Key Developments: Peerless Systems Corp (PRLS.PH)

PRLS.PH on Philadelphia Stock Exchange

7 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Peerless Systems Corporation to be acquired for $7.00 per share in cash
Monday, 22 Dec 2014 04:04pm EST 

Peerless Systems Corporation:Enters into a definitive merger agreement to be acquired by Mobius Acquisition, LLC for $7.00 per share in cash, pursuant to a cash tender offer and second step merger.Upon completion of the transaction, Peerless will become a privately held company.Peerless board of directors has unanimously approved the agreement and recommended that the shareholders of Peerless accept the offer and tender their shares into the offer.Neither management nor members of the Board of Directors of Peerless have any affiliation with Mobius.  Full Article

Peerless Systems closes acquisition of 80 pct of Deer Valley Corp
Monday, 6 Oct 2014 04:01pm EDT 

Peerless Systems Corp:Announces that its wholly owned subsidiary, Peerless Homes Corp, has consummated its previously announced agreement to acquire 80 pct of Deer Valley Corporation for about $3.7 million.  Full Article

Peerless Systems Corp agrees to acquire 80pct of Deer Valley Corporation
Wednesday, 3 Sep 2014 12:27pm EDT 

Peerless Systems Corp:Enters into definitive stock purchase agreement (SPA) with Vicis Capital Master Fund (Vicis) and Deer Valley Corporation pursuant to which it will acquire 80pct of the outstanding common stock of Deer Valley Corporation.Consummation of the transaction is expected to occur prior to Sept. 30.Under the terms of the SPA, it will acquire 12,310,458 shares of Deer Valley common stock from Vicis for $3,600,000 and 126,000 shares of Common Stock from Deer Valley for $81,900 representing 79.93pct and 0.8pct of the issued and outstanding shares of Common Stock, respectively.  Full Article

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