Oliver Press Partners Gets Its webMethods (WEBM) Wish Granted… Quickly
From 13D Tracker In an 13D filing after the close on webMethods Inc. (Nasdaq: WEBM), 6% shareholder Oliver Press Partners, LLC said it may seek to have the Company "pursue an extraordinary transaction such as a sale or a merger."…
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From 13D Tracker
In an 13D filing after the close on webMethods Inc. (Nasdaq: WEBM), 6% shareholder Oliver Press Partners, LLC said it may seek to have the Company "pursue an extraordinary transaction such as a sale or a merger." Oliver’s wish was answered quickly as webMethods announced this morning that Software AG will acquire the company for $9.15 per share or approximately $546 million — a healthy premium to yesterday’s $7.28 close.
The firm paid on average about $7 per share for its stake.
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