Consortium to Buy SunGard in $10.8B Deal (AP)

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March 28th, 2005, 08:00 PM

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Consortium to Buy SunGard in $10.8B Deal (AP)

AP - In a move reminiscent of the blockbuster buyouts of the late 1980s, seven private investment firms said Monday they would pay almost $11 billion in cash to acquire SunGard Data Systems Inc., the financial software powerhouse known for trading services and creating backup data systems in the event of a disaster.

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