Buyer's public stock paid in acquisition drops 57% in 100 days

Business Valuation UpdateVol. 3 No. 11
Legal and Court Case Update
November 1997

Access the Full Article

This article is available with a subscription to any of these products:
Already a subscriber?  Login
This article is also available for purchase. (490 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
7372 Prepackaged Software
511210 Software Publishers
fraud
Voit v. Wonderware
977 F. Supp. 363, 1997 U.S. Dist. LEXIS 13856
September 8, 1997
US
Federal Court
Pennsylvania
United States Bankruptcy Court
Joyner

Summary

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.

See Also

Voit v. Wonderware

Full Text of Court Cases
September 8, 1997

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.