Navigant (NASDAQ:FLYR)
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Navigant International, Inc. (Nasdaq: FLYR), doing
business as TQ3Navigant (Navigant), announced that, at Navigant's
special meeting of stockholders held today in Englewood, Colorado, the
Navigant stockholders voted to adopt 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.
Navigant and CWT expect the merger to close during August 2006,
subject to the 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.