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EXHIBIT (a)(5)(ix)
COMPUTER SCIENCES CORPORATION
2100 EAST GRAND AVENUE
EL SEGUNDO, CALIFORNIA 90245
NEWS RELEASE
[COMPUTER SCIENCES CORPORATION LOGO]
Contact: Media Inquiries: FOR IMMEDIATE RELEASE
Frank Pollare Moved On PR Newswire
Director, Public Information Date: August 10
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., Aug. 10 -- 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 until
11:59 p.m., Eastern Daylight Time, on September 12.
As previously announced, on July 31 CSC received a second request for
information under the Hart-Scott-Rodino Antitrust Improvements Act concerning
the tender offer. CSC is currently in the process of responding to the request.
CSC and Mynd have agreed to extend the tender offer until September 12 because
they do not believe the Federal Trade Commission will complete its review of the
transaction prior to that date. CSC remains confident that it will complete the
transaction.
As of the close of business today, approximately 16,454,530 Mynd
shares, representing approximately 46 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 August 10, 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.
