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News Breaks
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December 27, 2011
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| 10:01 EDT |  | BPHX, MGIC |
| theflyonthewall.com: | BluePhoenix completes sale of AppBuilder business to Magic Software | | BluePhoenix (BPHX) has completed the sale of its AppBuilder business to Magic Software (MGIC) for $17M. The amount paid to BluePhoenix at closing was $9.5M. An amount of $4M is held in escrow accounts to secure certain obligations under the sale agreement. Concurrently with completion of the sale of AppBuilder business, BluePhoenix entered into agreements with its bank lenders to revise the set of financial covenants to suit its current level of operations. :theflyonthewall.com |
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May 14, 2012
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| 15:14 EDT | | BPHX |
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