Mayfair to acquire Nasstar for £79m.

Mayfair Equity Partners, an investment firm, agreed to acquire Nasstar, an application service provider supplying software over the Internet, for £79m ($104m), representing a 15% premium to the company's last closing price. "Nasstar has performed well since the Reverse Takeover and I would like to reiterate the Board's appreciation of the effort of the management team and all Nasstar employees in this time. The Board believes this is a compelling offer for Nasstar Shareholders, at a significant premium for those who invested at the point of the Reverse Takeover, and at a fair valuation. We believe the acquisition is in the best interests of all our stakeholders, and unanimously recommend that shareholders vote in favour of the resolutions relating to the Acquisition," Nick Bate, Nasstar Chairman.