ATLANTA, May 14, 2009 (GLOBE NEWSWIRE) -- Holzer Holzer & Fistel, LLC is investigating the circumstances surrounding the proposed acquisition of Vignette Corp. (Nasdaq:VIGN) by Open Text Corporation (Nasdaq:OTEX) (TSX:OTC). Open Text Corporation has offered $8.00 in cash plus 0.1447 of Open Text Corporation common share for every Vignette Corp. common share for a deal value of approximately $310 million. Vignette Corp. would become a wholly-owned subsidiary of Open Text Corporation.
The investigation is focused on, among other things, whether the proposed deal consideration provides adequate value to Vignette Corp. shareholders and whether certain persons associated with the proposed acquisition breached their fiduciary duties.
If you are a current holder of Vignette Corp. common stock with questions concerning your legal rights, or if you have information that may be helpful to the firm's investigation, please contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel Jr., Esq. or Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.