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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Mike Buckley who wrote (31441)9/11/2000 5:41:49 PM
From: Ruffian  Read Replies (1) of 54805
 
Siebel Systems to acquire Janna in stock swap

SAN MATEO, Calif., Sept 11 (Reuters) - Siebel Systems Inc. (NasdaqNM:SEBL - news) on
Monday said it has agreed to acquire Canada's Janna Systems Inc. (Toronto:JAN.TO - news)
in a stock swap valued at about $975 million, boosting Siebel's software products for
investment firms, retail banking and other financial firms.

Under the deal, each outstanding Janna share would be exchanged for 0.497 shares of Siebel,
or the equivalent shares in a Canadian subsidiary formed for the company's acquisition. The
deal would result in Siebel issuing up to about 11 million additional shares, Siebel said in a
statement.
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