BMC is expected to buy Boole & Babbage; $1 billion deal would bring together two makers of software

Article Abstract:

BMC Software today is expected to announce the acquisition of established vendor Boole & Babbage for almost $1 billion in stock, according to insiders familiar with the software companies. Terms of the all-stock deal call for Boole & Babbage to exchange one share for 0.675 of a BMC share. Houston-based BMC, whose software allows large companies to organize IBM computers and smaller computer networks, has $731 million in annual sales and around $10 billion in market capitalization. The independent company's per-share value closed at approximately $32.44 on Oct 30, 1998. Boole & Babbage creates software that lets various large companies organize computer networks. BMC anticipates to benefit from the deal by widening its product base and hopes to reverse recent analysts' concerns. The acquisition of Silicon Valley-based Boole & Babbage, which was founded in 1967, confirms analysts' projections of continued industry consolidation.

United States, Electronic computers, Electronic Computer Manufacturing, Asset sales & divestitures, Acquisitions & mergers, Computers & Auxiliary Equip, Facilities & equipment, Abstract, BMC Software Inc., BMCS, Boole & Babbage Inc., BOOL

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$1.78 billion Legent deal creates giant in software

Article Abstract:

Computer Associates International is planning to acquire competitor Legent Corp for $1.78 billion in what would be the biggest computer software business deal ever proposed. The deal would involve Computer Associates paying $47.95 per share in cash for Legent Corp and would combine the two largest independent mainframe software suppliers into a single company with $3 billion in revenues. Computer Associates wants to merge the companies in order to more aggressively attack the growing market for client server network software. The company is interested enough in the deal to propose paying 52% over the value of Legent's share price. Analysts on Wall Street apparently liked the idea of the deal and Computer Associates' stock price increased $5.875 to $71.50. Some analysts are concerned that the size of the acquisition will warrant an investigation from the U.S. Department of Justice antitrust division.

CA Inc., CA, Legent Corp., Company Acquisition Merger

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Softbank says it is branching into hardware; acquisition of Kingston is put at $1.5 billion

Article Abstract:

Softbank is acquiring Kingston Technology Corp, the world's leading manufacturer of PC memory boards, for $1.5 billion. Industry analysts are questioning the wisdom of Softbank's investment in an industry that is experiencing price declines. Many observers also question whether the memory business will fit with Softbank's other holdings, which include the 1995 acquisition of the Comdex trade show and the Ziff-Davis computer magazine business. Softbank has often expressed its goal of becoming the infrastructure for the computer industry, but has eschewed the actual development of software and hardware products. The acquisition will add at least $750 million to the company's $2.4 billion in debt and many analysts fear Softbank is overextending itself. Softbank reported $1.6 billion in sales last year and expects to benefit from the acquisition by sharing client lists between its various operations.

Computer storage devices, Add-On Memories, Softbank Corp., Memory boards/cards, Memory cards (Expansion boards), Kingston Technology Company Inc.

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