So eine "schöne" Nachricht und der Kurs hier zu Lande im Minus bei 46,5? (-7%)???
mfG: Speculator
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Deal finalized giving GM, Ford stakes in Commerce One-WSJ
NEW YORK, Dec 12 (Reuters) - Covisint, the Big Three auto makers' online-parts exchange, has finalized a deal that is expected to give General Motors Corp and Ford Motor Co a share of technology supplier Commerce One Inc . valued at $1.26 billion, the Wall Street Journal reported in its electronic edition Tuesday.
The agreement is to be announced Tuesday and makes Commerce One a key technology partner in the exchange, the paper said.
The deal leaves the two auto makers with a combined 14 percent share of Pleasanton, Calif.-based Commerce One, it said.
Under the terms of the deal, GM and Ford each are receiving 14.4 million Commerce One shares, valued about $630 million apiece based on Commerce One's closing price of $43-3/4 on the Nasdaq Monday, the paper said.
Half the shares for each company will be held in escrow until 2002, releasable to Ford and GM upon satisfaction of certain conditions, according to the report.
In addition, Commerce One will provide many of the technologies to run the Covisint exchange in return for undisclosed cash for consulting services and a share of the exchange's recurring revenue, the paper said.
On Monday, Covisint announced that it has become a legal entity. New York Newsroom (212) 859-1700
REUTERS
Rtr 04:41 12-12-00
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