Pervasive Software Receives Unsolicited Non-Binding Letter from Actian Corporation
8/13/2012 6:26 PM
Pervasive Software ® Inc. (NASDAQ: PVSW), a global leader in cloud-based and on-premises data innovation, today announced that it is in receipt of an unsolicited non-binding letter from Actian Corporation proposing to acquire all of the outstanding shares of Pervasive common stock for $8.50 per share in cash. Consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, the Pervasive board of directors will continue to evaluate the proposal and determine the appropriate course of action that it believes is in the best interests of Pervasive’s stockholders.
About Pervasive Software
Pervasive is a global data innovation leader, delivering software to manage, integrate and analyze data, in the cloud or on-premises, throughout the entire data lifecycle. Pervasive products deliver value to tens of thousands of customers worldwide, often embedded within partners’ software, with breakthrough performance, flexibility, reliability and return on investment. For additional information, go to www.pervasive.com.
This release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements included in this document are based upon information available to Pervasive as of the date hereof, and Pervasive assumes no obligation to update any such forward-looking statement.
All Pervasive brand and product names are trademarks or registered trademarks of Pervasive Software Inc. in the United States and other countries. All other marks are the property of their respective owners.