EU Clears Sun Microsystems Acquisition

Vikingod · Aug 26, 2005, 04:36 PM

"The European Union on Friday cleared computer server maker Sun Microsystems Inc.'s $4.1 billion acquisition of Storage Technology Corp., known as StorageTek.

The EU head office's review of the deal showed the overlaps between the companies "are limited and that the combined entity would continue to face several strong competitors with significant market shares."

StorageTek is an information storage company based in Louisville, Colo.

Sun, based in Santa Clara, Calif., expects to complete the acquisition by late summer or early fall. StorageTek shareholders are scheduled to vote on the proposal at an Aug. 30 meeting."
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Source: Washington Post

Aug 26, 2005, 04:36 PM	#1
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	EU Clears Sun Microsystems Acquisition "The European Union on Friday cleared computer server maker Sun Microsystems Inc.'s $4.1 billion acquisition of Storage Technology Corp., known as StorageTek. The EU head office's review of the deal showed the overlaps between the companies "are limited and that the combined entity would continue to face several strong competitors with significant market shares." StorageTek is an information storage company based in Louisville, Colo. Sun, based in Santa Clara, Calif., expects to complete the acquisition by late summer or early fall. StorageTek shareholders are scheduled to vote on the proposal at an Aug. 30 meeting." __________ Source: Washington Post