CKCM: Click Commerce, Inc. Message Board

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Technology Stocks : CKCM: Click Commerce, Inc.

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From: JakeStraw	9/5/2006 8:57:24 AM
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Illinois Tool to Buy Click Commerce biz.yahoo.com Tuesday September 5, 8:55 am ET Illinois Tool Works Offers to Buy Click Commerce for $292 Million GLENVIEW, Ill. (AP) -- Illinois Tool Works Inc., a maker of engineered parts for various industries, said Tuesday it has agreed to acquire Click Commerce Inc., a maker of supply chain management software, for a total of $292 million. Illinois Tool Works has offered to buy the outstanding shares of Click Commerce for $22.75 each, representing a 27 percent premium over Friday's closing price of $17.95 on the Nasdaq. Click Commerce makes software for demand chain management, real time RFID-enabled supply chain management and other functions. The company, based in Chicago, reported revenue of $74 million in the past 12 months. Under the agreement, Illinois Tool Works said it has 10 business days starting Sept. 5 to commence a tender offer for the shares. The offer will be open for at least 20 business days during the initial tender period. The boards of directors of both sides have approved the transaction, which is expected to close in this year's fourth quarter.

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