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Technology Stocks : Quarterdeck: Making a Striking Comeback!
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To: Jesse Livermore who wrote (3261)10/16/1998 6:40:00 PM
From: Doug Coughlan  Read Replies (1) of 3307
 
Oct. 15, 1998, Symantec Corp. (Nasdaq:SYMC) announced that it signed a definitive agreement to acquire Quarterdeck Corp.
Under the terms of the agreement, which has been approved by both companies boards, SYMC will begin a cash tender offer for all
of QDEK's shares outstanding at a price of $0.52 per share. The purchase price is about $65 million, including the assumption of
QDEK's debt.
Completion of the tender offer is subject to certain conditions, including the tender of a majority of QDEK's shares, receipt of
necessary government approvals, and the expiration of applicable waiting periods under the Hart-Scott-Rodino Act. SYMC expects the
tender offer to be completed by the end of November, and anticipates that the transaction will be non-dilutive.

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