But Oak may raise the offer price by another 3 cents a share depending on Vancouver, British Columbia-based Pivotal’s financial performance to mid-October. The total transaction is estimated to be worth around $44 million.
Under the terms of the agreement, Pivotal’s business will be combined with Talisma Corp, a privately held provider of Microsoft-based eService products based in Kirkland, Washington. However, Oak will be the controlling shareholder of the combined business.
Oak Investment has a total of $4.2 billion in committed capital. The deal is expected to close by the end of this year.
This article was based on material originally published by ComputerWire.
