Enghouse Systems Limited (TSX: ENGH) (“Enghouse”) announced today that Cosmos Merger Sub, Inc., an indirect, wholly-owned subsidiary, has started the previously announced public tender offer for all outstanding shares of Qumu Corporation (“Qumu”) (Nasdaq: QUMU) common stock at a price of USD 0.90 per share in cash, for a total equity value of roughly USD 18.0 million.
The tender offer is being made in relation to the December 17, 2022, Agreement and Plan of Merger between Enghouse Interactive, Inc., Cosmos Merger Sub, Inc., and Qumu (the “Merger Agreement”), which Enghouse and Qumu announced on December 19, 2022.
The offer is fair and in the interests of Qumu’s shareholders, and the board of directors of Qumu unanimously advises that shareholders tender their shares and accept the offer.
At 11:59 p.m. New York time on February 6, 2023, the tender offer will conclude (the date as may be extended from time to time by Cosmos Merger Sub, Inc. pursuant to the Merger Agreement, the “Expiry Time”).

Source: Prnewswire