Aug 24 2005
Adobe and Macromedia Stockholders Approve Acquisition
Sayeth the press release:
Adobe Systems Incorporated (ADBE) and Macromedia, Inc. (MACR) announced that the stockholders of each company have voted in favor of Adobe’s proposed acquisition of Macromedia at their respective special stockholder meetings held today. Of the 75.0 percent of outstanding Adobe shares voted, approximately 99.0 percent were cast in favor of the acquisition. Of the 73.2 percent of outstanding Macromedia shares voted, approximately 99.8 percent were cast in favor of the acquisition.Pursuant to the terms of the acquisition agreement, holders of Macromedia common stock will receive 1.38 shares of Adobe common stock for each share of Macromedia common stock they own at the closing of the acquisition. The companies anticipate that the transaction will close in Fall 2005, subject to appropriate regulatory approvals and the satisfaction of other closing conditions.
You are now encouraged to use the comments below or our forums to engage in idle speculation on how this will affect previously competing software packages like Adobe’s GoLive and Macromedia’s Dreamweaver. We knew this was coming. No one is all that surprised.
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