PROFILES OF OPEN DEALS – MARCH 28, 2008
Jaguar Acquisition Corporation (stock symbol: JGAC), which raised $28,300,002 when it went public on April 10, 2006, announced on October 31, 2007 that it had reached an agreement to acquire China Cablecom Ltd., a cable network operator in China. The shareholder meeting has been scheduled for April 9, 2008. The common shares and warrants last traded at $6.60 and $1.64, respectively, giving the units, which last traded at $10.00, a value of $9.88. The units were originally priced at $6.00.
Asia Automotive Acquisition Corp. (stock symbol: AAAC), which raised $40,250,000 when it went public on April 12, 2006, announced on July 24, 2007 that it had reached an agreement to acquire Hunan TX Enterprise Co., Ltd., “the largest independent Chinese supplier of Engineered Vehicle Body Structures ("EVBS") capable of providing products for both light and commercial vehicles in addition to designing, fabricating and testing dies used to stamp automotive body panels.” The shareholder meeting has been scheduled for April 4, 2008. The common shares and warrants last traded at $7.55 and $1.75, respectively, giving the units, which last traded at $9.20, a value of $9.30. The units were originally priced at $8.00.
Global Services Partners Acquisition Corp. (stock symbol: GSPA and GSPAB), which raised $34,109,000 when it went public on April 20, 2006, announced on October 24, 2007, that it had reached an agreement to acquire a company subsequently identified as Southpeak Interactive, self-described as “a fast growing video game publisher with a unique production model that exclusively utilizes independent studios to source and produce innovative video games.” The company will be required to liquidate if it does not complete the transaction by April 25, 2008. The Class A common shares and Class W warrants last traded at $1.34 and $.20, respectively, giving the Class A units (consisting of two Class A common shares and ten Class W warrants), which last traded at $5.40, a value of $3.34. The Class B common shares and Class Z warrants last traded at $5.20 and $.30, respectively giving the Class B units (consisting of two Class B common shares and two Class L warrants), which last traded at $10.60, a value of $11.00. The Class A and Class B units were originally priced at $10.50 and $10.10, respectively.
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. On February 20, 2008, the company announced that it had terminated its agreement to acquire Sichuam Kelum and had signed a definitive agreement to acquire New Goal International, a company "engaged in the structured and specialized financial leasing business in the People’s Republic of China." The shareholder vote is scheduled for March 27, 2008. The common stock and warrants last traded at $7.60 and $.33, respectively, giving the units, which last traded at $7.81, a value of $7.93. The units were originally priced at $8.00.
Ascend Acquisition Corp. (stock symbol: ASAQ), which raised $41,400,000 when it went public on May 12, 2006, announced on July 31, 2007 that it had reached an agreement to acquire e.PAK Resources (S) Pte. Ltd., a full-service supplier of semiconductor transfer and handling products. The company, which must complete the transaction by May 17, 2008, filed its preliminary proxy materials on February 1, 2008. The common stock and warrants last traded at $5.80 and $.07, respectively, giving the units, which last traded at $5.93, a value of $5.94. The units were originally priced at $6.00.
Community Bankers Acquisition Corp. (stock symbol: BTC), which raised $60 million when it went public on June 5, 2006, announced on September 6, 2007 that it had reached an agreement to acquire TransCommunity Financial Corporation, a community oriented Virginia based banking organization. The shareholder meeting has been scheduled for April 25, 2008. The common stock and warrants last traded at $7.50 and $.22, respectively, giving the units, which last traded at $7.60, a value of $7.72. The units were originally priced at $8.00.
Affinity Media International Corp. (stock symbol: AFMI), which raised $20,475,000 when it went public on June 6, 2006, announced on July 25, 2007 that it had reached an agreement to acquire Hotels At Home, a publisher of in-room retail catalogues and hotel-branded e-commerce Web sites for luxury hotels and resorts worldwide. While the company has filed its preliminary proxy materials, it has not yet set a date for its shareholder meeting. The common stock and warrants last traded at $5.90 and $.08, respectively, giving the units, which last traded at $5.95, a value of $6.06. The units were originally priced at $6.00.
