Under the terms of the merger agreement, each share of
Cobalt (www.cobalt.com) common stock will
be converted into 0.5 Sun (www.sun.com), resulting
in an aggregate purchase price of approximately $2.0 billion. The acquisition
will be accounted for as a purchase, and is expected to be completed during Sun’s
second quarter of fiscal 2000, which ends December 31, 2000. – Isaac Slepner
About the Author
Scott Bekker is editor in chief of Redmond Channel Partner magazine.
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