CDSI Acquisition Commences $20.25 Per Share Tender Offer for Control Data Systems.NEW YORK--(BUSINESS WIRE)--July 15, 1997--CDSI Holding Corp., a corporation formed at the direction of Welsh, Carson, Anderson & Stowe, announced today that its wholly-owned subsidiary, CDSI CDSI Comisión de Estudio para el Desarrollo de la Sociedad de la Información CDSI Cross Domain Semantic Integration CDSI Credit Default Swap Index Acquisition Corp., has commenced its previously announced cash tender offer at $20.25 per share, net to seller without interest, for all outstanding shares of common stock of Control Data Systems Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NMS See NetWare Management System. :CDAT CDAT Community Drug Action Team CDAT Climate Data Analysis Tool CDAT Character Data CDAT CoastWatch Data Analysis Tool CDAT Child Disability Assessment Tool CDAT Computerized Dumb-Ass Tanker CDAT Canadian Dental Aptitude Test ). The offer is being made by the offer to purchase and related letter of transmittal Letter of Transmittal A document used by security holder to accompany certificates surrendered in an exchange or other corporate action. which are being mailed to holders of the common stock. The offer is subject to, among other conditions, there being validly tendered and not withdrawn at least 51% of the fully diluted common stock of Control Data Systems pursuant to the offer. Two investment funds affiliated with WCAS have committed to provide or cause to be provided up to $300 million of financing in connection with the offer and the merger. Following a successful consummation of the offer, CDSI Acquisition will be merged into Control Data Systems and stockholders will receive $20.25 in cash for each share of Control Data Systems common stock in the Merger. The offer and withdrawal rights will expire at 12:00 midnight, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on Monday, Aug. 11, 1997, subject to extension. J.P. Morgan & Co. is acting as dealer manager in connection with the offer and Georgeson & Co. Inc. is acting as information agent. CONTACT: Georgeson & Co. Inc., New York Charles Garske, 212/440-9800 |
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