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Merger Agreement

Shareholders of Adobe and Macromedia Approve Merger Agreement

Authored by Mark Hefflinger on August 26, 2005 - 6:32am.
San Jose, Calif. -- The shareholders of both San Jose-based Adobe Systems and San Francisco-based Macromedia, Inc. have voted to approve Adobe's proposed $3.4 billion acquisition of Macromedia. Under the acquisition agreement, shareholders of Macromedia will receive 1.38 shares of Adobe for each share of Macromedia they own. Adobe launched the takeover of Macromedia in April.
tags: Deals | Adobe | Macromedia | Shareholders | Merger Agreement |