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CAMBRIDGE TECHNOLOGY PARTNERS, INC. AND SAFEGUARD SCIENTIFICS, INC. OFFER 2,600,000 SHARES OF COMMON STOCK

 CAMBRIDGE, Mass., April 9 /PRNewswire/ -- Cambridge Technology Partners, Inc. and Safeguard Scientifics, Inc. today announced the commencement of a public offering of approximately 2,600,000 shares of Common Stock. 800,000 shares of Common Stock will be sold by Cambridge Technology Partners and the remainder will be sold by Safeguard Scientifics, Inc., one of the companies principal stockholders. The shares of common stock are being offered pursuant to Rights distributed to the record holders on April 8, 1993 of outstanding Safeguard common shares. Each Right entitles the holder to purchase, at a price of $5, one share of Common Stock for every two Safeguard common shares owned by the holder. The Rights will expire at 5 p.m. E.D.T. on May 13, 1993.
 Shares of Common Stock not purchased upon the exercise of Rights, subject to certain conditions, will be purchased by Tucker Anthony Incorporated, the standby underwriter for this offering, and offered to the public.
 The net proceeds to Cambridge Technology Partners from the offering will be used to repay bank indebtedness, working capital, and general corporate purposes.
 Cambridge Technology Partners provides information technology consulting and software development services to organizations with large-scale information processing and distribution needs, that are utilizing or migrating to open systems computing environments. Corporate Headquarters are located at 304 Vassar Street, Cambridge, Mass., 02139.
 Copies of the prospectus relating to this offering may be obtained from Corporate Investor Communications, Processing Department, 111 Commerce Road, Carlstadt, N.J. 07072 or Tucker Anthony Incorporated, One Beacon Street, Boston, Mass., 02108.
 -0- 4/9/93
 /CONTACT: Arthur M. Toscanini of Cambridge Technology Partners, 617- 374-9800/


CO: Cambridge Technology Partners, Inc. ST: Massachusetts IN: CPR SU: OFR

DH -- NE001 -- 4500 04/09/93 08:00 EDT
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Publication:PR Newswire
Date:Apr 9, 1993
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