What's Market Public Merger Activity for the Week Ending February 17, 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.
Six agreements for US public company acquisitions with a deal value of $100 million or more were filed this past week.
On February 2, 2017, CBS Corporation agreed to merge its CBS Radio business with radio broadcasting company Entercom Corporation in an all-stock transaction valued at approximately $1.5 billion at signing. The deal is structured as a Reverse Morris Trust transaction in which CBS will split off CBS Radio to participating CBS stockholders and then merge CBS Radio with Entercom, with participating CBS stockholders owning 72% of the combined company.
On February 10, 2017, Reckitt Benckiser Group plc agreed to acquire pediatric nutrition company Mead Johnson Nutrition Company in an all-cash transaction valued at approximately $17.9 billion, including $1.2 billion of net debt assumed.
On February 13, 2017, Integrated Device Technology, Inc. agreed to acquire semiconductor company GigPeak, Inc. in an all-cash tender offer valued at approximately $250 million.
On February 13, 2017, Allergan plc agreed to acquire medical technology company ZELTIQ Aesthetics, Inc. in an all-cash transaction valued at $2.475 billion.
On February 14, 2017, Hologic, Inc. agreed to acquire medical aesthetics systems and technologies developer Cynosure, Inc. in an all-cash tender offer valued at approximately $1.65 billion, or $1.44 billion net of cash.
On February 14, 2017, SoftBank Group Corp. agreed to acquire global investment firm Fortress Investment Group LLC in an all-cash transaction valued at approximately $3.3 billion.
For additional public merger agreement summaries, see What's Market.