IMImobile Agrees to $729.6 Million Offer From Cisco Systems
07 Dezembro 2020 - 4:54AM
Dow Jones News
By Ian Walker
Cisco Systems Inc. said Monday that it has agreed to a 543
million pound ($729.6 million) cash offer for IMImobile PLC.
Under the offer, accepting shareholders of the London-listed
communications-software provider will get 595 pence for each share
held. The offer price is a 48% premium to IMImobile's closing price
of 402.50 pence Friday.
"Cisco has committed to supporting our current growth plans and
we look forward to pursuing these plans with the benefit of being
part of one of the world's leading technology companies," IMImobile
Nonexecutive Chairman John Allwood said.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
December 07, 2020 02:39 ET (07:39 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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