Superclick Inc., a developer, manufacturer and marketer of the Superclick Internet Management System, Monitoring and Management Application and Media Distribution System, today announced that it signed a definitive agreement under which it will be acquired by a subsidiary of AT&T Inc. (NYSE: T).
AT&T’s subsidiary will acquire Superclick in a cash transaction valued at nearly $15 million. The agreement has been approved by the board of directors of Superclick. The transaction is subject to the approval of Superclick shareholders and is expected to close in the fourth quarter of 2011.
Todd Pitcher, chairman of Superclick, said that the company is committed to delivering world class network management solutions to its customers and under the leadership of its founder, president and CEO, developed the deepest most reliable capabilities for network monitoring and management in the market today. Pitcher added that the company is confident the transaction will allow its business to continue to flourish.
Superclick shares rose sharply following the announcement. At last check, the penny stock was trading 8% higher at $0.257, with volume up from daily average of 107,962 to 4.79 million.
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