now that the mastering deal is consummated and a part of PLAT, maybe we can get on with an upward momentum. Perhaps the conversion put downward pressure on PLAT's share price at the end of the day.
R/
Tuesday April 21, 7:01 pm Eastern Time
Company Press Release
PLATINUM technology, inc. Completes Merger with Mastering, Inc.
OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--April 21, 1998--PLATINUM technology, inc. (NASDAQ:PLAT - news) announced that it has consummated its acquisition of Mastering, Inc. as of the close of business today, after a vote by Mastering stockholders in favor of the transaction.
Each share of Mastering Common Stock has been automatically converted into 0.467 of a share of PLATINUM Common Stock pursuant to the Merger Agreement, and Mastering, Inc. has become a wholly-owned subsidiary of PLATINUM. Mastering is now part of PLATINUM technology Solutions, PLATINUM's education and consulting division. |
