Irish SOA Maker IONA Puts Up 'For Sale' Sign
02/21/2008
IONA Technologies (NASDAQ: IONA: 3.65, +0.30, +8.95%), a specialist in distributed service-oriented architecture (SOA) infrastructure solutions for performance-demanding IT environments, today announced that it has retained Lehman Brothers Inc. to evaluate and advise its Board of Directors regarding strategic alternatives for the business, including, but not limited to, the sale of IONA or merger of IONA with another entity offering strategic opportunities.
ebizQ received the following:
There is no assurance that the initiation of a process to explore strategic alternatives will result in a transaction. IONA does not anticipate making another announcement in regard to this matter unless its Board has approved a definitive transaction, or unless required by law or regulation.
The holder of 1% or more of any relevant securities in IONA may from the date of this announcement have disclosure obligations under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2007.
The Directors of IONA accept responsibility for the information contained in this announcement. To the best of their knowledge and belief (having taken all reasonable care to ensure that such is the case), the information contained in this announcement for which they take responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information.
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