Press Releases
The Carlyle Group and Providence Equity Partners Complete
Acquisition of Open Solutions Inc.
— Open Solutions stockholders receive $38.00 per share —
GLASTONBURY, Conn., Jan. 23, 2007 – Open Solutions Inc.Ò (NASDAQ:OPEN) today announced the completion of the merger pursuant to which Open Solutions has been acquired by affiliates of The Carlyle Group and Providence Equity Partners, two leading private equity firms.
Read more...
Open Solutions Extends Cash Tender Offer Through January 23, 2007
— Senior Subordinated Convertible Notes Due 2035 —
GLASTONBURY, CT, January 22, 2007– Open Solutions Inc.® (NASDAQ: OPEN) a provider of integrated enabling technologies for financial institutions in the United States, Canada and other international markets, today announced that it has extended the expiration date for its cash tender offer for its Senior Subordinated Convertible Notes due 2035 (the “Notes”). The tender offer is being made on the terms and conditions in the Offer to Purchase dated December 21, 2006, (the “Offer to Purchase”) and related Letter of Transmittal (“the Letter of Transmittal”).
Read more...
Open Solutions Inc. Announces Agreement To Be Acquired By The Carlyle Group and Providence Equity Partners
— Open Solutions Stockholders to receive $38.00 per Share; Transaction Valued at over $1.3 Billion —
GLASTONBURY, Conn., Oct. 16, 2006 – Open Solutions Inc.® (NASDAQ:OPEN), The Carlyle Group and Providence Equity Partners jointly announced today that they have signed a
definitive agreement under which The Carlyle Group and Providence Equity Partners will
acquire Open Solutions in a transaction valued at over $1.3 billion. Open Solutions is a provider of integrated enabling technologies for financial institutions in the United States, Canada and other international markets.
Read more...
|
