Merger activity remained steady last week with three new deals announced and one pending deal closing.
Deal Statistics:
New Deals:
- The acquisition of Acacia Communications (ACIA) by Cisco Systems (CSCO) for $2.6 billion or $70.00 per share in cash. The spread for an all-cash deal of this type that does not list China as one of its regulatory risks is unusually large at 8.7%.
- The acquisition of Milacron Holdings (MCRN) by Hillenbrand (HI) for $2 billion in a cash plus stock deal. Under the terms of the agreement, Milacron stockholders will receive $11.80 in cash