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January 31, 1989

MAI BASIC FOUR HAS COMMITMENTS FOR ALL SENIOR FINANCING FOR PRIME ACQUISITION

By CBR Staff Writer

Still breathing down Prime Computer Inc’s neck – but held off by the court injunction restraining it from completeing its offer, MAI Basic Four Inc says it now has commitments for all senior financing for its proposed acquisition of Prime – $325m from Merrill Lynch & Co, for the tender offer, and up to $337.5m from the same source in senior financing for the proposed merger of the two; Drexel Burnham Lambert Inc remains highly confident that it can raise up to $875m in junk bond financing to cover the balance of the cash MAI requires.

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