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What's Market Public Merger Activity for the Week Ending July 15, 2016
Practical Law Legal Update w-002-7928 (Approx. 2 pages)
What's Market Public Merger Activity for the Week Ending July 15, 2016
by Practical Law Corporate & Securities
| Published on 14 Jul 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.
Three agreements for US public company acquisitions with a deal value of $100 million or more were filed this past week.
On July 8, 2016, Siris Capital Group, LLC agreed to acquire voice and telephony gear maker Polycom, Inc. in an all-cash transaction valued at approximately $2.0 billion, including the assumption of debt. Before entering into the merger agreement, Polycom terminated its agreement dated April 15, 2016 to be acquired by Mitel Networks Corporation for $1.96 billion in cash and stock, and paid a $60 million break-up fee to Mitel.
On July 10, 2016, Nichi-Iko Pharmaceutical Co., Ltd. agreed to acquire pharmaceutical company Sagent Pharmaceuticals, Inc. in an all-cash tender offer valued at approximately $736 million.
On July 13, 2016, Thoma Bravo, LLC agreed to acquire healthcare IT security company Imprivata, Inc. in an all-cash transaction valued at approximately $544 million.
For additional public merger agreement summaries, see What's Market.