WR's Momentum Trades Message Board

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Strategies & Market Trends : WR's Momentum Trades

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To: cavan who wrote (10578)	11/13/2002 8:36:29 AM
From: Wayne Rumball	Read Replies (1) of 11130

Ridgeland, MS, NOV 13, 2002 (EventX/Knobias.com via COMTEX) -- InterTrust Technologies Corporation (NasdaqNM: ITRU) announced that it has executed a definitive merger agreement with Fidelio Acquisition Company, LLC, a company formed by Sony Corporation of America, Royal Philips Electronics, and certain other investors. Under the merger agreement, Fidelio will acquire InterTrust for approximately $453M cash on a fully diluted basis. Pursuant to the terms of the merger agreement, Fidelio Acquisition Company is required to commence a tender offer to purchase all outstanding shares of InterTrust common stock for $4.25 in cash by November 22.

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