Cam Commerce sets meeting date for merger vote

By Lisa Kerner

Charlotte, N.C., July 14 - Cam Commerce Solutions, Inc. will hold a special meeting of stockholders on Aug. 14 at noon ET to vote on the company's merger with affiliates of Great Hill Partners, LLC.

Under the merger agreement, Cam Commerce shareholders will receive $40.50 per share in cash, according to a schedule 14A filed with the Securities and Exchange Commission.

In addition, each outstanding option to purchase Cam Commerce common stock that has an exercise price of less than $40.50 will be converted into the right to receive $40.50 in cash without interest, less the exercise price and applicable withholding taxes, it was noted in the filing.

Cam Commerce's board of directors recommends its shareholders vote for the adoption of the merger agreement.

Based in Fountain Valley, Calif., Cam Commerce designs and develops integrated retailing and payment processing solutions for small to medium size traditional and e-commerce businesses.

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