Electronics For Imaging to sell itself to Siris Capital unit

April 15 (Reuters) - Digital printing company Electronics For Imaging Inc said on Monday it would be bought by an affiliate of private equity firm Siris Capital Group LLC in an all-cash deal valued at about $1.7 billion.

Under the terms of the deal, an affiliate of Siris will buy all the outstanding shares of EFI for $37 per share in cash, representing a premium of about 26 percent to the company's closing price on Friday.

OCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">

April 15 (Reuters) - Digital printing company Electronics For Imaging Inc said on Monday it would be bought by an affiliate of private equity firm Siris Capital Group LLC in an all-cash deal valued at about $1.7 billion.

Under the terms of the deal, an affiliate of Siris will buy all the outstanding shares of EFI for $37 per share in cash, representing a premium of about 26 percent to the company's closing price on Friday.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.