19 April 2015

Axway to take controlling stake in Systar

25 March 2014  |  703 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
UK banks covering up cybercrime losses - C...
6756 views 13 comments | 26 tweets | 13 linkedin
BBVA buys UX firm Spring Studio
6544 views comments | 32 tweets | 17 linkedin
Card is king as cash usage continues to fa...
6157 views comments | 22 tweets | 14 linkedin
Digital and core renewal to drive bank IT...
4845 views comments | 32 tweets | 25 linkedin
World Bank reports big drop in numbers of...
4803 views 10 comments | 36 tweets | 14 linkedin

Featured job

to GBP £80K base, double OTE
London, UK or Madrid, Spain

Find your next job