McDonald's Sells Out

| About: McDonald's Corporation (MCD)

Summary

McDonald’s selling Asian assets.

Parker-Hannifin buys CLARCOR.

Canopy buys Mettrum.

Welcome to the Smaller Mac issue of M&A Daily

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McDonald's

McDonald's (NYSE:MCD) is selling its Chinese assets of 2,800 locations for around $3 billion to Citic (OTCPK:CTPCY) and Carlyle (NASDAQ:CG).

CLARCOR

Parker-Hannifin (NYSE:PH) is buying CLARCOR (NYSE:CLC) in a $4.1 billion cash deal. CLC holders get $83 per share. The buyer is working with Morgan Stanley (NYSE:MS); the target is working with Goldman (NYSE:GS).

Mettrum

Canopy (OTCPK:TWMJF) is buying Mettrum (OTC:MQTRF) in a C$430 million stock deal. Mettrum holders get 0.7132 shares of Canopy per share.

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B/E

Starboard asked Rockwell Collins (NYSE:COL) to reconsider its acquisition of B/E (NASDAQ:BEAV) and instead to consider alternative options such as selling itself. The $5.89 arb spread offers a 10% IRR if the deal closes by June.

Talen

The sale of Talen (NYSE:TLN) secured NRC approval. The sale to Riverstone will close within the next 10 business days.

Syngenta

ChemChina is setting up a fund aiming to raise $5 billion to help finance its pending acquisition of Syngenta (NYSE:SYT). The $16.44 arb spread offers a 69% IRR if the deal closes by April.

Lattice

The preliminary proxy was filed for the Canyon Bridge acquisition of Lattice (NASDAQ:LSCC). The $1.06 arb spread offers a 54% IRR if the deal closes by April.

PrivateBancorp

Glass, Lewis and Egan-Jones recommended shareholders vote for the PrivateBancorp (NASDAQ:PVTB) acquisition by Canadian Imperial Bank of Commerce (NYSE:CM).

DTS

DTS (NASDAQ:DTSI) shareholders approved acquisition by Tessera (NASDAQ:TSRA).

GNC

The GNC (NYSE:GNC) sale talks with Chinese suitors stalled over the deal structure. More to come in future editions of M&A Daily…

Thank you

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Done deal.

  • MAA (NYSE:MAA) closed its Post (NYSE:PPS) deal.
  • OceanFirst (NASDAQ:OCFC) closed its acquisition of Ocean Shore (NASDAQ:OSHC).

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