New York – The Orchard (NASD: ORCD), a provider of digital entertainment distribution
and marketing services, announced on Thursday that private equity firm
Dimensional Associates has completed its acquisition of the company, which is
now private and will cease trading on the Nasdaq tomorrow.
Under the terms,
Orchard shareholders will receive $2.05 per share.
New York-based The Orchard
went public in 2007 via a reverse merger deal.
Dimensional Associates is also
the corporate parent of the eMusic subscription service.