Autodesk completes merger transaction with Softdesk.SAN RAFAEL San Rafael (săn rəfĕl`), residential city (1990 pop. 48,404), seat of Marin co., W Calif., a suburb of San Francisco on the northern shore of San Francisco Bay; inc. 1913. , Calif.--(BUSINESS WIRE)--March 31, 1997--Autodesk Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADSK ADSK Autodesk, Inc. (NASDAQ stock symbol) ) and Softdesk Inc. (NASDAQ:SDSK SDSK Sep Doo Soo Kai (association) ) announced today that they have received early termination of the waiting period under the Hart Scott Rodino Antitrust Improvements Act of 1976 from the Federal Trade Commission, that Softdesk shareholders have approved the transaction, and that Autodesk's acquisition of Softdesk has closed effective March 31, 1997. Under the terms of the agreement, approved by the Boards of Directors of both firms, Autodesk will issue .477327 shares of its common stock for each outstanding share of Softdesk common stock. As previously announced, Autodesk will account for the merger using the purchase method. Softdesk and its complete product families will be integrated into Autodesk's AEC AEC US Atomic Energy Commission Noun 1. AEC - a former executive agency (from 1946 to 1974) that was responsible for research into atomic energy and its peacetime uses in the United States Atomic Energy Commission market group, which will now be headquartered in Henniker, NH, and will be managed by David Arnold, formerly Softdesk's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , and now Vice President, Autodesk AEC Market Group. All of Softdesk's business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets will be consolidated into Autodesk's as of the closing date and the combined company will operate under the Autodesk name. About Softdesk Softdesk, the AEC Authority(TM), is a leading supplier of Architecture, Engineering and Construction application software for professionals and consumers worldwide. Its award-winning products are used by the world's foremost firms to design and engineer all types of projects involving land, buildings, transportation infrastructure and environmental resources. The company produces over 50 software solutions, which are available in several languages and sold in more than 100 countries. Softdesk offices around the globe support an international network of more than 450 distributors and resellers. About Autodesk Autodesk is the world's leading supplier of PC design software and PC multimedia tools. The company's 2D and 3D products, geographic information systems, and data management tools are used in many industries for mapping, architectural design This article or section may contain original research or unverified claims. Please help Wikipedia by adding references. See the for details. This article has been tagged since September 2007. , mechanical design, film and video production, video/game development and Web content development. Its Kinetix(TM) division is the leader in PC-based 3D modeling and animation software, providing a full range of products for digital media and design professionals. The fourth largest PC software company in the world, Autodesk has 3 million customers in over 150 countries. Autodesk products are sold through Autodesk Systems Centers, Dealers and Distributors worldwide. For more information on Autodesk, please call 415/507-5000, type GO ADESK on CompuServe, or visit its World Wide Web site at http://www.autodesk.com . Kinetix can be reached by calling 800/879-4233 or through its World Wide Web site at http://www.ktx.com . Autodesk shares are traded on the Nasdaq National Market under the symbol ADSK. -0- NOTE TO EDITORS: Autodesk, AutoCAD and the Autodesk logo are registered trademarks of Autodesk Inc. Softdesk and the Softdesk logo are registered trademarks of Softdesk Inc. The AEC Authority is a trademark of Softdesk Inc. These trademarks are in effect in the USA and other countries. CONTACT: Autodesk Inc. Christine Tsingos, 415/507-6704 or Softdesk Inc. John Rogers John Rogers may refer to: Europeans
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