Borland Software (BORL) Receives Raised Takeover Bid of $1.25/Share, Up from$1.10-$1.20 Previously
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In a Form 8-K, Borland Software (Nasdaq: BORL) announced that during the afternoon of June 24, 2009, Company A, a strategic buyer, who had previously submitted to Borland a nonbinding proposal for the Company for cash for consideration in the range of $1.10-$1.20 per share, submitted a new nonbinding proposal for the acquisition of all of the outstanding shares of the Company for consideration of $1.25 per share in cash.
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