Dallas company looking to purchase Seventh Knight via stock swap
by MBJ Staff
Published: March 2,2012
Tags: acquisitions, computers, cybe crime, defense, hardware, Homeland Security, information technology, intelligence, investing, investments, investors, mergers, military, security, shares, software, stock exchange, stocks, trechnology
VICKSBURG — Fusion-Q of Dallas, Texas, has made a tender offer to acquire the shares of Seventh Knight Inc.
Under the terms, Fusion-Q has tendered an offer to acquire Seventh Knight with Fusion-Q preferred stock in exchange for the 9,674,403 shares of common stock outstanding stock of Seventh Knight. Thereafter, each Fusion-Q preferred share would be convertible into one share of restricted and unregistered All-Q-Tell common stock at $4.86 per share.
Fusion-Q Corporation is a wholly owned subsidiary of ALL-Q-TELL, a security and intelligence technology company that delivers technology solutions to government and commercial organizations. Vicksburg-based Seventh Knight is a provider of information technology security and management solutions to agencies in the intelligence, defense, homeland security and cyber domains.
According to Fusion-Q, in 2010 Seventh Knight’s patents and proprietary technology were evaluated by CONSOR, an independent intellectual asset management evaluator, which placed a future value of $297 million for Seventh Knight’s patents and technology.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Two BancorpSouth mergers delayed by federal inquiries
- Moon River Foods creating 100 jobs in Mississippi Delta
- Wasted away — Margaritaville in Biloxi to close by Sept. 19
- DAVID DALLAS: Mr. McDaniel goes to Washington
- Severstal selling plants, including Severstal Columbus
- Judge to hear from True the Vote as McDaniel attempts to overturn loss to Cochran
- Google chooses Mad Genius as example of Internet use
- WILLOUGHBY: Broadband Voice founder Gary Watts isn’t afraid to take chances
- Weyerhaeuser investing $57M to modernize lumber mill
- Police find Attorney General Hood's stolen handgun