New York, NY – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Saba Software and their parent company Vector Capital, in their agreement to acquire Halogen Software at a price of CAD$12.50 per share. The combination of Saba and Halogen will extend Saba's position as a leading provider of end-to-end SaaS Talent Management solutions.
The Paul Hastings team was led by partner Steve Camahort and also included partners Dana Kromm, Suzanne Horne, Ziemowit Smulkowski and Dan Stellenberg, of counsel James Holden and associates Laura Yip, Yoav Simchoni, M'Alyssa Mecenas, Veronica Roh and Jennifer Gaudette.
The transaction will be implemented by way of a statutory plan of arrangement under the Ontario Business Corporations Act and is subject to court approval and the approval of at least two-thirds of the votes cast by holders of Halogen's shares. It is expected to close in the second quarter of 2017.
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