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July 11, 2008
LION Shareholders Approve Sale of Assets to OpenClose
LION, Inc. announced that its shareholders had approved the sale of substantially all of the assets of LION to Beanstalk Networks dba OpenClose(R) pursuant to an asset purchase agreement between Beanstalk Networks Acquisition LLC and LION dated as of May 12, 2008. As a result of this approval, LION expects that the sale will be consummated shortly in accordance with the terms of the agreement.
Posted by S. Germain at July 11, 2008 08:31 AM