PROFILES OF OPEN DEALS - JUNE 15, 2007
Courtside Acquisition Corp. (stock symbol: CRB), which raised $82.8 million when it went public on July 1, 2005, announced on December 28, 2006 that it had reached an agreement to acquire American Community Newspapers, LLC, a group of 73 publications, comprised of 60 weekly suburban newspapers, three daily newspapers and 10 niche publications. The common shares and warrants last traded at $5.60 and $.44, respectively, giving the units, which last traded at $6.50, a value of $6.44. The units were originally priced at $6.00.
Oakmont Acquisition Corp. (stock symbol: OMAC), which raised $51.45 million when it went public on July 14, 2005, announced on August 1, 2006 that it had reached an agreement to acquire the assets of One Source Equipment Rentals LLC, a provider of industrial and construction equipment in the Midwest. The common stock and warrants last traded at $5.72 and $.73, respectively, giving the units, which last traded at $7.09, a value of $7.18. The units were originally priced at $6.00.
Healthcare Acquisition Corp. (stock symbol: HAQ),which raised $75.2 million when it went public on July 28, 2005, announced on January 18, 2007 that it had reached an agreement to acquire PharmAthene, a company engaged in the biodefense industry, specifically the discovery and development of new human therapeutics and prophylactics for the treatment and prevention of morbidity and mortality from exposure to chemical and biological weapons. The common shares and warrants last traded at $7.52 and $1.16, respectively, giving the units, which no longer trade, a value of $8.68. The units were originally priced at $8.00.
Chardan China North Acquisition Corp. (stock symbol: CNCA), which raised $$34.5 million when it went public on August 4, 2005, announced on February 2, 2006 that it was acquiring two China-based companies that sell automation systems into the Chinese market. The common stock and warrants last traded at $7.50 and $2.80, respectively, giving the units, which last traded at $13.60, a value of $13.10. The units were originally priced at $6.00.
Chardan China South Acquisition Corp. (stock symbol: CSCA), which raised $34.5 million when it went public on August 4, 2005, announced on April 14, 2007 that it was acquiring Head Dragon Holdings Limited, the largest private Chinese engineering company providing design, construction, installation, and operating expertise for distributed power generation and micro power networks in China. The common stock and warrants last traded at $8.30 and $3.32, respectively, giving the units, which last traded at $15.31, a value of $14.94. The units were originally priced at $6.00.
Ithaka Acquisition Corp. (stock symbol: ITHK), which raised $53.1 million when it went public on August 16, 2005, announced on October 4, 2006 that it had reached an agreement to acquire Alsius Corporation, a commercial-stage medical device company that develops, manufactures and sells proprietary products to precisely control patient temperature in hospital critical care settings. The common stock and warrants last traded at $5.55 and $.70, respectively, giving the units, which last traded at $7.15, a value of $6.95. The units were originally priced at $6.00.
Ad.Venture Partners, Inc. (stock symbol: AVPA), which raised $54 million when it went public on August 26, 2005, announced on March 13, 2007 that it had reached an agreement to acquire 180 Connect, Inc., one of the largest outsourced providers of technology fulfillment and integration services for the home. The common stock and warrants last traded at $5.73 and $.60, respectively, giving the units, which last traded at $7.15, a value of $6.93. The units were originally priced at $6.00.
Key Hospitality Acquisition Corporation (stock symbol: KHPA), which raised $51.6 million when it went public on October 24, 2005, announced on March 27, 2007 that it had reached an agreement to acquire Cay Clubs LLC, "...a developer and operator of premier destination resorts and properties." The common stock and warrants last traded at $7.49 and $1.20, respectively, giving the units, which last traded at $8.63, a value of $8.59. The units were originally priced at $8.00.
Paramount Acquisition Corp. (stock symbol: PMQC), which raised $58.65 million when it went public on October 24, 2006, announced on August 28, 2006 that it had reached an agreement to acquire a majority Interest in Valeritas, LLC,bb a medical technology company with a focus on the Type II diabetes market. The common shares and warrants last traded at $5.60 and $.92, respectively, giving the units, which last traded at $7.30, a value of $7.44. The units were originally priced at $6.00.
Platinum Energy Resources, Inc. (stock symbol: PGRI), which raised $115.2 million when it went public on October 25, 2005, announced on January 26, 2006, that it was acquiring Tandem Energy Holdings, an oil and gas company. The common shares and warrants last traded at $7.50 and $.55, giving the units, which last traded at $8.20, a value of $8.05. The units were originally priced at $8.00.
Endeavor Acquisition Corp. (stock symbol: EDA), which raised $129,285,960 when it went public on December 15, 2005, announced on December 18, 2006 that it was acquiring American Apparel, a leading domestic vertically-integrated manufacturer and retailer of cotton fashion basics and the largest T-shirt manufacturer in the United States. The common stock and warrants last traded at $12.73 and $6.53, respectively, giving the units, which last traded at $19.20, a value of $19.26. The units were originally priced at $8.00.
Star Maritime Acquisition Corp. (stock symbol: SEA), which raised $200 million when it went public on December 16, 2005, announced on January 12, 2007 that it had reached an agreement to acquire eight drydock carriers from TMT Co. The common stock and warrants last traded at $11.55 and $3.54, respectively, giving the units, which no longer trade, a value of $15.09. The units were originally priced at $8.00.
