"Adobe Systems Inc. said Wednesday it has signed a definitive agreement to launch a public tender offer to acquire all of Day Software Holding AG's shares for about $240 million, a move that highlights the expansion of its portfolio of Web content-management offerings.
Adobe will acquire the shares at 139 Swiss francs (approximately US$131.44) each in cash, said Rob Tarkoff, who runs Adobe's Digital Enterprise Solutions group, in an interview from Day Software's headquarters in Basel, Switzerland. The deal is subject to a minimum acceptance threshold and is expected to close sometime in Adobe's fiscal fourth quarter, which ends on Nov. 30."
Wednesday, July 28, 2010
Adobe to Launch $240 Million Tender Offer for Day Software - WSJ.com: