Ariba to acquire Freemarkets in $493 mln deal (ARBA) 2004/01/23 10:09:19
ARBA announces a definitive agreement to acquire FMKT. Under the terms of the agreement, stockholders of FMKT will receive 2.25 ARBA common shares and $2.00 in cash for each outstanding FMKT common share. Based on the closing price of ARBA common stock on Jan 22, the transaction is valued at approx $493 mln.
FMKT @ 10$