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Improving the Efficiency of SOA-Based Applications
jhv1blz5 wrote: The article validated SOA as an IT architecture paradigm that can be leveraged in many ways. Taking data storage, scalability and application performance to a nifty level using SOA Application Grid infrastructure will no doubt enhance data and application performance on Oracle architecture platforms, it also has the promise of a cost effective and efficient IT delivery model. The very benefits of SOA.
Jul. 3, 2009 10:31 AM EDT
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AJAXWorld News Desk
Actuate Announces Final Results of Tender Offer
43.4M shares of common stock expected to be issued and outstanding

By: RIA News Desk
Jan. 1, 2009 01:00 AM

Actuate Corporation has announced the final results of its modified Dutch auction tender offer for up to $60 million of its common stock, which expired at 12:00 midnight, New York City time, on Thursday, December 18th.

Based on a final count by the depositary for the tender offer, a total of approximately 20.7 million shares of common stock (including shares tendered by notice of guaranteed delivery) were properly tendered and not withdrawn at prices within the stated range for the tender offer of $3.00 to $3.50 per share. The Company has accepted for purchase and will promptly pay $3.50 per share for 17,142,857 of these shares at a total cost of $59,999,999.50. This represents a proration rate of approximately 83.0%.

The common stock accepted for purchase represents approximately 28.5% of Actuate's 60,540,237 shares of common stock issued and outstanding as of September 30, 2008. As a result of the completion of the tender offer, immediately following payment for the tendered common stock, Actuate expects that approximately 43.4 million shares of common stock will be issued and outstanding.

Published Jan. 1, 2009— Reads 1,922
Copyright © 2009 SYS-CON Media, Inc. — All Rights Reserved.
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About RIA News Desk
Ever since Google popularized a smarter, more responsive and interactive Web experience by using AJAX (Asynchronous JavaScript + XML) for its Google Maps & Gmail applications, SYS-CON's RIA News Desk has been covering every aspect of Rich Internet Applications and those creating and deploying them. If you have breaking RIA news, please send it to RIA@sys-con.com to share your product and company news coverage with AJAXWorld readers.

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