Die Europäische Kommission genehmigte den Zusammenschluss am Donnerstag ohne Auflagen. Es drohe keine Einschränkung des Wettbewerbs im Europäischen Wirtschaftsraum.

3Com Corp. (COMS), Hewlett-Packard Co. (HPQ)

Premium offered: $0.36 or 4.77%
Acquirer: HPQ
Target: COMS
Offer per share: $7.90 cash
Value of outstanding common equity: $3,098,143,000
Target share price: $7.54
Acquirer share price: $52.04
Expected closing: 1st Half 2010 4/1/2010
Annualized gain: 20.75%
Note: Deal has been approved by the boards of both companies. The U.S. SEC
has reportedly opened an investigation of COMS option activity ahead of the
merger annoucement. The investgation is focused on illegal profits through
the use of advance knowledge of the deal.

Affiliated Computer Services Inc. (ACS), Xerox Inc. (XRX)

Premium offered: $0.53 or 0.88%
Acquirer: XRX
Target: ACS
Offer per share: 4.935 share and $18.60 per share
Value of offer per share: $60.86
Value of outstanding common equity securities: $5,942,214,664
Acquirer share price: $8.56
Target share price: $60.33
Expected closing: First Quarter 2/14/2010
Annualized gain: 8.41%
Note: Xerox has agreed to assume ACS’s $2B in debt and issue $300M of
convertible stock to ACS’s class B shareholders. Xerox also expects to sell
between $2B adn $3B in bonds to finance the acquisition. Directors of both
cos approved the deal as chairman of ACS plans to resign after the merger.
ACS and Xerox, resolving a shareholder lawsuit, agree that ACS Chariman
Deason won’t be forced to vote any of his shares of ACS in favor of the deal
if ACS gets a higher offer and withdraws its recommendation for the Xerox
acquisition and won’t complete deal until all Class A shareholders agree.
Xerox completed a $2 billion debt offering to cover part of ACS’s senior
credit facility. Shareholders of both cos will vote on the merger on Feb. 5.

Airvana (AIRV), SAC Private Capital

Premium offered: $0.05 or 0.66%
Acquirer: SAC Private Capital
Target: AIRV
Offer per share: $7.65 stock
Value of outstanding common equity: $478,737,000
Target share price: $7.60
Acquirer share price: N/A
Expected closing: By End of 1Q 2/12/2010
Annualized gain: 6.58%
Note: Airvana’s Board of Directors and Special Committee have approved the
deal.

Allied Capital Corp. (ALD), Ares Capital Corp. (ARCC)

Premium offered: $0.31 or 8.01%
Acquirer: ARCC
Target: ALD
Shares offered per share: 0.325 shares
Value of offer per share: $4.24
Value of outstanding common equity: $760,248,158
Acquirer share price: $13.06
Target share price: $3.93
Expected closing: First Quarter 2010 2/14/2010
Annualized gain: 75.95%
Note: Upon closing of the deal, ARCC shareholders will own about 65% of the
merged company and ALD holders 35%.

Allion Healthcare Inc. (ALLI), H.I.G. Capital LLC (Private)

Premium offered: $0.01 or 0.15%
Acquirer: H.I.G. Capital
Target: ALLI
Offer per share: $6.60 cash
Value of outstanding common equity: $176,022,000
Target share price: $6.59
Acquirer share price: N/A
Expected closing: First Quarter 2010 2/14/2010
Annualized gain: 1.46%
Note: H.I.G will repay ALLI debt of $79M as part of the merger pact.

Amicas Inc. (AMCS), Thoma Bravo LLC (Private)

Premium offered: -$0.07 or -1.29%
Acquirer: Thoma Bravo
Target: AMCS
Offer per share: $5.35 cash
Value of outstanding common equity: $190,995,000
Target share price: $5.42
Acquirer share price: N/A
Expected closing: 1Q 2010 2/14/2010
Annualized gain: -12.24%

BJ Services Co. (BJS), Baker Hughes Inc. (BHI)

Premium offered: $0.28 or 1.35%
Acquirer: BHI
Target: BJS
Offer per share: 0.40035 share and $2.69 per share
Value of offer per share: $20.90
Value of outstanding common equity securities: $6,104,699,806
Acquirer share price: $45.48
Target share price: $20.62
Expected closing: N/A
Annualized gain: N/A
Note: BJS and BHI received a second request from the U.S. Justice Department
for additional information about their proposed merger. The cos said they
would comply with the request promptly.

Black & Decker Corp. (BDK), Stanley Works (SWK)

Premium offered: $0.74 or 1.06%
Acquirer: SWK
Target: BDK
Shares offered per share: 1.275 share
Value of offer per share: $70.57
Value of outstanding common equity: $4,246,272,113
Acquirer share price: $55.35
Target share price: $69.83
Expected closing: N/A
Annualized gain: N/A
Note: Both Companies’ boards and the have approved the deal and SWK
shareholders will hold a small majority stake in the combined company, at
50.5%. Deal also gets anti-trust OK.

BPW Acquisition Corp. (BPW), Talbots Inc. (TLB)

Premium offered: $0.45 or 4.18%
Acquirer: TLB
Target: BPW
Shares offered per share: 1.086 share
Value of offer per share: $11.25
Value of outstanding common equity: $463,314,533
Acquirer share price: $10.36
Target share price: $10.80
Expected closing: N/A
Annualized gain: N/A
Note: BPW units consist of one share of BPW and one warrant to buy BPW
stock. Unitholders will receive between 0.9 and 1.3235 Talbots shares per
BPW share, and the warrants will be converted on a 50/50 basis into either
new Talbots warrants or new shares of Talbots, whose worth depends on
Talbots’ stock price. Upon completion, BPW unitholders would own between
60.4% and 69.1% of the merged company, which will continue trading under
Talbots’ ticker symbol. BPW shares will receive less than the $11.25
contemplated consideration if Talbots trades below $8.50, and more than that
if it trades above $12.50 when the merger closes.

Burlington Northern Santa Fe Corp. (BNI), Berkshire Hathaway Inc. (BRK.A,
BRK.B)

Premium offered: $1.20 or 1.21%
Acquirer: BRK.A
Target: BNI
Offer per share: $100.00 cash and stock
Value of outstanding common equity: $34,044,000,000
Target share price: $98.80
Acquirer share price: $99,665.00
Expected closing: First Quarter 2010 2/14/2010
Annualized gain: 11.67%
Note: BNI shareholders will have the option to receive either a cash payment
of $100 or a variable number of Berkshire shares, subject to a proration if
the elections do not equal roughly 60% cash/ 40% stock. The stock component
is subject to a collar where the value of each Berkshire share received is
fixed at $100 if the price of Berkshire closes between about $80,000 and
$125,000 a share. Outside the collar, shares of BRK.A received will be fixed
at either 0.001253489 per BNI below the collar and 0.000802233 per share of
BNI above the collar. Shareholders may also choose between Class A or the
equivalent economic value of Class B Berkshire shares. The deal requires the
approval by holders of 2/3 BNI outstanding shares. Berkshire said it will
borrow roughly $8 billion to finance the transaction and shareholders of the
compnay will meet Jan. 20 to undertake a 50-to-1 split of its Class B shares.

