OTG to Acquire Smart Storage
March 30, 2021 |
OTG Software and Smart Storage have announced that the two companies have signed a definitive agreement for OTG to acquire Smart Storage. Under the terms of the agreement, OTG anticipates that it will acquire Smart Storage in a stock-for-stock transaction of approximately 3.55 million OTG common shares. The pooling-of-interests acquisition is subject to customary closing conditions, and will be nominally accretive to the combined financial statements by the end of 2001.
(OTG Software, Inc., 6701 Democracy Boulevard, 8th Floor, Bethesda, MD 20817; 800/324-4222, 301/897-1400; http://www.otg.com. Smart Storage, Inc., 100 Burtt Road, Suite 204, Andover, MA 01810; 888/479-0100, 978/623-3300; Fax 978/470-1908; http://www.smartstorage.com)