Interwoven Inc signs definitive agreement to be acquired by Autonomy Corporation plc

Fri. January 23, 2009; Posted: 10:01 AM

Jan 23, 2009 (M2 EQUITYBITES via COMTEX) -- IWOV | Quote | Chart | News | PowerRating -- Interwoven Inc (Nasdaq: IWOV), a content management solutions provider, reported on 22 January that it will be acquired, as per the definitive agreement signed, by Autonomy Corporation plc (LSE: AU) (LSE: AU.L), an infrastructure software company, for a total amount of USD775m. A As per the agreement, Interwoven will be acquired by Autonomy for USD16.20 per share, in cash. The shares owned by directors and certain executives of Autonomy and Interwoven have agreed to vote for the acquisition, which is expected to close by the second quarter of 2009, subject to shareholder approval by the companies, Hart-Scott-Rodino antitrust clearance and other closing conditions. A Interwoven's products maximise online business performance and organise, find and govern business content, while Autonomy's technology helps them to understand the meaning of the interactions. The combination of these two companies will assist corporations, law firms and government regulators to find, analyse and manage people friendly information.

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