Everbridge Buys 94.2% of UMS
Tuesday, April 03, 2018 | Comments

Everbridge Holdings completed the voluntary offer to acquire the entire issued share capital of Unified Messaging Systems. Payment of the offer price is being made to the UMS shareholders who accepted the offer. At the same time, 184.7 million tendered shares are being transferred to Everbridge. As a result, Everbridge now holds 186.4 million shares, representing about 94.2 percent of the total shares in UMS, on a fully diluted basis.

Everbridge made a US$33.6 million offer for UMS in March.

Everbridge intends to initiate a compulsory acquisition of the remaining outstanding shares of UMS in accordance with applicable laws and propose that an application is filed with the Oslo Stock Exchange to delist the shares of UMS.

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