Reynolds Deal Would Provide Windfall for Some ; Top Execs and Top Investors in Line for Millions When $2.8b Merger with Texas Company Is Done Before End of Year.

Summary


DAYTON -- Fin O'Neill, Reynolds and Reynolds Co.'s president and chief executive officer, could receive more than $9 million if the company's $2.8 billion merger with Universal Computer Systems Inc. of Houston, Texas, goes through as planned.

The deal, which would turn Reynolds into a private company by year's end, goes to Reynolds' shareholders for a vote by Sept. 30. Holders of Reynolds' common stock would receive $40 per share in cash.

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Reynolds Deal Would Provide Windfall for Some ; Top Execs and Top Investors in Line for Millions When $2.8b Merger with Texas Company Is Done Before End of Year.

"Our shareholders will receive a substantial and immediate premium on their investment,"...

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