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Short: SCB to acquire Delta Software

SCB Computer Technology announced a agreement to acquire Delta Software Systems, an information technology consulting company based in Memphis, Tennessee. The acquisition will be effected by a tax-free merger of Delta Software. In the merger, 461,500 shares, or 6.6 percent of outstanding SCB common stock valued at $8.4 million will be issued to the shareholders of Delta Software.

SCB Computer Technology announced a agreement to acquire Delta Software Systems, an information technology consulting company based in Memphis, Tennessee. The acquisition will be effected by a tax-free merger of Delta Software. In the merger, 461,500 shares, or 6.6 percent of outstanding SCB common stock valued at $8.4 million will be issued to the shareholders of Delta Software.