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Technology Stocks : Internet Capital Group Inc. (ICGE) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (1429)	3/13/2000 8:46:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 4187

ICGEto Receive Approximately 1.45 Million Shares of Ariba Stock in Exchange for its Ownership Interest in Tradex WAYNE, Pa.--(BUSINESS WIRE)--March 13, 2000--Internet Capital Group (Nasdaq: ICGE - news), a leading business-to-business (B2B) e-commerce company, today announced that in connection with the closing of Ariba's acquisition of Tradex Technologies, Inc., which was announced by Ariba on March 10, 2000, it will receive approximately 1.45 million shares of Ariba, Inc. (NASDAQ: ARBA - news) in exchange for its ownership interest in Tradex. Based on Ariba's closing price of $320.88 on March 9, 2000, Internet Capital Group will record an after-tax gain related to this transaction of approximately $290 million during the quarter ending March 31, 2000. biz.yahoo.com