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Technology Stocks : CAMZ - Caminus Corp.

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To: Dale Baker who wrote (6)	1/21/2003 9:53:33 AM
From: Glenn Petersen	Read Replies (1) of 13

SunGard to acquire Caminus for $159 million NEW YORK, Jan 21 (Reuters) - SunGard Data Systems Inc. <SDS.N>, a provider of financial services, on Tuesday said it will acquire all the shares of energy-trading software company Caminus Corp. <CAMZ.O> for about $159 million in cash. SunGard said it would pay $9 per share of Caminus, nearly 4 times the software company's closing price of $2.50 on the Nasdaq Friday. It said the deal would help it expand its presence in energy-trading markets. Wayne, Pennsylvania-based SunGard said stockholders holding 26 percent of Caminus' outstanding shares have agreed to tender the shares, and it expects the deal to close during the first quarter of 2003. 01/21/03 07:45 ET Copyright 2003 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.

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