Progress Software (PRGS) Acquires IONA Tech (IONA) for $4.05/Share
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Progress Software Corporation (NASDAQ: PRGS) and IONA Technologies plc (NASDAQ: IONA) jointly announced that they have signed a definitive agreement under which Progress Software has agreed to acquire IONA for $4.05 per share in cash.
IONA closed at $3.60 yesterday.
The IONA Technologies Board of Directors has unanimously approved the transaction and each IONA Technologies director has entered into an agreement to vote in favor of the transaction.
IONA closed at $3.60 yesterday.
The IONA Technologies Board of Directors has unanimously approved the transaction and each IONA Technologies director has entered into an agreement to vote in favor of the transaction.
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