HIG Extends $49M Comverge Offer After Failed Injunction Bid

Law360, New York (May 9, 2012, 3:55 PM EDT) -- Private equity firm HIG Capital LLC on Wednesday extended its $49 million offer for Comverge Inc., giving investors more time to sell their shares after a judge refused to block the deal Comverge has said would give it the cash it needs to survive.

The announcement was made directly after the original offer's midnight deadline. At that point, more than 13.5 million shares had been tendered — roughly 49.5 percent of total outstanding shares, according to HIG.

The extended offer was set to close at 5...
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