NEW YORK, June 15 /PRNewswire/ -- The General Electric Company, p.l.c.
announced today that its wholly owned subsidiary, GEC Acquisition Corp., has
completed its tender offer to purchase all of the outstanding shares of common
stock of FORE Systems, Inc. (NASDAQ:FORE) at $35 per share. The tender offer
expired at 12:00 midnight, New York City time, on Monday, 14th June, 1999.
As of the expiration of the tender offer over 90% of the outstanding
shares of FORE's common stock had been tendered and accepted for payment. GEC
anticipates the prompt consummation of a merger of GEC Acquisition Corp. with
and into FORE whereby FORE will become a wholly owned subsidiary of GEC.
The General Electric Company, p.l.c. is not affiliated with the similarly
named company which is based in the United States. |
