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Convergys set to conclude Intervoice acquisition
TT Bureau |  |  04 Sep 2008

Convergys Corp. on Wednesday said it has received about 89 percent of Dallas-based voice and data software firm Intervoice’s outstanding shares, and expects the acquisition to conclude in a day’s time.

 

The move follows the merger agreement signed with Intervoice to acquire its shares for about $335 million, earlier in July this year.

 

Cincinnati-based Convergys said it has accepted all shares that were tendered into its offer to purchase all outstanding common stock and all other closing conditions have been agreed upon.

 

Upon completion of the merger, all the shares of Intervoice that were not purchased in the tender offer will be converted into $8.25 per share.

    
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04 Sep 2008(IST)  
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