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NETWORK SYSTEMS CORPORATION COMPLETES TENDER OFFER FOR BYTEX CORPORATION

 MINNEAPOLIS and WESTBOROUGH, Mass., Nov. 3 /PRNewswire/ -- Network Systems Corporation (NASDAQ-NMS: NSCO) and Bytex Corporation (NASDAQ-NMS: BYTX) announced today that Network Systems has completed its offer to purchase the outstanding shares of common stock of Bytex for $6.80 per share in cash.
 In the offer, which expired at midnight New York City time, on Tuesday, Nov. 2, 1993, 6,325,605 shares of Bytex common stock were tendered (including shares subject to guarantees of delivery or receipt of additional documentation). All validly tendered shares have been accepted for payment and payment will begin promptly. The tendered shares constitute approximately 96 percent of the outstanding common stock of Bytex.
 As previously announced, any shares of Bytex common stock not tendered and purchased pursuant to the offer will be acquired in a subsequent merger transaction at the same $6.80 per share cash price. It is anticipated that the merger will be effected as promptly as possible.
 In connection with the successful completion of the tender offer, Network Systems representatives are to be elected to a majority of the positions on the Bytex board of directors.
 Network Systems, based in Minneapolis, makes high-performance data communications systems.
 Bytex, headquartered in Westborough, designs, manufactures, markets and supports fault tolerant and related data communications products which increase the availability of both wide and local area networks.
 -0- 11/3/93
 /CONTACT: Julia Samsal, 612-424-1649, or Michael Ashby, 612-424-1992, both of Network Systems Corporation; or Jeanne Carr of MacKenzie Partners, Inc., 212-929-5916/
 (NSCO BYTX)


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

SH-TW -- NY021 -- 0006 11/03/93 09:23 EST
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Publication:PR Newswire
Date:Nov 3, 1993
Words:271
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