Banking, finance, and taxes

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

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.

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.