Your Securities Digest for September 27, 2016

September 27, 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
Tobira Therapeutics, Inc. Allergan PLC $1.52 Billion Allergan buys NASH drug maker for $28.35 and one Contingent Value Right per share. September 20, 2016 Deal Summary
Isle of Capri Casinos, Inc. Eldorado Resorts, Inc. $969 Million Cash/stock election merger will create a casino gaming company with 20 properties in 10 states. September 19, 2016 Deal Summary
Avnet, Inc. – Technology Solutions Tech Data Corp $2.6 Billion Cash/stock deal combines IT distribution companies, and will create about $200M in tax benefits. September 19, 2016 Deal Summary

 

Offering Summaries See all recent Offering Summaries>

Issuer Security Amount Description Filing Date Offering Summary
iRhythm Technologies, Inc. Common Stock $86.25 Million IPO by medical device company producing a wearable heart monitor patch. September 23, 2016 Offering Summary
Expedia, Inc. 5% Senior Notes $750 Million Exchange offer for Notes originally issued under Rule 144A which were used to fund the purchase of HomeAway, Inc. September 22, 2016 Offering Summary
Smart Sand, Inc. Common Stock $100 Million Piggyback IPO by frac sand miner. September 19, 2016 Offering Summary

 

International Prospectuses & 144As See all recent International Prospectuses >

Issuer Security Amount Description Filing Date Filings
Takeaway.com N.V. Ordinary Shares EUR 175 Million IPO/144A/Reg S offering by Amsterdam-based food delivery marketplace. September 19, 2016 Filings
Postal Savings Bank of China Co., Ltd. H Shares HKD 57 Billion Largest IPO of 2016, but 72% of shares were purchased by 5 large state-owned “cornerstone investors”. September 14, 2016 Filings
The Republic of Ghana 9.25% Amortising Notes $750 Million Sovereign issuer will use proceeds to fund tender offer for 8.5% Senior Notes due 2017. September 13, 2016 Filings

 

SEC Comment Letters See all recent SEC Comment Letters >

Issuer Description Filing Date Documents
Owens Corning Issuer agrees to revise future filings to enhance disclosure of outlook for insulation segment due to a known event/uncertainty on future net sales and EBIT. August 15, 2016 Documents
Wal Mart Stores Inc. Issuer agrees to clarify their discussion of quantitative and qualitative factors contributing to changes in international net sales. August 5, 2016 Documents
Citigroup Inc. Issuer responds to SEC questions on executive compensation disclosures, including whether they are based on formulaic criteria or more discretionary in nature. August 3, 2016 Documents

 

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

Issuer Rule Description Filing Date Letters
Aviva plc Securities Act Rule 405 SEC grants ineligible issuer waiver after recent settlement of unlawful cross and principal trading violations. September 23, 2016 Letters
Oshkosh Corporation 14a-8(j) Issuer requests permission to omit Chevedden proxy access proposal. September 20, 2016 Letters
Walgreens Boots Alliance, Inc. 14a-8(i)(7) Issuer requests permission to omit proposal that directors issue a report on potential health hazards of nanomaterials. September 14, 2016 Letters