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CDS CO LTD to Fully Acquire METAFORM LANGUES

2:30am EDT

CDS CO LTD announced that it has decided to acquire a 100% stake (500 shares) in METAFORM LANGUES from David House, for JPY 41 million, on July 15, 2013. After the transaction, the Company will hold a 100% stake in METAFORM LANGUES.

Document Security Systems Inc Completes Merger with Lexington Technology

Monday, 1 Jul 2013 08:59am EDT

Document Security Systems Inc announced the closing of its previously announced merger with Lexington Technology Group, Inc. (LTG), an intellectual property management firm that seeks to maximize the value of intellectual property and technology assets. DSS will continue to trade on the NYSE MKT under the symbol "DSS". This strategic combination increases DSS's intellectual property portfolio and enhances the Company's ability to monetize its anti-counterfeit and authentication technology, as well as its industrial and other intellectual property assets. The boards of directors of both DSS and LTG unanimously approved the merger, which was subsequently approved by LTG's and DSS's stockholders.

Petards Group Plc Announces Recommended Offer For Water Hall Group Plc

Monday, 1 Jul 2013 02:05am EDT

Water Hall Group plc and Petards Group Plc announced that they have reached an agreement on the terms of a recommended offer to be made by Petards for the entire issued and to be issued ordinary share capital of Water Hall. Under the terms of the Offer, Water Hall Shareholders will be entitled to receive 12.5 New Petards Shares and GBP2 nominal convertible loan notes per 100 Water Hall Shares. The Convertible Loan Notes, details of which are set out below, convert into Petards Shares at a price of 8p, are unsecured, are redeemable at par five years from the date of issue and carry a coupon of 7.0 per cent. per annum. The Offer values the entire issued and to be issued share capital of Water Hall (assuming full conversion of the Water Hall Loan Note) at approximately GBP3.56 million, assuming a price per Petards share of 16.5p, the closing mid market price as at close of business on June 28, 2013 (being the last practicable date prior to the date of this Announcement), and valuing the Convertible Loan Notes at nominal value. The Offer values each Water Hall Share at approximately 4 pence which represents a premium of approximately 100 per cent. to the closing mid market price of 2 pence for each Water Hall Share as at the close of business on June 28, 2013, (being the last practicable date prior to the date of this Announcement).

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Industrials -0.03%
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Analyst Research

Report Title Price
ANGLE - AMMUNITION LOADED
Provider: Edison Investment Research
$10.00
Buy
PETARDS GROUP - BETTER SECURITY
Provider: Edison Investment Research
$10.00
Buy
PETARDS GROUP - FUNDAMENTALS POSITIVE
Provider: Edison Investment Research
$10.00
Buy
ASSETCO - FIGHTING FIRE
Provider: Edison Investment Research
$10.00
Buy
PETARDS GROUP - MORE SECURE
Provider: Edison Investment Research
$10.00
Buy

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