Accelio Stock De-listed Upon Completion of Adobe Acquisition.Business Editors/High-Tech Writers OTTAWA--(BUSINESS WIRE)--April 22, 2002 Adobe Systems Adobe Systems Incorporated (pronounced a-DOE-bee IPA: /əˈdoʊbiː/) (NASDAQ: ADBE) (LSE: ABS) is an American computer software company headquartered in San Jose, California, USA. Canada Inc. (formerly Accelio Corporation) announced that Adobe Systems Incorporated of San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif., completed its acquisition of all of the issued and outstanding shares of Accelio Corporation. Following the completion of the acquisition, Accelio Corporation changed its name to Adobe Systems Canada Inc. Under the terms of the transaction, each Accelio common share was converted to 0.072573 shares of Adobe adobe (ədō`bē): see rammed earth. adobe Handmade sun-dried bricks formed from a mixture of heavy clay and straw found in arid regions. common stock. In total, Adobe issued approximately 1.81 million shares of Adobe common stock in exchange for all outstanding Accelio common shares. In connection with the transaction, Accelio repurchased all outstanding stock options for cash payments of approximately US$1.3 million. The Accelio common shares were de-listed from the Nasdaq National Market and the Pacific Stock Exchange effective at the close of trading on April 12, 2002 and from the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. at the close of trading on April 16, 2002. About Adobe Systems Incorporated Founded in 1982, Adobe Systems Incorporated (www.adobe.com) builds award-winning software solutions for network publishing, including Web, ePaper, print, video, wireless and broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). applications. Its graphic design, imaging, dynamic media and authoring tools enable customers to create, manage and deliver visually-rich, reliable content. Headquartered in San Jose, Calif., Adobe is one of the world's leading software companies, with annual revenues exceeding $1.2 billion. Note to Editors: Adobe, the Adobe logo, are either registered trademarks or trademarks of Adobe Systems Incorporated in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and/or other countries. All other trademarks are the property of their respective owners. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion