CDC Software Offers $105M For Chordiant

Law360, New York (January 7, 2010, 5:50 PM EST) -- CDC Software Corp. has extended a proposal to buy all outstanding shares of customer experience software and services provider Chordiant Software Inc., a cash and stock transaction valued at $105.1 million.

CDC Software, which currently holds 392,762 shares representing approximately 1.3 percent of Chordiant's 30.4 million outstanding shares, announced Wednesday morning that it had sent the proposal to Chordiant for consideration.

“CDC Software believes this is a superior offer that should be brought to the Chordiant shareholders for consideration,”CDC Software CEO Peter Yip said in a...
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