Pervasive Software (PVSW) To Solicit Other Bids
Tweet
Share
E-mail
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bernstein on whether Hershey (HSY) could eventually step up to buy Mondelez (MDLZ)
- Forbright Bank to sell branches and deposits to Trustar Bank
- TMCR raises $165M to acquire additional Mesabi iron ore royalty
Create E-mail Alert Related Categories
Mergers and Acquisitions, RumorsSign 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!
