Not if it's immaterial to their results. But they will most likely mention it in their quarterly report to the SEC. They may also have to file, I think it's an 8k.
Andover Takeover
- Thread starter calibertrader
- Start date
Not if it's immaterial to their results. But they will most likely mention it in their quarterly report to the SEC. They may also have to file, I think it's an 8k.
no official word (press release) on andover takeover yet?
Caminus to Be Bought by SunGard Data Systems; Shares Rise
By Amy HellicksonWayne, Pennsylvania, Jan. 21 (Bloomberg)
-- SunGard Data Systems Inc., a financial-software provider, agreed to acquire Caminus Corp. for about $159 million to add software services. SunGard will pay $9 a share in cash for Caminus's 17.7 million shares outstanding, the Wayne, Pennsylvania-based company said in a statement. The purchase price is more than triple Caminus's closing share price Friday of $2.50. Caminus shares more than tripled, rising $6.36 to $8.86 at 10:17 a.m. New York time in Nasdaq Stock Market trading. Caminus, a New York-based maker of software that helps utilities and gas producers trade energy commodities, had $84 million in sales last year. SunGard provides Wall Street firms and money managers with equity, bond and currency processing technology. The transaction is expected to be completed in the current quarter, SunGard said. SunGard shares fell 34 cents to $21.29 at 10:19 a.m. in New York Stock Exchange composite trading.
Caminus to Be Bought by SunGard Data Systems; Shares Rise
By Amy HellicksonWayne, Pennsylvania, Jan. 21 (Bloomberg)
-- SunGard Data Systems Inc., a financial-software provider, agreed to acquire Caminus Corp. for about $159 million to add software services. SunGard will pay $9 a share in cash for Caminus's 17.7 million shares outstanding, the Wayne, Pennsylvania-based company said in a statement. The purchase price is more than triple Caminus's closing share price Friday of $2.50. Caminus shares more than tripled, rising $6.36 to $8.86 at 10:17 a.m. New York time in Nasdaq Stock Market trading. Caminus, a New York-based maker of software that helps utilities and gas producers trade energy commodities, had $84 million in sales last year. SunGard provides Wall Street firms and money managers with equity, bond and currency processing technology. The transaction is expected to be completed in the current quarter, SunGard said. SunGard shares fell 34 cents to $21.29 at 10:19 a.m. in New York Stock Exchange composite trading.
So back to the basic question...does anybody know the price of the buyout? Or even have a clue as to the amount???
