Your Securities Digest for October 4, 2016

October 4, 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
EndoChoice Holdings, Inc. Boston Scientific Corp $203 Million Cash tender offer for gastrointestinal medical technology company. Existing holders of over 20% of shares have entered into tender and support agreements with acquiror. September 27, 2016 Deal Summary
BATS Global Markets, Inc. CBOE Holdings, Inc. $3 Billion Merger between stock exchange operators. Consideration will be election between cash, stock or combination, subject to proration. September 26, 2016 Deal Summary
Chemtura Corp Lanxess AG $2.1 Billion Cash merger between specialty chemical manufacturers. September 25, 2016 Deal Summary

 

Offering Summaries See all recent Offering Summaries>

Issuer Security Amount Description Filing Date Offering Summary
Quantenna Communications, Inc. Common Stock $100 Million IPO for wireless communication solutions provider. 5% of shares will be reserved for sales to insiders. September 29, 2016 Offering Summary
LightPath Technologies, Inc. Class A Common Stock $16.3 Million Secondary offering with proceeds used to fund ongoing acquisition. September 29, 2016 Offering Summary
Playa Hotels & Resorts B.V. Ordinary Shares $100 Million IPO for Mexico and Caribbean all-inclusive resort operator. Proceeds will be used to repurchase outstanding preferred shares. September 27, 2016 Offering Summary

 

International Prospectuses & 144As See all recent International Prospectuses >

Issuer Security Amount Description Filing Date Filings
Honma Golf Limited Shares HKD 1.2 Billion IPO for Japanese golf club manufacturer. Portion of proceeds will be used to fund acquisitions in North America and Europe. September 23, 2016 Filings
Arab Petroleum Investments Corporation Floating Rate Notes $300 Million Regulation S debt offering by multi-state-owned development bank. September 8, 2016 Filings
Teva Pharmaceutical Finance Netherlands II B.V. Senior Notes EUR 4 Billion Debt offering guaranteed by Parent with proceeds used to complete Actavis Generics acquisition. July 21, 2016 Filings

 

SEC Comment Letters See all recent SEC Comment Letters >

Issuer Description Filing Date Documents
Sears Holdings Corporation Issuer agrees to no longer include in future filings a non-GAAP Domestic Adjusted EBITDA measure that is inconsistent with the May 2016 Compliance and Disclosure Interpretations. August 29, 2016 Documents
Sprint Corp. Questions from SEC staff about skipping the broadcast spectrum auction. July 26, 2016 Documents
Ingersoll-Rand plcIngersoll-Rand plc Issuer agrees to revise future filings to reflect the total cash held at non-US subsidiaries, any plans to repatriate permanently to fund U.S. operations and any requirements if repatriation occurs.Issuer agrees to revise future filings to reflect the total cash held at non-US subsidiaries, any plans to repatriate permanently to fund U.S. operations and any requirements if repatriation occurs. June 16, 2016 Documents

 

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

Issuer Rule Description Filing Date Letters
Tyson Foods, Inc. 14a-8(i)(7) Issuer seeks to omit proposal that they prepare a report detailing risks and challenges from the increased prevalence of plant-based eating. September 27, 2016 Letters
Costco Wholesale Corporation 14a-8(i)(10) Issuer seeks permission to omit Chevedden proxy access proposal. September 27, 2016 Letters
Herzfeld Caribbean Basin Fund Inc. Section 6(a) of the Securities Act SEC agrees not to take any enforcement action if Issuer files a post-effective amendment to its registration pursuant to Rule 486(b). September 21, 2016 Letters