Avid and Pinnacle shareholders approve acquisition - TvTechnology

Avid and Pinnacle shareholders approve acquisition

Shareholders of both companies have approved the previously announced acquisition of Pinnacle by Avid
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Shareholders of Avid Technology and Pinnacle Systems have approved the previously announced acquisition.

At closing, Avid will issue approximately 6.2 million shares and pay $71 million in cash for Pinnacle.

For more information, visit www.avid.com.

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