Friday, March 28, 2008

IBM/Telelogic Acquisition Update: Part 3

What Happened?

On March 27th, IBM announced through Watchtower AB, its indirect wholly-owned subsidiary, that 96.9% of Telelogic shareholders, corresponding to both issued and outstanding shares, have accepted the public cash offering. Watchtower AB also announced that it has extended the acceptance period until 17.00 CET on April 3, 2008 for those shareholders who have not yet accepted the offer.

VDC’s View

It is reasonable to expect that a final announcement on the acquisition will take place within the next week or so.

Stay tuned as VDC looks to comment on any additional news.