M and A Navigator: Deal pipeline -17 July.

MANews-(C)2009-2017

The following is a list of deals covered in detail by M and A Navigator this week:

-CEO PASTER ACQUIRES INDUSTRY TRAINING SPECIALIST INSTRUIS PUBLISHING

Tara Paster has acquired US-based publishing firm Instruis Publishing Co, the company said. As one of the founders of IPC and originally a minority partner in the organisation, Paster now owns all the company shares with the business strategy to exceed the expectations in the market place and for all IPC customers.

Ready Training Online provides a full service, online Learning Management Solution and platform that simplifies online training with real-time tracking and reporting for the SURE product line. Prometric is in food safety test development and delivery, providing its business partners with unrivaled expertise and an extensive, world-class test center infrastructure to place exams in convenient, accessible places for test takers in the food services industry.

Status: Closed

-REVERE PACKAGING ACQUIRES TRAY AND CONTAINER MAKER PLASTIC PACKAGE

US-based food packaging company Revere Packaging Holdings, LLC as acquired US-based tray and container maker Plastic Package, LLC, the company said. The combined business will be headquartered in Shelbyville, Kentucky.

Revere Packaging said the combined entity will have more than 150 employees and over USD 40m in annual revenues. The newly-combined company will serve a larger clientele with broader product offerings from locations in Hawaii, California, Indiana and Kentucky.

Status: Closed

-ADVANTAGE TRIM AND LUMBER ACQUIRES TWO SAWMILLS IN BRAZIL

US-based hardwood supplier Advantage Trim and Lumber Co has acquired a new sawmill in Brazil, located just a few miles up the river from the company's existing kiln-drying and processing plant, Advantage said. The facility will be overseen by the company's South American division director Viviane Peixoto, and exports will be handled by the company's US-based import/export manager Vanessa Carrano.

This new facility houses two separate sawmill lines that will process a combined 34,000 board feet of hardwood lumber per shift. There's a port for receiving barges carrying up to 850,000 board feet of logs at a time. The grounds will include a 10-acre log yard that will stockpile up to 3m board feet of logs, allowing production to continue throughout the rainy season.

Status: Closed

-PANERA BREAD WINS SHAREHOLDER NOD FOR USD 7.5BN JAB BUYOUT

Shareholders of US-based bakery-cafÃ(c) restaurant chain Panera Bread Company (NASDAQ: PNRA) have approved the company's pending acquisition by Europe-based investment firm JAB for USD 7.5bn, the company said.

This deal was announced in April. Subject to the terms and conditions of the merger agreement, at the effective time of the merger, each share of Panera common stock will be cancelled and converted into the right to receive USD 315 in cash. The transaction remains subject to certain closing conditions and is expected to close in July 2017.

Status: Agreed

-ISM CONNECT ACQUIRES MOBILE ENGAGEMENT SPECIALIST CROWDJOY

US-based engagement platform operator ISM Connect has acquired US-based mobile engagement products provider CrowdJoy, the company said. ISM Connect is a new company formed from the combination of Customer Mobile and Ingenuity Sun Media.

The company said that CrowdJoy's mobile engagement products will add to its overall portfolio in their growing digital engagement platform. ISM Connect currently offers a 360Â[degree sign] engagement platform that uses a network of intelligent display screens and a powerful analytics engine to track and analyze the interactions, behaviours and demographics of their select audiences.

Status: Closed

-ISRAEL TAX AUTHORITY ISSUES 'ACCEPTABLE' RULING ON MOBILEYE ASSET SALE

The Israel Tax Authority has issued an acceptable tax ruling with respect to the tax treatment of the potential asset sale, liquidation and second step distribution contemplated in connection with the all cash tender offer to purchase all of the outstanding ordinary shares of Israeli driver assistance technology specialist Mobileye N.V. by US-based chipmaker Intel Corp. (NASDAQ: INTC), Intel said.

The tender offer is being made pursuant to a purchase agreement, dated as of 12 March 12, by and among Intel, Cyclops Holdings, Inc., a wholly owned subsidiary of Intel that was later converted to Cyclops Holdings, LLC, and Mobileye. Cyclops filed a tender offer statement on Schedule TO with the US Securities and Exchange Commission on 5 April 2017.

Status: Agreed

-MASTECH DIGITAL CLOSES USD 55M ACQUISITION OF INFOTRELLIS' SERVICES DIVISION

Pennsylvania, US-based IT services provider Mastech Digital, Inc. (NYSE MKT: MHH) has closed the acquisition of the services division of Canada-based data management and analytics company InfoTrellis Inc., to strengthen Mastech Digital's suite of service offerings, the company said.

The transaction is valued at USD 55m, with USD 35.7m paid in cash at closing and USD 19.3m deferred over the next two years. The deferred purchase price is contingent upon the acquired business generating specified EBIT targets during the two years following the closing and is payable in cash and in installments following each year, if earned.

Status: Closed

-GENWORTH, OCEANWIDE RE-FILE CFIUS FOR SECOND TIME IN ONGOING MERGER

US-based insurance holding company Genworth Financial, Inc. (NYSE: GNW) and China-based financial holding group China Oceanwide Holdings Group Co., Ltd. have withdrawn and re-filed their joint voluntary notice to the Committee on Foreign Investment in the United States (CFIUS) a second time to permit more time for...

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