Notable Mergers and Acquisitions of the Day 1/6: [(JNGW) (CCO) (ADK)]

• Jingwei International Limited (Nasdaq: JNGW) has received a proposal from George (Jianguo) Du, Chairman and CEO of the Company, for a "going private" transaction designed to eliminate Jingwei's status as a public company in the U.S..
  
  Mr. Du owns 41.1% of Jingwei's common shares. According to the proposal letter, he would ask the Board of Directors to consider a reverse stock split transaction that would include a reverse split at a 1-for-50,000 share ratio followed by a cancellation of all fractional shares below one whole share at a per share price of $1.56. To the extent necessary to finance the proposed transaction, he is willing to provide funding to Jingwei at a price of $1.56 per share to fund the cancellation of fractional shares following a reverse split in order to effect the going-private transaction, which would be financed solely through available personal funds.
  
  
• Cooper Industries plc (NYSE: CBE) today announced the acquisitions of Changzhou Yuhua Electrical Equipment Manufacturing Co., Ltd. (Yuhua); Blinda Industria e Comercio Ltda (Blinda); and GE's Industrial Systems British Standard fuse-link product portfolio. Combined sales for the three companies in 2011 will be approximately $36 million and the combined purchase price is approximately $56 million.
  
  Yuhua specializes in the research, development, and production of explosion-proof CCTV systems and explosion-proof communication systems certified for use in onshore and offshore oil and gas, marine, mining, and petrochemical markets. Located in Changzhou, China, Yuhua joins the Cooper Safety division. Blinda, based in Campinas, Brazil, manufactures highly-specified explosion-proof products such as lighting and panel boards for oil and gas markets in Brazil. Blinda is now part of the Cooper Crouse-Hinds division. Cooper Bussmann has acquired the British Standard fuse-link product portfolio from GE Industrial Systems, which strengthens Bussmann's over-current circuit protection portfolio globally, especially in India and Australia.
  
  
• AdCare Health Systems, Inc. (AMEX: ADK), has signed a definitive purchase agreement for three skilled nursing facilities in Arkansas for $27.3 million.
  
  The facilities have an aggregate of 439 beds and generate an estimated $22.2 million in gross annualized revenues according to their most recent financials. The acquisition is anticipated to be completed in the first quarter of 2012. AdCare plans to finance the acquisition of the facilities with a traditional bank loan.
  
  Combining the company's current annualized run-rate with transactions in the process of closing, AdCare's estimated annualized revenue run-rate is expected to exceed $322 million. This would represent an increase of more than 500% over the company's revenues in 2010, and an increase of more than 12 times revenues since initiating its M&A campaign in the fall of 2009.

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