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A New York-based computer software maker said Monday it will make a $12.37-per-share tender offer for San Diego-based Integrated Software Systems Corp. (ISSCO) in a deal worth about $68.4 million.
An offer by a subsidiary of Computer Associates International will be made no later than Friday, according to an agreement reached with ISSCO.
If the deal is consummated, ISSCO will become a subsidiary of Computer Associates and probably will drop its name, company officials said.
The tender offer-to be made under the name of GTO Merge Inc., a Computer Associates...