Borland Buys TogetherSoft

by Paul Harmon

At the end of October, Borland Software announced that it had agreed to buy TogetherSoft Corp. for $82.5 million in cash and a little over nine million shares of Borland common stock. The entire transaction is valued at $185 million, based on Borland's closing price per share of $11.34 on 29 October.

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Borland Buys TogetherSoft 13 November 2002