TECHNOLOGY - July 29, 1995
<i> Times Staff and Wire Reports</i>
Path Cleared for Computer Firm Acquisition: Computer Associates International Inc. will proceed with a $1.8-billion purchase of rival software maker Legent Corp. after agreeing to conditions set by government antitrust regulators. Fearful that the deal would reduce competition in mainframe computer software, the Justice Department’s antitrust division required Islandia, N.Y.-based Computer Associates to allow other companies to develop a handful of Legent’s programs. Computer Associates’ stock closed up $2.375, or 3.4%, at $72.25 on the New York Stock Exchange as investors concluded that the government’s conditions would have little financial impact. Legent, based in Vienna, Va., closed up $2.69, or nearly 6%, at $47.81 in Nasdaq trading.
