Shareholders vote today on MSC/Symphony deal

MSC.Software Corporation holds a meeting today at 9AM Pacific at which shareholders will have their say on the deal reached last month with Symphony Technology Group to buy the company for $8.40 per share in cash. The share closed yesterday at $8.41, so someone still believes a higher offer is possible.

Update: Surprising no one (except the speculator who bought shares yesterday for $8.41), a majority of MSC shareholders voted to accept Symphony’s offer of $8.40/share. The transaction is expected to be completed on Tuesday, October 13, 2009, subject closing conditions laid out in the agreement. Now comes the hard part: Symphony will take ownership and make determinations on restructuring the company, its staff and products.