Sapient Corp, Cambridge, Massachusetts systems integrator for large organizations, filed with the US Securities & Exchange Commission to go public with an initial offer of 1.3m shares at a target price of $16.00 to $18.00 per share to raise working capital to expand its business; underwriters are Goldman, Sachs & Co and Morgan Stanley & Co.
Unisys Corp, Blue Bell plans to raise $250m with an issue of convertible subordinated notes due 2006 to raise new cash to repay earlier-maturing debt, and for working capital. No coupon or conversion rate was given. Underwriters for the offering will be Merrill Lynch & Co and Bear, Stearns & Co Inc.
