Today the company, a leading provider of customer relationship management software and services, announced it has entered into a definitive agreement to be acquired by Pegasystems (NASDAQ: PEGA). Under the terms of the agreement, Pegasystems will make a cash tender offer of $5.00 per share for all outstanding shares of Chordiant common stock for a total purchase price of up to approximately $161.5 million, assuming all outstanding shares are tendered.
RadNet Inc. (NASDAQ: RDNT) is trading at $3.03 up $0.28 or 10% on heavy volume of 467k
Today the company reported record 4th quarter and annual results for 2009. They also announced a debt refinancing plan and a few strategic acquisitions.
- Reported record revenue of $131.8 million for the 4th quarter
- Announced it has closed one strategic acquisition and signed letters of intent to make an additional two strategic acquisitions that, on a combined annualized basis, are expected to generate revenue of $36million. These acquisitions are designed to enhance RadNet's core market presence in California and Northern New Jersey
- Announced a debt refinancing plan consisting of $485 million of senior secured debt and senior unsecured notes, along with an untapped revolving credit facility for $100 million; transaction would significantly lengthen debt maturities, enhance liquidity, fund two potential strategic acquisitions and provide growth capital.
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