Fujitsu Ltd. announced July 31 it will try to purchase all shares of Amdahl stock it does not yet own at $12 per share through an open takeover bid, with the total purchase price expected to be $850 million, pursuant to its definitive merger agreement.

Fujitsu will begin its monthlong takeover bid July 29. Established in 1970, Amdahl has been an independent maker of mainframe computers based in Sunnyvale, California. The merger agreement was unanimously approved by Amdahl directors unaffiliated with Fujitsu, according to Fujitsu officials, who added that the Amdahl name and management team would be retained.

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