Publicly traded business software companies Omniture Inc. and Visual Sciences
Inc. agreed to merge in a stock and cash transaction valued at approximately
$394 million. Under the terms of the agreement, Visual Sciences shareholders
will receive $2.39 in cash per share and a fixed exchange ratio of 0.49 shares
of Omniture stock for each Visual Sciences share, on a fully diluted basis.
Based upon Omniture’s closing price on Wednesday, this yields a total
consideration of $18.04 per share. Upon the close of the transaction, Visual
Sciences stockholders will own approximately 13.7% of the combined company on a
pro forma basis. The companies will host a conference call at 6 p.m. Thursday. —
Matthew Wurtzel
See press release
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