Marlin Equity Partners, a Los Angeles-based private investment firm with over $1 billion of capital under management, has agreed to acquire all outstanding shares of core systems software company Phoenix Technologies common stock for $3.85 per share in cash, or approximately $139 million in total consideration.
The purchase price represents a premium of approximately 27% over Phoenix's closing share price of $3.02 on August 17. The company is listed on NASDAQ under the symbol PTEC.
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