Viisage Technology - Preisrücksetzer nach Übernahme nutzen? - 500 Beiträge pro Seite

[finn76]

Mahlzeit werte w:o-Gemeinde.

Nach der gestrigen Übernahme von Identix Corpotaion (IDNX) durch Viisage Technology (VISGD) wüsste ich gerne eure Meinung ob Ihr den Rücksetzter von 8% auch zum Einstieg nutzen würdet bzw. genutzt habt.

Viisage macht in meinen Augen einen langfristig sinnvollen Depotwert aus, hat jetzt nach der Übernahme im Markt der biometrischen Sicerheitsysteme nahezu eine Alleinstellung erreicht und wuchs bisher kontinuierlich...

Anbei die Übernahmemeldung im Original:

Viisage and Identix to Merge to Create Biometric Identity Solution Leader
Viisage Technology, Inc. (Nasdaq: VISGD) and Identix Incorporated (Nasdaq: IDNX):

-- Establishes the Industry`s Most Comprehensive Multi-Modal Biometric Platform for Securing and Protecting Personal Identities

-- Management Team to be Led by Robert V. LaPenta as Chairman and Chief Executive Officer

-- Combined Pro Forma Calendar 2006 Estimated Revenue of $220 Million and EBITDA of at Least $40 Million


Identity solutions provider Viisage Technology, Inc. (Nasdaq: VISGD) and biometric technology innovator Identix Incorporated (Nasdaq: IDNX) today announced they have entered into a definitive agreement to merge in an all stock transaction. The combined company will blend two complementary approaches to solving the challenge of protecting and securing personal identities by establishing the industry`s most comprehensive single platform for multi-modal finger, face, skin and imaging identity solutions. The combination has been approved by the respective boards of directors of each company.

The combined company, on a pro forma calendar 2006 basis, is expected to have revenue of approximately $220 million and EBITDA of at least $40 million, including synergies and operating efficiencies.

Under the terms of the transaction, Identix shareholders will receive a fixed exchange ratio of 0.473 newly issued shares of Viisage stock for each share of Identix stock. The transaction is expected to be tax-free to shareholders of both companies for U.S. federal income tax purposes. Based on Viisage`s closing stock price of $17.69 on January 11, 2006, the transaction is valued at approximately $770 million on a fully diluted basis.

Upon completion of the transaction, current Identix shareholders will own approximately 59 percent of the combined company and current Viisage shareholders will own approximately 41 percent of the combined company. The combined company`s board of directors will consist of 12 directors, with seven of the members designated by Viisage and affiliates and five designated by Identix. The headquarters of the combined company will be in Stamford, Connecticut. In addition, certain affiliates of both Viisage and Identix have agreed to vote their shares in favor of the merger.

Following the close of the transaction, the company expects to evaluate alternatives for repurchasing outstanding shares, including the potential issuance of convertible debt.

"The combination of Identix` advanced multi-biometric search technology with Viisage`s expertise in secure credentials, document authentication and verification will create a global leader in biometric security, providing end-to-end identity solutions for state, local, national and foreign government use, as well as a wide application across the commercial sector," said Robert V. LaPenta, Chairman of the Board of Viisage. "With its proven technology, strength of management and services, and marquee customer base, the combined entity has the ability to achieve significant revenue growth and profitability."

Upon completion of the merger, Mr. LaPenta, Viisage`s Chairman, will become Chairman and Chief Executive Officer of the combined company. Mr. LaPenta is the Chairman, CEO and founder of L-1 Investment Partners, Chairman of the Board of Viisage, and former President, Chief Financial Officer and co-founder of L-3 Communications. Dr. Joseph J. Atick, currently Chief Executive Officer of Identix, will become Vice Chairman of the combined company`s Board of Directors and Chief Strategic Officer.

"This is a fantastic opportunity for the new company`s shareholders, employees and customers and will create a formidable combination in the identity solution / management and biometrics sector," said Dr. Joseph J. Atick, CEO of Identix.


Unlocking the Potential of Strong Synergies


Driven by a combined global sales force, the merger unlocks the potential of both organization`s strengths in biometrics, credentialing and imaging solutions and offers many natural synergies. For example, Viisage and Identix each have current customer relationships today with the Department of State, with Identix providing biometric facial recognition products for the U.S. VISA program and Viisage acting as the sole source provider for U.S. passports.

The combined technologies are uniquely suited to support multiple identity programs including visa and passport issuance, border control and security, voting program integrity, secure logical access for enterprise and government, and the myriad of government-related access card requirements. In addition, the new company also can successfully meet rigorous government mandates including HSPD12, TWIC, WHTI, US- VISIT, Registered Traveler, HAZMAT, Real ID and ePassport, among others.

The merger positions the new company as a market leader in the biometrics sector. The combined capabilities allow the new company to effectively compete for approximately 80 percent of a market opportunity projected by Frost & Sullivan to reach $3.5 billion by 2008*.

The transaction is expected to close in the second calendar quarter of 2006 and is subject to customary regulatory approvals and other closing conditions, including approval by Viisage and Identix shareholders at their respective stockholder meetings.

