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Prides Capital Partners, LLC Completes Acquisition of Pegasus Solutions, Inc.

Publication: Business Wire
Publication Date: 04-MAY-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
DALLAS -- Pegasus Solutions, Inc. (Nasdaq:PEGS) announced today the completion of the acquisition of Pegasus by an investor group led by Prides Capital Partners, LLC, including entities affiliated with Prides, Tudor Investment Corporation and Belfer Management. Dallas-based Pegasus is a global leader in providing technology and services to hotels and travel distributors.

On December 19, 2005, affiliates of Prides Capital Partners, LLC entered into a merger agreement with Pegasus to acquire the company in a transaction valued at approximately $275 million. Under the terms of the merger agreement, Pegasus stockholders...

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