Hummingbird Ltd. obtains final order approving arrangement
26 Septembre 2006 - 6:52PM
PR Newswire (US)
TORONTO, Sept. 26 /PRNewswire-FirstCall/ -- Hummingbird Ltd.
(NASDAQ:HUMCNASDAQ: TSX:NASDAQ:HUM) announced today that it
obtained a final order from the Superior Court of Justice of
Ontario approving the previously announced arrangement under which
all of Hummingbird's common shares will be acquired by a
wholly-owned subsidiary of Open Text Corporation
(NASDAQ:OTEXNASDAQ:TSX:NASDAQ:OTC). The transaction is expected to
close on October 2, 2006. About Hummingbird Hummingbird
(NASDAQ:HUMCNASDAQ:TSX:NASDAQ:HUM) is a leading global provider of
enterprise software solutions. The Company's enterprise software
solutions fall into two principal categories: enterprise content
management (ECM) solutions, and network connectivity solutions.
Hummingbird's ECM solutions enable organizations to manage the
lifecycle of enterprise content from creation to disposition,
thereby enabling organizations to address critical business needs,
such as information management, business continuity, compliance and
risk mitigation. The network connectivity solutions provide a
comprehensive set of core network technologies that enables the
enterprise to connect to any type of legacy system. Founded in
1984, Hummingbird employs over 1,400 people and serves more than
33,000 customers, including 90% of Fortune 100. Hummingbird
solutions are sold directly from 40 offices worldwide and through
an Alliance Network of partners and resellers. For more
information, visit http://www.hummingbird.com/. Forward-Looking
Statements Forward-looking statements in this press release,
including statements relating to the closing date for the
transaction, are made pursuant to the safe harbor provisions of the
United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on assumptions made by and
information currently available to Hummingbird. Investors are
cautioned that these forward-looking statements are subject to
risks and uncertainties that may cause future results to differ
materially from those expected. Such risks include, but are not
limited to Hummingbird's ability to close the transaction in the
time period anticipated, if at all, which is dependent upon
Hummingbird's ability to receive the requisite regulatory approvals
and to comply with the closing conditions to the transactions, some
of which are beyond Hummingbird's control. Forward-looking
statements are based on management's current plans, estimates,
opinions and projections, and Hummingbird does not assume any
obligation to update forward-looking statements if assumptions
related to these plans, estimates, opinions and projections should
change. DATASOURCE: Hummingbird Ltd. CONTACT: Inder Duggal, Chief
Financial Officer, Hummingbird Ltd., Tel: (416) 496-2200 ext.2205,
; Dan Coombes, Director, Investor Relations, Hummingbird Ltd., Tel:
(416) 496-2200 ext. 6359, ; Michele Stevenson, Senior Manager,
Corporate Communications, Hummingbird Ltd., Tel: (416) 496-2200
ext. 2623,
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