Both Adobe and Macromedia will hold special stockholders meetings on August 24 to vote on the proposed merger between the two companies.
Adobe will hold its meeting at 3pm PDT (11pm UK time) on Wednesday, August 24, 2005. Macromedia shareholders will meet and vote at the same time on the same date.
A joint proxy statement/prospectus will be mailed on or about July 22, 2005, to Macromedia and Adobe stockholders of record as of July 19, 2005. All Adobe and Macromedia stockholders of record as of July 19, 2005, are entitled to vote on the transaction.
The two companies anticipate the transaction will close in autumn 2005: "Subject to approvals by Macromedia and Adobe stockholders, appropriate regulatory approvals, and the satisfaction of other closing conditions."
As previously reported, Adobe has announced a definitive agreement to acquire Macromedia in an all-stock transaction valued at approximately $3.4 billion.