Search
Homepage This page's url is: -crn- Rankings and Research Companies Channelcast Marketing Matters CRNtv Events WOTC Jobs HPE Discover 2019 News Cisco Partner Summit 2019 News Cisco Wi-Fi 6 Newsroom Dell Technologies Newsroom Hitachi Vantara Newsroom HP Reinvent Newsroom IBM Newsroom Ingram Micro ONE 2019 News Juniper NXTWORK 2019 News Lenovo Newsroom Lexmark Newsroom NetApp Insight 2019 News Cisco Live Newsroom HPE Zone Intel Tech Provider Zone

5 Things You Need To Know About The $1.8 Billion ConvergeOne Acquisition

ConvergeOne is being sold for a little more than the revenue its CEO, John A. McKenna Jr., told investors he expected the solution provider to generate in its first year as a publicly traded company.

Back 1 ... 3   4   5   6  
photo

Stock Price Up On The News

CVC said it will make a cash offer to buy all the outstanding shares of ConvergeOne stock for $12.50 a share.

That represents a 56 percent premium to the closing price on ConvergeOne’s first day of trading.

The company debuted on the Nasdaq on Feb. 23, selling at $8.00 a share. Share prices were up $3.02 to $12.45 Monday, a 32 percent increase, on word of a takeover.

ConvergeOne's board of directors unanimously approved the deal and, according to a company statement, it believes the transaction “maximizes shareholder value.”

 
 
Back 1 ... 3   4   5   6  

sponsored resources