Avid Completes Acquisition of Pinnacle
Thursday, August 11th, 2005Avid Technology, Inc. today announced that it has completed its acquisition of Pinnacle Systems, Inc, well known as makers of TV tuners. Avid will issue approximately 6.2 million shares of stock and pay approximately $71.3 million in cash to Pinnacle shareholders and option holders. As of today’s market close, Pinnacle Systems shares have ceased trading […]



