WAYNE, Pa., Jan. 6 /PRNewswire/ -- Safeguard Scientifics, Inc.
(NYSE:SFE), the New York Stock Exchange listed strategic information systems
company, announced today that it is proposing to distribute to its
shareholders rights to purchase common shares of DocuCorp International. The
rights offering will be made on the basis of one share of DocuCorp common
stock for each five shares of Safeguard common stock owned, and will be
subject to a 20 share minimum purchase requirement. Any distribution will be
subject to a registration statement to be filed with the Securities and
Exchange Commission, and the offering will be made only by means of a
prospectus. Safeguard anticipates commencing the offering in the first
quarter 1998.
Dallas-based DocuCorp was created by the May 1997 merger of Image Sciences
and FormMaker Software. DocuCorp is a leading provider of software products,
professional services, and outsourcing for mission-critical document
automation solutions to the insurance, utility, and other information-
dependent industries. DocuCorp automates multi-platform, high-volume
publishing of strategic documents (such as billing statements and insurance
policies) for both print and electronic applications, archival media, and
electronic document delivery, including the Internet. DocuCorp software
supports leading hardware platforms, operating systems, printers, imaging
systems, and mailer/finishing systems. |
