Chennai-based Megasoft and US-based Boston Communications Group (BCGI) today announced a definitive agreement, whereby Megasoft would acquire the Nasdaq-listed company for around $65 million (around Rs 260 crore) — $3.60 a share — that works out to 83 per cent of the total equity shares of the entity. The offer price includes a premium of 80 per cent compared with the traded value of $2 a share on Saturday.
The two companies are into products and services, including real-time charging, billing, pre-paid products and managed services catering to the wireless telecom space.
The acquisition will not only double our revenue, but also offer a great strategic value in terms of access to North American and Latin American markets, besides the big-ticket clients the BCGI has on its rolls.
(Source: Business Standard)
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