Merrill Market Maker

  
* 
Amount:         $2.88
billion

  
* 
Terms:           
100% stock

  
* 
Premium:        n/a

  
* 
Industry:       
Speed/Bandwidth

  
* 
Scorecard:      A-

• 
  
• 
  NEW YORK, June 6–Sycamore Networkshas
  agreed to buy closely held Sirocco Systems for about $2.88 billion
  in stock. Chelmsford, Mass.-based Sycamore Networks makes optical
  networking equipment, while Sirocco
  Systems, based in Wallingford, makes devices which allow the high-speed
  optical networks to connect with existing telecommunications equipment.
  Together the two companies will be able to serve both cities, which need
  high-capacity and high-speed communications, and suburban areas, where
  custome
• rs need to be able to connect with the “core” network.
• 
  
•  

  
* 
Amount:         $90
million

  
* 
Terms:           
cash and stock

  
* 
Premium:        n/a

  
* 
Industry:        Financial
services

  
* 
Scorecard:      C+

• 
  
• 
  MINNEAPOLIS, June 6–Stockwalk.com Group
  will acquire the brokerage and investment banking firms Kinnard
  Investmentsand R.J. Steichen & Co. in deals
  worth a total of about $90 million.
  Each Kinnard share will be
  exchanged for $6 cash and one-half share of Stockwalk common. Based on the 4.9
  million Kinnard shares outstanding, the deal is worth $51.5 million in cash
  and stock. In the Steichen deal,
  the sole shareholder of the privately-held firm will receive 4.3 million
  shares of restricted Stockwalk common stock, plus up to an additional two
  million shares based on Steichen’s operations during the two years
  following completion of the deal. The transaction is valued at about $38.7
  million before the additional shares.
• 
  
•  

  
* 
Amount:  

      
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:       
Advertising/Marketing

  
* 
Scorecard:      B-

• 
  
• 
  NEW YORK, June 6–24/7 Media, one of the
  largest global Internet media and technology companies, announced the
  purchase of iPromotions, the market leader in incentive marketing
  programs designed to increase ROI for online marketers. The iPromotions acquisition adds online
  sweepstakes, incentive offers, premiums, contests, and viral marketing
  programs to 24/7 Media’s full suite
  of Internet marketing solutions, which includes ad serving, opt-in e-mail
  marketing and online rewards programs.
• 
  
•  

  
* 
Amount:         $913.8
million

  
* 
Terms:           
8.5 million shares

  
* 
Premium:        n/a

  
* 
Industry:        Fin

ancial
services

  
* 
Scorecard:      B+

• 
  
• 
  NEW YORK, June 6–Merrill Lynch and Co., the
  No. 1 U.S. brokerage, said it will buy Nasdaq market maker Herzog Heine
  Geduld in a stock deal valued at about $913.8 million in hopes of
  increasing its online trade share. As part of the deal, Merrill said in a statement it will issue 8.5
  million shares in exchange for Herzog,
  the No. 3 Nasdaq marketmaker. The deal, which will expand the number of
  Nasdaq and other over-the-counter stocks where Merrill makes markets from
  650 to 8,000, is expected to close in the third quarter.
• 
  
•  

  
* 
Amount:         $180
million

  
* 
Terms:           
100% stock

  
* 
Premium:        n/a

  
* 
Industry:        Internet
services

  
* 
Scorecard:      B

• 
  
• 
  SUNNYVALE, June 6–CacheFlow, a leading
  provider of Internet caching appliances and content management services,
  announced that it has acquired privately-held Springbank Networks of
  Palo Alto, CA. The stock transaction is valued at approximately $180
  million. Springbank’s specialized
  hardware technology will deliver a highly scaleable caching architecture by
  combining the strengths of custom silicon with core optimization fo
• r
  streaming, HTTP and other web protocols. The integration of this technology
  into CacheFlow’s award-winning
  content delivery appliances will further differentiate CacheFlow’s
  offerings within the rapidly expanding content acceleration, distribution
  and management markets.
• 
  
•  

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:        Performance
software

  
* 
Scorecard:      B-

• 
  
• 
  CINCINNATI, June 6–Convergys Corporation
  announced the acquisition of MAXWorldwide LLC, a privately-held,
  Herndon, Virginia-based company that designs and operates innovative and
  unique customer loyalty programs for Fortune 500 corporations. Convergys will use MAXWorldwide’s capabilities to
  expand its customer relationship management (CRM) solution set to provide
  programs that combine the services of these subject matter experts with
  interactive web pages (eCRM) to help increase customer satisfaction,
  retention, and loyalty to reduce churn, and to increase profitability.
• 
  
•  

  
* 
Amount:         $25
million

  
* 
Terms:           
1.45 million shares

  
* 
Premium:        n/a

  
* 
Industry:        Financial
services

  
* 
Scorecard:      C+

• 
  
• 
  SANTA MONICA, June 6–GlobalNetFinancial.com, a rapidly expanding international provider of online
  financial news, content and transaction execution services, announced it
  has entered a letter of intent to acquire 100% of the outstanding stock of
  Dalton Kent Securities Group. Based in New York, Dalton Kent is a
  full service broker dealer offering stocks, bonds, options and mutual funds
  catering to both U.S. and non-U.S. investors. Upon closing, GlobalNetFinancial will issue
  1,450,000 shares of common stock to Dalton Kent.
• 
  
•  

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry: 

;       E-commerce
enablers

  
* 
Scorecard:      C+

• 
  
• 
  JACKSONVILLE BEACH, June 6–e-MedSoft.com, a
  leading provider of comprehensive healthcare portal solutions, has acquired
  privately held VidiMedix. The VidiMedix acquisition creates the first
  integrated health management and clinical application service provider
  (ASP), building on e-MedSoft.com’s
  expanding position in the e-health services sector.
• 
  
•  

  
* 
Amount:         $2
million

  
* 
Terms:           
cash and stock

  
* 
Premium:        n/a

  
* 
Industry:       
Content/Communities

  
* 
Scorecard:      C-

• 
  
• 
  SOLANA BEACH, June 6–ZiaSun
  Technologiesannounced it is acquiring two
  companies, Asia Prepress Technology, an Internet-based provider of
  electronic book and document conversion and data entry services, and
  Asia Internet Services, an Internet-based provider of background
  customer service for its client’s Web sites. The combined cash and stock
  transaction value is approximately $2 Million.
• 
  
•