Notable Mergers and Acquisitions of the Day 9/9: PHST, MATH
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- Tripos agreed to acquire Pharsight Corporation (Nasdaq: PHST) for approximately $57 million in cash, or $5.50 per share. Tripos is wholly owned by Vector Capital, a San Francisco-based private equity.
The price represents a premium of 29% over the average closing price of Pharsight's common stock over the thirty trading day period ending on September 8, 2008, the last trading day before the date of this announcement.
Shares of Pharsight closed at $3.99 yesterday.
- MathStar (Nasdaq: MATH) today announced that it has entered into an agreement engaging Core Capital Group to complete a strategic analysis of the Company’s technology and intellectual property.
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