Nearly two-thirds of the stock of Prime...
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Nearly two-thirds of the stock of Prime Computer has been tendered to MAI Basic Four Inc., and industry analysts said Prime’s chances of escaping MAI’s $970-million takeover bid are growing slimmer. MAI, a Tustin computer maker, said that 29.3 million shares of Prime stock had been tendered by midnight Wednesday under the terms of its $20-a-share purchase offer. When combined with 1.9 million shares already owned by MAI and its Brooke Partners affiliate, that represents 64.8% of Prime’s common stock, or 48% on a fully diluted basis.
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