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"The SCO Group Inc. said Tuesday it will repurchase and retire all preferred stock held by BayStar Capital II LP, a company that has been critical of SCO in recent weeks.
SCO, which is involved in litigation with International Business Machines Inc. and other companies regarding its Unix computer operating system allegedly being placed illegally in the Linux operating system, said the repurchase involves 40,000 shares of Series A-1 Convertible Preferred Stock. The shares have a face value of $40 million but will be retired by SCO paying $13 million in cash and issuing more than 2.1 million shares of SCO common stock."
Story (Submitted by Anonymous Tue May 4, 2004 ) |
