Adobe and Macromedia Receive Request for Additional Information from the DOJ

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July 12th, 2005 Leave a comment Visited 16 times, 1 so far today

Adobe and Macromedia Receive Request for Additional Information from the DOJ

Adobe Systems Incorporated (Nasdaq: ADBE) and Macromedia, Inc. (Nasdaq: MACR) today announced that they have received a Request for Additional Information and Documentary Materials (a “second request”) from the Department of Justice (DOJ) in connection with Adobe’s pending acquisition of Macromedia. The second request is limited to information about the companies’ products in the areas of web authoring/design and vector graphics illustration.

The second request will extend the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvements Act of 1976 until 30 days after Adobe and Macromedia have substantially complied with the request. Adobe and Macromedia are in the process of gathering information to respond promptly to the second request and continue to work closely with the DOJ as it conducts its review.

The companies expect to hold meetings of their respective stockholders to approve the acquisition in September 2005 and still anticipate that the transaction will close in Fall 2005.

Read the complete Press Release





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