California Micro Devices Corp. (CAMD), ON Semiconductor Corp. (ONNN)

Premium offered: $0.01 or 0.21%
Acquirer: ONNN
Target: CAMD
Offer per share: $4.70 cash
Value of outstanding common equity: $107,348,000
Target share price: $4.69
Acquirer share price: $8.93
Expected closing: 1Q 2010 2/14/2010
Annualized gain: 2.02%
Note: On Semiconductor’s tender offer is expected to close Jan. 26.

Cedar Fair LP (FUN), Apollo Global Management (Private)

Premium offered: -$0.19 or -1.63%
Acquirer: Apollo Global
Target: FUN
Offer per share: $11.50 cash
Value of outstanding common equity: $634,915,000
Target share price: $11.69
Acquirer share price: N/A
Expected closing: By Early 2Q 2/27/2010
Annualized gain: -11.52%

Chattem Inc. (CHTT), Sanofi-Aventis (SNY)

Premium offered: $0.44 or 0.47%
Acquirer: SNY
Target: CHTT
Offer per share: $93.50 cash
Value of outstanding common equity: $1,780,240,000
Target share price: $93.06
Acquirer share price: $39.75
Expected closing: 1Q 2010 2/14/2010
Annualized gain: 4.48%

Diedrich Coffee (DDRX),Green Mountain Coffee Roasters Inc. (GMCR)

Premium offered: $0.06 or 0.17%
Acquirer: GMCR
Target: DDRX
Offer per share: $35.00 cash
Value of outstanding common equity: $200,550,000
Target share price: $34.94
Acquirer share price: $81.10
Expected closing: Early 2010 4/1/2010
Annualized gain: 0.75%
Note: After a lengthy bidding war with Peet’s Coffee & Tea Inc. (PEET),
Green Mountain comes out on top with the highest offer and takes over DDRX.
Green Mountain expects to close the transaction promptly in early 2010. The
deal provides for a graduated reverse break-up fee, starting at $8.517
million for a termination before Feb. 15 and increases by $1 million in each
subsequent 60-day period through June 15.

ICT Group Inc. (ICTG), Sykes Enterprises Inc. (SYKE)

Premium offered: $0.02 or 0.11%
Acquirer: SYKE
Target: ICTG
Offer per share: 0.3423 share and $7.69 per share
Value of offer per share: $16.37
Value of outstanding common equity securities: $2,774,749,217
Acquirer share price: $25.35
Target share price: $16.35
Expected closing: 2/2/2010
Annualized gain: 1.49%
Note: Each issued and outstanding share of ICTG will be converted into $7.69
in cash and SYKES stock with a value of $7.69, subject to a collar
mechanism. If the average SYKE share price is at/above $22.4652, the
exchange ratio will be 0.3423 SYKE share per ICTG share; at/below $19.3306,
the ratio becomes 0.3978 SYKE share per ICTG share. ICTG sets Feb. 2 as
voting date on the merger.

IMS Health (RX), TPG Capital (Private)

Premium offered: $0.60 or 2.80%
Acquirer: TPG Capital
Target: RX
Offer per share: $22.00 cash
Value of outstanding common equity: $4,013,680,000
Target share price: $21.40
Expected closing: By End of 1Q 2010 2/16/2010
Annualized gain: 25.58%
Note: The deal includes the assumption of RX debt and has yet to be approved
by shareholders of the company. A special meeting will be held Feb. 8
regarding the merger.

Iowa Telecommunication Services Inc. (IWA), Windstream Corp. (WIN)

Premium offered: -$0.10 or -0.60%
Acquirer: WIN
Target: IWA
Offer per share: 0.804 share and $7.90 per share
Value of offer per share: $16.75
Value of outstanding common equity securities: $549,623,881
Acquirer share price: $11.01
Target share price: $16.85
Expected closing: mid 2010 4/1/2010
Annualized gain: -2.63%
Note: The boards of both companies have approve the deal and hope to close
it in mid-2010.

MPS Group Inc. (MPS), Adecco Group (Private)

Premium offered: $0.03 or 0.22%
Acquirer: Adecco
Target: MPS
Offer per share: $13.80 cash
Value of outstanding common equity: $1,285,332,000
Target share price: $13.77
Acquirer share price: N/A
Expected closing: First Quarter 2010 2/14/2010
Annualized gain: 2.09%
Note:EU Commission cleared the Adecco/MPS deal on 12/18 as MPS also settles
shareholder lawsuits.

On2 Technologies Inc. (ONT), Google Inc. (GOOG)

Premium offered: $0.01 or 1.50%
Acquirer: GOOG
Target: ONT
Offer per share: 0.001 share and $0.15 per share
Value of offer per share: $0.75
Value of outstanding common equity securities: $131,981,589
Acquirer share price: $601.99
Target share price: $0.74
Expected closing: N/A
Annualized gain: N/A
Note: On2 shareholders file lawsuit against Google Aug. 10 claiming the
deal’s price tag was unfair. In December, ONT adjourned shareholder meeting
several times and a month later the companies amended the merger agreement
so ONT holders would receive 15 cents a share in cash in addition to .0010
shares of Google stock. The amendement accounts for the rise in Google’s
stock price since the merger was announced in August. ONT holders will
reconvene Feb. 17 to consider the deal.

PepsiAmericas Inc. (PAS), PepsiCo Inc. (PEP)

Premium offered: $0.16 or 0.53%
Acquirer: PEP
Target: PAS
Offer per share: 0.2511 share and $14.25 per share
Value of offer per share: $29.52
Value of outstanding common equity securities: $3,674,591,142
Acquirer share price: $60.82
Target share price: $29.37
Expected closing: Early 2010 2/16/2015
Annualized gain: 0.10%
Note: Under the agreement, PAS shareholders have the option to select either
$28.50 in cash or 0.5022 shares of PEP stock. EU approves the deal.

Pepsi Bottling Group Inc. (PBG), PepsiCo Inc. (PEP)

Premium offered: $0.21 or 0.56%
Acquirer: PEP
Target: PBG
Offer per share: 0.3216 share and $18.25 per share
Value of offer per share: $37.81
Value of outstanding common equity securities: $8,147,236,742
Acquirer share price: $60.82
Target share price: $37.60
Expected closing: Early 2010 2/16/2010
Annualized gain: 5.09%
Note: Under the agreement, PBG shareholders have the option to select either
$36.50 in cash or 0.6432 shares of PEP stock. EU approves deal.

