25 November 2015

Axway to take controlling stake in Systar

25 March 2014  |  791 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


Top topics

Most viewed Most shared
MIT to run fintech degree course
8978 views comments | 35 tweets | 14 linkedin
Coinbase issues Bitcoin debit card
7995 views comments | 16 tweets | 21 linkedin
UK banks hardest hit by non-bank money tra...
7840 views comments | 27 tweets | 30 linkedin
Apple Pay users given a free ride in Londo...
7835 views comments | 21 tweets | 29 linkedin
BBVA buys 29.5% stake in Atom for £45...
6809 views comments | 33 tweets | 40 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job