VOL. XLII

No. 03

18-January-1999

BAHRAIN

Investcorp To Buy Stratus

Investcorp announced on 11 January that it will acquire the US based Stratus Enterprise Computer Division of Ascend Communications Inc. (The parent company, Stratus Computer Incorporated, merged with Ascend in 1998.) According to a statement issued by Investcorp, the transaction is being made on behalf of Investcorp, a group of international investors and the management of Stratus, and is expected to close in the first quarter of...