Quixote Corp. (QUIX), Trinity Industries Inc. (TRN)

Premium offered: $0.05 or 0.79%
Acquirer: TRN
Target: QUIX
Offer per share: $6.38 cash
Value of outstanding common equity: $59,525,400
Target share price: $6.33
Acquirer share price: N/A
Expected closing: 1Q 2010 2/14/2010
Annualized gain: 7.49%

Silicon Storage Technology Inc. (SSTI), Prophet Equity LP

Premium offered: -$0.48 or -18.60%
Acquirer: Prophet Equity LP
Target: SSTI
Offer per share: $2.10 cash
Value of outstanding common equity: $201,285,000
Target share price: $2.58
Acquirer share price: N/A
Expected closing: 2Q 2010 5/16/2010
Annualized gain: -52.64%
Note: Deal has been approved by the SSTI board. The CEO, COO have agreed to
exchange their shares for shares in the resulting private company. SSTI has
45 days from the start of the tender offer to shop around for a higher bid.
A committee representing a 13.1% stake in SSTI said on 1/4/2010 it would
vote against the merger. A Full Value Committee has said it oppses the SSTI
merger with Prophet Equity.

Sun Microsystems Inc. (JAVA), Oracle Corp. (ORCL)

Premium offered: $0.12 or 1.28%
Acquirer: ORCL
Target: JAVA
Offer per share: $9.50 cash
Value of outstanding common equity: $7,074,650,000
Target share price: $9.38
Acquirer share price: $24.35
Expected closing: N/A
Annualized gain: N/A
Note: The U.S. Justice Department cleared the way for Oracle’s acquisition
of Sun Microsystems about a month after Sun’s shareholders approved the
deal. Oracle withdrew its application for clearance in Russia where
authorities are unwilling to approve the deal ahead of a decision from the
European Commission. The EC objected to the deal, saying Sun’s MySQL
database software would reduce competition in the database market. The
European Union later extended its review of the deal to the end of Jan.
after Oracle asked for the extension to allow it more time to respond to the
concerns the Commission voiced. A bipartisan group of U.S. senators have
been urging the European Commission to speed up its investigation into the
ORCL/JAVA deal, saying JAVA’s financial position has become more precarious
as the EC’s inquiry has continued. Oracle’s Chief Executive Larry Ellison
has said he’s willing to create a separate entity to house its MySQL open
database business in order to placate European regulators and follow through
with the acquisition.

Source ow Jones Newswires

Encore Acquisition Co. (EAC), Denbury Resources Inc. (DNR)

Premium offered: $1.97 or 4.10%
Acquirer: DNR
Target: EAC
Offer per share: $50.00 cash and stock
Value of outstanding common equity: $2,777,000,000
Target share price: $48.03
Acquirer share price: $14.83
Expected closing: 1Q 2010 2/14/2010
Annualized gain: 27.98%
Note: Each Encore holder is entitled to $15 in cash and a value of $35 of
Denbury stock if Denbury’s stock price is in a range from $13.29 to $16.91.
Encore holders will also have an option to receive all stock or all cash,
subject to a proration feature such that the overall mix of consideration is
70% Denbury common stock and 30% cash. If Denbury’s stock price moves
outside that range, the terms of the deal are subject to the following
collar mechanism: if Denbury’s stock price falls below $13.29, EAC holders
will receive 2.6336 shares of Denbury stock; above $16.91, holders will
receive 2.0698 shares of Denbury stock. The cash will remain $15. Denbury
has anti-trust approval to go ahead with the merger.

FGX International (FGXI), Esslior International (EI.FR)

Premium offered: $0.07 or 0.36%
Acquirer: EI.FR
Target: FGXI
Offer per share: $19.75 stock
Value of outstanding common equity: $436,870,000
Target share price: $19.68
Acquirer share price: N/A
Expected closing: N/A
Annualized gain: N/A
Note: Boards of Directors of both compaines have approved the deal.

Harleysville National Corp. (HNBC), First Niagara Fincl Grp. (FNFG)

Premium offered: $0.17 or 2.62%
Acquirer: FNFG
Target: HNBC
Shares offered per HNBC share: 0.474 shares
Value of offer per share: $6.78
Value of outstanding common equity: $292,412,543
FNFG share price: $14.31
HNBC share price: $6.61
Expected closing: 2/14/2010
Annualized gain: 17.85%
Note: First Niagara said in late Sept. it will offer $400M of stock to
bolster capital cusion, fund expansion and for other purposes. The company
in Dec. also said it will lend up to $50 million as part of a
recapitalization plan that will make HNBC and its bank subsidiary
well-capitalized.

I2 Technologies Inc. (ITWO), JDA Software Group Inc. (JDAS)

Premium offered: $0.10 or 0.55%
Acquirer: JDAS
Target: ITWO
Offer per share: 0.256 share and $12.70 per share
Value of offer per share: $19.30
Value of outstanding common equity securities: $433,006,664
Acquirer share price: $25.80
Target share price: $19.20
Expected closing: N/A
Annualized gain: N/A
Note: JDAS completed its sale of $275 million in notes and raised enough
cash to proceed with the intended structure of the deal. The acquisition was
expected to close Dec. 10. I2 has set 1/28/10 for a special shareholders
meeting.

ICT Group Inc. (ICTG), Sykes Enterprises Inc. (SYKE)

Premium offered: $0.12 or 0.72%
Acquirer: SYKE
Target: ICTG
Offer per share: 0.3423 share and $7.69 per share
Value of offer per share: $16.68
Value of outstanding common equity securities: $2,827,556,625
Acquirer share price: $26.26
Target share price: $16.56
Expected closing: Year End 12/31/2009
Annualized gain: 32.73%
Note: Each issued and outstanding share of ICTG will be converted into $7.69
in cash and SYKES stock with a value of $7.69, subject to a collar
mechanism. If the average SYKE share price is at/above $22.4652, the
exchange ratio will be 0.3423 SYKE share per ICTG share; at/below $19.3306,
the ratio becomes 0.3978 SYKE share per ICTG share.

IMS Health (RX), TPG Capital (Private)

Premium offered: $0.99 or 4.71%
Acquirer: TPG Capital
Target: RX
Offer per share: $22.00 cash
Value of outstanding common equity: $4,013,680,000
Target share price: $21.01
Expected closing: By End of 1Q 2010 1/17/2010
Annualized gain: 68.80%
Note: The deal includes the assumption of RX debt and has yet to be approved
by shareholders of the company.

Iowa Telecommunication Services Inc. (IWA), Windstream Corp. (WIN)

Premium offered: -$0.30 or -1.76%
Acquirer: WIN
Target: IWA
Offer per share: 0.804 share and $7.90 per share
Value of offer per share: $16.99
Value of outstanding common equity securities: $557,281,774
Acquirer share price: $11.30
Target share price: $17.29
Expected closing: mid 2010 4/1/2010
Annualized gain: -6.50%
Note: The boards of both companies have approve the deal and hope to close
it in mid-2010.

