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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (1934)	2/26/2008 11:25:05 AM
From: richardred	Read Replies (1) \| Respond to of 7265

Danish Defence Acquisition and Logistics Organization Terminate Contract with Saab Tuesday February 26, 10:12 am ET STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News: The Danish Defence Acquisition and Logistics Organization (FMT), yesterday terminated a contract with Saab (STO:SAABB) regarding a Command and Control System called DACCIS, aimed for the Danish Army. The FMT has also claimed Saab for some DDK 143 million. Development of the current version of DACCIS has been ongoing for three years. During the negotiation of an amendment, Saab and FMT have had different perspectives of the prerequisites, however it’s Saab’s belief that the amendment now can be implemented according to FMT’s specifications and that the development can continue in a dialog with the FMT. Saab does not see any ground to terminate the contract. Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers’ changing needs. Saab AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 15.50 on February 26, 2008. This information was brought to you by Cision newsroom.cision.com biz.yahoo.com BAE SYSTEMS RECEIVES CONTRACT FROM DANISH DEFENCE ACQUISITION FOR LEMUR 20 Mar 2007 \| Ref. 080 KARLSKOGA, Sweden – BAE Systems has received a SEK 330 million (approximately $50 million) contract from the Danish Defence Acquisition and Logistic Organisation to provide the Remotely Controlled Weapon Station to the armed forces’ newly purchased vehicles, Piranha III and Eagle IV. “LEMUR is a system that uses the latest technology for soldiers in all scenarios, day-night and into UN operations around the globe for the Danish forces in order to protect the user from being exposed outside the vehicle,” said BAE Systems product director Tomas Erlandsson. Deliveries will begin in May 2007 and are expected to be completed by fall 2008. All assembly, final testing and delivery will take place at the DALO workshop in Hjörring and Fredrikshamn Denmark. LEMUR is a fully stabilized remotely controlled weapon station that can fit either a 12.7 mm machine gun or a 40 mm grenade launcher. The system is equipped with a thermal infrared camera coupled with a day camera and laser range finder. The system is splinter protected and operated by a gunner through a color display and a two-hand control handle. The system can carry 300 rounds of 12.7 mm or 48 rounds of 40 mm ready to fire. According to Erlandsson, the system is also modular designed in order to fit applications from wheeled or tracked combat vehicles to naval protection system and as a sensor and fire control system for other weapons. About BAE Systems BAE Systems is a global defense and aerospace company, delivering a full range of products and services for air, land, and naval forces, as well as advanced electronics, information technology solutions, and customer support services. BAE Systems, with 88,000 employees worldwide, had 2006 sales that exceeded $25 billion. baesystems.com

To: richardred who wrote (1934)	3/11/2008 12:11:21 PM
From: richardred	Respond to of 7265

GAMCO Approved as M&A Fund Advisor Tuesday March 11, 8:00 am ET RYE, N.Y.--(BUSINESS WIRE)--GAMCO Investors, Inc. and AXA Enterprise Funds announced today that GAMCO’s Gabelli Funds, LLC was approved by shareholders as investment advisor to the Enterprise Mergers and Acquisitions Fund (the “Fund”), a Fund that GAMCO helped launch and has sub-advised since February 28, 2001. The GAMCO portfolio management team has been in place since the Fund’s inception. Enterprise Fund Distributors, Inc. will continue to serve as the Fund’s distributor. The Fund specializes in investing in companies that are the subject to mergers, takeovers or buyouts. When such deals are announced, there is an opportunity for “merger arbitrage” or investing in a target company’s stock until the deal closes. This strategy aims to capitalize on the spread between the price of the target company’s shares from the time the deal is announced until its closing. At least two thirds of the Fund’s assets would be invested in such manner and, the remainder of the portfolio would be invested in companies that the Advisor believes are potential acquisition targets. Investing in a fund that specializes in mergers and acquisitions offers distinct advantages to retail investors. First, the performance of M&A funds tends to have a lower correlation with the overall stock market and yields better results in bear markets than traditional equity funds. The funds may also benefit as the number of deals increases amid industry consolidation. Investors benefit from the skills of professional money managers who have the experience, expertise, research resources, time and patience to obtain positive results. A mutual fund offers retail investors the best way to benefit from M&A arbitrage strategies. The Fund focuses its overall investment strategy on merger and acquisition arbitrage to achieve total returns that are attractive to investors seeking positive returns in various market conditions without excessive risk of capital. The Fund invests in securities involved in announced mergers and acquisitions to achieve a positive return not correlated to the overall market by capturing the spread between the purchase price and the ultimate acquisition price on specific equity investments. The terms of the transaction are confidential. The Fund has approximately $400 million in net assets. Investors should consider the investment objectives, risks, sales charges and expense of the Fund carefully before investing. The prospectus contains more information about this and other matters and should be read carefully before investing. The Fund’s investments are subject to market, economic, and business risks that cause their prices to fluctuate. Because the Fund invests in announced mergers or acquisitions, the Fund is subject to the risk that the announced merger or acquisition may not be completed, may be negotiated at a less attractive price, or may not close on the expected date. The Fund may not achieve its objective and you may lose money by investing in the Fund. You can obtain a free prospectus by mail or the toll-free number as follows: Enterprise Fund Distributors, Inc. Atlanta Financial Center 3343 Peachtree Road, N.E., Suite 450 Atlantic, Georgia 30326 – 1022 or at 1-800-432-4320. GAMCO Investors, Inc., through its subsidiaries, manages private advisory accounts (GAMCO Asset Management Inc.), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Gabelli Securities, Inc.). As of September 30, 2007, GAMCO had approximately $31.6 billion in assets under management. Contact: GAMCO Investors, Inc. Regina M. Pitaro, 914-921-5025 www.gabelli.com Source: GAMCO Investors, Inc. biz.yahoo.com