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Form
8-K for
INTERWOVEN INC
17-Mar-2009
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Tr
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule
or Standard; Transfer of Listing.
In connection with the closing of the Merger (as defined in Item 5.01),
Interwoven, Inc., a Delaware corporation ("Interwoven"), notified The NASDAQ
Stock Market ("NASDAQ") that each share of common stock of Interwoven, par value
$0.001 per share ("Common Stock"), outstanding immediately prior to the
effective time of the Merger had been converted into the right to receive $16.20
in cash, without interest, and subject to any applicable withholding taxes, and
requested that NASDAQ file with the Securities and Exchange Commission (the
"SEC") a Notification of Removal from Listing and/or Registration under Section
12(b) of the Securities Exchange Act of 1934, as amended on Form 25 (the
"Form 25") to strike the Common Stock from listing and registration on The
NASDAQ Global Select Market. NASDAQ filed the Form 25 with the SEC on March 16,
2009, thereby delisting the Common Stock from and trading of the Common Stock
from The NASDAQ Global Select Market was suspended effective as of prior to the
opening of trading on March 17, 2009.
Item 3.03. Material Modification to Rights of Security Holders.
Upon the effective time of the Merger, holders of Common Stock immediately
prior to the effective time of the Merger ceased to have any rights as
stockholders in Interwoven (other than their right to receive the merger
consideration, or, in the case of Dissenting Shares (as defined in the Merger
Agreement), the rights pursuant to Section 262 of the Delaware General
Corporation Law) and, accordingly, such holders no longer have any interest in
Interwoven's future earnings or growth.
Item 5.01. Changes in Control of Registrant.
On March 16, 2009, pursuant to the previously announced Agreement and Plan of
Merger (the "Merger Agreement"), dated January 22, 2009, by and among
Interwoven, Autonomy Corporation plc ("Autonomy") and Milan Acquisition Corp.
("Merger Sub"), a Delaware corporation and a wholly-owned subsidiary of
Autonomy, the transaction contemplated by the Merger Agreement was consummated
(the "Merger"). Upon the closing of the Merger, Merger Sub merged with and into
Interwoven and Interwoven became a wholly-owned subsidiary of Autonomy. Pursuant
to the terms of the Merger Agreement, each share of Common Stock (other than
shares of Common Stock held by stockholders who perfected their appraisal rights
under applicable provisions of Delaware law) outstanding immediately prior to
the effective time of the Merger was converted into the right to receive $16.20
in cash, without interest, and subject to any applicable withholding taxes.
The total amount of funds necessary to complete the Merger was funded in part
by Interwoven's existing cash balance. Autonomy used cash on hand, including
proceeds from Autonomy's sale of its ordinary shares to institutional investors
in January 2009,
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and borrowings under its credit facility with Barclays Commercial Bank, Eastern,
a division of Barclays Bank PLC, to fund its payment of the merger
consideration.
The foregoing description of the Merger Agreement (including the description
of the consideration paid in connection with the Merger) is qualified in its
entirety by reference to the Merger Agreement, which was filed with the SEC as
Exhibit 2.1 to Interwoven's Current Report on Form 8-K filed on January 22,
2009, and is incorporated herein by reference.
Item 5.02. Departures of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers.
Upon the effective time of the Merger, the directors of Merger Sub
immediately prior to the effective time became the directors of Interwoven and
the officers of Merger Sub became the officers of Interwoven, in each case,
until their respective successors are duly elected or appointed and qualified,
or until earlier of their death, resignation or removal.
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in
Fiscal Year.
In connection with the completion of the Merger and pursuant to the terms of
the Merger Agreement, Interwoven's certificate of incorporation and bylaws were
amended and restated in their entirety, effective as of March 16, 2009, so that
they read the same (except with respect to the name of the corporation) as the
certificate of incorporation and bylaws of Merger Sub as in effect immediately
prior to the effective time of the Merger. Copies of the amended certificate of
incorporation and bylaws are attached hereto as Exhibits 3.1 and 3.2 and are
incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
2.1 Agreement and Plan of Merger dated as of January 22, 2009 by and among
Autonomy Corporation plc, Milan Acquisition Corp. and Interwoven, Inc.
(incorporated by reference from Exhibit 2.1 to Interwoven, Inc.'s
Current Report on Form 8-K, filed January 22, 2009).*
3.1 Amended and Restated Certificate of Incorporation of Interwoven, Inc.
3.2 Amended and Restated Bylaws of Interwoven, Inc.
|
* Schedules have
been omitted
pursuant to
Regulation S-K
Item 601(b)(2).
Interwoven,
Inc. hereby
undertakes to
furnish
supplementally
copies of any
of the omitted
schedules upon
request by the
Securities and
Exchange
Commission.
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