According to data compiled by Thomson Reuters, more than $1 trillion worth of mergers and acquisitions (M&A) deals were announced in the U.S. during 2013, accounting for 43% of all deals announced worldwide. In an another report by Dealogic, U.S M&A volumes totaled $865.1 billion during the first nine months of 2013, an increase of 39% over the same period a year ago. According to Bloomberg, Canadian companies announced 2,325 deals worth $158.2 billion during 2013.
IHS Herold, a consulting firm, notes that North America’s energy boom failed to attract major M&A deals in the sector during 2013. Energy companies spent $57 billion, down 55% from 2012 to buy other companies or oil and gas fields in the U.S. and Canada. Worldwide, energy M&A in 2013 amounted to $135 billion.
Ubika Research has shortlisted fourteen notable acquisition deals of 2013 across sectors. We note that the acquiring company stocks have accumulated gains during 2013 with six-month daily average traded volumes in excess of 100,000 shares.
Acquiring Company |
Exchange |
Ticker |
Sector |
Market Cap |
Last Price |
Volume Change |
Price Return |
Target Company |
Deal Announced Date |
Announced Deal Value (MM$) |
Payment Type |
Deal Status |
Whitecap Resources Inc |
TSX |
WCP |
Energy |
2,129.2 |
12.36 |
1,687,920 |
46.1% |
Invicta Energy Corp |
18-Mar-13 |
40.18 |
Cash or Stock |
Complete |
Canfor Corp |
TSX |
CFP |
Basic Materials |
3,696.4 |
26.35 |
506,297 |
60.8% |
Scotch & Gulf Lumber LLC |
31-May-13 |
82.85 |
Cash |
Complete |
Secure Energy Services Inc |
TSX |
SES |
Energy |
1,996.1 |
17.18 |
418,135 |
78.1% |
Target Rentals Ltd |
4-Jun-13 |
38.24 |
Cash & Stock |
Complete |
Novavax Inc |
NASDAQ |
NVAX |
Healthcare |
1,107.2 |
5.31 |
3,548,647 |
170.9% |
Isconova AB |
4-Jun-13 |
24.83 |
Stock |
Pending |
Gentherm Inc |
NASDAQ |
THRM |
Industrial |
896.4 |
25.84 |
299,325 |
101.6% |
WET Automotive Systems AG |
12-Jun-13 |
19.22 |
Cash |
Pending |
NQ Mobile Inc |
NYSE |
NQ |
Technology |
829.6 |
15.95 |
4,934,645 |
143.4% |
Beijing Nation Sky Network Technology Co Ltd |
15-Jul-13 |
25.20 |
Cash & Stock |
Pending |
Industrial Alliance Insurance & Financial Services Inc |
TSX |
IAG |
Financial |
4,564.6 |
46.04 |
223,744 |
49.6% |
Jovian Capital Corp |
16-Jul-13 |
91.95 |
Cash or Stock |
Complete |
Real Goods Solar Inc |
NASDAQ |
RSOL |
Energy |
97.0 |
3.35 |
2,736,963 |
297.3% |
Mercury Energy Inc |
9-Aug-13 |
19.19 |
Stock |
Pending |
RR Donnelley & Sons Co |
NASDAQ |
RRD |
Consumer Services |
3,590.4 |
19.76 |
2,332,133 |
125.6% |
Consolidated Graphics Inc |
24-Oct-13 |
690.81 |
Cash & Stock |
Pending |
Gray Television Inc |
NYSE |
GTN |
Communications |
833.9 |
14.58 |
836,422 |
576.4% |
Yellowstone Television LLC |
4-Nov-13 |
23.00 |
Cash |
Pending |
Mitel Networks Corp |
NASDAQ |
MITL |
Technology |
510.3 |
9.46 |
284,150 |
221.3% |
Aastra Technologies Ltd |
11-Nov-13 |
240.12 |
Cash & Stock |
Pending |
EW Scripps Co |
NYSE |
SSP |
Communications |
1,173.4 |
21.07 |
443,364 |
100.9% |
NEWSY.COM |
9-Dec-13 |
35.00 |
Cash |
Pending |
Descartes Systems Group Inc |
TSX |
DSG |
Technology |
887.6 |
14.14 |
215,766 |
53.5% |
Compudata AG |
23-Dec-13 |
18.97 |
Cash |
Complete |
Avigilon Corp |
TSX |
AVO |
Industrial |
1,348.6 |
31.40 |
208,454 |
162.8% |
VideoIQ Inc |
31-Dec-13 |
34.01 |
Cash |
Pending |
Source: Bloomberg
Market Cap, Last Price and Deal Values are in their respective currencies
Company Description
Whitecap Resources Inc WCP
Whitecap Resources, Inc. explores for oil and natural gas. The company operates in western Canada.
