![]() ![]() The two companies working together will create a unique organization that has the scale to deliver world-wide technical solutions to the largest and most complex organizations.” ![]() “In the immediate term, Black Box and its subsidiaries will continue to operate as is. “Black Box and its skilled teams and strong client relations with world-class enterprises and partners will allow us to better serve our global clients,” Verma continued. “We are excited to have Black Box become part of the AGC family,” said Sanjeev Verma, Executive Director and CEO of AGC Networks and President and CEO of Black Box Corporation. The acquisition will be significant for AGC, expected to add over $600 million in annual revenue and approximately 3,000 team members serving clients worldwide. In addition, AGC will enhance its footprint in providing technologies and services throughout six continents. The combination with Black Box will substantially increase AGC’s presence and offerings in North America. This will result in Black Box Corporation becoming a 100% subsidiary of AGC as a result of this process. As a result of the tender offer and the subsequent merger, which were completed today, Black Box Corporation will become a private company and, as of today, its shares of common stock will no longer be publicly traded. The previously announced tender offer expired at the end of the day on Friday, January 4, at which time 9,126,005 shares of Black Box common stock (excluding shares tendered by guaranteed delivery) had been validly tendered and not withdrawn pursuant to the tender offer, representing approximately 59.89% of the outstanding shares. 07, 2019 (GLOBE NEWSWIRE) - Global solutions integrator AGC Networks Ltd (BSE/NSE: AGCNET) today announced that a newly-formed, wholly owned subsidiary has completed the previously-announced acquisition of Black Box Corporation (NASDAQ: BBOX), a leading digital solutions provider.
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