May 23rd

Angelica Announces Company Sale

Angelica Corporation (NYSE: AGL), announced it has signed a definitive merger agreement on May 22, 2008 with a company formed by Lehman Brothers Merchant Banking Partners IV L.P. to acquire Angelica for $22.00 per share in cash, representing a premium of 34.0% over the weighted-average closing share price for the past 30 calendar days ended May 22, 2008 and 33.7% over yesterday’s closing share price of $16.45. The transaction, which is subject to approval by Angelica shareholders, the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and satisfaction of other customary closing conditions, is expected to close in late summer.

Angelica’s Board of Directors commenced a public sale process on September 24, 2007 and hired Morgan Joseph Co. Inc., a full-service investment banking firm specializing in servicing middle market companies. Morgan Joseph also rendered a fairness opinion in connection with the transaction.
Read more: Angelica Corporation ( AGL )
May 23rd

Natus Medical Announces Pricing of Public Offering

Natus Medical Incorporated (Nasdaq: BABY), a leading provider of medical devices for the newborn care, hearing and neurology markets, today announced the pricing of its public offering of 4,000,000 shares of its common stock at $19.50 per share. All of the shares are being offered by Natus. Natus has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of its common stock to cover over-allotments, if any. The offering is expected to close on May 29, 2008, subject to the satisfaction of customary closing conditions.

Cowen and Company, LLC and UBS Investment Bank are acting as joint bookrunning managers for the offering and Natixis Bleichroeder Inc., Needham & Company, LLC, Raymond James & Associates, Inc. and Roth Capital Partners, LLC are acting as co-managers. Information about the offering is available in the prospectus supplement and accompanying prospectus for the offering filed with the Securities and Exchange Commission.
Read more: Natus Medical Incorporated ( BABY )
May 23rd

Respondent in DRAM ITC Action Settles with Tessera

Tessera Technologies, Inc. (Nasdaq: TSRA), a leading provider of miniaturization technologies for the electronics industry, today announced it has reached a settlement with International Products Sourcing Group (IPSG), a respondent in the International Trade Commission (ITC) action brought by Tessera against certain DRAM manufacturers, Investigation No. 337-TA-630 (DRAM ITC action).

As part of the settlement, Micro Electronics, Inc. (Micro Electronics), the parent company of IPSG, has taken a license on behalf of itself and its subsidiaries to Tessera’s technology covering a broad range of chip-scale and multi-chip packaging solutions.
Read more: Tessera Technologies Inc ( TSRA )
May 23rd

IXYS Corporation Announces Record Quarter and Fiscal Year Revenues

IXYS Corporation (NASDAQ: IXYS) today reported record net revenues of $79.3 million for the fourth fiscal quarter ended March 31, 2008, as compared with net revenues of $74.0 million for the same period in the prior fiscal year.

A technology rich semiconductor company, IXYS develops power semiconductors, integrated circuits and RF & systems that are used in a wide range of industrial, medical, telecommunication, transportation and consumer applications. Within the renewable energy industry, IXYS supplies semiconductor products that switch, control and convert electrical energy into the electrical power grid, mainly for windmill and solar systems.
Read more: IXYS Corporation ( IXYS )
ASC to Introduce Communications Recording Solutions for TETRA at TETRA World Congress 2008

MARATHON EVOLUTION Suite to be Demonstrated at Show

Hoesbach/Germany, May 23, 2008 – ASC (www.asctelecom.com), a leading global provider of innovative solutions to record, analyze and evaluate communications, today announced it will exhibit its new communications recording Suite, MARATHON EVOLUTION 8.0 for TETRA (Terrestrial Trunked Radio), at the TETRA World Congress 2008, Hong Kong Exhibition Center, Hong Kong, China, on May 25-26, 2008, at booth #H4.

The event unites TETRA users, manufacturers, network operators, application developers and system integrators from around the world.
Read more: ASC to Introduce Communications Recording Solutions for TETRA