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Corel buyout final

Canadian software maker Corel announced Thursday that its acquisition by Vector Capital, a privately held venture capital firm based in San Francisco, has been completed. Corel shares have stopped trading on the Nasdaq exchange and will disappear from the Toronto Stock Exchange after trading closes Tuesday.

Corel shareholders voted earlier this month to approve the $98 million buyout, which gives them $1.05 for each share of Corel stock. Corel, best known for its CorelDraw graphics tools and WordPerfect office software, has struggled with layoffs, declining market share, and persistent losses in recent years.