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Non-Tech : Rock Financial (RCCK) -- Ignore unavailable to you. Want to Upgrade?


To: Stephen Yarger who wrote (23)10/7/1999 8:55:00 AM
From: Glenn Petersen  Respond to of 24
 
Bingo. Intuit to acquire RCCK:

biz.yahoo.com

Terms per the press release:

Under the terms of the agreement, Intuit will acquire all of the outstanding shares and options of Rock in a transaction valued at approximately $370 million. The actual number of Intuit common stock to be exchanged for each Rock share will be determined by dividing $23 by Intuit's 20-trading-day average price prior to the Rock stockholders meeting that will be called to approve the transaction, but will not be less than .579783 shares (if Intuit's average stock price exceeds $39.67) or more than .841566 shares (if Intuit's average price is less than $27.33).