Fortissimo Takes Comverse's Software Co. Stake For $80M
Per the agreement with Israel-based Fortissimo, about $10.5 million will be held in escrow for 24 months to cover potential post-closing indemnification claims, Comverse said in an 8-K filed with the U.S. Securities and Exchange Commission. Pending regulatory approvals, the deal is expected to close by Oct. 19.
“In addition, the share...
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