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| Home > Categories > CRM Software > Maximizer CRM 10.5 > Press Releases |
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| Maximizer CRM 10.5 |
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Maximizer's Special Committee Announces Receipt of Revised Privatization Proposal |
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VANCOUVER, BRITISH COLUMBIA – April 15, 2009 – The Special Committee of the Board of Directors of Maximizer Software Inc. (TSX: MAX), announced today that it has received a revised proposal from Maximizer’s Chairman, Terence Hui, on behalf of a corporation controlled by his family, to purchase all of the shares of the Company not owned by his family for consideration consisting of $0.09 cash per common share. A formal offer has not yet been presented to the Special Committee or Maximizer’s shareholders.
The current proposal is subject to a number of conditions including a favourable recommendation from the independent directors of the Company.
The Board of Directors of the Company had appointed a Special Committee of independent directors to consider a proposal which was submitted in September 2007 from the Hui family and to make a recommendation to the Board with respect to the proposal. The September 2007 proposal was never formalized and therefore no recommendation was made to the Board.
Shareholders are reminded that there can be no assurance an agreement or favourable recommendation will result from the current proposal or that a formal offer will be made. |
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