24 October 2017
Register now

Axway to take controlling stake in Systar

25 March 2014  |  1120 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)

Related company news

 

Related company information

Systar

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.com visit www.innotribe.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
19865 views comments | 31 tweets | 43 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15300 views comments | 23 tweets | 32 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
11031 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
9150 views comments | 15 tweets | 29 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job