Marvel Entertainment Inc. (MVL), Walt Disney Co. (DIS)

Premium offered: $0.04 or 0.08%
Acquirer: DIS
Target: MVL
Offer per share: 0.745 share and $30.00 per share
Value of offer per share: $53.96
Value of outstanding common equity securities: $4,235,643,543
Acquirer share price: $32.17
Target share price: $53.92
Expected closing: By End Of 4Q 12/31/2009
Annualized gain: 3.73%
Note: The children of late comic-book creator Jack Kirby are seeking to
recapture the copyrights to the characters he created by as early as 2014.
Control over the copyrights would grant them licensing rights, or at least a
share of the profits the characters generate. Marvel shareholders of record
on Nov. 23 will be allowed to vote at a special meeting on Dec. 31, when the
cos expect to close the acquisition.

MPS Group Inc. (MPS), Adecco Group (Private)

Premium offered: $0.06 or 0.44%
Acquirer: Adecco
Target: MPS
Offer per share: $13.80 cash
Value of outstanding common equity: $1,285,332,000
Target share price: $13.74
Acquirer share price: N/A
Expected closing: First Quarter 2010 2/14/2010
Annualized gain: 3.01%
Note:EU Commission cleared the Adecco-MPS deal on 12/18.

On2 Technologies Inc. (ONT), Google Inc. (GOOG)

Premium offered: $0.01 or 2.28%
Acquirer: GOOG
Target: ONT
Shares offered per share: 0.0010 shares
Value of offer per share: $0.61
Value of outstanding common equity: $105,306,000
GOOG share price: $606.60
ONT share price: $0.59
Expected closing: N/A
Annualized gain: N/A
Note: On2 shareholders file lawsuit against Google Aug. 10 claiming the
deal’s price tag is unfair. ONT settles some suits in Oct. The shareholders
special meeting on 12/18 was adjourned until 12/23 On 12/22, On2 announced
that another adjournment was the only issue to be voted on at the
shareholders meeting on 12/23. Leading proxy advisors recommend merger. On
12/16 the exchange ratio was announced as 0.0010 per share of Google for
each ONT share.

The agreement, which is subject to XTO stockholder approval and regulatory clearance, will “enhance Exxon Mobil’s position in the development of unconventional natural gas and oil resources,” Exxon Mobil said.
Exxon Mobil has agreed to issue 0.7098 common shares for each common share of XTO.
The deal represents a 25% premium to XTO stockholders.
The transaction value includes $10 billion of existing XTO debt and is based on the closing share prices of Exxon Mobil and XTO on Friday.

Harleysville National Corp. (HNBC), First Niagara Fincl Grp. (FNFG)

Premium offered: $0.25 or 4.17%
Acquirer: FNFG
Target: HNBC
Shares offered per HNBC share: 0.474 shares
Value of offer per share: $6.32
Value of outstanding common equity: $272,591,428
FNFG share price: $13.34
HNBC share price: $6.07
Expected closing: 2/14/2010
Annualized gain: 21.90%
Note: First Niagara said in late Sept. it will offer $400M of stock to
bolster capital cusion, fund expansion and for other purposes. The company
in Dec. also said it will lend up to $50 million as part of a
recapitalization plan that will make HNBC and its bank subsidiary
well-capitalized.

I2 Technologies Inc. (ITWO), JDA Software Group Inc. (JDAS)

Premium offered: $0.27 or 1.45%
Acquirer: JDAS
Target: ITWO
Offer per share: 0.256 share and $12.70 per share
Value of offer per share: $18.97
Value of outstanding common equity securities: $425,541,960
Acquirer share price: $24.50
Target share price: $18.70
Expected closing: 1Q 2010 2/14/2010
Annualized gain: 7.64%
Note: JDAS intends to sell about $275 million in notes by Dec. 18 to help
fund the deal. If it fails to do so, JDAS and ITWO will consider a different
merger structure in which each ITWO share wil be swapped for $6 cash and
0.58 share of JDAS. Law office Brodsky & Smith is investigating the deal for
possible violations of Pa. state laws, saying the terms prevent other buyers
from making competing offers that could increase compensation for
shareholders. JDAS is offering $275 million of senior notes to finance the
deal.

ICT Group Inc. (ICTG), Sykes Enterprises Inc. (SYKE)

Premium offered: $0.08 or 0.46%
Acquirer: SYKE
Target: ICTG
Offer per share: 0.3423 share and $7.69 per share
Value of offer per share: $16.56
Value of outstanding common equity securities: $2,806,665,782
Acquirer share price: $25.90
Target share price: $16.48
Expected closing: Year End 12/31/2009
Annualized gain: 6.97%
Note: Each issued and outstanding share of ICTG will be converted into $7.69
in cash and SYKES stock with a value of $7.69, subject to a collar
mechanism. If the average SYKE share price is at/above $22.4652, the
exchange ratio will be 0.3423 SYKE share per ICTG share; at/below $19.3306,
the ratio becomes 0.3978 SYKE share per ICTG share.

IMS Health (RX), TPG Capital (Private)

Premium offered: $0.58 or 2.70%
Acquirer: TPG Capital
Target: RX
Offer per share: $22.00 cash
Value of outstanding common equity: $4,013,680,000
Target share price: $21.42
Expected closing: By End of 1Q 2010 1/17/2010
Annualized gain: 24.06%
Note: The deal includes the assumption of RX debt and has yet to be approved
by shareholders of the company.

Iowa Telecommunication Services Inc. (IWA), Windstream Corp. (WIN)

Premium offered: $10.58 or 98.87%
Acquirer: WIN
Target: IWA
Offer per share: 0.804 share and $7.90 per share
Value of offer per share: $21.28
Value of outstanding common equity securities: $698,149,554
Acquirer share price: $16.64
Target share price: $10.70
Expected closing: mid 2010 4/1/2010
Annualized gain: 313.79%
Note: The boards of both companies have approve the deal and hope to close
it in mid-2010.

Marvel Entertainment Inc. (MVL), Walt Disney Co. (DIS)

Premium offered: $0.34 or 0.65%
Acquirer: DIS
Target: MVL
Offer per share: 0.745 share and $30.00 per share
Value of offer per share: $53.10
Value of outstanding common equity securities: $4,168,011,301
Acquirer share price: $31.01
Target share price: $52.76
Expected closing: By End Of 4Q 12/31/2009
Annualized gain: 9.87%
Note: The children of late comic-book creator Jack Kirby are seeking to
recapture the copyrights to the characters he created by as early as 2014.
Control over the copyrights would grant them licensing rights, or at least a
share of the profits the characters generate. Marvel shareholders of record
on Nov. 23 will be allowed to vote at a special meeting on Dec. 31, when the
cos expect to close the acquisition.

