Software Sector ETF (XSW) Sees Action on Ariba (ARBA) Buy-out
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SPDR S&P Software & Services ETF (NYSE: XSW) edged up today after SAP AG (NYSE: SAP) announced a buyout of Ariba, Inc. (Nasdaq: ARBA), a leading cloud-based business commerce network.
Shares of Ariba spiked on the news, and are trading up 20 percent late on Tuesday. Ariba has a 0.86 weighting in XSW.
Shares of Ariba spiked on the news, and are trading up 20 percent late on Tuesday. Ariba has a 0.86 weighting in XSW.
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