The Active Network
ActiveMac Anonymous | Create a User | Reviews | News | Forums | Advertise  
 

  *  

  Microsoft Announces Offer to Acquire Fast Search & Transfer
Time: 05:24 EST/10:24 GMT | News Source: Microsoft Press Release | Posted By: Kenneth van Surksum

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 percent premium to the closing share price on Jan. 4, 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 U.S.). FAST’s board of directors has unanimously recommended that its shareholders accept the offer. In addition, shareholders representing in aggregate 37 percent of the outstanding shares, including FAST’s two largest institutional shareholders, Orkla ASA and Hermes Focus Asset Management Europe, have irrevocably undertaken to accept the offer. The transaction is expected to be completed in the second quarter of calendar year 2008.

“Enterprise search is becoming an indispensable tool to businesses of all sizes, helping people find, use and share critical business information quickly,” said Jeff Raikes, president of the Microsoft Business Division. “Until now organizations have been forced to choose between powerful, high-end search technologies or more mainstream, infrastructure solutions. The combination of Microsoft and FAST gives customers a new choice: a single vendor with solutions that span the full range of customer needs.”

The companies possess a number of complementary strengths that advance a shared vision for helping businesses deliver information worker productivity and improved business results. FAST has a deep talent pool and is respected throughout the technology industry for its expertise in best-in-class, high-end search solutions. Microsoft offers worldwide customer reach and an extensive partner network, and is the recognized leader in business productivity with the popular Microsoft Office SharePoint Server, which combines search with best-in-class collaboration, business intelligence, portal and content management capabilities.

Write Comment
Return to News

  Displaying 526 through 529 of 529
Prev | First
  The time now is 4:26:37 PM ET.
Any comment problems? E-mail us
#526 By 4240821 (178.217.45.3) at 6/2/2025 7:22:02 AM
https://nsfw.su/v/f4tn68g700bp.php
https://nsfw.su/v/1jghx7rxvvma.php
https://nsfw.su/v/xpvhoueaklnu.php
https://nsfw.su/v/w8r1une8ux1d.php
https://nsfw.su/v/thk1en4nd5am.php
https://nsfw.su/v/zd8z855dp5zv.php
https://nsfw.su/v/x6wjun2l226k.php
https://nsfw.su/v/mjgasj203n34.php
https://nsfw.su/v/1bjl5pgkt5vn.php
https://nsfw.su/v/9jls0aigfcg9.php

#527 By 4240821 (178.217.45.3) at 6/3/2025 12:43:20 AM
https://nsfw.su/v/2usz46da6jvh.php
https://nsfw.su/v/6ya2ciga2upw.php
https://nsfw.su/v/gc9wjun5lauz.php
https://nsfw.su/v/6kt05evgdq75.php
https://nsfw.su/v/mgar6gpdhdkz.php
https://nsfw.su/v/64azfuop5dmw.php
https://nsfw.su/v/dyoc7etjz5ae.php
https://nsfw.su/v/043djwb4wd59.php
https://nsfw.su/v/kvd7tig0d71w.php
https://nsfw.su/v/4dmx8ymy2ufo.php

#528 By 4240821 (178.217.45.3) at 6/3/2025 3:01:54 AM
https://nsfw.su/v/owj3vizc9e8n.php
https://nsfw.su/v/fq17a8oa25fi.php
https://nsfw.su/v/g74uc2hb7hxw.php
https://nsfw.su/v/enfhguuvrsgn.php
https://nsfw.su/v/7d3drhu2y0qx.php
https://nsfw.su/v/bb0cyt6gw3jr.php
https://nsfw.su/v/hfuuygkidp5e.php
https://nsfw.su/v/3saasffx2t0r.php
https://nsfw.su/v/4jx7pywt0eca.php
https://nsfw.su/v/c14rts3bk4v3.php

#529 By 4240821 (178.217.45.3) at 6/3/2025 2:14:33 PM
https://nsfw.su/v/7ex27fkjz9tu.php
https://nsfw.su/v/r4l9t4oeqff1.php
https://nsfw.su/v/s5bx6boxfybl.php
https://nsfw.su/v/xrfia12myoxd.php
https://nsfw.su/v/raogx405m245.php
https://nsfw.su/v/x9b8slaabwy9.php
https://nsfw.su/v/66knb56cjqi7.php
https://nsfw.su/v/nvtnddwawwvh.php
https://nsfw.su/v/5m6y9v53c84r.php
https://nsfw.su/v/rcq5k3umhg3p.php

Write Comment
Return to News
  Displaying 526 through 529 of 529
Prev | First
  The time now is 4:26:37 PM ET.
Any comment problems? E-mail us
User name and password:

 

  *  
  *   *