Raindance Communications (NASDAQ:RNDC)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Raindance Communications Charts. Click Here for more Raindance Communications Charts.](/p.php?pid=staticchart&s=N%5ERNDC&p=8&t=15)
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.