Halogen Software - 500 Beiträge pro Seite

[R-BgO]

WKN A1W8PL

macht Talent Management Software als SaaS.

GAAP-Verluste, aber hohes Wachstum.

[R-BgO]

Halogen Announces Normal Course Issuer Bid

OTTAWA, March 10, 2016 /CNW/ -

Halogen Software Inc. ("Halogen" or the "Company") (TSX: HGN), a leading provider of cloud based talent management solutions, today announced that the Toronto Stock Exchange has accepted its Notice of Intention to make a normal course issuer bid. Halogen will have the right under the bid to purchase up to a maximum of 1,249,792 of its common shares (representing approximately 10.0% of the Company's public float of 12,497,928 common shares and approximately 5.7% of the Company's 21,734,675 issued and outstanding common shares as of March 3, 2016).

Subject to certain exceptions for block purchases, Halogen may not purchase more than 3,805 common shares (representing approximately 25% of the average daily trading volume of the Company's shares in the six month period prior to the bid) on any trading day. Purchases made pursuant to the normal course issuer bid will be made in the open market through the facilities of the Toronto Stock Exchange and alternative trading systems, if eligible. The normal course issuer bid will commence on March 14, 2016 and remain in effect until the earlier of March 13, 2017, the termination of the bid by Halogen or Halogen purchasing the maximum number of common shares permitted under the bid. Common shares purchased by the Company pursuant to the bid will be cancelled.

Management and the directors of Halogen believe that common shares of the Company may become available during the proposed purchase period at prices that would make such purchases in the best interests of the Company.

Halogen has established an automatic share purchase plan with a broker in order to facilitate repurchases of its common shares under its normal course issuer bid. Under the automatic share purchase plan, Halogen's broker may repurchase common shares under the normal course issuer bid at any time, including when Halogen would ordinarily not be permitted to do so due to regulatory restrictions, insider trading rules or self-imposed blackout periods. Purchases will be made by the broker based on the terms agreed to by Halogen and the broker.

During the previous year, Halogen authorized an automatic share purchase plan that commenced on March 13, 2015 and will expire on March 12, 2016. Pursuant to this plan, Halogen is permitted to make purchases of up to 600,000 of its Common Shares up to a maximum amount of CDN$5,000,000. Purchases under such plan are made through the facilities of the Toronto Stock Exchange (and alternative trading systems). As of March 3, 2016, a total of 568,343 Common shares with a weighted average price paid per Common Share of $7.87 have been purchased by Halogen pursuant to this plan.

[R-BgO]

Antwort auf Beitrag Nr.: 50.329.857 von R-BgO am 04.08.15 17:22:06

gestern kam Q2,

zum ersten Mal ein Gewinn;

eben erste Stücke gekauft

[R-BgO]

http://seekingalpha.com/article/3976725-halogen-expense-prob…

[R-BgO]

Antwort auf Beitrag Nr.: 52.999.519 von R-BgO am 05.08.16 16:47:56

ärgerlich:

February 23, 2017

Halogen Software to be acquired by Saba Software

Board supports an all-cash purchase price of CAD$12.50 per share; represents 56% premium to unaffected share price on January 11, 2017.

Shareholders representing 54% in aggregate, including Michael Slaunwhite, JMI and certain other shareholders, directors and officers entered into voting support agreements.


OTTAWA, Feb. 23, 2017 /CNW/ -

Halogen Software Inc. ("Halogen" or the "Corporation") (TSX: HGN), announced today that it has entered into a definitive agreement to be acquired by Saba Software, Inc. ("Saba"), a leading talent management software company headquartered in California. The agreement contemplates that Saba and Vector Capital, together with their affiliates, (the "Vector Group") will acquire all of the issued and outstanding shares of Halogen, other than shares re-invested by Halogen's Executive Chairman Michael Slaunwhite and parties related to him, for CAD$12.50 in cash per share implying an aggregate fully-diluted equity value for Halogen of approximately CAD$293 million.


Key Transaction Highlights

With the acquisition of Halogen, Saba aims to extend its position as a leading provider of end-to-end SaaS Talent Management Solutions.

In combination with Saba's robust learning, social and engagement capabilities, Halogen's solutions and expertise in performance management will allow Saba to further accelerate talent innovation that aims to transform the employee experience and embrace new workplace dynamics.

The cash purchase price represents a 56% premium to Halogen's unaffected share price of $8.00 on January 11, 2017 (the last trading day prior to Halogen's announcement of the formation of a strategic review committee), and a 21% premium to the 20-day volume weighted average price for the period ending February 22, 2017.

Mr. Slaunwhite and parties related to him collectively own approximately 32% of Halogen's outstanding shares and will be re-investing up to 6.8 million shares worth of their current ownership into the combined entity. Mr. Slaunwhite will become Chairman of the combined company and will be one of its largest independent shareholders.

Halogen's Board of Directors (the "Board") (with conflicted directors abstaining) recommends that shareholders vote in favour of the transaction.

"The transaction provides compelling and certain value, an attractive premium, and liquidity to our shareholders, after a comprehensive strategic alternatives review process," said Rob Ashe, the Chairman of the Special Committee. "Teaming up with Saba also strengthens and accelerates Halogen's future growth prospects; these are two pioneers in learning and performance, who share a strong vision for the future of talent management."

"We have built Halogen into a market leader in performance management by investing in the talented and innovative team that began here in Ottawa more than 20 years ago," said Michael Slaunwhite, Executive Chairman of Halogen Software. "I look forward to joining forces with Vector Capital and Saba. Together, we have the opportunity to scale faster and lead the way in performance, learning and engagement, and expand our global impact."


Transaction Details

The transaction will be implemented by way of a statutory plan of arrangement under the Ontario Business Corporations Act and is subject to court approval and the approval of at least two-thirds of the votes cast by holders of Halogen's shares; and by a simple majority of the votes cast by all shareholders other than Michael Slaunwhite and parties related to him.

The Board's recommendation of the transaction is the result of the Special Committee's strategic review process that began in the fall of 2016. After significant review of the transaction and alternative proposals, the Special Committee, in consultation with its financial and legal advisors, recommended the transaction to the Board.

In making their respective determinations, the Board and the Special Committee considered, among other factors, a formal valuation from MNP LLP and a fairness opinion from National Bank Financial, to the effect that the cash purchase price of CAD$12.50 per share to be received by the shareholders is fair, from a financial point of view, to the shareholders (other than Michael Slaunwhite).

In connection with the transaction, Michael Slaunwhite (and parties related to him), JMI, and certain other shareholders, directors and officers who together hold in aggregate approximately 12.5 million of the fully-diluted shares or approximately 54% of the fully-diluted shares of the Corporation, have entered into voting support agreements with the Vector Group pursuant to which they have agreed to vote all of their shares in favour of the transaction.

The Corporation has agreed not to solicit competing acquisition proposals, subject to customary "fiduciary out" provisions, which entitle the Corporation to consider and accept a superior proposal. The agreement also provides for the payment of a termination fee of $10.25 million, and the payment of a reverse termination fee of $20.5 million, in certain circumstances.

[R-BgO]

Antwort auf Beitrag Nr.: 54.468.522 von R-BgO am 05.03.17 13:32:51

Stücke wurden heute ausgebucht

over-and-out

[R-BgO]

widen the gap

[R-BgO]

Friedhof der Übernahmen