Burroughs and sperry merger
Unisys was formed in 1986 through the merger of mainframe corporations Sperry and Burroughs, with Burroughs buying Sperry for $4.8 billion. The name was chosen from over 31,000 submissions in an internal competition when Christian Machen submitted the word "Unisys" which was composed of parts of the words united, information and systems. WebJun 12, 1986 · Sperry stockholders have offered to sell 58 million shares to Burroughs, company officials said Wednesday, completing the first step toward the $4.8-billion merger of the rival computer...
Burroughs and sperry merger
Did you know?
WebIn September 1986, Burroughs Corporation and Sperry Corporation completed a merger that had been started over a year before. W. Michael Blumenthal, president of Burroughs Corporation, and Joseph J. Kroger, president of Sperry Corporation, became Chairman/CEO and Vice-Chairman, respec. From the description of Burroughs … WebMay 28, 1986 · The merger, in which Burroughs will pay $4.8 billion, or $76.50 each in cash and securities for approximately 62.5 million shares of Sperry common stock, …
WebMar 21, 1988 · Some former Sperry insiders say the Sperry corporate culture has been merged into a new Unisys culture that closely resembles the old Burroughs way of doing business. Unisys officials... WebBurroughs establishes major operations in Argentina, Brazil, and Mexico. 1925 Burroughs introduces the “Burroughs Portable” adding machine, weighing less than 20 lbs. and selling for less than $100. Two hundred a day are produced in Detroit and 22,000 are sold in the first eight months following release.
WebMike Blumenthal, CEO of Burroughs, successfully executes the merger of Burroughs and Sperry in 1986. The case discusses the putting together of the two firms in a fast time period in order to achieve cost savings, high earnings, and an integrated culture.
WebDec 29, 2012 · However, Sperry’s management doubted its success • Mr. Blumenthal made another bid for Sperry 2nd • Sperry tried to defend its position and broker a deal Merger with Honeywell but the talks failed • In …
WebBurroughs introduces first 10-key adding machine. 1955 Sperry and Remington Rand merge to form Sperry Rand and over the next decade introduce ~100 computer products … happy tears tissues for weddingWebFeb 3, 1991 · Unisys was created in 1986 from the merger of the Sperry Corporation and the Burroughs Corporation. Mr. Exley's argument was bolstered last week when Unisys reported a $437 million loss for... happy tears lil poppaWebMay 28, 1986 · The current round began in early May when Burroughs again approached Sperry, this time with a $70-a-share merger offer. Sperry's chairman, Gerald G. Probst, rushed back from Japan when he... chamfering turningWebBurroughs Corporation and Sperry Corporation (formerly Sperry Rand and Sperry Univac), completed their merger in September of 1986 to form the Unisys Corporation. … happy tears vs sad tearsWebMike Blumenthal, CEO of Burroughs, successfully executes the merger of Burroughs and Sperry in 1986. The case discusses the putting together of the two firms in a fast time … chamfering woodWebMar 20, 2007 · The Sperry Rand Corporation eventually became UNISYS after a merger with Burroughs Corporation in 1986. This image shows the parking lot and roof of the building. Several cars are parked in the lot. The building is rectangle shaped and has a brown exterior. Planned Community Archives Collection, 584.08 Description: happy tears handkerchiefWebIdentifier: CBI 90, Series 7. Abstract. Collection contains the Burroughs annual reports dating from 1923 to 1985. From 1923-1952, the company was known as the Burroughs Adding Machine Company, and from 1953 to 1985, as Burroughs Corporation. It merged with Sperry Corporation in 1986 to become Unisys Corporation. happy tears แปลว่า