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| MSC Software Announces Stockholder Approval of Acquisition |
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Posted Fri October 09, 2009 @04:26PM
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MSC.Software Corporation, a leading global provider of simulation software and services, announced that, at MSC's special meeting of stockholders held today, a majority of its shares have been voted to adopt the Agreement and Plan of Merger among MSC, Maximus Holdings Inc. and Maximus Inc. (the "Merger Agreement"), dated July 7, 2009, as amended.
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The transaction is expected to be completed on Tuesday, October 13, 2009, subject to the satisfaction or waiver of certain closing conditions. Under the terms of the Merger Agreement, MSC stockholders will be entitled to receive $8.40 per share in cash for each share of MSC's common stock, without interest.
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