India, Nov. 10 -- On Tuesday, Enghouse Systems Limited (ENGH.TO), a global enterprise software provider, signed an agreement to acquire MIND C.T.I. Ltd. (MNDO). MIND CTI provides business support systems for telecommunications companies, as well as unified communications analytics and messaging solutions for businesses.
Under the terms of the agreement, which has been approved unanimously by the boards of directors of both companies, Enghouse will acquire all the outstanding shares of MIND CTI for US$1.30 per share in cash, for a total equity value of approximately US$25.4 million.
The purchase price of US$1.30 per share represents a premium of approximately 42% over the volume weighted average closing price of US$0.92 per share of MIND C...