Event Driven Calendar
This real-time calendar will track event driven and special situations including: Mergers and Acquisitions, Spin-Offs,
Shareholder Activism, Bankruptcies and Capital Structure Changes.
Events are separated into the above main categories but will also allow deeper tracking based on the stage of the event.
The current calendar is not a complete archive of past events but will be a historical archive going forward. If there are ongoing
situations that we failed to track please contact us.
|Company||Ticker||Event Type||Ongoing?||News Archive||Event
|10/20 5:12 PM||6/16/2014||Shire pic||SHPG||M&A - Definitive Deal Seller||No||10/20 5:14 PM||N/A||Summary|
10/20/14 - AbbVie (NYSE: ABBV) and Shire plc (NASDAQ: SHPG) have agreed to terminate their proposed merger following the decision by AbbVie's Board to withdraw support for the proposed transaction. The Company's decision was based upon its assessment of the September 22, 2014 notice issued by the U.S. Department of Treasury, which re-interpreted longstanding tax principles in a uniquely selective manner designed specifically to destroy the financial benefits of these types of transactions. The notice introduced an unacceptable level of risk and uncertainty given the magnitude of the proposed changes and the stated intention of the Department of Treasury to continue to revise tax principles to further impact such transactions.
10/16/14 - The Board of Shire plc notes the announcement by AbbVie Inc. of its Board's decision to withdraw its recommendation of the offer for Shire. The Board of Shire is considering the current situation and a further announcement will be made in due course.
10/15/14- AbbVie (NYSE: ABBV) announced its Board of Directors' withdraws its recommendation made on July 18, 2014 regarding the proposed Shire (NASDAQ: SHPG) transaction and recommends that stockholders vote against the transaction.
10/15/14 - Shire plc (Nasdaq: SHPG) notes the announcement by AbbVie Inc. (NYSE: ABBV) of its Board's intention to reconsider its recommendation of the offer for Shire. Shire confirms that overnight it received notice from AbbVie under the Cooperation Agreement of the AbbVie Board's intention to consider whether to withdraw or modify its recommendation in light of the impact of the US Treasury Notice of 22 September 2014.
10/14/14 - AbbVie (NYSE: ABBV) announces it has notified Shire plc (Nasdaq: SHPG) of its Board of Directors' intention to reconsider the recommendation made on July 18, 2014 that AbbVie stockholders adopt the merger agreement needed to complete the proposed combination of AbbVie and Shire. MORE
7/18/14 - AbbVie (NYSE: ABBV) reached a deal to acquire Shire plc (Nasdaq: SHPG) for about $54 billion. The deal will include GBP24.44 in cash and 0.8960 AbbVue shares. Shire stockholders will end up with about 25 percent of AbbVie. It is expected the Scheme Circular will be published in autumn 2014 and that, subject to the satisfaction, or where relevant waiver, of all relevant Conditions, the Scheme will become Effective and the Transaction will be completed in the fourth quarter of 2014.
7/17/14 - AbbVie (NYSE: ABBV) poised to announce $31 billion deal for Shire (Nasdaq: SHPG), according to the Financial Times. UPDATE - The offer might come as soon as Friday morning.
07/14/14 - AbbVie Inc. (NYSE: ABBV) raised its offer. The Revised Proposal comprises GBP24.44 in cash and 0.8960 shares of new AbbVie per Shire share. Based on the AbbVie share price on 11 July 2014, AbbVie's Revised Proposal has an indicative value of GBP53.20 per Shire share(1). Under the Revised Proposal, Shire shareholders would own approximately 25 per cent of the combined new AbbVie. The Board of Shire has indicated to AbbVie that it would be willing to recommend an offer at the level of the Revised Proposal to Shire shareholders subject to satisfactory resolution of the other terms of the offer. Accordingly, the Board is in detailed discussions with AbbVie in relation to these terms.
07/11/14 - Shire confirms it has held a meeting with representatives of AbbVie (NYSE: ABBV).
07/11/14 - Shire plc (NASDAQ: SHPG) said to hold takeover talks with AbbVIe (NYSE: ABBV) following raised bid, according to Bloomberg headlines.
