newsbytes@clarinet.com (01/14/90)
NATICK, MASSACHUSETTS, U.S.A., 1990 JAN 10 (NB) -- Prime Computer has announced that a special shareholders meeting is scheduled for 10 AM on January 30, 1990 to sanction the projected merger between Prime and a subsidiary of DR Holdings of Delaware. The meeting will be held at Prime Computer Inc., 500 Old Connecticut Path, Framingham, Massachusetts. The Securities and Exchange Commission will allow Prime to send out a prospectus/proxy statement about the proposed merger. The proxy materials are in the mail. Once the merger has been realized, Prime "will become a wholly owned subsidiary of Holdings and certain of its subsidiaries." According to Prime's president and chief executive officer, James F. McDonald, this projected merger will develop a business atmosphere in which Prime can highlight strategically the particular arenas in which it can excel, i.e, the global marketplace for computer-aided-design (CAD) and -manufacturing (CAM), customer assistance, and minicomputers. The second biggest global distributor of integrate CAD/CAM and computer-aided-engineering systems, Prime Computer Inc. of Natick, Massachusetts, supplies integrated solutions worldwide to education, financial services, government, and scientific marketplaces. (Beth Goldie/1990112/Press Contact: Joe Gavaghan, Prime Computer, 508-655-8000, X7727)