Shareholders Approve Avid Technology Acquisition of Pinnacle Systems
Mountain View, Calif. -- Avid Technology, a maker of audio and video editing systems, and competitor Pinnacle Systems said that shareholders from both companies have approved Avid's acquisition of Pinnacle. In March, Avid agreed to pay $462 million in cash and stock for Pinnacle. The closing of the deal remains subject to approval by European regulators.
http://www.avid.com/company/releases/2005/050727_pinnacle_corp.html
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