Corel Corp. (CREL,CRE.TO) announced that its shareholders approved stock consolidation. The consolidation represented the final step in the acquisition of Corel by Corel Holdings L.P. Corel is now wholly-owned by Corel Holdings L.P. and its affiliates.
Shareholders other than Corel Holdings, L.P. and its affiliates will receive cash consideration of US$4.00 in respect of each pre-consolidation share held by such holder.
Corel's common shares will be delisted from Nasdaq stock market and the Toronto Stock Exchange promptly following the consolidation, and thereafter Corel will cease to be a reporting issuer under Canadian law and its reporting obligations under U.S. securities laws will be suspended.
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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.