Interested nominators can request a brochure and a Letter of Intent (LOI) form by contacting: CHLP
, 30 Winter St.
The Company announced that the directors mandated to act on behalf of the Board have carefully reviewed the CHLP tender offer with the assistance of their financial and legal advisors.
If the tender offer is successfully completed, CHLP will take steps as necessary to acquire all common shares not tendered in the offer at the same price per share as it paid in the offer, to de-register Corel as a public company and to thereby cause Corel to become a private company owned by CHLP.
Under the terms of its tender offer, CHLP
is seeking to acquire, subject to certain conditions, all of the outstanding common shares of Corel not owned by it for $(U.
MPH, Vice President for External Relations at PHI and Director of CHLP
Since the original announcement of the CHLP Proposal on March 28, 2008, Corel's Board of Directors announced the formation of a special committee of the Board (the "Special Committee") to assist the Board in evaluating and responding to the CHLP Proposal.
In light of the withdrawal of the CHLP Proposal and the Board's desire to oversee evaluation of the potential strategic alternatives directly, the Board has unanimously determined that there is no longer a need for the Special Committee.
is proposing to make an offer to acquire all of Corel's outstanding common shares not currently held by CHLP
at a price of US$11.
There can be no assurance that any transaction with CHLP
or any other party will be consummated.