Megasoft Completes Cash Tender Offer for Boston Communications (BCGI)
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Megasoft Limited announced the completion of the tender offer by its direct wholly-owned subsidiary, Tea Party Acquisition Corp., for all outstanding shares of Boston Communications Group, Inc. (NASDAQ: BCGI) at a price of $3.60 per share, net to the seller in cash, without interest.
Megasoft intends to complete the acquisition of bcgi through a short-form merger as soon as practicable. In the short-form merger, all outstanding bcgi shares not purchased in the tender offer will be converted into the right to receive $3.60 per share, net to the seller in cash, without interest.
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