SDL wins Alterian Takeover battle
SDL has won its bid to acquire Alterian after the board of the troubled marketing technology provider unanimously recommended the approval of the translation software group’s sweetened offer. Alterian, which develops software for brand monitoring on social networks, on agreed to the all-cash 110p-a-share offer from SDL that valued Alterian’s equity at £68.4m. “The whole deal had a whiff of inevitability about it all along,” George O’Connor, an analyst at Panmure Gordon, said. “The architect of this was Alterian and its mistakes of the past couple of years.” The two companies have web content management businesses that are complementary, and the purchase will expand SDL’s customer base.
Dec 06, 2011 12:00 AM