LANDesk gets acquired for $416 mm
Posted on April 27th, 2006 by admin |
LANDesk said today that it has signed a definitive agreement to be acquired by Avocent Corporation (NASDAQ: AVCT) for $416 million.
The agreement, which is expected to close within 60 to 75 days, provides for total consideration of $416 million, including $200 million in stock, $200 million in cash and $16 million in assumed options. The transaction value may be increased by up to $60 million if LANDesk meets certain financial targets specified in the agreement.
Once the deal is complete, it is expected that LANDesk will continue to operate from its existing physical facilities as an independent division of Avocent Corporation.
Filed under: Industry News, Other Tech News, Product/Service News
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