Aladdin Knowledge (ALDN) Agrees To Be Acquired For $11.50/Share
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- Aladdin Knowledge (ALDN) Agrees To Be Acquired For $11.50/Share
Aladdin Knowledge Systems Ltd. (Nasdaq: ALDN) entered into a definitive merger agreement to be acquired by an investor group lead by Vector Capital, a leading private equity firm specializing in the technology industry, in a transaction valued at approximately $160 million.
Under the terms of the agreement, Aladdin shareholders will receive $11.50 per share in cash for each share of common stock they hold. This represents a premium of approximately 20% over Aladdin's closing share price on January 9, 2009, the last trading day prior to today's announcement.
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