Onyx Software offers to buy Pivotal

Onyx Software offers to buy Pivotal: "Onyx Software Corp. made an unsolicited bid yesterday to buy rival Pivotal Corp. for $59 million in stock, a move that could eclipse a cash offer presented last month by venture capital firm Oak Investment Partners and Kirkland software company Talisma.
Bellevue-based Onyx, whose customer-relationship management software is used by Microsoft Corp., Suncorp and the Seattle Seahawks, is trying to buy Vancouver, B.C.-based Pivotal for $2.25 per share. That compares with a $1.78 cash offer -- or $44 million bid -- made by Oak and Talisma on Oct. 8."

Merger-mania continues...