Datamirror hits the bid
Earlier today, IBM announced that it would be acquiring closely-held Datamirror (DMC:TSX) for $27.00 per shares. As the natural acquiror, it can’t come as any surprise that they finally reached a deal with Nigel et al. Just a matter of price and timing.
Our more avid readers may recall DMC’s takeover was predicted here on a couple of occasions (“Charles Jones raises large software buyout fund“, November 14-06 and “Takeovers to come part 2“, April 18-07).
Rest assured that I didn’t eat my own cooking, and didn’t buy any DMC back in April at $14 either! Interesting that IBM put out the news release, and that it doesn’t appear on DMC’s site as of yet. So no news of which investment dealer gave the DMC board a fairness opinion, for example.
Congrats to Nigel and the team on a great – and patient – win.