socalTechnews
Home
Mobile
News and Events
  • Headlines
  • Events
  • Interviews
  • Jobs
  • Directory
    		•
    Members Only
  • Networking
  • Venture Deals
  • Venture Firms
  • Companies
    • About
  • Membership
  • About
  • Contact Us
    		•
    Search News
    Friday, October 14, 2005

    Overland Rejects Takeover Offer
    San Diego-based tape backup provider Overland Storage said yesterday that it is rejecting a takeover bid from rival Advanced Digital Information Corporation (ADIC). ADIC, the prime competitor to Overland's products, had offered to acquire all of the outstanding stock of Overland for $7.90 per share. Overland said that a special committee of its board of directors and advisor Needham & Co. determined that pursuing an offer on the suggested terms would not be in the best interest of Overland's shareholders.
    posted on Friday, October 14, 2005

    Related companies:
    Overland Storage

    Related stories:
    > International Rectifier Rejects Takeover Bid
    > Overland Closes San Diego Manufacturing Facilities
    > Overland Acquires Zetta Systems
    > Overland Axes Staff
    > Overland Names Marketing VP

    RSS subscri be via emailEmail


    Previous news:

     Tuesday, October 14, 2008
    Monday, October 13, 2008
    Friday, October 10, 2008
    Thursday, October 9, 2008
    Wednesday, October 8, 2008