ACCESS to acquire PalmSource
ACCESS Co., Ltd., a global provider of mobile content delivery and Internet access software, and PalmSource, Inc., provider of Palm OS, a leading operating system powering next generation phones and mobile devices, today announced they have signed a definitive agreement for ACCESS to acquire PalmSource in an all-cash transaction valued at USD $18.50 per share of PalmSource common stock , or approximately USD $324.3 million (approximately %35.9 billion). ACCESS’ USD $18.50 per share offer represents an 83% premium for PalmSource stockholders based on the market closing price of USD $10.09 on September 8, 2005.