Comverse Technology Subsidiary, Verint Systems Inc., Announces Initial Public Offering Of 4,500,000 Common Shares at $16 Per Share.Business & Technology Editors WOODBURY, N.Y.--(BUSINESS WIRE)--May 15, 2002 Comverse Technology, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CMVT CMVT Converse Technology ) today announced that its subsidiary, Verint Systems Inc. (NASDAQ: VRNT), a leading provider of analytic solutions for communications interception, digital video security and surveillance, and enterprise business intelligence, announced its initial public offering of 4,500,000 shares of its common stock at an initial public offering price of $16 per share. The shares, all of which are being offered by Verint, will be quoted on the NASDAQ National Market under the symbol "VRNT." Verint has also granted the underwriters the right to purchase up to 675,000 additional common shares within 30 days to cover over-allotments, if any. Lehman Brothers is the lead managing underwriter Managing underwriter The leading firm in an underwriting group, which originates the deal and acts as an agent for the group. managing underwriter See lead underwriter. for the offering. Salomon Smith Barney, Robertson Stephens, UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Warburg and U.S. Bancorp Piper Jaffray are serving as co-managing underwriters. A copy of the final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. relating to these securities may be obtained from Lehman Brothers Inc., 745 Seventh Avenue, Prospectus Department, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10019 (212-526-7000). A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. |
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