Borland Commences Tender Offer for Starbase Corporation.Business Editors/High-Tech Writers SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--Oct. 11, 2002 Borland Software Corporation (company) Borland Software Corporation - A company that sells a variety of PC software development and database systems. Borland was founded in 1983 and initially became famous for their low-cost software, particularly Turbo Pascal, Turbo C, and Turbo Prolog. (Nasdaq:BORL) today announced that Galaxy Acquisition Corp., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Borland, has commenced a tender offer to purchase all outstanding shares of Starbase Corporation (Nasdaq:SBAS (Satellite-Based Augmentation System) See GPS augmentation system. ) for $2.75 net per share. The offer and withdrawal rights are scheduled to expire at 12:00 midnight, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on Friday, November 8, 2002, unless the offer is extended by Borland. The offer is being made in accordance with the previously announced merger agreement among Borland Software Corporation, Galaxy Acquisition Corp., and Starbase Corporation. The offer is subject to certain conditions, including the tender of a majority of the outstanding Starbase shares. The offer is being made pursuant to a Tender Offer Statement on Schedule T-O T-O Takeoff to be filed today by Borland with the Securities and Exchange Commission and mailed to Starbase stockholders. Mellon Investor Services LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is the depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. for the tender offer, and Georgeson Shareholder Communications Inc. is the information agent for the tender offer. Additional Information and Where to Find It This announcement is neither an offer to purchase nor a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to sell Starbase shares. The tender offer will only be made through an offer to purchase, letter of transmittal Letter of Transmittal A document used by security holder to accompany certificates surrendered in an exchange or other corporate action. and related tender offer materials. Today, Borland will file these tender offer materials with the Securities and Exchange Commission, and Starbase will file a solicitation/recommendation statement with respect to the offer. The tender offer materials and the solicitation/recommendation statement contain important information. Stockholders are urged to read this information carefully before making any decisions about the tender offer. The tender offer materials, certain other offer materials, and the solicitation/recommendation statement will be sent free of charge to all stockholders of Starbase. All of these materials will also be available free of charge at the SEC's Website at www.sec.gov. or by contacting the Information Agent, Georgeson Shareholder Communications Inc., at 212/440-9800 or 866/431-8993. About Borland Borland Software Corporation is a leading provider of technology used to develop, deploy, integrate, and manage software applications. Delivering best-in-class technology solutions dedicated to interoperability, Borland allows enterprises of all sizes to move into Web-based computing while leveraging legacy systems. From the Fortune 1000 to the Borland Developer Network comprised of millions of developers around the world, Borland provides customers the freedom to develop applications, deploy them anywhere, and integrate and manage them across the enterprise. Borland solutions enable organizations to increase productivity and deliver higher-performance projects faster and on budget, while lowering total cost of ownership. Founded in 1983, Borland is headquartered in Scotts Valley, Calif. with operations worldwide. To learn more, visit Borland at http://www.borland.com, the Borland Developer Network at http://bdn.borland.com, or call Borland at 800/632-2864. Note to Editors: All Borland brand and product names are trademarks or registered trademarks of Borland Software Corporation 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 other countries. All other marks are the property of their respective owners. |
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