Business Services Industry
Commerce One Issues Statement of Clarification
Business Wire, June 19, 2000
Business Editors
PLEASANTON, Calif.--(BUSINESS WIRE)--June 19, 2000
This morning, a statement was released stating that Commerce One (Nasdaq:CMRC) and AppNet, Inc. (Nasdaq:APNT) had signed a definitive merger agreement.
Commerce One today confirmed that it is engaged in discussions and negotiations concerning a potential combination with AppNet, but that it has not entered into any agreements at this time. The company cautioned that significant issues remain unresolved, which would need to be resolved before any such combination could occur; accordingly, there can be no assurances that any such combination may occur. Commerce One does not expect to provide further updates regarding any such negotiations or discussions.
About Commerce One
Commerce One is the leader in global e-commerce solutions for business. Through its products, portals and services, Commerce One creates access to worldwide markets, allowing anyone to buy from anyone, any time, anywhere. The Commerce One Global Trading Web is the world's largest business-to-business trading community. Comprised of many open e-marketplaces, the Global Trading Web provides unprecedented economies of scale for buying organizations, suppliers and service providers worldwide. Commerce One is located in Pleasanton, and can be reached by phone at 800/308-3838 or 925/520-6000 or via the Internet at http://www.commerceone.com.
This press release may include "forward-looking statements" for purposes of the Securities Exchange Act of 1934. All statements herein, other than those of historical fact, including statements regarding business strategy and future contractual arrangements, or the performance or likelihood of reaching definitive agreement, are forward-looking. Actual results or events may differ materially from those projected in such forward-looking statements. Information regarding the factors that could cause such differences is contained in Commerce One's filings with the Securities and Exchange Commission.
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