Nice Extends Mattersight Tender Offer for the Fourth Time
The Israeli software company announced the acquisition agreement in April, but has been held back by the American regulator again and again
For daily updates, subscribe to our newsletter by clicking here.The company is extending its offer until July 6 "to allow additional time for the satisfaction of the conditions to the offer," Nice stated, as the deal has yet to receive the clearance of the Committee on Foreign Investment in the United States (CFIUS).
Nasdaq-listed Mattersight develops cloud-based analytics for customer service organizations. The company has seen a 70% drop in stock value since its September 2015 peak, in part due to its competition with Nice, since it has entered the call center systems for enterprises market.In April, Nice announced it has entered into an acquisition agreement with Mattersight, in a deal worth around $90 million. Every foreign company looking to acquire an American company must receive approval within 75 days of making the offer. The offer could be extended a few more times. All other regulatory approvals and clearances have been obtained for the deal.