Merger activity decreased last week with two new deals announced and five pending deals closing.
|Total Number of Deals Closed in 2019||34|
|Total Number of Deals Not Completed in 2019||1|
|Total Number of Pending Deals|
|Stock & Cash Deals||15|
|Total Number of Pending Deals||70|
|Total Deal Size||$678.96 billion|
- The acquisition of Ellie Mae (NYSE:ELLI) by Thoma Bravo for $3.7 billion or $99.00 per share in cash.
- The acquisition of CAS Medical Systems (NASDAQ:CASM) by Edwards Lifesciences Corporation (NYSE:EW) for $100 million or $2.45 per share in cash.
- On February 11, 2019, Amcor Limited (AMC.AX) (AMCRY) secured EU antitrust approval for its acquisition of Bemis (BMS).
- February 12, 2019: According to Reuters, a group of eight Democratic U.S. senators and independent Senator Bernie Sanders urged the Justice Department and Federal Communications Commission on to reject the proposed merger of T-Mobile US (NASDAQ:TMUS) and Sprint (NYSE:S).
- On February 13, 2019, WSFS Financial Corporation (NASDAQ:WSFS) announced that its primary subsidiary, WSFS Bank, received approval from the Office of the Comptroller of the Currency to merge Beneficial Bank, the primary subsidiary of Beneficial Bancorp (NASDAQ:BNCL), into WSFS Bank.
- On February 14, 2019, Belmond (NYSE:BEL) stockholders voted to adopt the Agreement and Plan of Merger with LVMH-Moët Hennessy Louis Vuitton (OTCPK:LVMHF).
- On February 15, 2019, Tahoe Resources (NYSE:TAHO) announced that the Mexican Federal Economic Competition Commission approved the proposed transaction whereby Pan American Silver Corp. (NASDAQ:PAAS) will acquire all of the issued and outstanding shares of Tahoe. The arrangement is anticipated to be completed on or about February 22, 2019.
- On February 15, 2019, Ready Capital Corporation (NYSE:RC) announced that it has set March 21, 2019, as the record date for the special meeting of its stockholders to consider and vote on a proposal to approve the previously announced definitive merger agreement with Owens Realty Mortgage (NYSEMKT:ORM).
- On February 15, 2019, Rowan Companies (NYSE:RDC) announced that it has received clearance from the United Kingdom's Competition and Markets Authority for its pending combination with Ensco (ESV).
- The acquisition of athenahealth (NASDAQ:ATHN) by an affiliate of Veritas and Evergreen on February 11, 2019. It took 91 days for this deal to be completed.
- The acquisition of Newfield Exploration Company (NYSE:NFX) by Encana Corporation (NYSE:ECA) on February 13, 2019. It took 104 days for this deal to be completed.
- The acquisition of Loxo Oncology (NASDAQ:LOXO) by Eli Lilly and Company (NYSE:LLY) on February 15, 2019. It took 39 days for this deal to be completed.
- The acquisition of Aspen Insurance Holdings Limited (NYSE:AHL) by Apollo Global Management (NYSE:APO) on February 15, 2019. It took 171 days for this deal to be completed.
- The acquisition of Mindbody (NASDAQ:MB) by Vista Equity Partners on February 15, 2019. It took 53 days for this deal to be completed.
Top 10 deals with largest spreads:
|Symbol||Announced Date||Acquiring Company||Closing Price||Last Price||Closing Date||Profit||Annualized Profit|
|INUV||11/05/2018||ConversionPoint Technologies, Inc. (N/A)||$2.22||$1.24||03/31/2019||79.03%||703.58%|
|EHIC||04/06/2018||Teamsport Parent Limited (N/A)||$13.50||$10.56||03/31/2019||27.84%||247.85%|
|GNW||10/23/2016||China Oceanwide Holdings Group Co., Ltd. (N/A)||$5.43||$4.55||03/15/2019||19.34%||282.37%|
|S||04/29/2018||T-Mobile US, Inc. (TMUS)||$7.39||$6.3||06/30/2019||17.29%||47.82%|
|PACB||11/01/2018||Illumina, Inc. (NASDAQ:ILMN)||$8.00||$7.13||06/30/2019||12.20%||33.74%|
|CELG||01/03/2019||Bristol-Myers Squibb Company (NYSE:BMY)||$101.67||$90.69||09/30/2019||12.11%||19.73%|
|STC||03/19/2018||Fidelity National Financial, Inc. (NYSE:FNF)||$47.33||$42.72||06/30/2019||10.80%||29.86%|
|TAHO||11/14/2018||Pan American Silver Corp. (PAAS)||$4.10||$3.73||02/26/2019||9.92%||452.58%|
|LKSD||10/31/2018||Quad/Graphics, Inc. (NYSE:QUAD)||$9.09||$8.3||06/30/2019||9.49%||26.24%|
|GPIC||11/27/2018||Angel Holdings Godo Kaisha (N/A)||$13.75||$12.94||06/30/2019||6.26%||17.31%|
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