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...
To view the full article, register now.