"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."
Finance News, Academic articles, and other things from FinanceProfessor.com. Remember Finance is not only important, but it is also fun!!!
Wednesday, July 28, 2010
Adobe to Launch $240 Million Tender Offer for Day Software - WSJ.com
Adobe to Launch $240 Million Tender Offer for Day Software - WSJ.com:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment