ATLANTA, Dec. 3, 2015 /PRNewswire/ -- Premiere Global
Services, Inc. ("PGi") (NYSE: PGI), the world's largest dedicated
provider of collaboration software and services, today announced
that PGi shareholders approved the acquisition of PGi by funds
managed or advised by Siris Capital Group, LLC ("Siris"), which was
previously announced on September 10,
2015. Of the total number of shares voted, 96.7% voted in
favor of the transaction. Additionally, PGi shareholders
approved the proposed compensation that will or may become payable
to the Company's named executive officers in connection with the
merger.
The transaction, which is expected to close in the fourth
quarter of 2015, remains subject to certain customary closing
conditions.
About Premiere Global Services, Inc. │ PGi
PGi
is the world's largest dedicated provider of collaboration software
and services. We created iMeet®, an expanding portfolio
of purpose-built applications designed to meet the daily
collaboration and communications needs of business professionals,
with solutions for web, video and audio conferencing, smart
calendar management, webcasting, project management and sales
productivity. PGi's award-winning UC&C solutions help
approximately 50,000 businesses grow faster and operate more
efficiently. To learn more, visit us at
www.pgi.com.
Statements made in this press release, other than those
concerning historical information, should be considered
forward-looking and subject to various risks and uncertainties,
many of which are beyond our control. Such forward-looking
statements are made pursuant to the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995 and are made based
on management's current expectations or beliefs as well as
assumptions made by, and information currently available to,
management. A variety of factors could cause actual results to
differ materially from those anticipated in PGi's forward-looking
statements, including, but not limited to, the following factors:
relevant risks and uncertainties relating to the proposed
transaction with Siris, including (i) the risk that the merger
agreement may be terminated in circumstances that require PGi to
pay Siris a termination fee; (ii) risks related to the diversion of
management's attention from PGi's ongoing business operations;
(iii) risks regarding the failure of Siris to obtain the necessary
financing to complete the merger; (iv) the effect of the merger on
PGi's business relationships (including, without limitation,
customers, strategic alliance partners and suppliers), operating
results and business generally; (v) risks related to satisfying the
conditions to the merger; and (vi) the nature, cost and outcome of
any legal proceedings related to the proposed merger and other
factors described from time to time in our press releases, reports
and other filings made with the Securities and Exchange Commission,
including but not limited to the "Risk Factors" section of our
Annual Report on Form 10-K for the year ended December 31, 2014. All forward-looking statements
attributable to us or a person acting on our behalf are expressly
qualified in their entirety by these cautionary statements. We
undertake no obligation to publicly update or revise these
forward-looking statements for any reason.
Media & Investor Contact:
Sean O'Brien
(404) 262-8462
sean.obrien@pgi.com
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SOURCE PGi
