Stock Watch: OnDisplay Gains, Vignette Falls on Merger Plans

OnDisplay, Inc. (Nasdaq: ONDS) was up 3 1/16 at 56 5/16 early Monday after the San Ramon, California-based company agreed to be acquired by Vignette Corp. (Nasdaq: VIGN) in a stock swap valued at about $1.7 billion. Vignette was down 7 7/64 at 35 45/64.

The Austin, Texas-based Vignette said it will issue 1.58 shares for each OnDisplay share.

“OnDisplay’s strong market momentum, world-class customers and powerful XML-centric architecture are a natural complement to Vignette,” said Vignette President and Chief Executive Officer Greg Peters.

The company will have about 2,000 employees and 870 customers worldwide.

Leave a Comment

Please sign in to post or reply to a comment. New users create a free account.

Technewsworld Channels