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NetManage (NETM) To Be Acquired By Micro Focus for $7.20/Share

May 1, 2008 7:01 AM EDT
NetManage, Inc. (Nasdaq: NETM) agreed to be acquired by Micro Focus International for $7.20 per share. This represents a premium of approximately 73% over the closing share price of NetManage's common stock on April 30, 2008 of $4.15.

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