Siris to Buy Digital Printing Firm EFI for $1.7 Billion (1)

An affiliate of private equity firm Siris Capital Group agreed to acquire Electronics For Imaging Inc. for about $1.7 billion in an all-cash deal.

Siris will pay $37 per share for EFI, a 26 percent premium over the digital-printing company’s last closing price, according to a statement from EFI April 15.

EFI shares rose as much as 27 percent in New York and traded at $37.30 at 10:28 a.m., April 15, above the offer price.

“We believe this transaction delivers superior and immediate value to our shareholders while providing us with a partner that can add strategic and operational expertise ...