Pervasive Software (PVSW) To Solicit Other Bids
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Pervasive Software Inc. (NASDAQ: PVSW) said its Board of Directors has met to consider the advice of its independent financial advisor, Shea & Company, LLC, with respect to the evaluation of an unsolicited, non-binding proposal the company received from Actian Corporation on August 13, 2012 to acquire the company for $8.50 per share.
The Board of Directors has instructed Shea & Company to solicit potential bids from interested parties and engage with those parties, including Actian Corporation, regarding their interest in acquiring.
PVSW closed at $8.44 per share on Wednesday.
The Board of Directors has instructed Shea & Company to solicit potential bids from interested parties and engage with those parties, including Actian Corporation, regarding their interest in acquiring.
PVSW closed at $8.44 per share on Wednesday.
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