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RNDC Raindance Communications (MM)

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Share Name Share Symbol Market Type
Raindance Communications (MM) NASDAQ:RNDC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Raindance Communications, Inc. Shareholders Approve Acquisition by West Corporation

04/04/2006 8:50pm

Business Wire


Raindance Communications (NASDAQ:RNDC)
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Raindance Communications(R), Inc. (Nasdaq:RNDC), the leader in integrated multimedia conferencing services and support, announced that its shareholders approved the proposed acquisition by West Corporation (Nasdaq:WSTC) at a special shareholders meeting held today. Raindance anticipates the closing of the acquisition later this week. Under the merger agreement, West has agreed to pay $2.70 per share in cash for each share of Raindance stock outstanding on the closing date. The proposed acquisition was first announced on February 6, 2006, and is described in more detail in the definitive proxy statement filed by Raindance with the Securities and Exchange Commission on March 7, 2006. About Raindance Communications Raindance Communications, Inc. (Nasdaq:RNDC), the leader in integrated multimedia conferencing services and support, brings an entirely new level of simplicity and interaction to remote meetings and events. Its suite of best-in-class services, Raindance Seminar Edition and Raindance Meeting Edition, redefine the everyday meeting experience. Thousands of corporate customers currently use Raindance's technology to more effectively communicate with colleagues, vendors, customers and partners around the world. For more information, please visit www.raindance.com or call 800-878-7326. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This release contains forward-looking statements within the meaning of the Federal securities laws. The statement above regarding the anticipated closing of the acquisition is a forward-looking statement. Forward-looking statements also include the assumptions underlying or relating to the foregoing statement. Actual results could differ materially from the expectations expressed in this forward-looking statement. Factors that could cause actual results to differ include, but are not limited to, risks related to the merger being consummated; the ability to satisfy all closing conditions in the definitive agreement; risks relating to the timing and successful completion of integration of the technologies and business operations of West Corporation and Raindance and obtaining expected operating efficiencies within anticipated time frames; unanticipated expenditures relating to such integration; difficulties in attracting or retaining customers or employees as a result of signing the merger agreement; risks of unforeseen material adverse changes to the business or operations of either West Corporation or Raindance; risks that the proposed transaction disrupts current plans, operations, and technology and product development efforts; and other factors described in West's SEC reports (including its annual report on Form 10-K for the year ended December 31, 2005, most recent quarterly report on Form 10-Q and prospectus supplement dated October 6, 2005) and Raindance's SEC reports (including its annual report on Form 10-K for the year ended December 31, 2005). West Corporation and Raindance assume no obligation to update any forecast or the forward-looking statements included in this document, except as required by law. Raindance, Raindance Communications, SwitchTower and OpenGo and our logo are trademarks or registered trademarks of Raindance Communications, Inc. All other company names and products may be trademarks of their respective companies.

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