Takeover approved

Shareholders of remote management and IT infrastructure protection solutions provider NUVO.jpgNUVO Network Management Inc. vote overwhelmingly in favour of the $17.65-million buyout offer by Austin, Tex.-based Versata Enterprises Inc. The deal will earn them $.57 per common share. Privately held Versata says it intends to leave the Ottawa-based company to continue operating independently within its family of enterprise software and services businesses spread among 45 countries. The deal is expected to close at the end of February, pending court approval.

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