Canfor Corp CFP
Canfor Corporation is an integrated forest products company that produces and supplies SPF lumber, oriented strand board, plywood, kraft pulp and kraft paper. The company also produces remanufactured lumber products, hardboard paneling and special baled fibre products. In addition, Canfor produces kraft pulp and newsprint through a joint venture partnership with Howe Sound Pulp and Paper.
Secure Energy Services Inc SES
Secure Energy Services Inc., is an energy services company that focuses on providing specialized services to upstream oil and natural gas companies operating in the Western Canadian Sedimentary Basin. The company treats and sells crude oil and the handling of by-products associated with oil and natural gas development and production.
Novavax Inc NVAX
Novavax, Inc. is a clinical stage biotechnology company. The company creates novel vaccines to address a broad range of infectious diseases worldwide using proprietary virus-like particle (VLP) technology.
Gentherm Inc THRM
Gentherm Inc. designs, develops, and manufactures heating, cooling, and ventilating devices for diverse global markets. The company offers heated seating, climate seating, electronics, and cables. for the automotive markets.
NQ Mobile Inc NQ
NQ Mobile Inc. is a global provider of mobile Internet services. The company's portfolio includes mobile security and mobile games & advertising for the consumer market and consulting, mobile platforms and mobility services for the enterprise market.
Industrial Alliance Insurance & Financial Services Inc IAG
Industrial Alliance Insurance and Financial Services Inc. is an insurance and financial services company that has operations throughout Canada. The company provides life and health insurance, savings and retirement plans, registered retirement saving plans, investment funds, mortgage loans, securities brokerage services, auto and home insurance, and other financial products and services.
Real Goods Solar Inc RSOL
Real Goods Solar, Inc. provides residential and commercial solar energy engineering, procurement, and construction services.The company offers solar energy services, including design, procurement, permitting, build-out, grid connection, financing referrals, and warranty and customer satisfaction activities. Real Goods Solar serves clients in the United States.
RR Donnelley & Sons Co RRD
R. R. Donnelley & Sons Company provides commercial printing and information services. The company provides solutions that include commercial printing, direct mail, financial printing, print fulfillment, labels, forms, logistics, call centers, transactional print-and-mail, print management, online services, digital photography, color services, and content and database management.
Gray Television Inc GTN
Gray Television, Inc. operates television stations. The company operates in the southern, midwestern, and southwestern United States.
Mitel Networks Corp MITL
Mitel Networks Corp., is a provider of communications solutions for organizations. The company offers solutions, from business communications to unified communications, from prepackaged to tailored applications.
EW Scripps Co SSP
The E.W. Scripps Company has interests in television stations, newspapers and digital products and services.
Descartes Systems Group Inc DSG
The Descartes Systems Group Inc. provides inter-enterprise software for the execution of supply-chain management, especially for delivery-intensive companies. The company's products allow users to share and process information via the Internet. Descartes licenses software to customers worldwide.
Avigilon Corp AVO
Avigilon Corporation manufactures surveillance equipment. The company produces high definition, network-based video surveillance systems and equipment for video capture, transmission, recording, and playback.
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