Business News
Autodesk Closes Moldflow Tender Offer and Expects to Complete Acquisition Promptly
Monday 23. June 2008 - Autodesk, Inc. (NASDAQ:ADSK) today announced that it has successfully completed its tender offer for shares of Moldflow Corporation.
Autodesk’s tender offer expired at 6:00 p.m., Eastern Daylight time, on Thursday, June 19, 2008. To date, Autodesk has purchased 11,622,163 shares, representing approximately 95% of the shares outstanding.
Autodesk expects to complete its acquisition of Moldflow by merger on June 25, 2008. As a result of the merger, all remaining outstanding shares of Moldflow which are not owned by Autodesk, Moldflow or any of their wholly- owned subsidiaries, will be canceled and automatically converted into the right to receive $22.00 per share, without interest, less any required withholding taxes. After the completion of the merger, Moldflow will be a wholly-owned subsidiary of Autodesk.