29 August 2015

Axway to take controlling stake in Systar

25 March 2014  |  754 views  |  0 Source: Systar

Systar (ISIN: FR0000052854-SAR), a leading provider of Operational Intelligence software, was informed that Axway has started exclusive negotiations with the shareholders who jointly control the company for the acquisition of a block representing 61% of Systar's outstanding shares at a price of € 5.97 per share, bringing the total amount to € 34.3 million.

The completion of the acquisition of Systar's controlling block will lead Axway to file a simplified tender offer at the same price of € 5.97 per share, targeting Systar's remaining outstanding shares, in accordance with applicable regulations.

Revenues and results for the third quarter of fiscal year 2013-2014, will be released on April 23rd, 2014

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 

Related company information

Systar


Top topics

Most viewed Most shared
Android Pay could launch this week
6408 views comments | 26 tweets | 22 linkedin
SunGard system glitch causes havoc for BNY...
5885 views comments | 13 tweets | 12 linkedin
FIS opens Indian financial inclusion lab
5884 views comments | 14 tweets | 2 linkedin
Kenya's NIC Bank links to Twitter and What...
5442 views comments | 27 tweets | 15 linkedin
Wirecard bids for Worldpay - Bloomberg
4910 views comments | 10 tweets | 7 linkedin

Featured job

to $120K base + bonus
New York City, NY (USA)

Find your next job