Comverge Agrees To Be Acquired By H.I.G. Capital

Comverge Inc COMV agreed to be bought by Peak Merger Corp, an affiliate of H.I.G. Capital LLC, for $1.75 per share in cash, or around $49 million in equity value. The offer price represents around 18% premium to Comverge's average closing price of $1.48 over the last 30 days. Comverge shares gained 0.53% to $1.90 in pre-market trading.