NCO Announces Shareholder Approval of Acquisition of the Company
10 November 2006 - 2:23AM
PR Newswire (US)
HORSHAM, Pa., Nov. 9 /PRNewswire-FirstCall/ -- NCO Group, Inc.
("NCO" or the "Company") (NASDAQ:NCOG), a leading provider of
business process outsourcing services, announced that at the
Company's Special Meeting held today, the shareholders of the
Company voted to adopt the Agreement and Plan of Merger, dated as
of July 21, 2006, by and among NCO, Collect Holdings, Inc. and
Collect Acquisition Corp., providing for the acquisition of NCO by
an entity controlled by One Equity Partners and its affiliates with
participation by Michael J. Barrist, Chairman, President and Chief
Executive Officer of the Company, and certain other members of
executive management. The transaction is expected to be completed
on or about November 15, 2006, subject to the closing of the debt
financing as well as the satisfaction of other customary closing
conditions. Under the terms of the merger agreement, NCO
shareholders will be entitled to receive $27.50 per share in cash,
without interest. About NCO Group, Inc. NCO Group, Inc. is a global
provider of business process outsourcing services, primarily
focused on accounts receivable management and customer relationship
management. NCO provides services through 90 offices in the United
States, Canada, the United Kingdom, Australia, India, the
Philippines, the Caribbean and Panama. Certain statements in this
press release, including, without limitation, statements as to
fluctuations in quarterly operating results, statements as to
trends, statements as to NCO's or management's beliefs,
expectations or opinions, and all other statements in this press
release, other than historical facts, are forward-looking
statements, as such term is defined in the Securities Exchange Act
of 1934, which are intended to be covered by the safe harbors
created thereby. Forward-looking statements are subject to risks
and uncertainties, are subject to change at any time and may be
affected by various factors that may cause actual results to differ
materially from the expected or planned results. In addition to the
factors discussed above, certain other factors, including without
limitation, the risk that NCO will not be able to implement its
business strategy as and when planned, the risk that NCO will not
be able to realize operating efficiencies in the integration of its
acquisitions or that the restructuring charges will be greater than
anticipated, risks related to union organizing efforts at the
Company's facilities, risks related to the ERP implementation,
risks related to the final outcome of the environmental liability,
risks related to past and possible future terrorists attacks, risks
related to the economy, the risk that NCO will not be able to
improve margins, risks relating to growth and acquisitions,
including the acquisition of Risk Management Alternatives, Inc.,
risks related to fluctuations in quarterly operating results, risks
related to the timing of contracts, risks related to international
operations, and other risks detailed from time to time in NCO's
filings with the Securities and Exchange Commission, including the
Annual Report on Form 10-K for the year ended December 31, 2005,
can cause actual results and developments to be materially
different from those expressed or implied by such forward-looking
statements. NCO may not be able to complete the proposed merger
discussed above on the date or terms summarized above or other
acceptable terms, or at all, due to a number of factors, including
the failure to close the debt financing or failure to satisfy other
customary closing conditions. The Company disclaims any intent or
obligation to publicly update or revise any forward-looking
statements, regardless of whether new information becomes
available, future developments occur or otherwise. For further
information contact: NCO Investor Relations(215) 441-3000
http://www.ncogroup.com/ DATASOURCE: NCO Group, Inc. CONTACT: NCO
Investor Relations, +1-215-441-3000 Web Site:
http://www.ncogroup.com/
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