Sterling wasn’t deterred by Informatics’ rebuff.
- Share via
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.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
