Access Agrees to Buy PalmSource

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Japanese software company Access Co., maker of the NetFront Internet browser for mobile devices, said Friday it has agreed to buy PalmSource Inc., maker of the Palm operating system for handheld computers and cell phones, for $324 million in cash.


Access is offering $18.50 for each share of PalmSource common stock, an 83 percent premium to the stock’s Thursday closing price of $10.09 on Nasdaq.


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