Updated list, with some new additions (CARL completed, VIAS acquisition terminated):
CASH ONLY
AAC - $4.90 offer, projected close end of 1st quarter.
AATT - $25.50 offer, should close soon.
ATPX - $12.75 unofficial offer, fed fraud issue, projected close by end of June....big spread, but high risk regarding completion.
COOK - $5.25 offer, no other info.
DENT - $9.50 offer, projected 1st quarter close.
GIBG - $10.25 offer, DOJ requested additional info, tender currently expires February 3rd (may be extended).
HERBA/HERBB - $17.81 offer, financing not in place and not enough tendered yet, extended to February 14th (and could be extended again, personal opinion is this gets completed in February).
KROG - $18 offer, projected February close.
LUCK - $12 offer, shareholder vote in February, anticipated close 1st half 2000.
PLAY - $8.50 offer, PLAY shareholders have approved...still awaiting regulatory approval.
TFH - $6.03, expected shareholder meeting sometime, very small cap.
TSII - $15.25 offer, can walk away if no financing by end of January, late April shareholder meeting expected.
WDN - $23.14 offer, shareholder vote soon, possible mid-late February close.
CASH AND STOCK
BOSS - 1.25 shares MAK; $13.50 cash (up to 50%), late February vote.
CTZ - $52 share cash and FNF stock, collar on FNF, anticipated close 1st Qtr 2000....votes in early February...still undecided on whether will be $52 or less due to collar...but CTZ could walk away if less than $52 (which I find unlikely given the market conditions).
NVX - $7, $6.97 BAX stock, depends on drug approval.
STRX - $10.50 minimum, could be up to 50% cash, .525 shares WAXS.....no official announcement yet.
HRD - $79, shareholder meeting February 10th.
PALX - $9 cash and IFCO stock, not comfortable with proposed capital structure.
PBSF - $29, about 50/50 cash/stock with CYN.
STOCK ONLY
TWX - 1.5 shares of AOL for each TWX, expected close by year end.
FFD - .3164 shares of CCL for each FFD, expected completion by June.
SPRI - 1.085 shares of LEAP for each SPRI (small cap).
TVGIA - .6573 shares of GMST for each TVGIA.
UMG - Depends on T stock and UMG shareholder preferences, awaiting regulatory approval.
Other Potential Plays (i.e., in limbo or spinoff or arb related): AVDO, SIMN, THX, DZTK/PFSW, IDTC/NTOP, MKTY/PLUG.
KJ |
