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[QUOTE]Originally posted by YellowSubmarine: [QB] Wall Street PR, Inc.: Mergers Fueling Big Runs - Blitz Trader, because timing is everything Clear Lake, TX, Mar 15, 2006 (M2 PRESSWIRE via COMTEX) -- Mergers and acquisitions come in all shapes and sizes. They are usually one of the most exciting moves a company may entertain, regardless of the business. Whether it involves one of the biggest names in the history of journalism, like the $ 6.5 billion Knight-Ridder Inc. (NYSE: KRI) sale. Or a behemoth bank like Capital One Financial Corp. (NYSE: COF) buying out North Fork Bancorp (NYSE: NFB). [b]It may even be a company which may be the most undervalued stock on any market, like LoftWerks (OTC: LFWK).[/b] In some cases, the potential for some action is enough to keep all eyes glued to the events. For example, the Nasdaq Stock Exchange (NASDAQ: NDAQ) and NYSE Group Inc. (NYSE: NYX) interest in the London Stock Exchange has caught the attention of all investors, who'll be looking at the developments to help them understand the future implications for the respective markets. [b]LoftWerks is working on its pending merger with Consultech Construction Management, Inc. ("Consultech"), one of only seven designated "Master Builders" in North America and in Europe. In addition to the $10M property acquisition capital, arranged by Consultech, the merger includes Sulja Bros. Building Supplies. LTD, a Consultech subsidiary that does over $30M in revenues and has over $25M in assets. Sulja's assets justify a share price greater than LoftWerk's current price, under LoftWerk's currently published capital structure, not to mention the premium it deserves for its performance. Furthermore, the companies believe Sulja will be doing $200M+ within 24 months and increase Sulja's assets to over $125M, which means assets divided by published outstanding shares would value shares at $0.625 and profitable companies trade at valuations much greater then just asset value. LoftWerks has been in negotiations with a major lending source, which is considering an ongoing financing mechanism, up to $250M in capital, utilizing lines of credit and/or discounted funding arrangements of certain tax benefits which are awarded to businesses whose operations bring economic windfall to commercially-depressed areas, which fits LoftWerk's business model.[/b] Capital One Financial Corp. broke open the piggybank and is going to purchase North Fork Bancorp, in a transaction valued at $14.6 billion in cash and stock. Capital One's offer is priced at a 23% premium to North Fork's closing share price on Friday. McClatchy Newspapers' $ 6.5 billion bid was enough to win the Knight-Ridder auction. The $67.25 a share offer includes $2 billion in debt assumption. Blitz Trader does not own shares of any of the companies named in this report. Blitz Trader has been paid 1,000 dollars for this report by WSTPR. Brian Heckathorne, Blitz Trader and WSTPR will not buy or sell any shares at the time this report is disseminated, or for a few days before or after this report is disseminated. CONTACT: Brian Heckathorne e-mail: Brian*BlitzTrader.com M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web Inquiries to info*m2.com. (C)1994-2006 M2 COMMUNICATIONS LTD . [/QB][/QUOTE]
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