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Ranger Governance Ltd

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BUSINESS
August 17, 2001 | Associated Press
Financier Sam Wyly's Ranger Governance Ltd. has scaled back its strategy for taking over software company Computer Associates International Inc. amid strong opposition. Ranger said it would nominate a minority slate of just four directors and drop Wyly as a candidate in the Aug. 29 shareholder election. The upstart bidder also said it would seek to remove CA Chairman Charles Wang but wouldn't challenge the board seat of Chief Executive Sanjay Kumar. Islandia, N.Y.
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BUSINESS
August 17, 2001 | Associated Press
Financier Sam Wyly's Ranger Governance Ltd. has scaled back its strategy for taking over software company Computer Associates International Inc. amid strong opposition. Ranger said it would nominate a minority slate of just four directors and drop Wyly as a candidate in the Aug. 29 shareholder election. The upstart bidder also said it would seek to remove CA Chairman Charles Wang but wouldn't challenge the board seat of Chief Executive Sanjay Kumar. Islandia, N.Y.
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BUSINESS
August 30, 2001 | From Reuters
The management of Computer Associates International Inc. on Wednesday fended off a challenge by Texas billionaire Sam Wyly as shareholders reelected all 10 incumbent board members, assuring founder Charles Wang will continue as chairman. Management's win followed a bitter and costly two-month battle over the world's No. 4 software maker, played out in court and in full-page advertisements in major newspapers. Wyly accused the Wang team of mismanagement.
BUSINESS
July 9, 2001 | ILAINA JONAS, REUTERS
Computer Associates International Inc. executives said Sunday that Sam Wyly's battle for control of the world's No. 4 software maker is a waste of time and opportunistic, draining their attention away from daily business when U.S. technology spending founders. "It's unfortunate that this is happening at this time," Computer Associates Chairman Charles Wang told an audience of customers attending the CA World conference in Orlando, Fla. "The timing obviously is not very good."
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