May 7, 2009...
Borland to be acquired by Micro Focus - Austin Business Journal
United Kingdom software company Borland Software Corp. for $75 million in cash.
Austin-based Borland (Nasdaq: BORL) reached the agreement with Micro Focus, which will buy each outstanding share of Borland's common stock for $1 a share, a 25 percent premium over the company's May 5 closing price. Both boards have already approved the deal, which is set to close later this quarter or early in the third quarter.
Vignette to become part of Open Text in $310M deal - Austin Business Journal
Software maker Vignette Corp. has received and accepted an acquisition offer from a Canadian company.
Open Text Corp. (Nasdaq: OTEX) plans to buy Austin-based Vignette (Nasdaq: VIGN) in a $310 million cash-and-stock deal, company officials said.
The news prompted a 33 percent surge in Vignette's share price, sending the stock up to $12.05 a share.
Vignette, founded in 1996, employs about 600 workers, roughly 200 of whom are based in Austin.
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