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dDT

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dDT

Re: dDT post# 40574

Friday, 10/24/2014 7:17:52 AM

Friday, October 24, 2014 7:17:52 AM

Post# of 53906
DRIV Investor group led by Siris Capital to acquire Digital River

Digital River (NASDAQ:DRIV) has entered into a definitive merger agreement to be acquired by an investor group led by Siris Capital in a transaction valued at approximately $840M.
Under the terms of the deal, Siris will acquire all of the outstanding common shares of Digital River for $26.00 per share in cash, representing a premium of approximately 50% over yesterday's closing price.
The agreement will also allow Digital River to solicit alternative acquisition proposals from third parties during a 45-day "go-shop" period, following the date of execution of the merger agreement.
DRIV +15.1% premarket

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