Group Press Releases
Recommended Tender Offer for Market Facts Inc
02 June 1999
Aegis Group plc ("Aegis")
Recommended tender offer for Market Facts Inc ("Market Facts")
Aegis announces that as at midnight New York time on 1 June 1999, Aegis had received acceptances for its tender offer, coupled with shares which were subject to an irrevocable option in favour of Aegis, amounting to 96.2 per cent of Market Facts' share capital. The tender offer has therefore now become unconditional and settlement for the tendered Market Facts shares will take place on or about 4 June 1999. Aegis intends to acquire the balance of the Market Facts shares under the terms of Agreement and Plan of Merger (referred to in the press release dated 30 April 1999) by the end of June 1999.
Commenting on today's announcement, Aegis' Chief Executive, Crispin Davis, said:
"We are obviously very pleased with this outcome and the reaction from shareholders in both the US and the UK. The response from employees and clients of Market Facts to the acquisition has also been very supportive. Since the original announcement of the tender offer, we have spent considerable time with Market Facts and we are even more convinced of the quality of the company and the opportunities for growth it offers Aegis. It's an exciting move which augurs well for the future."
