Part 2 – Best of Breed vs. Best of Vendor – The Blackbaud & Convio Saga Continues
Another day, another delay in the Blackbaud/Convio saga. My Google Alert set-up just for this unfolding drama took me to the page Blackbaud has set-up to cover the intended Convio acquisition:
What is the latest update?
Regarding the offer for Convio shareholders to tender their shares, on March 21, 2012, Blackbaud announced that it has extended the expiration of its cash tender offer for all outstanding shares of common stock of Convio to midnight, New York City Time, on Wednesday, April 4, 2012. The expiration date of the tender offer may only be extended in increments of no more than ten business days each, pursuant to the terms of the merger agreement between the companies.
Regarding the ongoing DoJ process, Blackbaud will continue to respond to informal requests by the DoJ to provide additional information about its business, discuss the proposed transaction and answer any additional questions raised by the DoJ staff. Blackbaud remains committed to working cooperatively with the DoJ as it...