ILOG to hold shareholders meeting Dec. 19

By Lisa Kerner

Charlotte, N.C., Nov. 14 - ILOG SA will hold an ordinary shareholders meeting on Dec. 19 for the purpose of drafting several resolutions.

Among the items shareholders will be asked to approve are the French statutory accounts and consolidated accounts for the fiscal year ended June 30, a company news release said.

If a quorum is not met at the meeting, it will be convened with the same agenda on Dec. 29.

As previously reported, International Business Machines Corp. subsidiary Citloi SAS began concurrent cash tender offers in France and the United States for all outstanding shares, including shares represented by American Depositary Shares, and warrants of ILOG. Both offers are expected to close Nov. 17.

In July, IBM announced it would acquire ILOG, a Paris software company, for approximately €215 million, or about $340 million, on a fully diluted basis.

IBM, based in Armonk, N.Y., develops computer systems, software, storage systems and microelectronics.

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