ANDOVER, Mass.--(BUSINESS WIRE)--Omtool™, Ltd. (OMTL.PK) announced today that its previously announced acquisition has been completed. Pursuant to an agreement and plan of merger, Omtool is now a wholly-owned subsidiary of Upland Software, Inc. Each share of Omtool common stock issued and outstanding immediately prior to the effective time of the merger (other than shares held in treasury, shares held by the acquiring party, and shares owned by Omtool stockholders who have perfected and not withdrawn a demand for appraisal under Delaware law) were converted into the right to receive cash consideration per share, without interest.
Information for Omtool Stockholders
As a result of the completed merger, Omtool’s stock transfer books have closed, there shall be no further registration of transfers of Omtool common stock on the stock record books and Omtool’s common stock has ceased trading over-the-counter. Former Omtool stockholders are now entitled to receive the per share merger consideration in cash (without interest and less any applicable withholding taxes) for each share of Omtool common stock they owned as of January 10, 2017.
For Omtool registered stockholders, Upland has appointed American Stock Transfer & Trust Company, LLC as paying agent for payment of the merger consideration. Information concerning the exchange of Omtool shares for the per share merger consideration is being mailed to Omtool registered stockholders, outlining the steps to be taken to obtain the merger consideration. For additional information, please contact American Stock Transfer & Trust Company, LLC at (877) 248-6417 (within the U.S., its territories and Canada) or +1-718-921-8317 (outside the U.S., its territories and Canada). Omtool stockholders who own shares through a bank, brokerage firm or other nominee (in “street name”) should contact their bank, broker or nominee for further information about receiving the merger consideration.
Omtool is a trusted partner for document capture, fax and workflow solutions. The company designs and builds software solutions that serve as the foundation for secure document process automation for clients that include some of the world’s largest financial institutions, hundreds of healthcare providers and legal firms, and companies across virtually every industry.
Safe Harbor for Forward-Looking Statements
This press release may contain forward-looking statements, including statements regarding the transaction and other statements about Omtool’s expectations. These forward-looking statements are neither promises nor guarantees, and are subject to risk and uncertainties that could cause actual results to differ materially from the expectations set forth in these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Omtool undertakes no responsibility to update any such forward-looking statements.