The underwriters, led by Bank of America Merrill Lynch(BAC.N) as well as Allen & Co LLC, have an option to purchase450,000 shares to cover overallotments OpenTable's deal is the seventh U.S. IPO in a row to seeits shares jump on their first day of trading, and the seventhon a U.S exchange in 2009. With a jump of 59 percent, OpenTable had the best first dayperformance since American Public Education Inc (APEI.O) rose67.3 percent in its debut in November 2007. (Reporting by Phil Wahba; Editing by John Wallace, PhilBerlowitz, Bernard Orr, Richard Chang) Stocks IPOs France. PARSIPPANY, NJ, May 21 (MARKET WIRE) -- DRS Technologies, Inc., announced today that, through a subsidiary, ithas entered into an agreement to purchase all of the outstanding stock ofSoneticom, Inc.Soneticom, a privately-held business located in West Melbourne, Florida,is a leading provider of precision geolocation systems and communicationsproducts.Mark S.
Newman, Chairman and Chief Executive Officer of DRS Technologies,stated, "I am confident that the addition of Soneticom will not onlyexpand our product portfolio, but will also contribute greatly to ourfuture growth in the intelligence systems business. I look forward to themany opportunities that will result from this transaction."Tim Reynolds, President and CEO of Soneticom, Inc. added that "Thecombination of DRS and Soneticom will set new industry benchmarks inprecision geolocation and expand the innovative signal solutions providedto our combined customers. We look forward to being part of the DRS team."Soneticom focuses on solutions for precision geolocation supporting thegrowing defense, homeland security, and spectrum management markets.
Thecompany also brings with it expertise in communications systems,applications development and product engineering. Soneticom's currentcustomers include both governmental and commercial entities."The products offered by Soneticom are highly complementary to our coreintelligence systems business. They can be employed in communicationsintelligence (COMINT), electronic warfare (EW) and radio spectrummanagement applications," said Richard Danforth, President of the DRSDefense Solutions Group. "Soneticom has a strong lineage of customerrelationships, a growing installed base of products, and an establishedposition in growing markets."The transaction is subject to the receipt of regulatory approvals andother closing conditions, including review by the Committee on ForeignInvestment in the United States (CFIUS).DRS Technologies, headquartered in Parsippany, NJ, is a leading supplierof integrated products, services and support to military forces,intelligence agencies and prime contractors worldwide.
The company is awholly owned subsidiary of Finmeccanica S.p.A (FNC.MI) which employsmore than 73,000 people worldwide. For more information about DRSTechnologies, please visit the company's website at additional information please contact:Richard M. GoldbergVice President, Public Affairs(973) 451-3584Email ContactBrian T. GallagherDirector, Public Affairs(973) 898-7322Email ContactCopyright 2009, Market Wire, All rights reserved.-0-. Spotlight 29 Casino's 'Summer of Fun' Means Exciting Casino Promotions EveryDay!COACHELLA, Calif., May 21 /PRNewswire/ -- Spotlight 29 Casino's third annual"Summer of Fun" is more than an incredible concert series - it also meansthere are exciting promotions in the casino every day of the week, all summerlong!(Logo: http://)The fun begins when the casino gives away a brand new 2009 Ford F-150 XLT onSunday, May 24. Now through Sunday, players can earn giveaway drawing entriesjust by playing their favorite slot and table games. Then on May 24, one luckyplayer will drive home a winner!All summer long, every day brings a new, fun way to win at Spotlight 29.Mondays are "$5 Moolah Mondays" where players can get $5 in free play everyMonday in June.