Target Acquirer Value ($millions) Synopsis
Idenix Pharmaceuticals Inc Merck & Co Inc 3,828.2 Merck & Co Inc, through its subsidiary, definitively agreed to acquire the entire share capital of Idenix Pharmaceuticals Inc (Idenix), a Cambridge-based biopharmaceutical company, for $24.5 in cash per share, or a total value of $3.828 bil, via tender offer. The offer was conditioned upon at least a majority of Idenix's shares being tendered.
Hittite Microwave Corp Analog Devices Inc 2,447.0 Analog Devices Inc definitively agreed to acquire the entire share capital of Hittite Microwave Corp, a Chelmsford-based manufacturer of integrated circuits, modules and subsystems, for $78 in cash per share or a total value of $2.447 bil, via tender offer.
OpenTable Inc Priceline Group Inc 2,422.4 Priceline Group Inc definitively agreed to acquire the entire share capital of OpenTable Inc, a San Francisco-based provider of electronic restaurant reservation services, for $103 in cash per share or a total value of $2.422 billion.
Skybox Imaging Inc Google Inc 500.0 Google Inc agreed to acquire Skybox Imaging Inc, a Mountain View-based manufacturer of satellite systems, for an estimated $500 million. Originally, in May 2014, Google Inc was rumored to be planning to acquire Skybox Imaging Inc.
TexStar Midstream Svcs-System Southcross Energy Partners LP 451.6 Southcross Energy Partners LP (SEP), a majority- owned unit of Southcross Energy LLC (SE), agreed to acquire the rich gas system of TexStar Midstream Services LP (TexStar), a San Antonio-based provider of natural gas transportation and processing services, and a unit of Regency Partners LP, for $451.588 million. The consideration was to consist of $180 million in cash and the issuance of new SEP common LP units valued at $271.588 million. The units were valued based on SEP's closing stock price of $18.56 on 11 June 2014, the last full trading day prior to the announcement. Concurrently, SE definitively agreed to merge with TexStar.
Aptina Imaging Corp ON Semiconductor Corp 400.0 ON Semiconductor Corp definitively agreed to acquire Aptina Imaging Corp, a San Jose-based manufacturer of semiconductors, for an estimated $400 million in cash.
Adconion Media Inc Amobee Inc 255.0 Amobee Inc, a wholly-owned unit of Singapore Telecommunications Ltd, agreed to acquire the entire share capital of Adconion Media Inc, a Santa Monica-based provider of online media advertising services, from Adconion Media Group. Concurrently, Amobee Inc agreed to acquire the entire share capital of Adconion Pty Ltd, a Melbourne-based provider of online media advertising services. The two transactions had a combined value of an estimated $255 million. The consideration was to include $209 million in cash, $26 million debt reduction and up to $20 million in profit- related payments.
TransMontaigne Inc NGL Energy Partners LP 200.0 NGL Energy Partners LP (NGL) definitively agreed to acquire TransMontaigne Inc (TMI), a Denver-based provider of oil and gas transportation, marketing, and supply and distribution services, and an owner and operator of fuel pipelines, from Morgan Stanley (MS), for an estimated $200 million in cash. The transaction was to include TransMontaigne GP LLC and a 19.7% stake in TransMontaigne Partners LP. Originally, in December 2013, MS announced that it was seeking a buyer for its undisclosed majority interest in TMI. NGL and Buckeye Partners LP were named as potential bidders.
Healthy Directions LLC Helen of Troy Ltd 195.0 Helen of Troy Ltd definitively agreed to purchase Healthy Directions LLC, an Arden-based wholesaler of branded vitamins, minerals and supplements, from Phillips International Inc, for an estimated $195 million in cash.
Virginia Heritage Bank Eagle Bancorp Inc,Bethesda,MD 174.5 Eagle Bancorp Inc (Eagle) definitively agreed to merge with Tysons Corner-based Virginia Heritage Bank (Virginia), in a stock swap transaction valued at $174. 545 million. Eagle offered $7.5 in cash and 0.6531 Eagle share for every Virginia share. Based on Eagle's closing stock price of $32.92 on 6 June 2014, the last full trading day prior to the announcement, each Virginia share was valued at $29. The transaction was subject to a collar agreement.
511-541 West 25th St,NY,NY Investor Group 160.0 An investor group, comprised of Prudential Real Estate Investors Inc, a unit of Prudential Insurance Co of America subsidiary of Prudential Financial Inc's Prudential Holdings LLC unit, and L&L Holding Co LLC, acquired 511-541 West 25th Street, located in New York, New York, for $160 million.
