Earlier this week, the company also said that it would buy Worldweb.net Inc. for $26 million in stock and cash.

In 1989, Wang bought the company for $330,000,000 in stock.

Managements of undervalued companies, who may be trying to buy in stock through dealers, often do not return phone calls or send out financial information.

Keycorp, a regional bank, has agreed to buy Champion for $200 million in stock.

International Paper said it would buy Union Camp for $5 billion in stock.

Taiwan's biggest insurer agreed today to buy the island's 10th-largest bank for $3.38 billion in stock.

Two weeks ago, it agreed to buy Envoy, the largest electronic processor of medical bills, for $2.5 billion in stock.

Last month it bought Winstar out of bankruptcy for $42.5 million in cash and stock.

Texaco gained after Chevron said it had agreed to buy the company for $36 billion in stock.

It said it would buy the company for $2 billion in cash and stock, but would impose rate increases of only 4.8 percent a year.