Computer Sciences Corp. has again extended a $16 per share cash offer for insurance software company Mynd – this time to Oct. 12 – while awaiting U.S. regulatory review of the $568 million deal.
Computer Sciences extended the offer again after the Federal Trade Commission made a second request for information from the two companies. In a prepared statement, the companies said they were still responding to the request. Computer Sciences, the No. 3 computer service provider, is confident the FTC will approve the transaction. It already extended its offer once—10 days to Aug. 12—after what the company referred to as a routine information request from antitrust regulators.
In June, Computer Sciences agreed to acquire Mynd after Electronic Data Systems Corp. withdrew a $700 million offer after examining the insurance software company’s confidential financial data.
Was this article valuable?
Here are more articles you may enjoy.
Death and Destruction at Orlando I-4 Project But Punitive Damages Not Allowed 
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations 
Insurance Gaps Leave Airlines Exposed as Iran Conflict Widens 
Zurich Insurance and Beazley Agree to $10.9B Cash Acquisition 
