infoGROUP Founder Says Company Should Explore Strategic Alternatives

Willing to explore proposal to acquire remaining shares or to sell entire company 


OMAHA, Neb., Dec. 22  /PRNewswire/ -- Vinod Gupta, the founder and beneficial owner of approximately 40% of the shares of infoGROUP (NASDAQ: IUSA), announced today his belief that the Company should explore its strategic alternatives, including a sale of the Company.  Mr. Gupta stated that while he is already exploring a proposal to acquire the shares held by the public, he would, under appropriate circumstances, also be willing to sell his family's shares in connection with a sale of the entire Company.

"I believe that the infoGROUP stockholders would benefit from a cash or liquid stock proposal for their shares," said Mr. Gupta.  "I am exploring working with an equity partner to make a cash proposal for the Company to the Board of Directors and have retained The Blackstone Group as my financial advisor and Latham & Watkins as legal counsel.  However, I want to emphasize that I would also be willing to sell my shares for liquid stock or cash if that proves to be the best transaction for all the stockholders of the Company." 

DATASOURCE: Vinod Gupta



CONTACT:  Vinod Gupta, 1-888-407-8968

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