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Short Take: Open Text withdraws bid for PC Docs

After an ugly courting, Open Text has decided to ditch its dogged pursuit of PC Docs Group. Knowledge management firm Open Text said it has decided to withdraw its merger offer. PC Docs, a document management company, rejected the company's second offer and warned of a suit if Open Text pursued the deal.

Kim Girard
Kim Girard has written about business and technology for more than a decade, as an editor at CNET News.com, senior writer at Business 2.0 magazine and online writer at Red Herring. As a freelancer, she's written for publications including Fast Company, CIO and Berkeley's Haas School of Business. She also assisted Business Week's Peter Burrows with his 2003 book Backfire, which covered the travails of controversial Hewlett-Packard CEO Carly Fiorina. An avid cook, she's blogged about the joy of cheap wine and thinks about food most days in ways some find obsessive.
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Kim Girard
After an ugly courting, Open Text has decided to ditch its dogged pursuit of . Knowledge management firm Open Text said it has decided to withdraw its merger offer. PC Docs, a document management company, rejected the company's second offer and warned of a suit if Open Text pursued the deal.