Corel - Investors with no Humor Message Board

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Technology Stocks : Corel - Investors with no Humor

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To: A. Reader who wrote (933)	2/25/1999 5:19:00 PM
From: A. Reader	Read Replies (4) of 1094

OTTAWA--(BUSINESS WIRE)--Feb. 25, 1999--Corel Corporation (NASDAQ:COSFF)(TSE:COS) today announced that The Toronto Stock Exchange has today accepted notice for filing of Corel's shareholder rights plan (the "Plan") announced February 11, 1999. The Plan is effective as of the close of business on February 25, 1999 and will be operative until the date of Corel's next Annual and Special Shareholders' Meeting on April 14, 1999. To remain effective, the Plan must be approved by more than 50 percent of the votes cast at that meeting. As previously announced, the Plan has been adopted in order to provide Corel's Board of Directors and shareholders with sufficient time to assess and evaluate any take-over-bid and, in the event a bid is made, to provide the Board of Directors with an appropriate period of time to explore and develop alternatives which maximize shareholder value. The Plan is also intended to ensure that all of Corel's shareholders are treated equally if a bid is made. The Plan is not intended to deter take-over bids. Corel Corporation

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