Acxiom (NASDAQ:ACXM)
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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not withdrawn at or below a price of $27.00 per share, including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validly tendered and not withdrawn.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.