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DWCH - Datawatch News Story

$13.1 0.0  0.0%

Last Trade - 12/12/18

Sector
Technology
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £30.5m
Position in Universe th / 7386

BRIEF-Altair Announces Agreement To Acquire Datawatch

Mon 5th November, 2018 12:33pm
Nov 5 (Reuters) - Altair Engineering Inc  ALTR.O :
    * ALTAIR ANNOUNCES AGREEMENT TO ACQUIRE DATAWATCH
    * PROPOSED DEAL FOR $13.10 PER SHARE IN CASH
    * TRANSACTION WAS UNANIMOUSLY APPROVED BY BOARDS OF
DIRECTORS OF
BOTH COMPANIES
    * DEAL FOR EQUITY VALUE OF APPROXIMATELY $176 MILLION
    * FUNDING FOR DEAL WILL COME PRIMARILY FROM CASH, COUPLED
WITH
UTILIZATION OF BORROWINGS UNDER ALTAIR'S EXISTING CREDIT
FACILITY
    * WILL COMMENCE A TENDER OFFER WITHIN TEN BUSINESS DAYS FOR
DATAWATCH COMMON SHARES
    * AFTER CLOSING OF TENDER OFFER CO'S WHOLLY-OWNED UNIT TO
MERGE
WITH AND INTO DATAWATCH

Source text for Eikon:  ID:nGNX6QxX73 
Further company coverage:  ALTR.O 

 ((Reuters.Briefs@thomsonreuters.com;))
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