Argyle Security Acquisition Corp. (stock symbol: ARGL), which raised $30.6 million when it went public on January 25, 2006, announced on December 14, 2006 that it had reached an agreement to acquire ISI Security Group, a solutions provider to the physical security industry. The common shares and warrants last traded at $7.80 and $1.81, respectively, giving the units, which last traded at $9.57, a value of $9.61. The units were originally priced at $8.00.
Global Logistics Acquisition Corporation (stock symbol: GLA), which raised $88 million when it went public on February 16, 2006, announced on May 18, 2007 that it had reached an agreement to acquire The Clark Group, a "provider of mission- critical supply chain solutions to the print media industry." The common stock and warrants last traded at $7.86 and $1.21, respectively, giving the units, which last traded at $9.00, a value of $9.07. The units were originally priced at $8.00.
India Globalization Capital, Inc. (stock symbol: IGC), which raised $67,827,000 when it went public on March 3, 2006, announced on February 12, 2007 that it had reached an agreement to acquire a 57% interest in MBL Infrastructure Limited an Indian road building and maintenance contractor. It is also acquiring some wind energy assets from Chiranjjeevi Wind Energy Limited. The common stock and warrants last traded at $5.77 and $.69, respectively, giving the units, which last traded at $7.05, a value of $7.15. The units were originally priced at $6.00.
Echo Healthcare Acquisition Corp. (stock symbol: EHHA), which raised $57.5 million when it went public on March 17, 2006, announced on September 11, 2006 that it had reached an agreement to acquire XLNT Veterinary Care, Inc., an entity which owns a chain of animal hospitals. The common shares and warrants last traded at $7.75 and $1.11, respectively, giving the units, which last traded at $8.80, a value of $8.86. The units were originally priced at $8.00.
General Finance Corp. (stock symbol: GFN), which raised $69 million when it went public on April 5, 2006, announced on September 12, 2006 that it had reached an agreement to acquire Royal World Trading Australia Pty Limited, an Australian corporation engaged in the sale and leasing of portable storage containers, portable container buildings and freight containers. The common shares and warrants last traded at $7.89 and $1.90, respectively, giving the units, which last traded at $9.71, a value of $9.79. The units were originally priced at $8.00.
JK Acquisition Corp. (stock symbol: JKA), which raised $81.35 million when it went public on April 11, 2006, announced on September 7, 2006 that it had reached an agreement to acquire Multi-Shot LLC, an independent directional drilling services company with an established presence in most major producing onshore oil and gas basins in the United States. The common shares and warrants last traded at $5.88 and $.81, respectively, giving the units, which last traded at $7.40, a value of $7.50. The units were originally priced at $6.00.
HAPC, Inc., formerly Healthcare Acquisition Partners, (stock symbol: HAPN), which raised $101.3 million when it went public on April 12, 2006, announced on October 2, 2006 that it had reached an agreement to acquire InfuSystem, Inc., a nationwide leader in ambulatory infusion pump management services to oncologists. The common shares and warrants last traded at $5.85 and $.36, respectively, giving the units, which last traded at $6.53, a value of $6.57. The units were originally priced at $6.00.
Shanghai Century Acquisition Corp. (stock symbol: SHA), which raised $115 million when it went public on April 25, 2006, announced on May 28, 2007 that it had reached an agreement to acquire Sichuam Kelum Pharmaceutical, China's largest producer of IV solutions. The common stock and warrants last traded at $8.40 and $2.50, respectively, giving the units, which last traded at $11.00, a value of $10.90. The units were originally priced at $8.00.
Harbor Acquisition Corp. (stock symbol: HAC), which raised $82.8 million when it went public on April 25, 2006, announced on December 18, 2006 that it had reached an agreement to acquire Elmet Technologies, Inc., a company which provides innovative refractory metal solutions to OEMs serving such industries as data storage, semiconductor, medical, electronics and lighting. The common shares and warrants last traded at $5.61 and $.42, respectively, giving the units, which last traded at $6.25, a value of $6.25. The units were originally priced at $6.00.
H D Partners Acquisition Corporation (stock symbol: HDP), which raised $150 million when it went public on June 2, 2006, announced on May 30, 2007 that it had reached an agreement to acquire the National Hot Rod Association, the primary sanctioning body for the sport of drag racing in the United States with 140 member tracks. The common stock and warrants last traded at $7.62 and $1.12, respectively, giving the units, which last traded at $8.60, a value of $8.74. The units were originally priced at $8.00.
Millennium India Acquisition Corporation (stock symbol: MQC), which raised $58 million when it went public on July 21, 2006, announced on May 15, 2007 that it had reached an agreement to acquire a minority interest in SMC Group, a Indian leading financial services company. The common stock and warrants last traded at $7.49 and $1.00, respectively, giving the units, which last traded at $8.39, a value of $8.49. The units were originally priced at $8.00.
Information Services Group (stock symbol: III), which raised $258,750,000 when in went public on February 1, 2007, announced on April 24, 2007, that it had reached an agreement to acquire TPI, self-described as "the largest independent sourcing advisory firm in the world focusing on the design, implementation and management of sourcing strategies for major corporate clients." The common stock and warrants last traded at $7.61 and $1.07, respectively, giving the units, which last traded at $8.70, a value of $8.68. The units were originally priced at $8.00. |
