M&A Continues to Heat Up

July 29, 2014

Over the last 2 weeks alone, there have been several mega mergers or serious merger discussions among larger companies. The M&A market is heating up. When this happens, there is usually a trickle-down effect to middle and lower middle market companies. Stay tuned. Here are a few of the reported deals:

Dollar Tree will acquire Family Dollar Stores in a cash-and-stock deal that values the discount retailer’s shares about at $74.50/share.

CIT will purchase OneWest in a mega deal which surely cause increased scrutiny by regulators.

Lindt, the Swiss chocolate manufacturer, is attempting to purchase Russell Stover. If the transaction is consummated, Lindt would become USA’s third-biggest chocolate maker, with revenue in excess of $1B.

Italian lottery company Gtech is purchasing International Game Technology, a Las Vegas-based maker of casino equipment, for $4.7 billion in cash and stock.

Reynolds American Inc. agreed to acquire Lorillard Inc. in a cash-and-stock transaction currently valued at $27.4 billion.

The U.K company said it would buy a pack of brands, including Winston, Kool and Salem, from Reynolds American Inc. and Lorillard Inc. for $7.1 billion.

Albemarle will acquire Rockwood Holdings for $6.2 billion in cash and stock.

Algonquin Power is attempting to acquire natural-gas distributor Gas Natural Inc.

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