Daisy Systems Corp and Cadnetix Corp have now got it together, and jointly announced this week the principal terms and conditions of the agreement under which Daisy will acquire Cadnetix for $6.50 cash and $3 principle of convertible debetures for each Cadnetix share out: definitive agreement is expected shortly, and Daisy now says the deal will go through as long as it receives acceptances with respect to 50.1% of the shares of Cadnetix by December 13 – if more shares are tendered, they will only be accepted pro rata; those who don’t tender will have to settle for more paper, with the cash element scaled down to $3.78, with $5.72 in convertibles – and the same formula will apply to excess shares if more than 50.1% are tendered; and to ensure that the deal is wrapped up this time, Cadnetix has granted Daisy an option to buy an additional 5m shares at $9.50; of the cash element, $68m will come from Daisy’s working capital, the $27m balance being put up by Cadnetix itself in the form of a loan.