I think this is good news but of course lawyers start lining up to get a piece.
http://finance.yahoo.com/news/shareholder-alert-levi-korsinsky-llp-16250091 0.html Steve >On 3/13/2013 1:04 PM, Eric Dannewitz wrote: >> Launch Equity Acquires >>MakeMusic<http://techinmusiced.wordpress.com/2013/03/13/launch-equity-acq >>uires-makemusic/> >>Technology in Music Education >> >>Today, MakeMusic announced that Launch Equity will purchase the company. >> You can read MakeMusic¹s press release >>here<http://www.makemusic.com/wp-content/uploads/2012/12/Press-Release-MM >>US-LaunchEquity-Announcement-FINAL.pdf>. >> Launch Equity proposed the buyout last July (July 15, 2012), with the >>intent of taking the company private and then investing money into the >>company for a new CEO as well as updating software (particularly Finale¹s >>base code). >> >>In July, Launch Equity proposed a purchase price of $4.30 per share for >>the >>acquisition, it turns out they will actually buy the company at $4.85 per >>sharewhich is 31% above the stock price as of the close of business >>yesterday (If someone bought a lot of MakeMusic stock yesterday, they >>made >>a lot of money todayŠor will when the deal closes). >> >>I wouldn¹t expect too many changes from MakeMusic in the immediate >>future. >> The company has recently rebranded itself (take a look at their >>webpage >>and social media efforts), has an iPad app for SmartMusic in development, >>and continues to expand the SmartMusic library. >> >>Launch Equity proposed several things from their proposal back in July >>(available >>here<http://www.faqs.org/sec-filings/120716/MAKEMUSIC-INC_8-K/d380911dex9 >>92.htm>), >>which (other than taking the company private) include: >> >> - Investing at least $10 million in MakeMusic >> - Recruiting (and retaining) a CEO (remember that the CFO has been >>the >> interim CEO) >> - Upgrading Finale (and SmartMusic) >> >>SoŠit is a big day for MakeMusicand probably a normal day as well, as >>the >>agreement doesn¹t become official until Q2. What you can expect from >>MakeMusic is continued service and supportand I think more exciting days >>are coming in the future! >> _______________________________________________ Finale mailing list [email protected] http://lists.shsu.edu/mailman/listinfo/finale
