Saba Software and Vector Capital to Acquire Halogen Software
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
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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