Market Overview

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

Comverge Inc (NASDAQ: 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.

Posted-In: merger and acquisitionNews M&A

 

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