Vision Solutions To Acquire Double-Take
Data protection software vendor Double-Take Software has agreed to be acquired by Vision Solutions, a developer of high-availability and disaster recovery software in a move that is already being challenged by a potential shareholder class-action lawsuit.
Vision Solutions on Monday said it plans acquire Double-Take for $242 million, or about $10.55 in cash per share. That is a premium of about 21 percent over Double-Take’s share price of $8.71 on April 9, when the company said it was considering a potential sale of the company.
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