FIX Key to Orc-Cameron Merger
FRONT PAGE: NEWS ANALYSIS
LONDON—Orc Software and OMX are set to embrace the FIX protocol if a merger between Orc and Cameron Systems of Australia is approved by shareholders on Jan. 26, officials tell DWT.
Late last month, Orc signed a deal with Cameron, valued at $32 million, that will be financed via $11 million in cash and $10 million in Orc shares. Another $11 million in cash will be paid depending upon Cameron's financial performance for the fiscal year, ending June 30, 2006. Orc's shareholders are expected to
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