DoubleClick Inc. Stockholders Approve Merger Agreement
13 Juli 2005 - 1:08AM
PR Newswire (US)
DoubleClick Inc. Stockholders Approve Merger Agreement NEW YORK,
July 12 /PRNewswire-FirstCall/ -- DoubleClick Inc. (NASDAQ:DCLK),
the leading provider of data and technology solutions for
marketers, advertising agencies and web publishers, announced today
that its stockholders voted to adopt the merger agreement providing
for the acquisition of DoubleClick by an affiliate of the private
equity investment firms of Hellman & Friedman LLC and JMI
Equity, at DoubleClick's annual meeting of stockholders held today
in New York, New York. Approximately 90% of stockholders present
and voting voted in favor of adopting the merger agreement. The
number of shares voting to adopt the merger agreement represented
approximately 58% of the total number of shares outstanding and
entitled to vote. The proposed merger was announced on April 25,
2005 and is expected to close as soon as practicable, pending the
satisfaction or waiver of all the closing conditions set forth in
the merger agreement. Under the terms of the merger agreement,
DoubleClick stockholders will receive $8.50 per share in cash,
without interest, for each share of DoubleClick common stock. About
DoubleClick DoubleClick is the leading provider of solutions for
marketers, advertising agencies, and web publishers to plan,
execute, and analyze their marketing programs. DoubleClick's online
advertising, email marketing and database marketing solutions help
clients yield the highest return on their marketing dollar. In
addition, the company's marketing analytics solutions help clients
measure performance within and across channels. DoubleClick Inc.
has global headquarters in New York City and maintains 21 offices
around the world. About Hellman & Friedman LLC Hellman &
Friedman LLC is a San Francisco-based private equity investment
firm with additional offices in New York and London. Since its
founding in 1984, the Firm has raised and managed over $8 billion
of committed capital and invested in approximately 50 companies.
The Firm's strategy is to invest in superior business franchises
and to be a value-added partner to management in select industries,
including media, software, information services, financial
services, energy, and professional services. Hellman & Friedman
is one of the few private equity firms with a focused effort in
marketing services and software industries. Hellman & Friedman
has invested in and helped build outstanding companies in these
sectors, such as Blackbaud, Inc., Digitas, Inc., Mitchell
International, Inc., Vertafore, Inc., and Young & Rubicam. For
more information on Hellman & Friedman, visit
http://www.hf.com/. About JMI Equity JMI Equity, based in San Diego
and Baltimore, is a private equity firm exclusively focused on
investments in the software and business services industries.
Founded in 1992, JMI manages approximately $400 million and has
invested in 60 companies throughout North America. JMI invests in
growing businesses. The Firm's focus is on providing the first
institutional capital to self-funded companies. JMI also invests in
select recapitalization and management buyout financings.
Representative investments include Unica Corporation, Eloqua
Corporation, Blackbaud, Inc., Mitchell International, Mission
Critical Software, NEON Systems, Inc. and Transaction Systems
Architects. For more information on JMI Equity, visit
http://www.jmiequity.com/. Forward Looking Statements Statements in
this release regarding DoubleClick's future expectations, beliefs,
goals, plans or prospects constitute forward looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. Any statements that are not statements of historical fact
(including statements containing the words "believes," "plans,"
"anticipates," "expects," "estimates" and similar expressions)
should also be considered to be forward looking statements. There
are a number of important factors that could cause actual results
or events to differ materially from those indicated by such forward
looking statements, including: the failure of the buyer to
consummate the necessary debt financing arrangements set forth in a
commitment letter received by Hellman & Friedman or the failure
to satisfy other conditions to the closing of the proposed
transaction, the ability to recognize the benefits of the
transaction, intense competition in DoubleClick's industry, lack of
growth or decline in online advertising or marketing, changes in
government regulation, failure to manage the integration of
acquired companies, failure to successfully manage DoubleClick's
international operations and other risks that are contained in
documents and the other factors described in DoubleClick's
Quarterly Report on Form 10-Q for the quarterly period ended March
31, 2005 filed with the SEC. In addition, any forward-looking
statements represent DoubleClick's estimates only as of today and
should not be relied upon as representing DoubleClick's estimates
as of any subsequent date. DoubleClick disclaims any intention or
obligation to update any forward looking statements as a result of
developments occurring after the date of this release. Doubleclick
Investor Contact: Jason McGruder Director, Investor Relations
212-381-5182 DOUBLECLICK PRESS CONTACT: Jennifer Miller, VP,
Corporate Communications 212-381-5705 DATASOURCE: DoubleClick Inc.
CONTACT: Investors: Jason McGruder, Director, Investor Relations,
+1- 212-381-5182, or Media: Jennifer Miller, VP, Corporate
Communications, +1-212- 381-5705, both of of DoubleClick Inc. Web
site: http://www.doubleclick.com/ http://www.jmiequity.com/
http://www.hf.com/
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