Carlsbad-based software company Document Sciences has been purchased by EMC Corp. of suburban Boston for $85 million in cash according to a story in the San Diego Business Journal.
The $14.75-per-share offer is a 79 percent premium on Document Sciences’ Dec. 26 closing price of $8.24 per share. . .The deal still needs stockholder and regulatory approval, and is expected to close in the first quarter of 2008.
Happy New Year to Document’s stock holders. We like 79 percent premiums.
[Link: San Diego Business Journal]
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