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Technology / AI and automation

MAI BASIC EXTENDS SHARE CASH OFFER FOR PRIME

MAI Basic Four Inc extended $20 a share cash tender offer for Prime Computer Inc to April 13: the number of shares currently tendered and not withdrawn is 31.9m, giving MAI 68.54% of the equity on a primary basis – but it remains under court injunction not to complete the bid.

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CBR Staff Writer

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