<PAGE> 1
EXHIBIT (a)(5)(xiv)
Contact: MEDIA INQUIRIES: FOR IMMEDIATE RELEASE
Frank Pollare Moved on PR Newswire
Director, Public Information December 14, 2000
Corporate
310.615.1601
[email protected]
FINANCIAL ANALYSTS: SHAREHOLDERS:
Bill Lackey Morrow & Co.
Director, Investor Relations 800.566.9061
Corporate [email protected]
310.615.1700
[email protected]
CSC ACCELERATES EXPIRATION DATE OF MYND TENDER OFFER
EL SEGUNDO, Calif., December 14 -- Computer Sciences Corporation (NYSE:
CSC) and Mynd Corporation (NYSE: YND), formerly known as Policy Management
Systems Corporation, a provider of systems, services, sourcing and e-business
solutions to the global insurance and related financial services industries,
have accelerated the tender offer expiration date of December 29 to December 20
at 5:00 PM EST in order to accommodate a possible earlier closing of the
acquisition which is subject to the approval of the Federal Trade Commission. If
FTC approval is not received by December 19, the tender offer expiration date is
expected to be extended accordingly.
In June, CSC announced that it entered into an agreement to acquire the
Columbia, S.C.-based Mynd for $16 per share in an all-cash transaction and
initiated a tender offer for outstanding Mynd shares. Subsequently, CSC received
a second request from the FTC for information concerning its tender offer under
the Hart-Scott-Rodino Antitrust Improvements Act.
As of the close of business on December 13, approximately 25,039,165 Mynd
shares, representing approximately 70 percent of the total outstanding, had been
validly tendered into the offer.
-more-
<PAGE> 2
Computer Sciences Corporation - page 2 December 14, 2000
Morrow & Co., Inc. is the information agent for the tender offer and
Goldman, Sachs & Co. is the dealer manager.
Computer Sciences Corporation, one of the world's leading consulting and
information technology services firms, helps clients in industry and government
achieve strategic and operational objectives through the use of technology.
Having guided clients through every major wave of change in information
technology (IT) for more than 40 years, CSC today is well positioned to develop
and apply IT strategies and technologies, particularly in the e-business area.
CSC's capabilities span a full range of technology disciplines, including
management and IT consulting, systems design and integration, applications
software, Web and application hosting, and IT and business process outsourcing.
Since its formation in 1959, CSC has been known for its flexibility and
customer-centric culture. Through numerous agreements with hardware and software
firms, the company develops and manages solutions specifically tailored to each
client's needs. With more than 61,000 employees in locations worldwide, CSC had
revenues of $9.9 billion for the twelve months ended September 29, 2000. It is
headquartered in El Segundo, California. For more information, visit the
company's Web site at www.csc.com.
-0-
