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Advised Altair Engineering in its acquisition of Datawatch Corporation

Fasken
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Overview

Client

Altair Engineering Inc.

Altair Engineering Inc. (“Altair”), who provide enterprise-class engineering software worldwide, completed its previously announced acquisition of Datawatch Corporation (“Datawatch”). Datawatch provides data intelligence with market leading enterprise data preparation, predictive analytics and visualization solutions that fuel business analytics. The acquisition of Datawatch was structured as a merger under Section 251(h) of the General Corporation Law of the State of Delaware following successful completion of Altair’s previously announced tender offer to purchase all issued and outstanding shares of common stock of Datawatch for $13.10 per share in cash, without interest and less any applicable withholding taxes. Fasken advised Altair Engineering Inc. in this matter with a team that included Grant McGlaughlin (Corporate, M&A), Gesta Abols (Corporate, M&A), and Huy Do (Regulatory) along with Steven Rivkin (General Counsel for Altair) and Peter Ehrenberg of Lowenstein Sandler LLP.

Team

  • Grant E. McGlaughlin, Partner | Co-Leader, Private Equity, Toronto, ON, +1 416 865 4382, gmcglaughlin@fasken.com
  • Gesta A. Abols, Partner | Co-Leader, cross border and international practice, Toronto, ON, +1 416 943 8978, gabols@fasken.com
  • Huy Do, Partner | CO-LEADER, COMPETITION, MARKETING & FOREIGN INVESTMENT | LEADER, SOUTHEAST ASIA GROUP, Toronto, ON, +1 416 868 3505, hdo@fasken.com