Capstone Partners served as exclusive financial advisor to Vicon Industries, Inc. (NYSE: VII) in its stock swap merger with IQinVision, Inc.
Capstone Partners also provided a fairness opinion to the Board of Directors of Vicon in connection with the merger.
Vicon is a developer of video management software and also designs, assembles and markets cameras, network servers and related accessories.
IQinVision is a world leader in IP network camera products, and markets the IQeye line of HD megapixel IP cameras.
Under the terms of the merger, Vicon issued shares of common stock to IQinVision shareholders equaling 50% of the combined company.
Vicon also declared a special cash dividend of $0.55/share with respect to shares held prior to the completion of the merger.
