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Old 08-10-2023, 12:02 PM
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DonaldM DonaldM is offline
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Location: Indiana
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Default Avid Strikes a Deal with STG - going private

Announced yesterday it looks like. Avid is going private with a deal with STG.
According to the announcement

The transaction was unanimously approved by Avid’s Board of Directors and is expected to close during the fourth quarter of 2023, subject to Avid stockholder approval, regulatory approvals and other customary closing conditions. The transaction will be financed through a combination of equity and debt financing and is not subject to a financing condition. Upon completion of the transaction, Avid will become a privately-held company, and its common stock will no longer be traded on Nasdaq.
For further information regarding the terms and conditions contained in the definitive transaction agreement, please see Avid’s current report on Form 8-K, which will be filed with the U.S. Securities and Exchange Commission in connection with the transaction.
There's more about it on the Avid website.

I'm sure we'll learn more in the days/weeks ahead.
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Old 04-04-2024, 05:13 PM
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The Weed The Weed is offline
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Default Re: Avid Strikes a Deal with STG - going private

STG picks up another company:

"MediaValet Inc., the Vancouver-headquartered provider of enterprise digital asset management (DAM), video content management and creative operations software, has announced the completion of its acquisition by an affiliate of STG. All issued and outstanding common shares of the company have been acquired in exchange for CAD$1.71in cash per share. MediaValet’s shares are expected to be delisted from theToronto StockExchange (TSX) shortly."
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