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Dynamex Inc. (Nasdaq: DDMX) $21.08, up $5.77. Announced Friday after market close that it has entered into a definitive agreement and plan of merger to be acquired for $21.25 per share in cash by entities controlled by Greenbriar Equity Group LLC (“Greenbriar”), a transportation and logistics focused private equity firm with $1.5 billion of capital under management. The transaction value is approximately $210 million. The agreement was unanimously approved by the Dynamex Inc. Board of Directors.
Under the agreement and plan of merger, each then outstanding share of Dynamex will be converted into the right to receive $21.25 per share in cash. The merger consideration represents a premium of approximately 39.3% over the September 30, 2010 closing price of Dynamex and a 58.4% premium over the average closing price for the 30 trading days prior to October 1, 2010. Following completion of the proposed transaction, Dynamex will no longer trade publicly and will be wholly-owned by affiliates of Greenbriar.
What They Do: Dynamex is the leading provider of same-day delivery and logistics services in the United States and Canada.
Microsemi Corporation (Nasdaq: MSCC), Today announced that it has entered into a definitive agreement to acquire Actel Corporation (Nasdaq: ACTL) $20.89, Up $4.86, for $20.88 per share through a cash tender offer. The total transaction value is approximately $430 million, net of Actel's projected cash balance at closing.
Headquartered in Mountain View, California, Actel is a leading supplier of low-power, mixed-signal, and radiation-tolerant field programmable gate arrays ("FPGAs") serving the Mil/Aero, Industrial, Communication, and Consumer markets. The company is the leader in the Satellite and Space markets as a result of its deep knowledge of radiation tolerance, space-level qualifications, and its long history of service excellence.
What They Do: Actel is the leader in low power, mixed signal and system critical FPGAs, offering the most comprehensive portfolio of system and power management solutions.
ChipMOS TECHNOLOGIES (Nasdaq: IMOS) $1.43, Up $0.15. Today announced the expansion of its wafer gold bumping capabilities in Taiwan into 12-inch, high performance gold bumping production. In anticipation of the expected demand for 12-inch gold-bumping production, the Company plans to add a new, 12-inch gold bumping production line. ChipMOS currently expects facility and equipment setup of its 12-inch gold bumping line to be completed by the end of 2010 and the line will be ready for production at capacity of approximately 4,000 wafers per month on top of the Company's current 8-inch/6-inch gold bumping capacities, which are the current mainstream in driver IC manufacturing. By the end of the third quarter of 2011, the 12-inch gold bumping capacity will ramp up to approximately 10,000 wafers per month.
What They Do: ChipMOS is a leading independent provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S.
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