RABBIT SOFTWARE <RABT> TO MERGE WITH CTI DATA
Rabbit Software Corp said it
agreed in principle to merge with <CTI Data Inc>, a privately
owned communications company.
    According to terms, CTI holders and employees will receive
200,000 shares of Rabbit stock and royalties on sales of CTI
Products. CTI will become a wholly owned subsidiary of Rabbit.
    The deal is subject to completion of a definitive merger
agreement, receipt of third party approvals and other
conditions, the company said.
 Reuter
