Sajan Enters into Merger Agreement to be Acquired by AMPLEXOR International
SAJAN (SAJA)
US:NASDAQ Investor Relations:
sajan.com/company/investor-relations
Company Research
Source: GlobeNewswire
RIVER FALLS, Wis. and BERTRANGE, Luxembourg, April 26, 2017 (GLOBE NEWSWIRE) -- Sajan Inc. (Nasdaq:SAJA) and AMPLEXOR International SA, today announced that a definitive merger agreement has been signed, whereby Sajan will be acquired by a wholly-owned subsidiary of AMPLEXOR International. Under the terms of the merger agreement, Sajan shareholders will receive $5.83 per share in cash for each share of Sajan common stock, representing a 46 percent premium over Sajan’s closing price as of April 25, 2017. “We are pleased to announce this agreement,” said Shannon Zimmerman, Chairman and CEO of Sajan. “The acquisition has been strategically conceived and results in a uniquely robust global content solution provider with a broad breadth of capabilities far beyond traditional language translation only.” Zimmerman continued, “This union immediately creates a strong global provider that possesses a variety of technologies, global content solutions and customer support in numerous countries
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