Mynd shareholders have been playing the waiting game while the FTC decides whether or not Computer Sciences Corp.'s (CSC, El Segundo, CA) plans to acquire Mynd violate anti-trust laws.
At press time, CSC had extended the offer until 11:59 p.m. Eastern Standard Time on October 31 because both CSC and Columbia, SC-based Mynd believed the FTC would finish its review of the transaction by that date.
If the FTC rules CSC's acquisition of Mynd would violate anti-trust laws, Steve McKlemman, first vice president of computer services and who tracks CSC at New York-based Merrill Lynch, says, CSC and Mynd apparently "are willing to make concessions to make the deal happen." For instance, sell off certain products or divisions the FTC feels creates a monopoly if the two companies were to operate as a single entity.
Richard Roby, director of insurance research, Tower-Group (Needham, MA), says, "Mynd will end up with CSC. The deal will go through.
Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio