WSJ.com - Borland Will Buy Segue Software As Part of Refocus: "Borland Software Corp. today announced a $100 million deal to buy Segue Software Inc. and a plan to divest Borland's well-known line of programming tools as part of a major restructuring.
The Cupertino, Calif., company intends to narrow its focus to high-end products that help companies plan and manage major software-development projects. That is a specialty of Segue, a Lexington, Mass., company that Borland has agreed to buy for $8.67 a share, a premium of nearly 25% to Segue's 4 p.m. price yesterday.
...
Selling the development tools, which include the well-known products Delphi and JBuilder, will create a more-focused independent business, Mr. Nielsen said. Borland doesn't have a buyer lined up, but has retained Bear Stearns Cos. to handle the sale process."
Pretty bold...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment