BriefsKana and Broadbase MergeREDWOOD CITY, Calif. & MENLO PARK, Calif.--(BUSINESS WIRE)--April 9, 2001--Kana Communications, Inc. (NASDAQ:KANA - news) the leading provider of enterprise relationship management (eRM) solutions and Broadbase Software, Inc., (NASDAQ:BBSW - news), the leading provider of Intelligent Customer Interaction(TM) solutions, today announced the signing of a definitive merger agreement. The agreement is subject to shareholder approval and is expected to close in the third quarter. The combined company will be called Kana Software, with Chuck Bay as President and CEO and Jay Wood as Chairman of the Board of Directors. Shareholders of Broadbase will receive 1.05 shares of Kana for each share of Broadbase exchanged Source: http://biz.yahoo.com/bw/010409/2017.html |
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