07/08/14 - AbbVie raises proposal to GBP22.44 in cash and 0.8568 ordinary shares of New AbbVie for each Shire share. The Fourth Proposal represents an indicative value of GBP51.151 as of July 7, 2014.
06/25/14 - AbbVie (NYSE: ABBV) affirms offer, makes case for Shire plc (NASDAQ: SHPG) merger.
06/20/14 - Shire plc (NASDAQ: SHPG) notes the announcement made by AbbVie Inc. (NYSE: ABBV) and confirms that on 30 May 2014, Shire received an unsolicited and highly conditional proposal from AbbVie (the "Proposal") regarding a possible cash and share offer for Shire. This Proposal has been rejected. The Proposal comprised GBP20.44 in cash and 0.7988 AbbVie shares per Shire share.
06/18/14 - Allergan (NYSE: AGN) isn't commenting on rumors that the company is preparing a bid for Shire (Nasdaq: SHPG), according to a company spokesperson.
06/16/14 - Shire pic (NASDAQ: SHPG) has hired Citi for advice as it prepares to entertain takeover offers, according to reports from Reuters.
|10/20 9:00 AM||10/20/2014||Procera Networks||PKT||Activism - Strategic Alternatives||Yes||10/20 9:11 AM||N/A||Summary||Get Alerts|
10/20/14 - Ronald L. Chez requests that the Procera (Nasdaq: PKT) Board of Director's immediately evaluate strategic alternatives. MORE
|10/20 8:55 AM||8/20/2014||Hertz Global Holdings||HTZ||Activism - Board Changes||Yes||10/20 8:57 AM||N/A||Summary||Get Alerts|
10/20/14 - JANA Partners filed a 13D on Hertz Global (NYSE: HTZ) showing a 32,046,708 share, or 7% stake in the car rental giant. JANA disclosed it has had talks with the company regarding management succession and board composition and may also seek to discuss other topics with the Issuer’s board of directors and management including capital allocation, strategy and future plans. MORE
09/11/14 - Hertz Global (NYSE: HTZ) announced that it has reached an agreement-in-principle with Carl C. Icahn and affiliated entities (collectively, "Icahn") to appoint Vincent J. Intrieri, Samuel Merksamer and Daniel A. Ninivaggi to the Company's Board of Directors as new independent directors. In connection with the anticipated director appointments, three existing directors will retire from the Board, effective upon the appointments of the new directors to the Board. In this connection, Icahn has agreed not to run a proxy contest at the Company's 2015 Annual Meeting of Shareholders and to vote in favor of the Company's nominees at the Annual Meeting. Two of the new directors will be part of the five-person search committee leading the process to find a permanent Chief Executive Officer of Hertz. Following the contemplated appointments and retirements, Hertz will have a nine-person Board, with the Board expanded to 10 directors upon the appointment of a permanent Chief Executive Officer. Under the agreement-in-principle, the Company's shareholder rights plan will be amended to increase the triggering percentage to 20% and to implement other changes. The agreement-in-principle remains subject to negotiation and execution of definitive documentation. (MORE)
08/20/14 - In a 13D filing on Hertz Global Holdings (NYSE: HTZ), activist hedge fund manger Carl Icahn disclosed a 8.48%, or 38,800,000 share, stake in the company. The Reporting Persons acquired their positions in the Shares in the belief that they were undervalued. The Reporting Persons intend to have discussions with representatives of the Issuer's management and board of directors relating to shareholder value, accounting issues, operational failures, underperformance relative to its peers and the Reporting Persons' lack of confidence in management. The Reporting Persons may also seek shareholder board representation if appropriate.
|10/20 8:30 AM||6/6/2014||Family Dollar Stores, Inc.||FDO||M&A - Definitive Deal Seller
Spin-Off - Rumor
|Yes||10/20 8:37 AM||3/31/2015 *Est.||Summary||Get Alerts|
10/20/14 - Family Dollar Stores (NYSE: FDO) announced that October 30, 2014 has been established as the record date for determining stockholders entitled to receive notice of, and to vote at, the Special Meeting of Stockholders, at which stockholders will be asked to adopt the previously announced merger agreement, as amended, with Dollar Tree, Inc. (NASDAQ: DLTR).
