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Apigee Corp. (APIC) to be Acquired by Google in $625M Deal

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Apigee Enters Definitive Agreement to be Acquired by Google

September 8, 2016 9:00 AM EDT

SAN JOSE, Calif., Sept. 08, 2016 (GLOBE NEWSWIRE) -- Apigee® (NASDAQ: APIC), the API company, today announced that it has entered into a definitive agreement under which Google will acquire Apigee for $17.40 per share in cash, for a total value of approximately $625 million. The transaction is subject to the satisfaction of customary closing conditions, including Apigee stockholder approval and applicable regulatory approvals. The companies expect the transaction to... More