Updated from 9:26 a.m. EDT
Hours after announcing its $430 million acquisition of Netegrity(NETE Quote), Computer Associates(CA Quote) said Wednesday that its fiscal second-quarter revenue and operating earnings will meet or exceed its targets.
Netegrity, meanwhile, will fail to meet its quarterly results, the companies said at the time they announced the acquisition.
The transaction's price, at $10.75 a share, comes out to about $340 million when Netegrity's cash and short-term investments are backed out. Computer Associates said owners of about 10% of Netegrity's common stock have agreed to sell into the deal. The acquisition is expected to be neutral in fiscal 2005 and slightly accretive in fiscal 2006 on a GAAP basis, just through cost synergies. ...
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