WASHINGTON, June 1 (Reuters) - CheckFree Holdings Corp.,
which provides electronic billing and payment services, filed
with the Securities and Exchange Commission on Tuesday to offer
3.5 million common shares.
Of the total, 2.35 million shares will be sold by the
company and 1.15 million will be offered by shareholders, the
company, based in Norcross, Ga., said.
The underwriters have been granted a 30-day over-allotment
option to purchase up to 525,000 additional common shares. The
offering will be made through Merrill Lynch & Co., BT Alex.
Brown, Hambrecht & Quist and U.S. Bancorp Piper Jaffray.
After the offering, outstanding common will total
54,481,767 shares.
Net proceeds will be used for working capital and general
corporate purposes, including expansion of services to a
broader market and potential acquisitions, CheckFree said.
REUTERS
Rtr 09:53 06-01-99
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