C*ATS Software Acquires LOR/ Geske Bock
C*ATS Software has entered an agreement to acquire LOR/Geske Bock (LOR/GB), a privately held company specialising in market and credit risk software.
Under the agreement, C*ATS will pay approximately $3.3 million and will issue around 581,000 shares of its common stock in acquiring 100 per cent ownership of Los Angeles and Berkeley-based LOR/GB.
C*ATS will also assume all outstanding options to purchase LOR/GB common stock, exchanging such for equivalent shares of its own common stock.
Sources
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