Pivotal Corporation, a leading provider of customer relationship management (CRM) software for mid-size enterprises, announced that it has entered into a definitive arrangement agreement with chinadotcom corporation through its software unit, CDC Software Corporation (CDC).
Pursuant to this agreement CDC will acquire all of the outstanding shares of Pivotal under a plan of arrangement that will, subject to certain conditions, permit Pivotal shareholders to elect to receive, for each Pivotal share, either:
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