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Technology Stocks : Cheyenne Software - Will it be bought by Computer Assoc.?
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To: jmk who wrote (72)4/19/1996 10:19:00 AM
From: Keith J. Marcinowski   of 130
 
Here is maybe a little more info. on the current situation between CYE
and McCaf. (This is taken from the IBD website ibd.ensemble.com

"NEW YORK (AP) - Cheyenne Software Inc. said yesterday it has filed a securities fraud suit against
McAfee Associates Inc. and its chairman, William R. Lawson, who was offering a $1 billion
takeover bid.

In a statement, Cheyenne chairman ReiJane Huai accused Larson of making false and misleading
statements about Cheyenne in order to promote McAfee's takeover bid and influence the trading of
Cheyenne stock.

The two software companies became embroiled in an unusual verbal battle Monday, when Cheyenne
publicly declared that it was not interested in McAfee's private offer of a $27.50 per share buyout.

It was an unusual start for what has apparently become a hostile takeover battle. Typically, an
acquirer announces a bid for the target, often saying private offers have been rejected.

McAfee said it would have no immediate comment on the suit, which was filed in federal court in
Delaware.

In late afternoon trading, McAfee's stock was down 3/4 to 53 3/4. Cheyenne's stock was down 7/8
cents to 22 1/8.

Santa Clara, Calif.-based McAfee makes anti-virus market and network management programs and
had sales of $90 million last year. Cheyenne, based in Roslyn Heights, N.Y., creates data storage
management software and had sales of $250 million.

Together, the companies would form the fifth-largest PC software company. "
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