Your Securities Digest for December 12, 2016

December 12, 2016

SECurities Digest NewsletterStay connected to the top weekly transactions with the SECurities Digest Newsletter from Business Law Center on Westlaw. With Business Law Center, you’ll get the deal and SEC filing highlights you need delivered right to your inbox.

See below for featured transactions in each of the following categories:

  • Mergers & Acquisitions
  • Offering Summaries
  • No-Action Letters
  • SEC Comment Letters
  • International Prospectuses & 144As

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THIS WEEK’S FEATURED TRANSACTIONS:

Mergers & Acquisitions See all recent M&A >

Target Acquiror Amount Description Filing Date Deal Summary
Verizon Communications Inc. – Data Centers Equinix, Inc. $3.6 Billion Acquisition of data center subsidiaries. Transaction is subject to government approval and includes a $200M termination fee. December 6, 2016 Deal Summary
Deltek, Inc. Roper Technologies, Inc. $2.8 Billion Cash acquisition of software solutions provider from private equity owner Thoma Bravo. December 6, 2016 Deal Summary
Vascular Solutions, Inc. Teleflex Incorporated $1 Billion Cash merger with medical device company. Acquiror will fund the transaction with proceeds from one or more debt financing transactions. December 2, 2016 Deal Summary

 

Offering Summaries See all recent Offering Summaries

Issuer Security Amount Description Filing Date Offering Summary
Dr Pepper Snapple Group, Inc. Senior Notes $1.55 Billion Final debt pricing with proceeds used to complete ongoing merger. Issuer will be required to redeem notes if transaction is not completed within one year. December 7, 2016 Offering Summary
JBS Foods International B.V. Common A Shares $500 Million Cross-border IPO for Netherlands-based food processor. Proceeds will be used to repay indebtedness. December 5, 2016 Offering Summary
Domino’s Pizza, Inc. Common Stock $510,000 Final prospectus for shares to be offered to customers via Issuer’s “Piece of the Pie” program. December 2, 2016 Offering Summary

 

International Prospectuses & 144As See all recent International Prospectuses >

Issuer Security Amount Description Filing Date Filings
Da Sen Holdings Group Limited Shares HKD 124.5 Million Regulation S IPO for plywood and biomass wood pellet manufacturer in China. Majority of proceeds will be used to expand production and purchase new equipment. December 7, 2016 Filings
WMG Acquisition Corp. Senior Secured Notes $630 Million 144A debt offering by music publishing company. Issuer has disclosed that they do not intend to file an exchange offer registration statement with respect to the notes. December 5, 2016 Filings
Akelius Residential Property AB (publ) 1.5% Bonds EUR 600 Million Regulation S debt offering for Swedish multi-country residential property owner. November 21, 2016 Filings

 

SEC Comment Letters See all recent SEC Comment Letters >

Issuer Description Filing Date Documents
Conduent Incorporated SEC seeks more information regarding Issuer’s spin-off from Xerox as it pertains to an agreement with Icahn Group. November 8, 2016 Documents
MicroStrategy Incorporated SEC questions Issuer on reporting of financial information as one segment, rather than individual operating segments (as defined in ASC 280−10−50−1). October 11, 2016 Documents
QUALCOMM Incorporated Issuer agrees to revise future earnings releases to reconcile with GAAP results rather than non-GAAP results, as required by the updated Non-GAAP C&DI of May 17, 2016. October 5, 2016 Documents

 

No-Action Letters See all recent No-Action Letters >

Issuer Rule Description Filing Date Letters
Deere & Company 14a-8(i)(7) SEC concurs that Issuer may omit proposal that the Board generate a feasible plan for the company to reach a net-zero greenhouse gas emission status by the year 2030. December 5, 2016 Letters
American Family Mutual Insurance Company 1933 Act – Section 2(a)(1) SEC will not recommend enforcement action in connection with membership interests of the issuer not being registered as securities. December 5, 2016 Letters
WGL Holdings, Inc. 14a-8(i)(6) SEC is unable to concur that Issuer may omit proposal to develop a report quantifying the financial risk of methane leaks in its natural gas infrastructure. November 29, 2016 Letters