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Convergys Corporation -- NYSE:CVG -- Initial Public Offering Priced At $15.00 Per Share.


NEW YORK--(BUSINESS WIRE)--Aug. 12, 1998--Convergys Corporation today sold its initial public offering of 13 million shares of common stock priced at $15.00 per share.

Morgan Stanley To comply with Wikipedia's , the introduction of this article needs a complete rewrite.  Dean Witter Dean Witter may refer to:
  • Dean G. Witter (businessman, Co-founder of Dean Witter & Company)
  • Dean Witter Reynolds (brokerage firm, now known as Morgan Stanley)
 and Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world.  are joint lead-managing the offering.

Convergys Corporation (NYSE NYSE

See: New York Stock Exchange
:CVG CVG Convergys Corp
CVG Corporación Venezolana de Guayana
CVG Clear Vertical Grain (woodworking)
CVG Carrier Group
CVG Corporacion Venezolana de Guyana
CVG Comprehensive Video Group (South Hackensack, NJ, USA) 
) is a leading provider of outsourced billing and customer management solutions. The Convergys Information Management Group (formerly CBIS CBIS Computer Based Information System
CBIS Christian Brothers Investment Services
CBIS Cincinnati Bell Information Systems
CBIS Chinese Biodiversity Information System
CBIS Certified Brain Injury Specialist
) provides customized billing solutions utilizing proprietary software, software development expertise, and high-volume processing capabilities delivered through its data centers. The Convergys Customer Management Group (formerly MATRIXX Marketing) provides value-added customer management solutions that are designed to increase the effectiveness of customer management programs and enhance customer satisfaction, loyalty, and retention.

Convergys focuses on developing long-term strategic relationships with clients in industries with complex billing needs or intensive customer service requirements, such as communications, technology, financial services, and consumer products.

Convergys Corporation is on the Internet at www.convergys.com

NOTE: _____

This announcement is neither an offer to sell nor a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state. Any offer is made only by the Prospectus, copies of which can be obtained by contacting Morgan Stanley Dean Witter at 1585 Broadway, 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 10036, Attn. Prospectus Dept. - - - or Salomon Smith Barney at 140 58th Street, 8th Floor, Brooklyn, NY 11220, Attn: Prospectus Dept.

    CONTACT:  Edelman Financial
               Whit Clay, 212/704-4559
                         or
               Convergys Corporation
               John Pratt, 800/344-4000 or 513/397-7777


COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Business Wire
Article Type:Article
Geographic Code:1USA
Date:Aug 12, 1998
Words:268
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