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Article: New York's Computer Associates Proposes Merger with Computer Sciences.

Article from:
Knight Ridder/Tribune Business News
Article date:
February 12, 1998
Copyright

By Kenneth Li, Daily News, New York Knight Ridder/Tribune Business News

Feb. 12--Long Island-based software giant Computer Associates yesterday proposed a $9 billion merger with a California company that would create a behemoth powerful enough to take on IBM.

The company's offer to buy El Segundo-based Computer Sciences would be the second-largest computer merger in history after Compaq' landmark acquisition deal with Digital Equipment last month for $9.6 billion.

Combined, the new company would employ 50,000 people and boast sales exceeding $11 billion.

Computer Associates also pledged that no lay-offs would result from ...

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