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[ALDN] Aladdin Knowledge Systems Ltd

Symbol: ALDN
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10/16/2008 07:53pm
Aladdin Knowledge Systems Ltd Confirms Receipt of Non-Binding Acquisition Proposal; The offer is from Jasmine Holdo (Vector Capital unit) and it is worth $14.50 (last: $12.20)

- Yanki Margalit, Chairman and CEO of Aladdin Knowledge Systems, stated, "The Board of Directors of Aladdin is carefully considering and reviewing Jasmine Holdco's proposal in consultation with its independent financial advisors and legal counsel and remains fully committed to enhancing shareholder value."
- Back on 8/27, ALDN rejected an offer from Vector Capital equal to $13.00.


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