Actian Offers to Acquire Pervasive Software (PVSW) for $8.50/Share, Offer Declined
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Actian Corporation proposed to acquire all of the outstanding shares of Pervasive Software, Inc. (NASDAQ: PVSW) common stock for $8.50 per share in cash, in a transaction valued at approximately $154 million.
"We are surprised that Pervasive has declined our repeated efforts to engage in negotiations," continued Mr. Shine. "We look forward to Pervasive’s careful and serious consideration of our proposal and an open dialogue with its Board of Directors to complete this transaction. It remains our strong preference to reach a negotiated agreement with Pervasive, and we are confident that working together, we can reach a mutually agreeable transaction in a quick and efficient manner that will benefit both companies and our respective stakeholders."
"We are surprised that Pervasive has declined our repeated efforts to engage in negotiations," continued Mr. Shine. "We look forward to Pervasive’s careful and serious consideration of our proposal and an open dialogue with its Board of Directors to complete this transaction. It remains our strong preference to reach a negotiated agreement with Pervasive, and we are confident that working together, we can reach a mutually agreeable transaction in a quick and efficient manner that will benefit both companies and our respective stakeholders."
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