Kontera Technologies Inc Amobee Inc 155.8 Amobee Inc, a wholly-owned unit of Singapore Telecommunications Ltd, agreed to acquire the entire share capital of Kontera Technologies Inc, a San Francisco-based provider of data marketing services, for $155.8 million. The consideration was to include $150 million in cash and up to $5.8 million in profit related payments. Originally, Singapore Telecommunications Ltd of Singapore was rumored to be planning to acquire Kontera Technologies Inc, a San Francisco-based provider of data marketing services. Terms were not disclosed, but according to sources familiar with the transaction, the deal was valued at an estimated $160 million.
Curtis Center,Philadelphia,PA Investor Group 125.0 An investor group comprised of Keystone Property Group and Mack-Cali Realty Corp acquired Curtis Center, a Philadelphia-based owner and operator of a class A office and retail building, for $125 million in cash.
FDC Vitamins LLC Vitamin Shoppe Inc 85.0 Vitamin Shoppe Inc, through an undisclosed subsidiary, acquired the entire share capital of FDC Vitamins LLC, a Miami-based manufacturer and wholesaler of nutritional products, from MBF Healthcare Partners LP, for an estimated $85 million. The consideration consisted of $80 million in cash and up to $5 million in profit-related payments.
Academy Ltd-Branch,McKinney,TX Agree Realty Corp 12.5 Agree Realty Corp (Agree Realty) acquired the McKinney, Texas branch of Academy Ltd, a Katy-based retailer of sport, outdoor and lifestyle goods, and a unit of Kohlberg Kravis Roberts & Co LP. Concurrently, Agree Realty acquired the Wausau, Wisconsin branch of Michaels Stores Inc. The two transactions have a combined value of an estimated $12.5 million.
Red Apple Pharm Corp Clean Enviro Tech Corp 11.6 Clean Enviro Tech Corp signed a Letter of Intent {LOI} to acquire Red Apple Pharm Corp, a Delaware-based internet service provider, in exchange for 80 million Clean Enviro Tech Corp common shares valued at $11.6 million. The shares were valued based on Clean Enviro Tech Corps closing stock price of $0.145 on 06 June 2014, the last full trading day prior to the announcement.
Screamin' Hot Florida,Screamin Diversified Rest Hldgs Inc 3.2 Diversified Restaurant Holdings Inc planned to acquire Screamin' Hot Florida LLC and Screamin' Hot Trinity LLC, a Clearwater and Largo-based owners and operators of restaurants, from Buffalo Wild Wings Inc, for an estimated $3.2 million.
Fortitude Group Inc-assets Cascade Technologies Corp 2.0 Cascade Technologies Corp agreed to acquire medical assets from Fortitude Group Inc, a Chicago-based provider of e-commerce services, for $2 million.
Canyon Copper Corp-New York Falcon Gold Corp 1.9 Falcon Gold Corp of Canada (Falcon) was granted an option to acquire a 60% interest in the New York Canyon Copper Property (the Property), located in Santa Fe, of Canyon Copper Corp, a Vancouver-based copper mining company, for $1.889 million. The consideration was to consist of $1.834 million and the issuance of 1.5 million Falcon common shares valued at $0.055 million. The shares were valued based on Falcon's closing stock price of $0.037 on 6 June 2014, the last full trading day prior to the announcement. Upon completion, the Project was to be operated as a joint venture. Concurrently, Falcon was granted an option to raise its interest to 80% from 60% by acquiring a further 20% stake in the Project.
Michaels Stores-Br,Wasau,WI Agree Realty Corp   Agree Realty Corp (Agree Realty) acquired the Wausau, Wisconsin branch of Michaels Stores Inc, an Irving-based retailer of sport, outdoor and lifestyle goods. Concurrently, Agree Realty acquired the McKinney, Texas branch of Academy Ltd. The two transactions have a combined value of an estimated $12.5 million.
IS Support Inc Aldridge Co Inc   Aldridge Co Inc acquired IS Support Inc, a Houston-based provider of computer consulting, network services and IT services. Terms of the transaction were not disclosed.
Tri-State General Insurance Arthur J Gallagher & Co   Arthur J Gallagher & Co acquired Salisbury-based Tri-State General Insurance Agency. Terms were not disclosed.
Blue Star Media AUA Private Equity Partners   AUA Private Equity Partners LLC acquired Blue Star Media, a Minneapolis-based event, media, and entertainment company, in a leverage buyout transaction.
