I keep hearing through the grapevine that IPO quiet period company Broadsoft is pursuing the purchase of Tango Networks.
My email to Broadsoft PR from a few weeks ago has never been replied to, which only adds to the speculation.
All comments are welcome…
Typically people IPO and then go use the (now public) stock to buy another company.
Trying to acquire another company within an IPO filing period (rather than acquiring a company that has filed or an IPO, to be clear) sounds like a big pain in the neck since you’d have to redo and re-file a lot of paperwork very quickly.