Acxiom Provides Preliminary Proration Information on Self-Tender Offer
14 September 2006 - 1:10AM
Business Wire
Acxiom(R) Corporation (Nasdaq: ACXM) today provided preliminary
proration 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 that based on the preliminary count
by the depositary for the tender offer, an aggregate of 24,911,233
shares of Acxiom common stock were properly tendered and not
withdrawn at or below a price of $27.00 per share, including
8,537,481 shares that were tendered through notice of guaranteed
delivery. Based on these preliminary results the company expects to
purchase 11,111,111 shares in the tender offer, subject to
proration, at $25.75 per share. Acxiom has been informed by
Computershare Trust Company, N.A., the depositary for the tender
offer, that the preliminary proration factor for the shares
tendered at $25.75 and below is approximately 97 percent. The exact
proration factor is subject to delivery of the shares that were
tendered through notice of guaranteed delivery. The results
announced today are preliminary and 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and not withdrawn.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 15,
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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