16 October 2017
Register now

CDC makes second hostile bid for Onyx Software

13 July 2006  |  1599 views  |  0 Source: Onyx Software

Onyx Software Corporation (NASDAQ:ONXS) confirmed today that CDC Corporation (NASDAQ:CHINA) has commenced an unsolicited cash tender offer to acquire all of the outstanding shares of Onyx's common stock not already held by CDC or its affiliates for $5.00 per share.

CDC's tender offer is being assessed by the board of directors of Onyx.

On or before July 25, 2006, Onyx intends to file with the Securities and Exchange Commission a Solicitation/Recommendation Statement on Schedule 14D-9 stating whether the Onyx board recommends acceptance or rejection of CDC's unsolicited tender offer, expresses no opinion and remains neutral toward the tender offer, or is unable to take a position with respect to the tender offer, as well as setting forth the board's reasons for its position with respect to the tender offer. Onyx shareholders are urged to defer making any determination with respect to the tender offer until they have been advised of the board's position with respect to the tender offer.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.innotribe.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14322 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13030 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
8938 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7846 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7573 views comments | 13 tweets | 13 linkedin

Featured job

Find your next job