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Ottawa Citizen: Corel, Inprise shares plummet

Mar 23, 2000, 06:36 (1 Talkback[s])
(Other stories by Bert Hill)


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"Value of proposed takeover falls to 52 per cent of original value."

"Stock prices of Corel Corp. and takeover target Inprise/Borland Corp. plunged 22 per cent yesterday after Corel reported big losses and warned that the poor results will prevail for at least six months.

"The deep selloff reduced the original deal to just 52 per cent of the announced value and it put a charge in the campaign of angry Inprise shareholders led by Don Magie of Toronto.

"'There is no way that the Corel takeover of Inprise will go forward now,' said Mr. Magie."

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