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STERLING SOFTWARE REGISTERS WITH SEC TO OFFER 2 MILLION SHARES OF COMMON STOCK

 STERLING SOFTWARE REGISTERS WITH SEC
 TO OFFER 2 MILLION SHARES OF COMMON STOCK
 DALLAS, April 13 /PRNewswire/ -- Sterling Software, Inc. (NYSE: SSW) announced today that it has filed a registration statement for an underwritten offering of two million shares of the company's common stock. Alex. Brown & Sons and Bear, Stearns & Co. will act as managing underwriters of the offering. The two million shares will all be sold by the company. No shareholders are selling shares in the offering.
 The company plans to use the net proceeds from the offering for working capital or other general corporate purposes, including possible redemption or repurchase of the company's 8 percent convertible senior subordinated debentures or business or product acquisitions. Following consummation of this offering, the company will consider market factors in determining whether to redeem all or a portion of the debentures. The company has no material acquisitions pending.
 A registration statement relating to these securities was filed today with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Sterling Software, headquartered in Dallas, specializes in EDI, systems software and in professional services to the U.S. government.
 Written or telephone request for a copy of a written prospectus with respect to the offering should be directed to: Betty Feezor, Sterling Software, Inc., 8080 N. Central Expressway, Suite 1100, Dallas, Texas 75206, telephone 214-891-8600.
 -0- 4/13/92
 /CONTACT: Betty Feezor of Sterling Software, Inc., 214-891-8600/
 (SSW) CO: Sterling Software Inc. ST: Texas IN: CPR SU: OFR


AH -- NY035 -- 7662 04/13/92 10:39 EDT
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Publication:PR Newswire
Date:Apr 13, 1992
Words:328
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