Israel Growth Partners Acquisition Corp. (Class A stock symbol: IGPAA; Class B stock symbol: IGPAB), which raised $56,218,050 when it went public on July 19, 2006, announced on January 14, 2008 that it had signed an agreement to acquire Negetech, Ltd., high-tech company headquartered in Israel. The Class A common shares and Class W warrants last traded at $.60 and $.05, respectively, giving the Class A units (consisting of two common shares and ten Class W warrants), which last traded at $2.00, a value of $1.70. The Class B common shares and Class Z warrants last traded at $5.12 and $.14, respectively, giving the Class B units (consisting of two common shares and two Class Z warrants), which last traded at $10.70, a value of $10.52. The Class A and Class B units were originally priced at $8.50 and $10.10, respectively.
Energy Infrastructure Acquisition Corp. (stock symbol: EII), which raised $217,503,980 when it went public on July 20, 2006, announced on December 3, 2007 that it had reached an agreement to acquire nine large crude oil carriers. The company has not yet filed its preliminary proxy materials. The common stock and warrants last traded at $9.95 and $.39, respectively, giving the units, which no longer trade, a value of $10.34. The units were originally priced at $10.00.
Marathon Acquisition Corp. (stock symbol: MAQ), which raised $320,286,200 when it went public on August 25, 2006, announced on March 24, 2008 that it had reached an agreement to acquire a majority interest in Global Ship Lease, a containership charter company. The common stock and warrants last traded at $7.71 and $.58, respectively, giving the units, which last traded at $8.28, a value of $8.29. The units were originally priced at $8.00.
Energy Services Acquisition Corp. (stock symbol: ESA), which raised $51.6 million when it went public on August 30, 2006, announced on January 24, 2008 that it had signed agreements to acquire GasSearch Drilling Services Corporation, a company involved in the business of drilling and servicing oil wells, and S.T. Pipeline, Inc., a company engaged in servicing the oil and gas industry primarily through the installation and repairs of pipelines. While the company has filed its preliminary proxy materials, it has not yet set a date for the shareholder meeting. The common stock and warrants last traded at $5.75 and $.85, respectively, giving the units, which last traded at $7.35, a value of $7.35. The units were originally priced at $6.00.
Rhapsody Acquisition Corp. (stock symbol: RPSD), which raised $41.4 million when it went public on October 10, 2006, announced on February 20, 2008 that it had reached an agreement to merger with Primoris Corporation, a specialty contractor and engineering firm. The common stock and warrants last traded at $7.90 and $2.15, respectively, giving the units, which last traded at $10.30, a value of $10.15. The units were originally priced at $8.00.
Fortissimo Acquisition Corp. (stock symbol: FSMO), which raised $27,210,000 when it went public on October 12, 2006, announced on January 15, 2008 that it had reached an agreement to acquire Pysop, Inc., self-described as “an award-winning provider of design based 3D animation, innovative visual effects and digital content for the advertising market.” While the company has filed its preliminary proxy materials, it has not set a date for the shareholder meeting. The common stock and warrants last traded at $5.83 and $.22, respectively, giving the units, which last traded at $6.15, a value of $6.17. The units were originally priced at $6.00.
NTR Acquisition Corp. (stock symbol: NTQ), which raised $245,572,050 when it went public on January 31, 2007, announced on November 5, 2007 that it had reached an agreement to acquire Kern Oil & Refining Co., an independent petroleum refining and marketing company. While the company has filed its preliminary proxy materials, it has not yet set a date for its shareholder meeting. The common stock and warrants last traded at $9.57 and $.22, respectively, giving the units, which last traded at $9.85, a value of $9.79. The units were originally priced at $8.00.
Union Street Acquisition Corp. (stock symbol: USQ), which raised $100 million when it went public on February 6, 2007, announced on February 27, 2008 that it had reached agreements to acquire RAZOR Strategy Consultants, LLC, self-described as a "a rapidly growing direct and interactive retail marketing agency" and Archway Marketing Services, self-described as a "a leading provider of Marketing Operations Management solutions." The company has not yet filed its preliminary proxy materials. The common stock and warrants last traded at $7.87 and $.17, respectively, giving the units, which last traded at $7.79, a value of $8.04. The units were originally priced at $8.00.
