Sold this years ago. Well, now its the end of the line...
Previo Stockholders Agree to the Sale of Its Technology Assets and Dissolution
Updated: Thursday, September 19, 2002 04:15 PM ET Printer-friendly version
- Previo Prepares for Dissolution and Liquidating Payments -
SAN DIEGO, Sept. 19 /PRNewswire-FirstCall/ -- Previo, Inc. (Nasdaq: PRVO, news) announced the results of the special meeting of its stockholders that was held on September 17, 2002.
The stockholders of Previo approved the sale of Previo's core technology and related non-cash assets to Altiris, Inc. (Nasdaq: ATRS, news). Previo will receive a total of $1,000,000 for the sale of its assets to Altiris (including $500,000 Previo already received pursuant to a license agreement it entered into with Altiris on June 24, 2002). The closing of the asset sale with Altiris is expected to occur early next week.
The stockholders of Previo also approved the dissolution and liquidation of Previo and the plan of dissolution. Previo anticipates that it will file a certificate of dissolution with the office of the Secretary of State of the state of Delaware, immediately following the closing of the asset sale with Altiris. Upon filing the certificate of dissolution, Previo will close its stock transfer books and delist its common stock from the Nasdaq National Market.
Except for the historical information contained herein, this news release as well as Previo's SEC filings and website at www.previo.com contain forward-looking statements that involve risks and uncertainties within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the possible sale of Previo's assets to Altiris, its proposed dissolution, or other possible strategic transactions. Actual results could vary materially from those discussed as a result of a number of factors including those set forth in Previo's Annual Report on Form 10-K and subsequent SEC filings in addition to risks that Previo will be unable to consummate the asset sale with Altiris, and therefore, that Previo will not file a certificate of dissolution with the Secretary of State of the state of Delaware. Some of the reports referred to above were filed under the name of Stac Software, Inc., Previo's predecessor company. |
