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Vector Capital Agrees To Acquire Corel For $1.05 Per Share

Time: 13:07 EST/18:07 GMT | News Source: CRN | Posted By: Jonathan Tigner

Vector Capital has agreed to acquire all remaining shares and assets of Corel.

The San Francisco-based firm, a Corel shareholder, will pay $1.05 per share for outstanding shares. The price was less than the $1.10 per share Corel executives wanted, but a 42 percent premium over where Corel's shares were selling before the negotiations were made public.

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