Today’s Deals: GlobalNetFinancial Bags a Broker

 IDACORP (IDA) acquires Rocky Mountain
Communications

  
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Amount:        
Undisclosed

  
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Terms:           
n/a

  
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Premium:        n/a

  
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Industry:        ISPs/Access
providers

  
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Scorecard:      C+

BOISE, Idaho, Aug. 2–IDACORP announced its
purchase of Boise-based Internet service provider Rocky Mountain
Communications, furthering IDACORP’s entry into non-utility-based
products and services. Rocky Mountain
Communications is a national Internet service provider serving more
than 25,000 subscribers primarily in the Western United States with dial up
Internet acces, ADSL Internet access, high speed leased lines and frame
relay, Voice Over IP (VOIP), and Wireless Internet Access. Financial terms
of the deal were not disclosed.




 

 NCR (NCR) to acquire 4Front Technologies
(FFTI)

  
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Amount:         $250
million

  
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Terms:           
n/a

  
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Premium:        15%

  
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Industry:       
Consultants/Designers

  
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Scorecard:      B

DAYTON, Ohio, Aug. 3–NCR Corporation
announced they it will acquire 4Front Technologies in a merger transaction for an aggregate consideration of
approximately $250 million. 4Front
Technologies, an American company headquartered in the United Kingdom,
is a fast growing provider of a full range of information technology (IT)
services, including outsourcing, hardware maintenance and help desk support
— primarily across Europe. This acquisition will strengthen NCR’s position in the services market
throughout Europe, as well as improving the utilization of NCR’s
infrastructure. Under the terms of the agreement, NCR will pay each 4Front
Technologies stockholder $18.50 per share in cash for each outstanding
share of 4Front Technologies common stock held.




 

 GlobalNetFinancial (GLBN) acquires Dalton Kent
Securities

  
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Amount:         $20
million

  
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Terms:           
1.45 million shares

  
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Premium:        n/a

  
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Industry:        Financial
services

  
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Scorecard:      C+

SANTA MONICA, Aug. 3–GlobalNetFinancial.com , an international provider of online financial news, content
and transaction execution services, announced it has acquired 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, and will complement GlobalNetFinancial’s online
financial transaction platforms and enable GlobalNetFinancial to provide a
full range of services to both U.S. and non-U.S. investors.
GlobalNetFinancial issued 1,450,000 shares of Common Stock to the former
shareholders of Dalton Kent.




 

 Internet Commerce (ICCSA) acquires Intercoastal
Data

  
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Amount:         $3.1
million

  
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Terms:           
100% stock

  
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Premium:        n/a

  
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Industry:        E-commerce
enablers

  
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Scorecard:      B-

NEW YORK, Aug. 3–Internet Commerce Corporation (“ICC”)
ICCSA, a provider of Internet e-business supply chain
connectivity, announced it has signed a definitive agreement to acquire
Intercoastal Data Corporation, a leading EDI Service Bureau which
provides a full range of EDI services for small and mid-sized companies. Intercoastal allows ICC to offer any client in the world an
e-commerce solution, even if they don’t have a computer. Under the terms of
the agreement, ICC will issue shares of common stock having a value of
approximately $3.1 million.




 

 TIBCO Software (TIBX) acquires
Extensibility

  
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Amount:         $100
million

  
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Terms:           
100% stock

  
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Premium:        n/a

  
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Industry:        Performance
software

  
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Scorecard:      A-

PALO ALTO, Aug. 3–TIBCO Software ,
provider of real-time infrastructure software for e-business, announced it
has agreed to acquire Extensibility, a leader in Extensible Markup
Language (XML) technology, in a stock transaction valued at approximately
$100 million. The addition of Extensibility to TIBCO’s current XML and schema management
software will enable TIBCO to accelerate the development of next-generation
wireless and B2B solutions.