LITTLE ROCK, Ark., April 10, 2007 (PRIME NEWSWIRE) -- On April 5, 2007, webMethods, Inc. (Nasdaq: WEBM) ("webMethods") entered into a definitive agreement and plan of merger with Software AG, Europe's largest systems software and service-oriented architecture provider for an offer price of $9.15 per share in cash. Currently, webMethods, Inc. is trading above this offer price and the 52-week high for webMethod's stock is over 10% higher than this offer price.
If the proposed merger is finalized, webMethods will no longer be a publicly traded company.
While webMethods and Software AG have announced they expect to close the merger in the second quarter of 2007, shareholder approval is required before the acquisition can be completed.
If you are a current webMethods shareholder and would like additional information concerning your rights in this matter, you may contact Cauley Bowman Carney & Williams, PLLC at the phone number below. You may also visit Cauley Bowman online at www.cauleybowman.com.
About Cauley Bowman
Cauley Bowman is a national law firm that represents investors and consumers in class action and corporate governance litigations. It is one of the country's premier firms in the area of securities fraud having recovered billions of dollars for defrauded investors and secured significant corporate governance reforms. Cauley Bowman maintains in-house finance and forensic accounting specialists and extensive trial experience.