Holy smoke! I just saw this in a press release about Allaire's earnings they
just announced today:
"Allaire to Merge with Macromedia
Allaire Corporation and Macromedia, Inc. (Nasdaq: MACR) today announced a
definitive merger agreement <see separate release>. The combined company
will
enable Web professionals to efficiently build the look of a Web site and the
application logic behind it creating the best possible user experience
across
multiple devices. The merger is valued at approximately $360 million on a
fully-diluted basis. In the merger, Macromedia will exchange 0.2 shares of
its
stock and $3 in cash for each Allaire share. The merger will be accounted
for as
a purchase combination and is expected to be accretive in Macromedia fiscal
year
2002. The transaction is subject to certain closing conditions, including
regulatory approvals and the approval of the Allaire shareholders, and is
expected to close by the second calendar quarter of 2001. In connection with
the
merger agreement, Allaire has granted Macromedia an option to acquire 19.9
percent of Allaire's stock, exercisable in certain circumstances."
Chris Montgomery [EMAIL PROTECTED]
Web Development & Consulting http://www.astutia.com
Allaire Consulting Partner
210-490-3249/888-745-7603 Fax 210-490-4692
AIM: "astutiaweb", ICQ: 7381282
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