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INTU: Signs Definitive Agreement to Purchase Homestead Technologies for $170M

Mon. November 26, 2007; Posted: 04:50 PM
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Ridgeland, MS, NOV 26, 2007 (EventX/Knobias.com via COMTEX) -- INTU | charts | news | PowerRating -- By David Bridges, dbridges@knobias.com

Intuit Inc. (INTU) announced it has signed a definitive agreement to purchase Homestead Technologies Inc. The cash transaction is valued at approximately $170 million, including the assumption of Homestead's outstanding options and restricted stock units. This transaction will enable Intuit to offer Web site creation and e-commerce.

KNOBIAS DISCLAIMER: All statements made in this article were made by the Company and do not in any way reflect the opinions of Knobias. Knobias is not a registered broker-dealer, nor investment advisor, and does not endorse or recommend any securities mentioned. This story is provided for informational purposes only and is not intended for trading purposes. Knobias shall not be liable for any actions taken in reliance of any information provided herein. Republication or redistribution of Knobias content is expressly prohibited without prior written consent of Knobias.com, LLC.

ABOUT KNOBIAS: Knobias is a premier financial information provider of trading and investing data covering all U.S. equities for investors and security professionals. Knobias is best described by its three major components: Real-time desktop applications providing quotes, charts, level 2, analysis etc.; Knobias RAiDAR providing thousands of real-time news stories, alerts and documents daily; Knobias fundamentals providing a comprehensive database of fundamental research information.

If your company wishes to participate in the EventX newswire, please contact Knobias: http://www.knobias.com

Knobias.com, LLC 601-978-3399 601-978-3675 info@knobias.com www.knobias.com/cmtx

For full details on Intuit Inc (INTU) click here. Intuit Inc (INTU) has Short Term PowerRatings of 5. Details on Intuit Inc (INTU) Short Term PowerRatings is available at This Link.

    


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