Fundtech [Nasdaq/ FNDT] (formerly FNDTF) Message Board

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Technology Stocks : Fundtech [Nasdaq/ FNDT] (formerly FNDTF)

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To: Claude Edelson who wrote (39)	4/30/1999 12:46:00 PM
From: pat mudge	Read Replies (2) of 172

This explains recent action: >>>> April 30, 1999 Fundtech 2.9 Million Shares Priced At $35 Each Dow Jones Newswires NEW YORK -- An offering of 2.9 million common shares of Fundtech Ltd. (FNDTF) was priced at $35 each through underwriters led by BancBoston Robertson Stephens. The size of the offering was increased from the originally planned 2.5 million shares. Gross spread is $2.10, selling concession is $1.26 and reallowance is 10 cents. Delivery is scheduled for May 5. Proceeds from the offering are expected to be used to fund product and service growth, the expansion of worldwide sales channels, general corporate purposes and possible acquisitions. >>>>>

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