Irvine’s Platinum Software to Take a Charge on Shares
- Share via
Platinum Software Corp. said Thursday that it will take a charge of up to 65 cents a share on its acquisition of FRx Software Corp.
With 8.2 million shares outstanding, according to the latest figures available, the charge could total as much $5.3 million.
FRx, based in Denver, is author of the financial software “FRx: The Financial Reporting Extender.”
Irvine-based Platinum said it will integrate an unreleased version of the FRx software with its own line of financial software.
Platinum stock closed at $26.25 a share Thursday on NASDAQ, down 75 cents.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
