|
Mergers and Acquisitions Activity (May 11 - May 15) |
|
|
|
Saturday, 16 May 2009 |
|
Page 3 of 4
| M&A Activity |
|
BakBone
BakBone announced that it has completed the acquisition of ColdSpark, a provider of enterprise email infrastructure solutions and platforms. Under the terms of the agreement, BakBone will pay $15.938 million for the Company, consisting of $8.125 million in cash and 18,169,780 common shares with a deemed value of $7.813 million, with payments extending over three years. In connection with the closing, BakBone will pay cash of $750,000 and issue 9,117,877 common shares which will be subject to certain selling restrictions. BakBone’s data protection platform, combined with ColdSpark’s SparkEngine™ Open Mail Transport Platform, will allow customers to improve corporate compliance, mitigate risk, improve performance and reduce operational costs.
|
| < Previous / Next > |
|
