Inc, for $45.8 million.The consideration was to consist of $27 million in cash and the assumption of $18. 8 million in liabilities.
Sunstone US Opportunity-Walker Pure Multi-Family REIT LP 43.8 Pure Multi-Family REIT LP of Canada agreed to acquire the Walker Commons of Sunstone US Opportunity (No. 2) Realty Trust, a Vancouver-based an open-end investment trust, for $43.8 mil.
CPO Commerce Inc United Stationers Supply 40.0 United Stationers Supply Co, a wholly-owned unit of United Stationers Inc, agreed to acquire the entire share capital of CPO Commerce Inc, a Pasadena-based provider of ecommerce retail services, for $40 million.The consideration was to consist of $30 million in cash and up to $10 million in profit- related payments.
MKTG Inc Aegis Lifestyle Inc 39.0 Aegis Lifestyle Inc, a unit of Dentsu Aegis Network Ltd, definitively agreed to acquire the entire share capital of MKTG Inc, a New York-based marketing agency, for $2.8 per share, or a total value of $39.045 million in cash. The transaction was to include the acquisition of Series D preferred stock convertible into 5.319 million common shares.
The Arboretum The Connor Group 32.3 The Connor Group acquired The Arboretum, a Charlotte-based owner and operator of apartment buildings and a unit of Simpson Financial LLP, for $32.25 million in cash.
Hudye Farms US Inc Farmland Partners Inc 24.5 Farmland Partners Inc agreed to acquire Hudye Farms US Inc, a Burlington-based owner and operator of crop farms, from Hudye Inc, for $24.5 mil.
Violin Memory-PCIe Product Lin SK Hynix Inc 23.5 SK Hynix Inc of South Korea definitively agreed to acquire the PCIe product line of Violin Memory Inc, a Santa Clara-based manufacturer and wholesaler of caching solution appliances, for an estimated $23.5 million.The consideration was to consist of an estimated $23 million in cash and the assumption of $0.5 million in liabilities.
Sagamore Dining-Restaurant(16) Noodles & Co 13.4 Noodles & Co planned to acquire 16 Noodles & Co restaurants from Sagamore Dining Partners LLC, for $13.4 mil.
Virginia Co Bank,Newport News Eastern Virginia Bankshares 9.6 Eastern Virginia Bankshares Inc (Eastern Virginia) definitvely agreed to merge with Newport News-based Virginia Co Bank (Virginia Co), for $9.583 million in cash. Eastern Virginia offered a choice of $6.25 in cash per share or 0.926 common share per Virginia Co share. Based on Eastern Virginia's closing stock price of $6.62 on 28 May 2014, the last full trading day prior to the announcement, each Virginia Co share was valued at $6.13.
Mediabistro Inc-Assets PGM-MB Holdings LLC 8.0 PGM-MG Holdings LLC, a subsidiary of Guggenheim Partners LLC and Pluribus Capital Managements Prometheus Global Media LLC unit, definitively agreed to acquire the editorial and e- commerce assets of Mediabistro Inc, a New York-based provider of online information services, for $8 million in cash.
Wikitechnologies Inc Cubed Inc 8.0 Cubed Inc (Cubed) agreed to acquire the entire share capital of WikiTechnologies Inc, a Delaware-based provider of online payment platforms, for $7.980 million.The consideration was to consist of $1.5 million in cash and the issuance 1.2 million of Cubeds newly issued common shares valued at $6.480 million.The shares were valued based on Cubeds closing stock price of $5.4 on 21 May 2014, the last full trading day prior to the announcement.
Harrodsburg Marketplace Wheeler REIT Inc 5.0 Wheeler Real Estate Investment Trust Inc planned to acquire Harrodsburg Marketplace, a Harrodsburg-based owner and operator of shopping centers for an estimated $5 million in cash plus an undisclosed amount in debt.
Amabel Townhomes,LA,CA Bascom Group LLC 2.3 Bascom Group LLC acquired Amabel Townhomes, a Los Angeles-based owner and operator of apartment buildings, for $2.3 million in cash, in a leverage buyout transaction.
