Your Securities Digest for September 13, 2016

September 13, 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
Apigee Corp Google Inc. $571.2 Million Google purchases API provider in all-cash deal featuring No-Shop clause, Voting Agreements with PE investors. September 8, 2016 Deal Summary
Hewlett Packard Enterprise Co – Software Business Micro Focus International PLC $8.76 Billion HP will spin off its software division which will then merge with Micro in a Reverse Morris Trust transaction. September 7, 2016 Deal Summary
Spectra Energy Corp Enbridge, Inc. $28.28 Billion Canadian Enbridge will purchase Houston-based Spectra to create the largest energy infrastructure company in North America. September 6, 2016 Deal Summary

 

Offering Summaries See all recent Offering Summaries>

Issuer Security Amount Description Filing Date Offering Summary
Obalon Therapeutics, Inc. Common Stock $75 Million IPO by makers of a swallowable gastric balloon for weight loss. September 9, 2016 Offering Summary
CRISPR Therapeutics AG Common Shares $90 Million IPO by gene editing company with concurrent $35M private placement to affiliate of joint venture partner Bayer HealthCare. September 9, 2016 Offering Summary
Coupa Software, Inc. Common Stock $75 Million IPO by cloud-based spend management software provider. September 8, 2016 Offering Summary

 

International Prospectuses & 144As See all recent International Prospectuses >

Issuer Security Amount Description Filing Date Filings
Arrow Global Finance plc 5.125% Senior Secured Notes GBP 220 Million 144A / Reg S offering will be used to redeem all of the outstanding 7.875% Senior Secured Notes due 2020. September 9, 2016 Filings
Mitsu Chem Plast Limited Equity Shares INR 950 Million 144A-compliant IPO by Indian plastics and polymers manufacturer. August 10, 2016 Filings
The Province of Salta 9.125% Notes $50 Million Regulation S offering by a province of Argentina. Principal will be paid in three installments in 2022, 2023 and 2024. August 18, 2016 Filings

 

SEC Comment Letters See all recent SEC Comment Letters >

Issuer Description Filing Date Documents
Ecoark Holdings, Inc. Review of S-1 which failed in “numerous material respects” spawned over 16 separate comments from SEC staff. August 11, 2016 Documents
Globus Medical, Inc. Staff has several comments regarding the presentation of non-GAAP measures which may not comply with new C&DIs from May 2016. August 11, 2016 Documents
Ambev S.A. Issuer provides lengthy explanation of reasons for large increase in effective tax rate from 2014 to 2015 due to changes in Brazilian tax and currency environment. August 10, 2016 Documents

 

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

Issuer Rule Description Filing Date Letters
BOK Financial Corporation 10b-5 Company is granted relief from being an “ineligible issuer” after engaging in a scheme to defraud investors in 38 separate bond offerings over 8 years. September 9, 2016 Letters
Raymond James & Associates, Inc. 206(4)-7 Company is granted relief from being an “ineligible issuer” after failing to disclose information regarding sub-advisory commissions. September 8, 2016 Letters