8-KAcquisitions & DispositionsRegulation FDExhibits & Filings

Autodesk, Inc. 8-K Report, Acquisition Completed (Jun 26, 2008)

Filed June 26, 2008For Securities:ADSK

Summary

Autodesk, Inc. has officially completed its acquisition of Moldflow Corporation, a key player in the simulation software market for plastic injection molding. The acquisition, initially initiated through a tender offer by Autodesk's subsidiary, Switch Acquisition Corporation, saw over 95% of Moldflow's shares tendered and accepted. The merger was finalized on June 25, 2008, with Moldflow now operating as a wholly-owned subsidiary of Autodesk. This strategic move, valued at approximately $297 million (subject to adjustments for Moldflow's cash balance and option exercises), significantly expands Autodesk's product portfolio, particularly in the manufacturing and simulation software space. Investors should view this acquisition as a significant step towards strengthening Autodesk's position in providing comprehensive design and simulation solutions for product development.

Key Highlights

  • 1Autodesk has successfully completed the acquisition of Moldflow Corporation through a merger, following a tender offer.
  • 2The acquisition was consummated on June 25, 2008, with Moldflow becoming a wholly-owned subsidiary of Autodesk.
  • 3Approximately 95% of Moldflow's outstanding shares were tendered and accepted, indicating strong shareholder support for the deal.
  • 4The transaction value was approximately $297 million, adjusted for Moldflow's cash and option exercises.
  • 5This acquisition significantly enhances Autodesk's capabilities in manufacturing and simulation software, particularly in plastic injection molding.
  • 6The merger is expected to strengthen Autodesk's end-to-end product lifecycle management offerings for its customers.

Frequently Asked Questions

The main event reported is the completion of Autodesk's acquisition of Moldflow Corporation through a merger, which followed a successful tender offer.

Autodesk acquired approximately 95% of Moldflow's issued and outstanding shares through the tender offer and subsequent merger.

The acquisition was valued at approximately $297 million, adjusted for Moldflow's cash balance and proceeds from option exercises. This strategic move is expected to enhance Autodesk's market position and product offerings in the manufacturing and simulation software sector.

Acquiring Moldflow is strategically important for Autodesk as it strengthens their simulation capabilities, particularly in plastic injection molding. This allows Autodesk to offer more comprehensive design and manufacturing solutions to its customers.