- PROS offer of €2.05 per share represents a 45% premium on Cameleon’s trailing 90-day average common stock price as of October 23, 2013.
- PROS offer includes an additional €0.15 per share cash premium to the shareholders tendering their shares and warrants if PROS succeeds in holding 95% of Cameleon’s diluted 2 voting rights by December 31, 2014, which would result in a price of €2.20 per share, representing a 55% premium on Cameleon’s trailing 90-day average common stock price as of October 23, 2013.
- Cameleon’s four largest management shareholders together with IRDI and SOPROMEC, Cameleon’s two largest independent shareholders, representing in aggregate 26% of the diluted 2 share capital of Cameleon, have agreed to tender their shares to PROS, subject to regulatory approvals and other customary conditions.
PROS Announces Plans To Acquire Cameleon Software, A Market Leading CPQ Company
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