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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Uncle Frank who wrote (19988)3/13/2000 7:38:00 AM
From: Teflon  Read Replies (3) of 54805
 
ITWO to buy out Aspect Development:

I2 to buy Aspect Development in $9.3 billion deal

NEW YORK, March 13 (Reuters) - Software maker i2 Technologies Inc. (NasdaqNM:ITWO - news) plans to buy Aspect Development Inc. (NasdaqNM:ASDV - news), a competing maker of so-called business-to-business software, for $9.3 billion in the largest merger ever in the software industry, the companies said on Monday.

I2 will exchange 0.55 share for each Aspect share after Aspect's two-for-one stock split, representing a 35 percent premium to Aspect's closing stock price on Friday, they said. Aspect shares were expected to start trading on a post-split basis today.


Teflon
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