UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No.: *
Name of Issuer: NewsEDGE Corporation
Title of Class of Securities: Common Stock, $.01 par value
CUSIP Number: 00065249Q1
(Name, Address and Telephone Number of Person
Authorized To Receive Notices and Communications)
Peter Woodward, c/o Regan Partners, L.P., 6 East 43rd Street
New York, New York 10017; (212) 661-3442
(Date of Event which Requires Filing of this Statement)
October 13, 1998
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this
Schedule 13D, and is filing this schedule because of
Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
CUSIP No.: 00065249Q1
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Regan Partners, L.P.
2. Check the Appropriate Box if a Member of a Group
a.
b. X
3. SEC Use Only
4. Source of Funds
WC
5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
New Jersey
Number of Shares Beneficially Owned by Each Reporting Person
With:
7. Sole Voting Power:
8. Shared Voting Power:
1,755,000
9. Sole Dispositive Power:
10. Shared Dispositive Power:
1,755,000
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,755,000
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares
2
<PAGE>
13. Percent of Class Represented by Amount in Row (11)
10.1%
14. Type of Reporting Person
PN
3
<PAGE>
CUSIP No.: 00065249Q1
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Regan International Fund Limited
2. Check the Appropriate Box if a Member of a Group
a.
b. X
3. SEC Use Only
4. Source of Funds
WC
5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
British Virgin Islands
Number of Shares Beneficially Owned by Each Reporting Person
With:
7. Sole Voting Power:
8. Shared Voting Power:
1,271,400
9. Sole Dispositive Power:
10. Shared Dispositive Power:
1,271,400
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,271,400
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares
4
<PAGE>
13. Percent of Class Represented by Amount in Row (11)
7.3%
14. Type of Reporting Person
PN
5
<PAGE>
CUSIP No.: 00065249Q1
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Regan Fund Management Ltd.
2. Check the Appropriate Box if a Member of a Group
a.
b. X
3. SEC Use Only
4. Source of Funds
WC
5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
New York
Number of Shares Beneficially Owned by Each Reporting Person
With:
7. Sole Voting Power:
8. Shared Voting Power:
1,271,400
9. Sole Dispositive Power:
10. Shared Dispositive Power:
1,271,400
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,271,400
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares
6
<PAGE>
13. Percent of Class Represented by Amount in Row (11)
7.3%
14. Type of Reporting Person
CO
7
<PAGE>
CUSIP No.: 00065249Q1
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Basil P. Regan
2. Check the Appropriate Box if a Member of a Group
a.
b. X
3. SEC Use Only
4. Source of Funds
WC
5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
United States of America
Number of Shares Beneficially Owned by Each Reporting Person
With:
7. Sole Voting Power:
439,700
8. Shared Voting Power:
3,026,400
9. Sole Dispositive Power:
439,700
10. Shared Dispositive Power:
3,026,400
11. Aggregate Amount Beneficially Owned by Each Reporting Person
3,466,100
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares
8
<PAGE>
13. Percent of Class Represented by Amount in Row (11)
19.9%
14. Type of Reporting Person
IN
9
<PAGE>
The purpose of this Schedule 13D is to report the ownership of
Regan Partners, L.P. (the "Partnership"), Regan International
Fund Limited (the "International Fund"), Regan Fund Management
Ltd. (the "Investment Manager"), and Basil P. Regan (together
with the Partnership, the International Fund and the Investment
Manager, the "Reporting Persons") in the Common Stock, $.01 par
value (the "Shares"), of NewsEDGE Corporation (the "Issuer").
The Partnership owns 10.1%; the International Fund owns and the
Investment Manager is deemed to beneficially own 7.3%; and
Basil P. Regan is deemed to beneficially own 19.9% of the Shares
outstanding.
Item 1. Security and Issuer
The title of the class of equity securities to which
this statement relates is: Common Stock, $0.01 par
value, in NewsEDGE Corporation.
The name and address of the principal executive and
business office of the Issuer is:
NewsEDGE Corporation
80 Blanchard Road
Burlington, Massachusetts 01083
Item 2. Identity and Background
This statement is being filed on behalf of Regan
Partners, L.P., Regan International Fund Limited, Regan
Fund Management Ltd. and Basil P. Regan. Mr. Regan is
the general partner of the Partnership, a New Jersey
limited partnership, and is the principal of Regan Fund
Management Ltd., a New York corporation. Regan Fund
Management Ltd. is the investment manager of the
International Fund, a British Virgin Islands
Corporation, and has investment discretion over certain
managed accounts (the "managed account"). The address
for Regan Partners, L.P., Regan Fund Management Ltd. and
Basil P. Regan is 6 East 43rd Street, New York, New York
10017. The address for Regan International Fund Limited
is c/o HWR Services Limited, P.O. Box 71, Craigmuir
Chambers, Road Town, Tortola, British Virgin Islands.
None of the Reporting Persons has, during the last five
years, been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors).
None of the Reporting Persons has, during the last five
years, been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction which
resulted in a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating
10
<PAGE>
activities subject to, federal or state securities laws
or finding any violations with respect to such laws.
