Stockholders approve Adobe/Macromedia merge

As of today, one of the two major barriers to the Adobe/Macromedia merge has been overcome. Stockholders of both companies have voted over 99% in favour of the merge. This keeps the deal well on track for its anticipated completion in Fall 2005.

The one remaining hurdle is approval of the transaction by the US Department Of Justice (DOJ), which on July 11th issued a second request for information from the two companies as it evaluates the legality of the merger under antitrust regulations.

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Category: other Time: 2005-08-29 Views: 1
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