Investing
Oliver Press Partners Gets Its webMethods (WEBM) Wish Granted... Quickly
Published:
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.
http://13dtracker.blogspot.com/
ALERT: Take This Retirement Quiz Now (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
