Friday, September 9, 2005
PalmSource To Be Acquired By ACCESS
Posted by Ed Hansberry in "THE COMPETITION" @ 06:00 AM
http://www.access-us-inc.com/news_releases/20050908.html
"September 9, 2005 (Tokyo) & September 8, 2005 (Sunnyvale)— ACCESS Co., Ltd., a global provider of mobile content delivery and Internet access software, and PalmSource, Inc., provider of Palm OS®, a leading operating system powering next generation phones and mobile devices, today announced they have signed a definitive agreement for ACCESS to acquire PalmSource in an all-cash transaction valued at USD $18.50 per share of PalmSource common stock , or approximately USD $324.3 million (approximately ¥35.9 billion). ACCESS’ USD $18.50 per share offer represents an 83% premium for PalmSource stockholders based on the market closing price of USD $10.09 on September 8, 2005."
Well, if nothing else this will put those ridiculous rumors of Palm reacquiring PalmSource to bed. For those of you that own PalmSource stock, you'll have a nice surprise when you log in to your brokerage account. Stock closed just over $10 last night and is now around $18 in pre-market trading. Not a bad move in 12 hours. :wink:
"September 9, 2005 (Tokyo) & September 8, 2005 (Sunnyvale)— ACCESS Co., Ltd., a global provider of mobile content delivery and Internet access software, and PalmSource, Inc., provider of Palm OS®, a leading operating system powering next generation phones and mobile devices, today announced they have signed a definitive agreement for ACCESS to acquire PalmSource in an all-cash transaction valued at USD $18.50 per share of PalmSource common stock , or approximately USD $324.3 million (approximately ¥35.9 billion). ACCESS’ USD $18.50 per share offer represents an 83% premium for PalmSource stockholders based on the market closing price of USD $10.09 on September 8, 2005."
Well, if nothing else this will put those ridiculous rumors of Palm reacquiring PalmSource to bed. For those of you that own PalmSource stock, you'll have a nice surprise when you log in to your brokerage account. Stock closed just over $10 last night and is now around $18 in pre-market trading. Not a bad move in 12 hours. :wink:
