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Technology Stocks : Comverse Technology

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To: NotNeiderhoffer who wrote (740)6/15/1999 9:20:00 AM
From: Beltropolis Boy  Read Replies (2) of 1331
 
fwiw ...

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Unisys to buy PulsePoint in $100 mln deal

June 15, 1999 07:32 AM

NEW YORK, June 15 (Reuters) - Business computer company Unisys Corp. (UIS) on Tuesday said it would buy telecom software firm PulsePoint Communications Inc. (PLPT) in a $100 million stock swap that bolsters its range of products to access voice, FAX and e-mail messages via multiple devices.

Under the deal, PulsePoint shareholders will get 0.176 shares, or $6.60 of Unisys stock for each of their shares. The value of the deal is based on Unisys' June 14 closing price of $37.44.

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for the full release:
investor.msn.com
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