M&A Update – October 16

– CNSL to be acquired by Searchlight Capital Partners / BCI for $4.70 cash per share, 70.3% premium, $3.1 billion
– LGT/B.to to be acquired by Blue Wolf Capital Partners / Stonepeak for $67.00 cash per share, 52.7% premium, $1.2 billion
– PCTI to be acquired by APH for $7.00 cash per share, 50.2% premium, $139.7 million
– SPG.to to be acquired by American Pacific Group for $0.825 cash per share, 68.4% premium, $140 million
– PLM announced ISS and Glass Lewis recommend shareholders vote For GLEN deal
– APRN / Wonder Group launched tender offer, expires Nov 9
– HCCI / J.F. Lehman & Company delisting notice out, closing Oct 17
– PTRS / LNKB announced receipt of required regulatory approvals from the Federal Deposit Insurance Corporation, the Pennsylvania Department of Banking and Securities, the Virginia State Corporation Commission, the Delaware Office of the State Bank Commissioner and the Maryland Office of the Commissioner of Financial Regulation, closing Q4
– SOVO vote