AGC Networks’ step-down subsidiary -- Host Merger Sub, Inc., -- has commenced a cash tender offer to acquire all of the outstanding shares of common stock of Black Box Corporation at a purchase price of $1.08 per share, before deduction of applicable withholding taxes and without interest.
Following the completion of the tender offer, AGC Networks expects to consummate a merger of Host Merger Sub, Inc. with and into Black Box, with Black Box surviving as an indirect wholly owned subsidiary of AGC, as a result of which the remaining Black Box stockholders will receive the same consideration per share as paid in the tender offer.
AGC Networks is the client’s trusted global technology integrator to architect, deploy, manage and secure their IT environment through customized solutions and services that accelerate their business.
