BURLINGTON, Massachusetts, April 8,
2019 /PRNewswire/ -- Attunity Ltd. (NasdaqCM: ATTU)
("Attunity"), a leading provider of data integration and big data
management software solutions, today announced that at Attunity's
extraordinary general meeting of shareholders held on April 7, 2019, Attunity shareholders voted to
approve (1) the previously announced acquisition of Attunity by
QlikTech International AB ("Parent"), and all transactions and
arrangements contemplated under the related merger agreement,
including the merger of Joffiger Ltd., an Israeli company and a
wholly-owned subsidiary of Parent with and into Attunity (the
so-called "merger proposal"), and (2) the accelerated vesting, as
of immediately prior to the effective time of the merger, of the
unvested portion of equity-based awards granted to Attunity's
non-employee directors (the so-called "director proposal").
At the meeting, approximately 12.6 million ordinary shares, or
93% of the votes cast at the meeting (which are neither held by
Parent nor its affiliates), voted in favor of the merger
proposal.
Attunity has also reported that all of the antitrust approvals
and clearances required for the merger have been obtained. Subject
to the satisfaction or waiver of the closing conditions set forth
in the merger agreement, Attunity expects the merger to be
completed during May 2019, following
the expiration of a mandatory 30-day waiting period following the
shareholder approval in accordance with Israeli law. At the closing
of the merger, Attunity shareholders will be entitled to
receive US$23.50 per share in cash,
without interest and less any applicable withholding taxes, for
each ordinary share of Attunity owned immediately prior to the
effective time of the acquisition.
About Attunity
Attunity is a leading provider of data
integration and big data management software solutions that enable
availability, delivery and management of data across heterogeneous
enterprise platforms, organizations and the cloud. Attunity's
software solutions include data replication and
distribution, test data management, change data capture
(CDC), data connectivity, enterprise file replication
(EFR), managed file transfer (MFT), data warehouse
automation, data usage analytics and cloud data
delivery.
Attunity has supplied innovative software solutions to its
enterprise-class customers for over 20 years and has successful
deployments at thousands of organizations worldwide. Attunity
provides software directly and indirectly through various partners
such as Microsoft, Oracle, IBM and Hewlett Packard Enterprise.
Headquartered in Boston, Attunity
serves its customers via offices in North
America, Europe, and
Asia Pacific and through a network
of local partners. For more information, visit
www.attunity.com or our blog and join our community on
Twitter, Facebook, Linkedin and YouTube.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995 and other applicable
securities laws. Statements preceded by, followed by, or that
otherwise include the words "believes", "expects", "anticipates",
"intends", "estimates", "plans", and similar expressions or future
or conditional verbs such as "will", "should", "would", "may" and
"could" are generally forward-looking in nature and not historical
facts. Because such statements deal with future events, they are
subject to various risks and uncertainties and actual results,
expressed or implied by such forward-looking statements, could
differ materially from Attunity's current expectations. Factors
that could cause or contribute to such differences include, but are
not limited to, risks and uncertainties relating to:
uncertainty as to whether the merger will be completed; the
occurrence of any event, change or other circumstances that could
give rise to the termination of the merger agreement; costs and
potential litigation associated with the merger; the failure to
satisfy the closing conditions set forth in the merger agreement;
risks that the merger disrupts current plans and operations and the
potential difficulties in employee retention as a result of the
merger; the distraction of management of Attunity resulting from
the merger; and the other risk factors discussed from time to time
by Attunity in reports filed with, or furnished to, the SEC. Except
as otherwise required by law, Attunity undertakes no obligation to
publicly release any revisions to these forward-looking statements
to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.
The contents of any website or hyperlinks mentioned in this
press release are for informational purposes and the contents
thereof are not part of this press release.
© Attunity 2019. All Rights
Reserved. Attunity is a registered trademark
of Attunity Inc. All other product and company names
herein may be trademarks of their respective owners.
For more information, please contact:
Investor Contact:
Allison Soss
KCSA Strategic Communications
+1-212-896-1267
Attunity@kcsa.com
Company Contact:
Dror
Harel-Elkayam, CFO
Attunity Ltd.
+972-9-899-3000
Dror.elkayam@attunity.com
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SOURCE Attunity Ltd.