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Corel Corporation Special Committee Selects Genuity Capital Markets as Financial Advisor
OTTAWA, April 14 /CNW/ - Corel Corporation (NASDAQ:CREL; TSX:CRE), a leading developer of graphic...
About this update from Critical Elements Lithium Corporation
[{"type":"text","content":"\n\n\n\nOTTAWA, April 14 /CNW/ - Corel Corporation (NASDAQ:CREL; TSX:CRE), a\nleading developer of graphics productivity and digital media software,\nannounced today that the special committee of the Board of Directors ("Special\nCommittee") of Corel Corporation ("Corel") has selected Genuity Capital\nMarkets to act as its financial advisor in connection with its review of the\nunsolicited proposal from an affiliate of Vector Capital ("Vector"), the\nholder of 69% of Corel's outstanding common shares, as announced on March 28,\n2008. The Special Committee which is now comprised solely of Ian Giffen has\nalso retained Bennett Jones LLP and Bingham McCutchen LLP as legal advisors.\n\n\nThe legal and financial advisors retained by the Special Committee will\nassist it in considering and responding to Vector's proposal. In addition, the\nSpecial Committee is commencing a process to evaluate strategic alternatives\nto maximize value for all shareholders. The Special Committee has been advised\nby Vector that it is interested in working towards completing the transaction\nit has proposed, but is committed to ensuring a full and fair strategic review\nprocess. There can be no assurance that any transaction with Vector or any\nother party will be consummated.\n\n\nForward-Looking Statements:\n\n\n---------------------------\n\n\nThis news release contains communications regarding the Special\nCommittee's intent to seek strategic alternatives, to conduct a process to\nmaximize shareholder value and to consider a proposal from Vector that\ncollectively constitute forward-looking statements within the meaning of\nSection 21E of the Securities Exchange Act of 1934 and forward-looking\ninformation within the meaning of Section 138.4(9) of the Ontario Securities\nAct. These forward-looking statements are based on certain assumptions and\nreflect our current expectations. Such forward-looking statements involve\nknown and unknown risks, uncertainties and other important factors that could\ncause the actual results, performance or achievements to differ materially\nfrom any future results, performance, or achievements discussed or implied by\nsuch forward-looking statements. Such risks include that there can be no\nassurance that any transaction with Vector or any other party will be\nconsummated, the distraction o...