Hyde Park Acquisition Corp. (stock symbol: HYQR), which raised $103.5 million when it went public on March 8, 2007, announced on March 6, 2008 that it had reached an agreement to acquire Essex Crane Rental Corp, self-described as "the largest specialized fleet of lattice-boom crawler cranes and attachments in North America." The company has not yet filed its preliminary proxy materials. The common stock and warrants last traded at $7.66 and $1.32, respectively, giving the units, which last traded at $9.15, a value of $8.98. The units were originally priced at $8.00.
Tailwind Financial, Inc. (stock symbol: TNF), which raised $100 million when it went public on April 12, 2007, announced on January 8, 2008 that it had reached an agreement to acquire Asset Alliance Corporation, self-described as “a multi-faceted investment management firm specializing in alternative investments.” The common stock and warrants last traded at $7.67 and $.15, respectively, giving the units, which last traded at $7.83, a value of $7.82. The units were originally priced at $8.00.
MBF Healthcare Acquisition Corp. (stock symbol: MBH), which raised $172.5 million when it went public on April 18, 2007, announced on February 7, 2008 that it had signed a definitive agreement to acquire Critical Homecare Solutions, self-described as “a leading provider of comprehensive home infusion therapy and specialty infusion services. The company has not yet filed its preliminary proxy materials. The common stock and warrants last traded at $7.70 and $.24, respectively, giving the units, which last traded at $7.90, a value of $7.94. The units were originally priced at $8.00.
Vector Intersect Security Acquisition Corp. (stock symbol: VTRQ), which raised $55.8 million when it went public on April 26, 2007, announced on February 14, 2008 that it had signed a definitive agreement to acquire Cyalume Light Technologies, self-described as "a leading provider of safety, security and training products for the US military and other militaries." The company has not yet filed its preliminary proxy materials. The common stock and warrants last traded at $7.55 and $.32, respectively, giving the units, which last traded at $7.90, a value of $7.87. The units were originally priced at $8.00.
Vantage Energy Services, Inc (stock symbol: VTG), which raised $276 million when it went public on May 24, 2007, announced on August 30, 2007 that it had signed a definitive agreement to acquire four “ultra-premium jackup rigs.” While the company has filed its preliminary proxy materials, it has not yet set a date for its shareholder meeting. The common stock and warrants last traded at $7.40 and $.60, respectively, giving the units, which last traded at $7.86, a value of $8.00. The units were originally priced at $8.00.
Apex Bioventures Acquisition (stock symbol: PEX), which raised $69 million when it went public on June7, 2007, announced on February 6, 2008 that it had signed a definitive agreement to acquire Dynogen Pharmaceuticals, self-described as a “clinical-stage biopharmaceutical company developing innovative treatment for gastrointestinal and genitourinary disorders.” The company has not yet filed its preliminary proxy materials. The common stock and warrants last traded at $7.40 and $.25, respectively, giving the units, which last traded at $7.73, a value of $7.65. The units were originally priced at $8.00.
Alternative Asset Management Acquisition (stock symbol: AMV), which raised $414 million when it went public in July 2007, announced on March 13, 2008 that it had signed an agreement to acquire Halcyon Asset Management, self-described as "a leading global alternative asset management firm with approximately $11.5 billion in assets under management." The company has not yet filed its preliminary proxy materials. The common stock and warrants last traded at $9.48 and $.64, respectively, giving the units, which last traded at $10.25, a value of $10.12. The units were originally priced at $10.00.
Global BPO Services Corp. (stock symbol: OOO), which raise $250 million when it went public on October 18, 2007, announced on January 28, 2008 that it had signed a definitive agreement to acquire Stream Holdings Corporation, self-described as “a leader in providing global customer relationship management and other business process outsourcing services to Fortune 100 companies.” While the company has filed its preliminary proxy materials, it has not yet set a date for the shareholder meeting. The common stock and warrants last traded at $7.39 and $.20, respectively, giving the units, which last traded at $7.70, a value of $7.59. The units were originally priced at $8.00. |
