COMPUTER ASSOCIATES &lt;CA>, UCCEL SET MERGER
  Computer Associates International Inc
  and UCCEL Corp &lt;UCE> said they have signed a definitive merger
  agreement under which Computer Associates will pay about 800
  mln dlrs in stock for all outstanding UCCEL shares.
      The companies said under the terms of the agreement, all
  UCCEL shareholders will receive about 1.69 shares of Computer
  common stock for each of the approximately 17 mln UCCEL shares
  outstanding.
     
      According to the companies, this would amount to about
  47.50 dlrs per UCCEL share, based on May 29 New York Stock
  Exchange closing prices.
      Closing of the transaction is anticipated in August, the
  companies said. The companies said the resulting company wil
  retain the name Computer Associates International Inc.
      Additionally, the companies said Charles Wang, currently
  Computer Associates chairman and chief executive, will continue
  as chairman of the new company.
  

