ASK: "THE LAST DON" OF MOMENTUM TRADES Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Robert B. who wrote (10596)	3/29/1999 11:07:00 AM
From: 2MAR$	Read Replies (1) of 15987

>>>>>PLAT<<<<<< UNREAL!! Computer Associates to Buy Platinum Technology for $3.5 Bln Islandia, New York, March 29 (Bloomberg) -- Computer Associates International Inc., the No. 4 U.S. software maker, agreed to buy rival Platinum Technology International Inc. for about $3.5 billion in cash, to broaden its product line. Computer Associates said it would pay $29.25 in cash for each Platinum share. That is more than triple Friday's closing price of 9 7/8. Islandia, New York-based Computer Associates said it plans to link its products with Platinum Technology's consulting services, especially in Europe. Computer Associates also wants Platinum's software for managing data and technology. The acquisition of Oakbrook Terrace, Illinois-based Platinum is expected to add 25 cents a share to Computer Associates' earnings in the first 12 months, excluding charges. Computer Associates will fund the acquisition through a $4.5 billion credit line with Credit Suisse First Boston Group. Trading hasn't resumed in either company's shares after being halted for the dissemination of the news. 10:28:37 03/29/1999

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next