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Adobe to Launch $240 Million Tender Offer for Day Software

Posted by martin on Jul 29th, 2010 and filed under Software. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.

Adobe Systems Inc. said Wednesday it has signed a definitive agreement to launch a public tender offer to acquire all of Day Software Holding AG’s shares for about $240 million, a move that highlights the expansion of its portfolio of Web content-management offerings. Adobe will acquire the shares at 139 Swiss francs (approximately US$131.44) each in cash, said Rob Tarkoff, who runs Adobe’s Digital Enterprise Solutions group, in an interview from Day Software’s headquarters in Basel, Switzerland.

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