Today’s Deals: Cisco Announces Number 15 of the Year

Cisco Systems + NuSpeed Internet
Systems
, NetLojix Communications + Smith Technology
Solutions
, Symantec + AXENT
Technologies













































 Symantec (SYMC) acquires AXENT Technologies
(AXNT)

 

  
* 
Amount:
         $975
million

 

  
* 
Terms:
           
15.3 million shares

 

  
* 
Premium:
        75%

 

  
* 
Industry:
        Security

 

  
* 
Scorecard:
      B-

 



    CUPERTINO, July 27–Symantec and AXENT
    Technologies
    announced that their boards of
    directors have approved the acquisition of AXENT by Symantec in a stock-for-stock
    transaction valued at approximately $975 million, in which Symantec will
    issue approximately 15.3 million shares of common stock to AXENT
    shareholders. The combination of the two companies will create a new leader
    in Internet security for enterprise customers.


     

 
































 Cisco Systems (CSCO) to acquire NuSpeed Internet
Systems

 

  
* 
Amount:
         $450
million

 

  
* 
Terms:
           
100% stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Speed/Bandwidth

 

  
* 
Scorecard:
      A-

 



    SAN JOSE, July 27–Cisco Systems
    announced a definitive agreement to acquire privately-held NuSpeed
    Internet Systems
    of Maple Grove, Minnesota. NuSpeed Internet Systems’ technology
    connects storage area networks and Internet Protocol networks, and will
    enable Cisco to offer its customers a
    solution to converge data and storage networks into one infrastructure.
    Under the terms of the agreement, Cisco common stock worth an aggregate
    value of approximately $450 million will be exchanged for all outstanding
    shares and options of NuSpeed Internet Systems.


     

 
































 NetLojix Communications (NETX) to acquire Smith
Technology Solutions

 

  
* 
Amount:
        
$650,000

 

  
* 
Terms:
           
250,000 shares/$150,000 cash

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Consultants/De

signers

 

  
* 
Scorecard:
      C

 



    SANTA BARBARA, July 27–NetLojix Communications , an e-business enabler that provides network connectivity and
    technical support to the mid-size business market, announced it has entered
    into a Letter of Intent to acquire San Francisco-based Smith Technology
    Solutions
    (STS), a systems integration and technical support company
    for businesses in California. The Letter of Intent contemplates that NetLojix would acquire all the
    outstanding common stock of STS using 250,000 shares of NetLojix common
    stock and $150,000 in cash.


     

 

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