BISYS Group (BSG) Declares Special Cash Dividend
The BISYS Group, Inc. (NYSE: BSG) has declared a one-time, special dividend of $0.15 per share in cash on all issued and outstanding common stock, payable promptly after closing of the merger pursuant to the Agreement and Plan of Merger, dated as of May 1, 2007, by and among Citibank N.A., Buckeye Acquisition Sub, Inc. and BISYS.
Upon closing of the merger, which is subject to the satisfaction of certain conditions, including approval by the BISYS stockholders at the special meeting of stockholders scheduled for July 27, 2007, the BISYS stockholders will receive $11.85 per share in cash as merger consideration in addition to the special dividend of $0.15 per share.
Upon closing of the merger, which is subject to the satisfaction of certain conditions, including approval by the BISYS stockholders at the special meeting of stockholders scheduled for July 27, 2007, the BISYS stockholders will receive $11.85 per share in cash as merger consideration in addition to the special dividend of $0.15 per share.
You May Also Be Interested In
- FirstMerit Corp (FMER) Declares $0.16 Monthly Dividend; 12% Yield
- Thermo Fisher Scientific (TMO) Declares $0.13 Quarterly Dividend; 1% Yield
- Avalonbay Communities, Inc. (AVB) Declares $0.97 Quarterly Dividend; 2.7% Yield
Create E-mail Alert Related Categories
DividendsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
