Spotlight: CSC Board to Meet to Consider Takeover Bid
El Segundo-based Computer Sciences Corp.’s board will meet today, its first session on how it will advise shareholders to respond to Computer Associates International Inc.’s $9.8-billion hostile takeover bid. CSC rejected the bid last week, prompting Computer Associates to begin a tender offer. CSC contends the price is too low and the combination would hurt business. Computer Associates has been courting CSC investors. CSC’s board said it expects to disclose its recommendation by Monday.