Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tumbleweed Communications Corp. > News item |
Tumbleweed shareholders OK deal with Sopra
By Lisa Kerner
Charlotte, N.C., Aug. 8 - Tumbleweed Communications Corp. stockholders approved the company's merger with a Sopra Group SA subsidiary at a special meeting on Friday.
The merger is expected to close in the third quarter, a Tumbleweed news release said.
In June Sopra, a Paris-based internet technology consulting company, announced that its subsidiary, Axway, would acquire all the outstanding stock of Tumbleweed for $2.70 cash per share, or a reported $138 million.
Tumbleweed is a Redwood City, Calif., messaging security solutions company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.