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Legal: BayStar and SCO Make Peace Again
Posted Aug 26, 2004 - 05:57 AM
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The show must go on: "The SCO Group, Inc. confirmed again today that the repurchase transaction between SCO and BayStar Capital closed on July 21, 2004 as previously announced on July 23, 2004. BayStar requested and has now received its stock certificate for 2,105,263 shares of SCO common stock and $13 million in cash in accordance with the terms of the Stock Repurchase Agreement between SCO and BayStar dated May 31, 2004. Effective as of the closing, all of BayStar's 40,000 shares of Series A-1 Convertible Preferred Stock were cancelled and are no longer issued and outstanding."

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