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COPYRIGHT 2006 PR Newswire Association LLC
ATLANTA and HONG KONG, June 30 /Xinhua-PRNewswire/ -- CDC Corporation , focused on enterprise software, mobile applications and online games, today announced its intent to make a cash tender offer for all of the outstanding shares of common stock of Onyx Software Corporation for $5.00 per share. The offer price represents over a 10.4% premium to the value of Onyx's average closing stock price during the past 30 trading days.
"After continued refusals by Onyx to consider seriously our prior offers to acquire the company, we have been forced to take our offer directly to the Onyx stockholders", said Peter Yip, Executive Vice Chairman and CEO of CDC Corporation. "Our pending tender offer is clearly superior to the...
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