Merger activity decreased, with three new deals announced and five deals closing.
Deal Statistics:
New Deals:
- The acquisition of Carolina Financial Corporation (CARO) by United Bankshares (UBSI) for $1.1 billion in an all-stock deal. Under the terms of the agreement, United will acquire 100% of the outstanding shares of Carolina Financial in exchange for 1.13 of United’s shares.
- The acquisition of The Medicines Company (MDCO) by Novartis AG (NVS) for $9.7 billion, or $85.00 per share in cash. We added MDCO as a potential deal to the Deals in the Works section on November 19,