SAN RAFAEL, Calif., June 20 /PRNewswire-FirstCall/ -- Autodesk, Inc.
(Nasdaq: ADSK) today announced that it has successfully completed its tender
offer for shares of Moldflow Corporation.
Autodesk's tender offer expired at 6:00 p.m., Eastern Daylight time, on
Thursday, June 19, 2008. To date, Autodesk has purchased 11,622,163 shares,
representing approximately 95% of the shares outstanding.
Autodesk expects to complete its acquisition of Moldflow by merger on June
25, 2008. As a result of the merger, all remaining outstanding shares of
Moldflow which are not owned by Autodesk, Moldflow or any of their wholly-
owned subsidiaries, will be canceled and automatically converted into the
right to receive $22.00 per share, without interest, less any required
withholding taxes. After the completion of the merger, Moldflow will be a
wholly-owned subsidiary of Autodesk.
Autodesk, Inc. is the world leader in 2D and 3D design software for the
manufacturing, building and construction, and media and entertainment markets.
Since its introduction of AutoCAD software in 1982, Autodesk has developed the
broadest portfolio of state-of-the-art digital prototyping solutions to help
customers experience their ideas before they are real. Fortune 1000 companies
rely on Autodesk for the tools to visualize, simulate and analyze real-world
performance early in the design process to save time and money, enhance
quality and foster innovation.
Autodesk and AutoCAD are registered trademarks or trademarks of Autodesk,
Inc. in the USA and/or other countries. All other brand names, product names
or trademarks belong to their respective holders. Autodesk reserves the right
to alter product offerings and specifications at any time without notice, and
is not responsible for typographical or graphical errors that may appear in
this document. (C) 2008 Autodesk, Inc. All rights reserved.
This press release contains forward-looking statements, such as statements
about the expected closing date of the merger. Statements regarding future
events are based on Autodesk's current expectations and are necessarily
subject to associated risks related to, among other things, Autodesk's ability
to timely consummate the merger. Actual results may differ materially from
those in previously provided projections or other forward-looking statements.
For information regarding other related risks, please see the Risk Factors
section of Autodesk's filings with the SEC, including its most recent filings
on Form 10-K and Form 10-Q.
SOURCE Autodesk, Inc.
Web site: http://www.autodesk.com