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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 19 4:00 PM EST

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To: Haim R. Branisteanu who wrote (74541)	4/9/2001 6:54:03 PM
From: puborectalis	Read Replies (1) of 99985

merger of lilliputians.........Kana Communications, Broadbase Software to Merge REDWOOD CITY, Calif. (Reuters) - E-business software maker Kana Communications Inc. (NasdaqNM:KANA - news) and Broadbase Software Inc. (NasdaqNM:BBSW - news) on Monday announced a definitive merger agreement valued at about $75.8 million in stock. Under the agreement, Kana will offer 1.05 shares of its stock for each Broadbase share. The deal is expected to close in the third quarter, subject to shareholder approval. Broadbase President and Chief Executive Chuck Bay will retain his titles at the merged company, called Kana Software. Kana Chairman and Chief Executive Jay Wood will be the chairman of the new company's board of directors. Kana, based in Redwood City, Calif., makes portal software that helps companies better communicate with their customers and partners via e-mail and other means. Broadbase, based in Menlo Park, Calif., makes customer interaction software.

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