TECHNOLOGY - May 24, 1994
From Times Staff and Wire Reports
SuperMac, Radius Announce Merger Plans: Shares of SuperMac Technology Inc. rose as much as 27% after the computer graphics company made the announcement that it will join longtime Silicon Valley rival Radius Inc. in a stock swap valued at $80.5 million. Radius would exchange 1.4763 common shares for each of 8.9 million shares of SuperMac in the transaction, which is subject to a government antitrust review and shareholder approval. SuperMac, whose stock had sunk since June, has been battered by recent changes at Apple Computer Inc.
