Dallas company looking to purchase Seventh Knight via stock swap

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.

[RSS Feed] [del.icio.us]



To sign up for Mississippi Business Daily Updates, click here.

POST A COMMENT

 

FOLLOW THE MBJ ON TWITTER

Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

Top Posts & Pages

%d bloggers like this: