Marlin Equity Increases Offer for Phoenix

Marlin Equity Partners has bumped up its offer for Phoenix Technologies (NASDAQ: PTEC) to $4.05 in cash per share of common stock, or an aggregate $146 million, matching the offer recently extended by The Gores Group. Marlin Equity originally proposed taking the company private for $3.85 in cash per share. The new offer represents a 34% premium to the company's closing share price prior to the announcement of Marlin Equity's original proposal. Phoenix Technologies develops core systems software.