InsideTrack: SGI notifying customers that the Rackable acquisition has been confirmed

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SGI has begun notifying customers that the judge in its bankruptcy case approved the sale of SGI to Rackable during the hearing today in district court. The deal and the remaining paperwork are set to complete on May 11.

Some terms have been disclosed in an affidavit provided to employees earlier today, which I excerpt here. Neither company has issued a release. Update: 05012009 The official releases are linked here.