Summary
At issue is plaintiff's claim that defendants' failure to disclose changes in business operations and personnel resulted in inflated values of the Wonderware stock used to purchase an enginering company.
See Also
Buyer's public stock paid in acquisition drops 57% in 100 days
On Aug. 30, 1995, pursuant to a June 1995 letter of intent, Wonderware Corp. acquired all of the stock of Soft Systems Engineering Inc. (SSE) for 172,598 shares of Wonderware stock, valued at $6,399,071, based on $37.075 per share average of its last 20 days' closing Nasdaq price.