Mergers and aquisition and IPOs the week of June 1, 2009 as compiled by AIRS.

IPO - Real Estate Investment Trusts (REITs)


Cypress Sharpridge Investments, Inc.


Cypress Sharpridge Investments Inc., a specialty finance company, was created with the objective of achieving consistent risk-adjusted investment income. The company invests on a leveraged basis exclusively in whole-pool residential mortgage pass-through securities for which the principal and interest payments are guaranteed by the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) or the Government National Mortgage Association (Ginnie Mae), and collateralized by single-family residential mortgage loans.
Location: New York, NY
Empoyees: 14
Date: 6/8/2009
NYSE: CYS



M&A - Aerospace & Defense Parts Manufacturing


Buyer: General Dynamics Corporation, Falls Church, VA


Target: Axsys Technologies, Inc., Rocky Hill, CT



The unit of General Dynamics that manufactures the U.S. Army's Abrams battle tanks will buy Axsys Technologies for approximately $634 million. Axsys makes defense surveillance and imaging systems and employs about 1,000 people.
Hartford Courant, June 8, 2009



M&A - Computer Displays & Projectors


Buyer: Prime View International Co., Ltd., Hsinchu City, Taiwan


Target: E Ink Corporation, Cambridge, MA



Prime View International, the company that manufactures Amazon electronic reader Kindle, will aquire E Ink Corporation, a developer of digital ink technology, for $215 million. The acquisition will strengthen Prime View's position in the electronic reader marketplace, a growing field.
PC World, June 2, 2009



M&A - Computer Software


Buyer: Intel Corporation, Santa Clara, CA


Target: Wind River Systems, Inc., Alameda, CA



Semiconductor maker Intel has agreed to buy software maker Wind River Systems for approximately $884 million. Intel is expanding beyond personal computers and Wind River makes operating systems for a wide range of products, from cars to mobile phones.
Bloomberg.com, June 4, 2009



M&A - Financial Services


Buyer: Intuit Inc., Mountain View, CA


Target: PayCycle, Inc., Palo Alto, CA



Intuit, a leading maker of financial and tax-preparation software, will buy PayCycle, a web-based payroll services provider, for approximately $170 million. The acquisition will give Intuit an Internet-based service that small companies can use to handle payroll.
Bloomberg.com, June 2, 2009




M&A - Liability Insurance


Buyer: ProMutual Group, Inc., Boston, MA


Target: FinCor Holdings, Inc., Lansing, MI



Medical liability insurer ProMutual Group will acquire FinCor Holdings, a company selling similar products in different markets. The Lansing State Journal reports that ProMutual also will acquire FinCor subsidiaries MHA Insurance Co., Washington Casualty Co., FinCor Solutions Inc., The Risk Management and Patient Safety Institute Inc., and Capital Risk Solutions.
Lansing (Mich.) State Journal, June 5, 2009




M&A - Medical Devices


Buyer: HealthTronics, Inc., Austin, TX


Target: Endocare, Inc., Irvine, CA



HealthTronics, a distributor and marketer of urological equipment, will acquire Endocare, a maker of minimally invasive devices to treat urological conditions such as prostate cancer. The cash and stock deal is valued at about $16 million.
Reuters, June 8, 2009


M&A - Oil & Gas Field Equipment


Buyer: Cameron International Corporation, Houston, TX


Target: NATCO Group Inc., Houston, TX


Cameron International Corp., a leading international manufacturer of oil and gas pressure control equipment, will buy NATCO Group, a provider of oil, gas, and water process solutions. The all-stock deal is valued at $780 million.
Houston Business Journal, June 2, 2009