Will Solomon Finally Satisfy Great Plains’ Insatiable Appetite?
P.J. Jakovljevic - May 26, 2000

Event Summary

On May 1, Great Plains announced it intends to significantly expand its mid market e-business community through the acquisition of Solomon Software, its direct competitor. The combined company, Great Plains, will have more than 130,000 customers, 2,200 team members and a worldwide network of 2,000 channel partners. Great Plains intends to acquire Solomon Software by the issuance of approximately 2,600,000 shares of Great Plains common stock and $35 million in cash. The parties have entered into a definitive merger agreement. The transaction is expected to close in June, the first month of Great Plains' fiscal year, and would be accounted for as a purchase accounting transaction...