Tech Company M&A Transactions
Verity Acquisition
Headquartered in Sunnyvale, Verity was acquired by Autonomy plc. The transaction price was $500 million.
Transaction Overview
Company Name
Acquired By
Announced On
11/4/2005
Transaction Type
M&A
Amount
$500,000,000
M&A Terms
# Under the terms of the Acquisition Agreement, it is proposed that Verity stockholders will receive $13.50 in cash for each outstanding Verity share, representing a premium of 30% to the closing share price of $10.37 on 3 November 2005. # Aggregate consideration of approximately $500 million (assuming exercise of all vested in-the-money Verity share options), funded by certain capital raising measures, a term loan and a portion of Verity and Autonomy's cash reserves. Post-closing Autonomy expects to have a cash balance of at least $65 million.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
894 Ross Drive
Sunnyvale, CA 94089
USA
Sunnyvale, CA 94089
USA
Phone
Website
Email Address
Not Recorded
Overview
Verity Inc., (NASDAQ: VRTY) is a leading provider of enterprise software that enables organizations to maximize the return on their intellectual capital investment.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Lynch
Chief Marketing Officer
Nicole Eaganq
Chief Operating Officer
Andrew Kanter
Chief Technical Officer
Peter Menell
President
Frank Pao
Vice President
Suresh Ramaswamy
VP - Marketing
Roger Woolley
VP - Operations
Ian Black
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