Wednesday, July 28, 2010

Adobe To Launch Tender Offer To Buy Day Software For About $240 Mln - WSJ.com

A curious time for Adobe to finally get directly into the Web content management market

Adobe Systems Inc. (ADBE) said Wednesday that it has signed a definitive agreement to launch a public tender offer to acquire all of Day Software Holding AG's (DAYN.EB) shares for about $240 million in a move that will help expand its portfolio of Web content management offerings.

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"This acquisition represents a significant market opportunity for Adobe to help organizations transform themselves by enabling them to create, manage, distribute and monetize content while optimizing the web experience for their customers," the company said in a statement.

Adobe To Launch Tender Offer To Buy Day Software For About $240 Mln - WSJ.com

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