CNNfn: Sun to buy Cobalt for $2B

[ Thanks to Henry
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


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