Adobe's proposed Macromedia acquisition clears DOJ review
Adobe today said it has received clearance from the U.S. Department of Justice (DOJ) to acquire Macromedia. The closing of the transaction remains subject to regulatory approval in several European jurisdictions. The companies continue to anticipate the transaction will close sometime this Fall.
Adobe announced in April of this year that it has reached an agreement to acquire Macromedia in an all-stock transaction. Pursuant to the terms of the acquisition agreement, holders of Macromedia common stock will receive 1.38 shares of Adobe common stock for each share of Macromedia common stock they own at the closing of the acquisition. In August, the stockholders of each company voted in favor of the transaction. The acquisition is valued at approximately $3.4 billion.
Related stories : Adobe to acquire Macromedia in $3.4 billion deal
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