M&A Update – August 7

– VRTV to be acquired by CD&R for $170.00 cash per share, 20.4% premium, $2.9 billion
– SOVO to be acquired by CPB for $23.00 cash per share, 27.6% premium, $2.7 billion
– TRHC to be acquired by Nautic Partners (ExactCare Pharmacy) for $10.50 cash per share, 34.1% premium, $570 million
– SQNS to be acquired by Renesas Electronics for $3.03 per ADS, 42.3% premium, $249 million
– FRGI to be acquired by Garnett Station Partners (Authentic Restaurant Brands) for $8.50 cash per share, 8.1% premium, $357.6 million
– ICE / BKI / FTC announced a joint stipulation that dismisses the federal court complaint and dissolves the temporary restraining order that was previously in place, allowing ICE, Black Knight and the FTC to continue working toward a final settlement agreement resolving the FTC’s challenge to the acquisition, entered timing agreement
– PDCE / CVX deal closed
– WTT / Maury Microwave deal closed
– NATI / EMR filed EC, deadline Sept 11
– TSX closed