Phoenix Buys TouchStone

Phoenix Technologies recently announced that it has signed a definitive agreement to acquire TouchStone Software Corporation, a company specialized in computer diagnostics and development of PC update technology. Under the terms of the agreement, TouchStone shareholders will receive $1.48 in cash for each share of TouchStone common stock, representing a 29% premium over the closing price of TouchStone’s stock on April 9, 2008.

14Apr2008 | Robin Wauters | 0 comments | Continued