Comverse Tech (CMVT) To Buy Up To $293M in Verint (VRNT) Preferred Stock To Support Buyout of Witness Systems (WITS)
More News related to CMVT
- TIGO to Deploy Comverse Voice HUB in Bolivia and Honduras to Drive Growth, Boost Revenues
- Comverse Showcases Best Practice Standards in Deploying BSS/VAS Bundle at Vietnam's GTEL Mobile
- Comverse BSS Solution Receives Highest Possible Overall Rating from Leading Industry Analyst Firm
- Comverse Delivers Mobile Internet, Visual Voicemail & Multimedia Messaging to Bell Mobility for New High-Speed Network in Canada
- Milberg, Barroway Topaz and Bernstein Litowitz Jointly Announce $62 Million Settlement in Comverse Technology Stock Option Backdating Derivative Case
More News related to VRNT
- Verint Systems Expands Workforce Optimization Suite with Acquisition of Iontas
- Verint Announces Selected Unaudited Financial Information
- Verint to Provide Selected Unaudited Financial Information on Wednesday, February 3, 2010 After Market Close
- Verint Systems and Novantas Form Strategic Alliance for Retail Financial Services Workforce Optimization Solutions
- London Overground Rail Operations Ltd. Implementing Nextiva IP Video Technology from Verint Video Intelligence Solutions
More News related to WITS
- OFT Clears Acquisition of Witness Systems (WITS) by Verint
- SunTrust downgrades Witness Systems Inc. (WITS) to Neutral
- StreetInsider.com Unusual 11 Mid-Day Movers 02/12/2007
- StreetInsider.com Pre-Open Movers 02/12
- Comverse Tech (CMVT) To Buy Up To $293M in Verint (VRNT) Preferred Stock To Support Buyout of Witness Systems (WITS)
More News related to Mergers and Acquisitions
- Airgas (ARG) Rejects Air Products (APD) Takeover Bid
- Sony (SNE) Subsidiary Acquires iCyt Mission Tech
- Audiovox Corp. (VOXX) Acquires Assets of Invision Industries
- Morningstar (MORN) Buys Footnoted.org
- Volcano Corp. (VOLC) Acquires Xtract Catheter Device from Lumen Biomed
Comverse Technology, Inc. (OTC: CMVT) agreed to purchase up to $293 million in perpetual preferred stock from its majority-owned Verint Systems Inc. subsidiary (OTC: VRNT), in order to finance, in part, Verint's planned acquisition of Witness Systems (NASDAQ: WITS) for $27.50 per share, as announced by Verint today.
Related Categories
Mergers and AcquisitionsStocks Mentioned
-0.01
+0.20Sign 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!
