IBM Receives European Commission Clearance on ILOG Acquisition and Announces Timetable for Tender Offer in France
November 12 2008 - 4:17PM
Marketwired
IBM (NYSE: IBM) and ILOG (NASDAQ: ILOG) (Euronext: ILO) (ISIN:
FR0004042364) today announced that they have been informed of the
European Commission's decision, dated November 10, 2008, to approve
the proposed acquisition of ILOG by IBM. The antitrust review
process in the United States was successfully completed on August
15, 2008, prior to the commencement of the tender offers in France
and the United States. Therefore, the condition regarding receipt
of all necessary antitrust clearances, approvals and decisions from
the European Union has been fulfilled and there are no remaining
regulatory approvals or conditions to which the tender offers are
subject other than the minimum tender condition of 66.67% as set
forth in the tender offer documents.
In compliance with the timetable published today by the French
Autorit� des march�s financiers (AMF), the tender offer in France
will expire on November 24, 2008. The tender offer in the United
States will be extended accordingly.
For additional information about the tender offers or to obtain
French or English versions of the tender offer materials, please
visit
http://www-01.ibm.com/software/websphere/ilog_investor_confirmation.html
or http://www.ilog.com.
ABOUT ILOG
ILOG delivers software and services that empower customers to
make better decisions faster and manage change and complexity. Over
3,000 corporations and more than 465 leading software vendors rely
on ILOG's market-leading business rule management systems (BRMS),
supply chain applications as well as its optimization and
visualization software components, to achieve dramatic returns on
investment, create market-defining products and services, and
sharpen their competitive edge. ILOG was founded in 1987 and
employs more than 850 people worldwide. For more information,
please visit http://www.ilog.com.
ABOUT IBM
For more information on IBM visit: http://www.ibm.com/soa
Forward-looking Statements
The French Offer and the U.S. Offer (the "Offers") are not being
made nor will any tender of securities be accepted from or on
behalf of holders in any jurisdiction in which the making of the
Offers or the acceptance of any tender of securities therein would
not be made in compliance with laws of such jurisdiction.
This press release contains forward-looking statements. These
statements are not guarantees of future performance and are subject
to inherent risks and uncertainties including with respect to the
factors that may affect the completion of the acquisition.
Forward-looking statements may be identified by the fact that they
do not relate strictly to historical or current facts and include,
without limitation, words such as "may," "will," "expects,"
"believes," "anticipates," "plans," "intends," "estimates,"
"projects," "forecasts," "seeks," "could," "should," or the
negative of such terms, and other variations on such terms or
comparable terminology.
Forward-looking statements include, but are not limited to,
statements about the expected future business of ILOG S.A.
resulting from and following the Offers and the successful
completion of the transaction. These statements reflect IBM's,
CITLOI S.A.S.'s and ILOG S.A.'s managements' current expectations,
based upon information currently available to them and are subject
to various assumptions, as well as risks and uncertainties that may
be outside of their control. Actual results could differ materially
from those expressed or implied in such forward-looking statements.
Any such forward-looking statements speak only as of the date on
which they are made and IBM, CITLOI S.A.S. and ILOG S.A. shall be
under no obligation to (and expressly disclaim any such obligation
to) update or alter such forward-looking statements whether as a
result of a new information, future events or otherwise, except to
the extent legally required.
Additional Information
This press release is for informational purposes only and is not
an offer to buy or a solicitation of an offer to sell any
securities of ILOG S.A. The terms and conditions of the U.S. Offer
are set forth in the U.S. Offer to Purchase dated October 14, 2008
and the related documentation, as amended, that IBM and its
subsidiary, CITLOI S.A.S., filed with the U.S. Securities and
Exchange Commission (the "Commission") on Schedule TO and the
solicitation/recommendation statement on Schedule 14D-9, as
amended, that ILOG S.A. filed with the Commission. The terms and
conditions of the French Offer are set forth in the Note
d'Information, as amended, that IBM and its subsidiary, CITLOI
S.A.S., filed with the French Autorit� des march�s financiers (the
"AMF") and the Note en R�ponse, as amended, that ILOG S.A. filed
with the AMF. The AMF granted its visa on the Note d'Information
and the Note en R�ponse on September 12, 2008. CITLOI S.A.S. and
ILOG S.A. have also made publicly available documents supplementing
the Note d'Information and the Note en R�ponse, respectively, which
provide additional legal, financial and accounting information on
these entities.
ILOG securityholders and other investors in the U.S. Offer are
urged to read carefully the U.S. Offer to Purchase and the related
documentation on Schedule TO (as updated and amended) filed by IBM
and CITLOI S.A.S. and the solicitation/recommendation statement on
Schedule 14D-9 (as updated and amended) filed by ILOG S.A because
these documents contain important information. ILOG securityholders
and other investors in the French Offer are urged to read carefully
the Note d'Information (as updated and amended) filed by IBM and
CITLOI S.A.S. and the Note en R�ponse (as updated and amended)
filed by ILOG S.A. because these documents contain important
information.
ILOG securityholders and other investors can obtain copies of
these tender offer materials and any other documents filed with the
Commission from the Commission's website (www.sec.gov) and with the
AMF from the AMF's website (www.amf-france.org), in both cases
without charge. Such materials filed by IBM and CITLOI S.A.S., and
ILOG S.A. will also be available for free at IBM's website
(www.ibm.com), and at ILOG S.A.'s website (www.ilog.com),
respectively.
Questions and requests for assistance may be directed to
Georgeson Inc., the information agent (the "Information Agent")
(199 Water Street, 26th Floor New York, NY 10038-3650; U.S. Toll
Free Number for holders of ILOG securities in the United States:
(800) 334-9405; U.S. Number for banks and brokers: (212) 440-9800;
European Toll Free Number: 00800 10 20 10 80) or UBS Securities
LLC, the dealer manager for the U.S. Offer (the "Dealer Manager")
(1999 Avenue of the Stars, Suite 3400, Los Angeles, California
90067; (877) 566-3332). You may also contact your broker, dealer,
commercial bank, trust company or other nominee for assistance
concerning the U.S. Offer. None of IBM or CITLOI S.A.S. will pay
any fees or commissions to any broker or dealer or any other person
(other than the Information Agent and the Dealer Manager) for
soliciting tenders of ILOG securities pursuant to the U.S.
Offer.
ILOG securityholders and other investors are urged to read
carefully all tender offer materials prior to making any decisions
with respect to the Offers.
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Contact(s) information: Chris Rubsamen IBM Media Relations (914)
766-1803 rubsamen@us.ibm.com Susan Peters ILOG Corporate
Communications (408) 991-7109 speters@ilog.com
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