Entrust Technologies Inc (ENTU) Message Board

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Technology Stocks : Entrust Technologies Inc (ENTU)

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To: Happy Harry who wrote (628)	4/19/2000 12:01:00 PM
From: Happy Harry	Read Replies (1) of 1205

ENTRUST TECHNOLOGIES INC (47-13/16, down 9-5/16 @ 10:10 am ET)signed a $585.5 million dollar stock deal to buy closely-held enCommerce Inc., which develops electronic business software. Under the terms of the deal released on Tuesday, Entrust will trade 10.25 million of its shares for all outstanding stock, options and warrants of California-based enCommerce. The value of the deal jumped to $585.5 million from $470 million on Tuesday as Entrust's stock rose 11-1/16 to close at 57-1/8 on the Nasdaq stock market. The acquisition, which is expected to close by the third quarter, will be accounted for as a purchase, Entrust said in a statement.

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