After months of searching, Prime Computer disclosed Thursday that it may finally have found a white knight buyer to rescue it from a hostile takeover bid by MAI Basic Four of Tustin.
The Natick, Mass., minicomputer maker said its board is reviewing an acquisition offer it received from a bidder that asked not to be identified. In a prepared statement, Prime said the terms of the offer prohibit the company at this point from disclosing the amount of the bid or the identity of the bidder.
MAI, meanwhile, said it intends to raise its pending $1.1-billion offer for Prime, but the company would not say by how much.
Analysts said the emergence of a rival bidder and MAI's willingness to boost its offer indicates that the seven-month takeover struggle is nearing a finale.