Navigant (NASDAQ:FLYR)
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From May 2019 to May 2024
Carlson Wagonlit Travel (CWT) and Navigant
International, Inc. (Nasdaq: FLYR), doing business as TQ3Navigant
(Navigant), announced today that the waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection
with CWT's proposed acquisition of Navigant expired on June 5, 2006.
The acquisition, which is expected to close in the third calendar
quarter of 2006, remains subject to a number of closing conditions,
including approval by Navigant's stockholders, other regulatory
approvals, financing and the closing of the recapitalization of CWT
also announced on April 27, 2006.
About Carlson Wagonlit Travel
Carlson Wagonlit Travel is a world leader in business travel
management, partnering with large corporations, small and medium-sized
companies, and government institutions. CWT designs and implements
superior travel management programs for clients based upon its
recognized consulting expertise, strong purchasing power,
technological strength, and consistent delivery of high-quality
service. CWT has operations in more than 150 countries and services 60
of the world's 100 largest companies. Annual sales of U.S. $22 billion
are generated under the Carlson Wagonlit Travel brand. For more
information, please visit www.carlsonwagonlit.com.
About Navigant International, Inc.
Denver-based Navigant International, Inc., (Nasdaq: FLYR), doing
business as TQ3Navigant, is a global provider of travel management
solutions that add significant value by reducing costs, increasing
management and control, and improving travel efficiency. TQ3Navigant
delivers integrated travel management solutions blending technology
with personalized service and expertise. The company currently employs
approximately 5,200 Associates and has operations in approximately
1,000 locations in 22 countries and U.S. territories. For more
information, please visit www.navigant.com.
Cautionary Statement on Forward-Looking Statements
This press release contains statements, including, among others,
statements about the acquisition of Navigant by Carlson Wagonlit
Travel and the timing and certainty of the proposed transaction, that
are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are based
on currently available information and are based on current
expectations and projections about future events. Investors are
cautioned that any such forward-looking statements are not guarantees
of future performance and are subject to risks and uncertainties.
Actual events or results may differ materially from those discussed in
the forward-looking statements as a result of various factors,
including, without limitation, the satisfaction of the conditions to
the closing of the transaction, the ability to obtain regulatory
approvals of the transaction on the proposed terms and schedule, the
failure of Navigant's stockholders to approve the transaction, the
failure of Carlson Wagonlit Travel to complete the financings required
to consummate the transaction and disruptions in the travel industry
such as those caused by terrorism, war, natural disasters or general
economic downturn. Additional information regarding these and other
risks and uncertainties that could cause actual results to differ from
those contained in the forward-looking statements is contained in
Navigant's preliminary proxy statement filed with the Securities and
Exchange Commission ("SEC") on May 17, 2006, annual report on Form
10-K for the year ended December 25, 2005, and in Navigant's other SEC
filings, including its filings on Forms 10-K and 10-Q. The
forward-looking statements made herein are only as of the date of this
press release, and Navigant and Carlson Wagonlit Travel undertake no
obligation to publicly update such forward-looking statements to
reflect subsequent events or circumstances.
Additional Information about this Transaction
In connection with the proposed merger, Navigant filed a
preliminary proxy statement with the SEC on May 17, 2006. INVESTORS
AND SECURITY HOLDERS ARE ADVISED TO READ THE DEFINITIVE PROXY
STATEMENT WHEN IT BECOMES AVAILABLE, BECAUSE IT WILL CONTAIN IMPORTANT
INFORMATION. Investors and security holders may obtain a free copy of
the definitive proxy statement (when available) and other materials
filed by Navigant at the SEC's web site at www.sec.gov. The definitive
proxy statement (when available) and such other materials may also be
obtained for free from Navigant by directing such request to Navigant,
Attention: Corporate Secretary, 84 Inverness Circle East, Englewood,
Colorado 80112-5314, Telephone: (303) 706-0800.
Navigant and its directors, executive officers and other members
of its management and employees may be deemed to be participants in
the solicitation of proxies from its stockholders in connection with
the proposed transaction. Information concerning the interests of
Navigant's participants in the solicitation is set forth in its annual
proxy statement filed with the SEC on March 16, 2006. Carlson Wagonlit
Travel and its directors, executive officers and other members of its
management and employees may be deemed to be participants in the
solicitation of proxies from Navigant's stockholders in connection
with the proposed transaction. Other information regarding the
participants in the proxy solicitation and a description of their
direct and indirect interests, by security holdings or otherwise, will
be contained in the definitive proxy statement and other relevant
materials to be filed with the SEC when they become available.
INVESTORS SHOULD READ THE DEFINITIVE PROXY STATEMENT CAREFULLY AND IN
ITS ENTIRETY WHEN IT BECOMES AVAILABLE BEFORE MAKING ANY VOTING OR
INVESTMENT DECISIONS.