Creative to purchase Aureal...
Posted on: 09/22/2000 03:10 PM

It appears to be official. The U.S. Bankruptcy Court for the Northern District of California entered the order approving the sale of substantially all the assets of Aureal to Creative Technology Ltd.
The sale will include settlement of all outstanding litigation claims between Aureal and Creative. Creative will pay US $28 million in cash, plus two new shares of Creative stock for every 100 outstanding shares of Aureal stock, or 208,079 shares of Creative stock. The Creative shares are valued at approximately US$ 4,357,174.19
So what is this going to mean for us, the end-users of Creative products? Talk to me people :-) Read the rest over at Firingsquad.




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