| By Adobe News Desk |
Article Rating: |
|
| December 3, 2005 07:45 AM EST |
Reads: |
24,604 |
"Adobe Systems Incorporated and Macromedia, Inc. ... announced they have either received or been notified they will receive all regulatory clearances necessary to complete Adobe's pending acquisition of Macromedia."
With that simple sentence ended one of the smoothest software mergers in recent
i
-Technology history. The companies expect to close the transaction today, Saturday December 3, 2005.
Adobe also announced yesterday that it intends to discuss the combined Company's fiscal 2006 outlook with the financial community on Thursday December 15, 2005 as part of its fourth quarter and fiscal 2005 year-end earnings conference call, scheduled for 2:00PM Pacific Time that day.
Invitations and Webcast information for both events, says Adobe, will be made available in the near future.
Pursuant to the terms of the acquisition agreement, which is an all-stock transaction, holders of Macromedia common stock will today receive 1.38 shares of Adobe common stock for each share of Macromedia common stock they own.
It was on April 18, 2005, that Adobe first announced a definitive agreement to acquire Macromedia; so this, at just over 7 months from start to finish, has been one of the smoother software acquisitions in recent times.
Subscribe to Open Source Magazine Email News Alerts
Subscribe via RSS
