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Technology Stocks : FORE Inc.

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To: J. Plesha who wrote (12469)5/27/1999 1:02:00 PM
From: Morris Catt  Read Replies (2) of 12559
 
Here's part of press release:

Thursday May 27, 01:31 PM Eastern time
Company Press Release

SOURCE:General Electric Company, p.l.c.

GEC Extends Closing Date for FORE Systems Tender Offer to 14 June

NEW YORK, May 27 /PRNewswire/ -- The General Electric Company, p.l.c., today announced the extension of the tender offer commenced on 30 April, 1999, by its wholly owned subsidiary GEC Acquisition Corp., to purchase all of the outstanding shares of common stock of FORE Systems, Inc. (Nasdaq: FORE) at 35 per share. The offer and withdrawal rights will expire at 12:00 midnight, New York City time, on Monday 14 June, 1999, unless the tender offer is further extended. Approximately 33,468,199 FORE Systems shares have been tendered and not withdrawn as of 5:00 p.m., New York City time, on 26 May, 1999, in response to the tender offer.


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MAC
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