Sonar Merger Sub Inc's tender offer to acquire all outstanding shares of common stock of SoundBite Communications, Inc. expired last July 1, 2013 at 12:00 midnight, New York City time. All shares, which were tendered to the offer and not withdrawn, were accepted as payment. This shall also be promptly paid under the terms of the offer.
The total shares of common stock were 16,067,612, which represented 97% of all the outstanding shares of SoundBite. As per the tender offer on June 4, 2013, the price per share of said common stocks was US$5.00.
As a result of the merger, SoundBite became a wholly-owned subsidiary of Genesys. Genesys President and CEO Paul Segre said, "The completion of this tender marks an important step in our effort to bring the industry's most comprehensive portfolio of self-service and contact center cloud solutions to market. We are excited by the opportunity to offer customers new business-user applications for marketing, self-service, payments and collections with the SoundBite acquisition."
Join the Conversation