Infogroup Stockholders Approve Merger with CCMP Capital
June 29 2010 - 10:47AM
Business Wire
Infogroup (NASDAQ: IUSA) (“Infogroup” or the “Company”) today
announced that at today’s Special Meeting, the Company’s
stockholders approved the merger with CCMP Capital Advisors, LLC
(“CCMP”) under which affiliates of CCMP will acquire Infogroup for
$8.00 per share in cash. The transaction will close promptly after
the satisfaction of certain remaining conditions, which is
anticipated to occur on July 1, 2010.
Gary Morin, Chairman of the M&A Committee of Infogroup’s
Board of Directors, said, "The Infogroup Board of Directors and
management team have worked diligently to advance the best
interests of all of the Company's stockholders, and we are pleased
that stockholders have supported our recommendation. The Board is
also grateful to the talented and committed employees of Infogroup,
who have worked so hard throughout this process."
About Infogroup
infoGROUP, Inc. (NASDAQ: IUSA) is the leading provider of data
and interactive resources that enables targeted sales, effective
marketing and insightful research solutions. Our information powers
innovative tools and insight for businesses to efficiently reach
current and future customers through multiple channels, including
the world’s most dominant and powerful Internet search engines and
GPS navigation systems. Infogroup’s headquarters are located at
5711 South 86th Circle, Omaha, NE 68127. For more information, call
(402) 593-4500 or visit www.Infogroup.com.
Additional Information
In connection with the Merger, infoGROUP has filed a definitive
proxy statement and other relevant documents concerning the
transaction with the SEC. STOCKHOLDERS OF infoGROUP ARE URGED TO
READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED
WITH THE SEC BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Investors
and security holders can obtain free copies of the definitive proxy
statement and other documents in the SEC’s public reference room
located at 100 F Street, N.E., Room 1580, Washington, D.C. 20549.
Please call the SEC at 1 800 SEC 0330 for further information on
the public reference room. Copies of the definitive proxy statement
and other documents infoGROUP files with the SEC may also be
obtained by mail, upon payment of the SEC’s customary fees, by
writing to the SEC’s principal office at 100 F Street, NE,
Washington D.C. 20549. Our SEC filings, including the definitive
proxy statement, are also available to the public, free of charge,
at the SEC’s website at http://www.sec.gov. You also may obtain
free copies of the documents infoGROUP files with the SEC by going
to the “Financial Information” subsection of our “Investors
Relations” section of our website at
http://ir.infogroup.com/sec.cfm. Our website address is provided as
an inactive textual reference only. Information regarding the
identity of the persons who may, under SEC rules, be deemed to be
participants in the solicitation of stockholders of infoGROUP in
connection with the transaction, and their interests in the
solicitation, is set forth in the definitive proxy statement that
was filed by infoGROUP with the SEC on May 28, 2010.
Forward-Looking Statements
This release includes forward-looking statements.
Forward-looking statements include statements containing words such
as “believes,” “estimates,” “anticipates,” “continues,”
“contemplates,” “expects,” “may,” “will,” “could,” “should” or
“would” or other similar words or phrases. Statements also include
statements pertaining to: the future of the operating environment
in the Company’s industry, the implications of current financial
performance on future results and the ability of the Company to
meet its future forecasts. These statements, which are based on
information currently available to us, are not guarantees of future
performance and may involve risks and uncertainties that could
cause our actual growth, results of operations, performance and
business prospects, and opportunities to materially differ from
those expressed in, or implied by, these statements. These
forward-looking statements speak only as of the date on which the
statements were made and we expressly disclaim any obligation to
release publicly any updates or revisions to any forward-looking
statement included in this document or elsewhere. These statements
are subject to risks, uncertainties, and other factors, including,
among others:
- the occurrence of any event,
change or other circumstances that could give rise to the
termination of the Merger Agreement;
- the inability to complete the
Merger due to the failure to obtain stockholder approval or the
failure to satisfy other conditions to consummation of the
Merger;
- the failure of CCMP to obtain
the necessary debt or equity financing;
- the failure of the Merger to
close for any other reason;
- that the proposed transaction
disrupts current plans and operations and the potential
difficulties in employee retention as a result of the Merger;
- the effect of the announcement
of the Merger on our customer relationships, operating results and
business generally;
- the ability to recognize the
benefits of the Merger;
- the amount of the costs, fees,
expenses and charges related to the Merger;
and other risks detailed in our current filings with the SEC,
including our most recent filings on Forms 10-Q and 10-K. Many of
the factors that will determine our future results are beyond our
ability to control or predict. In light of the significant
uncertainties inherent in the forward-looking statements contained
herein, readers should not place undue reliance on forward-looking
statements, which reflect management’s views only as of the date
hereof. We cannot guarantee any future results, levels of activity,
performance or achievements. The statements made in this release
represent our views as of the date hereof, and it should not be
assumed that the statements made herein remain accurate as of any
future date. Moreover, we assume no obligation to update
forward-looking statements or update the reasons that actual
results could differ materially from those anticipated in
forward-looking statements, except as required by law.
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