Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Actian To Acquire Pervasive Software For $9.20/share - Quick Facts

Actian Corp announced that it has entered into a definitive deal to acquire Pervasive Software Inc. (PVSW: Quote) for $161.9 million. The transaction is expected to close in the second calendar quarter of 2013.

Under deal terms, Pervasive's stockholders will receive $9.20 in cash for each share and accelerates Actian's ability to deliver its vision of providing organizations with the capability to take action in real time as their business environment changes.

TC Lending, LLC, a subsidiary of TPG Specialty Lending, Inc., has committed to provide debt financing for the transaction. Shea & Company, LLC serves as financial advisor to the Board of Directors of Pervasive Software

Pervasive Software believed that the two companies' complementary product portfolios, track record of technological innovation and well-established customer bases provide a platform for compelling synergies.

"Together, the combined group has the technology and global presence to deliver the ability to extract, analyze and take action on big data in real time", said Steve Shine, CEO & president of Actian Corp.

Register
To receive FREE breaking news email alerts for Pervasive Software Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season. Stocks moved notably higher over the course of the trading day on Monday, extending the strong upward move seen last Friday. The gains on the day continued the recent recovery by the markets, with the Nasdaq and the S&P 500 closing higher for the third consecutive session. While Republicans have largely tried to frame the upcoming midterm elections as a referendum on President Barack Obama, Sen. Ted Cruz, R-Tex., has joined the few offering guidance on what the GOP will do if it manages to retake control of the Senate.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.