Computer Sciences Bids for Malaysian

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El Segundo-based Computer Sciences Corp. has offered $104 million in cash to buy Malaysian software company Computer Systems Advisers Bhd.


The offer values Computer Systems at $1.03 per share, the Petaling Jaya-based company said in a filing to the Malaysian stock exchange last week. The company’s board is reviewing the offer, which would result in its de-listing from the Malaysian stock exchange.


Computer Systems Advisers was founded in 1971 and employs more than 1,100 workers in 23 offices throughout Malaysia.


If successful, the deal for the Malaysian firm would be the second major acquisition in a month for CSC, which in May acquired information technology service provider Covansys Corp. in a $1.3 billion cash deal.


Shares in CSC gained 5 percent Wednesday on the buyout offer but were down 35 cents to $57.16 in afternoon trading Thursday on the New York Stock Exchange.

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