Merrill Market Maker

24/7 Media +
iPromotions
, CacheFlow + Springbank
Networks
, Convergys +
MAXWorldwide
, e-MedSoft.com +
VidiMedix
, GlobalNetFinancial + Dalton Kent
Securities Group
, Merrill Lynch + Herzog Heine
Geduld
, Stockwalk.com + Kinnard Investments, R.J.
Steichen
, Sycamore Networks + Sirocco
Systems
, ZiaSun Technologies + Asia Prepress Technology, Asia
Internet Services







































 Sycamore Networks (SCMR) acquires Sirocco
Systems

 

  
* 
Amount:
         $2.88
billion

 

  
* 
Terms:
           
100% stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Speed/Bandwidth

 

  
* 
Scorecard:
      A-

 



    NEW YORK, June 6–Sycamore Networks has
    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.


     

 
































 Stockwalk.com (STOK) to acquire Kinnard, R.J.
Steichen

 

  
* 
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
    Investments
    and 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.


     

 
































 24/7 Media (TFSM) acquires
iPromotions

 

  
* 
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.


     

 
































 Merrill Lynch (MER) acquires Herzog

 

  
* 
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.


     

 
































 CacheFlow (CFLO) acquires Springbank
Networks

 

  
* 
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.


     

 
































 Convergys (CVG) acquires
MAXWorldwide

 

  
* 
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.


     

 
































 GlobalNetFinancial (GLBN) to acquire Dalton Kent
Securities

 

  
* 
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.


     

 
































 e-MedSoft.com (MED) acquires
VidiMedix

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
&nbsp

;       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.


     

 
































 ZiaSun (ZSUN) to acquire Asia Prepress, Asia
Internet Services

 

  
* 
Amount:
         $2
million

 

  
* 
Terms:
           
cash and stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Content/Communities

 

  
* 
Scorecard:
      C-

 



    SOLANA BEACH, June 6–ZiaSun
    Technologies
    announced 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.


     

 

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