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Offer for Wonderware

ORANGE COUNTY BRIEFLY

March 03, 1998|Dow Jones

IRVINE — British engineering and electronics firm Siebe PLC began its $24-a-share tender offer Monday for Irvine-based software maker Wonderware Corp.

The offer, set to expire at 9 p.m., requires that a majority of the outstanding shares of Wonderware stock be tendered. Wonderware's board unanimously approved the offer, which was announced last week.

Wonderware would become a wholly owned division of Siebe.

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