Chicago Miniature Lighting LLC AGM Automotive Inc   AGM Automotive Inc acquired Chicago Miniature Lighting LLC, a Novi-based provider of miniature and manufacturer of LED assemblies for the automotive market. Terms of the transaction were not disclosed.
MGA Insurance Group Arthur J Gallagher & Co   Arthur J Gallagher & Co acquired MGA Insurance Group, a Lakewood Ranch-based provider of insurance services. Terms were not disclosed.
DF King & Co Inc AST Fund Solutions LLC   AST Fund Solutions LLC, a unit of Pacific Equity Partners Pty Ltd's American Stock Transfer & Trust Co subsidiary, definitively agreed to acquire DF King & Co Inc, a New York-based provider of full-service proxy solicitation services. Terms were not disclosed.
ValueOptions Inc Beacon Health Strategies LLC   Beacon Health Strategies LLC, a unit of Diamond castle Holdings LLC, definitively agreed merged with ValueOptions Inc, a Norfolk-based provider of behavioral healthcare services, from FHC Health Systems Inc. Terms were not disclosed.
Hilsinger Co LP Blue Point Capital Partners LP   Blue Point Capital Partners LP acquired Hilsinger Co LP, a Plainville-based retailer of eyewear and eye care products and accessories, in a tertiary buyout transaction. Terms were not disclosed. Previously, PNC Equity Partners acquired Hilsinger Co LP, in a secondary buyout transaction. Originally, a management-led investor group, including ICV Capital and Palladium Equity, acquired Hilsinger in a leveraged buyout transaction.
Scott Danahy Naylon Co Inc Financial Institutions Inc   Financial Institutions Inc definitively agreed to acquire Scott Danahy Naylon Co Inc, a Amherst-based insurance brokerage company.
Bank of America Corp-Br(13),TN First Tennessee Bank Natl Asso   First Tennessee Bank National Association, a unit of First Horizon National Corp, agreed to acquire 13 branches, located in Tennessee, from Bank of America Corp, a Charlotte-based provider of banking and certain non-banking financial services and products.
OptionsHouse LLC General Atlantic LLC   General Atlantic LLC definitively agreed to acquire the entire share capital of OptionsHouse LLC, a Chicago-based provider of online securities brokerage services, from PEAK6 Investments LP, in a leveraged buyout transaction. Concurrently, General Atlantic definitively agreed to acquire an undisclosed majority interest in OM Securites LLC, in a leveraged buyout transaction. Upon completion, OptionsHouse and OM Securities were to merge as a new combined company.
OM Securities LLC General Atlantic LLC   General Atlantic LLC definitively agreed to acquire an undisclosed majority interest in OM Securites LLC,a Chicago-based provider of online securities brokerage services, in a leveraged buyout transaction. Concurrently, General Atlantic definitively agreed to acquire the entire share capital of OptionsHouse LLC, in a leveraged buyout transaction. Upon completion, OptionsHouse and OM Securities were to merge as a new combined company.
Cork Factory Lofts,Pittsburgh GMH Associates Inc   GMH Capital Partners Inc acquired Cork Factory Lofts, a Pittsburgh-based owner and operator of apartment buildings.
Dropcam Inc Google Inc   Google Inc was rumored to be planning to acquire Dropcam Inc, a San Francisco-based manufacturer of home security cameras.
Identity Group Inc Investor Group   An investor group comprised of Ancor Capital Partner, Merit Capital Partners, and PNC Mezzanine Capital Corp, acquired Identity Group LLC, a Cookeville-based manufacturer and wholesaler of custom identity products, in a tertiary buyout transaction. Previously, Saw Mill Capital Partners LP acquired Identity Group LLC, in a secondary buyout transaction. Originally, an investor group comprised of Bessemer Holdings LP and The Beacon Group acquired Identity Group LLC in a leveraged buyout transaction.
