Today's Deals: GlobalNetFinancial Bags a Broker

Filed under:hznp.com — rose @ January 7, 2009 edit
GlobalNetFinancial + Dalton Kent Securities, IDACORP + Rocky Mountain Communications, Internet Commerce + Intercoastal Data, NCR + 4Front Technologies, TIBCO Software + Extensibility










 IDACORP (IDA) acquires Rocky Mountain Communications

 

   *  Amount:         Undisclosed

 

   *  Terms:            n/a

 

   *  Premium:        n/a

 

   *  Industry:        ISPs/Access providers

 

   *  Scorecard:      C+

 


    BOISE, Idaho, Aug. 2--IDACORP announced its purchase of Boise-based Internet service provider Rocky Mountain Communications, furthering IDACORP's entry into non-utility-based products and services. Rocky Mountain Communications is a national Internet service provider serving more than 25,000 subscribers primarily in the Western United States with dial up Internet acces, ADSL Internet access, high speed leased lines and frame relay, Voice Over IP (VOIP), and Wireless Internet Access. Financial terms of the deal were not disclosed.

     

 

 NCR (NCR) to acquire 4Front Technologies (FFTI)

 

   *  Amount:         $250 million

 

   *  Terms:            n/a

 

   *  Premium:        15%

 

   *  Industry:        Consultants/Designers

 

   *  Scorecard:      B

 


    DAYTON, Ohio, Aug. 3--NCR Corporation announced they it will acquire 4Front Technologies in a merger transaction for an aggregate consideration of approximately $250 million. 4Front Technologies, an American company headquartered in the United Kingdom, is a fast growing provider of a full range of information technology (IT) services, including outsourcing, hardware maintenance and help desk support -- primarily across Europe. This acquisition will strengthen NCR's position in the services market throughout Europe, as well as improving the utilization of NCR's infrastructure. Under the terms of the agreement, NCR will pay each 4Front Technologies stockholder $18.50 per share in cash for each outstanding share of 4Front Technologies common stock held.

     

 

 GlobalNetFinancial (GLBN) acquires Dalton Kent Securities

 

   *  Amount:         $20 million

 

   *  Terms:            1.45 million shares

 

   *  Premium:        n/a

 

   *  Industry:        Financial services

 

   *  Scorecard:      C+

 


    SANTA MONICA, Aug. 3--GlobalNetFinancial.com , an international provider of online financial news, content and transaction execution services, announced it has acquired 100% of the outstanding stock of Dalton Kent Securities Group. Based in New York, Dalton Kent is a full service broker dealer offering stocks, bonds, options and mutual funds catering to both U.S. and non-U.S. investors, and will complement GlobalNetFinancial's online financial transaction platforms and enable GlobalNetFinancial to provide a full range of services to both U.S. and non-U.S. investors. GlobalNetFinancial issued 1,450,000 shares of Common Stock to the former shareholders of Dalton Kent.

     

 

 Internet Commerce (ICCSA) acquires Intercoastal Data

 

   *  Amount:         $3.1 million

 

   *  Terms:            100% stock

 

   *  Premium:        n/a

 

   *  Industry:        E-commerce enablers

 

   *  Scorecard:      B-

 


    NEW YORK, Aug. 3--Internet Commerce Corporation ("ICC") ICCSA, a provider of Internet e-business supply chain connectivity, announced it has signed a definitive agreement to acquire Intercoastal Data Corporation, a leading EDI Service Bureau which provides a full range of EDI services for small and mid-sized companies. Intercoastal allows ICC to offer any client in the world an e-commerce solution, even if they don't have a computer. Under the terms of the agreement, ICC will issue shares of common stock having a value of approximately $3.1 million.

     

 

 TIBCO Software (TIBX) acquires Extensibility

 

   *  Amount:         $100 million

 

   *  Terms:            100% stock

 

   *  Premium:        n/a

 

   *  Industry:        Performance software

 

   *  Scorecard:      A-

 


    PALO ALTO, Aug. 3--TIBCO Software, provider of real-time infrastructure software for e-business, announced it has agreed to acquire Extensibility, a leader in Extensible Markup Language (XML) technology, in a stock transaction valued at approximately $100 million. The addition of Extensibility to TIBCO's current XML and schema management software will enable TIBCO to accelerate the development of next-generation wireless and B2B solutions.

     

 





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