IBM

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$9.50 - and just who was "Party B"?

Last night, as a holder of a few hundred shares in Sun Microsystems (JAVA is their stock symbol), I finally received voting instructions and an explanation of the proposed merger with Oracle. This is actually the second time I've had the opportunity to vote on a company's proposal to end itself through merger - the first was just last fall, when SpaceDev (SPDV stock symbol) was acquired by Sierra Nevada Corporation. In both cases it's been a somewhat mixed experience emotionally. The acquisition price has been a significant improvement on the recent market price for their shares (for Sun, the $9.50 price is significantly above the roughly $5 it was trading at a few months ago), so that's nice on the money side. On the other hand the reason I was holding the shares in the first place was because I believed the company had great potential for the future.

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