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Tradex payoff larger than expectedBy MICHAEL BRAGA © St. Petersburg Times, published September 11, 2000 If you thought Daniel Aegerter and his colleagues struck it rich back in December when they sold Tradex to California software manufacturer Ariba Inc. for $1.9-billion, check out the latest developments in their saga. The Swiss-born entrepreneur, his partners and investors, who moved their company from Tampa to Atlanta shortly before the sale, originally negotiated for 19-million shares of Ariba's stock at $61 a share. But Ariba offered a 2-for-1 stock split on March 2, six days before the Tradex acquisition closed. As a result, Tradex shareholders ultimately wound up with 34-million Ariba shares. Those shares closed Thursday at $161.56. Presuming they hung on to most of their shares, that means Tradex former owners are worth approximately $5.5-billion.
 © 2006 • All Rights Reserved • St. Petersburg Times
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From the Times Business report
From the AP
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