Tuesday, June 28, 2005

Sun to Acquire SeeBeyond for $387 Million

"Announcing its second major acquisition in less than a month, computer maker Sun Microsystems Inc. said Tuesday it will buy business-integration software provider SeeBeyond Technology Corp. for $387 million in cash."

[AP]

About a 2.3x acquisition / LTM rev multiple and nearly 30% premium to yesterday's stock closing price.

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