Google Is Watching You

| About: Alphabet Inc. (GOOG)

Summary

Google sells satellite business.

Blackstone vying for GE Water.

Columbia-Pacific start of M&A boom?

Welcome to the Orbital issue of M&A Daily

Google

Google (GOOG/GOOGL) is selling its Terra Bella satellite unit to Planet. Google is still interested in satellites, but has shifted towards outsourcing to smaller companies. Ultimately, the combined Planet-Terra Bella will be able to take nearly constant pictures of almost all of the Earth's surface from hundreds of satellites. They compete with DigitalGlobe (DGI) and Airbus (OTCPK:EADSY). Google will maintain an equity stake and access to their data, so they will still be able to see you whether you are online or offline.

General Electric

Blackstone (NYSE:BX) and others are bidding on General Electric's (NYSE:GE) water business.

Pacific Continental

Columbia Banking (NASDAQ:COLB) is buying Pacific Continental (NASDAQ:PCBK) in a $649 million stock deal. PCBK holders get 0.6430 COLB per share. Stifel (NYSE:SF) is advising the buyer. 2017 is poised to be a record year for bank consolidation. My favorite bank target? BNCCORP (OTCQX:BNCC).

Brocade

HSR was re-filed on January 4 for the Broadcom (NASDAQ:AVGO) acquisition of Brocade (NASDAQ:BRCD).

Headwaters

Boral (OTCPK:BOALY) and Headwaters (NYSE:HW) are re-filing their HSR application today.

ARIAD

The Takeda (OTCPK:TKPYY) tender offer for ARIAD (NASDAQ:ARIA) launches by January 24.

Inteliquent

The FCC and nine state PUCs have cleared the GTCR acquisition of Inteliquent (NASDAQ:IQNT).

B/E

The first S-4 amendment has been filed for the Rockwell Collins (NYSE:COL) acquisition of B/E (BEAV). More to come in future editions of M&A Daily

Elsewhere on Seeking Alpha

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Disclosure: I am/we are long BNCC.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Chris DeMuth Jr and Andrew Walker are portfolio managers at Rangeley Capital. We invest with a margin of safety by buying securities at discounts to their intrinsic value and unlocking that value through corporate events. To maximize returns for our investors, we reserve the right to make investment decisions regarding any security without notification except where notification is required by law. This post may contain affiliate links, consistent with the disclosure in such links. We manage diversified portfolios with a multi-year time horizon. Positions disclosed in articles may vary in sizing, hedges, and place within the capital structure. Disclosed ideas are related to a specific price, value, and time. If any of these attributes change, then the position might change (and probably will).

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