OREANDA-NEWS. August 24, 2016. AVG Technologies N.V. (NYSE: AVG), the online security company™, announced that, during an extraordinary general meeting of shareholders (EGM) held today, AVG's general meeting adopted the proposed resolutions relating to the previously disclosed tender offer by Avast Software B.V. (Avast), a direct wholly owned subsidiary of Avast Holding B.V. (Parent), to purchase all of the outstanding shares of AVG. These matters are described in greater detail in the EGM agenda dated July 13, 2016 (the Agenda) disclosed previously by AVG. Capitalized terms used but not defined in this press release will have meanings as set forth in the Agenda.
On July 29, 2016, Avast commenced a tender offer to acquire all outstanding shares of AVG at a purchase price of \\$25.00 per share, in cash, without interest and less any applicable withholding taxes or other taxes. The tender offer is set to expire at 11:59 p.m.New York City time on August 31, 2016, unless extended, as described in detail in the tender offer statement on Schedule TO filed by Avast and Parent with the U.S. Securities and Exchange Commission (the SEC) on July 29, 2016, as amended (the Schedule TO). The tender offer remains subject to certain conditions, as described in the Schedule TO, including the condition that at least 80% of AVG's outstanding shares be validly tendered and not withdrawn prior to the expiration of the offer.
About AVG Technologies (NYSE: AVG)
AVG is the leading provider of software services to secure devices, data and people. AVG's award-winning consumer portfolio includes internet security, performance optimization, location services, data controls and insights, and privacy and identity protection, for mobile devices and desktops. The AVG Business portfolio, delivered through a global partner network, provides cloud security and remote monitoring and management solutions that protect small and medium businesses around the world. For more information visit www.avg.com.