Northland Capital Markets Downgrades Saba Software (SABA) to Market Perform Amid Takeover
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Saba Software, Inc. (SABA) to be Acquired by Vector Capital for $9/Share
February 11, 2015 7:30 AM ESTAfter the close, Saba Software, Inc. (OTC: SABA) announced that it has entered into a definitive agreement with affiliates of Vector Capital under which an affiliate of Vector will acquire all of the outstanding shares of Saba common stock for $9.00 per share in an all cash offer.
"Over the course of Saba's comprehensive review, the Board of Directors and our advisors evaluated a wide range of strategic alternatives, and engaged with a number of parties. We are pleased to have reached this agreement with Vector, which provides... More
