Sajan, Inc (NASDAQ:SAJA) and AMPLEXOR International SA have today moved forward to make public their new merger agreement. By signing into the agreement, Sajan will from that moment on be under total ownership of the wholly-owned subsidiary of AMPLEXOR International.
According to the terms stipulated during the merger, Sajan’s shareholders are set to receive $5.83 for every one share each. As a matter of fact, this will be a representation of about 46 percent premium in relation to a close price witnessed by Sajan somewhere in April 25, 2017.
The chairman, who is at the same time the CEO of Sajan during a press briefing said, “We are pleased to announce this agreement. The acquisition has been strategically conceived and results in a uniquely robust global content solution provider with a broad breadth of capabilities far beyond traditional language translation only.”
The top executive proceeded, “This union immediately creates a strong global provider that possesses a variety of technologies, global content solutions and customer support in numerous countries and a well-aligned culture of innovation shared between the two organizations. Our Board of Directors believes this transaction is in the best interest of our shareholders and affirms Sajan’s value as a leading provider of Language Translation Services. AMPLEXOR was looking for a strong partner in the United States to complement their global organization and found that in Sajan.”
Sajan’s Board of Directors and the committee of independent directors have moved ahead to approve the merger .They see it as an important stepping stone that will see to it that greater revenues are fetched which will of course facilitate major expansions and the provision of better quality services.
According to the company’s insiders, the close of the transaction will as a matter of fact be subject to numerous customary closing conditions one of them being the affirmative vote in favor of the truncations made by the major shareholders from Sajan.
Speaking on behalf of the company, the CEO of AMPLEXOR, Mark Evenepoel said, “As we sought to strengthen our U.S. presence and grow our Language Services offering and competencies, Sajan proved to be a perfect fit. Sajan’s technology skills, delivery capacity and geographic reach are fully complementary to AMPLEXOR’s,”
