Computer Associates in $3.91 billion deal; in industry's biggest pact, Sterling Software to add to mainframe business

Article Abstract:

Number three software vendor Islandia, NY-based Computer Associates International Inc. is purchasing Dallas, TX-based Sterling Software Inc. for $3.91 billion in stock. Both companies make computer-room software. Analysts believe the purchase price undervalues Sterling and will help Computer Associates pay-down debt it incurred in its 1999 purchase of Platinum Technology International Inc.

Company acquisition/merger, Sterling Software Inc., SSW

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SoftKey sweetens bid for Learning Co.; step could be fatal to Broderbund pact

Article Abstract:

SoftKey Internal Inc increased its hostile bid for rival Learning Co by announcing a straight cash for stock offer to acquire Learning Co, a move which should clinch the deal in favor of SoftKey. SoftKey has been involved in a contentious bidding war with rival Broderbund Software Inc over Learning Co. Learning Co is a successful children's educational software developer. The terms of the new offer stipulate that SoftKey would pay $559 million, or $65 per share for 8.6 million, or 92%, or Learning Co's stock. The remaining 700,000 shares are tied to management stock options, which would be exchanged for about 2.1667 share of SoftKey stock worth about $65. The entire package would total about $606 million. Learning Co officials conceded that the new bid would likely be the clincher unless Broderbund can increase its own all-stock offer.

Learning Company Inc., Broderbund Software Inc., BROD, Company Acquisition Merger, LRNG, SoftKey International Inc., SKEY

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Computer Associates agrees to acquire Computer Management for $435 million

Article Abstract:

Computer Associates Int'l, based in Islandia, NY, will acquire the Jacksonville, FL, computer consulting firm, Computer Management Sciences Inc. in a stock deal whereby both companies gain advantages. Computer Associates gains a significant number of billable consultants for its global expansion. The $435 million deal is the first of what is expected to be a series of small company acquisitions by Computer Associates.

Comment:

Company to acquire Computer Management Sciences Inc. for $435 million

Computer Services, Computer Systems Design and Related Services, Computer and Data Processing Services, Computer services industry, Information technology services industry, Information technology services, Abstract, Computer Management Sciences Inc., CMSX

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