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EXHIBIT (a)(5)(x)
CONTACT: MEDIA INQUIRIES: FOR IMMEDIATE RELEASE
Frank Pollare Moved On PR Newswire
Director, Public Information September 11, 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 EXTENDS TENDER OFFER FOR MYND, FORMERLY POLICY MANAGEMENT SYSTEMS
EL SEGUNDO, Calif., Sept. 11 -- Computer Sciences Corporation (NYSE:
CSC) today announced that its $16 per share cash tender offer for Policy
Management Systems Corporation (NYSE: PMS), d/b/a Mynd, will be extended for 30
days until 11:59 p.m., Eastern Daylight Time, on October 12.
As previously announced, CSC and Mynd received a second request for
information concerning the tender offer under the Hart-Scott-Rodino Antitrust
Improvements Act, and they are currently in the process of responding to the
request. CSC and Mynd have agreed to extend the tender offer until October 12
because they believe the Federal Trade Commission may finish its review of the
transaction by that date. CSC remains confident it will complete the
transaction.
As of the close of business last Friday, approximately 18,989,321 Mynd
shares, representing approximately 53 percent of the total outstanding, had been
validly tendered into the offer.
Morrow & Co., Inc. is the information agent for the tender offer and
Goldman, Sachs & Co. is the dealer manager.
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Computer Sciences Corporation - page 2 September 11, 2000
About CSC
Computer Sciences Corporation, one of the world's leading consulting
and information technology (IT) 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 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, based on its
full range of capabilities in 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 60,000 employees in locations worldwide, CSC had
revenues of $9.6 billion for the twelve months ended June 30, 2000. It is
headquartered in El Segundo, California. For more information, visit the
company's Web site at www.csc.com.
