Ariba Technologies (Nasdaq-ARBA) Message Board

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Technology Stocks : Ariba Technologies (Nasdaq-ARBA)

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To: bob zagorin who wrote (1696)	1/29/2001 8:24:09 AM
From: ColtonGang	Read Replies (1) of 2110

Building on its success in helping customers move commerce online, Ariba's acquisition of Agile is a decisive move in a broader strategy to extend Ariba's leadership position into the collaborative commerce market. The Agile acquisition provides a strategic extension to the Ariba B2B Commerce Platform (trademark symbol), and provides several essential assets for deploying a new class of inter-enterprise solutions. Under the terms of the agreement, each share of Agile common stock will be converted into 1.35 shares of Ariba, resulting in a net aggregate purchase price of approximately $2.55 billion based on the closing price of Ariba common stock of $40 dollars on January 26, 2001. The acquisition will be accounted for as a purchase and is expected to be completed in the third quarter of Ariba's fiscal year 2001. The company believes that the transaction will be accretive to earnings in fiscal year 2002. The acquisition has been approved by the boards of directors of each company and is subject to governmental approvals, Ariba and Agile stockholder approvals and customary closing conditions.

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