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/