Mergers, Acquisitions, and Buyouts Announced on August 18, 2010

Biogen Idec (BIIB) acquired A license for Knopp Neurosciences’ ALS drug for $80,000,000. The transaction was completed today. More information is available here.

Chatham Lodging Trust (CLDT) has agreed to acquire Upscale Extended-Stay Hotel in North San Diego for $32,000,000. A closing date was not provided. More information is available here.

Mid-America Apartment Communities (MAA) acquired The Hue for $33,600,000. The transaction was completed today. More information is available here.

A Private Party acquired Xoma’s royalty interest in Cimzia for $4,000,000. The transaction was completed today. More information is available here.

Patrick Industries (PATK) has agreed to acquire Blazon International Group’s Wiring and Electrical Products Distribution Business for an undisclosed amount. The transaction is expected to close by August 30, 2010. More information is available here.

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