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What's Market Public Merger Activity for the Week Ending May 27, 2016
Practical Law Legal Update w-002-5167 (Approx. 2 pages)
What's Market Public Merger Activity for the Week Ending May 27, 2016
by Practical Law Corporate & Securities
| Published on 26 May 2016 • USA (National/Federal) |
A list of recently filed public merger agreements as tracked by What's Market. What's Market provides a continuously updated database of public merger agreements that allows you to analyze and compare negotiated terms, including break-up and reverse break-up fees, across multiple deals. What's Market also contains links to the underlying public documents.
Five agreements for US public company acquisitions with a deal value of $100 million or more were filed this past week.
On May 21, 2016, Arbor Pharmaceuticals, LLC agreed to acquire biopharmaceutical company XenoPort, Inc. in an all-cash tender offer valued at approximately $467 million.
On May 22, 2016, C-III Capital Partners LLC agreed to acquire asset management company Resource America, Inc. in an all-cash transaction valued at approximately $207 million.
On May 23, 2016, Siris Capital Group, LLC agreed to acquire digital communications services provider Xura, Inc. in an all-cash transaction valued at approximately $643 million.
On May 23, 2016, Ares Capital Corporation agreed to acquire private equity firm and global asset manager American Capital, Ltd. in a cash-and-stock transaction valued at approximately $3.43 billion at signing.
On May 24, 2016, Hewlett Packard Enterprise Company agreed to combine its Enterprise Services business with technology services and solutions provider Computer Sciences Corporation in an all-stock transaction valued at approximately $8.5 billion at signing (including a $1.5 billion cash dividend to Hewlett Packard Enterprise Company and the assumption of $2.5 billion of debt and other liabilities).
For additional public merger agreement summaries, see What's Market.