MPS Group Inc. (MPS), Adecco Group (Private)

Premium offered: $0.12 or 0.88%
Acquirer: Adecco
Target: MPS
Offer per share: $13.80 cash
Value of outstanding common equity: $1,285,332,000
Target share price: $13.68
Acquirer share price: N/A
Expected closing: First Quarter 2010 2/14/2010
Annualized gain: 4.64%

On2 Technologies Inc. (ONT), Google Inc. (GOOG)

Premium offered: $0.01 or 1.40%
Acquirer: GOOG
Target: ONT
Shares offered per share: 0.00102459 shares
Value of offer per share: $0.60
Value of outstanding common equity: $105,306,000
GOOG share price: $585.60
ONT share price: $0.59
Expected closing: 4Q 2009 12/18/2009
Annualized gain: 46.55%
Note: On2 shareholders file lawsuit against Google Aug. 10 claiming the
deal’s price tag is unfair. ONT settles some suits in Oct. The co’s
directors will vote Dec. 3 on the deal and shareholders will vote later in
the month, the 18th, at a special meeting.

PepsiAmericas Inc. (PAS), PepsiCo Inc. (PEP)

Premium offered: $0.17 or 0.57%
Acquirer: PEP
Target: PAS
Offer per share: 0.2511 share and $14.25 per share
Value of offer per share: $30.33
Value of outstanding common equity securities: $3,775,230,365
Acquirer share price: $64.04
Target share price: $30.16
Expected closing: Late 2009 or early 2010 12/31/2009
Annualized gain: 8.59%
Note: Under the agreement, PAS shareholders have the option to select either
$28.50 in cash or 0.5022 shares of PEP stock. EU approves the deal.

Der Currency Carry Trade ist eine Anlagestrategie des Devisenmarktes. Der Händler nimmt in einer Währung einen Kredit mit niedrigen Zinsen auf. Dieses Geld investiert er in einer Währung mit hohen Zinsen.
Dazu muss man keinen Kredit bei der ausländischen Bank aufnehmen, sondern es reicht, die Währung mit dem niedrigeren Leitzins zu verkaufen und diejenige mit dem höheren Zins zu kaufen. Als Carrytrader versucht man in erster Linie von den Zinsdifferenzen zu profitieren.
Es handelt sich hier nicht um risikoarme Arbitrage. Der Investor trägt sowohl das Wechselkursrisiko als auch das Zinsänderungsrisiko.

Die Rendite der Currency Carry Trades ergibt sich aus der Differenz zwischen Haben- und Sollzins und dem Gewinn/Verlust aus der Wechselkursentwicklung.

Um das Wechselkursrisiko, wie auch das Zinsänderungsrisiko zu reduzieren, können Zinsschwankungen über festverzinsliche Geschäfte eliminiert und das Wechselkursrisiko über Terminmarktgeschäfte reduziert werden.

Diese Absicherungen reduzieren jedoch die erwartete Rendite.

On2 Technologies Inc. (ONT), Google Inc. (GOOG)

Premium offered: $0.01 or 1.62%
Acquirer: GOOG
Target: ONT
Shares offered per share: 0.00109487 shares
Value of offer per share: $0.60
Value of outstanding common equity: $105,306,468
GOOG share price: $548.01
ONT share price: $0.59
Expected closing: 4Q 2009 11/15/2009
Annualized gain: 33.45%
Note: On2 shareholders file lawsuit against Google Aug. 10 claiming the
deal’s price tag is unfair. ONT settles some suits in Oct.

Parallel Petroleum Corp. (PLLL), Apollo Global Management, LLC (Private)

Premium offered: $0.01 or 0.32%
Acquirer: Apollo
Target: PLLL
Offer per share: $3.15 cash
Value of outstanding common equity: $131,197,500
Target share price: $3.14
Acquirer share price: N/A
Expected closing: N/A
Annualized gain: N/A
Note: Under the terms of the deal, Apollo Global will assume or repay
Parallel’s $351M in debt and provide $283.2M in equity to complete the
transaction. PLL says in late Oct. 35.2M shares have been tendered and not
withdrawn. A subsequient offer at the same price is due to expire Oct. 29.

Patriot Capital Funding Inc. (PCAP), Prospect Capital Corp. (PSEC)

Premium offered: $0.19 or 4.83%
Acquirer: PSEC
Target: PCAP
Shares offered per share: 0.3992 share
Value of offer per share: $4.12
Value of outstanding common equity: $86,314,000
Acquirer share price: $10.29
Target share price: $3.93
Expected closing: N/A
Annualized gain: N/A
Note: Prospect will pay off $110.5 million in debt from Patriot as part of
the deal. PCAP holders will vote on merger Nov. 18.

PepsiAmericas Inc. (PAS), PepsiCo Inc. (PEP)

Premium offered: $0.29 or 0.99%
Acquirer: PEP
Target: PBG
Offer per share: 0.2511 share and $14.25 per share
Value of offer per share: $29.58
Value of outstanding common equity securities: $3,681,779,658
Acquirer share price: $61.05
Target share price: $29.29
Expected closing: Late 2009 or early 2010 12/31/2009
Annualized gain: 5.64%
Note: Under the agreement, PAS shareholders have the option to select either
$28.50 in cash or 0.5022 shares of PEP stock. EU approves the deal.

Pepsi Bottling Group Inc. (PBG), PepsiCo Inc. (PEP)

Premium offered: $0.40 or 1.08%
Acquirer: PEP
Target: PBG
Offer per share: 0.3216 share and $18.25 per share
Value of offer per share: $37.88
Value of outstanding common equity securities: $8,163,175,366
Acquirer share price: $61.05
Target share price: $37.48
Expected closing: Late 2009 or early 2010 12/31/2009
Annualized gain: 6.14%
Note: Under the agreement, PBG shareholders have the option to select either
$36.50 in cash or 0.6432 shares of PEP stock. EU approves deal.

Perot Systems Corp. (PER), Dell Inc. (DELL)

Premium offered: $0.05 or 0.18%
Acquirer: DELL
Target: PER
Offer per share: $30.00 cash
Value of outstanding common equity: $3,627,900,000
Target share price: $29.95
Acquirer share price: $14.89
Expected closing: Dell’s Fiscal 4Q 12/16/2009
Annualized gain: 1.37%
Note: PER shareholders launched a bid to stop DELL’s bid for the IT services
provider, alleging PER board and executives failed to maximize shareholder
value and discouraged additional offers before the co reached the deal with
DELL.

Schering-Plough Corp. (SGP), Merck & Co. (MRK)

Premium offered: $0.24 or 0.82%
Acquirer: MRK
Target: SGP
Offer per share: 0.5767 share and $10.50 per share
Value of offer per share: $29.08
Value of outstanding common equity securities: $46,520,811,200
Acquirer share price: $32.21
Target share price: $28.84
Expected closing: Year End 12/31/2009
Annualized gain: 4.66%
Note: Merck and Schering Plough agreed last month to pay $41.5M to settle
lawsuits related to the drugs associated with their cholesterol joint
venture. Shareholders and the European Commission approve the deal as Merck
has already name its post-merger management team and directors.

