E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/8/2008 in the Prospect News Special Situations Daily.

Tumbleweed shareholders OK deal with Sopra

By Lisa Kerner

Charlotte, N.C., Aug. 8 - Tumbleweed Communications Corp. stockholders approved the company's merger with a Sopra Group SA subsidiary at a special meeting on Friday.

The merger is expected to close in the third quarter, a Tumbleweed news release said.

In June Sopra, a Paris-based internet technology consulting company, announced that its subsidiary, Axway, would acquire all the outstanding stock of Tumbleweed for $2.70 cash per share, or a reported $138 million.

Tumbleweed is a Redwood City, Calif., messaging security solutions company.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.