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Meltwater lowers acceptance condition to 70 per cent in the offer to all shareholders in Cision
FOR IMMEDIATE RELEASE
San Francisco, April 3, 2014 -
Meltwater lowers the acceptance condition for the offer to all shareholders in Cision from 80 to 70 per cent.
Meltwater Drive Sverige AB ("Meltwater") announced a cash offer (the "Offer") to the shareholders of Cision AB (publ) ("Cision" or the "Company") on April 3, 2014. Completion of the Offer is inter alia conditional upon the Offer being accepted to such an extent that Meltwater becomes the owner of shares representing at least 80 per cent of the outstanding shares in Cision on a fully diluted basis.
Meltwater now lowers the acceptance condition so that the completion of the Offer is conditional upon the Offer being accepted to such an extent that Meltwater becomes the owner of shares representing at least 70 per cent of the outstanding shares in Cision on a fully diluted basis. The remaining conditions of the Offer as outlined in the press release of April 3, 2014, remain in place.
T his press release was submitted for publication on 3 April 2014 at 23:45 (CET).
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About Meltwater
Meltwater, a global company founded in Norway and headquartered in San Francisco, helps businesses drive growth and build brands. Meltwater's online intelligence platform analyzes billions of digital documents daily to extract precise, timely business insights that help more than 20,000 companies understand their markets, engage their customers, and master the new social business environment. With offices in 27 countries, Meltwater is dedicated to personal, global service built on local expertise. Meltwater also operates the Meltwater Entrepreneurial School of Technology (MEST), a nonprofit organization dedicated to nurturing future generations of entrepreneurs. Employees and founders hold majority ownership of Meltwater. In October 2012, Altor Fund III became a minority investor in Meltwater.
Meltwater Contact:
Jorn Lyseggen, CEO and founder
+1 415-734-6395
natasha.nissar@meltwater.com (Executive Assistant)
US Media Contact
Marc Cowlin, Director, PR and Content Marketing
+1 415-370-6550
us.pr@meltwater.com
European Media Contact
Erik Åfors
+46 73-434 09 33
eu.pr@meltwater.com
Copyright GlobeNewswire
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http://hugin.info/160495/R/1774404/604885.pdf
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: %s via Globenewswire