Article: Computer Associates International Inc. to merge with UCCEL Corp.

NEW YORK, June 1 /PRNewswire/ -- Computer Associates International Inc. (NYSE: CA) and UCCEL Corporation (NYSE: UCE) today announced their signing of a definitive merger agreement under which CA will pay a total of approximately $800 million in stock for all outstanding UCCEL common shares.

The companies said that terms of the agreement, which remains subject to shareholder and regulatory approvals, call for UCCEL shareholders to receive approximately 1.69 shares of CA common stock for each of the approximately 17 million UCCEL shares outstanding. This amounts to approximately $47.50 per UCCEL share, based on Friday, May 29, New York Stock Exchange closing ...

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