Starent Networks Corp. (STAR), Cisco Systems Inc. (CSCO)

Premium offered: $1.27 or 3.77%
Acquirer: CSCO
Target: STAR
Offer per share: $35.00 cash
Value of outstanding common equity: $2,504,250,000
Target share price: $33.73
Acquirer share price: $23.41
Expected closing: First Half 2010 4/1/2010
Annualized gain: 8.87%

Sunair Services Corp. (SNR), Massey Services Inc. (Private)

Premium offered: $0.06 or 2.23%
Acquirer: Massey Services
Target: SNR
Offer per share: $2.75 cash
Value of outstanding common equity: $27,995,000
Target share price: $2.69
Acquirer share price: N/A
Expected closing: November 11/15/2009
Annualized gain: 45.23%

Sun Microsystems Inc. (JAVA), Oracle Corp. (ORCL)

Premium offered: $1.28 or 15.57%
Acquirer: ORCL
Target: JAVA
Offer per share: $9.50 cash
Value of outstanding common equity: $7,074,650,000
Target share price: $8.22
Acquirer share price: $21.39
Expected closing: NA
Annualized gain: NA
Note: The U.S. Justice Department cleared the way for Oracle’s acquisition
of Sun Microsystems about a month after Sun’s shareholders approved the
deal. The European Commission opened an antitrust investigation, citing
“serious concerns” the deal will stymie competition, giving the commission
until January to decide whether it will require concessions from Oracle in
order to allow the deal to move forward. The Commission later expressed
disappointment with Oracle’s cooperation in its probe.

Switch & Data Facilities Co. (SDXC), Equinix Inc. (EQIX)

Premium offered: $0.32 or 1.82%
Acquirer: EQIX
Target: SDXC
Offer per share: 0.155272 share and $3.81 per share
Value of offer per share: $17.75
Value of outstanding common equity securities: $1,732,838,045
Acquirer share price: $89.76
Target share price: $17.43
Expected closing: N/A
Annualized gain: N/A
Note: Under terms of the deal, SDXC shareholders will choose either 0.19409
share of EQIX stock or $19.06 in cash, with total consideration consisting
of 80% EQIX stock and 20% cash. If holders of more than 80% of SDXC stock
choose to receive EQIX stock or if holders of more than 20% SDXC stock
choose to receive cash, the consideration will be pro-rated to achieve these
proportions. For purposes of this table, the 80% stock/20% cash ratio is
used.

Trimeris Inc. (TRMS), Arigene Co. (067850.KQ)

Premium offered: $0.02 or 0.56%
Acquirer: Arigene
Target: TRMS
Offer per share: $3.60 cash
Value of outstanding common equity: $80,460,000
Target share price: $3.58
Acquirer share price: N/A
Expected closing: Fourth Quarter 11/15/2009
Annualized gain: 11.33%
Note: Arigene starts tender offer for shares of TRMS late Oct.

Varian Inc. (VARI), Agilent Technologies Inc. (A)

Premium offered: $0.71 or 1.38%
Acquirer: A
Target: VARI
Offer per share: $52.00 cash
Value of outstanding common equity: $1,499,160,000
Target share price: $51.29
Expected closing: By Year End 12/31/2009
Annualized gain: 7.89%
Note: Boards of both companies and VARI shareholders approve deal, but the
Federal Trade Commission has asked for additional information about the
deal. Cos settle lawsuit related to the merger.

Virgin Mobile USA (VM), Sprint Nextel Corp (S)

Premium offered: $0.08 or 1.87%
Acquirer: S
Target: VM
Shares offered per VM share: 1.3668 shares
Value of offer per share: $4.36
Value of outstanding common equity: N/A
S share price: $3.19
VM share price: $4.28
Expected closing: 4Q 2009 or Early 2010 12/30/2009
Annualized gain: 10.76%
Note: Sprint Nextel gets antitrust OK in late Aug. to acquire Virgin Mobile;
the exchange ratio will be subject to a collar such that in no event will
the exchange ratio be lower than 1.0630 or higher than 1.3668. The deal has
different terms for the holders from Virgin Group and SK Telecom.
Quelle : Dow Jones Newswires

On2 Technologies Inc. (ONT), Google Inc. (GOOG)

Premium offered: $0.01 or 1.90%
Acquirer: GOOG
Target: ONT
Offer per share: $0.60 stock
Value of outstanding common equity: $105,306,000
Target share price: $0.59
Acquirer share price: $559.47
Expected closing: Fourth quarter 11/15/2009
Annualized gain: 34.71%
Note: On2 shareholders file lawsuit against Google Aug. 10 claiming the
deal’s price tag is unfair.

Parallel Petroleum Corp. (PLLL), Apollo Global Management, LLC (Private)

Premium offered: $0.01 or 0.32%
Acquirer: Apollo
Target: PLLL
Offer per share: $3.15 cash
Value of outstanding common equity: $131,197,500
Target share price: $3.14
Acquirer share price: N/A
Expected closing: N/A
Annualized gain: N/A
Note: Under the terms of the deal, Apollo Global will assume or repay
Parallel’s $351M in debt and provide $283.2M in equity to complete the
transaction. PLL says in late Oct. 35.2M shares have been tendered and not
withdrawn. A subsequient offer at the same price is due to expire Oct. 29.

Patriot Capital Funding Inc. (PCAP), Prospect Capital Corp. (PSEC)

Premium offered: $0.15 or 3.76%
Acquirer: PSEC
Target: PCAP
Shares offered per share: 0.3992 share
Value of offer per share: $4.12
Value of outstanding common equity: $86,314,000
Acquirer share price: $10.51
Target share price: $3.97
Expected closing: N/A
Annualized gain: N/A
Note: Prospect will pay off $110.5 million in debt from Patriot as part of
the deal.

PepsiAmericas Inc. (PAS), PepsiCo Inc. (PEP)

Premium offered: -$0.82 or -2.80%
Acquirer: PEP
Target: PAS
Offer per share: $28.50 cash
Value of outstanding common equity: $3,547,395,000
Target share price: $29.32
Expected closing: Late 2009, Early 2010 12/31/2009
Annualized gain: -15.47%
Note: Under the agreement, PAS shareholders have the option to select either
$28.50 in cash or 0.5022 shares of PEP stock.

Pepsi Bottling Group Inc. (PBG), PepsiCo Inc. (PEP)

Premium offered: -$1.04 or -2.77%
Acquirer: PEP
Target: PBG
Offer per share: $36.50 cash
Value of outstanding common equity: $7,865,020,000
Target share price: $37.54
Expected closing: Late 2009, Early 2010 12/31/2009
Annualized gain: -15.32%
Note: Under the agreement, PBG shareholders have the option to select either
$36.50 in cash or 0.6432 shares of PEP stock.

