US regulators have requested more information from Adobe and Macromedia regarding the former firm’s acquisition of the latter.
The Department of Justice (DOJ) has filed its so-called “second request” for additional information and documentary materials.
“The second request is limited to information about the companies' products in the areas of web authoring/design and vector graphics illustration,” the companies revealed - specifically Macromedia FreeHand and Adobe Illustrator.
Adobe and Macromedia are collecting the information and hope to “respond promptly to the second request”, they stressed, adding that they: “Continue to work closely with the DOJ as it conducts its review”.
”It’ll all be over by Christmas”
The companies will now hold stockholder meetings to approve the acquisition in September 2005 and still expect the transaction to close in autumn 2005.
The news follows Adobe’s voluntary withdrawal and refiling of its pre-merger notification and report form in June, a step that gave the DOJ more time to review information pertinent to the case.
$3.4 billion takeover
In April, Adobe announced a definitive agreement to acquire Macromedia in an all-stock transaction valued at approximately $3.4 billion.
The deal - which is widely seen as a strategic move to reject Microsoft’s anticipated move into the graphics software space - is subject to regulatory and stockholder approval.