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NVDM Novadigm (MM)

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Share Name Share Symbol Market Type
Novadigm (MM) NASDAQ:NVDM NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
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Novadigm, Inc. Announces Stockholder Approval of Merger

30/03/2004 5:55pm

PR Newswire (US)


Novadigm (NASDAQ:NVDM)
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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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