DAOU-merger approved today. Shareholders will get .384/share, which will make this my best performing stock in quite some time! lol
Daou Systems, Inc., Announces Closing of Merger With and Into PRX Acquisition Sub, Inc.
PR Newswire - October 28, 2005 17:32
EXTON, Pa., Oct 28, 2005 /PRNewswire-FirstCall via COMTEX/ -- Daou Systems, Inc. (OTC Bulletin Board: DAOU) today announced that it has completed the anticipated merger with and into PRX Acquisition Sub, Inc. a wholly owned subsidiary of Proxicom, Inc. (Proxicom). Proxicom is a portfolio company of The Gores Group, LLC (Gores). The cash payable to the holders of Daou's common stock is approximately $0.384.
About the Transaction
The transaction was approved by a majority of Daou's stockholders, confirmed today at the Special Meeting of Stockholders held to consider and vote upon the merger with Proxicom. The closing of the transaction took place immediately following the special stockholders' meeting. Daou and Proxicom entered into a definitive merger agreement on August 10, 2005, and Daou subsequently filed a definitive proxy statement on September 16, 2005 with the Securities and Exchange Commission.