APKT » Topics » Note 2. Purchase Price

This excerpt taken from the APKT 8-K filed Jul 8, 2009.

Note 2.  Purchase Price

 

The following is a preliminary estimate of the purchase price for Covergence:

 

Number of shares of common stock of the Company issued to Covergence stockholders

 

2,874,383

 

 

 

Multiplied by the price per share of common stock of the Company (a)

 

$

7.74

 

$

22,248

 

Cash paid to Covergence stockholders based on consideration

 

 

 

20

 

Cash paid for withholding taxes due (b)

 

 

 

578

 

Estimated purchase price

 

 

 

$

22,846

 

 

For purposes of this pro forma analysis, the above purchase price has been allocated based on a preliminary estimate of the fair value of net assets acquired.

 

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