Novadigm, Inc. Announces Stockholder Approval of Merger
31 March 2004 - 2:55AM
PR Newswire (US)
Novadigm, Inc. Announces Stockholder Approval of Merger MAHWAH,
N.J., March 30 /PRNewswire-FirstCall/ -- Novadigm, Inc. , a leading
provider of adaptive software change and configuration management
solutions, announced that at a special meeting heldtoday its
stockholders approved and adopted the Agreement and Plan of Merger
by and among Hewlett-Packard Company, Norton Acquisition
Corporation, a wholly-owned subsidiary of HP, and Novadigm and
approved the merger of Norton Acquisition Corporation with and into
Novadigm, with Novadigm continuing as a wholly-owned subsidiary of
HP. The companies have also obtained clearance under applicable
antitrust laws to complete the merger. The merger is expected to
close on April 1, 2004, upon the satisfaction or waiver of the
remaining closing conditions. Under the terms of the merger
agreement, each outstanding share of Novadigm will be converted
into the right to receive $6.10 in cash from HP. About Novadigm
Novadigm is a leading provider of software and content management
solutions for enterprise and Internet computing environments that
enable organizations to reduce software management costs, speed
time-to-market, expand marketing channels and open new sources of
revenue. Novadigm's suite of integrated products, based on the
company's market-leading technology, work seamlessly together as
the only end-to-end solution that can efficiently, reliably and
scalably deploy and manage the full range of today's software and
content, personalized for awide range of computing devices, across
virtually any network. Novadigm customers -- Global 1000 business
enterprises, software vendors and service providers around the
world -- report software management savings of 80 percent or more,
time-to-market improvements of 70 percent or more, and reliability
typically greater than 99 percent. For more information on
Novadigm, please visit http://www.novadigm.com/ or call
1-800-626-6682. Forward-Looking Statement This press release
contains a forward-looking statement regarding the expected closing
of the merger within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
This forward-looking statement is subject to the risk that the
closing of the merger could be delayed or not occur. This
forward-looking statement is based upon information available to
Novadigm as of the date of the release, and we assume no obligation
to update such forward-looking statement. DATASOURCE: Novadigm,
Inc. CONTACT: Wallace Ruiz, Chief Financial Officer,
+1-201-512-7809 or ; or Jody Burfening of Lippert/Heilshorn &
Assoc., +1-212-838-3777 or , for Novadigm, Inc. Web site:
http://www.novadigm.com/
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