Replies to post #157377 on Value Microcaps Motherboard

[micham2012]

PTIX:

I suspect that the people buying now will be trying to get out later today and that the the profit taking will be fierce. Then again, that may just be sour grapes on my part.

[micham2012]

PTIX:

Now $2.93 x $2.97. Seeking Alpha effect wearing off.

[researcher59]

PTIX (2.98) bought out for $3.75 per share -

briefing.com -

Performance Tech to be acquired by Sonus Networks (SONS) for $3.75 per share in cash; expected to be accretive to SONS' non-GAAP EPS for full year 2015 and mildly dilutive (two cents or less) in 2014; SONS reaffirms Q4 guidance (2.98 ) : Cos announced that they have entered into a definitive merger agreement under which Sonus will acquire PT for $3.75 per share in cash, or approximately $30 mln, net of PT's cash and excluding acquisition-related costs.

The acquisition of PT enables Sonus to expand and diversify its portfolio with an integrated, virtualized Diameter and SIP-based solution and deliver strategic value to service providers seeking to offer new multimedia services through mobile, Cloud-based, real-time communications.

Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, Sonus will acquire all of the outstanding shares of PT for $3.75 per share in cash. The purchase price represents a premium of 25.8% to PT's closing share price of $2.98 on December 12, 2013, and premiums of 25.0%, 26.8% and 26.8%, respectively, to PT's 30-, 60-, and 90-day average closing share prices through December 12, 2013.

The transaction will be funded using Sonus' existing cash on hand and is expected to be accretive to Sonus' non-GAAP EPS for full year 2015 and mildly dilutive (two cents or less) in 2014. The transaction is expected to close in the first quarter of 2014, subject to PT stockholder approval and the satisfaction of other customary closing conditions.