BOSTON (03/20/2000) - Computer Associates International Inc. (CA) has extended its offer to acquire Sterling Software Inc. until midnight EST, Monday, March 27 because the antitrust division of the U.S. Department of Justice (DOJ) has requested additional information and documents as part of its regulatory review of the proposed deal.
Such DOJ reviews are standard during merger reviews. The merger offer was set to expire at midnight tonight. Thus far, about 31.58 million shares of Sterling stock have been tendered as part of the offer.
CA last month announced plans to acquire Dallas-based Sterling in an estimated US$4 billion stock swap. [See "CA to Acquire Sterling Software for US$4 Billion," Feb. 14.]CA, in Islandia, New York, can be reached at +1-516-342-5224 or http://www.ca.com/. Sterling, in Dallas, can be reached at +1-214-981-1000 or http://www.sterling.com/.