Summary
This 8-K filing from Adobe Inc. on October 26, 2009, announces the successful completion of its acquisition of Omniture, Inc. The acquisition was structured as a two-step transaction, beginning with a cash tender offer for Omniture shares at $21.50 per share, followed by a short-form merger. Adobe's tender offer garnered significant participation, with approximately 86.68% of Omniture's outstanding shares tendered and accepted for payment. The acquisition, valued at approximately $1.8 billion on a fully-diluted equity-value basis, was funded by Adobe's existing cash reserves and credit facility. The completion of this deal marks a significant strategic move for Adobe, integrating Omniture's web analytics and online marketing solutions into its portfolio, aiming to bolster its presence in the digital marketing space.
Key Highlights
- 1Adobe Systems Incorporated has successfully completed the acquisition of Omniture, Inc. for approximately $1.8 billion.
- 2The acquisition was a two-step process involving a cash tender offer for Omniture shares at $21.50 per share, followed by a merger.
- 3Approximately 86.68% of Omniture's outstanding shares were tendered and accepted in the cash tender offer.
- 4Omniture has become a wholly-owned subsidiary of Adobe.
- 5Adobe funded the acquisition using its existing cash balances and revolving credit facility.
- 6Omniture's shares have ceased trading on The NASDAQ Global Select Market.
- 7Required financial statements and pro forma information related to the acquisition will be filed by amendment at a later date.