Spin Offs:
Tribune Publishing has updated information, shares to be issued and debt/line of credit updates. While declining revenues don’t make this appear to be a long term investment, but depending on how the investors unwind their positions, the stock might drop below a reasonable margin of safety. Valuation of the company will be posted soon.
Mergers:
Armco Metals Holding, Inc. (AMCO) and Draco Resources, Inc. will merge in a stock transaction.
Digital Cinema Destinations Corp (DCIN) and Carmike Cinemas, Inc. (CKEC) will merge for stock.
Sequential Brands Group, Inc (SQBG) and Galaxy Brand Holdings will merge for cash and equity.
Mediabistro, Inc. (MBIS) will purchase the assets of Prometheus Global Media for cash.
Measurement Specialties Inc (MEAS) and TE Connectivity Ltd will merge for cash.
Protective Life Corporation (PL) and The Dai-ichi Life Company (DCNSF) will merge for cash.
CBS Corporation (CBS) and CBS Outdoor Americas, Inc. (CBSO) will merge for class B stock.
Integrys Energy Group (TEG) and Wisconsin Energy Corporation (WEC) will merge for cash and equity.
Time Warner Cable (TWC) and Comcast (CMCSA) continue their merger for cash and equity.
QLT, Inc. (QLTI) and an Atrix Laboratories subsidiary will merge for cash and equity.
Valeant Pharmaceuticals International, Inc. (VRX) and Allergen, Inc. (AGN) continue to have merger issues with Pershing Square pushing for a proxy solicitation.
First Interstate Bancsystem Inc (FIBK) and Mountain West Financial (MTWF) had their merger approved by the FDIC. The transaction is either cash or equity.
AbbVie continues to pursue Shire Plc (SHPGY).
Investors Capital Holding Ltd (ICH) and RCS Capital Corporation (RCAP) will receive either cash or equity.
First Midwest Bancorp Inc (FMBI) and Great Lakes Financial Resources, Inc. (GLFL) will merge for cash and equity.
C&J Energy Services (CJES) and Nabor’s are merging to get the tax advantages of Bermuda using cash and equity.
LVB Acquisition, Inc., who was created for Zimmer Holdings, Inc. (ZMH), to help merge with Biomet, Inc. for cash, equity and assumption of debt.
Coviden (COV) and Medtronic (MDT) will merge for cash.
Salix Pharmaceuticals (SLXP) and Cosmo Pharmaceuticals (COPN) have proposed to merge for the shares of Cosmo. This will allow Salix to move overseas for tax purposes and gain some drugs.
FedFirst Financial Corp (FFCO) and CB Financial Services Inc. (CBFV) will merge for cash and stock.
Questcor Pharmaceuticals Inc. (QCOR) and Mallinckrodt plc will merge for cash.
AmREIT, Inc. (AMRE) and Regency Centers Corporation (REG) will merge for cash.
Aspen Insurance Holding Company (AHL) and Endurance Specialty Holding (ENH) will merge for cash and equity.
Foster Wheeler AG (FWLT) and AMEC plc (AMEC.L) will merge for cash and equity.
Brookdale Senior Living (BKD) and Emeritus Corp (ESC) will merge for equity.
Alion Science and Technology Corporation will merge with Global Bondholder Services Corporation by issuing equity in exchange to the bonds due.
Orbital Science Corp. (ORB) and an Alliant Technology (ATK) spin off of ATK Aerospace for cash and equity.
IO SA (IOBRC) and Portgual Telecom (PT) will merge for equity.
IPOs:
None this week.