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APRIL 19 I MAKEMUSIC I LEGAL
MakeMusic Merges
With LEAP

Music software company MakeMusic has entered into a definitive merger agreement under which LaunchEquity Acquisition Partners (LEAP) will acquire MakeMusic through an all-cash transaction. A special committee of MakeMusic’s board of directors, consisting of independent directors, have unanimously approved the transaction.

Under the terms of the agreement, LEAP, through a wholly-owned subsidiary, will commence a tender offer to purchase all outstanding shares of MakeMusic at $4.85 per share in cash, which represents a premium of approximately 31 percent over the closing share price on March 12, the last trading day prior to the announcement.

"The special committee and board believe this transaction represents an attractive value and are pleased to recommend it to MakeMusic’s shareholders," said Robert B. Morrison, chairman of the board of MakeMusic. "Equally important, we believe this step will create new opportunities for the company, its partners and employees."

makemusic.com


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