Gensym Announces Receipt of Unsolicited Acquisition Proposal.Business/Technology Editors BURLINGTON, Mass.--(BUSINESS WIRE)--Dec. 5, 2001 Gensym Corporation (company) Gensym Corporation - A company that supplies software and services for intelligent operations management. Common applications include quality management, process optimisation, dynamic scheduling, network management, energy and environmental management, and process (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : GNSM), announced that it has received an unsolicited proposal from Rocket Software, Inc. to acquire Gensym for $0.80 per share in cash. The proposal is preliminary in nature and subject to a number of contingencies and uncertainties. Gensym stated that consistent with its fiduciary duties Noun 1. fiduciary duty - the legal duty of a fiduciary to act in the best interests of the beneficiary legal duty - acts which the law requires be done or forborne , the company's board of directors, along with its financial and legal advisors, will consider the acquisition proposal carefully. Gensym further stated that at this time it cannot predict whether Rocket Software's acquisition proposal will be acceptable to Gensym's board of directors or whether any transaction will be authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: or consummated. About Gensym Gensym Corporation (www.gensym.com) is a provider of software products and services that enable organizations to automate aspects of their operations that have historically required the direct attention of human experts. Gensym's product and service offerings are all based on or relate to Gensym's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. G2, which can emulate the reasoning of human experts as they assess, diagnose, and respond to unusual operating situations or as they seek to optimize operations. Gensym and G2 are registered trademarks of Gensym Corporation. |
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