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Shareholders OK Corel acquisition

Corel and Micrografx announced that Micrografx shareholders have approved the company's acquisition by Corel. The stock-for-stock transaction is expected to close tomorrow. As part of its plan to integrate the companies, Corel will support all of Micrografx's current businesses, including those involving its array of graphics and photo-editing software. "Now that we have successfully brought these two companies together, we are very pleased to take the next step and make full use of our complementary strengths to realize the incredible opportunities ahead," said Derek Burney, president and CEO of Corel.

Corel and Micrografx announced that Micrografx shareholders have approved the company's acquisition by Corel. The stock-for-stock transaction is expected to close tomorrow. As part of its plan to integrate the companies, Corel will support all of Micrografx's current businesses, including those involving its array of graphics and photo-editing software. "Now that we have successfully brought these two companies together, we are very pleased to take the next step and make full use of our complementary strengths to realize the incredible opportunities ahead," said Derek Burney, president and CEO of Corel.