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Morgan Stanley provided the funding on behalf of ALG Limited
Partnership, an affiliate of Stavins & Axelrod Properties. "The acquisition of ALG Software demonstrates our commitment
to bringing a complete range of enterprise performance management
solutions to our customers," said John Schwarz, CEO of Business
Objects. The acquisition will be an all-cash transaction of approximately 30
million GBP (approximately $56 million USD at current exchange rates)
for all outstanding shares of ALG Software by Business Objects (U. |
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