Docucorp shareholders may need to consider Skywire, BlueLine, Ebix offers

By Lisa Kerner

Charlotte, N.C., Feb. 5 - Docucorp International said its board has two companies interested in acquiring Docucorp for greater consideration than provided by the Skywire Software LLC merger agreement of $10 per share agreed to on Dec. 6.

BlueLine and Docucorp had been in negotiations that were limited by the Skywire agreement to a 10-day window.

Shortly after, Ebix Inc. offered $11 per share for the company after which Docucorp's shares have traded at "a substantial premium to the $10.00 merger price," the filing stated.

The stock (Nasdaq: DOCC) closed at $10.40 on Friday.

Docucorp shareholders will vote on the Skywire merger, which includes a breakup fee, at its special Feb. 22 meeting, according to a schedule 13D filed with the Securities and Exchange Commission.

Dallas-based Docucorp markets customer communication management software.

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