Borland Announces Stockholder Approval of Micro Focus Merger Agreement
23 7월 2009 - 6:21AM
Business Wire
Borland Software Corporation (NASDAQ: BORL) (www.borland.com),
the global leader in Open Application Lifecycle Management (ALM),
today announced that at a special meeting of stockholders held on
July 22, 2009, its stockholders adopted the agreement and plan of
merger entered into with Micro Focus International plc, Micro Focus
(US), Inc. and Bentley Merger Sub, Inc. on May 5, 2009, as amended,
under which Micro Focus will acquire the Borland common stock for
$1.50 per share in cash. Approximately 65% of the shares of Borland
common stock outstanding as of the record date for the meeting
voted to adopt the agreement and, of the shares that voted,
approximately 99% voted in favor of the merger proposal. Erik
Prusch, CEO of Borland, stated, �Today�s affirmative vote marks the
culmination of hard work and progress from our employees, Board and
management team. Borland looks forward to a new chapter as part of
Micro Focus.�
Micro Focus has scheduled its stockholder meeting for Friday,
July 24, 2009. Assuming the Micro Focus stockholders approve the
merger and other conditions to closing are met, we expect the
acquisition to close early next week.
About Borland
Founded in 1983, Borland (NASDAQ: BORL) is the leading vendor of
Open Application Lifecycle Management (ALM) solutions � open to
customers� processes, tools and platforms � providing the
flexibility to manage, measure and improve the software delivery
process. To learn more about maximizing the business value of
software, visit http://www.borland.com.
Safe Harbor Statement
This release contains �forward-looking statements� as defined
under the U.S. Federal Securities Laws, including the Private
Securities Litigation Reform Act of 1995 and is subject to the safe
harbors created by such laws. Forward-looking statements may relate
to, but are not limited to, the acquisition of Borland by Micro
Focus. Such forward-looking statements are based on current
expectations that involve a number of uncertainties and risks that
may cause actual events or results to differ materially. Factors
that could cause actual events or results to differ materially
include, among others, the failure of any condition to closing to
be met. Risks may be detailed from time to time in Borland periodic
reports filed with the Securities and Exchange Commission,
including, but not limited to, its latest Annual Report on Form
10-K and its latest Quarterly Report on Form 10-Q, copies of which
may be obtained from www.sec.gov. Borland is under no obligation to
update its forward-looking statements. Information contained in our
website is not incorporated by reference in, or made part of this
press release.
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