Deal to Buy Firm Falls Through
Peerless is a strong company. It's unclear how big of a blow this is.
Peerless Systems terminates asset purchase pact with Prism SoftwareBOSTON (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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