Eastside Medical Consultants IPC The Hospitalist Co Inc   IPC The Hospitalist Co Inc acquired Eastside Medical Consultants LLC, a Wichita-based provider of hospitalist services.
Glass Elevator Media Co LLC Killer Films Inc   Killer Films Inc merged with Glass Elevator Media Co LLC, a Beverly Hills-based media company. On completion, the new company formed was named Killer Content.
Graves Hospitality-Graves 601 Loews Hotels Inc   Loews Hotels Inc, a unit of Loews Corp, agreed to acquire the Graves 601 Hotel Wyndham Grand of Graves Hospitality Corp, a Minneapolis-based real estate development firm.
Cognitive Match Ltd Magnetic Media Online Inc   Magnetic Media Online Inc acquired Cognitive Match Ltd, a New York-based developer of Dynamic Creative Targeting solutions.
TrustHCS LLC-Cancer Registry Medical Record Associates LLC   Medical Record Associates LLC acquired the cancer registry business of TrustHCS LLC, a Springfield-based provider of health information management services.
Hedge Solutions Inc North Street Global Fund Svcs   North Street Global Fund Services LLC, a unit of North Street Group, acquired Hedge Solutions Inc, a Manchester-based provider of investment management consulting services. Terms were not disclosed.
LP Capital Advisors LLC Pavilion Financial Corp   Pavilion Financial Corp of Canada acquired LP Capital Advisors LLC, an El Dorado Hill-based provider of investment advisory services.
Greene Coach Co Inc Premier Transportation LLC   Premier Transportation LLC merged with Greene Coach Co Inc, a Greeneville-based provider of charter services and specialty tours. Terms were not disclosed.
Amware Logistics Services Inc Rotunda Capital Partners LLC   Rotunda Capital Partners LLC acquired an undisclosed majority interest in Amware Logistics Services Inc, an Eagle-based provider of logistics services.
LSI Corp-Accelerated Solutions Seagate Technology PLC   Seagate Technology PLC definitively agreed to acquire the Accelerated Solutions Divisions of LSI Corp, a San Jose-based manufacturer of standard integrated circuits and custom designed application specific ICs. Concurrently, Seagate definitively agreed to acquire the Flash Components Division from Avago Technologies Ltd for $450 million in cash.
Newell Recycling Co-Asts Structural Metals Inc   Structural Metals Inc, a unit of Commercial Metals Co, definitively agreed to acquire the assets of Newell Recycling of San Antonio LP, a San Antonio-based provider of recycling services.
NitroDesk Inc Symantec Corp   Symantec Corp acquired NitroDesk Inc, a Bellevue-based developer of email security software.
C3I Inc Telerx Marketing Inc   Telerx Marketing Inc, a unit of Merck & Co Inc's Merck Sharp & Dohme Corp subsidiary, agreed to acquire C3I Inc, a Morristown-based developer of technical support solutions.
Pic-N-Pac Storage U-Haul Moving & Storage of LV   U-Haul Moving & Storage Of Las Vegas, a unit of Amerco's U-Haul International Inc, acquired Pic-N-Pac Storage, a Las Vegas-based provider of warehousing and storage services.
Network Packaging LLC Victory Packaging Inc   Victory Packaging Inc acquired Network Packaging LLC, a Denver-based wholesaler of commercial packaging products.
TRU Corp Winchester Electronics Corp   Winchester Electronics Corp, a unit Audax Group LP, acquired TRU Corp, a Peabody-based manufacturer of RF connectors and cable assemblies. Terms were not disclosed.
Trip Companion Books World Guide Publishing   World Guide Publishing agreed to merge with Trip Companion Books Publishing Co, a New York-based publishing company.
Vortex Brands Co Zulu Energy Corp   Zulu Energy Corp (Zulu) acquired the entire share cpapital of Vortex Brands Co (Vortex), a Denver-based retailer of tennis racquets. On completion, Zulu was renamed Vortex.
US M&A Deals Announced May 25 - May 30, 2014      
Source: Thomson Reuters      

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