Today’s Deals: HP Adds Bluestone to its Hip Pocket

3Com + Nomadic
Technologies
, HealthCentral +
more.com
, Hewlett-Packard + Bluestone
Software
, Global Sports + Fogdog, PaperExchange.com
+ BoxDirect













































 3Com (COMS) acquires Nomadic
Technologies

 

  
* 
Amount:
         $33
million

 

  
* 
Terms:
           
100% cash

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
       
Speed/Bandwidth

 

  
* 
Scorecard:
      B+

 



    SANTA CLARA, Oct. 24–3Com announced that
    it has acquired Nomadic Technologies, developers of wireless
    networking products that 3Com will incorporate into solutions for both home
    and small business customers. The Nomadic Technologies acquisition
    builds on 3Com’s strength in wireless LAN
    solutions for PCs by enabling connectivity for a wide variety of
    Ethernet-ready devices, such as Internet access appliances, printers and
    other non-PC devices. 3Com will pay Nomadic Technologies $33 million in
    cash plus the assumption of debt and other obligations.


     

 
































 Hewlett-Packard (HWP) to acquire Bluestone
Software

 

  
* 
Amount:
         $480
million

 

  
* 
Terms:
           
100% stock

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        Internet
services

 

  
* 
Scorecard:
      A-

 



    PALO ALTO, Oct. 24–Hewlett-Packard and
    Bluestone Software announced the companies have
    reached a definitive agreement under which HP will acquire Bluestone in a stock-for-stock
    strategic transaction. Bluestone is a leading provider of Internet software
    platforms, tools and technologies for business-to-business,
    business-to-consumer and mobile Internet transactions, and with this
    acquisition, HP will expand its Internet software portfolio enabling
    customers to develop and deploy applications and services that take
    advantage of the emerging services-based computing model. Bluestone
    shareowners will receive 0.2433 pre-split shares of HP common stock for
    each share of Bluestone common stock.


     

 
































 HealthCentral (HCEN) to acquire more.com
assets

 

  
* 
Amount:
         $5.1
million

 

  
* 
Terms:
           
5 million shares

 

&nbs

p; 
* 
Premium:
        n/a

 

  
* 
Industry:
        E-tailers

 

  
* 
Scorecard:
      C+

 



    EMERYVILLE, Calif., Oct 24–HealthCentral , an online provider of healthcare e-commerce and content,
    announced it has signed an agreement to acquire certain assets of the
    online health superstore more.com and its subsidiary Comfort Living,
    Inc., a 13-year-old home and personal comfort products distributor acquired
    by more.com in February 2000. The acquisition of more.com’s assets is expected to complement
    HealthCentral’s other recent
    acquisitions which includes Vitamins.com and drugemporium.com. Under the
    terms of the deal, more.com will receive 5 million shares of common stock
    from HealthCentral that will not be eligible for sale prior to March 15,
    2001.


     

 
































 Global Sports (GSPT) to acquire Fogdog
(FOGD)

 

  
* 
Amount:
         $40
million

 

  
* 
Terms:
           
4.95 million shares

 

  
* 
Premium:
        24%

 

  
* 
Industry:
        E-tailers

 

  
* 
Scorecard:
      B

 



    KING OF PRUSSIA, Pa., Oct. 24–Global Sports , a developer and operator of e-commerce businesses, and
    Fogdog , an online sporting goods store,
    announced that Global Sports has
    entered into a definitive merger agreement to acquire all of the
    outstanding shares of Fogdog. Global
    Sports plans to maximize Fogdog’s highly-recognized brand name, and its
    current base of 300,000 customers, 600,000-name e-mail database,
    48,000-member affiliate marketing program, and performance-based online
    marketing deals, while eliminating nonperformance-based marketing programs,
    including television advertising, event promotions and sponsorships. Fogdog
    stockholders will receive 0.135 of a share of Global Sports common stock
    for each share of Fogdog common stock, with the transaction approximately
    valued at $38.4 million. For more analysis, see Kelly Black’s

    Dealtracker
    article.


     

 
































 PaperExchange.com acquires BoxDirect

 

  
* 
Amount:
        
Undisclosed

 

  
* 
Terms:
           
n/a

 

  
* 
Premium:
        n/a

 

  
* 
Industry:
        E-commerce
enablers

 

  
* 
Scorecard:
      C+

 



    BOSTON, Oct. 24–PaperExchange.com, a global e-Marketplace
    and business solutions provider for the pulp and paper industry, announced
    its acquisition of BoxDirect.com, an e-Marketplace focused on the
    corrugated container and paperboard packaging industry. The BoxDirect acquisition extends PaperExchange’s planning and

    procurement services to a wider range of suppliers. In addition, buyers and
    sellers of corrugated packaging will be able to benefit from new e-business
    information management and workflow tools.


     

 

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