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NETWORK SYSTEMS BEGINS CASH TENDER OFFER FOR BYTEX

 MINNEAPOLIS and WESTBOROUGH, Mass., Oct. 4 /PRNewswire/ -- Network Systems Corporation (NASDAQ-NMS: NSCO) and Bytex Corporation (NASDAQ-NMS: BYTX) today announced that Network Systems has commenced a cash tender offer to purchase all of Bytex's outstanding common stock at $6.80 per share. Unless extended, the offer is scheduled to expire at midnight, New York City time, on Nov. 2, 1993.
 As announced on Sept. 27, 1993, Network Systems and Bytex entered into a merger agreement, pursuant to which Network Systems is making the tender offer. The tender offer is conditioned, among other things, upon there being validly tendered and not withdrawn prior to the expiration of the tender offer, a number of shares that represent at least a majority of the total of all outstanding shares of Bytex's common stock on a fully diluted basis, including shares issuable under various stock plans. Shares not acquired in the tender offer will be, subject to the terms of the merger agreement, exchanged in a subsequent merger for the same cash price paid in the tender offer. Copies of the offer to purchase and other tender offer materials may be obtained from the information agent, MacKenzie Partners, Inc., at 800-322-2885.
 Bytex is a leading worldwide supplier of local and wide area networking products that maximize the availability and reliability of enterprise networks. Bytex applies its expertise in fault-tolerance, switching and state-of-the-art software design to produce industry- leading matrix switches and LAN switching hubs. Fortune 1000 companies and government agencies rely on Bytex to help build and take control of their dynamic enterprise internetworks. The company's stock is traded on the NASDAQ National Market System under the symbol "BYTX."
 Network Systems, founded in 1974 and based in Minneapolis, provides industry-leading networking solutions that integrate the host-based and LAN-based worlds of computing. Network Systems had annual revenues in 1992 of $219 million. The company, which has installed systems in more than 4,000 customer sites around the world, develops, manufactures, markets and supports bridge-routers, channel extenders, CPU networking devices, host-LAN interconnect controllers, network-attached storage and backup solutions, and high-speed switches. The company's stock is traded on the NASDAQ National Market System under the symbol "NSCO."
 -0- 10/4/93
 /CONTACT: Julia Samsal of Network Systems Corporation, 612-424-1649; Barbara Field of Bytex Corporation, 508-366-8000; or Jeanne Carr of MacKenzie Partners, Inc., 212-929-5916/
 (BYTX NSCO)


CO: Network Systems Corporation; Bytex Corporation ST: Minnesota, Massachusetts IN: CPR SU: TNM

GK-TW -- NY031 -- 8317 10/04/93 11:18 EDT
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Publication:PR Newswire
Date:Oct 4, 1993
Words:409
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