BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Corel: going private, again?]]>http://www.bloggingstocks.com/2008/04/15/corel-going-private-again/http://www.bloggingstocks.com/2008/04/15/corel-going-private-again/http://www.bloggingstocks.com/2008/04/15/corel-going-private-again/#commentsFiled under: , ,

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.

Continue reading Corel: going private, again?

Corel: going private, again? originally appeared on BloggingStocks on Tue, 15 Apr 2008 17:36:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Corelcoreldrawigrafxwinzipword perfectWordPerfectTue, 15 Apr 2008 17:36:00 EST