Dec. 29, 2005 / 1:42 PM

Progress offers $60 million for Neon

BEDFORD, Mass., Dec. 29 (UPI) -- Massachusetts software maker Progress Software Corp. is offering about $60 million for Neon Systems Inc., a mainframe integration firm.

The all-cash offer, which expires Jan. 27, was outlined in a previously disclosed definitive agreement, Progress said Thursday.

Progress makes business application software.

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Progress offers $60 million for Neon

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