Perot Systems Corp. (PER), Dell Inc. (DELL)

Premium offered: $0.09 or 0.30%
Acquirer: DELL
Target: PER
Offer per share: $30.00 cash
Value of outstanding common equity: $3,627,900,000
Target share price: $29.91
Acquirer share price: $15.62
Expected closing: Dell’s Fiscal 4Q 12/16/2009
Annualized gain: 2.15%
Note: PER shareholders launched a bid to stop DELL’s bid for the IT services
provider, alleging PER board and executives failed to maximize shareholder
value and discouraged additional offers before the co reached the deal with
DELL.

Schering-Plough Corp. (SGP), Merck & Co. (MRK)

Premium offered: $0.23 or 0.78%
Acquirer: MRK
Target: SGP
Offer per share: 0.5767 share and $10.50 per share
Value of offer per share: $29.47
Value of outstanding common equity securities: $47,148,260,800
Acquirer share price: $32.89
Target share price: $29.24
Expected closing: Year End 12/31/2009
Annualized gain: 4.31%
Note: Merck and Schering Plough agreed last month to pay $41.5M to settle
lawsuits related to the drugs associated with their cholesterol joint
venture. Shareholders and the European Commission approve the deal as Merck
has already name its post-merger management team and directors.

Sepracor Inc. (SEPR), Dainippon Sumitomo Pharma Co. (4506.TO)

Premium offered: $0.02 or 0.09%
Acquirer: 4506.TO
Target: SEPR
Offer per share: $23.00 cash
Value of outstanding common equity: $2,552,770,000
Target share price: $22.98
Acquirer share price: N/A
Expected closing: Fourth Quarter 11/15/2009
Annualized gain: 1.59%
Note: Dainippon Sumitomo Pharma said, on Oct. 14, that it has successfully
completed its tender offer for Sepracor.

Starent Networks Corp. (STAR), Cisco Systems Inc. (CSCO)

Premium offered: $1.21 or 3.58%
Acquirer: CSCO
Target: STAR
Offer per share: $35.00 cash
Value of outstanding common equity: $2,504,250,000
Target share price: $33.79
Acquirer share price: $24.35
Expected closing: First Half 2010 4/1/2010
Annualized gain: 8.33%

Sunair Services Corp. (SNR), Massey Services Inc. (Private)

Premium offered: $0.06 or 2.23%
Acquirer: Massey Services
Target: SNR
Offer per share: $2.75 cash
Value of outstanding common equity: $27,995,000
Target share price: $2.69
Acquirer share price: N/A
Expected closing: November 11/15/2009
Annualized gain: 40.71%

Sun Microsystems Inc. (JAVA), Oracle Corp. (ORCL)

Premium offered: $1.05 or 12.43%
Acquirer: ORCL
Target: JAVA
Offer per share: $9.50 cash
Value of outstanding common equity: $7,074,650,000
Target share price: $8.45
Acquirer share price: $22.19
Expected closing: NA
Annualized gain: NA
Note: The U.S. Justice Department cleared the way for Oracle’s acquisition
of Sun Microsystems about a month after Sun’s shareholders approved the
deal. The European Commission opened an antitrust investigation, citing
“serious concerns” the deal will stymie competition, giving the commission
until January to decide whether it will require concessions from Oracle in
order to allow the deal to move forward. The Commission later expressed
disappointment with Oracle’s cooperation in its probe.

Switch & Data Facilities Co. (SDXC), Equinix Inc. (EQIX)

Premium offered: $0.29 or 1.61%
Acquirer: EQIX
Target: SDXC
Offer per share: 0.155272 share and $3.81 per share
Value of offer per share: $18.29
Value of outstanding common equity securities: $1,785,900,699
Acquirer share price: $93.26
Target share price: $18.00
Expected closing: N/A
Annualized gain: N/A
Note: Under terms of the deal, SDXC shareholders will choose either 0.19409
share of EQIX stock or $19.06 in cash, with total consideration consisting
of 80% EQIX stock and 20% cash. If holders of more than 80% of SDXC stock
choose to receive EQIX stock or if holders of more than 20% SDXC stock
choose to receive cash, the consideration will be pro-rated to achieve these
proportions. For purposes of this table, the 80% stock/20% cash ratio is
used.

Trimeris Inc. (TRMS), Arigene Co. (067850.KQ)

Premium offered: $0.01 or 0.28%
Acquirer: Arigene
Target: TRMS
Offer per share: $3.60 cash
Value of outstanding common equity: $80,460,000
Target share price: $3.59
Acquirer share price: N/A
Expected closing: Fourth Quarter 11/15/2009
Annualized gain: 5.08%
Note: Arigene starts tender offer for shares of TRMS late Oct.

Varian Inc. (VARI), Agilent Technologies Inc. (A)

Premium offered: $0.75 or 1.46%
Acquirer: A
Target: VARI
Offer per share: $52.00 cash
Value of outstanding common equity: $1,499,160,000
Target share price: $51.25
Expected closing: By Year End 12/31/2009
Annualized gain: 8.09%
Note: Boards of both companies and VARI shareholders approve deal, but the
Federal Trade Commission has asked for additional information about the
deal. Cos settle lawsuit related to the merger.

Virgin Mobile USA Inc. (VM), Sprint Nextel Corp (S)

Premium offered: $1.06 or 23.87%
Acquirer: S
Target: VM
Offer per share: $5.50 in stock
Value of outstanding common equity: $358,272,778
Target share price: $4.44
Expected closing: 4Q or Early 2010 12/31/2009
Annualized gain: 132.03%
Note: Sprint Nextel gets antitrust OK in late Aug. to acquire Virgin Mobile;
the exchange ratio will be subject to a collar such that in no event will
the exchange ratio be lower than 1.0630 or higher than 1.3668. The deal has
different terms for the holders from Virgin Group and SK Telecom.
Source : Dow Jones Newswires

Parallel Petroleum Corp. (PLLL), Apollo Global Management, LLC (Private)

Premium offered: $0.00 or 0.00%
Acquirer: Apollo
Target: PLLL
Offer per share: $3.15 cash
Value of outstanding common equity: $131,197,500
Target share price: $3.15
Acquirer share price: N/A
Expected closing: N/A
Annualized gain: N/A
Note: Under the terms of the deal, Apollo Global will assume or repay
Parallel’s $351M in debt and provide $283.2M in equity to complete the
transaction. PLL says in late Oct. 35.2M shares have been tendered and not
withdrawn. A subsequient offer at the same price is due to expire Oct. 29

Patriot Capital Funding Inc. (PCAP), Prospect Capital Corp. (PSEC)

Premium offered: $0.16 or 4.04%
Acquirer: PSEC
Target: PCAP
Shares offered per share: 0.3992 share
Value of offer per share: $4.12
Value of outstanding common equity: $86,314,000
Acquirer share price: $10.58
Target share price: $3.96
Expected closing: N/A
Annualized gain: N/A
Note: Prospect will pay off $110.5 million in debt from Patriot as part of
the deal.

