Feds Approve Adobe's $1.8B Omniture Buyout

Law360, New York (October 6, 2009, 7:13 PM EDT) -- U.S. antitrust regulators have sped up Adobe Systems Inc.’s $1.8 billion acquisition of Web analytics firm Omniture Inc., terminating the waiting period for the tender offer ahead of schedule.

On Tuesday, the Federal Trade Commission approved the deal, tapering the termination period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, and clearing the way for Adobe to pay $21.50 per share in cash for the company, according to Adobe’s press release.

At the same time, the business software powerhouse amended the tender offer statement originally...
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