FRAMINGHAM (03/24/2000) - Computer Associates International Inc. last week said it was extending by one week - until today - its offer to buy Dallas-based Sterling Software Inc. for $4 billion. The delay was made to give the U.S.
Department of Justice time to complete its regulatory review. Islandia, New York-based CA said the merger would create the largest supplier of storage and network management technology and products from distributed systems to desktops to laptops.
Internet service provider PSINet Inc. in Herndon, Virginia, last week said it signed a definitive agreement to acquire information technology services provider Metamor Worldwide Inc. in an all-stock transaction valued at approximately $1.9 billion. Houston-based Metamor has 4,500 employees in 70 offices in the U.S., Europe, Asia and Australia. Last year, Metamor had revenue of $577 million, officials said.
Continuing its buying spree, Nortel Networks Corp. has agreed to acquire Wilmington, Massachusetts-based optical component manufacturer CoreTek Inc. for $1.43 billion in shares of common stock. This marks Brampton, Ontario-based Nortel's third large purchase in the field of optical networking recently. Two weeks ago, Nortel bought Sunnyvale, California-based optical switch maker Xros Inc. in a stock deal worth $3.25 billion. And last year, it acquired Boca Raton, Florida-based Qtera Corp., also for $3.25 billion in Nortel stock.
Intel Corp. announced last week that it has agreed to acquire network processor provider Basis Communications Corp. in a deal valued at $450 million. Fremont, California-based Basis provides a line of technology called Service-Specific Network Processors to companies developing next-generation telecommunications access equipment.