Notable Mergers and Acquisitions of the Day 10/1: GME, EPIC, ORCL

October 1, 2008 11:59 AM EDT

• GameStop (NYSE: GME) today announced that it has reached a definitive agreement to acquire Micromania, France’s leading video game retailer with 332 locations throughout the country, from private equity fund L Capital.
  
  Under the terms of agreement, GameStop will pay L Capital $700 million in cash, including the assumption of debt. GameStop will purchase virtually all of the outstanding shares of the company. GameStop intends to fund the transaction through cash on hand, a draw on its existing revolving credit facility, and a $150 million committed term loan from Bank of America.
  
  The deal is expected to close in November 2008.
  
  
• Elliott Associates, L.P. offered to acquire Epicor Software Corporation (Nasdaq: EPIC) for $9.50 per share. Elliott Associates currently owsn 10.2% of the Epicor Software's stock.
  
  Elliott said, "Elliott is prepared, based upon our review of publicly available information, to offer to acquire 100% of the Company's outstanding shares for a price of $9.50 per share in cash. This represents a 20% premium to yesterday's closing share price and a 25% premium to the trailing 60-day volume-weighted average price. Note that it is our strong belief that Epicor's recent stock price has been supported in part by public disclosure of Elliott's holdings in the Company."
  
  
• Oracle (Nasdaq: ORCL) today announced that it has entered into an agreement to acquire Advanced Visual Technology Ltd., a leading provider of 3D visual macro space planning software for retailers. AVT enables retailers to collaborate with their stores and supplier partners to design and plan retail floor space in real time with a current photo-realistic view of each store. Terms of the deal were not disclosed.
  
  The transaction is expected to close in 2H08.

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

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• Banc of America
• Elliott Associates
• Notable Mergers and Acquisitions

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