CIMdata PLM Industry Summary Online Archive
20 June 2008
Acquisitions
Autodesk Closes Moldflow Tender Offer and Expects to Complete Acquisition Promptly
Autodesk, Inc. 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.
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