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General

Alianza to buy CounterPath in deal valuing the company at USD 25.7 million

Monday 7 December 2020 | 16:18 CET | News
CounterPath has agreed to its acquisition by Alianza for USD 3.49 per share in cash, implying a market share of USD 25.7 million. The agreement represents a premium of 26.3 percent to the closing price of CounterPath shares on 4 December, the last day of trading before the takeover announcement. CounterPath CEO David Karp said that Alianza and CounterPath will together deliver a complete communication and collaboration platform to its shared customer base.

The transaction has been approved by the board of directors of both companies and is expected to close in the first quarter of next year, if all conditions and requirements are met.



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Categories: General
Companies: Alianza / CounterPath
Countries: World
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