Ccc Information Services (NASDAQ:CCCG)
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CCC Information Services Group Inc. (Nasdaq:CCCG), a
leading supplier of advanced software, communications systems,
Internet and wireless-enabled technology solutions to the automotive
claims and collision repair industries, announced today that it has
scheduled a special meeting of its stockholders to vote on the
previously announced merger agreement with Cougar Holdings, Inc. and
its wholly owned subsidiary, Cougar Merger Sub, Inc., each affiliates
of Investcorp, a global investment group. The special meeting will be
held on Thursday, February 9, 2006 at 8:00 a.m. CST at the Holiday Inn
Chicago Mart Plaza, 350 North Orleans Street, Chicago, Illinois.
Stockholders of record at the close of business on December 16,
2005, the record date for the special meeting, will be entitled to
vote at the meeting. The transaction is subject to the approval of the
stockholders of CCC at the special meeting, as well as customary
closing conditions.
In connection with the proposed merger, CCC filed a preliminary
proxy statement with the Securities and Exchange Commission on October
25, 2005, as amended, and will file and mail a definitive proxy
statement to its stockholders on or about January 11, 2006.
Stockholders and investors are urged to read the definitive proxy
statement regarding the proposed merger when it becomes available
because it will contain important information. Stockholders and
investors may obtain a free copy of the definitive proxy statement
(when available) and other related documents filed by CCC Information
Services Group Inc. with the SEC at its website at www.sec.gov. The
definitive proxy statement (when available) and the other documents
may also be obtained for free by accessing CCC's website at
www.cccis.com. CCC, Cougar Holdings, Inc., Cougar Merger Sub, Inc.,
Investcorp and their respective officers and directors may be deemed
to be participants in the solicitation of proxies with respect to the
transactions contemplated by the merger agreement. Information about
the participants in the solicitation will be set forth in the
definitive proxy statement to be filed with the SEC.
This press release is not a proxy statement. CCC has not yet filed
a definitive proxy statement in connection with the solicitation of
proxies relating to the proposed transaction. Stockholders of CCC will
receive such a statement and a proxy card in connection with the
solicitation.
About CCC
CCC Information Services Group Inc. (NASDAQ:CCCG), headquartered
in Chicago, is a leading supplier of advanced software, communications
systems, Internet and wireless-enabled technology solutions to the
automotive claims and collision repair industries. Its
technology-based products and services optimize efficiency throughout
the entire claims management supply chain and facilitate communication
among approximately 21,000 collision repair facilities, 350 insurance
companies, and a range of industry participants. For more information
about CCC Information Services, visit CCC's Web site at www.cccis.com.
About Investcorp
Investcorp is a global investment group with offices in London,
New York and Bahrain. The firm has four lines of business: corporate
investment, real estate investment, asset management and technology
investment. It was established in 1982 and has since completed
transactions with an aggregate value of approximately $28 billion. In
Europe, Investcorp and its clients currently own corporate investments
that include Polyconcept, APCOA, Hilding Anders and Minimax. In the
United States, Investcorp and its clients currently own corporate
investments that include American Tire, Associated Materials and
SourceMedia. Further information is available at www.investcorp.com.
Certain statements in this press release, including statements
regarding the proposed merger are forward-looking and may involve a
number of risks and uncertainties. Certain factors that could cause
actual events not to occur as expressed in the forward-looking
statements include, but are not limited to, the failure to satisfy
various conditions contained in the merger agreement. Other risks and
uncertainties concerning CCC's performance are set forth in reports
and documents filed by CCC with the SEC from time to time. Please use
caution in placing reliance on forward-looking statements. CCC has
based these forward-looking statements on information currently
available and disclaims any intention or obligation to update or
revise any forward-looking statement.