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February 7, 1989


By CBR Staff Writer

Computer systems integrator – primarily for the US government C3 Inc is unhappy about the latest extension by Knoll Capital Management of its $14 a share tender offer for the Herndon, Virginia company, saying that it casts substantial doubt on Knoll’s ability to provide or arrange financing for the acquisition. The tender offer was originally made on November 17, and has been extended on five previous occasions. C3 reiterates that it can make no recommendation on the bid because of the numerous conditions attached to it, including the condition that Knoll is able to find adequate financing.

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