Ultimate magazine theme for WordPress.

BTC
$8,082.02
+1.01%
ETH
$260.56
+2.47%
LTC
$92.41
-0.15%
DASH
$168.78
-0.35%
XMR
$89.70
+1.42%
NXT
$0.03
0%
ETC
$7.58
+1.61%
DOGE
$0.00
+2.95%
ZEC
$76.27
-1.54%
BTS
$0.07
0%
DGB
$0.01
+7.15%
XRP
$0.40
+0.22%
BTCD
$20.30
PPC
$0.43
0%
CRAIG
$0.00
XBS
$2.00
0%
XPY
$0.01
0%
PRC
$0.00
0%
YBC
$1,459.11
0%
DANK
$0.00

Electronics for Imaging to be Acquired by Siris Capital Group Affiliate for $1.7 Billion

4,650

Electronics for Imaging (EFII), a provider of digital printing, has entered into a definitive agreement to be acquired by an affiliate of private equity firm Siris Capital Group in an all-cash transaction valued at approximately $1.7 billion.

- Advertisement -

Under the terms of the agreement, which has been approved by EFI’s directors, an affiliate of Siris will acquire all the outstanding common stock of EFI for $37 per share in cash.

The company’s stock surged 27% in early trading Monday.

EFI said that it may solicit alternative acquisition proposals from third parties during a so-called go-shop period over the next 45 calendar days. EFI said also that it will have the right to terminate the agreement to enter into a superior proposal subject to the terms and conditions of the agreement.

“We believe this transaction delivers superior and immediate value to our shareholders while providing us with a partner that can add strategic and operational expertise to our business,” said Chief Executive Bill Muir. “We are excited to partner with Siris’ highly experienced team on this next phase of growth for EFI.’

Subject to the go-shop, the proposed transaction is expected to close by the third quarter. It’s subject to approval by EFI’s shareholders, along with closing conditions and regulatory approvals. When the deal is complete, EFI will become wholly owned by an affiliate of Siris.

Just-released report names Cannabis Stock of the Year for 2019! Their last pick has seen a +1,200% return since he released it!

This stock has all of the makings of the next great cannabis stock – early-mover advantage, international exposure and influential partnerships, plus it has a product that is unlike anything else on the market…

You will also receive a free, weekly newsletter to stay on top of the latest industry trends, read analysis on promising cannabis stocks, and more. Click here to receive your Free Report immediately!

EFI also said Monday that it expected first-quarter revenue to be between $220 million and $225 million. The consensus on Capital IQ is for $220.2 million.

Comments