RCW Mirus - M&A News By Industry -
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Published on: 4/10/2001
Last Visited: 9/5/2001
Pipeline has the strong customer support , billing , and IT department that is necessary to successfully deploy the VoIP product , stated Mark Roberts , CEO and founder of Achieve.
Pipeline and Achieve have reached an agreement in principle to combine their businesses through the exchange of common stock of Pipeline for the common stock of Achieve.The agreement outlines the terms under which Pipeline would acquire up to 100% of Achieve's stock , but no less than 81%.
Completion of the acquisition is subject to a number of contingencies , including execution of a definitive agreement , continuing due diligence , approval of each company's Board of Directors and the consent of achieve's shareholders.Pipeline and Achieve hope to prepare and sign a Definitive Agreement no later than September 7 , 2001.