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Technology Stocks : Enterprise Informatics

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Sep 29 4:00 PM EDT

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To: Elliot Puritz who wrote (3569)	5/11/1999 11:28:00 AM
From: SIer formerly known as Joe B.	of 13797

Hummingbird bid for PC Docs extended TORONTO, May 11, 1999 (The Canadian Press via COMTEX) -- Hummingbird Communications Ltd. has extended until Thursday morning its right to respond to a rival bid for PC Docs Group International, the document management firm. Hummingbird, which made an all-shares bid for PC Docs, had been expected to react Monday to the April 29 all-cash offer by Open Text Corp. of Waterloo, Ont. But Hummingbird and PC Docs said today they agreed to extend the response deadline. Open Text initially went after PC Docs last December. Since then there have been counter-moves by the PC Docs board, Solution 6 Holdings of Australia and by Hummingbird. On March 4, Hummingbird offered one Hummingbird share for three PC Docs shares. Then Open Text offered $8.50 a share. A special meeting of PC Docs shareholders has been posponed until May 21, the National Post reports. Copyright (c) 1999 The Canadian Press (CP), All rights reserved. -0- * end of story *

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