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Sungard Data Systems Inc

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BUSINESS
May 21, 1998 | Dow Jones
SunGard Data Systems Inc. said Wednesday it has agreed to acquire Plaid Brothers Software Inc., an Irvine provider of management software for brokerage firms and banks. Terms of the agreement, which is expected to close by the end of the month, were not disclosed. Frank Peters, president of Plaid, and his executive team will continue to manage the company as an independent company in SunGard Brokerage Systems, a division of SunGard's Financial Systems Group. SunGard, which is based in Wayne, Pa.
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BUSINESS
March 22, 2005 | From Associated Press
SunGard Data Systems Inc., a maker of investment support systems for banks, stock exchanges and mutual funds, said it was in talks over a possible sale of the company. The news sent its shares up 25%. SunGard's board has authorized its advisors and management to engage in the discussions while proceeding with the spinoff of the firm's disaster- recovery business, Availability Services, which was announced last fall.
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BUSINESS
March 22, 2005 | From Associated Press
SunGard Data Systems Inc., a maker of investment support systems for banks, stock exchanges and mutual funds, said it was in talks over a possible sale of the company. The news sent its shares up 25%. SunGard's board has authorized its advisors and management to engage in the discussions while proceeding with the spinoff of the firm's disaster- recovery business, Availability Services, which was announced last fall.
BUSINESS
May 21, 1998 | Dow Jones
SunGard Data Systems Inc. said Wednesday it has agreed to acquire Plaid Brothers Software Inc., an Irvine provider of management software for brokerage firms and banks. Terms of the agreement, which is expected to close by the end of the month, were not disclosed. Frank Peters, president of Plaid, and his executive team will continue to manage the company as an independent company in SunGard Brokerage Systems, a division of SunGard's Financial Systems Group. SunGard, which is based in Wayne, Pa.
BUSINESS
May 26, 2004 | From Reuters
The Nasdaq Stock Market on Tuesday said it would buy automated trading platform Brut ECN from SunGard Data Systems Inc. for $190 million in cash. The deal is part of a broad effort by Nasdaq to compete more aggressively against the New York Stock Exchange and other rivals. In recent years, Nasdaq has struggled to halt a decline in market share amid the rise of alternative platforms like Brut that trade Nasdaq stocks in multiple locations.
BUSINESS
November 10, 2001 | Bloomberg News
A bankruptcy judge in Chicago rejected the $750-million sale of Comdisco Inc.'s computer disaster-recovery business to Hewlett-Packard Co. The judge ruled instead that Wayne, Penn.-based SunGard Data Systems Inc. was the winner in a court-supervised auction and should be allowed to go ahead with its $825-million bid. Attorneys for Hewlett-Packard declined to comment. Shares of Rosemont, Ill.-based Comdisco rose 4 cents to 48 cents and SunGard fell 23 cents to $26.14, both on the NYSE.
BUSINESS
October 13, 2001 | A Chicago Tribune Staff Writer
Comdisco Inc., which is operating under bankruptcy protection, said it agreed to sell its technology services business to SunGard Data Systems Inc. for $825 million. But rival bidder Hewlett-Packard Co. said it intends to contest the deal when it comes up for approval at a U.S. Bankruptcy Court hearing Oct. 23, on grounds that it would be anti-competitive. "The process is far from over," Hewlett-Packard spokeswoman Rebeca Robboy said.
CALIFORNIA | LOCAL
March 23, 1999
Burbank-based Warner Bros. has named Don Buckley to head a newly established New Media department. Buckley, who joined Warner Bros. in 1980 as an advertising manager, helped create Warner Bros. Online in 1996. He will be reporting to Brad A. Ball, president of Warner Bros. Domestic Theatrical Marketing. The New Media department specializes in the company's positioning and marketing of its products on the Internet.
BUSINESS
April 13, 2006 | From Reuters
The volume of U.S. private equity deals continued its recent slide in the first quarter amid rising prices for companies, increased competition from corporate buyers and a drying up of acquisition targets. While the number and total value of private equity deals worldwide rose during the quarter, U.S. deals slipped to 173 acquisitions worth $30.7 billion, according to financial data provider Dealogic. That was down from 174 acquisitions worth $30.8 billion in the year-earlier period.
BUSINESS
July 10, 2002 | JOSH FRIEDMAN, TIMES STAFF WRITER
Standard & Poor's said Tuesday that it would make an unusually big change to the S&P 500 index of blue-chip stocks, replacing the index's seven remaining foreign companies with seven U.S.-based firms. After the close of trading July 19, these companies will be removed from the index: Royal Dutch Petroleum, Unilever, Nortel Networks, Alcan Inc., Barrick Gold Corp., Placer Dome Inc. and Inco Ltd. Added will be United Parcel Service Inc., Goldman Sachs Group Inc., Prudential Financial Inc.
BUSINESS
October 25, 2005 | From Bloomberg News
Shares of Computer Sciences Corp. rose 11% on Monday for their biggest gain in more than three years after a newspaper reported that private equity firms might try to buy the company. El Segundo-based Computer Sciences might receive an offer from a group of firms including Warburg Pincus, Texas Pacific Group and Blackstone Group, the Wall Street Journal reported, citing people familiar with the matter. The plans are at an early stage and might come to nothing, the report said.
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