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Strategies & Market Trends : Trend Setters and Range Riders

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To: Susan G who wrote (2164)	1/30/2001 12:32:46 AM
From: 2MAR$	Read Replies (1) of 5732

Here's a recap of AGIL and ARBA.... AGIL: Up today on the news from the deal with ARBA: Under terms of the deal, Ariba is swapping 1.35 shares for each Agile share. Based on Ariba's closing price of $40 on Friday, the deal was worth $2.55 billion and valued Agile at $54 per share, a 26 percent premium over its Friday closing price of $42.81. When the deal is completed in the third quarter, given shareholder approval, Ariba shareholders will own 80 percent of the combined company, with Agile shareholders owning the remaining 20 percent. After the deal was announced today, Ariba shares fell $2.44, or 6 percent, to $35.56. in premarket trading That knocked the merger's value down to $2.3 billion, and valued Agile at about $50 per share. ITWO trading down & the BEAST ? hehe... " The acquisition makes Ariba's joint marketing deals with IBM (NYSE: IBM - news) and i2, a leader in supply-chain management, shaky at best. Dallas-based i2 can probably say hasta la vista to Ariba. " biz.yahoo.com regards *GMST been doing well since last week reports of AOL deal very much still in the works.

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