Username: Save?
Password:
Home Forum Links Search Login Register*
    News: Welcome to the TechnoWorldInc! Community!
Recent Updates
[April 28, 2021, 11:18:57 AM]

[April 28, 2021, 11:18:57 AM]

[April 28, 2021, 11:18:57 AM]

[April 28, 2021, 11:18:57 AM]

[March 08, 2021, 04:24:31 PM]

[March 08, 2021, 04:24:31 PM]

[March 08, 2021, 04:24:31 PM]

[March 08, 2021, 04:24:31 PM]

by Alex
[March 08, 2021, 04:20:54 PM]

by Alex
[March 08, 2021, 04:20:54 PM]

by Alex
[March 08, 2021, 04:20:54 PM]

by Alex
[March 08, 2021, 04:20:54 PM]

by Alex
[February 17, 2021, 04:06:43 PM]
Subscriptions

Enter your E-mail :

Resources
   Funistan
   PrettyGalz
   Techlap
   FreeThemes
   Videsta
   Glamistan
   BachatMela
   GlamGalz
   Techzug
   Vidsage
   Funzug
   WorldHostInc
   Funfani
   FilmyMama
   Uploaded.Tech
   MegaPixelShop
   Netens
   Funotic
   FreeJobsInc
   FilesPark
Participate in the fastest growing Technical Encyclopedia! This website is 100% Free. Please register or login using the login box above if you have already registered. You will need to be logged in to reply, make new topics and to access all the areas. Registration is free! Click Here To Register.
+ Techno World Inc - The Best Technical Encyclopedia Online! » Forum » GENERALLY GENERAL » News / Announcements / Requests / Suggestions
 Actian Receives Committed Financing from TC Lending for All-Cash Offer...
Pages: [1]   Go Down
  Print  
Author Topic: Actian Receives Committed Financing from TC Lending for All-Cash Offer...  (Read 1557 times)
RealWire
TWI Hero
**********



Karma: 0
Offline Offline

Posts: 18530


View Profile Email


...to Acquire Pervasive Software

Redwood City, CA – October 5, 2012 – Actian Corporation ("Actian") announced today that it has obtained committed financing from TC Lending, LLC, a subsidiary of TPG Specialty Lending, Inc., which is an affiliate of TPG (“TSL”), in support of its previously announced all-cash offer to acquire all of the common stock of Pervasive Software, Inc. (NASDAQ: PVSW) ("Pervasive") for $8.50 per share.

Actian’s Chief Executive Officer, Steve Shine, commented: “We are pleased to have TSL as our financing partner, and believe their commitment demonstrates both the strength of our current business and the compelling advantages that will be created by our combination with Pervasive.”

Actian reaffirmed its desire to proceed immediately with exclusive discussions to complete a mutually agreed transaction quickly. “We sought to get this committed financing to show that we are ready to proceed immediately” Shine said “We believe our offer is a full and fair value, and Pervasive’s stockholders, employees and customers would be best served by promptly concluding an agreement to combine our companies.”

Actian’s proposal represents a premium of 30% over Pervasive’s closing price of $6.55 on August 10, 2012, the last trading day before Actian announced its offer and a premium of 41% over the average closing price of Pervasive’s shares over the two years preceding Actian’s announcement.

Actian’s proposal and TSL’s financing commitment are subject to satisfaction of customary closing conditions, including confirmatory due diligence, execution of definitive agreements and the receipt of all necessary stockholder and regulatory approvals.

Logged

Pages: [1]   Go Up
  Print  
 
Jump to:  

Copyright © 2006-2021 TechnoWorldInc.com. All Rights Reserved. Privacy Policy | Disclaimer
Page created in 0.08 seconds with 23 queries.