In the news...

SEOUL, Korea, March 5, 2007 /PRNewswire-FirstCall via COMTEX/ -- Spansion Inc. (SPSN), the world's largest pure-play provider of Flash memory solutions, today announced that it has received the Best Supplier of the Year 2006 Award from Samsung Electronics Co., Ltd. Spansion was the only NOR Flash memory supplier selected. Spansion also won the award in 2005 and in 2001 under AMD, and received the Most Valued Partner prize from the Mobile and Communication Division in 2004......

NEW YORK, Mar 05, 2007 (BUSINESS WIRE) -- FORTUNE magazine announced today that General Electric tops its 25th annual list of America's Most Admired Companies, the second consecutive year the Fairfield, Connecticut-based conglomerate has topped the list. General Electric is one of only two companies, along with Johnson & Johnson, who were on FORTUNE's first ever most admired list and appear in the top ten 25 years later. Following GE is Starbucks at No. 2, displacing FedEx (No. 6.), and Toyota Motor at No. 3, bumping Southwest Airlines (No. 5). One common theme among the top three most admired companies is their focus on environmental initiatives. FORTUNE senior writer Anne Fisher writes in her introduction to the list, "In 1982, the year of the first FORTUNE survey of corporate reputations, green was just the color of money. These days 'green' means something more. The three most admired companies this year--General Electric, Starbucks, and Toyota--are building their growth at least partly on strategies and products aimed at helping preserve the planet." The list and related stories appear in the March 19 issue of FORTUNE, on newsstands March 12 and are currently available online....


Stock price data source: Thomson One

Adesa Inc. (KAR), Kelso & Co./GS Capital Partners group

Premium offered: $0.47 or 1.7%
Acquirer: Kelso/GS Capital group
Target: KAR
Offer per share: $27.85 cash
Value of outstanding common equity: $2,503,715,000
Target share price: $27.38
Expected closing: Second quarter 5/15/2007
Annualized gain: 8.8%


Agere Systems Inc. (AGR), LSI Logic Corp. (LSI)

Premium offered: $0.11 or 0.5%
Acquirer: LSI
Target: AGR
Shares offered per share: 2.16 shares
Value of offer per share: $21.43
Value of outstanding common equity: $3,636,195,840
Acquirer share price: $9.92
Target share price: $21.32
Expected closing: Late first quarter 3/31/2007
Annualized gain: N/A


Altiris Inc. (ATRS), Symantec Corp. (SYMC)

Premium offered: $0.45 or 1.4%
Acquirer: SYMC
Target: ATRS
Offer per share: $33 cash
Value of outstanding common equity: $973,500,000
Target share price: $32.55
Acquirer share price: $16.89
Expected closing: Second quarter 5/15/2007
Annualized gain: 7.1%


Bandag Inc. (BDG), Bridgestone Americas Holding Inc.

Premium offered: $0.11 or 0.2%
Acquirer: Bridgestone Americas
Target: BDG
Offer per share: $50.75 cash
Value of outstanding common equity: $989,625,000
Target share price: $50.64
Expected closing: Early second quarter 4/1/2007
Annualized gain: 2.9%


Biomet Inc. (BMET), Blackstone Group consortium

Premium offered: $1.81 or 4.3%
Acquirer: Blackstone Group consortium
Target: BMET
Offer per share: $44 cash
Value of outstanding common equity: $10,775,600,000
Target share price: $42.19
Expected closing: Late October 10/31/2007
Annualized gain: 6.5%


Caremark Rx Inc. (CMX), CVS Corp. (CVS)

Premium offered: -$9.16 or -15.1%
Acquirer: CVS
Target: CMX
Shares offered per share: 1.67 shares
Value of offer per share: $51.69
Value of outstanding common equity: $22,064,967,563
Acquirer share price: $30.95
Target share price: $60.85
Expected closing: First quarter
Annualized gain: N/A
Note: On Dec. 18, Express Scripts Inc. (ESRX) offered to acquire Caremark for $26 billion in cash and stock, or $58.50 a share. On Feb. 13, CVS raised its offer for Caremark by increasing a cash dividend to shareholders to $6 a share from $2.

CBOT Holdings (BOT), Chicago Mercantile Holdings Inc. (CME)

Premium offered: $2.21 or 1.4%
Acquirer: CME
Target: BOT
Shares offered per share: 0.3006 share
Value of offer per share: $163.22
Value of outstanding common equity: $8,617,845,629
Acquirer share price: $542.97
Target share price: $161.01
Expected closing: Mid-year 2007 6/15/2007
Annualized gain: 4.9%


Clear Channel Communications Inc. (CCU), Thomas H. Lee Partners L.P./Bain
Capital Group

Premium offered: $1.53 or 4.2%
Acquirer: Lee/Bain Group
Target: CCU
Offer per share: $37.60 cash
Value of outstanding common equity: $18,566,880,000
Target share price: $36.07
Expected closing: Late 2007 12/31/2007
Annualized gain: N/A
Note: The deal has a total value of about $26.7 billion, including assumption of $8 billion of net debt.

