Borland (BORL) Consideration Under Merger Agreement Raised from $1.15 to $1.50/Share; Termination Fee Also Increased
More News related to BORL
- Unusual 11 Mid-Day Movers 7/1: OSK, BORL, UIS, SDTH Higher; BEAT, FRPT, RPRX, SPAR Lower
- Notable Mergers and Acquisitions of the Day 7/1: BORL, BLL, HRSH
- OSK, BORL, PARD, AMAG, LNN See Volume and Upside Price Action
- Morning Movers 7/1: OSK, BORL, CBL, LNN Higher; BEAT, FRPT, GSIG, MYGN, IMMR Lower
- Borland (BORL) Consideration Under Merger Agreement Raised from $1.15 to $1.50/Share; Termination Fee Also Increased
On June 30, 2009, Borland Software Corporation (Nasdaq: BORL) entered into a Second Amendment to Agreement and Plan of Merger by and among Bentley Merger Sub, Inc., Micro Focus International plc, Micro Focus, Inc. and the Company, dated May 5, 2009, as amended on June 17, 2009.
The Second Amendment provides that (i) the merger consideration under the merger agreement increased from $1.15 to $1.50 per share in cash and (ii) the termination fee payable in certain circumstances increased from $4 million to $5.2 million. The Merger Agreement otherwise remains in full force and effect. The Board of Directors of Borland Software approved the Second Amendment on June 30, 2009.
Related Categories
Corporate NewsMergers and Acquisitions
Stocks Mentioned
+0.00Sign 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!
