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Corel Corporation (Nasdaq: CREL) is a long-term player in the software business. It has products like WinZip, CorelDRAW, iGrafx, WordPerfect, and so on. However, with competitors like Microsoft Corporation (Nasdaq: MSFT) and even Google, Inc. (Nasdaq: GOOG), it's been particularly tough.
Well, Corel's largest investor (owning 69%), Vector Capital, has expressed interest in taking the company private. Keep in mind that Vector took Corel private back in 2003 (at $1.05 per share).
As for the current proposal, it's for $11 per share (the 52-week high on Corel is $14.37). And, Corel has now hired a financial advisor, Genuity Capital Markets, to evaluate the proposal as well as look at other alternatives.
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