Vista Equity Partners Extends Tender Offer to Acquire All Outstanding Shares of ACTIVE Network at $14.50/Share
SAN DIEGO--(BUSINESS WIRE)--
In connection with the previously announced agreement to acquire ACTIVE
Network (NYSE: ACTV) Vista Equity Partners
(“Vista”) and Active today announced that Athlaction Merger Sub, Inc.
has extended the expiration of its tender offer to acquire all of the
outstanding shares of common stock of the Company at a price of $14.50
per share, net to the seller in cash without interest, to 12:00
midnight, New York City time, on November 15, 2013 (one minute after
11:59 p.m., New York City time, on November 14, 2013), unless further
extended. The tender offer was previously scheduled to expire at 5:00
p.m., New York City time, on November 14, 2013. All other terms and
conditions of the tender offer remain unchanged.