According to an M&A report for the month of February 2014 by Zephyr, a database of M&A, IPO, and private equity and venture capital deals, the value of mergers and acquisitions (M&A) deals in North America almost doubled to $187.9 billion during February 2014 from $98.6 billion in January 2014. The total deal value was up 37% over the corresponding period last year. However, the number of deals declined 18% month-on-month to 1,059 while it was down a marginal 2% year-on-year. A total of 828 deals were announced in the U.S. which aggregated to $173.1 billion, while 231 deals worth $14.8 billion were announced in Canada during February.
Ubika Research has highlighted twelve U.S and Canadian acquisition deals across sectors announced during the last 30 days. We note the acquiring company stocks have accumulated gains during the past month with daily average traded volume in excess of 100,000 shares. All the below highlighted deals are pending.
|
Acquiring Company |
Exchange |
Ticker |
Sector |
Market Cap |
Last Price |
Average Volume |
Price Change |
Target Company |
Announced Deal Value (MM) |
Payment Type |
Deal Announced Date |
|
Entegris Inc |
NASDAQ |
ENTG |
Technology |
1.7 |
12.16 |
1,183,582 |
6.3% |
ATMI Inc |
951.54 |
Cash |
4-Feb-14 |
|
Brookfield Renewable Energy Partners |
TSX |
BEP-U |
Utilities |
4.2 |
31.49 |
199,876 |
4.1% |
417 MW Safe Harbor HPP |
319.69 |
Cash |
6-Feb-14 |
|
International Forest Products Ltd |
TSX |
IFP/A |
Basic Materials |
1.1 |
18.22 |
460,053 |
18.3% |
Tolleson Ilim Lumber Co |
198.56 |
Cash & Stock |
9-Feb-14 |
|
HudBay Minerals Inc |
TSX |
HBM |
Basic Materials |
1.8 |
9.35 |
1,168,433 |
3.7% |
Augusta Resource Corp |
411.38 |
Stock |
9-Feb-14 |
|
Senior Housing Properties Trust |
NYSE |
SNH |
Financial |
4.3 |
22.78 |
2,199,442 |
4.7% |
Property Portfolio |
1,125.00 |
Cash |
10-Feb-14 |
|
Mallinckrodt PLC |
NYSE |
MNK |
Healthcare |
4.1 |
69.96 |
1,217,385 |
21.7% |
Cadence Pharmaceuticals Inc |
1,236.95 |
Cash |
11-Feb-14 |
|
Phillips 66 Partners LP |
NYSE |
PSXP |
Energy |
3.3 |
47.24 |
178,178 |
24.0% |
Gold Product Pipeline System,Medford Spheres |
700.00 |
Cash |
13-Feb-14 |
|
Bauer Performance Sports Ltd |
TSX |
BAU |
Consumer Goods |
0.5 |
14.45 |
272,484 |
11.8% |
Easton Baseball/Softball business |
362.04 |
Cash |
13-Feb-14 |
|
Jos A Bank Clothiers Inc |
NASDAQ |
JOSB |
Consumer Goods |
1.7 |
62.00 |
1,217,267 |
14.8% |
Everest Holdings LLC |
821.56 |
Cash & Stock |
14-Feb-14 |
|
Minerals Technologies Inc |
NYSE |
MTX |
Basic Materials |
1.9 |
54.55 |
203,039 |
8.4% |
AMCOL International Corp |
1,680.30 |
Cash |
14-Feb-14 |
|
Brookdale Senior Living Inc |
NYSE |
BKD |
Consumer Services |
4.2 |
33.84 |
2,124,592 |
18.0% |
Emeritus Corp |
5,225.97 |
Stock |
20-Feb-14 |
|
RF Micro Devices Inc |
NASDAQ |
RFMD |
Communications |
2.1 |
7.52 |
12,569,876 |
36.7% |
TriQuint Semiconductor Inc |
1,483.88 |
Stock |
24-Feb-14 |
Source: Bloomberg
Market Cap, Last Price and Deal Values are in their respective currencies
Company Description
Entegris Inc (NASDAQ: ENTG)
Entegris Inc. provides materials management products and services to the microelectronics industry on a worldwide basis. The company provides products such as wafer shippers, wafer transport and process carriers, pods, and work-in-process boxes. Entegris also provides chemical delivery products such as valves, fittings, tubing, pipe, and containers.
Brookfield Renewable Energy Partners (TSX: BEP-U)
Brookfield Renewable Energy Partners LP produces electricity exclusively from environmentally friendly hydroelectric resources. The company owns, operates and manages hydroelectric generating stations in the United States, Canada and Brazil.
International Forest Products Ltd (TSX: IFP/A)
International Forest Products Limited (Interfor) harvests timber and manufactures and markets lumber products, logs, and wood chips. The company has logging operations and sawmills in Western Canada. Interfor markets its products around the world.
HudBay Minerals Inc (TSX: HBM)
HudBay Minerals, Inc. is a mining company that mines and produces zinc, copper, gold, and silver. The company holds interest in properties in North America.
Senior Housing Properties Trust (NYSE: SNH)
Senior Housing Properties Trust is a real estate investment trust that owns senior living properties which are leased to unaffiliated tenants. The Trust currently owns independent living and assisted living communities, continuing care retirement communities, nursing homes, wellness centers, and medical office, clinic and biotech laboratory buildings located throughout the U.S.
Mallinckrodt PLC (NYSE: MNK)
Mallinckrodt PLC develops, manufactures and markets specialty pharmaceutical products and diagnostic imaging agents. The company specializes in the manufacturing of pain management medications. Mallinckrodt offers its products to major wholesalers and retail drug store chains around the world.
Phillips 66 Partners LP (NYSE: PSXP)
Phillips 66 Partners L.P owns, operates, develops and acquires crude oil, refined petroleum product and natural gas liquids (“NGL”) pipelines and terminals and other transportation and midstream assets. The company’s assets consist of crude oil and refined petroleum product pipeline, terminal and storage systems in the Central and Gulf Coast regions of the United States.
Bauer Performance Sports Ltd (TSX: BAU)
Bauer Performance Sports Ltd. designs, develops, manufactures, and sells performance sports equipment for ice hockey, roller hockey, and lacrosse, as well as related apparel and accessories.
Jos A Bank Clothiers Inc (NASDAQ: JOSB)
Jos. A. Bank Clothiers, Inc. manufactures classic men’s clothing. The company sells its clothing through conventional retail stores and catalog direct marketing located throughout the United States.
Minerals Technologies Inc (NYSE: MTX)
Minerals Technologies Inc. is a resource- and technology-based organization that develops and produces performance-enhancing minerals, mineral-based, and synthetic mineral products. The company’s products are used for paper, steel, polymer, and other manufacturing industries on a worldwide basis.
Brookdale Senior Living Inc (NYSE: BKD)
Brookdale Senior Living Inc. operates senior living facilities in the United States. The company offers its residents access to a full continuum of services across all sectors of the senior living industry. Brookdale Senior operates independent living facilities, assisted living facilities, continuing care retirement communities, and a skilled nursing facility.
RF Micro Devices Inc (NASDAQ: RFMD)
RF Micro Devices, Inc. designs, develops, and markets proprietary radio frequency integrated circuits. The company’s products are used for wireless communications applications such as cellular and PCS, cordless telephony, wireless LANs, wireless local loop, industrial radios, wireless security and remote meter reading.
