Microsoft Corp. today announced that it will make an offer to acquire Fast Search & Transfer ASA (OSE: “FAST”), a leading provider of enterprise search solutions, through a cash tender offer for 19.00 Norwegian kroner (NOK) per share. This offer represents a 42 percent premium to the closing share price on Jan. 4, 2008 (the last trading day prior to this announcement), and values the fully diluted equity of FAST at 6.6 billion NOK (or approximately $1.2 billion U.S.). FAST’s board of directors has unanimously recommended that its shareholders accept the offer.
Other Items
Here's a list of stories where we reported that FAST Search and Transfer was powering part or all of these services, many vertical search tools. This list is intended only to provide an idea of some of the companies Fast has or is working with. We have not verified each partner as current. Again, our point is to show where Fast is or has worked in the past and present. For example, FAST continues to power science search engine Scirus from Elsevier. We've bolded the items that have some direct relationship to the library and database biz.
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