Commonwealth Telephone Enterprises (CTCO), Citizens Communications Co. (CZN)

Premium offered: $0.12 or 0.3%
Acquirer: CZN
Target: CTCO
Offer per share: 0.768 share and $31.31 per share
Value of offer per share: $42.56
Value of outstanding common equity securities: $897,960,296
Acquirer share price: $14.65
Target share price: $42.44
Expected closing: Mid-year 2007 6/15/2007
Annualized gain: 1%

Delta & Pine Land Co. (DLP), Monsanto Co. (MON)

Premium offered: $1.21 or 3%
Acquirer: MON
Target: DLP
Offer per share: $42 cash
Value of outstanding common equity: $1,507,800,000
Target share price: $40.79
Acquirer share price: $50.91
Expected closing: N/A
Annualized gain: N/A


Duquesne Light Holdings (DQE), Macquarie Infrastructure group

Premium offered: -$0.08 or -0.4%
Acquirer: Macquarie group
Target: DQE
Offer per share: $20 cash
Value of outstanding common equity: $1,568,000,000
Target share price: $20.08
Expected closing: First quarter
Annualized gain: N/A
Note: Including debt, the transaction value is about $3.15 billion.

ElkCorp. (ELK), Building Materials Corp of America

Premium offered: $0.17 or 0.4%
Acquirer: Building Materials
Target: ELK
Offer per share: $43.50 cash
Value of outstanding common equity: $896,100,000
Target share price: $43.33
Expected closing: March 29
Annualized gain: N/A


First Republic Bank (FRC), Merrill Lynch & Co. (MER)

Premium offered: $1.40 or 2.6%
Acquirer: MER
Target: FRC
Offer per share: $55 cash & stock
Value of outstanding common equity: $1,699,500,000
Target share price: $53.60
Acquirer share price: $81.29
Expected closing: Third quarter 8/15/2007
Annualized gain: 5.85%


Four Seasons Hotels Inc. (FS), Cascade Investment LLC consortium

Premium offered: $0.93 or 1.15%
Acquirer: Cascade group
Target: FS
Offer per share: $82 cash
Value of outstanding common equity: $3,017,600,000
Target share price: $81.07
Expected closing: Second quarter 5/15/2007
Annualized gain: 5.9%


Giant Industries Inc. (GI), Western Refining Inc. (WNR)

Premium offered: $1.70 or 2.3%
Acquirer: WNR
Target: GI
Offer per share: $77 cash
Value of outstanding common equity: $1,124,200,000
Target share price: $75.30
Acquirer share price: $29.42
Expected closing: First quarter
Annualized gain: N/A


Genesis HealthCare Corp. (GHCI), Formation Capital/JER Partners

Premium offered: $0.60 or 1%
Acquirer: Formation/JER
Target: GHCI
Offer per share: $63 cash
Value of outstanding common equity: $1,241,100,000
Target share price: $62.40
Expected closing: N/A
Annualized gain: N/A


Harrah's Entertainment Inc. (HET), Apollo/Texas Pacific group

Premium offered: $5.83 or 6.9%
Acquirer: Apollo/Texas Pacific group
Target: HET
Offer per share: $90 cash
Value of outstanding common equity: $16,740,000,000
Target share price: $84.17
Expected closing: Late 2007 12/31/2007
Annualized gain: 8.4%


Houston Exploration Co. (THX), Forest Oil Corp. (FST)

Premium offered: $0.54 or 1.1%
Acquirer: FST
Target: THX
Offer per share: 0.84 share and $26.25 per share
Value of offer per share: $52.08
Value of outstanding common equity securities: $1,463,565,996
Acquirer share price: $30.75
Target share price: $51.54
Expected closing: Second quarter 5/15/2007
Annualized gain: 5.4%


Hub International Ltd. (HBG), Apax Partners/Morgan Stanley

Premium offered: $0.96 or 2.5%
Acquirer: Apax, Morgan Stanley
Target: HBG
Offer per share: $40 cash
Value of outstanding common equity: $1,584,000,000
Target share price: $39.04
Expected closing: Late second quarter 6/30/2007
Annualized gain: 7.7%

Hyperion Solutions Corp. (HYSL), Oracle Corp. (ORCL)

Premium offered: $0.47 or 0.9%
Acquirer: ORCL
Target: HYSL
Offer per share: $52 cash
Value of outstanding common equity: $3,068,000,000
Target share price: $51.53
Acquirer share price: $16.80
Expected closing: April 4/15/2007
Annualized gain: 8.1%





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