Notable Mergers and Acquisitions of the Day 10/19: (CAT) (WILN) (DRH)

• Caterpillar Inc. (NYSE: CAT) has received notification that the European Commission (EC) has approved Caterpillar's acquisition of MWM Holding GmbH (MWM) from 3i and funds managed by 3i.
  
  The EC clearance is the last major regulatory requirement needed for the acquisition to be completed, and the transaction is expected to close before year end. The transaction is valued at euro 580 million (approximately $800 million) and will be paid in cash.
  
  
• Wi-LAN Inc. (Nasdaq: WILN) today announced that it has increased its fully funded all cash Offer to acquire MOSAID Technologies Incorporated by 11% to $42.00 per MOSAID Common Share. The Offer will remain open until 5:00 pm Eastern time on November 1, 2011. WiLAN has no intention to further revise or extend its Revised Offer.
  
  The Revised Offer is not subject to any financing contingencies. WiLAN will finance the Revised Offer through cash on hand and previously arranged financing.
  
  The Revised Offer is higher than MOSAID Shares have traded in more than 10 years prior to the announcement of WiLAN's intention to make the Offer. The Revised Offer price of $42.00 per MOSAID Share represents an 11% premium to the original Offer price and a 38.6% premium to the volume weighted average trading price of the MOSAID Shares on the TSX for the period ending on August 17, 2011, the last trading day prior to the announcement of the initial Offer. Excluding MOSAID's cash from its balance sheet on a dollar-for-dollar basis from MOSAID's Share price, the Revised Offer represents a premium of 63.0%.
  
  
• Diamondrock Hospitality (NYSE: DRH) entered into a purchase and sale agreement to sell a portfolio of three non-core hotels to an affiliate of Inland American for a contractual purchase price of $262.5 million. The 1,422-room portfolio consists of the 409-room Griffin Gate Marriott Resort and Spa located in Lexington, Kentucky, the 521-room Renaissance Waverly located in Atlanta, Georgia, and the 492-room Renaissance Austin located in the Arboretum submarket of Austin, Texas.

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