{"id":85790,"date":"1999-12-31T00:10:00","date_gmt":"1999-12-30T13:10:00","guid":{"rendered":"http:\/\/smartoffice.com.au\/commander-gets-less-than-0-1-extends-offer\/"},"modified":"1999-12-31T00:10:00","modified_gmt":"1999-12-30T13:10:00","slug":"commander-gets-less-than-0-1-extends-offer","status":"publish","type":"post","link":"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/commander-gets-less-than-0-1-extends-offer\/","title":{"rendered":"Commander Gets Less Than 0.1%: Extends Offer"},"content":{"rendered":"<p>By yesterday Commander Communications had accumulated less than 0.1 per cent of the voting power in take over target Volante. The off-market offer has been extended another month with no increase in price.<\/p>\n<p><p><\/font><\/p>\n<p>According to its latest filing Commander has accumulated only 87,999 Volante Shares representing voting power of 0.07% sin it began buying on the 9th of January 2006.<\/font><\/p>\n<p>The company has now decided to extend the offer to Volante shareholders by another month to close on March 9th, 2006.<\/font><\/p>\n<p>Meanwhile, Volante has announced it will proceed with the acquisition of the as-yet unnamed software solutions business as indicated in its Target&#8217;s Statement issued to shareholders on 25 January.<\/font><\/p>\n<p>While the transaction is subject to final contractual negotiations, Volante says the price and key terms have been settled between it and its target.<\/font><\/p>\n<p>Volante plans to pay approximately $5 million (over two financial years) plus additional deferred cash payments dependent on the achievement of various performance hurdles.<\/font><\/p>\n<p>However, there is no final date for the acquisition, with Volante only saying the transaction will close before the end of the fiscal year.<\/font><\/p>\n<p>In a prepared company statement, Volante CEO, Ian Penman said: &#8221; This acquisition will further complement our existing ICT services offering and provide our customers with a broader solution set.&#8221;<\/font><\/p>\n<p>The acquisition will add new capabilities to Volante&#8217;s existing solutions business and represents a further example of Volante&#8217;s commitment to grow its ICT services competences and business. Volante will continue to review acquisition opportunities that add to Volante&#8217;s ICT capabilities, said the company<\/font><\/p>\n<p><\/font>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By yesterday Commander Communications had accumulated less than 0.1 per cent of the voting power in take over target Volante. The off-market offer has been extended another month with no increase in price.<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[28,658],"tags":[],"class_list":["post-85790","post","type-post","status-publish","format-gallery","hentry","category-archive","category-credit","post_format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Commander Gets Less Than 0.1%: Extends Offer - Smart Office<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/commander-gets-less-than-0-1-extends-offer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commander Gets Less Than 0.1%: Extends Offer - Smart Office\" \/>\n<meta property=\"og:description\" content=\"By yesterday Commander Communications had accumulated less than 0.1 per cent of the voting power in take over target Volante. 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