Computer Associates made Concord Communications an offer it couldn’t refuse, announcing it would pay US$17 per share — a 71 percent premium — for the performance management software company. CA will lay out $330 million in cash and assume $20 million of Concord’s debt. Concord has been struggling of late, George Hamilton, senior analyst, Yankee Group, told TechNewsWorld. The company’s preliminary earnings report for first quarter noted expected total revenue between $28.5 million and $29.5 million.
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CA Pays Premium for Concord Communications
Posted by: Susan B. Shor April 7, 2005 12:00 PMComputer Associates made Concord Communications an offer it couldn’t refuse, announcing it would pay US$17 per share — a 71 percent premium — for the performance management software company. CA will lay out $330 million in cash and assume $20 million of Concord’s debt. Concord has been struggling of late, George Hamilton, senior analyst, Yankee Group, told TechNewsWorld. The company’s preliminary earnings report for first quarter noted expected total revenue between $28.5 million and $29.5 million.