Deal to Buy Firm Falls Through

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By
Muhammed El-Hasan
on May 30, 2008 5:55 PM | | Comments (0) |

Peerless is a strong company. It's unclear how big of a blow this is.


Peerless Systems terminates asset purchase pact with Prism Software

BOSTON (Thomson Financial) - Peerless Systems Corp. said Friday it has terminated its asset purchase agreement with Prism Software Corp.

The company said various closing conditions of the deal weren't satisfied, removing Peerless from its obligation to complete the transaction.

No termination fee is payable by Peerless from the termination of the agreement.

Peerless reached an agreement in February to acquire Prism Software, a document solutions software maker.

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This page contains a single entry by Muhammed El-Hasan published on May 30, 2008 5:55 PM.

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Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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