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Article: Tarantella Buys New Moon.
- Article from:
- Client Server News
- Article date:
- June 2, 2003
CopyrightCOPYRIGHT 2003 G2 Computer Intelligence. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Tarantella, nee the Santa Cruz Operation and now a Citrix wannabe, is acquiring privately held New Moon Systems in a bid to expand its product line and market reach.
The courtship has been going on for about six months.
Tarantella is picking up all of New Moon's stock in exchange for 7.96 million newly issued shares of Tarantella common, worth a piddling 47 cents a share when the market closed Thursday.
Under the agreement, New Moon shareholders are also supposed to get a minimum of $2 million in royalties on the products Tarantella is acquiring over the next three years.
The whole deal should be worth around $5.74 million when it ...