Today's Deals: ePiggyBank.com Cashes in Its Pennies

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Brocker Technology Group + Certus, DLJ + Credit Suisse First Boston, iGo + Xtend Micro Products, Intellicall + Wireless WebConnect!, Media 100 + ICE, NetLojix Communications + CWE2 Network Systems, stereoscape.com + ePiggybank.com







 DLJ (DLJ) to merge with Credit Suisse First Boston

 

   *  Amount:         $11.5 billion

 

   *  Terms:            cash and stock

 

   *  Premium:        n/a

 

   *  Industry:        Financial services

 

   *  Scorecard:      B

 


    NEW YORK, Aug. 30--Credit Suisse Group announced that they have signed a definitive agreement for the combination of Donaldson, Lufkin & Jenrette and Credit Suisse First Boston, a subsidiary of the Credit Suisse Group. The $11.5 billion transaction creates one of the world's most powerful investment banking firms and is expected to close in October of 2000. Under the terms of the transaction, DLJ public shareholders will receive $90 in cash for each share, while majority owner of DLJ, AXA Financial, will receive $5.75 billion in Credit Suisse Group stock and $2.39 billion in cash.

     

 

 iGo (IGOC) acquires Xtend Micro Products

 

   *  Amount:         $8.7 million

 

   *  Terms:            2.27 million shares/$2.5 million cash

 

   *  Premium:        n/a

 

   *  Industry:        E-tailers

 

   *  Scorecard:      C+

 


    RENO, Aug. 30--iGo Corporation, a business-to-business provider of mobile and wireless accessories via electronic commerce announced the acquisition of Xtend Micro Products, a provider of power products and accessories for the portable computer market. This acquisition not only expands iGo's product offering but also positions iGo as a compelling one stop solution for OEM's. iGo announced that it paid $2,500,000 in cash and issued 2,268,451 shares of iGo Common Stock for substantially all of the assets of Xtend.

     

 

 NetLojix Communications (NETX) to acquire CWE2 Network Systems

 

   *  Amount:         $1.4 million

 

   *  Terms:            500,000 shares/$150,000 cash

 

   *  Premium:        n/a

 

   *  Industry:        Internet services

 

   *  Scorecard:      C+

 


    SANTA BARBARA, Aug. 30--NetLojix Communications , a provider of network and hosting infrastructure, technical management and support to the mid-size business market, announced it has entered into a Letter of Intent to acquire privately-held, Chicago-based CW Electronic Enterprises (dba CWE2 Network Systems), a systems integration and technical support company for mid-size businesses in the Midwest. The Letter of Intent contemplates that NetLojix would purchase all the outstanding common stock of CWE2 using 500,000 shares of NetLojix common stock and $150,000 in cash.

     

 

 Media 100 (MDEA) acquires assets from ICE

 

   *  Amount:         Undisclosed

 

   *  Terms:            n/a

 

   *  Premium:        n/a

 

   *  Industry:        Performance software

 

   *  Scorecard:      B+

 


    MARLBORO, Mass., Aug. 30--Media 100, a provider of software, systems and services for streaming media on the Internet, announced it has acquired key technology assets and intellectual properties from ICE (Integrated Computing Engines), a provider of acceleration solutions for streaming media from the desktop. ICE acceleration technology increases the speed and quality of the compression process for streaming media content, aiding Media 100's creation and delivery of video on the Internet, DVD and CD-ROM. Terms of the asset acquisition were not disclosed.

     

 

 Intellicall (ICL) to acquire Wireless WebConnect

 

   *  Amount:         $16.5 million

 

   *  Terms:            16.4 million shares

 

   *  Premium:        n/a

 

   *  Industry:        Speed/Bandwidth

 

   *  Scorecard:      C

 


    DALLAS, Aug. 30--Intellicall announced the signing of a definitive agreement to acquire Wireless WebConnect!, a nationwide wireless Internet Service Provider. The merger will allow Intellicall to enter into the rapidly growing high-speed wireless mobile data access market. Intellicall will issue to the shareholders of Wireless WebConnect! 16,426,420 shares of common stock.

     

 

 Brocker Technology Group (BTGL) to acquire Certus

 

   *  Amount:         $1.1 million

 

   *  Terms:            100% stock

 

   *  Premium:        n/a

 

   *  Industry:        Consultants/Designers

 

   *  Scorecard:      B

 


    EDMONTON, Aug. 30--Brocker Technology Group , a business-to-business communications company, is pleased to announce that it has signed a Letter of Intent to acquire Certus Project Consulting, a management consulting company operating in the IT and telecommunication sectors of New Zealand and Australia. The consulting methodologies and frameworks that Certus brings to Brocker have tremendous global application which Brocker plans to roll out around the world, actively looking to expand its Professional Services practice in the United States, Canada and the United Kingdom. The purchase price will be based on the lesser of 1.5 times revenues or 15 times net profit before tax up to a maximum purchase price of USD $1.1 million.

     

 

 stereoscape.com (SSCP) acquires ePiggybank.com

 

   *  Amount:         $500,000

 

   *  Terms:            500,000 shares

 

   *  Premium:        n/a

 

   *  Industry:        Content/Communities

 

   *  Scorecard:      D

 


    FREEHOLD, N.J., Aug. 30--stereoscape.com announced the acquisition of ePiggybank.com, a financial Web site for kids. ePiggybank.com is a financial and educational website that instructs kids on a "learn by doing" basis to become financially literate so that they will be intelligent savers, investors and spenders as they grow up. The acquisition is the first step in a complete change of stereoscape's business plan under the direction of new CEO in which the company is changing its business plan to become a holding company. The transaction includes a payment of 500,000 stereoscape.com shares in addition to options to purchase 200,000 shares of stereoscape.com common stock at $1.00 per share.

     

 





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