And Then There Were None

 Gentia Software (GNTI) acquires ebi
Solutions

  
* 
Amount:         $3
million

  
* 
Terms:           
400,000 shares of GNTI

  
* 
Premium:        n/a

  
* 
Industry:        Performance
software

  
* 
Scorecard:      C+

BOSTON, April 26–Gentia Software (GNTI)
, a leading provider of intelligent analytical applications for
enterprise-wide deployment, announced that it has entered into a definitive
agreement to acquire ebi Solutions, a privately held provider of
eBusiness applications and services. As consideration for the acquisition
of ebi Solutions, Gentia has
agreed to issue 400,000 shares of its common stock to the owners of ebi
plus stock options to specified individuals who will also be employed by
Gentia.




 

 VA Linux (LNUX) adjusts acquisition terms with
Andover.Net (ANDN)

  
* 
Amount:    &n

bsp;    $300
million

  
* 
Terms:           
0.425 LNUX shares for each ANDN share

  
* 
Premium:        n/a

  
* 
Industry:       
Content/Community

  
* 
Scorecard:      n/a

SUNNYVALE, April 26–VA Linux Systems (LNUX)
and Andover.Net (ANDN)
said they have amended the terms of their agreement for VA Linux to
acquire Andover.Net, removing the cash
agreement portion of the deal, lessening the deal by $675 million.



Under the new terms, Andover.Net shareholders will receive 0.425 shares
which would have been reduced by an aggregate of $60 million through cash
payments. VA Linux Spokesman Patrick Fossenier said the deal is now worth
about $300 million. The companies said they modified the terms because of
tax concerns.



When the deal was first announced February 3, the transaction was about
$975 million. That was a heyday of the stock’s of companies involved in the
Linux, the operating system viewed as an alternative to Microsoft’s Window.
On that day Andover.Net closed at 45-1/8 and Va Linux closed at 128. Since
then, most technology stocks have taken a beating and on Wednesday Acton,
Mass.-based Andover closed at 13-5/8 and VA Linux closed at 42-1/2.




 

 YourBankOnline.com (YBOL) to acquire Applied
Logistical Technologies

  
* 
Amount:        
Undisclosed

  
* 
Terms:           
n/a

  
* 
Premium:        n/a

  
* 
Industry:        Financial
services

  
* 
Scorecard:      C

SEATTLE, April 26–YourBankOnline.com (OTCBB: YBOL)< /a> announces that it has signed a letter of intent to acquire Applied
Logistical Technologies, headquartered in Carlsbad, California. The
addition of Applied Logistical Technologies to YourBankOnline.com will provide an
expanded base of professionals to setup and install YBOL’s software
platform in banks worldwide as well as add to YBOL’s financial application
offerings.