Notable Mergers and Acquisitions of the Day 08/23: (PRST) (JCOM)

• Presstek, Inc. (Nasdaq: PRST), has entered into a definitive merger agreement under which it would be acquired by MAI Holdings, Inc., an entity affiliated with American Industrial Partners Capital Fund IV, L.P.
  
  Under the terms of the agreement and plan of merger, which has been unanimously approved by the Company's Board of Directors, Presstek's shareholders will receive $0.50 in cash for each share of Common Stock. This represents a premium of 16.3% over closing share price of the Common Stock on August 22, 2012. The agreement is subject to the approval of shareholders and other customary closing conditions and is expected to close during the fourth quarter of 2012. In connection with the transaction, AIP has obtained the agreement of Presstek's largest shareholder, IAT Reinsurance Company, Ltd. and its affiliates, which own 24.5% of the outstanding Common Stock, to vote in favor of the merger at the special shareholders meeting to be called for that purpose, subject to certain conditions.
  
  GCA Savvian Advisors, LLC has served as financial advisor and McDermott, Will & Emery, LLP has served as legal counsel to Presstek in connection with this transaction. Ropes & Gray, LLP has served as legal counsel to AIP in connection with this transaction.
  
  
• j2 Global, Inc. (Nasdaq: JCOM) has acquired the New Zealand business of Zintel Communications, a cloud voice services provider. This acquisition follows j2’s March 2012 acquisition of the Australian Zintel Communications business.
  
  Terms of the acquisitions were not disclosed and the financial impact to j2 Global is not expected to be material.

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