Bear, Stearns & Co. Inc. is serving as financial advisor to Viisage, while USBX Advisory Services LLC provided a fairness opinion to the Viisage Board. Janney Montgomery Scott LLC is serving as financial advisor to Identix and has provided a fairness opinion to the Identix Board.


Conference Call Today


The management of Viisage, Identix, and L-1 will host a conference call with the investment community to discuss this merger beginning at 9:00 a.m. ET on Thursday, January 12, 2006. The dial-in number for the call is 866-713-8566, confirmation code 12298018. Internationally, please dial 617-597-5325, using the same confirmation code. To access a live webcast, please go to the Investor Relations section at www.Viisage.com at least 10 minutes prior to the start of the call and follow the directions. A replay of the webcast will be available at both company`s Web site beginning one hour after completion of the call. There also will be a corresponding Powerpoint presentation available.


About Viisage Technology, Inc.


Viisage (NASDAQ: VISGD) delivers advanced technology identity solutions for governments, law enforcement agencies and businesses concerned with enhancing security, reducing identity theft, and protecting personal privacy. Viisage solutions include secure credentials such as passports and drivers` licenses, biometric technologies for uniquely linking individuals to those credentials, and credential authentication technologies to ensure the documents are valid before individuals are allowed to cross borders, gain access to finances, or granted other privileges. With over 3,000 installations worldwide, Viisage`s identity solutions stand out as a result of the Company`s industry-leading technology and unique understanding of customer needs. Viisage`s product suite includes FaceTOOLS(R) SDK, Viisage PROOF(TM), FaceEXPLORER(R), iA-thenticate(R), BorderGuard(R), FacePASS(TM) and FaceFINDER(R).


About Identix Incorporated


Identix Incorporated (Nasdaq:IDNX) is the world`s leading multi-biometric technology company. Identix provides fingerprint, facial and skin biometric technologies, as well as systems, and critical system components that empower the identification of individuals in large-scale ID and ID management programs. The Company`s offerings include live scan systems and services for biometric data capture, mobile systems for on-the-spot ID, and backend standards-based modules and software components for biometric matching and data mining. Identix products are used to conduct background checks, speed travel and commerce via secure identification documents, prevent identity fraud in large-scale government and civil ID programs, and control access to secure areas and networks. With a global network of partners, such as leading system integrators, defense prime contractors and OEMs, Identix serves a broad range of markets including government, law enforcement, gaming, finance, travel, transportation, corporate enterprise and healthcare. More information on Identix can be accessed via the Company web site at http://www.Identix.com.


About L-1 Investment Partners


L-1 Investment Partners LLC was founded in June 2005 by Robert V. LaPenta, former President, Chief Financial Officer and co-founder of L-3 Communications. L-1 invests in public and private entities in the biometric technologies and security solutions sector and provides both growth capital and management expertise to assist its portfolio companies in building their businesses.


EBITDA


Viisage uses EBITDA as a non-GAAP financial performance measurement. EBITDA is calculated by adding back to net income (loss) interest, taxes, depreciation and amortization. EBITDA is provided to investors to complement results provided in accordance with GAAP, as management believes the measures help illustrate underlying operating trends in the Company`s business and uses the measures to establish internal budgets and goals, manage the business, and evaluate performance. EBITDA should not be considered in isolation or as a substitute for comparable measures calculated and presented in accordance with GAAP.


*Frost and Sullivan, North American Biometrics Markets - Investment Analysis and Growth Opportunities, F637-F1

Quelle: BUSINESS WIRE

[BrokerPK]

bin gestern in Identix eingestiegen weil ich mir hier vom Squeeze Ou einiges erhoffe die nachbörsliche Taxe war schon über 5 % im plus nach einem Interview des Chairmans im US-TV nach Börsenschluß...in diversen Boards kursiert die Meinung das sowohl Viisage als auch Idnetix heute massiv nach oben gehen werden.

strategisch halte ich den Deal für einen klugen Schachzug in einem interessanten MAkrtbereich...was die Summen angeht ob das zu teuer od. günstig ist kann ich nicht beurteilen.

so long

[finn76]

Ja, an den Einstieg bei Identix hatte ich auch gedacht, ist sicher noch eher für einen schnellen Euro geeignet!

Dauerhaft sehe ich in dem Marktbereich von Viisage auch noch ziemlichen bedarf, man lese nur die neuesten Äusserungen unseres allseits geliebten Präsidenten des Iran... oh je, dort und anderswo wird die biometrische erkennung definitiv noch boomen. Und echte Alternativen zu Viisage? Keine bisher... Mal sehen wann andere Länder genau wie die USA die ersten biometrischen Erkennungsysteme einführen...

Teuer oder nicht? Gute Frage... wenn man sich den Kursverlauf der letzten 6 Monate ansieht kommt längerfristig garantiert noch jeder auf einen guten Schnitt... meine Meinung! Und wenn man die Übernahme-Abwertung bei Viisage von über 8% mitgenommen hat ist der gute Schnitt schon da! :-)

Aktuell: EUR 15,70

Gruß