Acxiom Announces Final Results of Tender Offer
September 18 2006 - 4:28PM
Business Wire
Acxiom(R) Corporation (Nasdaq: ACXM) today announced the final
results of its modified "Dutch auction" tender offer to purchase up
to 11,111,111 shares of the company's common stock, which expired
at 5:00 p.m., New York City time, on Tuesday, September 12, 2006.
Acxiom has accepted for payment an aggregate of 11,111,111 shares
of its common stock at a purchase price of $25.00 per share and an
aggregate purchase price of approximately $277.8 million. These
shares represent approximately 12.6% of the shares outstanding
immediately prior to completion of the tender offer. Acxiom has
been informed by Computershare Trust Company, N.A., the depositary
for the tender offer, that the final proration factor for the
tender offer is 73.868515%. Based on the final count by the
depositary (and excluding conditional tenders that were not
accepted because the specified condition was not satisfied),
15,053,367 shares were properly tendered and not withdrawn at a
price of $25.00 per share. Any shares that were not properly
tendered will be returned promptly to the tendering stockholders.
Payment for the shares accepted for purchase, and return of all
shares tendered and delivered and not accepted for purchase, will
be carried out promptly by the depositary. As a result of the
completion of the tender offer, Acxiom has approximately 77.4
million shares of common stock outstanding. Any questions with
regard to the tender offer may be directed to Innisfree M&A
Incorporated, the Information Agent for the Offer, at (877)
750-9497, or the Dealer Managers for the Offer, J.P. Morgan
Securities Inc. at (877) 371-5947 or Stephens Inc. at (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. For more
information, visit www.acxiom.com. Some of the statements included
herein involve forward-looking information. Acxiom cautions that
these statements involve known and unknown risks and that there can
be no assurance that such results will occur. There are various
important factors that could cause actual results to differ
materially from those indicated in the forward-looking statements,
such as, but not limited to, the ability of Acxiom and the
depositary to timely complete the remaining steps in the tender
offer and other factors discussed in Acxiom's Form 10-K for the
year ended March 31, 2006, and its Form 10-Q for the quarter ended
June 30, 2006. Acxiom undertakes no obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise.
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