Brief: Progress Software To Acquire ShareFile For $875 Mln

Progress Software

09/09/2024 12:43

Sept 9 (Reuters) - Progress Software Corp  PRGS.O :
    * PROGRESS TO ACQUIRE SHAREFILE
    * PROGRESS SOFTWARE CORP - TO ACQUIRE SHAREFILE FOR $875
MILLION
    * PROGRESS SOFTWARE CORP - APPROVED SUSPENSION OF PROGRESS'
QUARTERLY DIVIDEND
    * PROGRESS SOFTWARE CORP - SHAREFILE EXPECTED TO ADD $240M
IN
ANNUAL REVENUE TO PROGRESS
    * PROGRESS SOFTWARE - ANTICIPATES REVENUE AND NON-GAAP EPS
FOR
FISCAL Q3 TO BE WITHIN OR ABOVE HIGH END OF PREVIOUSLY ISSUED
GUIDANCE GIVEN ON JUNE 25
    * PROGRESS SOFTWARE CORP - SUSPENDS QUARTERLY DIVIDEND UPON
CLOSING OF SHAREFILE ACQUISITION

Source text for Eikon:  ID:nGNXFxDQb 
Further company coverage:  PRGS.O 

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