By Lisa Kerner
Charlotte, N.C., Feb. 22 - Docucorp International Inc.'s stockholders approved the company's merger agreement with Skywire Software LLC, a subsidiary of Hall Financial Group.
Under the agreement, Docucorp stockholders will receive $10.00 in cash for each share of Docucorp common stock held.
The merger is expected to close on Friday, according to a company news release.
Docucorp and Skywire will merge and operate as a privately held subsidiary of Hall Financial Group.
Dallas-based Docucorp markets customer communication management software.
Skyline is a diversified software company based in Frisco, Texas, that specializes in insurance, financial services and enterprise services management.
| Acquirer: | Skywire Software LLC
|
| Target: | Docucorp International Inc.
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| Payment per share: | $10.00
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| Announcement date: | Dec. 6
|
| Expected closing: | Feb. 23
|
| Stock price for target: | Nasdaq: DOCC; $10.03 on Feb. 21
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