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EXHIBIT (a)(5)(xi)
NEWS RELEASE
CONTACT:
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MEDIA INQUIRIES: FINANCIAL ANALYSTS: SHAREHOLDERS:
FRANK POLLARE BILL LACKEY Morrow & Co.
Director, Public Information Director, Investor Relations 800.566.9061
Corporate Corporate [email protected]
310.615.1601 310.615.1700
[email protected] [email protected]
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CSC EXTENDS TENDER OFFER FOR MYND, FORMERLY POLICY MANAGEMENT SYSTEMS
EL SEGUNDO, Calif., Oct. 11 -- Computer Sciences Corporation (NYSE: CSC) today
announced that its $16 per share cash tender offer for Mynd Corporation (NYSE:
YND), formerly known as Policy Management Systems Corporation, will be extended
until 11:59 p.m., Eastern Standard Time, on October 31, 2000.
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 31 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 on October 10, approximately 22,469,621 Mynd shares,
representing approximately 63 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.
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
