Interwoven Announces Stockholder Approval of the iManage Merger Interwoven, Inc., provider of an integrated enterprise content management platform, announced that, at separate special meetings, stockholders approved the merger of Interwoven and iManage.
The merger was completed as of the close of NASDAQ trading November 18, 2003. As previously announced, factoring in the reverse stock split discussed below, iManage stockholders will receive $1.20 in cash (without interest) and 0.523575 of a share of Interwoven common stock for each share of iManage common stock they own, with cash paid in lieu of any fractional share of Interwoven common stock which otherwise would be issued to the iManage stockholders.
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