Price for Phoenix Continues to Rise
November 3, 2010- Share:
The Gores Group has once again one-upped an offer by Marlin Equity Partners to acquire Phoenix Technologies (NASDAQ: PTEC) by raising its proposed aggregate purchase price to $152 million. Recently, Marlin Equity increased its original $3.85 per share offer to $4.05 per share, matching Gores' previous proposal. The Gores Group is now offering to acquire the developer of core systems software for $4.20 in cash per share.
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