Small Cap News Movers for 3/3/10

SouthWest Water Company (NASDAQ: SWWC) announced it has entered into a definitive merger agreement to be acquired for approximately $275 million in cash, or $11.00 per share, by institutional investors advised by J.P. Morgan Asset Management and Water Asset Management L.L.C. (the partnership). The all-cash offer represents a 56% premium over SouthWest Water’s closing share price on March 2, 2010 and a premium of 71% over the average 30-day closing price ended March 2, 2010. After taking into account SouthWest Water’s outstanding debt the transaction represents a total enterprise value of approximately $427 million. The stock closed at $10.38, up 46.82%, on 12,561,886 traded shares.

Trintech Group Plc (NASDAQ: TTPA) announced revenues of $7.9 million for the fourth quarter ended January 31, 2010, an adjusted EBITDA net income of $1.4 million and net income for the quarter of $910,000 from continuing operations. For the year ended January 31, 2010, the company recorded revenues of $32.5 million, an adjusted EBITDA net income of $4.9 million and net income of $2.6 million from continuing operations. It also announced that it has signed a definitive agreement for the sale of its healthcare division, Concuity, to The Advisory Board Company (Nasdaq:ABCO) for $34.5 million in cash. The stock closed at $4.39, up 212,280 traded shares.

UFP Technologies, Inc. (NASDAQ: UFPT) reported net income of $5.9 million or $0.94 per diluted common share outstanding for its fiscal year ended December 31, 2009, 16% higher than net income of $5.1 million or $0.82 per diluted common share outstanding for its fiscal year 2008. Sales for 2009 were $99.2 million or 9.8% less than 2008 sales of $110 million. “I am very pleased with our strong finish to 2009,” said R. Jeffrey Bailly, Chairman & CEO. “Solid demand in our medical and military markets, coupled with the positive impact of our now fully integrated acquisitions, enabled us to generate record profits.” The stock closed at $10.42, up 32.23%, on 1,067,481 traded shares.

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