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.

author: Bulkeley, William M.
Company acquisition/merger, Sterling Software Inc., SSW

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