Notable Mergers and Acquisitions of the Day 2/20 (COMS, PFE/ENCY, CMGI)

February 20, 2008 9:57 AM EST

StreetInsider.com Notable Mergers and Acquisitions of the Day:

• 3Com Corporation (NASDAQ: COMS) announced that the company along with affiliates of Bain Capital Partners, LLC and Huawei Technologies have withdrawn their joint filing to the Committee on Foreign Investment in the United States concerning the parties’ proposed merger transaction.
  
  The parties remain committed to continuing discussions.
  
  On September 28, 2007, 3Com’s Board of Directors unanimously approved a definitive merger agreement under which the company would be acquired by affiliates of Bain Capital Partners, LLC for approximately $2.2 billion in cash.
  
  
• Pfizer Inc (NYSE: PFE) announced that it has entered into an agreement to acquire Encysive Pharmaceuticals Inc. (NASDAQ: ENCY).
  
  Under the terms of the agreement, Pfizer will make a cash tender offer for all issued and outstanding shares of Encysive for $2.35 per share, representing an equity value of approximately $195 million.
  
  
• CMGI (NASDAQ: CMGI) announced that they have entered into a definitive agreement under which CMGI will acquire Open Channel Solutions, Inc. The all cash transaction values OCS at $24.5 million, is subject to customary closing conditions and is expected to close during CMGI's fiscal third quarter. CMGI will pay a net purchase price of $11.0 million due to a minority interest in OCS and the repayment of debt it currently holds. CMGI expects the transaction to be neutral to earnings per share in fiscal 2008 and accretive thereafter.
  

To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions

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