Acxiom Completes Acquisition of Digital Impact, Inc.
06 Mai 2005 - 8:33PM
Business Wire
Acxiom(R) Corporation (Nasdaq: ACXM) today announced the completion
of its acquisition of Digital Impact, Inc. for $3.50 per share of
Digital Impact common stock in cash. The acquisition of Digital
Impact was commenced pursuant to a cash tender offer by an
affiliate of Acxiom for all of the outstanding shares of common
stock of Digital Impact at a price of $3.50 per share, net to the
seller in cash, without interest. As previously announced, the
initial offering period for the tender offer expired at midnight,
New York City time, on April 28, 2005. The subsequent offering
period expired at 5:00 p.m., New York City time, on May 5, 2005.
The depositary for the tender offer, EquiServe Trust Company, N.A.,
has advised Acxiom that, as of the expiration of the subsequent
offering period, an aggregate of 35,939,541 shares of Digital
Impact common stock were validly tendered representing
approximately 91.9% of the outstanding shares of common stock of
Digital Impact. Acxiom completed the acquisition of Digital Impact
through the merger of one of its affiliates, Adam Merger
Corporation, with and into Digital Impact. Effective May 9, 2005,
all remaining shares of common stock of Digital Impact (other than
Digital Impact common shares owned by shareholders who properly
exercise appraisal rights pursuant to the Delaware General
Corporation Law) will be converted into the right to receive $3.50
per share in cash, without interest. As a result of the merger,
Digital Impact common shares will no longer be listed on the Nasdaq
National Market. About Acxiom Corporation Acxiom Corporation
integrates data, services and technology to create and deliver
customer and information management solutions for many of the
largest, most respected companies in the world. The core components
of Acxiom's innovative solutions are Customer Data Integration
(CDI) technology, data, database services, IT outsourcing,
consulting and analytics, and privacy leadership. Founded in 1969,
Acxiom is headquartered in Little Rock, Arkansas, with locations
throughout the United States and Europe, and in Australia and
China. For more information, visit www.acxiom.com. Acxiom is a
registered trademark of Acxiom Corporation.
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