Markets & Finance

3Com Agrees to Buyout


From Standard & Poor's Equity Research

Deals in the news

Company

Symbol

Date

Price

Comment

3COM CORP.

COMS

9/28/2007

5

Agrees to be acquired by private-equity firm Bain Capital for $5.30 per share.

HEARST-ARGYLE TELEVISION, INC.

HTV

9/28/2007

26

Says a special committee of its board determined the tender offer of Hearst Corp. to acquire HTV at $23.50 per Series A common share is in adequate and urged shareholders to reject it.

TRAFFIX, INC.

TRFX

9/27/2007

6

Agrees to be acquired by New Motion Inc.; TRFX shareholders to receive 0.683 of a New Motion share per TRFX share held.

WASHINGTON BANKING CO.

WBCO

9/27/2007

20

Agrees to be acquired by FTBK for $21.40 per share.

ECHOSTAR COMMUNICATIONS CORP.

DISH

9/27/2007

46

Seen higher on renewed takeover speculation. An unconfirmed TheStreet.com report says AT&T has rekindled talks to acquire DISH at a potential price of $55-$65 per share.

SLM CORP.

SLM

9/26/2007

45.2

Says it was informed that the group (led by J.C. Flowers, BAC and JPM) planning to buy SLM does not expect to consummate the purchase. SLM added that it will pursue all legal remedies.

BEAR STEARNS COMPANIES INC. (THE)

BSC

9/26/2007

123

The NY Times reports on its website that Warren Buffett is interested in buying a minority stake in BSC. Others who have expressed interest in buying a minority stake are BAC, WB and the China-based Citic Group and China Construction Bank.

SYNERGY FINANCIAL GROUP, INC.

SYNF

9/26/2007

15

Receives New York State Banking Department approval for its planned acquisition by NYB. Expects deal to close Oct. 1, 2007.

METAL MANAGEMENT, INC.

MM

9/25/2007

54

Agrees to be acquired by Sims Group Ltd. at 2.05 Sims ADRs for each MM share held.

ACCREDITED HOME LENDERS HOLDING CO.

LEND

9/24/2007

12

Lone Star Fund V L.P. extends its tender offer for all LEND common shares outstanding through Oct. 5, 2007, in accordance with terms of the parties' amended merger accord.

PRIMEWEST ENERGY TRUST

PWI

9/24/2007

26

Agrees to be acquired by Canadian subsidiaries of Abu Dhabi National Energy Co. for C$26.75 per unit, or about C$5 billion.

C-COR INC.

CCBL

9/24/2007

12

Agrees to be acquired by ARRIS GROUP for $730M, payable 51% in cash and 49% in stock.

HARMAN INTERNATIONAL INDUSTRIES, INC.

HAR

9/21/2007

85

WSJ reports that, amid a credit crunch and lackluster financial results from HARMAN, Mr. Kravis and other investors involved in the HAR leveraged buyout deal have soured on the transaction.

RTW, INC.

RTWI

9/21/2007

12

Agrees to be acquired by Rockhill Holding Co. for $12.45 per share in cash.

ACCREDITED HOME LENDERS HOLDING CO.

LEND

9/20/2007

11.6

On September 18, after the market close, LEND and Lone Star announced amendments to their June 4, 2007 merger agreement to settle the pending lawsuit between the companies and reduce the price at which Lone Star agrees to acquire all of the common stock of LEND to $11.75 per share.

KELLWOOD CO.

KWD

9/20/2007

19.1

On September 18, after the market close, KWD said it received unsolicited letter from Sun Capital Securities Group LLC, indicating Sun Capital's interest in pursuing acquisition of all of KWD's outstanding shares at a price of $21 per share cash. S&P upgrades to hold from strong sell.

GOL LINHAS AEREAS INTELIGENTES S.A.

GOL

9/20/2007

23.8

On September 19, GOL said Fundo de Investimento em Participa es Asas (Fundo Asas), as controlling shareholder of GOL, informs co. that it is analyzing alternatives incl. share purchases and tender offers for the outstanding preferred shares of GOL. As one of these alternatives, Fundo Asas is also analyzing a possible delisting tender offer aimed at cancelling the registration of GOL as a listed co. on the NYSE.

FACTORY CARD & PARTY OUTLET CORP.

FCPO

9/18/2007

16.2

Unit of AAH Holding Corp. to buy for $72M, or $16.50 per share cash.

TARGET LOGISTICS, INC.

TLG

9/18/2007

2.4

Mainfreight Limited to buy for $53.7M in cash.


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