6818862 Canada Inc., a subsidiary of Houston-based Seitel Inc., a subsidiary of Toronto-based ValueAct Capital Master Fund LP has made an unsolicited bid to acquire Pulse Data Inc., Calgary, (Toronto: PSD) for approximately C$149 million in cash. Pulse has rejected the offering as inadequate and significantly below the company's value. The deal values the shares at C$3.0625 each when considering that Seitel planned to reduced the price following Pulse's recent C$0.0375 quarterly dividend, Pulse reports.
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