Sunday, December 10, 2006

Hit #135 (Docucorp)

Docucorp (DOCC) is being acquired by Skywire Software for $127 million in cash, amounting to $10/share. The offer is a discount of 9.1% to my average cost per share of $11.

Docucorp is being sold for less than what it would get in a competitive auction, and needless to say the buyer is getting a good deal.

As I mentioned previously when Stellent was bought out, very few players in this field now remain public. Companies like Mobius (MOBI), Interwoven (IWOV) and Omtool (OMTL) will all cease to be independent companies soon.

Previous hit - Agere (#134)


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