Microsoft targets Borland for takeover
C|Net | at | by Mike
Borland Software shares climbed Thursday as analysts considered whether the software company could be a Microsoft acquisition target. Shares closed up 74 cents, or 6.4 percent, to $12.31, on 1.8 million shares traded. A company representative when asked about the rumored takeover said Borland would not comment on market speculation.
In October, Borland spent $185 million to purchase TogetherSoft, a company which sells an application modeling tool that competes directly with Rational's products. The modeling tools complement Borland's traditional strength in programming languages and visual development tools, including Borland's Java-based JBuilder.