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Documentum Announces Expiration of Hart-Scott-Rodino Waiting Period
PLEASANTON, Calif., Dec. 3 /PRNewswire-FirstCall/ -- Documentum , the leading
provider of enterprise content management (ECM), today announced the expiration
of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act
related to its previously announced acquisition by EMC Corporation. The waiting
period was related to the U.S. Department of Justice Antitrust Division review
of the transaction.
The transaction remains subject to various closing conditions, including the
approval of Documentum stockholders. The special meeting for stockholders to
consider and vote upon the proposed acquisition will occur on December 18, 2003
at 10:00 a.m. Pacific Time at the company's headquarters located at 6801 Koll
Center Drive, Pleasanton, CA 94566. All Documentum common stockholders of
record at the close of business on November 17, 2003, will be entitled to vote
at the meeting. Completion of EMC's acquisition of Documentum is subject to
stockholder approval and other conditions identified in the acquisition
agreement.
About Documentum
Documentum provides enterprise content management (ECM) solutions that enable
organizations to unite teams, content and associated business processes.
Documentum's integrated set of content, compliance and collaboration solutions
support the way people work, from initial discussion and planning through
design, production, marketing, sales, service and corporate administration. With
a single platform, Documentum enables people to collaboratively create, manage,
deliver and archive the content that drives business operations, from documents
and discussions to email, Web pages, records and rich media. The Documentum
platform makes it possible for companies to distribute all of this content in
multiple languages, across internal and external systems, applications and user
communities. As a result, Documentum's customers, which include thousands of the
world's most successful organizations, harness corporate knowledge, accelerate
time to market, increase customer satisfaction, enhance supply chain
efficiencies and reduce operating costs, improving their overall competitive
advantage. For more information, visit Documentum on the Web at
http://www.documentum.com/.
Additional Information and Where to Find It
EMC and Documentum have filed a preliminary prospectus/proxy statement with the
U.S. Securities and Exchange Commission (the "SEC") to register the shares of
EMC common stock to be used in the proposed transaction. The final
prospectus/proxy statement will be mailed to the stockholders of Documentum.
Investors and security holders of EMC and Documentum are advised to read the
prospectus/proxy statement and any other relevant documents filed with the SEC
by EMC and/or Documentum, when available, because they contain, and will
contain, important information about EMC, Documentum and the proposed
transaction. Investors and security holders may obtain a free copy of the
prospectus/proxy statement and any other relevant documents filed with the SEC
by EMC and/or Documentum, when available, as well as any amendments or
supplements to those documents, at the SEC's website at http://www.sec.gov/.
Free copies of the prospectus/proxy statement and each company's other filings
with the SEC, when available, as well as any amendments or supplements to those
documents, also may be obtained from the respective companies. Free copies of
EMC's filings may be obtained by directing a request to EMC. You can request
this information via the web at http://www.emc.com/ir/request or by sending a
written request to EMC Investor Relations, EMC Corporation, 176 South Street,
Hopkinton, MA 01748. Free copies of Documentum's filings may be obtained by
directing a request to Documentum Investor Relations, Documentum, Inc. 6801 Koll
Center Parkway, Pleasanton, CA 94566. In addition, investors and security
holders may access copies of the documents filed with the SEC by EMC on EMC's
website at http://www.emc.com/, and investors and security holders may access
copies of the documents filed with the SEC by Documentum on Documentum's website
at http://www.documentum.com/.
Documentum, its directors and executive officers may be deemed to be
participants in the solicitation of proxies from Documentum stockholders in
favor of the proposed transaction. A description of the interests of the
directors and executive officers of Documentum is set forth in Documentum's
proxy statement for its 2003 annual meeting, which was filed with the SEC on
April 24, 2003. Investors and security holders may obtain additional
information regarding the interests of such potential participants by reading
the definitive proxy statement/prospectus and the other relevant documents filed
with the SEC when they become available.
NOTE: Documentum and the Documentum logo are trademarks or registered
trademarks of Documentum, Inc. in the US and throughout the world. All other
company and product names are used for identification purposes only and may be
trademarks of their respective owners. Documentum cannot guarantee completion
of any future products or product features mentioned in this document, and no
reliance should be placed on their availability. Printed in the U.S.A.
This release contains "forward-looking statements" as defined under the Federal
Securities Laws. Actual results could differ materially from those projected in
the forward-looking statements as a result of certain risk factors, including
but not limited to: (i) risks associated with strategic investments and
acquisitions, including the challenges and costs of closing, integration,
restructuring and achieving anticipated synergies associated with the
acquisition of LEGATO Systems, Inc. and announced plans for EMC to acquire
Documentum, Inc.; (ii) adverse changes in general economic or market conditions;
(iii) delays or reductions in information technology spending; (iv) the
transition to new products, the uncertainty of customer acceptance of new
product offerings, and rapid technological and market change; (v) insufficient,
excess or obsolete inventory; (vi) competitive factors, including but not
limited to pricing pressures; (vii) component quality and availability; (viii)
the relative and varying rates of product price and component cost declines and
the volume and mixture of product and services revenues; (ix) war or acts of
terrorism; (x) the ability to attract and retain highly qualified employees;
(xi) fluctuating currency exchange rates; and (xii) other one-time events and
other important factors disclosed previously and from time to time in EMC's and
Documentum's filings with the U.S. Securities and Exchange Commission. EMC and
Documentum disclaim any obligation to update any such-forward looking statements
after the date of this release.
DATASOURCE: Documentum, Inc.
CONTACT: media, Kathleen O'Boyle, +1-925-600-6727, or
, or investors, Pat Menchaca, +1-925-600-5593,
or , both of Documentum
Web site: http://www.documentum.com/