Case Type: Mergers & Acquisitions

Universal Security Instruments, Inc.

Universal Security Instruments, Inc. (UUU), relating to its proposed merger with Infinite Reality, Inc. Under the terms of the agreement, Infinite Reality shareholders will hold approximately 97% of USI’s outstanding common stock, with current USI shareholders retaining ownership of the remaining 3%.

South Jersey Industries, Inc.

South Jersey Industries, Inc. (SJI), relating to its proposed acquisition by Infrastructure Investments Fund. Under the terms of the tender offer, SJI shareholders are expected to receive $36.00 in cash per share they own.

Tenneco Inc.

Tenneco Inc. (TEN), relating to its proposed acquisition by funds affiliated with Apollo. Under the terms of the agreement, Tenneco shareholders will receive $20.00 in cash per share they own.

TEGNA Inc.

TEGNA Inc. (TGNA), relating to its proposed acquisition by an affiliate of Standard General L.P. Under the terms of the agreement, TGNA shareholders are expected to receive $24.00 in cash per share they own, as well as an additional cash consideration, “a ticking fee”, based on the date of closing of the transaction.

Meritor, Inc.

Meritor, Inc. (MTOR) relating to its proposed acquisition by Cummins Inc. Under the terms of the agreement, MTOR shareholders are expected to receive $36.50 in cash per share they own.

Houghton Mifflin Harcourt Company

Houghton Mifflin Harcourt Company (HMHC), relating to its proposed acquisition by affiliates of Veritas Capital. Under the terms of the tender offer, HMHC shareholders are expected to receive $21.00 in cash per share they own.

Preferred Apartment Communities, Inc.

Preferred Apartment Communities, Inc. (APTS), relating to its proposed acquisition by Blackstone Real Estate Income Trust, Inc. Under the terms of the agreement, APTS shareholders will receive $25.00 in cash per share they own

Resonant, Inc.

Resonant, Inc. (RESN), relating to its proposed acquisition by Murata Electronics North America, Inc. Under the terms of the tender offer, RESN shareholders are expected to receive $4.50 in cash per share they own.

MoneyGram, Inc.

MoneyGram, Inc. (MGI), relating to its proposed acquisition by funds affiliated with Madison Dearborn Partners, LLC. Under the terms of the agreement, MGI shareholders will receive $11.00 in cash per share they own.