Basil P. Regan is a citizen of the United States of
America.
Item 3. Source and Amount of Funds or Other Consideration
As of the date hereof, the Partnership owns 1,755,000
Shares; the International Fund owns and the Investment
Manager is deemed to beneficially own 1,271,400 Shares;
and Basil P. Regan is deemed to beneficially own
3,466,100 Shares. All 3,466,100 Shares are held by
either the Partnership, the International Fund and the
Investment Manager, Basil P. Regan or the managed
account.
All of the Shares were purchased in open market
transactions. The Shares owned by the Partnership were
purchased for an aggregate purchase price of
$11,315,492. The Shares owned by the International Fund
and beneficially owned by the Investment Manager were
purchased for an aggregate purchase price of $9,258,251.
The Shares beneficially owned by Basil P. Regan were
purchased for an aggregate purchase price of $3,568,233.
The funds for the purchase of the Shares held in the
Partnership, the International Fund and the Investment
Manager, Basil P. Regan or the managed account have come
from the working capital of the Partnership, the
International Fund and the Investment Manager, Basil P.
Regan or the managed account. No funds were borrowed to
purchase any of the Shares.
Item 4. Purpose of Transactions
The Shares deemed to be beneficially owned by the
Reporting Persons were acquired for, and are being held
for, investment purposes. The Reporting Persons have no
plan or proposal which relates to, or would result in,
any of the actions enumerated in Item 4 of the
instructions to Schedule 13D.
Item 5. Interest in Securities of Issuer
As of the date hereof, the Partnership owns 1,755,000
Shares, the International Fund owns and the Investment
Manager is deemed to beneficially own 1,271,400 Shares
and Basil P. Regan is deemed to be the beneficial owner
of 3,466,100 Shares. Based on the Issuer's filing on
Form 10-Q on August 14, 1998. as of July 31, 1998 there
11
<PAGE>
were 17,382,065 Shares outstanding. Therefore, the
Partnership owns 10.1%; the International Fund owns and
the Investment Manager is deemed to beneficially own
7.3%; and Basil P. Regan is deemed to beneficially own
19.9% of the outstanding Shares. The Reporting Persons
have the sole or shared power to vote, direct the vote,
dispose of or direct the disposition of all the Shares
that they are deemed to beneficially own. All
transactions in the Shares effected by the Reporting
Persons during the sixty days prior to October 13, 1998
were effected in open-market transactions and are set
forth in Exhibit B hereto.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer
The Reporting Persons have no contract, arrangement,
understanding or relationship with any person with
respect to the Shares.
Item 7. Material to be Filed as Exhibits
1. An agreement relating to the filing of a joint
statement as required by Rule 13d-1(f) under
the Securities Exchange Act of 1934 is filed
herewith as Exhibit A.
2. A description of the transactions in the
Shares that were effected by the Reporting
Persons during the 60 days prior to
October 13, 1998 is filed herewith as
Exhibit B.
12
<PAGE>
Signature
The undersigned, after reasonable inquiry and to
the best of their knowledge and belief, certify that the
information set forth in this statement is true, complete
and correct.
REGAN PARTNERS, L.P.
By: /s/ Basil P. Regan
_______________________________
Basil P. Regan, General Partner
REGAN INTERNATIONAL FUND LIMITED
By: Regan Fund Management Ltd.
By: /s/ Basil P. Regan
_______________________________
Basil P. Regan, President
REGAN FUND MANAGEMENT LTD.
By: /s/ Basil P. Regan
_______________________________
Basil P. Regan, President
/s/ Basil P. Regan
_______________________________
Basil P. Regan
October 13, 1998
13
<PAGE>
AGREEMENT
The undersigned agree that this Schedule 13D dated
October 13, 1998 relating to the Common Stock of NewsEDGE
Corporation shall be filed on behalf of the undersigned.
REGAN PARTNERS, L.P.
By: /s/ Basil P. Regan
_______________________________
Basil P. Regan, General Partner
REGAN INTERNATIONAL FUND LIMITED
By: Regan Fund Management Ltd.
By: /s/ Basil P. Regan
_______________________________
Basil P. Regan, President
REGAN FUND MANAGEMENT LTD.
