Captiva Shareholders Approve Acquisition by EMC

Dec 29, 2005

Captiva Software Corporation, a provider of input management solutions, has announced that, at a shareholders meeting, Captiva's shareholders approved the company's acquisition by EMC Corporation, a provider of information management and storage. Subject to the satisfaction of all customary closing conditions, Captiva anticipates the acquisition to close on Friday. Under the merger agreement, EMC has agreed to pay $22.25 per share in cash without interest and less any applicable tax withholding for each share of Captiva common stock outstanding on the closing date.