Notable Mergers and Acquisitions of the Day 03/11: (NDN) (RCRC) (CVX)(VLO)
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- 99 Cents Only Stores (NYSE: NDN) has received a "going private" proposal from members of the Schiffer/Gold family, together with Leonard Green & Partners, L.P. for $19.09 per share in cash.
- TOMY Company, Ltd. is acquiring RC2 Corporation (Nasdaq: RCRC) for a total consideration of $640 million in cash, which will be completed through a tender offer.
The deal is valued at $27.90 per RCRC share. Completion is expected in Q211.
BofA Merrill Lynch is acting as exclusive financial adviser to Tomy, while Skadden, Arps, Slate, Meagher & Flom LLP and Nishimura & Asahi are acting as legal advisers for Tomy with regard to the transaction. Robert W. Baird & Co. is acting as exclusive financial adviser to RC2 and Reinhart Boerner Van Deuren s.c. is acting as its legal adviser.
- Chevron (NYSE: CVX) announces that they have agreed to sell their Chevron Limited unit to Valero Energy (NYSE: VLO) in a deal valued at $730 million, plus an additional $1 billion payment for Chevron Limited’s inventory and other items.
Chevron Limited is the Chevron entity that holds the 220,000 barrel per day Pembroke Refinery and other downstream assets in the United Kingdom and Ireland.
Completion of the transaction is expected in H211.
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