What's Market Public Merger Activity for the Week Ending January 20, 2017

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.

Practical Law Corporate & Securities

Three agreements for US public company acquisitions with a deal value of $100 million or more were filed this past week.

On January 13, 2017, Noble Energy, Inc. agreed to acquire independent oil and natural gas exploration and production company Clayton Williams Energy, Inc. in a cash-and-stock election transaction valued at $2.7 billion at signing, or $3.2 billion including the assumption of approximately $500 million in net debt.

On January 16, 2017, British American Tobacco p.l.c. agreed to acquire the 57.8% of the common stock of tobacco company Reynolds American Inc. that it does not currently own in a cash-and-stock transaction valued at $49 billion.

On January 17, 2017, Eli Lilly and Company agreed to acquire pharmaceutical company CoLucid Pharmaceuticals, Inc. in an all-cash tender offer valued at approximately $960 million.

For additional public merger agreement summaries, see What's Market.

 
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