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ECS ACQUISITION CORP. COMPLETES TENDER OFFER FOR DCA ACQUISITION

 NEW YORK, Nov. 9 /PRNewswire/ -- DCA Holdings, Inc. and its wholly-owned subsidiary, ECS Acquisition Corp., announced today the successful completion of their tender offer for all outstanding shares of the common stock of Digital Communications Associates, Inc. (NYSE: DCA) at $18.75 per share, net to the seller in cash, without interest. As previously announced, 9,879,348 shares had been validly tendered and not withdrawn (including 278,574 shares subject to guaranteed delivery procedures) as of midnight, November 8, 1993. All validly tendered shares (including shares subject to guaranteed delivery procedures) have been accepted for payment and purchased by ECS Acquisition by notice thereof to the Depositary. The offer, which was originally scheduled to expire at midnight on November 8, 1993, was extended to 12:00 noon on November 9, 1993.
 As a result Of these purchases, ECS Acquisition currently owns approximately 96 percent of the outstanding shares of Digital Communications Associates (including the shares subject to guaranteed delivery procedures) and, as previously announced in its offer, intends promptly to complete the acquisition through a merger of a subsidiary of DCA Holdings into Digital Communications Associates in which remaining shares (other than shares with respect to which dissenters, rights are properly exercised under the State of Georgia) will be converted into the right to receive $18.75 per share in cash, without interest.
 ECS Acquisition Corp. and DCA Holdings, Inc. were formed at the direction of Welsh, Carson, Anderson & Stowe and the Sprout Group to effect the acquisition.
 -0- 11/9/93
 /CONTACT: Dan Burch or Jeanne Carr of MacKenzie Partners, Inc., 212-929-5500 or 800-322-2885/
 (DCA)


CO: DCA Holdings, Inc.; ECS Acquisition Corp. ST: New York, Georgia IN: SU:

WB -- NY078 -- 2273 11/09/93 13:12 EST
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Publication:PR Newswire
Date:Nov 9, 1993
Words:289
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