Notable Mergers and Acquisitions of the Day 5/2 (YHOO/MSFT, KAD, ADSK)

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May 2, 2008 9:27 AM EDT

StreetInsider.com Notable Mergers and Acquisitions of the Day:

Shares of Yahoo! Inc. (Nasdaq: YHOO) are 2.3% higher in pre-open action today on speculation Microsoft (Nasdaq: MSFT) is ready to go hostile with their bid.
Arcadia Resources, Inc. (AMEX: KAD), which provides innovative consumer health care services under the trade name Arcadia HealthCare, announced that it has acquired Carolina Care, LLC, an in-home health care business with locations in Asheboro, Greensboro and Winston-Salem, North Carolina. Carolina Care generated $2.1 million in annualized revenue during 2007, and has served North Carolinians in Davidson, Forsyth, Guilford, Randolph, Rockingham and Stokes counties for more than 12 years.
Autodesk, Inc. (Nasdaq: ADSK) signed a definitive agreement to acquire Moldflow Corporation (Nasdaq: MFLO) for $22 per share, or approximately $297 million, less the amount in Moldflow's cash balance at the time of closing and proceeds from options exercises.

This transaction is expected to decrease Autodesk's GAAP diluted earnings per share by approximately $0.10 in fiscal 2009. On a combined basis, the company expects GAAP diluted earnings per share of between $1.70 and $1.80.

Autodesk expects no impact to non-GAAP diluted earnings per share for fiscal 2009.