Seagull Holding N.V.
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Publicatie datum
05 dec 2006 - 07:18
Statutaire naam
Seagull Holding N.V.
Titel
Rocket Software and Seagull Software Enter into Letter of Intent for Rocket Software to Acquire Seagull Software
Bericht
For Additional Information Contact: 3340 Peachtree Road, N.E.
Dianne Edwards, Seagull Software Atlanta, GA 30326
404.760.1560 x2312 Tel: 404.760.1560
dedwards@seagullsoftware.com Fax: 404.760.9629
info@seagullsoftware.com
www.seagullsoftware.com
For Immediate Release
Rocket Software and Seagull Software Enter into Letter of Intent
for Rocket Software to Acquire Seagull Software
Synergistic Combination Would Comprise Over 100 Products,
Large Enterprise Customer Base, and Robust OEM and Direct Sales Channels
Amsterdam, The Netherlands; Atlanta, Georgia, USA; and Newton, Massachusetts, USA -
5 December 2006 - Enterprise software suppliers Rocket Software and Seagull Software announced today that the companies have signed a letter of intent for Rocket Software, Inc. to make a public offer to acquire 100% of the shares and outstanding stock options of Seagull Holding N.V. (the parent holding company of all Seagull Software entities) in an all-cash transaction valued at €4.68 per share. The letter of intent includes customary binding provisions relating to costs, confidentiality, exclusivity, competing offers, break-up fees and standstill. The remainder of the letter of intent is non-binding on the parties.
The acquisition is subject to certain requirements including due diligence; execution of a mutually-acceptable definitive purchase agreement; approval of financing by Rocket Software’s financing institutions; approval by the Supervisory Board of Seagull Holding N.V. and various other customary conditions. Accordingly, while completion of the transaction is targeted for the first quarter of 2007, no assurances can be made that the transaction will be consummated.
Newton, Massachusetts-based Rocket Software is a privately-held company with over 350 employees across its operations in the United States, Europe and Asia. Consistently profitable since its founding in 1990, Rocket Software has a history of successful acquisitions. Many of the compa
Datum laatste update: 01 juli 2025