Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (7740)	1/29/2001 5:22:04 PM
From: Jibacoa	of 13094

JIM: AGIL: Up today on the news from the deal with ARBA: Under terms of the deal, Ariba is swapping 1.35 shares for each Agile share. Based on Ariba's closing price of $40 on Friday, the deal was worth $2.55 billion and valued Agile at $54 per share, a 26 percent premium over its Friday closing price of $42.81. When the deal is completed in the third quarter, given shareholder approval, Ariba shareholders will own 80 percent of the combined company, with Agile shareholders owning the remaining 20 percent. After the deal was announced today, Ariba shares fell $2.44, or 6 percent, to $37.56. That knocked the merger's value down to $2.4 billion, and valued Agile at about $51 per share.

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