Filed by Vignette Corporation
Pursuant to Rule 425 under the Securities Act of 1933
Subject Company: OnDisplay,Inc.
Commission File No.000-28455
ONDISPLAY STOCKHOLDERS TENDER 90% OF OUTSTANDING SHARES TO
VIGNETTE CORPORATION
VIGNETTE EXTENDS TENDER OFFER FOR ONDISPLAY FOR ONE DAY, TO JUNE 30, 2000,
AND EXPECTS TO CLOSE OFFER ON JULY 1, 2000
Austin, TX, June 30, 2000 -- Vignette Corporation (Nasdaq: VIGN) announced
today that, as of midnight on Thursday, June 29, 2000, stockholders of
OnDisplay (Nasdaq: ONDS) had tendered into the offer 20,463,113 shares of
OnDisplay common stock, which represents 90.1% of OnDisplay's outstanding
common stock. An additional 1,339,291 shares have been tendered through notices
of guaranteed delivery.
Vignette also announced that Vignette's wholly-owned subsidiary, Wheels
Acquisition Corp., is extending the offer to acquire all outstanding shares of
common stock of OnDisplay until 5:00 PM, New York City time, on Friday, June
30, 2000. The extension will allow for Vignette to obtain final listing
approval from Nasdaq of the Vignette shares to be issued in the transaction,
which approval is expected to be obtained today. Vignette expects to close the
offer and accept the tendered OnDisplay shares on July 1, 2000.
As a consequence of the extension of the expiration date, holders of OnDisplay
common stock may tender or withdraw shares until 5:00 PM, New York City time,
on Friday, June 30, 2000, unless the offer is further extended. The offer was
previously scheduled to expire at midnight on Thursday, June 29, 2000.
About Vignette Corporation
Vignette Corporation is the leading supplier of eBusiness applications.
Vignette's products enable businesses to create and extend relationships with
prospects and customers and ease high-volume transaction exchanges with
suppliers and partners, all of which enhances customer satisfaction. Vignette
powers more than 650 leading eBusinesses. Headquartered in Austin, Texas,
Vignette Corporation has offices located throughout Europe, Asia, and in
Australia and can be found on the Web at http://www.vignette.com.
OnDisplay stockholders are urged to read the prospectus and the solicitation /
recommendation statement relating to the offer. These documents contain
important information. OnDisplay stockholders can obtain these documents, as
well as the Vignette documents that are incorporated by reference in the
prospectus, for free at the Securities and Exchange Commission's web site at
http://www.sec.gov. These documents are also available from Vignette without
charge upon request to its information agent, MacKenzie Partners, Inc., 156
Fifth Avenue New York, NY 10010, (212) 929-5500 or call toll free (800)
322-2885.
