Rocket Software, Inc. to Acquire NetManage, Inc. (NETM)
Rocket Software, Inc, a privately held corporation, and NetManage, Inc (NETM), a publicly traded company, have jointly announced that both companies have signed a definitive merger agreement. According to this agreement, Rocket will acquire each outstanding share of common stock of NetManage for $7.20 per share; representing a 95% premium over the closing share price of $3.69 as of December 11, 2007. NetManage is focused on the distribution of software that can transform current internet applications into new Web-based business solutions. NetManage allows customers to maximize investments in existing World Wide Web systems by allowing customers to leverage their current…