Enghouse Systems to Acquire MIND C.T.I. for About $25.4 Million

Enghouse Systems has agreed to acquire Israeli telecommunications business-support systems provider MIND C.T.I. for about $25.4 million, offering $1.30 in cash for each outstanding share—a 49% premium to the stock’s last closing price.

Today, 15:11· Money Talk· 86 reads

The Canadian software company said it signed a merger agreement to buy all of MIND C.T.I.’s outstanding shares. Completion requires approval from MIND C.T.I. shareholders, though the company’s board unanimously supports the deal, Enghouse said.

MIND C.T.I. shares rose 44% in premarket trading to $1.25.

Enghouse Systems to Acquire MIND C.T.I. for About $25.4 Million

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