09/17/14 - Family Dollar Stores, Inc. (NYSE: FDO) announced that its Board of Directors unanimously recommends that Family Dollarâ��s shareholders reject the unsolicited conditional tender offer made by Dollar General Corporation (NYSE: DG).
09/10/14 - Family Dollar Stores (NYSE: FDO) confirmed that Dollar General Corporation (NYSE: DG) has commenced an unsolicited conditional tender offer to acquire all of the outstanding common stock of Family Dollar for $80.00 per share in cash. The terms of the tender offer are the same as those in the proposal made by Dollar General on September 2, 2014, which the board of directors of Family Dollar rejected unanimously on September 5, 2014 on the basis of antitrust regulatory considerations. Family Dollar's Board of Directors, in consultation with its financial and legal advisors, will review and consider Dollar General's tender offer in accordance with applicable law.
09/10/14 - Dollar General (NYSE: DG) announced that it has commenced a tender offer to acquire all outstanding shares of Family Dollar Stores, Inc. (NYSE: FDO) for $80.00 per share in cash. The offer is scheduled to expire at 5:00 p.m., New York City time, on October 8, 2014, unless the offer is extended. The full terms, conditions and other details of the tender offer are set forth in the offering documents that Dollar General will file today with the Securities and Exchange Commission. Dollar General also will promptly file for clearance under the Hart-Scott-Rodino Act, which will allow the Company to begin the antitrust approval process with the Federal Trade Commission.
09/09/14 - 09/09/14 - Dollar Tree (Nasdaq: DLTR) and Family Dollar Stores, Inc. (NYSE: FDO) announced that, as expected, the two companies have each received a request for additional information (second request) from the Federal Trade Commission (FTC) in connection with Dollar Tree's pending acquisition of Family Dollar.
09/05/14 - Family Dollar Stores (NYSE: FDO) announced that its Board of Directors has unanimously rejected the revised, non-binding proposal made by Dollar General Corporation (NYSE: DG) on September 2, 2014, on the basis of antitrust regulatory considerations.
09/02/14 - Dollar General (NYSE: DG) announced that it has sent an enhanced acquisition proposal to the Board of Directors of Family Dollar Stores, Inc. (NYSE: FDO). Under the terms of the revised proposal, Dollar General would increase its all-cash proposal for all outstanding shares of Family Dollar to $80.00 per share.
08/28/14 - Dollar General (NYSE: DG) said it remain firmly committed to the acquisition of Family Dollar Stores (NYSE: FDO).
08/21/14 - Family Dollar Stores (NYSE: FDO) announced that its Board of Directors has unanimously rejected the non-binding proposal made by Dollar General Corporation (NYSE: DG) on the basis of antitrust regulatory considerations. In addition, the Family Dollar Board unanimously reaffirmed its recommendation in support of the merger agreement with Dollar Tree, Inc. (Nasdaq: DLTR).
08/18/14 - Dollar General (NYSE: DG) announced it has made a proposal to acquire Family Dollar Stores, Inc. (NYSE: FDO) for $78.50 per share in cash, in a transaction valued at $9.7 billion. The proposal was conveyed this morning in a letter to Family Dollars Board of Directors. This transaction would deliver increased consideration and immediate liquidity to Family Dollars shareholders and represents a compelling opportunity to create value for Dollar General shareholders. The combination would solidify Dollar Generals position as the largest small-box discount retailer in the U.S. with nearly 20,000 stores in 46 states and sales of over $28 billion.
08/05/14 - Dollar General (NYSE: DG) said to explore bid for Family Dollar (NYSE: FDO), according to Bloomberg headlines.
07/29/14 - In an amended 13D filing on Family Dollar Stores, Inc. (NYSE: FDO), Carl Icahn disclosed a 6.03%, or 6,869,032 share, stake in the company. This is down 35.75% from the 10,691,011 shares held recently. This could quell speculation of a bidding war for FDO, with Dollar General entering the fray.
