Tech Company M&A Transactions
MDSI Acquisition
MDSI, based in Richmond, was acquired by @Road. The transaction price was $86 million.
Transaction Overview
Company Name
Acquired By
Announced On
4/13/2004
Transaction Type
M&A
Amount
$86,000,000
M&A Terms
Under the terms of the agreement, MDSI shareholders will be entitled to receive, at the election of the holder, 0.75 shares of @Road common stock or $9.00 in cash for each MDSI share owned. MDSI shareholders who are also Canadian residents will be given the opportunity to elect to receive 0.75 equivalent exchangeable shares in a new @Road Canadian subsidiary for each MDSI share owned. The maximum amount of cash to be issued by @Road in the proposed transaction is capped at $19.5 million. Based on the closing prices of @Road and MDSI common stock on April 12, 2004 and assuming that all MDSI shareholders elect to receive only @Road shares, the transaction is valued at approximately $86 million.
Company Information
Company Status
Acquired or Merged
Industry
Mobile
Mailing Address
10271 Shellbridge Way
Richmond, V6X 2W8
Canada
Richmond, V6X 2W8
Canada
Phone
Website
Email Address
Not Recorded
Overview
MDSI is one of the largest, most successful and experienced providers of mobile workforce management software in the world.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Erik Dysthe
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