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Investigation Into Acquisition of Vignette Corp. by Open Text Corporation Announced |
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Written by Holzer Holzer & Fistel, LLC
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Thursday, 14 May 2009 |
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Atlanta, Georgia - Holzer Holzer & Fistel, LLC is investigating the circumstances surrounding the proposed acquisition of Vignette Corp. (Nasdaq:VIGN) by Open Text Corporation (Nasdaq:OTEX) (TSX:OTC). Open Text Corporation has offered $8.00 in cash plus 0.1447 of Open Text Corporation common share for every Vignette Corp. common share for a deal value of approximately $310 million. Vignette Corp. would become a wholly-owned subsidiary of Open Text Corporation.
The investigation is focused on, among other things, whether the proposed deal consideration provides adequate value to Vignette Corp. shareholders and whether certain persons associated with the proposed acquisition breached their fiduciary duties.
If you are a current holder of Vignette Corp. common stock with questions concerning your legal rights, or if you have information that may be helpful to the firm's investigation, please contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq. or Marshall P. Dees, Esq. via email at
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, or
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, or via toll-free telephone at (888) 508-6832. |
