Optibase, Ltd. to Acquire Viewgraphics, Inc.
January 04, 2021 | Optibase, Ltd. has announced that
it has signed definitive agreements to acquire Viewgraphics, Inc.
Optibase?s board of directors has approved the agreements. Under
the terms of the agreement, Optibase will first purchase all of
Viewgraphics? intellectual property, and then acquire all of the
company?s outstanding shares, options, and warrants. The aggregate
consideration will amount to approximately $30 million in cash,
and 1.37 million newly issued shares of Optibase?s common stock.
Optibase will also assume the unvested options of Viewgraphics.
When completed, Viewgraphics will operate as a wholly owned subsidiary
of Optibase, Inc.
(Optibase, Inc., 3031 Tisch Way, Plaza West, Suite 1, San Jose,
CA 95128; 800/451-5101, 408/260-6760; Fax 408/244-0545; http://www.optibase.com.
Viewgraphics, Inc., 1250 Space Park Way, Mountain View, CA 94043;
650/903-4900; Fax 650/969-6388; http://www.viewgraphics.com)