The continuing saga of Mynd's quest to find a buyer appears to have finally reached a conclusion, now that IT services giant CSC Corp. has offered to purchase the insurance software and services company for approximately $568 million.Although the acquisition was not finalized as of mid-July, El Segundo, Calif.-based CSC has tendered an offer of $16 per share to Mynd shareholders. Mynd's board has approved the agreement.
Barring any last-minute glitches, it appeared that Mynd, formerly known as Policy Management Systems Corp., would be absorbed into CSC and cease operating as a separate entity after the deal is concluded.
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