Microsoft Announces Offer to Acquire Fast Search & Transfer.
PR Newswire Europe, January, 2008
REDMOND, Washington and OSLO, Norway, January 8 /PRNewswire/ --
- Companies' combined expertise, technology will help businesses capitalise on the power of enterprise search.
Microsoft Corp (Nasdaq: MSFT) today announced that it will make an offer to acquire Fast Search & Transfer ASA (OSE: "FAST"), a leading provider of enterprise search solutions, through a cash tender offer for 19.00 Norwegian kroner (NOK) per share. This offer represents a 42 per cent premium to the closing share price on 4 Jan 2008 (the last trading day prior to this announcement), and values the fully diluted equity of FAST at 6.6 billion NOK (or approximately $1.2 billion US). FAST's board of directors has unanimously recommended that its shareholders accept the offer. In...
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