Novell, Inc. (NASDAQ: NOVL), and SilverStream Software, Inc. (NASDAQ: SSSW) announced today that the German Federal Cartel Office has cleared Novell's acquisition of SilverStream. On June 28, 2002, Novell and SilverStream were notified by the Federal Trade Commission of the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. All necessary U.S. and foreign regulatory approvals relating to the offer have now been obtained.
As previously announced, Novell's tender offer to purchase all outstanding shares of SilverStream will expire at 9:00 a.m., New York City time, on Wednesday, July 17, 2002, unless the offer is further extended.
For additional information, please contact Innisfree M&A Incorporated, the Information Agent for the offer, at (877) 456-3427.
Novell, Inc. (Nasdaq: NOVL) delivers Software for the Open Enterprise™. With more than 50,000 customers in 43 countries, Novell helps customers manage, simplify, secure and integrate their technology environments by leveraging best-of-breed, open standards-based software. With over 20 years of experience, more than 5,000 employees, 5,000 partners and support centers around the world, Novell helps customers gain control over their IT operating environment while reducing cost. More information about Novell can be found at http://www.novell.com.
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