Fujitsu has bowed to shareholder pressure to increase its offer price for Amdahl, following lawsuits alleging the price was unfairly low.
The price has been increased by only 40 cents per share to $12.40, boosting the value of the total deal from $850 to $878 million. The shareholder lawsuit was dropped after the announcement. The companies "continue to deny any wrongdoing in connection with the tender offer and proposed merger" but said they want to "avoid the disruption and expense of further litigation".
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