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What's Market Public Merger Activity for the Week Ending May 13, 2016
Practical Law Legal Update w-002-2587 (Approx. 2 pages)
What's Market Public Merger Activity for the Week Ending May 13, 2016
by Practical Law Corporate & Securities
| Published on 12 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.
Four agreements for US public company acquisitions with a deal value of $100 million or more were filed this past week.
On May 4, 2016, B. Riley Financial, Inc. agreed to acquire Internet customer services and products provider United Online, Inc. in an all-cash transaction valued at approximately $170 million.
On May 5, 2016, Bar Harbor Bankshares agreed to acquire bank holding company Lake Sunapee Bank Group in an all-stock transaction valued at approximately $143 million at signing.
On May 8, 2016, JAB Beech Inc., an indirect controlled subsidiary of JAB Holding Company (JAB) in which BDT Capital Partners is a minority investor alongside JAB, agreed to acquire doughnut and coffee retailer Krispy Kreme Doughnuts, Inc. in an all-cash transaction valued at approximately $1.35 billion.
On May 9, 2016, SBEEG Holdings, LLC, an affiliate of SBE Entertainment Group, agreed to acquire hotel operator Morgans Hotel Group Co. in an all-cash transaction valued at approximately $794 million (including assumed debt, transfer of capitalized leases and equity rollover).
For additional public merger agreement summaries, see What's Market.