LaunchEquity Completes Acquisition of MakeMusic, Inc.
02 Mai 2013 - 1:10AM
Business Wire
LaunchEquity Acquisition Partners, LLC Designated Series
Education Partners (“LEAP”), a sponsored entity of LaunchEquity
Partners, LLC, today announced the successful completion of its
previously announced acquisition of MakeMusic, Inc. (NASDAQ: MMUS)
(“MakeMusic”) for $4.85 per share.
LEAP acquired MakeMusic through a tender offer and short-form
merger, both of which were completed today. In the merger, each
outstanding share of common stock of MakeMusic, other than shares
held by LEAP and its affiliates and shares as to which dissenter’s
rights are perfected in accordance with applicable law, was
canceled and converted into the right to receive the same $4.85 per
share cash price, without interest, that was paid in the tender
offer.
As a result of the completion of the merger, MakeMusic has
become a wholly-owned subsidiary of LEAP and the common stock of
MakeMusic ceased trading on the NASDAQ Capital Market at the close
of trading today. MakeMusic will make necessary filings with the
Securities and Exchange Commission to end its reporting obligations
under the Securities Exchange Act of 1934, as amended.
About MakeMusic, Inc.
MakeMusic®, Inc. is a world leader in music technology whose
mission is to develop and market solutions that transform how music
is composed, taught, learned and performed. For more than 20 years,
Finale® has been the industry standard
in music notation software, enabling composers, arrangers,
musicians, teachers, students and publishers to create, edit,
audition, print and publish musical scores. MakeMusic is also the
creator of SmartMusic® interactive
software that is transforming the way students practice. With
SmartMusic, students and teachers have access to thousands of band,
orchestra and vocal pieces allowing students to practice with
background accompaniment and get immediate feedback on their
performance. SmartMusic allows teachers to individualize
instruction and document the progress of every student. The
SmartMusic Inbox™, an Android™ and Apple® mobile
application, provides additional access for teachers to review,
grade and comment on student assignments. MusicXML™ is an
Internet-friendly way to publish musical scores, enabling musicians
to distribute interactive sheet music online and to use sheet music
files with a wide variety of musical applications. Garritan™
sound libraries provide musicians with state-of-the-art virtual
instruments with the playback quality of a live performance.
Additional information about this Minnesota company can be found at
www.makemusic.com.
About LaunchEquity
LaunchEquity Partners, LLC is an investment entity that provides
growth capital and strategic leadership to intellectual-property
based businesses.
Forward-Looking Statements
This press release may contain forward-looking statements that
are not historical facts and are subject to risks and uncertainties
that could cause actual results to differ materially from those
described. All statements other than statements of historical fact
are statements that could be deemed forward-looking statements. All
forward-looking statements are based largely on current
expectations and beliefs concerning future events, approvals and
transactions that are subject to substantial risks and
uncertainties. A further list and description of additional
business risks, uncertainties and other factors can be found in
MakeMusic’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2012, as well as other MakeMusic SEC filings.
Copies of these filings, as well as subsequent filings, are
available online at www.sec.gov and www.makemusic.com. The
forward-looking statements made in this communication are made only
as of the date of this communication, and MakeMusic undertakes no
obligation to update them to reflect subsequent events or
circumstances.
IMPORTANT NOTICE: This press release is for informational
purposes only and is neither an offer to buy nor the solicitation
of an offer to sell any shares or other securities nor a
solicitation of tenders with respect to the Offer. The Offer
described herein will not be made in any jurisdiction in which, or
to or from any person to or from whom, it is unlawful to make such
offer or solicitation under applicable state or foreign securities
or “blue sky” laws.
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