LONDON (Thomson Financial) - Iona Technologies PLC. said Institutional Shareholder Services (ISS), a global proxy advisory firm, recommends in favour of the proposed acquisition of IONA Technologies by Progress Software Corp.
The resolutions will be presented to IONA shareholders at both the Extraordinary General Meeting and Court Meeting to be held on August 28.
Progress Software has agreed to buy Irish-based software integration technology company IONA for $4.05 per share in cash, representing a total equity value of around $162 million, or $106 million net of cash and marketable securities. tf.TFN-Europe_newsdesk@thomsonreuters.com slm COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
The resolutions will be presented to IONA shareholders at both the Extraordinary General Meeting and Court Meeting to be held on August 28.
Progress Software has agreed to buy Irish-based software integration technology company IONA for $4.05 per share in cash, representing a total equity value of around $162 million, or $106 million net of cash and marketable securities. tf.TFN-Europe_newsdesk@thomsonreuters.com slm COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
© 2008 AFX News
