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. Last Updated: 07/27/2016

Software Merger

NEW YORK () -- Computer Associates International Inc. has announced a deal to buy Cheyenne Software Inc. for $1.2 billion. The acquisition would be the third-biggest between U.S. software companies.

Computer Associates, which had $3.5 billion in sales last year, will offer $30.50 in cash for each share of Cheyenne common stock.

Cheyenne had $174.1 million in sales last year.