Levity Entertainment Grp Corp Azoff MSG Entertainment   Azoff MSG Entertainment, a joint venture between Azoff Music Management and Madison Square Garden Co, acquired 50% interest in Levity Entertainment Group Corp, a Los Angeles-based provider of entertainment services.
Gaston & Associates Inc-Assets Brown & Brown of New York Inc   Brown & Brown of New York Inc, a unit of Brown & Brown Inc, acquired certain assets of Gaston & Associates Inc, a Mount Kisco-based insurance agency.
Megagate Broadband C Spire   C Spire planned to acquire Megagate Broadband, a Hattiesburg-based a provider of telephone and Internet services.
Equicross Inc CableOrganizer.com LLC   CableOrganizer.com LLC, a unit of CableOrganizer.com LLC SPV, acquired Equicross Inc, a Thonotosassa-based provider of ecommerce retail services.
Diebold Eras Inc CheckAlt   CheckAlt acquired Diebold Eras Inc, a Miami-based developer of software systems and solutions for banking and financial services.
Voltari Corp-North American CLX Networks AB   CLX Networks AB of Sweden acquired the North American messaging busines of Voltari Corp, a New York-based provider of mobile content services.
Ercolini & Co LLP CohnReznick LLP   Cohnreznick LLP signed a letter of intent to merge with Ercolini & Co LLP, a Boston-based CPA firm.
Nexeo Solutions LLC-Composites Composites One LLC   Composites One LLC, a unit of GLS Composites Distribution Corp, agreed to acquire the composites distribution assets of Nexeo Solutions LLC, a The Woodlands-based distributor and wholesaler of chemical and petrochemical products, and a unit of Nexeo Solutions Holdings LLC. Terms were not disclosed.
MobileSpan Inc Dropbox Inc   Dropbox Inc acquired MobileSpan Inc, a Santa Clara-based software developer. Terms were not disclosed.
Phoenix Physicians LLC EmCare Inc   Emcare Inc, a unit of the Envision Healthcare Corp subsidiary of Clayton Dubilier & Rice LLC's Envision Healthcare Holdings Inc unit, definitively agreed to acquire Phoenix Physicians LLC, a Fort Lauderdale-based provider of health services.
First Citizens Bancorp Inc First Citizens Bancshares Inc   First Citizens BankShares Inc definitively agreed to acquire the entire share capital of First Citizens Bancorporation Inc, a Colombia-based bank holding company.
ANGI Energy Systems LLC Gilbarco Inc   Gilbarco Inc definitively agreed to acquire ANGI Energy Systems LLC, a Milton-based designer and manufacturer of gas compression equipment and compressed natural gas refueling equipment and systems.
Greenzone Ventures Inc Global Enterprises Group Inc   US -Global Enterprises Group Inc signed a letter of intent (LoI) to acquire Greenzone Ventures Inc, a San Diego-based provider of consulting services.
Supreme Cattle Feeders LLC Green Plains Inc   Green Plains Inc acquired Supreme Cattle Feeders LLC, a Kismet-based provider of custom cattle feeding services, from Agri Beef Co.
Bank of America Corp-Br(10),VA HomeTrust Bank   Hometrust Bank, a unit of HomeTrust Bancshares Inc, agreed to acquire 10 branches, located in Virginia and North Carolina, from HomeTrust Bancshares, a Charlotte-based provider of banking and certain non-banking financial services and products.
FireMon LLC Insight Venture Partners LLC   Insight Venture Partners LLC acquired an undisclosed majority interest in FireMon LLC, an Overland Park-based provider of proactive security intelligence solutions, in a leverage buyout transaction. Terms of the transaction were not disclosed.
Cequel Data Centers LLC Investor Group   A management-led investor group, including Chairman Jerry Kent, RedBird Capital Partners, Stephens Group, Jordan/Zalaznick Advisers Inc, and Thompson Street Capital Partners, acquired Cequel Data Centers LLC, a St. Louis-based special purpose acquisition vehicle. Terms were not disclosed. The transaction was to include TierPoint LLC.
United States Envi Svcs LLC Investor Group   An investor group, comprised of Halifax Group LLC and the management of United States Environmental Service LLC, acquired United States Environmental Service LLC, a New Orleans-based provider of non-discretionary environmental and industrial services. Terms were not disclosed.
Jones Oil Inc JAM Distributing Co   JAM Distributing Co, a unit of Ridgemont Equity Partners, definitively agreed to acquire Jones Oil Inc, a Houston-based wholesaler of petroleum products. Terms were not disclosed. The transaction was to include JB Jones Enterprises Inc.
