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Technology Stocks : Cybex(CBXC)and Apex (APEX)

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To: Daniel Shaffer who wrote ()3/8/2000 10:43:00 PM
From: irvm_2000  Read Replies (1) of 15
 
APEX looks like the winner in this one because Cybex is its
major competitor, with APEX having been hurt the most by the competition most recently.

In fact, when APEX stock tanked in late September, it was because of the loss of its Hewlett-Packard business to Cybex. The two companies have generally dominated somewhat different parts of the server switch market--APEX has been dominant with original equipment manufacturers and Cybex has dominated the aftermarket.

I couldn't quite figure why one of the press releases said that the deal values APEX stock at almost $49 based on yesterday's close. What's the math?
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