Hummingbird Ltd. Confirms Mailing of Management Information Circular and Receipt of Interim Order
28 August 2006 - 6:22PM
PR Newswire (US)
TORONTO, Aug. 28 /PRNewswire-FirstCall/ -- Hummingbird Ltd.
(NASDAQ: HUMC; TSX: HUM), a leading global provider of integrated
enterprise content management (ECM) solutions and network
connectivity solutions, announced today that on August 25th, 2006
it mailed to its shareholders a Management Information Circular in
connection with the proposed statutory plan of arrangement under
which all of Hummingbird's common shares will be acquired by a
wholly-owned subsidiary of Open Text Corporation (NASDAQ: OTEX;
TSX: OTC). The arrangement will be considered by shareholders at a
special meeting scheduled for September 15, 2006. Hummingbird also
confirmed that on August 18, 2006, it obtained an interim order
from the Ontario Superior Court of Justice (Commercial List)
concerning the arrangement. The Management Information Circular is
available at http://www.sedar.com/ and http://www.sec.gov/. About
Hummingbird Hummingbird Ltd. (NASDAQ: HUMC; TSX: HUM) is a leading
global provider of enterprise software solutions. The Company's
enterprise software solutions fall into two principal categories:
enterprise content management (ECM) solutions, and network
connectivity solutions. Hummingbird's ECM solutions enable
organizations to manage the lifecycle of enterprise content from
creation to disposition, thereby enabling organizations to address
critical business needs, such as information management, business
continuity, compliance and risk mitigation. The network
connectivity solutions provide a comprehensive set of core network
technologies that enables the enterprise to connect to any type of
legacy system. Founded in 1984, Hummingbird employs over 1,400
people and serves more than 33,000 customers, including 90% of
Fortune 100. Hummingbird solutions are sold directly from 40
offices worldwide and through an Alliance Network of partners and
resellers. For more information, visit http://www.hummingbird.com/.
Forward-Looking Statements Forward-looking statements in this press
release, including statements relating to the special meeting date,
are made pursuant to the safe harbor provisions of the United
States Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on assumptions made by and
information currently available to Hummingbird. Investors are
cautioned that these forward-looking statements are subject to
risks and uncertainties that may cause future results to differ
materially from those expected. Such risks include, but are not
limited to Hummingbird's ability to close the transaction in the
time period anticipated, if at all, which is dependent upon
Hummingbird's ability to receive the requisite regulatory approvals
and to comply with the closing conditions to the transactions, some
of which are beyond Hummingbird's control. Forward-looking
statements are based on management's current plans, estimates,
opinions and projections, and Hummingbird assumes no obligation to
update forward-looking statements if assumptions related to these
plans, estimates, opinions and projections should change.
DATASOURCE: Hummingbird Ltd. CONTACT: Inder Duggal, Chief Financial
Officer, Hummingbird Ltd., Tel: (416) 496-2200 ext.2205, ; Dan
Coombes, Director, Investor Relations, Hummingbird Ltd., Tel: (416)
496-2200 ext. 6359, ; Michele Stevenson, Senior Manager, Corporate
Communications, Hummingbird Ltd., Tel: (416) 496-2200 ext. 2623,
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