"The all-stock deal calls for each share of Cobalt to be
exchanged for 0.5 shares of Sun stock. ... That's a decent premium
for Cobalt, which closed at 41.13 Monday. Based on Sun's Monday
closing price of 115.25, the deal gives investors a 40 percent
"After the merger, Cobalt, whose server appliances run
on Linux, will become the server appliance business unit of
Sun's Network Service Provider organization, reporting to
Executive Vice President John McFarlane."
"The acquisition will "establish [Sun] in the low-end server
appliances" market, CEO Ed Zander said in a press
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