Upon closing of Avid’s acquisition of Pinnacle Systems, Pinnacle shareholders will receive about 6.2 million shares of Avid stock and about $71 million in cash

The European Commission has given its regulatory blessing to Avid on its proposed acquisition of Pinnacle, which should be complete by Aug. 9, 2005. In July, the deal was approved by both company's shareholders, days after Pinnacle rejected an eleventh hour offer by San Francisco-based private investor, Vector Cap

Shareholders of both companies have approved the previously announced acquisition of Pinnacle by Avid

Avid's acquisition of Pinnacle Systems was approved this week by both company's shareholders, days after Pinnacle rejected an eleventh hour offer by San Francisco-based private investor, Vector Capital. In March, Avid agreed to purchase the video editing technology manufacturer in a deal valued at $462 million. Si

Avid announced this week that it is acquiring Pinnacle in a deal that includes a stock and cash transaction. The $462 million deal--of approximately $6.2 million shares and $71.3 million in cash--is based on Avid's March 18 closing stock price of $62.95 and is expected to be complete by July. Shareholders of

The closing of the transaction remains subject to approval by European regulators

Under the terms of the transaction Leitch shareholders will receive $14 in cash for each common share of Leitch

Avid Technology and Pinnacle Systems announced on Monday that Avid has entered into a definitive agreement to acquire Pinnacle in a cash and stock transaction. The acquisition is subject to satisfying a number of closing conditions, including shareholder and regulatory approvals, and is expected to close in the second or third quarter of 2005.