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Sam Wyly

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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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BUSINESS
July 28, 2001 | ILAINA JONAS, REUTERS
Texas billionaire Sam Wyly said Friday that he has stepped down as chairman of arts and crafts chain Michaels Stores Inc. to devote more time to his fight for control of software maker Computer Associates International Inc. and his family's hedge fund business. Wyly plans to devote more time to meeting with his investors and carrying on his campaign to take control of the board of Computer Associates, the world's No.
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BUSINESS
November 3, 1986
The Dallas-based restaurant company said its shareholders would receive a larger cash dividend under the partnership form, as the company plans to payout most of its earnings to the limited partners. The conversion would apparently benefit USACafes chairman Sam Wyly, who controls 48% of USACafes stock The firm said said that under the restructuring it will exchange one limited partnership share for each share of common stock.
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."
BUSINESS
June 27, 2001 | Bloomberg News
Computer Associates International Inc. added two board members as the software maker defends against entrepreneur Sam Wyly's attempt to seize control. Linus Cheung, 52, deputy chairman of Hong Kong's Pacific Century CyberWorks Ltd., and Lewis Ranieri, 54, who pioneered trading in mortgage-backed securities at Salomon Brothers Inc., joined the board, raising it to 10 members, the company said.
BUSINESS
July 28, 2001 | ILAINA JONAS, REUTERS
Texas billionaire Sam Wyly said Friday that he has stepped down as chairman of arts and crafts chain Michaels Stores Inc. to devote more time to his fight for control of software maker Computer Associates International Inc. and his family's hedge fund business. Wyly plans to devote more time to meeting with his investors and carrying on his campaign to take control of the board of Computer Associates, the world's No.
BUSINESS
June 22, 2001 | ALEX PHAM, TIMES STAFF WRITER
Texas billionaire Sam Wyly said he will mount a campaign to oust the management of mainframe computer software maker Computer Associates International Inc. But investors seem to doubt his ability to make good on the threat. Shares of the Islandia, N.Y., company--the world's fourth-largest independent software firm--lost 11 cents Thursday to close at $33.69 in New York Stock Exchange trading.
BUSINESS
April 17, 1985
Even though the Dallas-based software maker's $25-a-share merger bid was rejected, Sterling Software said it will continue to "pursue a business combination" with Informatics General. Sterling owns 9.3% of the Woodland Hills computer-products company's 5 million shares. Informatics called the $125-million offer "inadequate," but Sam Wyly, Sterling's chairman, said it represented a 48% premium over the market value of the stock and challenged Informatics to open negotiations.
BUSINESS
June 20, 1985
The company filed a suit in federal court in Philadelphia seeking an injunction to bar John Butler from divulging confidential information about the corporation. Butler was hired May 15 as Datapoint's chief operating officer and was fired June 7. No official reason was given for the action at the time. The suit claims that, since January, Butler has been working with Sam Wyly of NetAmerica Corp., who had been seeking to gain control of Datapoint.
BUSINESS
February 24, 2005 | From Bloomberg News
Michaels Stores Inc., the world's biggest arts-and-crafts retailer, said the Securities and Exchange Commission and the New York district attorney's office are investigating stock transactions between offshore trusts and the company's chairman and vice chairman. The company received a grand jury subpoena Feb. 17 from the district attorney's office for documents and records relating to trusts located outside the U.S.
BUSINESS
June 27, 2001 | Bloomberg News
Computer Associates International Inc. added two board members as the software maker defends against entrepreneur Sam Wyly's attempt to seize control. Linus Cheung, 52, deputy chairman of Hong Kong's Pacific Century CyberWorks Ltd., and Lewis Ranieri, 54, who pioneered trading in mortgage-backed securities at Salomon Brothers Inc., joined the board, raising it to 10 members, the company said.
BUSINESS
June 22, 2001 | ALEX PHAM, TIMES STAFF WRITER
Texas billionaire Sam Wyly said he will mount a campaign to oust the management of mainframe computer software maker Computer Associates International Inc. But investors seem to doubt his ability to make good on the threat. Shares of the Islandia, N.Y., company--the world's fourth-largest independent software firm--lost 11 cents Thursday to close at $33.69 in New York Stock Exchange trading.
BUSINESS
November 3, 1986
The Dallas-based restaurant company said its shareholders would receive a larger cash dividend under the partnership form, as the company plans to payout most of its earnings to the limited partners. The conversion would apparently benefit USACafes chairman Sam Wyly, who controls 48% of USACafes stock The firm said said that under the restructuring it will exchange one limited partnership share for each share of common stock.
BUSINESS
October 12, 2001 | Bloomberg News
Computer Associates International Inc., the fifth-largest software maker, said it will cut its staff by 900 jobs, or about 5%, as orders decline and a reorganized sales force needs fewer people. The move will reduce the work force to 17,000, the company said. Most of the jobs will be eliminated in North America. Computer Associates makes security, database and systems management software for mainframe and other corporate computers. The Islandia, N.Y.
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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