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Article: Computer Associates Amends Share Repurchase Program; Repurchases 3.5 Million Shares In Privately Negotiated Transaction.
- Article from:
- Business Wire
- Article date:
- February 17, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ISLANDIA, N.Y.--(BUSINESS WIRE)--Feb. 17, 1999--Computer Associates International, Inc. (NYSE: CA) announced today that it has amended the terms of its Common Stock Repurchase Program to allow share repurchases in privately negotiated transactions in addition to repurchases in open market transactions.
In connection with this amendment, CA is pleased to announce that, after yesterday's close of trading on the NYSE, it reached a definitive agreement to repurchase 3.5 million shares of its Common Stock from Careal Holding AG, an affiliate of CA, at a price of $44.84 per share. The per share purchase price represents a discount to yesterday's NYSE closing price of ...
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