January 8, 2008 - Microsoft Corp. announced that it will make an offer to acquire Fast Search & Transfer ASA (FAST), a provider of enterprise search solutions, through a cash tender offer for 19.00 Norwegian kroner per share.
FASTs board of directors has recommended that its shareholders accept the offer. Shareholders representing, in aggregate, 37 percent of the outstanding shares, including FASTs two largest institutional shareholders have currently accepted the offer.
In addition to bolstering Microsofts enterprise search efforts, this acquisition would increase Microsofts research and development presence in Europe.
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