webMethods Inc.: Oliver Press Requests Sale, Software AG Makes Deal

| About: Mediabistro Inc. (MBIS)

In a 13D filing after the close on webMethods Inc. (WEBM), 6% shareholder Oliver Press Partners, LLC said it may seek to have the Company "pursue an extraordinary transaction such as a sale or merger."

Oliver's wish was answered quickly as webMethods announced Thursday morning that Software AG will acquire the company for $9.15 per share or approximately $546 million --- a healthy premium to Wednesday's $7.28 close.

The firm paid on average about $7 per share for its stake.

WEBM 1-yr chart
WEBM

About this article:

Expand
Tagged: , Information & Delivery Services
Want to share your opinion on this article? Add a comment.
Disagree with this article? .
To report a factual error in this article, click here