Navigant (NASDAQ:FLYR)
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Navigant International, Inc. (Nasdaq: FLYR), doing
business as TQ3Navigant (Navigant), announces that it will hold a
special meeting of stockholders on July 12, 2006 at 9:00 a.m.,
Mountain Daylight Time, at Navigant's corporate headquarters, 84
Inverness Circle East, Englewood, Colorado, for the purpose of
approving the Agreement and Plan of Merger, dated as of April 26,
2006, by and among Carlson Wagonlit B.V. (CWT), Horizon Merger Corp.
and Navigant.
Stockholders of record as of the close of business on June 8,
2006, will be entitled to vote at the special meeting. The definitive
proxy statement is being mailed to stockholders on or about June 12,
2006. Navigant and CWT expect the merger to close in the third
calendar quarter of 2006, subject to approval by Navigant's
stockholders, receipt of remaining regulatory approvals, receipt of
financing and the closing of the recapitalization of CWT also
announced on April 27, 2006.
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 definitive proxy statement filed with the Securities and
Exchange Commission ("SEC") on June 9, 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 undertakes 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
definitive proxy statement with the SEC on June 9, 2006. INVESTORS AND
SECURITY HOLDERS ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT,
BECAUSE IT CONTAINS IMPORTANT INFORMATION. Investors and security
holders may obtain a free copy of the definitive proxy statement and
other materials filed by Navigant at the SEC's web site at
www.sec.gov. The definitive proxy statement 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, are
contained in the definitive proxy statement on file with the SEC.
INVESTORS SHOULD READ THE DEFINITIVE PROXY STATEMENT CAREFULLY AND IN
ITS ENTIRETY BEFORE MAKING ANY VOTING OR INVESTMENT DECISIONS.