<< Read Full Article

Adobe Acquisition Gets Nod

Stock quotes in this article: ADBE , MACR  

Shareholders of Adobe Systems(ADBE Quote) and Macromedia (MACR Quote) overwhelming approved the merger of their companies Wednesday.

The $3.4 billion deal stills needs regulatory approval. In July, the Department of Justice asked for more details of the combination, but the query is not seen as a major obstacle.

Adobe, best known for its Acrobat document sharing software, and Macromedia, best known for Flash animation software and Dreamweaver Web design program, have some overlap in their product lines; and it is possible that antitrust officials could make approval of the merger conditional on a divestiture. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,344.84 1,095.63 2,144.60 32.01
Oil *
78.55
UP
34.92
UP
4.14
UP
6.16
DOWN
0.30
10 Yr
3.20%
SPDR Gold
115.65
+0.34%
+0.38%
+0.29%
-0.93%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services