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  • 3 Post Easter Movers (NASDAQ:NADX, SMMX, CAMP) 0 comments
    Apr 5, 2010 12:22 PM | about stocks: NADX, SMMX, CAMP
    National Dentex Corporation (NasdaqNM: NADX) + 68%
    Symyx Technologies, Incorporated (NasdaqNM: SMMX) +22%
    CalAmp Corporation (NasdaqNM: CAMP) +17%

    National Dentex Corporation (NasdaqNM: NADX) + 68%

    National Dentex Corporation (NASDAQ: NADX), one of the largest owner/operators of dental laboratories in North America, today announced that it has entered into a definitive agreement and plan of merger to be acquired by GDC Holdings, Inc. (GDC), which is a holding company of GeoDigm Corporation (GeoDigm), a technology based manufacturing and laboratory company and a portfolio company of Welsh, Carson, Anderson & Stowe XI, L.P. (Welsh Carson).

    Under the terms of the merger agreement, National Dentex's shareholders will receive $17.00 in cash for each share of National Dentex common stock they hold, representing a premium of approximately 70% over National Dentex's most recent closing share price of $10.02 on April 1, 2010.

    The board of directors of National Dentex has unanimously approved and adopted the merger agreement and resolved to recommend that National Dentex's shareholders approve the merger agreement.

    "This agreement provides an attractive all-cash valuation to our shareholders," said David L. Brown, Chairman and Chief Executive Officer of National Dentex. "We continually monitor emerging dental technologies, and we view GeoDigm's ICON(NYSE:R) platform as having the most transformative effect on lab operations, product quality, and consistency. Additionally we see GeoDigm's high quality lab network as a natural complement to ours. So in addition to delivering value to National Dentex's shareholders, the combination of National Dentex and GeoDigm creates clear value for National Dentex's dental clients," said Mr. Brown.

    "GeoDigm's technology and lab operations have a proven track record of increasing prosthetic quality and consistency for dentists in the upper Midwest," added Andrew Hofmeister Chief Executive Officer of GeoDigm. "National Dentex's strong management team and broad laboratory network are vital to extending ICON(R) technology's benefits to dental clients everywhere. Welsh Carson's financial sponsorship greatly increases the National Dentex - GeoDigm combination's acquisition capacity. This capacity offers unaffiliated laboratory owners an opportunity to acquire fundamentally transformative technology through joining an industry leader," said Mr. Hofmeister.

    Symyx Technologies, Incorporated (NasdaqNM: SMMX) +22%

    Accelrys and SymyxAgree to Merge•Companies have entered into definitive merger agreement•Transaction expected to complete by end of June 2010 subject to shareholder approvalMerger Outcome•Creates the leading enterprise scientific informatics software system company •The capability of managing end-to-end scientific workflows to achieve better outcomes•Deep expertise in chemistry, biology and materials science and broad scientific solutions for research, development and manufacturing•Achieve greater scale by combining resources, capabilities and revenue•Financially stable company with strong cash position and no debt•Positioned for sustained, profitable, revenue growth

    CalAmp Corporation (NasdaqNM: CAMP) +17%

    CalAmp Corp. (NASDAQ: CAMP), a leading provider of wireless products, services and solutions, today announced that its Wireless Networks business has entered into three new supply contracts with an aggregate value of $15.2 million, increasing the backlog of this business to a record level. The three contracts are with customers in the Rail Transportation, Public Safety and Utility Smart Grid sectors. Work on each contract is expected to begin immediately with the majority of the revenues expected to be recognized in the current and next fiscal year.

    "These three bookings for our Wireless Networks products and services lay the foundation for a rebound in this segment," said Michael Burdiek, CalAmp's Chief Operating Officer. "The contracts announced today, along with our expanding pipeline of other new opportunities, lead us to believe that our Wireless Networks infrastructure business will be back on a growth trajectory this year."

    Disclosure: "No Position"
    Themes: Market Movers Stocks: NADX, SMMX, CAMP
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