Onyx Software Files Definitive Proxy and Sets Date of Special Shareholder Meeting
June 29 2006 - 5:14PM
Business Wire
Onyx(R) Software Corporation (Nasdaq:ONXS), a worldwide leader in
customer management solutions for the enterprise, announced that
today it has filed a definitive proxy statement related to the
proposed acquisition of Onyx by M2M Holdings, Inc. with the
Securities and Exchange Commission (SEC) after a limited review by
the SEC. Onyx will hold a special meeting of shareholders to vote
on the proposed transaction at 10:00 a.m. local time on Tuesday,
August 1, 2006, at the Onyx headquarters in Bellevue, Washington.
Shareholders of Onyx stock at the close of business on June 21,
2006, the record date, will be entitled to vote on the transaction.
A copy of the definitive proxy and related voting materials and
instructions will be mailed on approximately June 30, 2006, to the
Onyx shareholders entitled to vote at the special meeting.
Shareholders also may obtain a copy of these materials and
information on voting procedures by contacting The Altman Group at
1-800-581-5607. On June 26, 2006, Onyx announced it has received
notification from the Federal Trade Commission of early termination
of the waiting period under the Hart Scott Rodino Antitrust
Improvements Act of 1976 (HSR), as amended, relating to the
proposed transaction. Completion of the HSR review satisfies a
regulatory review condition to closing the transaction. The closing
of the transaction remains subject to approval by holders of a
majority of Onyx's outstanding common stock and other customary
closing conditions. If shareholder approval is obtained at the
special meeting, Onyx expects the transaction to close promptly
following the special meeting on August 1, 2006. Additional
Information About the Proposed Transaction and Where to Find It As
previously mentioned, in connection with the proposed transaction
Onyx filed a definitive proxy statement with the SEC. Investors and
security holders are advised to read the definitive proxy statement
and any other relevant documents filed with the SEC because they
contain important information about the proposed transaction and
Onyx. Investors and security holders may obtain a free copy of the
definitive proxy statement and other documents filed by Onyx from
the SEC Web site at www.sec.gov. Onyx's directors and executive
officers may be deemed to be participants in the solicitation of
proxies from the shareholders of Onyx in connection with the
proposed transaction. A description of certain of the interests of
directors and executive officers of Onyx is set forth in the
definitive proxy statement. About Onyx Software Onyx Software
Corporation (Nasdaq:ONXS) is a worldwide leader in customer
management and process software for mid- and large-size
enterprises. Onyx provides flexible solutions that enable
organizations to automate, manage and evolve their customer
processes quickly and cost-effectively for strategic advantage. By
providing an integrated suite of customer process automation
applications encompassing customer management, process management,
and analytics capabilities, Onyx enables enterprises to reduce
costs, increase productivity, and grow revenue. Major companies are
aligning their customer-facing departments and managing their
customer processes with Onyx software -- companies such as Amway
Corporation, Mellon Financial Corporation, The Regence Group and
State Street Corporation. More information can be found at (888)
ASK-Onyx, info@onyx.com or http://www.onyx.com/. Forward-Looking
Statements This press release contains forward-looking statements,
including statements about the expected closing of the proposed
acquisition of Onyx by M2M Holdings, Inc. Forward-looking
statements are based on the opinions and estimates of management at
the time the statements are made and are subject to risks and
uncertainties that could cause actual results to differ materially
from those anticipated in the forward-looking statements. The words
"predict," "believe," "expect," "intend," "anticipate," variations
of such words, and similar expressions identify forward-looking
statements, but their absence does not mean that the statement is
not forward-looking. These statements are not guarantees of future
performance and are subject to risks, uncertainties and assumptions
that are difficult to predict. Factors that could affect Onyx's
actual results include, but are not limited to, the risk the
transaction is not consummated or is not consummated within the
expected timeframe and the "Risk Factors" described in our annual
report on form 10-K and our quarterly report on form 10-Q and other
filings with the Securities and Exchange Commission which are
available on our investor relations home page at
www.onyx.com/investors. Readers are cautioned not to place undue
reliance upon these forward-looking statements that speak only as
to the date of this release. Onyx undertakes no obligation to
update publicly any forward-looking statements to reflect new
information, events or circumstances after the date of this release
or to reflect the occurrence of unanticipated events. Onyx is a
registered trademark of Onyx Software Corporation in the United
States and other countries. Other product or service names
mentioned herein are the trademarks of their respective owners.
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