Adobe Systems has announced that it has entered into a definitive agreement with Omniture for the former to acquire the latter in a transaction valued at approximately $1.8 billion on a fully diluted equity-value basis. Under the terms of the agreement, Adobe will commence a tender offer to acquire all of the outstanding common stock of Omniture for $21.50 per share in cash. The proposed offer represents a premium of 45% over Omniture's average closing price for the last 30 trading days through yesterday's close. The completion of the transaction, pending regulatory approval, is expected to close in Q4 of Adobe's fiscal year. The company believes the acquisition will be accretive to its non-GAAP earnings in fiscal year 2010. Omniture will become a new business unit within Adobe. Omniture's CEO, Josh James, will be joining Adobe Systems as the unit's Senior VP, reporting directly to Adobe CEO Shantanu Narayen. 
Custom HTML Code at Bottom [Sample No.2]best pc registry cleaners
No comments:
Post a Comment