07/28/14 - Dollar Tree, Inc. (Nasdaq: DLTR) and Family Dollar Stores, Inc. (NYSE: FDO) announced that they have entered into a definitive merger agreement under which Dollar Tree will acquire Family Dollar in a cash and stock transaction. Family Dollar shareholders will receive $59.60 in cash and $14.90 equivalent in Dollar Tree shares. The transaction, which has been unanimously approved by the Boards of Directors of both companies, is expected to close by early 2015.
07/16/14 - At CNBC's Delivering Alpha, Carl Icahn discusses Family Dollar Stores (NYSE: FDO). He affirmed that the CEO change at Dollar General (NYSE: DG) was disappointing. He sees great synergies in a merger between FDO & DG but says it could take several years to work itself out.
07/10/14 - Carl Icahn told Reuters Dollar General (NYSE: DG) CEO (Retiring) is a "setback to an activist player like us to accelerate process" of merger.
07/01/14 - Carl Icahn was granted FTC HSR Early Termination Notice related to a transaction involving Family Dollar Stores (NYSE: FDO).
06/19/14 - Family Dollar Stores issued a statement in response to a letter from Mr. Icahn. As previously announced the Company is undertaking an in-depth business review to identify opportunities to strengthen our value proposition, increase operational efficiencies and improve financial performance. While this business review is ongoing, we continue to take immediate, strategic actions as appropriate to improve our performance. We are confident that these steps will position Family Dollar to deliver stronger returns for our shareholders.
06/19/14 - Carl Icahn sends letter to Family Dollar Stores (NYSE: FDO), saying the company should be put up for sale immediately. MORE
06/09/14 - Family Dollar Stores, Inc. (NYSE: FDO) announced that its Board of Directors has adopted a one-year shareholder rights plan (poison pill).
06/09/14 - Jefferies upgraded both Dollar General (NYSE: DG) and Family Dollar Stores Inc. (NYSE: FDO) from Hold to Buy with price targets of $75 and $79, respectively, based on the potential for a deal that results in a combination and large synergies are realized. "A recent 13D revealed that Icahn Capital LP has accumulated a 9.4% stake in FDO. With multiple activists holding big positions, we could see FDO respond to shareholder pressure by changing management and board members or putting the company up for sale," analyst Daniel Binder notes. "We think synergies could be in the range of $950 million- $1.2 billion."
06/06/14 - In response to the filing, Family Dollar Stores said: The Family Dollar Board of Directors and management team are open to dialogue with all shareholders and welcome input toward the shared goal of enhancing value. As previously announced, we are taking steps to strengthen our value proposition, increase operational efficiencies and improve financial performance. We are committed to driving value for all Family Dollar shareholders and will continue to take actions to achieve this important objective.
06/06/14 - In a 13D filing after the close Friday on Family Dollar Stores, Inc. (NYSE: FDO), Carl Icahn disclosed a 9.4%, or 10,691,011 share, stake in the company. Icahn acquired their positions in the Shares in the belief that they were undervalued. Icahn see great long-term potential in the Issuer's industry and believe the Issuer's current situation is analogous to that recently faced by companies such as CVR Energy, Forest Laboratories, Chesapeake Energy and Biogen, as well as a number of other companies over the last two decades, where the Reporting Persons' involvement helped to generate tremendous returns for all shareholders. Icahn intend to seek to have conversations with members of the Issuer's senior management and board of directors to discuss the Issuer's business and strategies to enhance shareholder value, which may include the pursuit of operating initiatives or the exploration of strategic alternatives. Icahn may also determine to seek shareholder board representation if appropriate.
|10/20 8:29 AM||10/20/2014||BlackBerry||BBRY||M&A - Rumor Seller||Yes||10/20 11:53 AM||N/A||Summary||Get Alerts|
10/20/14 - BlackBerry (NASDAQ: BBRY) is gaining 6% in pre-open trade Monday on rumors Lenovo could be looking to acquire the company. The rumors come from SlashGear. MORE
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