Computer Associates Commences Tender Offer for Platinum Technology International, Inc.ISLANDIA, N.Y.--(BUSINESS WIRE)--April 2, 1999--Computer Associates International, Inc. (NYSE NYSE See: New York Stock Exchange : CA) announced that HardMetal, Inc., a wholly-owned merger subsidiary of CA, commenced a tender offer today for all of the outstanding shares of Platinum technology Platinum Technology Inc. was founded by Andrew Filipowski in 1987 to market and support deployment of Database Management software products and the applications enabled by database management technology and render related services. International, 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 : PLAT) common stock (including the associated Rights) at a price of $29.25 per share, net to the seller in cash. The offer is being made pursuant to the Agreement and Plan of Merger dated as of March 29, 1999 among CA, HardMetal, Inc. and Platinum technology International, inc. ("Platinum"). It is conditioned, among other things, upon a number of shares being tendered and not withdrawn such that, upon consummation of the offer, CA and its affiliates will beneficially own in the aggregate not less than a majority of the shares on a fully diluted basis. The offer 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 Thursday, April 29, 1999, unless the offer is extended. The Board of Directors of Platinum technology International, inc. has unanimously approved the offer and the Merger Agreement and has unanimously recommended that stockholders of Platinum technology International, inc. accept the offer. The information agent for the offer is MacKenzie Partners, Inc., 156 Fifth Avenue, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , N.Y., 10010, telephone (212) 929-5500 or (800) 322-2885. PLATINUM provides software products and consulting services that help Global 10,000 companies manage and improve their IT infrastructures-including systems and database management, e-commerce, application infrastructure management, data warehousing See data warehouse. data warehousing - data warehouse , knowledge management, decision support, and Year 2000 reengineering. The 12-year-old company has more than 120 offices across six continents Six Continents is a large retail PLC in UK which split into Six Continents Retail known as Mitchells and Butlers plc. The hotels and soft drinks business of Six Continents PLC is now known as InterContinental Hotels Group PLC. . Computer Associates International, Inc. (NYSE: CA), the world leader in mission-critical business computing, provides software, support and integration services in more than 100 countries around the world. CA has more than 13,000 employees and had revenue of $5.1 billion in calendar year 1998. For more information about CA, please call 516-342-5224 or email info@cai.com. CA's World Wide Web address is www.cai.com. All referenced product names are trademarks of their respective companies. |
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