Cobalt Soars on Sun Deal - TheStreet

Cobalt Soars on Sun Deal

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Cobalt Networks

(COBT)

jumped 36.1% in early

Nasdaq

trading after announcing it would be bought by

Sun Microsystems

(SUNW) - Get Report

for $2 billion in stock. Sun will exchange half a share for each share of Cobalt. Sun edged 0.3% lower.