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Unilever (UN) - Get Free Report Chairman Niall FitzGerald told Reuters the company will not launch a hostile bid for Bestfoods (BFO) - Get Free Report after it rejected Unilever's $18.4 billion takeover bid. FitzGerald, one of two co-chairmen, said he is content to wait for Bestfoods to consider its alternatives and conclude that a deal with Unilever is in its best interests.

In other postclose news (earnings estimates from

First Call/Thomson Financial

; earnings reported on a diluted basis unless otherwise specified):

Mergers, acquisitions and joint ventures

Health-care systems company


(CERN) - Get Free Report

said it will acquire

Citation Computer Systems


, a provider of laboratory systems for small-to-midsized hospitals. Cerner will pay 0.153 shares of its stock and 51 cents cash for each Citation share.



said it will acquire


for 1.2 million shares and $20 million in cash, or a total of about $42 million. Apptitude analyzes Internet traffic for developers of network infrastructure devices.

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Earnings/revenue reports and previews

Computer Associates

(CA) - Get Free Report

posted fourth-quarter earnings of $1.13 a share, in line with the lowered 22-analyst estimate, dispelling jitters about its delayed report. The year-ago earnings were 90 cents a share.

The Islandia, N.Y.-based company reported record fourth-quarter revenues of $2.13 billion, up 31% from the year-ago $1.63 billion. However, revenue was cut by $33 million due to the negative impact of translating foreign currency into U.S. dollars, the company said. Last week, shares tumbled about 16% after the company said it would report earnings a week later than expected.

joint newsroom covered the Computer Associates report in a

story this evening.

Brocade Communications


reported second-quarter pro forma earnings of 11 cents a share, topping the 15-analyst estimate of 8 cents and up from the year-ago loss of a penny.

Coca-Cola Enterprises


said it sees 2000 earnings before items of about 50 cents a share, below the current 17-analyst estimate of 71 cents a share. Coca-Cola cited weakness in the British market caused by sterling's gains against the euro. The company said it expects a charge of 2 cents a share related to its U.K. restructuring and also said it sees North American volume for the remainder of 2000, up 1% to 2% over 1999.

Ligand Pharmaceuticals

(LGND) - Get Free Report

posted a first-quarter operating loss of 24 cents a share, wider than the lone-analyst estimate of a loss of 18 cents but narrower than the year-ago loss of 32 cents.

US Oncology


posted first-quarter earnings of 29 cents a share, which includes a gain of 17 cents. The eight-analyst estimate was for 10 cents. The year-ago results were 16 cents a share.

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Offerings and stock actions

Bank holding company

Investors Financial


set a 2-for-1 stock split.


(KEM) - Get Free Report

set a 2-for-1 stock split.

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