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Article #485 (635 is last):
From: aa700@cleveland.Freenet.Edu (Michael Current)
Newsgroups: freenet.sci.comp.atari.news
Subject: JTS CORP agrees to buy Atari Corp
Reply-To: aa700@cleveland.Freenet.Edu (Michael Current)
Posted-By: xx004 (aa700 - Michael Current)
Date: Sat Nov 16 18:25:40 1996


Wednesday July 31 10:36 AM EDT

JTS CORP agrees to buy Atari Corp

SAN JOSE, Calif., July 31 (Reuter) - JTS Corp and Atari Corp said on
Wednesday they each received stockholder approval of their proposal to merge
the two companies.

JTS and Atari have filed certificates of merger with authorities in Delaware
and Nevada and the merger closed today.

JTS Corp will be the surviving entity in the merger, and the combined
organization will be based in San Jose, Calif.

The JTS Common Stock will commence trading on the American Stock Exchange
under the symbol "JTS" on Wednesday. The Atari Common Stock was delisted
from the American Stock Exchange following Tuesday's trading.

JTS exchanged about 63,850,000 shares of its common stock for all of the
outstanding stock of Atari and JTS has 103,415,517 million shares
outstanding following the merger.

-- New York Newsdesk 212-859-1610.

----------------------------------------------------------------------------
-- 
Michael Current, 8-Bit Atari FAQ & Vendor/Developer Lists maintainer
   User groups: CAIN, SPACE, NWPAC / mailto:mcurrent@carleton.edu


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