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SAP to Buy Business Objects

Stock quotes in this article: SAP , BOBJ  

The consolidation of the software sector continues.

German database firm SAP(SAP Quote) said Sunday it has agreed to buy French business intelligence software maker Business Objects(BOBJ Quote) for about $6.8 billion in cash.

Business Objects' board has approved the tender offer agreement and anticipates recommending the offer to its shareholders subject to fulfillment of certain regulatory requirements. ...

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