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Corel Goes Private
prostoalex writes "Ottawa-based Corel, known for its CorelDRAW, WordPerfect, Painter and Bryce products, has been acquired by Vector Capital Corp. for $124 mln. with the intent to get de-listed from Nasdaq and Toronto stock markets and go private. 80% of shareholders approved the deal, according to the story. At certain points of its corporate history Corel was a Linux vendor and even partially owned by Microsoft. Microsoft paid $135M for 25% of the shares, so Vector Capital paying $124M for 100% stake looks like a pretty good deal." It's been over a month since this was first announced, but it's actually come to pass now.
...who are they planning to sue?
If you've think that's a good deal, I've got some great deals on stock. I'll sell you shares of pets.com, PanAm airlines, 3dfx, and hundreds of others for a mere fraction of what they used to cost! You can't go wrong!