ESW reaches 90% of SLI Systems, moves to compulsory acquisition

Wed, 19 Dec 2018

By Jenny Ruth Dec. 19 (BusinessDesk) - ESW Holdings says it has secured acceptances for more than 90 percent of SLI Systems and is moving to compulsorily acquire the remainder in its $41.4 million takeover offer. Texas-based ESW launched a full takeover bid for SLI in October after locking up 51 percent of the company’s shares through agreements with 18 of SLI’s 1,500-odd shareholders. SLI provides e-commerce services to retailers on a software-as-a-service basis. ESW offered 65 cents per share for the business, significantly above th...

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