Espial offers $8 million for UK TV browser developer ANT

OTTAWA - Canadian IPTV software and solutions provider Espial is offering to purchase TV web browser developer ANT for approximately $8 million. Espial has offered to acquire all outstanding shares of ANT for £0.205 per share, valued at approximately £5 million, or about $8 million CDN. ANT's board of directors has announced its support of the acquisition and has recommended that shareholders accept the offer. Espial has already received irrevocable undertakings to vote in favor of the acquisition from holders of 47% of ANT's outstanding shares. The acquisition is expected to close in Q1 2013 pending receipt of necessary shareholder,...