** American Dental Partners, Inc. (ADPI) reported that it has entered into a definitive agreement to be acquired by funds affiliated with JLL Partners, Inc., a leading private equity firm, that provides for holders of ADPI's outstanding common shares to receive $19.00 per share in cash.
The transaction is valued at approximately $398 million, including $81 million in currently outstanding debt.
ADPI is one of the nation's leading business partners to dental group practices. ADPI is affiliated with 27 dental group practices, which have 282 dental facilities with approximately 2,404 operatories located in 21 states.
More about ADPI at www.amdpi.com
Crown Equity Holdings Inc. (OTCBB:CRWE) recently reported that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers.
VoIP industry is fast augmenting and may hence it assures a definite hike in the revenue generation to any organisation that steps into this field.
CRWE, together with its digital network of Websites, offers media advertising, branding and marketing services as a worldwide online multi-media publisher. CRWE focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as providing search engine optimization for clients interested in online media awareness.
** General Dynamics and Force Protection, Inc. (FRPT) reported that they have entered into a definitive merger agreement under which General Dynamics will acquire FRPT for a price of $5.52 per share of common stock, or approximately $360 million.
FRPT will become a part of General Dynamics Land Systems, the Sterling Heights, Mich.-based designer and manufacturer of Abrams main battle tanks and Stryker infantry combat vehicles.
FRPT provides survivability solutions to support the armed forces of the United States and its allies. FRPT designs, manufactures, tests, delivers and supports its blast- and ballistic-protected products to increase survivability for the users.
More about FRPT at www.forceprotection.net
** A123 Systems, Inc. (AONE) reported that it has expanded its business development partnership with IHI Corporation, one of the largest industrial equipment manufacturers in Japan, to more strategically meet increasing demand for AONE's solutions in the Japanese transportation market.
AONE will license its battery system technology to IHI, which will develop solutions for passenger and commercial electric vehicles in Japan using AONE battery cells. In addition, IHI will make a $25 million equity investment in AONE.
Under the terms of a technology license agreement, IHI will be the exclusive provider of AONE battery systems and modules in the Japanese transportation market, licensing AONE's advanced battery system technology and systems integration expertise to manufacture solutions for electric vehicles.
AONE is a leading developer and manufacturer of advanced lithium-ion batteries and energy storage systems for transportation, electric grid and commercial applications. AONE's proprietary Nanophosphate(R) technology is built on novel nanoscale materials initially developed at the Massachusetts Institute of Technology and is designed to deliver high power and energy density, increased safety and extended life.
More about AONE at www.a123systems.com.
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