[ Thanks to Henry
Pierre for this link. ]
“Acquires server appliance provider in stock swap to gain
market share”
“Sun Microsystems Inc. said Tuesday it agreed to buy Cobalt
Networks, a maker of gear for Internet applications, for about $2
billion in stock.”
“Under the deal, each share of Cobalt (COBT: Research,
Estimates) common stock will be converted to 0.5 Sun shares, a
stock swap worth about $2 billion, the companies said in a
statement.”
Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.
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