Mergers and Acquistions News
Categories: IT Services & Consulting
March 26th 2009, 15:44PM
Aladdin Knowledge Systems has announced the completion of its merger with an investor group, led by private equity firm Vector Capital.
The merger was approved at an extraordinary general meeting held in February.
Under the deal, Aladdin shareholders get $11.50 (£7.93) per share in cash for each ordinary share they hold.
Following the merger, Aladdin was de-listed on the NASDAQ Global Market and Tel Aviv Stock Exchange.
Holders of Aladdin shares are also to receive a letter of transmittal with detailed instructions regarding the surrender of their certificates for the merger consideration.
Aviram Shemer, chief financial officer at Aladdin, expressed his pleasure at the completion of the deal.
"Our customers will benefit from the strength of the combined companies as we continue to provide our award-winning, innovative security solutions across the globe," he commented.
Founded in 1985, Aladdin is a provider of security services, with offices around the world including in Windsor.
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