Today’s Deals: E-Financial Services Firms Get the Urge to Merge

 GlobalNetFinancial.com (GLBN) to merge with
Telescan (TSCN)

  
* 
Amount:         $332
million

  
* 
Terms:           
100% stock

  
* 
Premium:        275%

  
* 
Industry:       
Content/Communities

  
* 
Scorecard:      B-

SANTA MONICA, Aug. 17–GlobalNetFinancial.com and Telescan announced they have
signed a definitive merger agreement. The combination will form a
vertically integrated, world class, global B2B and B2C “clicks and mortar”
Money & Finance Internet company and will boast one of the Internet’s most
extensive footprints in finance. The combined company will be named
GlobalNetFinancial.com. Under the terms of the Agreement, each share of Telescan will be exchanged for = share
of GlobalNetFinancial.com,
valued at approximately $332 million.




 

 Stockscape.com (STKSF) to acquire Silverback
Communications

  
* 
Amount:        
$550,000

  
* 
Terms:           
1.5 million shares

  
* 
Premium:        n/a

  
* 
Industry:        Financial
services

  
* 
Scorecard:      C+

VANCOUVER, Aug. 17–Stockscape.com Technologies has announced that it has executed a Letter of Intent to
acquire all of the assets of US-based Silverback Communications. The
Silverback acquisition will allow Stockscape to bring extensive database
and database management assets to its corporate customers. The purchase
price is 1,500,000 common shares of Stockscape.