Agile Software Corporation Announced Stockholder Approval of Merger with Oracle Corporation
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SAN JOSE, Calif., July 13 /-- Agile Software Corporation (NASDAQ:AGIL) today announced that its stockholders have voted to adopt a merger agreement pursuant to which a wholly-owned subsidiary of Oracle Corporation will be merged with and into Agile, and Agile will become a wholly-owned subsidiary of Oracle. More than 74% of the Agile shares outstanding on the record date for the Agile special meeting were cast in favor of the merger agreement.
On May 15, 2007, Agile and Oracle announced the signing of the merger agreement under which Oracle will acquire Agile. Approval of the merger agreement by Agile's stockholders satisfies one of the conditions to the completion of the merger. All governmental regulatory approvals, both U.S. and foreign, required to consummate the merger have been obtained. The merger is expected to be completed as soon as practicable following the satisfaction of all of the conditions to closing.
About Agile Software Corporation
Agile Software Corporation (NASDAQ:AGIL) helps companies drive profits, accelerate innovation, improve quality, enable globalization and ensure regulatory compliance throughout the product lifecycle. With a broad suite of enterprise class PLM solutions and time-to-value focused implementations, Agile helps companies get the most from their products. 3COM, Acer, Bayer, Broadcom, CooperVision, Dell Inc., Flextronics International, Foxconn, GE Medical Systems, Harris, Heinz, Johnson & Johnson, Johnson Diversey, Lockheed Martin, McAfee, McDonald's, Micron, Philips, QUALCOMM, Sharp, Shell, Siemens and ZF are among the over 11,000 customers in the automotive, aerospace and defense, consumer packaged goods, electronics, high tech, industrial products, and life sciences industries that have licensed Agile solutions. For more information, call 408-284-4000 or visit http://www.agile.com/.
FCMN Contact: jmachold@blancandotus.com
Source: Agile Software Corporation
CONTACT: media, Cathy Clarke of Agile Software Corporation,
+44-1344-747-595, cathy.clarke@agile.com
Web site: http://www.agile.com/
