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Sybase to gobble up Powersoft: what's behind the billion-dollar deal? (Sybase Inc.; Powersoft Corp.)
November 18, 1994... In a surprise announcement officially released at 7:30 a.m., EST, on November 14, 1994, Sybase revealed its plans to acquire Powersoft in an exchange-of-stock deal. With a cash equivalent valuation of approximately $945 million (call it $1...