DG FastChannel Announces Commencement Of Tender Offer
June 28, 2011 at 6:41 AM (PT)
DG FASTCHANNEL, a provider of digital media services to the advertising, entertainment and broadcast industries, TODAY announced that a direct wholly-owned subsidiary of DG, DG ACQUISITION CORP. VII, has commenced the previously announced tender offer to acquire all of the outstanding shares of common stock of MEDIAMIND TECHNOLOGIES INC., a global provider of integrated digital advertising solutions, for $22.00 per share in cash, without interest.
DG and MEDIAMIND announced on JUNE 16th, the signing of a definitive merger agreement pursuant to which DG's subsidiary would commence a tender offer for all of MEDIAMIND's public shares. The terms of the merger agreement were approved by the boards of directors of DG and MEDIAMIND.