Documentum To Acquire eRoom Technology, Inc.
by Volker Weber
Documentum [...] today announced an agreement to acquire privately held eRoom Technology, Inc. In the acquisition, Documentum will issue approximately 7.7 million shares of its common stock and pay approximately $12.6 million in cash for all of the outstanding shares of eRoom’s capital stock, based upon eRoom’s current capitalization. In addition, Documentum will reserve approximately 1.7 million shares of its common stock for issuance upon exercise of eRoom stock options being assumed in the acquisition.
