Short Take: Esker, Persoft to merge

French software company Esker today said it will acquire Persoft, a PC software maker in a multimillion dollar stock swap. Under the terms of stock purchase agreement, Persoft shareholders will swap 100 percent of their shares for a cash payment of $5 million and 658,667 new Esker shares. The two companies compete in the connectivity software market.

Jan. 2, 2002 4:43 p.m. PT

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French software company today said it will acquire Persoft, a PC software maker in a multimillion dollar stock swap. Under the terms of stock purchase agreement, Persoft shareholders will swap 100 percent of their shares for a cash payment of $5 million and 658,667 new Esker shares. The two companies compete in the connectivity software market.