Onyx Software Acknowledges Unsolicited Tender Offer Commenced by CDC Corporation
12 Julio 2006 - 8:33PM
Business Wire
Onyx(R) 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.
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