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CS ACQUISITION CORP. ANNOUNCES COMPLETION OF TENDER OFFER FOR CORPORATE SOFTWARE COMMON STOCK

 NEW YORK, Dec. 7 /PRNewswire/ -- CS Acquisition Corp. announced today that its tender offer to purchase for cash all outstanding shares of common stock of Corporate Software Incorporated (NASDAQ-NMS: CSOF) expired at midnight, New York City time, on Dec. 6, 1993, and that approximately 4,402,199 shares had been validly tendered and not withdrawn, representing approximately 70 percent of the outstanding shares, which exceeds the minimum condition. CS Acquisition Corp. stated that it will begin paying for validly tendered shares as soon as practicable. CS Acquisition Corp. also announced that, as contemplated by the Management Subscription Agreement, Software Holdings, Inc., the parent company of CS Acquisition Corp., will acquire from certain members of Corporate Software's management in exchange for an equity investment in Software Holdings a total of 237,759 shares of Corporate Software Common Stock.
 CS Acquisition Corp. was organized by Information Partners, Inc. and Bain Capital, Inc. in cooperation with management of Corporate Software to effect the purchase of all outstanding shares of Corporate Software.
 -0- 12/7/93
 /CONTACT: Neil Call or Jeanne Carr of MacKenzie Partners, 212-929-5500/
 (CSOF)


CO: CS Acquisition Corp.; Corporate Software Incorporated ST: New York IN: CPR SU: OFR

TW-MP -- NY010 -- 1159 12/07/93 09:14 EST
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Publication:PR Newswire
Date:Dec 7, 1993
Words:206
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