MakeMusic, Inc. (MMUS) Receives Acquisition Proposal from LaunchEquity Partners, LLC
MakeMusic has confirmed that on July 15, 2012, it received an offer from LaunchEquity Partners, LLC for the acquisition of MakeMusic’s operating assets, excluding cash and liabilities, free and clear of all liens and encumbrances, for $13.5 million. The offer from LaunchEquity stipulates that MakeMusic would assume a plan of liquidation including the distribution of MakeMusic’s available cash reserves to existing shareholders. LaunchEquity and a group of its affiliates currently have a 27.7% ownership stake in MakeMusic’s outstanding common stock, according to the latest filings by LaunchEquity and its affiliates with the Securities and Exchange Commission. In accordance with MakeMusic’s…