Mergers Closing For Vote (FLEX, SLR, PYX, ENR, NWRE, HPQ, AGE, WB, AV, RARE, DRI)

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By Douglas A. McIntyre Updated Published
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This week we have many mergers coming up for approval from shareholders, and many of these will no longer be trading after this week.  Here is a partial list of the more active stocks up for shareholder approval this Thursday and Friday:

Flextronics (NASDAQ:FLEX) and Solectron (NYSE:SLR)… Election Deadline 5:00 P.M. EST on Thursday, September 27, 2007.  Playtex Products Inc. (NYSE:PYX) shareholders will vote Thursday on the firm’s $2 billion acquisition by Energizer Holdings Inc. (NYSE:ENR) during a special meeting.  The acquisition of Neoware (NASDAQ:NWRE) by H-P (NYSE:HP) should be approved handily and gladly by holders on Thursday.

Friday is perhaps the last day we’ll ever see A.G.Edwards (NYSE:AGE) trade independently as Wachovia (NYSE:WB) is taking this over; shareholders expected to approve and no regulations in the way.  Avaya (NYSE:AV) special meeting is September 28 over its sale to Sierra, formed by Silver lake Partners and TPG Capital.  Rare Hospitality (NASDAQ:RARE) should also cease trading after this Friday as well as it becomes part of Darden Restaurants (NYSE:DRI).

If these have changed, it has been very recently.  There is always a chance that these will have been temporarily delayed.  We have been covering many of these for our BAIT SHOP list of merger candidates in our "Special Situation Investing Newsletter" that is available on trial.

Jon C. Ogg
September 26, 2007

Jon Ogg can be reached at [email protected]; he produces the Special Situation Investing Newsletter and he does not own securities in the companies he covers.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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