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Lacerte Software Corp

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May 19, 1998 | From Bloomberg News
Intuit Inc. on Monday reported better-than-expected fiscal third-quarter earnings and said it has agreed to buy closely held Lacerte Software Corp. plus a related services company for $400 million in cash. Intuit, maker of the popular Quicken personal finance software program, said it will conduct a public stock offering of 8.4 million shares of common stock to pay for the purchase. The offering is being managed by Deutsche Morgan Grenfell Inc. and Morgan Stanley, Dean Witter, Discover & Co.
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BUSINESS
May 19, 1998 | From Bloomberg News
Intuit Inc. on Monday reported better-than-expected fiscal third-quarter earnings and said it has agreed to buy closely held Lacerte Software Corp. plus a related services company for $400 million in cash. Intuit, maker of the popular Quicken personal finance software program, said it will conduct a public stock offering of 8.4 million shares of common stock to pay for the purchase. The offering is being managed by Deutsche Morgan Grenfell Inc. and Morgan Stanley, Dean Witter, Discover & Co.
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