JP Morgan Chase private investment arm One Equity Partners has commenced its previously announced $1.1 billion tender offer for all the outstanding shares of the common stock of speech recognition and transcription technology developer M*Modal.
The tender offer is being handled by One Equity Partners affiliate company Legend Acquisition Sub, which will pay $14 per share before taxes. The tender offer and withdrawal rights are scheduled to expire at 11:59 p.m. Eastern time on August 13, unless extended or earlier terminated in accordance with the merger agreement and applicable law.
