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June 12, 1991 | From Times Staff and Wire Reports
The struggle for control of SD-Scicon, one of Britain's largest software companies, turned into a full-scale battle when General Motors Corp.'s Electronic Data Systems topped an earlier bid by Britain-based Cray Electronics. U.S. computer services concern EDS bid 116.2 million British pounds ($194 million), just above Cray Electronics' offer made on May 24 and valued at 111 million pounds ($185 million).
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BUSINESS
June 12, 1991 | From Times Staff and Wire Reports
The struggle for control of SD-Scicon, one of Britain's largest software companies, turned into a full-scale battle when General Motors Corp.'s Electronic Data Systems topped an earlier bid by Britain-based Cray Electronics. U.S. computer services concern EDS bid 116.2 million British pounds ($194 million), just above Cray Electronics' offer made on May 24 and valued at 111 million pounds ($185 million).
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BUSINESS
August 17, 1991 | From Times Staff and Wire Reports
EDS Claims Control of SD-Scicon: Electronic Data Systems Corp. said it has won its hostile bid for control of the British computer services firm. EDS, the information technology unit of General Motors, said it has either acquired or agreed to acquire a "sufficient total" of SD-Scicon's shares to take control. The minimum required would be over 50%. The $1.02 a share offer, which values SD-Scicon at $271 million, had been due to expire today.
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