Convergent Group's Initial Public Offering Effective.Business Editors ENGLEWOOD, Colo.--(BUSINESS WIRE)--Aug. 1, 2000 Convergent Group Corporation (Nasdaq/NMS: CVGP CVGP Customs Value per Gross Pound (shipping) ) announced today that its initial public offering of 5,000,000 shares of common stock was priced at $7.00 per share. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the offering will be used to repay outstanding indebtedness, to pay certain fees to one of Convergent Group's principal stockholders and for working capital and general corporate purposes. The offering was lead-managed by FleetBoston Robertson Stephens Inc., and co-managed by Donaldson, Lufkin & Jenrette Securities Corporation and Wit SoundView Corporation. Three selling stockholders have granted the underwriters a 30-day option to purchase up to 750,000 shares of common stock solely to cover over-allotments, if any. The public offering is being made by means of a prospectus. This press release shall not constitute an offer to sell or a 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 of jurisdiction. 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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities may be obtained by writing to, or telephoning: FleetBoston Robertson Stephens Inc. 555 California Street, Suite 2600 San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA, 94104 (415) 781-9700 Donaldson, Lufkin & Jenrette Securities Corporation 77 Park Avenue 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 10172 (212) 892-3000 Wit SoundView Corporation 826 Broadway, 6th floor New York, NY 10003 (212) 253-4400 About Convergent Group Corporation Convergent Group Corporation is a provider of consulting, software engineering, systems integration and project management services that enable its utility and local government clients to implement Internet-based business solutions, also known as eBusiness solutions. These solutions enable Convergent Group's clients to transform their organizations into digital business environments that integrate data from various isolated sources to create a single, Web-based point of entry through which internal decision-makers, business partners, suppliers, customers and constituents can access business information on a real-time basis. The company headquarters are located at 6399 South Fiddler's Green For other uses, see . Fiddler's Green is the happy land imagined by sailors where there is perpetual mirth, a fiddle that never stops playing and dancers who never tire. Circle, Suite 600, Englewood, Colorado 80111. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion