|
BEDFORD, Mass. & HYDERABAD, India--(BUSINESS
WIRE)--Megasoft Limited (BSE Code No.: 532408)
today announced that it has completed its
acquisition of Boston Communications Group, Inc.
(NASDAQ:BCGI).
The merger follows the successful completion of
the tender offer by Megasoft for all of the
shares of bcgi for the price of $3.60 per
share, net to the seller in cash, without
interest. At the time the merger became
effective, Megasoft owned in excess of 90% of
bcgi's issued and outstanding shares.
Upon the closing of the merger, all remaining
outstanding bcgi shares were converted
into the right to receive $3.60 per share, net
to the seller in cash, without interest. As a
result of the merger, bcgi has become a
wholly-owned subsidiary of Megasoft, bcgi
shares will be de-listed from the NASDAQ Global
Market and will cease trading at the close of
business today, and bcgi will cease to be
a reporting company for purposes of the
Securities Exchange Act of 1934, as amended. |
