NetManage, proxy advisory firm urge shareholders to OK merger with Micro Focus

By Lisa Kerner

Charlotte, N.C., June 2 - NetManage, Inc. urged its shareholders to vote in favor of the company's merger with Micro Focus International plc at a special meeting on June 17.

According to NetManage, proxy advisory firm RiskMetrics Group/ISS is also recommending that shareholders OK the deal.

"We feel confident that this is the right strategy for our shareholders, customers and employees," NetManage chairman, president and chief executive officer Zvi Alon said in a company news release.

On May 1 Micro Focus, a Newbury, U.K.-based software company, announced it had entered into a definitive agreement to acquire NetManage for $7.20 per share in a deal valued at some $73.3 million.

NetManage is a Cupertino, Calif., software company specializing in transforming legacy applications into web-based business solutions.

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