TeraData buys AsterData for 260+ million $

Balance sheet venetian method
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This just in! Big party in San Carlos this weekend.

Teradata is acquiring Aster Data‘s business, including its intellectual property and technology product line, through a merger transaction. Teradata plans to support Aster Data’s customers and integrate its employees immediately upon completion of the acquisition, which is expected to occur in the second quarter of 2011. Teradata acquired an 11 percent ownership interest in Aster Data in September 2010, and has agreed to pay an additional $263 million for the remaining ownership interest, net of debt and other expenses. In addition, through this acquisition, Teradata will obtain approximately $21 million of cash which Aster Data is expected to have on its balance sheet at closing.

http://www.asterdata.com/news/110303-Teradata-to-Acquire-Aster-Data.php

 

Author: Ajay Ohri

http://about.me/ajayohri

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