GRIDiant Corp Landis & Gyr Inc   Landis & Gyr Inc, a wholly-owned unit of Toshiba Corp's Landis & Gyr AG subsidiary definitively agreed to acquire GRIDiant Corp, a Los Altos-based developer of integrated software for utility transmission and distribution systems.
Smith Sys Improvement Inst Inc Levine Leichtman Capital V   Levine Leichtman Capital Partners V LP, a unit of Levine Leichtman Capital Partners Inc, acquired Smith System Driver Improvement Institute Inc, an Arlington-based provider of professional driver training services, from Transportation Resource Partners LP. Terms were not disclosed.
Pine Grove Ast Mgmt LLC Man Group PLC   Man Group PLC of the UK agreed to acquire Pine Grove Asset Management LLC, a Summit-based hedge fund firm. Terms were not disclosed.
Harmony Information Sys Inc Mediware Information Systems   Mediware Information Systems Inc, a unit of Thoma Bravo LLC, acquired Harmony Information Systems Inc, a Reston-based provider of information systems services.
Webequity Solutions LLC Moody's Analytics Inc   Moody's Analytics Inc, a unit Moody's Corp, agreed to acquire WebEquity Solutions LLC, an Omaha-based developer of on-demand lending software solutions. Terms were not disclosed.
Medio Systems Inc Nokia Oyj   Nokia Oyj of Finland, through its HERE Three Sixty division, planned to acquire Medio Systems Inc, a Seattle-based provider of information retrieval and analytics services.
DuAll Precision Inc O2 Investment Partners LLC   O2 Investment Partners LLC acquired an undisclosed majority interest in DuAll Precision Inc, an Addison-based manufacturer of components for hydraulic cartridge valves, in a leveraged buyout transaction. Terms were not disclosed.
Highstar Capital LP Oaktree Capital Management LP   Oaktree Capital Management LP, a unit of Oaktree Capital Group LLC, definitively agreed to acquire Highstar Capital LP, a New York-based private equity firm, in a leveraged buyout transaction. Terms were not disclosed.
StarView Solutions LP-Assets One Source Networks Inc   One Source Networks Inc acquired the assets of StarView Solutions LP (StarView), an Austin-based provider of VoIP and data communications services. The transaction included the customer of StarView. Terms of the deal were not disclosed.
AdColony Opera Software ASA   Opera Software ASA was rumored to be planning to acquire Opera Software, a Los Angeles -based provider of mobile video advertising. Terms were not disclosed but, according to people familiar with the transaction, the deal was valued at an estimated $275 million.
Aerogroup International LLC Palladin Consumer Ret Partners   Palladin Consumer Retail Partners LLC acquired Aerogroup International LLC, an Edison-based retailer and wholesaler of footwear products in a leveraged buyout transaction.
Precision Painting,Carrera Cus Patrick Industries Inc   Patrick Industries Inc acquired Precision Painting Inc,Carrera Custom Painting Inc, Millennium Paint Inc, provider of paint renovation and redesign overhaul services for recreation vehicles. Concurrently, Patrick Industries acquired TMD Transport Inc, a Fort Collins-based provider of transportation services.
TDM Transport Inc Patrick Industries Inc   Patrick Industries Inc acquired TMD Transport Inc, a Fort Collins-based provider of transportation services. Concurrently, Patrick Industries acquired Precision Painting Inc, Carrera Custom Painting Inc, Millennium Paint Inc, provider of paint renovation and redesign overhaul services for recreation vehicles.
Plan Sponsor Advisors Pavilion Financial Corp   Pavilion Financial Corp of Canada planned to acquire Plan Sponsor Advisors, a Chicago-based provider of investment advisory services.
Profeatable Corp Pegasystems Inc   Pegasystems Inc definitively agreed to acquire Profeatable Corp, a Philadelphia-based developer of screen sharing software. Terms were not disclosed.
Pleasantville State Bank,IA Peoples Bank Indianola,IA   Peoples Bank Indianola agreed to acquire Pleasantville-based Pleasantville State Bank, from Pleasant Bancorp, for an undisclosed amount in cash.
Masterwork Paint Co PPG Industries Inc   PPG Industries Inc definitively agreed to acquire Masterwork Paint Co, a Pittsburgh-based wholesaler of architectural paints and coating products. Terms were not disclosed.
Envision Technical Svcs Inc Preferred Systems Solutions   Preferred Systems Solutions Inc acquired Envision Technical Services Inc, a Vienna-based provider of information technology services.
Progressive Steel & Wire LLC PrimeSource Building Products   PrimeSource Building Products Inc acquired the remaining 50% interest, which it did not already own, in Progressive Steel & Wire LLC, an Irving-based manufacturer of steel nails, from Dubai Wire FZE.
