Vera Therapeutics, Inc. (NASDAQ:VERA)

WEB NEWS

Wednesday, May 1, 2013

Acquisition Activity
ROCHESTER, NY, May 01 (Marketwired) -- Veramark Technologies, Inc. (OTCQB: VERA) (the "Company"), a leading provider of Telecom Expense Management ("TEM") solutions, today announced that it has entered into a definitive merger agreement with Varsity Acquisition LLC ("Varsity") and All Big Ten Holdings, Inc., a wholly-owned subsidiary of Varsity ("Merger Sub") under which Merger Sub will acquire all of the outstanding common stock of the Company, par value $0.10 per share, for $0.98 per share in cash. The $0.98 per share price represents a 38% premium over the 90-day average of the Company's shares and a 29% premium to the closing price of the Company's shares on April 30, 2013.


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