Thursday, Corel Holdings L.P., a limited partnership controlled by an affiliate of Vector Capital, announced that it has successfully completed its all-cash tender offer to purchase all outstanding common shares, no par value, of Corel Corp. (CREL,CRE.TO), excluding the shares owned by CHLP and its affiliates, at U.S.$4.00 per share, net to the seller in cash, without interest and less applicable withholding taxes.
The company said that the number of shares tendered pursuant to the offer satisfies the non-waivable majority of the minority condition to the offer. The depositary for the tender offer, CIBC Mellon Trust Company, has advised CHLP that, as of the expiration of the initial offering period, a total of around 4,542,951 common shares of Corel Corporation were validly tendered and not withdrawn, representing about 52% of the shares outstanding, excluding the shares owned by CHLP and its affiliates.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.