PepsiAmericas Inc. (PAS), PepsiCo Inc. (PEP)

Premium offered: -$0.83 or -2.83%
Acquirer: PEP
Target: PAS
Offer per share: $28.50 cash
Value of outstanding common equity: $3,547,395,000
Target share price: $29.33
Expected closing: Late 2009, Early 2010 12/31/2009
Annualized gain: -14.97%
Note: Under the agreement, PAS shareholders have the option to select either
$28.50 in cash or 0.5022 shares of PEP stock

Pepsi Bottling Group Inc. (PBG), PepsiCo Inc. (PEP)

Premium offered: -$1.04 or -2.77%
Acquirer: PEP
Target: PBG
Offer per share: $36.50 cash
Value of outstanding common equity: $7,865,020,000
Target share price: $37.54
Expected closing: Late 2009, Early 2010 12/31/2009
Annualized gain: -14.65%
Note: Under the agreement, PBG shareholders have the option to select either
$36.50 in cash or 0.6432 shares of PEP stock

Perot Systems Corp. (PER), Dell Inc. (DELL)

Premium offered: $0.07 or 0.23%
Acquirer: DELL
Target: PER
Offer per share: $30.00 cash
Value of outstanding common equity: $3,627,900,000
Target share price: $29.93
Acquirer share price: $16.04
Expected closing: Dell’s Fiscal 4Q 12/16/2009
Annualized gain: 1.58%
Note: PER shareholders launched a bid to stop DELL’s bid for the IT services
provider, alleging PER board and executives failed to maximize shareholder
value and discouraged additional offers before the co reached the deal with
DELL.

Schering-Plough Corp. (SGP), Merck & Co. (MRK)

Premium offered: $0.24 or 0.82%
Acquirer: MRK
Target: SGP
Offer per share: 0.5767 share and $10.50 per share
Value of offer per share: $29.46
Value of outstanding common equity securities: $47,137,188,160
Acquirer share price: $32.88
Target share price: $29.22
Expected closing: Year End 12/31/2009
Annualized gain: 4.36%
Note: Merck and Schering Plough agreed last month to pay $41.5M to settle
lawsuits related to the drugs associated with their cholesterol joint
venture. Shareholders and the European Commission approve the deal as Merck
has already name its post-merger management team and directors

Sepracor Inc. (SEPR), Dainippon Sumitomo Pharma Co. (4506.TO)

Premium offered: $0.02 or 0.09%
Acquirer: 4506.TO
Target: SEPR
Offer per share: $23.00 cash
Value of outstanding common equity: $2,552,770,000
Target share price: $22.98
Acquirer share price: N/A
Expected closing: Fourth Quarter 11/15/2009
Annualized gain: 1.38%
Note: Dainippon Sumitomo Pharma said, on Oct. 14, that it has successfully
completed its tender offer for Sepracor.

Starent Networks Corp. (STAR), Cisco Systems Inc. (CSCO)

Premium offered: $1.28 or 3.80%
Acquirer: CSCO
Target: STAR
Offer per share: $35.00 cash
Value of outstanding common equity: $2,504,250,000
Target share price: $33.72
Acquirer share price: $24.44
Expected closing: First Half 2010 4/1/2010
Annualized gain: 8.66%

Sunair Services Corp. (SNR), Massey Services Inc. (Private)

Premium offered: $0.07 or 2.61%
Acquirer: Massey Services
Target: SNR
Offer per share: $2.75 cash
Value of outstanding common equity: $27,995,000
Target share price: $2.68
Acquirer share price: N/A
Expected closing: November 11/15/2009
Annualized gain: 41.45%

Sun Microsystems Inc. (JAVA), Oracle Corp. (ORCL)

Premium offered: $0.92 or 10.72%
Acquirer: ORCL
Target: JAVA
Offer per share: $9.50 cash
Value of outstanding common equity: $7,074,650,000
Target share price: $8.58
Acquirer share price: $22.40
Expected closing: NA
Annualized gain: NA
Note: The U.S. Justice Department cleared the way for Oracle’s acquisition
of Sun Microsystems about a month after Sun’s shareholders approved the
deal. The European Commission opened an antitrust investigation, citing
“serious concerns” the deal will stymie competition, giving the commission
until January to decide whether it will require concessions from Oracle in
order to allow the deal to move forward. The Commission later expressed
disappointment with Oracle’s cooperation in its probe

Switch & Data Facilities Co. (SDXC), Equinix Inc. (EQIX)

Premium offered: $0.30 or 1.64%
Acquirer: EQIX
Target: SDXC
Offer per share: 0.155272 share and $3.81 per share
Value of offer per share: $18.38
Value of outstanding common equity securities: $1,794,390,723
Acquirer share price: $93.82
Target share price: $18.08
Expected closing: N/A
Annualized gain: N/A
Note: Under terms of the deal, SDXC shareholders will choose either 0.19409
share of EQIX stock or $19.06 in cash, with total consideration consisting
of 80% EQIX stock and 20% cash. If holders of more than 80% of SDXC stock
choose to receive EQIX stock or if holders of more than 20% SDXC stock
choose to receive cash, the consideration will be pro-rated to achieve these
proportions. For purposes of this table, the 80% stock/20% cash ratio is
used.

Trimeris Inc. (TRMS), Arigene Co. (067850.KQ)

Premium offered: $0.03 or 0.84%
Acquirer: Arigene
Target: TRMS
Offer per share: $3.60 cash
Value of outstanding common equity: $80,460,000
Target share price: $3.57
Acquirer share price: N/A
Expected closing: Fourth Quarter 11/15/2009
Annualized gain: 13.34%
Note: Arigene starts tender offer for shares of TRMS late Oct.

Varian Inc. (VARI), Agilent Technologies Inc. (A)

Premium offered: $0.77 or 1.50%
Acquirer: A
Target: VARI
Offer per share: $52.00 cash
Value of outstanding common equity: $1,499,160,000
Target share price: $51.23
Expected closing: By Year End 12/31/2009
Annualized gain: 7.95%
Note: Boards of both companies and VARI shareholders approve deal, but the
Federal Trade Commission has asked for additional information about the
deal. Cos settle lawsuit related to the merger.

Virgin Mobile USA Inc. (VM), Sprint Nextel Corp (S)

Premium offered: $0.97 or 21.41%
Acquirer: S
Target: VM
Offer per share: $5.50 in stock
Value of outstanding common equity: $358,272,778
Target share price: $4.53
Expected closing: 4Q or Early 2010 12/31/2009
Annualized gain: 113.27%
Note: Sprint Nextel gets antitrust OK in late Aug. to acquire Virgin Mobile;
the exchange ratio will be subject to a collar such that in no event will
the exchange ratio be lower than 1.0630 or higher than 1.3668. The deal has
different terms for the holders from Virgin Group and SK Telecom

Quelle : Dow Jones Newswires