Network Engines, Inc. (NENG) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Network Engines, Inc. (NENG)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 PreviousNext

To: Benny-Rubin who wrote (48)	6/19/2012 5:43:53 PM
From: Glenn Petersen	of 49

NEI to be acquired: 9:02AM Network Engines announces agreement to be acquired by UNICOM Systems for $1.45 per common share in cash ( NEI) 0.78 : Co announced that it has signed a definitive merger agreement with UNICOM Systems and a new UNICOM subsidiary under which UNICOM, a global information technology company and part of the UNICOM group of companies, will acquire NEI for $1.45 per common share in cash. The transaction is valued at approximately $63.2 million. This price represents a premium of approximately 85.5% to NEI's closing price of $0.78 on June 18, 2012. The transaction is subject to customary closing conditions and the approval of NEI shareholders. The Boards of Directors of both NEI and UNICOM have unanimously approved the transaction and the NEI Board of Directors has recommended that NEI shareholders vote in favor of the transaction. The transaction is currently expected to close within NEI's fiscal 2012 fourth quarter, the period ending September 30, 2012. Under the terms of the definitive merger agreement, NEI is permitted to solicit alternative acquisition proposals from third parties through July 18, 2012 and intends to consider any such proposals... shares are halted The press release: finance.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 PreviousNext