Corel and Inprise/Borland Announce Expiration of Antitrust Waiting Period for Merger
OTTAWA, Canada/SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--April 10, 2000--Corel Corporation (Nasdaq: CORL, news, msgs; TSE: COR) and Inprise/Borland Corporation (Nasdaq: INPR, news, msgs) today announced that the waiting period has expired under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 regarding the definitive merger agreement between Inprise/Borland and Corel Corporation. The expiration became effective at 11:59 p.m. on Sunday April 9, 2000.
Inprise/Borland Corporation
Inprise/Borland is a leading provider of Internet access infrastructure and application development tool and services for all major platforms, including Linux, Solaris and Windows. In February, Inprise/Borland agreed to merge with Corel Corporation. This merger, which is subject to the approval of both parties' shareholders and regulatory approval, is expected to be completed in the summer. Founded in 1983, Inprise/Borland is headquartered in the Silicon Valley, California, with operations worldwide. To learn more, visit Inprise/Borland at borland.com, the community site at community.borland.com call the company at (800) 632-2864.
Corel Corporation
Corel Corporation is an internationally recognized developer of award-winning business productivity, graphics and operating system solutions on the Windows(R), Linux(R), UNIX(R), Macintosh(R) and Java(tm) platforms. Corel also develops market-leading, Web-based solutions including applications, contents, e-commerce and online services. For access to these services and more information go to www.corel.com or www.corelcity.com. Corel is headquartered in Ottawa, Canada. Corel's common stock trades on the Nasdaq Stock Market under the symbol CORL and on the Toronto Stock Exchange under the symbol COR.
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