UPFRONT

Reynolds Bought Out by UCS
KETTERING, OH—Reynolds and Reynolds has given the nod to a $2.8 billion buyout by rival Universal Computer Systems (UCS). The deal, which includes the assumption of debt, sees Reynolds and Reynolds shareholders receiving $40 cash per share. The merged company will be called The Reynolds and Reynolds Co., with products and services of both companies marketed under the Reynolds brand. The UCS brand will be discontinued.