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BW: VA Linux Systems and Andover.Net Amend the Terms of Acquisition Agreement

Apr 27, 2000, 00:40 (0 Talkback[s])

"Effective today, VA Linux and Andover.Net have amended the terms of the agreement by which VA Linux will acquire all of the outstanding shares of Andover.Net."

"Under the new terms, each share of Andover.Net Common Stock outstanding as of the closing of the transaction will be exchanged for 0.425 of a share of VA Linux Systems Common Stock. Based on tax concerns, the parties modified the previously announced agreement, in which each outstanding share of Andover.Net Common Stock would have received 0.425 shares of VA Linux Common Stock, reduced by a pro-rata portion of cash."

Press Release