No. 1 Story
Construction needs cloud flexibility
Australia’s embattled construction sector could benefit from cloud based information systems that can be switched on and off in lockstep with individual projects – with the exception of those organisations based in remote areas like the Kimberleys.
read moreMore From
Federal Court green-lights CSC's iSOFT takeover
Stephen Withers
Monday, 18 July 2011 16:49
A former iSOFT executive tried to throw a spanner in the works with a New South Wales Supreme Court action over a shareholding, but his action was dismissed with costs by the court.
More recently, the European Union gave its blessing to the acquisition by CSC.
The latest development in the saga is today's Federal Court of Australia orders approving the the schemes of arrangement that would see CSC acquiring all of iSOFT's issued shares and the cancellation of all options issued by iSOFT. The order will become legally binding tomorrow, and then iSOFT shares will cease trading on the ASX at the end of the day.
Shareholders and optionholders will receive payment on July 29. Fully-paid shareholders will receive 17c per share, and regular optionholders 0.1c per share.
The value of options issued under the iSOFT employee incentive plan varies from 1c to 3.3c per option, depending on the tranche.
You think you have a disaster recovery plan?
Think again. Most businesses only have PART of a DR plan - and this spells business disaster in the event of an IT disaster.
Download The Seven Sins of Disaster Recovery White Paper now and find out how you can prevent this happening to you.
