com (NASDAQ:ANSW) said its board turned down a speculative takeover approach from US entrepreneur Brad Greenspan, saying it would continue to back the sale to AFCV
Holdings, as it best serves the shareholders interest.
The board has also said that the unsolicited bid would not ultimately be superior to that from AFCV
, which had agreed to pay USD10.
Country: , USASector: IT/Online ServicesTarget: Answers CorporationBuyer: AFCV
Holdings LLC, Summit Partners LPDeal size in USD: 127mType: Corporate acquisitionFinancing: DebtStatus: AgreedComment: The company receives early termination of the HSR waiting period.
com (NASDAQ:ANSW) said it has received early termination of the Hart-Scott Rodino (HSR) waiting period for its takeover by AFCV
Holdings, a portfolio company of local investor Summit Partners, for USD127m (EUR91.
com (NASDAQ:ANSW) has agreed to be taken over by AFCV
Holdings, a portfolio company of local investor Summit Partners, for USD127m (EUR93.