Equifax and TALX Announce Election Deadline in Connection With Proposed Acquisition
May 07 2007 - 5:44PM
PR Newswire (US)
ATLANTA and ST. LOUIS, May 7 /PRNewswire-FirstCall/ -- Equifax Inc.
(NYSE:EFX) and TALX Corporation (NASDAQ:TALX) jointly announced
today that May 14, 2007 has been set as the deadline to make an
election with respect to the type of merger consideration received
by shareholders in connection with Equifax's proposed acquisition
of TALX. Completion of the acquisition is subject to customary
closing conditions and approval of TALX shareholders. (Logo:
http://www.newscom.com/cgi-bin/prnh/20060224/CLF037LOGO ) TALX
shareholders wishing to make an election regarding the
consideration they would like to receive for their TALX shares must
deliver to Computershare Investor Services, LLC, the exchange
agent, a properly completed Election Form by 5:00 p.m. Eastern time
on Monday, May 14, 2007, the election deadline. TALX shareholders
may elect to receive cash, shares of Equifax common stock or a
combination of cash and Equifax common stock for their TALX shares.
Subject to the merger agreement, all elections are subject to
proration so that 75 percent of the outstanding shares of TALX
common stock are converted into shares of Equifax common stock, and
the remaining 25 percent of the outstanding shares of TALX common
stock are converted into cash. As a result, a TALX shareholder may
receive cash or shares of Equifax common stock for greater or fewer
TALX shares than specified in the Election Form, and the ability of
a TALX shareholder to receive the form of consideration elected
will depend on the elections made by other TALX shareholders. TALX
shareholders who do not properly deliver an Election Form to
Computershare Investor Services, LLC (at the address specified in
the Election Form) prior to the election deadline will forfeit the
right to elect the form of consideration they would like to receive
and will have no control over the type of merger consideration they
receive. If the acquisition is completed, such non-electing
shareholders will be allocated Equifax stock and/or cash depending
on the elections made by other TALX shareholders using the
proration adjustment. A properly completed Election Form will be
effective for the lesser of the number of shares held by such
shareholder either on the election deadline or on the effective
date of the merger. If shareholders make a proper election and
subsequently transfer some or all of their shares of TALX common
stock prior to the effective date of the merger, the Election Form
will not be effective as to the transferred shares of TALX common
stock and the new owner must file his or her own Election Form
prior to the election deadline. If the new owner fails to file his
or her own Election Form prior to the election deadline, the new
owner will be deemed to have made a non-election. If a TALX
shareholder purchases additional shares of TALX common stock after
returning his or her Election Form to the exchange agent, such
shareholder will need to file a new Election Form prior to the
election deadline to cover all of his or her shares, including such
additional shares. TALX shareholders may obtain additional copies
of the Election Form by contacting Computershare Investor Services,
LLC at 800-245-7630. About Equifax (http://www.equifax.com/)
Equifax empowers businesses and consumers with information they can
trust. A global leader in information solutions, we leverage one of
the largest sources of consumer and commercial data, along with
advanced analytics and proprietary technology, to create customized
insights that enrich both the performance of businesses and the
lives of consumers. Customers have trusted Equifax for over 100
years to deliver innovative solutions with the highest integrity
and reliability. Businesses - large and small - rely on us for
consumer and business credit intelligence, portfolio management,
fraud detection, decisioning technology, marketing tools, and much
more. We empower individual consumers to manage their personal
credit information, protect their identity, and maximize their
financial well-being. Headquartered in Atlanta, Georgia, Equifax
Inc. employs approximately 5,000 people in 14 countries through
North America, Latin America and Europe. Equifax is a member of
Standard & Poor's (S&P) 500(R) Index. Our common stock is
traded on the New York Stock Exchange under the symbol EFX. About
TALX TALX Corporation, based in St. Louis, Missouri, is a leading
provider of human resource and payroll-related services and holds a
leadership position in automated employment and income verification
as well as unemployment tax management. TALX provides over 9,000
clients, including three-fourths of Fortune 500 companies, with
Web-based services focused in three employment- related areas:
hiring, pay reporting, and compliance. Hiring services include
assessments and talent management, paperless new hires, and tax
credits and incentives. Pay reporting services include electronic
time tracking, paperless pay, and W-2 management. Compliance
services include employment and income verifications through The
Work Number, unemployment tax management, and I-9 management. The
company's common stock trades in the Nasdaq Global Select Market
under the symbol TALX. For more information about TALX Corporation,
call 314-214-7000 or access the company's Web site at
http://www.talx.com/. Additional Information and Where to Find It
In connection with the proposed transaction, Equifax, Inc.
("Equifax") has filed a registration statement on Form S-4
(Registration No. 333-141389) containing a proxy
statement/prospectus of Equifax and TALX Corporation ("TALX") with
the SEC, which was declared effective on April 9, 2007. Equifax and
TALX shareholders are encouraged to read the registration statement
and any other relevant documents filed with the SEC, including the
proxy statement/prospectus because they contain important
information about Equifax, TALX and the proposed transaction. The
final proxy statement/prospectus will be mailed to shareholders of
TALX. Investors and security holders will be able to obtain free
copies of the registration statement and proxy statement/prospectus
(when available) as well as other filed documents containing
information about Equifax and TALX, without charge, at the SEC's
web site (http://www.sec.gov/). Free copies of Equifax's SEC
filings are also available on Equifax's website
(http://www.equifax.com/) and free copies of TALX's SEC filings are
also available on TALX's website (http://www.talx.com/). Free
copies of Equifax's filings also may be obtained by directing a
request to Equifax, Investor Relations, by phone to (404) 885-8000,
in writing to Jeff Dodge, Vice President-Investor Relations, or by
email to . Free copies of TALX's filings may be obtained by
directing a request to TALX Investor Relations, by phone to (314)
214-7252, in writing to Janine A. Orf, Director of Finance, or by
email to . This communication shall not constitute an offer to sell
or the solicitation of an offer to buy securities, nor shall there
be any sale of securities in any jurisdiction in which such
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction.
Participants in the Solicitation Equifax, TALX and their respective
directors and executive officers may be deemed, under SEC rules, to
be participants in the solicitation of proxies from TALX's
shareholders with respect to the proposed transaction. Information
regarding the directors and executive officers of Equifax is
included in its definitive proxy statement for its 2007 Annual
Meeting of Shareholders filed with the SEC on March 30, 2007.
Information regarding the directors and officers of TALX is
included in the definitive proxy statement for TALX's 2006 Annual
Meeting of Shareholders filed with the SEC on July 24, 2006. More
detailed information regarding the identity of potential
participants, and their direct or indirect interests, by securities
holdings or otherwise, is set forth in the registration statement
and proxy statement/prospectus and other materials filed with the
SEC in connection with the proposed transaction.
http://www.newscom.com/cgi-bin/prnh/20060224/CLF037LOGO
http://photoarchive.ap.org/ DATASOURCE: Equifax Inc. CONTACT: Jeff
Dodge of Equifax Inc., +1-404-885-8804, ; or Janine Orf of TALX
Corporation, +1-314-214-7252, Web Site: http://www.equifax.com/
http://www.talx.com/
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