Winston-Salem 6/22/2010 4:49:15 AM
News / Business

SmallCapReview - Small Cap Winners For Monday - EFJI, DMAN, AIPC

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EF Johnson Technologies (Nasdaq: EFJI) Closed at $1.41, Up $0.38. Today announced that it has entered into an amendment to its merger agreement with an affiliate of Francisco Partners.  Under the terms of the amended merger agreement, an affiliate of Francisco Partners will acquire all of the outstanding shares of EF Johnson Technologies' common stock for $1.50 per share in cash.  This is an increase of over 42% over the $1.05 per share cash purchase price contemplated by the parties' original merger agreement previously announced on May 17, 2010.  EF Johnson Technologies' Board of Directors unanimously approved the amended merger agreement. 



What They Do: EF Johnson Technologies, Inc. focuses on innovating, developing and marketing the highest quality secure communications solutions to organizations whose mission is to protect and save lives.


DemandTec, Inc. (Nasdaq: DMAN) $6.82, Up $0.62. Today announced that Target Corporation (NYSE: TGT) has selected Demand-Tec Sopper Insights to complete its planned deployment of DemandTec's entire nextGEN solution suite. Target deploys DemandTec solutions to help make more localized merchandising and marketing decisions that improve the relevance and value of Target's offerings for their guests.


What They Do: DemandTec enables retailers and consumer products companies to optimize merchandising and marketing decisions, individually or collaboratively, to achieve their sales volume, revenue and profitability objectives.


Ralcorp Holdings (NYSE: RAH) and and American Italian Pasta Company (Nasdaq: AIPC) Closed at $52.66, Up $10.93. Today announced that the Boards of Directors of both companies have unanimously approved a definitive merger agreement under which Ralcorp will acquire all of the outstanding shares of AIPC common stock for $53.00 per share in cash, for a total purchase price of approximately $1.2 billion, net of cash acquired.


Under the terms of the agreement, Ralcorp will commence a tender offer to acquire all of the outstanding shares of AIPC common stock for $53.00 per share in cash.  The transaction is expected to close during Ralcorp's fourth fiscal quarter ending September 30, 2010 and is subject to customary closing conditions and regulatory approvals, as well as a majority of the outstanding shares of AIPC common stock being validly tendered and not withdrawn in the tender offer.  Ralcorp intends to fund the transaction through a combination of cash on hand, borrowings under existing credit facilities, a bridge facility for which it has received a commitment letter or other debt or equity arrangements.  Upon completion of the transaction, AIPC will become a wholly-owned subsidiary and will operate as an independent division of Ralcorp, reporting to Kevin J. Hunt, co-chief executive officer and president of Ralcorp, who oversees the company's existing Snacks, Sauces and Spreads and Frozen Bakery Products businesses.


What They Do: Founded in 1988, American Italian Pasta Company is a leading producer of dry pasta in North America.



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