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Posted On: 04/26/2017 9:23:45 AM
Post# of 22992
$SAJA
shares were halted in Wednesday's pre-market trade as the company said it has agreed to be acquired by Amplexor International for $5.83 per share, a 46% premium to the closing price on April 25.
"This union immediately creates a strong global provider that possesses a variety of technologies, global content solutions and customer support in numerous countries and a well-aligned culture of innovation shared between the two organizations," said Sajan CEO Shannon Zimmerman.
The board is recommending the deal, which it expected to close soon after a special meeting of shareholders to vote on the deal in July.
SAJA shares will resume trading at 8:30 am ET. The stock currently trades in a 52-week range between $3.08 and $5.60.
shares were halted in Wednesday's pre-market trade as the company said it has agreed to be acquired by Amplexor International for $5.83 per share, a 46% premium to the closing price on April 25.
"This union immediately creates a strong global provider that possesses a variety of technologies, global content solutions and customer support in numerous countries and a well-aligned culture of innovation shared between the two organizations," said Sajan CEO Shannon Zimmerman.
The board is recommending the deal, which it expected to close soon after a special meeting of shareholders to vote on the deal in July.
SAJA shares will resume trading at 8:30 am ET. The stock currently trades in a 52-week range between $3.08 and $5.60.
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