Amadeusz Juskowiak

Convergent technologies cvgt to buy oakleaf

Convergent Technologies Inc said it has reached an agreement in principle to buy Oakleaf Corp which supplies finance insurance and leasing computers to auto dealers

The transaction will involve an exchange of Oakleaf stock for cash and debt and is subject to a definitive agreement the companys said No other terms were disclosed

Oakleaf had 1986 sales of about 26 mln dlrs

Reuter