This merger will also deliver premium value and liquidity to Versant's shareholders." "We believe we can leverage our combined strength in managing complex information in environments that demand high performance to lead in the business intelligence and analytics market. "Versant and Actian have complementary businesses," said Bernhard Woebker, Versant's President and Chief Executive Officer. Actian's $13.00 per share cash purchase price represents a premium of approximately 13% over the $11.50 per share price contemplated by the prior merger agreement with Unicom, and a 32% premium over Versant's closing price of $9.85 per share on the last trading day before announcement of the prior agreement with Unicom. ("Unicom") in accordance with the terms of that agreement. Versant's Board of Directors unanimously approved the Actian Acquisition Agreement and authorized termination of Versant's previously announced merger agreement with UNICOM Systems, Inc. 21, 2012 (GLOBE NEWSWIRE) - Actian Corporation and Versant Corporation (Nasdaq:VSNT), both industry leaders in real-time information management, announced today that they have entered into a definitive merger agreement (the "Actian Acquisition Agreement") pursuant to which Actian will acquire all of the outstanding common shares of Versant for $13.00 per share in cash for an aggregate purchase price of approximately $37 million.
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