Modulus Progress Software Corp   Progress Software Corp acquired Modulus, a Cincinnati-based provider of data hosting services. Terms were not disclosed.
PPL Energy Supply LLC Riverstone Holdings LLC   Riverstone Holdings LLC (Riverstone) definitively agreed to merge with PPL Energy Supply LLC (PPL Energy) , an Allentown-based provider of electric services, from PPL Corp (PPL), in a leveraged buyout transaction. Upon completion, PPL and Riverstone shareholders were to own 65% and 35% in the merged entity to be named as Talen Energy Corp (Talen). Talen was expected to be listed in the New York Stock Exchange. Originally, in April 2014, PPL was rumored to be planning to spin off its PPL Energy unit, to its shareholders.
EnviroVac Industrial Cleaning RLJ Equity Partners LLC   RLJ Equity Partners LLC acquired EnviroVac Industrial Cleaning Services, a Savannah-based provider of environmental and industrial maintenance services, in a leveraged buyout transaction.
BE Aerospace Inc-Service Bus Shareholders   B/E Aerospace Inc, a Wellington-based manufacturer and wholesaler of aircraft components, planned to spin off its distribution, logistics, and technical services business, to its shareholders.
EdgeRank Checker Socialbakers   Socialbakers of Czech Republic acquired EdgeRank Checker, a Madison-based provider of online social analytics services.
TexStar Midstream Services LP Southcross Energy LLC   Southcross Energy LLC (SE)definitively agreed to merge with TexStar Midstream Services LP (TexStar), a San Antonio-based provider of natural gas transportation and processing services, from Regency Partners LP. Originally, in August 2013, Regency was rumored to be seeking a buyer for its TexStar unit. Concurrently, Southcross Energy Partners LP, a majority-owned unit of SE, agreed to acquire the rich gas system assets of TexStar.
Long Term Care Group Inc Stone Point Capital LLC   Stone Point Capital LLC acquired Long Term Care Group Inc (LTCG), an Eden Prairie-based provider of business process outsourcing services, from Genstar Capital LLC (Genstar), in a secondary buyout transaction. Previously, Genstar acquired LTCG, in a leveraged buyout transaction.
Univita Health Inc-division Stone Point Capital LLC   Stone Point Capital LLC definitively agreed to acquire the insurance administration services division of Univita Health Inc, a Scottsdale-based provider of home-based care management services. Terms of the transaction were not disclosed.
Pension Data Resources Inc Summit Professional Networks   Summit Professional Networks acquired Pension Data Resources Inc, a Tampa-based provider of Form 5500 pension or retirement plan data and information services.
Express Inc Sycamore Partners LLC   Sycamore Partners LLC planned to acquire all the outstanding common stock of Express Inc, a Columbus-based retailer of women's and men's specialty apparel and accessories in a leveraged buyout transaction.
Winebow Inc The Vintner Group Inc   The Vintner Group Inc definitively agreed to merge with Winebow Inc, a Montvale-based wholesaler and distributor of wines. Upon completion, the new entity will be named as The Winebow Group LLC.
Edgewood Bakery Tom Rykalsky   Tom Rykalsky acquired Edgewood Bakery, a Jacksonville-based producer of baked goods. Terms were not disclosed.
Columbus Recycling Trivest Partners LP   Trivest Partners LP acquired an undisclosed majority interest in Columbus Recycling, a Columbus-based metal recycling company, in a leveraged buyout transaction.
Ventas Inc-Properties(2) Tryko Partners LLC   Tryko Partners LLC acquired two skilled nursing facilities of Ventas Inc, a Chicago-based real estate investment trust, in a leveraged buyout transaction.
NetNearU Corp ViaSat Inc   ViaSat Inc acquired NetNearU Corp, a Bryan-based provider of internet services.
Autotask Corp Vista Equity Partners LLC   Vista Equity Partners LLC agreed to acquire Autotask Corp, an East Greenbush-based provider of front and back office business management software, in a leverage buyout transaction.
Pearce Services Inc Willcrest Partners LLC   Willcrest Partners LLC acquired Pearce Services Inc, a Paso Robles-based provider of utility construction services, in a leveraged buyout transaction.
SWG-Power Plants,Las Vegas(2) WorldCall Corp   Worldcall Corp acquired two power plants of Southwest Generation Operating Co LLC located in Las Vegas, Nevada.
US M&A Deals Announced June 8 - June 13, 2014      
Source: Thomson Reuters      

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.