Electronics For Imaging to sell itself to Siris Capital unit

(Reuters) - Digital printing company Electronics For Imaging Inc said on Monday it would be bought by an affiliate of private equity firm Siris Capital Group LLC in an all-cash deal valued at about $1.7 billion.

Under the terms of the deal, an affiliate of Siris will buy all the outstanding shares of EFI for $37 per share in cash, representing a premium of about 26 percent to the company’s closing price on Friday.

Reporting by Akanksha Rana in Bengaluru

Our Standards:The Thomson Reuters Trust Principles.

Source Link