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Strategies & Market Trends : Sharck Soup

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To: gladman who wrote (18838)	4/26/2001 4:35:13 PM
From: CAPTAIN MORGAN	of 37746

You can scratch CPQ off the list of suitors just bought PXCM for 5.75 a share, used to trade in the 60's. Compaq to pay $266 mln for Proxicom (CPQ, PXCM) By Lisa Sanders Houston-based Compaq said late Thursday that it would buy the e-business consulting firm Proxicom for $5.75 a share in cash, or $266 million, in a bid to strengthen the computer maker's global services unit. Compaq (CPQ) said it would commence a tender offer at once for all outstanding Proxicom (PXCM) shares, and that any shares not acquired by Compaq in the tender offer will be acquired in a second step merger. Shares of Proxicom closed up 43 cents, or 11 percent, to $4.33 ahead of the announcement. Compaq declined by 79 cents, or 4.4 percent, to close at $17.

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