Austin-based Trilogy Enterprises, Inc., which makes lead generation and other Web-based services for the automotive and telecommunications industry, had made an offer to acquire all of the outstanding shares of common stock of Autobytel Inc. for $0.35 net per share in cash.
The offer represents a 32 percent premium over the trailing 30-day average closing price of Autobytel’s common stock. It would be made by Trilogy’s wholly-owned subsidiary, Infield Acquisition, Inc.,
Trilogy was founded in 1989 and has offices in Austin, Texas; Bangalore, India; and Hangzhou, China. Products include SmartLeads, CarBuy and YourBillBuddy.