By: /s/ Basil P. Regan
_______________________________
Basil P. Regan, President
/s/ Basil P. Regan
_______________________________
Basil P. Regan
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<PAGE>
Exhibit B
SCHEDULE OF TRANSACTIONS - the International Fund
and the Investment Manager
Price Per Share
Date Shares Purchased or (Sold) (excluding commission)
____ __________________________ _____________________
8/14/98 25,000 $6.878
8/17/98 25,000 7.000
8/18/98 25,000 7.0625
8/19/98 25,000 7.073
8/20/98 25,000 7.975
8/21/98 10,500 8.226
8/25/98 15,000 8.625
8/27/98 15,800 7.885
8/28/98 10,000 8.199
8/31/98 13,000 7.615
9/1/98 10,000 6.500
9/1/98 10,000 6.109
9/1/98 20,000 6.820
9/1/98 10,000 6.750
9/2/98 10,000 7.069
9/3/98 10,000 7.1875
9/4/98 10,000 7.000
9/8/98 10,000 7.716
9/8/98 10,000 7.629
9/8/98 10,000 7.500
9/8/98 6,200 7.3125
9/9/98 10,000 8.9375
9/10/98 10,000 7.528
9/10/98 10,000 7.888
9/11/98 4,100 7.518
9/15/98 5,000 7.500
9/18/98 3,000 7.917
9/21/98 7,000 7.8125
9/21/98 10,000 8.155
9/22/98 10,900 8.250
9/25/98 20,000 7.750
9/28/98 10,000 8.4375
9/29/98 10,000 8.250
9/29/98 7,000 8.250
9/30/98 10,000 8.250
9/30/98 10,000 8.4375
9/30/98 10,000 8.413
9/30/98 10,000 8.258
9/30/98 10,000 8.500
9/30/98 10,000 8.500
9/30/98 10,000 8.541
9/30/98 10,000 8.625
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<PAGE>
Exhibit B
SCHEDULE OF TRANSACTIONS - the International Fund
and the Investment Manager
Price Per Share
Date Shares Purchased or (Sold) (excluding commission)
____ __________________________ _____________________
10/5/98 10,000 7.125
10/6/98 4,400 6.000
10/7/98 20,000 4.329
10/8/98 10,000 4.9375
10/9/98 10,000 5.25
16
<PAGE>
Exhibit B
SCHEDULE OF TRANSACTIONS - the Partnership
Price Per Share
Date Shares Purchased or (Sold) (excluding commission)
____ __________________________ _____________________
8/28/98 10,000 7.988
8/31/98 15,000 7.750
9/1/98 10,000 6.375
9/1/98 10,000 6.888
9/2/98 10,000 7.375
9/9/98 10,000 8.101
9/11/98 10,000 7.750
9/15/98 15,000 7.750
9/16/98 10,000 8.018
9/28/98 15,000 8.250
9/30/98 10,000 8.331
9/30/98 10,000 8.575
9/30/98 10,000 8.625
10/1/98 1,500 7.8125
10/5/98 10,000 6.858
10/6/98 10,000 5.875
10/7/98 20,000 4.081
10/8/98 10,000 5.120
10/8/98 10,000 5.500
10/9/98 10,000 5.250
10/12/98 3,500 5.250
10/12/98 10,000 5.250
10/13/98 10,000 5.250
17
<PAGE>
Exhibit B
SCHEDULE OF TRANSACTIONS - Basil P. Regan
Price Per Share
Date Shares Purchased or (Sold) (excluding commission)
____ __________________________ _____________________
8/14/98 25,000 6.878
8/17/98 25,000 7.000
8/18/98 25,000 7.0625
8/19/98 25,000 7.073
8/20/98 25,000 7.975
8/21/98 10,500 8.226
8/25/98 15,000 8.625
8/27/98 15,800 7.885
8/28/98 10,000 7.988
8/28/98 10,000 8.199
8/31/98 13,000 7.615
8/31/98 15,000 7.750
9/1/98 10,000 6.375
9/1/98 10,000 6.888
9/1/98 10,000 6.500
9/1/98 10,000 6.109
9/1/98 20,000 6.820
9/1/98 10,000 6.750
9/2/98 10,000 7.375
9/2/98 10,000 7.069
9/3/98 10,000 7.1875
9/4/98 10,000 7.000
9/8/98 10,000 7.716
9/8/98 10,000 7.629
9/8/98 10,000 7.500
9/8/98 6,200 7.3125
9/9/98 10,000 8.101
9/9/98 10,000 8.9375
9/10/98 10,000 7.528
9/10/98 10,000 7.888
9/11/98 10,000 7.750
9/11/98 4,100 7.518
9/15/98 15,000 7.750
9/15/98 5,000 7.500
9/16/98 10,000 8.018
9/18/98 3,000 7.917
9/21/98 7,000 7.8125
9/21/98 10,000 8.155
9/22/98 10,900 8.250
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<PAGE>
Exhibit B
SCHEDULE OF TRANSACTIONS - Basil P. Regan
Price Per Share
Date Shares Purchased or (Sold) (excluding commission)
____ __________________________ _____________________
9/24/98 7,800 $7.625
9/25/98 20,000 7.750
9/28/98 15,000 8.250
9/28/98 10,000 8.4375
9/29/98 10,000 8.250
9/29/98 7,000 8.250
9/30/98 10,000 8.331
9/30/98 10,000 8.575
9/30/98 10,000 8.625
9/30/98 10,000 8.250
9/30/98 10,000 8.4375
9/30/98 10,000 8.413
9/30/98 10,000 8.258
9/30/98 10,000 8.500
9/30/98 10,000 8.500
9/30/98 10,000 8.541
9/30/98 10,000 8.625
10/2/98 8,500 7.875
10/9/98 10,000 5.436
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01394002.AM1
