Vector Capital Extends Tender Offer for SafeNet to April 11, 2007
April 09 2007 - 6:30AM
Business Wire
Stealth Acquisition Corp., a subsidiary of Vector Capital,
announced today that it has extended its previously announced cash
tender offer for all of the outstanding shares of common stock of
SafeNet, Inc. (NASDAQ: SFNT) until 8:00 p.m. EDT on Wednesday,
April 11, 2007. Based on preliminary information provided by
Computershare, the Depositary for the tender offer, as of 12:00
Midnight, New York City time, on Friday, April 6, 2007,
approximately 15,342,168 shares have been validly tendered and not
properly withdrawn from the tender offer, and notices of guaranteed
delivery with respect to an additional 1,368,316 shares have been
submitted. The shares tendered, together with the shares subject to
the notices of guaranteed delivery, represent in the aggregate
approximately 78% of the outstanding shares. Stealth Acquisition
Corp. is extending the tender offer to allow the shares submitted
through the guaranteed delivery procedures to be delivered and to
allow additional shares to be tendered. The offer price and all
other terms and conditions of the tender offer remain the same, as
set forth in the tender offer materials disseminated by Stealth
Acquisition Corp., including the condition that there be validly
tendered and not withdrawn approximately 78% of the outstanding
shares of SafeNet common stock. Shareholders who require assistance
tendering their shares should immediately contact Innisfree M&A
Incorporated, the Information Agent for the tender offer, at (888)
750-5834 or MacKenzie Partners at (800) 322-2885. This document is
for informational purposes only and is not an offer to buy or the
solicitation of an offer to sell any securities. The solicitation
and the offer to buy shares of SafeNet's common stock are only
being made pursuant to an offer to purchase and related materials
that Stealth Acquisition Corp. has filed with the Securities and
Exchange Commission. SafeNet stockholders should read these
materials carefully prior to making any decisions with respect to
the offer because they contain important information, including the
terms and conditions of the offer. SafeNet stockholders may obtain
the offer to purchase and related materials with respect to the
offer free of charge at the SEC's website at www.sec.gov, from the
information agent named in the tender offer materials or from
Stealth Acquisition Corp.
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