Brief: Redknee Solutions Inc announces receipt of superior proposal and commencement of matching period

Optiva

19/12/2016 12:00

Dec 19 (Reuters) - Redknee Solutions Inc  RKN.TO  
    * Redknee Solutions Inc announces receipt of superior 
proposal and commencement of matching period 
    * Received an unsolicited offer from ESW Capital LLC and 
Wave Systems Corp 
    * Redknee Solutions says under ESW Capital's offer, co would 
complete private placement of 800,000 series a shares of co, 
share purchase warrant to ESW Capital Investor 
    * Board unanimously determined, that ESW Capital's offer 
constitutes a superior proposal 
    * Under offer warrant would entitle ESW Capital Investor to 
acquire a number of common shares equal to $60 million 
    * Redknee solutions says under Capital's offer, co would 
complete private placement, common share purchase warrant to ESW 
Capital investor for proceeds of $83.2 million 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nCNW058Mra 
Further company coverage:  RKN.TO  
 
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