Looks like this is pretty much a done deal!
The tender offer has been extended until midnight
Friday May 21.
Also we needed 70,867,138 shares for the conditional minimum
for the deal to go through, as of today
we exceeded 76 million!
We will get paid shortly!
DT
From Yahoo Finance:
SLANDIA, N.Y., May 19 /PRNewswire/ -- Computer Associates International, Inc. (NYSE: CA - news) and Platinum
technology International, inc. (Nasdaq: PLAT - news) announced today that HardMetal, Inc., a wholly-owned merger
subsidiary of CA, is extending its offer to purchase all outstanding shares of common stock of Platinum technology International,
inc. for $29.25 until 12:00 midnight, New York City time, on Friday, May 21, 1999. As a consequence of the extension of the
expiration date, holders of Platinum common stock may tender or withdraw shares until 12:00 midnight, New York City time,
on Friday, May 21, 1999, unless the offer is further extended. The offer was previously scheduled to expire on May 19, 1999.
As in the past, this extension is being made to obtain necessary regulatory approval of the ongoing tender offer.
Based on the latest count of tendered shares, approximately 76,262,081 shares of Platinum technology International, inc.
common stock have been validly tendered and not withdrawn pursuant to the tender offer.
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