SCT to redeem 5% convertibles

New York, Dec. 10 - Systems & Computer Technology Corp. said it will redeem its 5% convertible subordinated debentures due Oct. 15, 2004.

The company has $31.99 million of the securities outstanding.

The Malvern, Pa., provider of e-education technology solutions for institutions said the redemption will be at par. Further details will be released shortly.

Also Wednesday, SCT and SunGard Data Systems Inc. announced that SunGard will acquire SCT for $16.50 per share in cash for a total value of $584 million.

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