Aril Group Inc

Alpha Microsystems, a financially troubled manufacturer of business computers, said Thursday that the proposed merger with New York-based Aril Group Inc. has been terminated because Aril could not arrange financing. When the tentative deal was announced Nov. 19, Alpha Micro officials said it depended upon Aril's ability to finance the $11-million cash deal and other conditions, including approval of shareholders. David A.

Alpha Microsystems, a financially troubled manufacturer of business computers, said Thursday that the proposed merger with New York-based Aril Group Inc. has been terminated because Aril could not arrange financing. When the tentative deal was announced Nov. 19, Alpha Micro officials said it depended upon Aril's ability to finance the $11-million cash deal and other conditions, including approval of shareholders. David A.

A small New York industrial holding company has made an unsolicited offer to buy business-computer maker Alpha Microsystems Inc. for $10 million in cash plus stock, the company announced Thursday. The Aril Group Inc., a publicly held company that recently acquired a kitchen-cabinet manufacturer, hopes to acquire Alpha Microsystems as part of a plan to expand into the computer industry, said Alfred Schoenberg, Aril's president.

Gilbert P. Hyatt, the low-profile La Palma inventor who enjoyed a flash of fame in July when he won a patent for inventing the microprocessor 20 years ago, proved that small innovators can still make a mark in a world ruled by high-technology giants. But for many of Orange County's small- and mid-size technology companies, 1990 was the story of the little engines that couldn't. The technology sector, once the darling of local analysts, proved it was not immune to a degenerating economy.

Alpha Microsystems, a struggling manufacturer of business computers, has tentatively agreed to be acquired by New York-based Aril Group for about $11 million. Aril, a holding company that recently acquired a kitchen cabinet manufacturer, has agreed to pay $3.75 in cash for each of Alpha Microsystems' shares outstanding at the time the deal is completed. The sale is scheduled to close before April, 1991.

Gilbert P. Hyatt, the low-profile La Palma inventor who enjoyed a flash of fame in July when he won a patent for inventing the microprocessor 20 years ago, proved that small innovators can still make a mark in a world ruled by high-technology giants. But for many of Orange County's small- and mid-size technology companies, 1990 was the story of the little engines that couldn't. The technology sector, once the darling of local analysts, proved it was not immune to a degenerating economy.

Alpha Microsystems, a struggling manufacturer of business computers, has tentatively agreed to be acquired by New York-based Aril Group for about $11 million. Aril, a holding company that recently acquired a kitchen cabinet manufacturer, has agreed to pay $3.75 in cash for each of Alpha Microsystems' shares outstanding at the time the deal is completed. The sale is scheduled to close before April, 1991.

A small New York industrial holding company has made an unsolicited offer to buy business-computer maker Alpha Microsystems Inc. for $10 million in cash plus stock, the company announced Thursday. The Aril Group Inc., a publicly held company that recently acquired a kitchen-cabinet manufacturer, hopes to acquire Alpha Microsystems as part of a plan to expand into the computer industry, said Alfred Schoenberg, Aril's president.