SDL Plc: Proposed Acquisition of Trados.

PR Newswire Europe, June, 2005

MAIDENHEAD, England, June 20 /PRNewswire/ -- The Board of SDL announced today proposals to acquire for a maximum aggregate consideration of US$60.0 million (GBP33.0 million), certain intellectual property in TRADOS and all of the outstanding issued shares of TRADOS. This includes US$7.8 million (GBP4.3 million) for intellectual property, US$52.2 million (GBP28.7 million) for the outstanding shares in TRADOS which include a US$7.8 million (GBP4.3 million) TRADOS Management Incentive Plan. The above transactions will be satisfied by a cash consideration of US$50 million (GBP27.5 million) to be funded from new bank facilities of GBP20 million and the balance from the existing cash resources of the Company and by the issue of Ordinary Shares in SDL with a value of up to...

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