logo
Share SHARE
FONT-SIZE Plus   Neg

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) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Electric car maker Tesla Motors Inc. (TSLA), Wednesday reported a loss for the fourth quarter that was narrower than last year. The company said it expects to start volume production of Model 3 by September. Palo Alto, California-based Tesla reported fourth-quarter loss of $121.3 million or $0.78... Canada based Maple Leaf Foods Inc. Wednesday said it has reached a definitive agreement with Brynwood Partner VI L.P. for the acquisition of Lightlife Foods Inc. The deal would be worth $140 million plus other costs. Light is a brand in U.S. for refrigerated plant based protein foods. A hedge fund is an alternative investment fund that uses pooled funds from accredited individuals or institutional investors and invests these funds in different assets with a goal of generating high returns. Hedge funds are generally accessible only to accredited or qualified investors. They cannot...
comments powered by Disqus
Follow RTT