Corel Corp. Directors Ask Shareholders to Take No Action at This Time with Respect to the Tender Offer by Corel Holdings, L.P.
29 Octobre 2009 - 4:20PM
Business Wire
Corel Corporation (NASDAQ:CREL) (TSX:CRE) today announced that
the directors mandated by its Board of Directors to act as the
Board with respect to all matters related to a possible transaction
with Vector Capital, the general partner of Corel Holdings, L.P.
(“CHLP”), will, in consultation with their financial and legal
advisors, review and evaluate the tender offer commenced on October
28, 2009 by CHLP.
Under the terms of its tender offer, CHLP is seeking to acquire,
subject to certain conditions, all of the outstanding common shares
of Corel not owned by it for $(U.S.)3.50 per share in cash. CHLP
owns approximately 67% of Corel’s outstanding common shares on a
fully-diluted basis.
The Board will disclose its recommendation, if any, to Corel
shareholders within 10 business days of October 28, 2009 in
accordance with Rule 14d-9 under the Securities Exchange Act of
1934. Corel shareholders are urged to consider the Board’s
recommendation, if any, before taking any action with respect to
CHLP’s tender offer.
The directors mandated to act as the Board with respect to this
matter are Daniel T. Ciporin, Steven Cohen and Barry A. Tissenbaum.
The Board has retained Genuity Capital Markets as its financial
advisor and Bennett Jones LLP and Kaye Scholer LLP as its legal
advisors. Corel has retained Woodside Counsel, P.C. as a legal
advisor.
About Corel
Corel is one of the world’s top software companies with more
than 100 million active users in over 75 countries. We develop
software that helps people express their ideas and share their
stories in more exciting, creative and persuasive ways. Through the
years, we’ve built a reputation for delivering innovative, trusted
products that are easy to learn and use, helping people achieve new
levels of productivity. The industry has responded with hundreds of
awards for software innovation, design and value.
Our award-winning product portfolio includes some of the world’s
most widely recognized and popular software brands, including
CorelDRAW® Graphics Suite, Corel® Painter™, Corel DESIGNER®
Technical Suite, Corel® Paint Shop Pro® Photo, Corel® VideoStudio®,
Corel® WinDVD®, Corel® WordPerfect® Office, WinZip®, and the
recently released Corel® Digital Studio™ 2010. Our global
headquarters are in Ottawa, Canada, with major offices in the
United States, United Kingdom, Germany, China, Taiwan and
Japan.
© 2009 Corel Corporation. All rights reserved. Corel, CorelDRAW,
Paint Shop Pro, Painter, Corel DESIGNER, VideoStudio, WordPerfect,
WinDVD, WinZip, Digital Studio, iGrafx and the Corel logo are
trademarks or registered trademarks of Corel Corporation and/or its
subsidiaries. All other product, font and company names and logos
are trademarks or registered trademarks of their respective
companies.
CRELF
Corel (MM) (NASDAQ:CREL)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Corel (MM) (NASDAQ:CREL)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024