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April 7, 1997updated 05 Sep 2016 12:32pm

TALK OF CABLETRON BID FOR FORE SENDS SHARES SKYWARD

By CBR Staff Writer

Rumors are circulating on Wall Street that Cabletron Systems Inc is interested in taking over Fore Systems Inc. Fore stock climbed $1.625 on Friday to close at $15.188, only three days after the company cut it’s fourth quarter earnings estimates by more than a third (CI No 3131). Cabletron denied that it was involved in acquisition talks, while Fore would not comment.

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