Acxiom Provides Revised Preliminary Information on Self-Tender Offer
September 14 2006 - 8:01AM
Business Wire
Acxiom(R) Corporation (Nasdaq: ACXM) today provided revised
information with respect to its previously announced preliminary
results of its modified "Dutch Auction" self-tender offer, which
expired at 5:00 p.m. EDT Tuesday, September 12, 2006. Acxiom had
previously announced preliminary information provided by the
depositary for the tender offer that the total number of shares
validly tendered at or below a price of $27.00 per share was
24,911,233, including 8,537,481 shares that were tendered through
notice of guaranteed delivery. Revised preliminary information
provided by the depositary on September 13, 2006 indicated that the
total number of shares validly tendered was 33,448,714, including
the 8,537,481 shares tendered through notice of guaranteed
delivery. Based on these revised preliminary results Acxiom expects
to purchase 11,111,111 shares in the tender offer, subject to
proration, at $25.00 per share. Acxiom has also been informed by
the depositary that the updated preliminary proration factor for
the shares tendered at $25.00 is approximately 74 percent. The
exact proration factor and purchase price per share continue to be
subject to delivery of the shares that were tendered through notice
of guaranteed delivery. The results announced today continue to be
preliminary and remain subject to verification by the depositary of
the proper delivery of the shares validly tendered and not
withdrawn. Final results will be announced following the completion
of the verification process. Acxiom expects payment for the shares
accepted for purchase to occur on or about September 18, 2006, and
the return of all shares tendered and not accepted for purchase to
occur within one week. The dealer managers for the self-tender
offer are J.P. Morgan Securities Inc. and Stephens Inc. The
information agent is Innisfree M&A Incorporated, and the
depositary is Computershare Trust Company, N.A. Any questions about
the self-tender offer may be directed to the information agent at
1-877-750-9457, or the dealer managers, J.P. Morgan Securities Inc.
at 1-877-371-5947 or Stephens Inc. at 1-800-643-9691. About Acxiom
Acxiom Corporation (Nasdaq: ACXM) integrates data, services and
technology to create and deliver customer and information
management solutions for many of the largest, most respected
companies in the world. The core components of Acxiom's innovative
solutions are Customer Data Integration (CDI) technology, data,
database services, IT outsourcing, consulting and analytics, and
privacy leadership. Founded in 1969, Acxiom is headquartered in
Little Rock, Arkansas, with locations throughout the United States
and Europe, and in Australia and China.
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