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DLG Direct Line Insurance Group Plc

266.20
-2.00 (-0.75%)
10 Feb 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Direct Line Insurance Group Plc LSE:DLG London Ordinary Share GB00BY9D0Y18 ORD 10 10/11P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00 -0.75% 266.20 266.40 266.60 269.40 266.20 269.40 3,023,809 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Fire, Marine, Casualty Ins 2.86B 222.9M 0.1700 15.68 3.52B

Dialog Corporation - Result of Tender Offer,etc

25/04/2000 11:04am

UK Regulatory


RNS Number:5128J
Dialog Corporation PLC
25 April 2000



           THE DIALOG CORPORATION ANNOUNCES 100% ACCEPTANCE
              OF TENDERS AND CONSENTS FROM HOLDERS OF ITS
                11% SENIOR SUBORDINATED NOTES DUE 2007

LONDON -- April 25, 2000-- The Dialog Corporation plc ("Dialog" or the
"Company") (LSE:DLG, NASDAQ:DIAL) announced today that as of 12:01a.m.
(Eastern time) on April 21, 2000, it has accepted for purchase the entire
$180,000,000 aggregate principal amount of its outstanding 11% Senior
Subordinated Notes Due 2007 (the "Notes") tendered in connection with its
previously announced tender offer and consent solicitation ("Offer").

The purpose of the Offer and Consent Solicitation is to facilitate the
Company's transformation into Bright Station plc
(http://www.brightstation.com), the new name for The Dialog Corporation,
subject to shareholder approval at the upcoming Extraordinary General
Meeting (EGM) on April 27. Bright Station's three technology-focused 
divisions will include: Web Solutions (WSD), eCommerce (ECD) and the 
Internet Ventures Division (IVD), an incubator for promising Internet
start-ups.  Bright Station's assets and brands include InfoSort, Muscat,
WebTop, WebCheck, Sparza, OfficeShopper and the SmartLogik Knowledge
Management business.

Last week, Bright Station announced an agreement with BAA PLC which is
deploying the SmartLogik knowledge management solution on the desktops
of over 5,500 employees. Separately, Bright Station commenced a 
partnership with news feed supplier Moreover.com (http://www.moreover.com)
to significantly enhance NewsZone, Webtop.com's free news database.

On March 23, 2000 Dialog announced a proposed refinancing and
restructuring of the Group through the sale of its Information
Services Division (ISD) to The Thomson Corporation (TSE: TOC), the
proceeds of which will enable the repayment of all the Group's
outstanding senior and high yield debt.  Accordingly, Dialog made an
Offer to Purchase for any and all of the 11% Senior Subordinated
Notes.  Under the terms of the Offer, Dialog offered to purchase
outstanding Notes at an amount, per $1,000 principal amount of Notes
tendered pursuant to the Offer, equal to $1,000 per $1,000 principal
amount, plus accrued and unpaid interest.  Dialog's obligation to pay
for Notes tendered, is subject to certain conditions which are
described in the Offer to Purchase and Consent Solicitation Statement
that was sent to Noteholders.

Contact:

Dan Wagner, Chief Executive    020 7930 6900 or dan_wagner@dialog.com
                               
US Investor Relations:         
Robert Rinderman/David         001 212 835 8500 or dial@jcir.com
Collins                        
                               
UK/European Investor Relations:     
John Olsen/James Longfield     020 7357.9477 or jolsen@hogarthpr.co.uk


END

RTEIIFVASTIEFII


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