Compucom, two others show interest in acquiring retailer Businessland Inc
Article Abstract:
CompuCom Systems Inc negotiates an acquisition deal with Businessland Inc, the computer retailer that may have to file for protection under federal bankruptcy laws if it is unable to reorganize or sell itself soon. CompuCom is rumored to lack the necessary funds to purchase Businessland; JWP Inc and a undisclosed company have also expressed interest in buying the company. Businessland's stock closed at $1 May 30, 1991, which is up 31.25 cents in New York Stock Exchange composite trading. The company has $1.35 billion in annual sales and is an attractive prospect to many companies in the computer industry seeking to consolidate. ComputerLand recently acquired Nynex Business centers, Inacomp Computer Centers is merging with Valcom Inc to form InaCom Corp, and Compucom bought Computer Factory Inc.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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Fujitsu bids for U.K. computer giant in effort to enter European market
Article Abstract:
STC PLC and Fujitsu Ltd are negotiating Fujitsu's acquisition of International Computers Ltd (ICL). The bid for 50 to 60 percent of the unit at a cost of approximately $1.08 billion is expected in Aug 1990. Analysts predict significant effects on the computer industry in the UK and Europe from the acquisition because ICL is the largest UK computer maker, with 20 percent of the market. Fujitsu's purchase would be the first majority ownership by a Japanese manufacturer of a European computer firm. It may affect the competitive balance through the combination of Fujitsu's technical expertise and ICL's knowledge of the regional market. There may be some political resistance to the acquisition because ICL is a major supplier to the UK defense ministry and other government agencies.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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Softsel to acquire Microamerica Inc. in share exchange
Article Abstract:
Microamerica Inc, a computer hardware/software distributor with an emphasis on hardware will be acquired by Softsel Computer Products Inc for about 14.3 million newly issued shares of Softsel stock. The transaction is valued at $93 million, the terms calling for each of the 13.5 million Microamerica shares to be exchanged for 1.059 shares of Softsel stock. With Softsel's focus on software, the complementary combination of the two companies will create a $1 billion distributor of microcomputer products. Softsel will add two members to its five board members, to be named by Microamerica.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1989
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