ATG Announces Adjournment of Special Stockholder Meeting
22 12월 2010 - 1:40AM
Business Wire
ATG (Art Technology Group, Inc., NASDAQ: ARTG) announced that a
special meeting of stockholders, convened today for the purpose of
obtaining the approval of ATG stockholders of its agreement to be
acquired by Oracle Corporation for $6.00 per share in cash, was
adjourned without a vote on the merger proposal. The special
meeting has been adjourned until Tuesday, January 4, 2011 at
10:00 a.m. in response to an order of the Delaware Court of
Chancery requiring ATG to make available to its stockholders prior
to the vote additional information regarding fees received by ATG’s
financial advisor, Morgan Stanley & Co., Incorporated (“Morgan
Stanley”) for services performed for Oracle Corporation from 2007
to the present.
At the time of the adjournment, a preliminary count indicated
that the holders of approximately 71% of ATG’s outstanding shares
represented at the special meeting in person or by proxy intended
to vote in favor of the merger. The results of voting at the
special meeting, once reconvened on January 4, 2011, could differ
materially from this preliminary count.
Assuming the merger agreement is approved by ATG stockholders at
the special meeting, as adjourned, and that other customary closing
conditions are met, the transaction is expected to close on or
about January 5, 2011.
Additional Soliciting Materials. As stated in the definitive
proxy statement dated November 29, 2010 that was previously mailed
to ATG stockholders (the “Proxy Statement”), Morgan Stanley
provided financial advisory services to ATG and also provided a
fairness opinion to the Board of Directors of ATG in connection
with the proposed merger. ATG will file with the Securities and
Exchange Commission additional soliciting materials (the
“Additional Soliciting Materials”) that supplement the Proxy
Statement by providing additional disclosure concerning investment
banking and other services provided by Morgan Stanley to Oracle
from 2007 to the present and the amount of the fees received by
Morgan Stanley from Oracle for such services. ATG stockholders
are urged to carefully read the Additional Soliciting Materials
when available.
As will be described in the Additional Soliciting Materials, any
stockholder who has previously delivered a proxy may revoke it at
any time before the polls close at the special meeting on January
4, 2011. Stockholders who do not wish to rescind their votes,
including stockholders who have already voted in favor of the
merger proposal or the adjournment proposal and do not wish to
change that vote, do not need to take any further action. All
shares of Art Technology Group common stock represented by properly
executed proxies that are received in time for the special meeting,
as adjourned, and that are not revoked, will be voted at the
special meeting in the manner specified by the holder.
ATG stockholders of record as of November 23, 2010, the record
date for the special meeting, who have not yet voted and still wish
to do so may vote in the manner set forth in the Proxy
Statement.
Stockholders who have questions about the merger or how to
submit proxies, or who need additional copies of the Proxy
Statement or the enclosed proxy card or about the Additional
Soliciting Materials may contact ATG’s proxy solicitor, Phoenix
Advisory Partners, at (800) 576-4314.
ATG’s board of directors, which previously recommended that
ATG stockholders adopt the merger agreement, reaffirms that
recommendation and encourages stockholders to vote “FOR” the
adoption of the merger agreement at the special meeting, as
adjourned.
About ATG
ATG (Nasdaq: ARTG) provides the most advanced cross-channel
commerce software and services to fuel
the growth of the world’s best brands. Offering the industry’s
leading commerce solution, ATG works in partnership with clients to
drive sales via a personalized customer experience — unifying and
optimizing interactions across the Web, contact center, mobile
devices, social media, physical stores, and other key channels.
Exclusively focused on online and cross-channel commerce, ATG is
uniquely capable of powering the most innovative and successful
commerce experiences, with results that outperform industry norms.
ATG Commerce is the commerce platform and business user application
solution top-rated by industry analysts for powering
results-driven, personalized, and innovative e-commerce sites.
ATG’s platform-neutral optimization solutions for live help, lead
performance, and product
recommendations can be easily added to any website to
quickly and measurably grow revenue, boost loyalty, and unlock
profits and insight. ATG is headquartered in Cambridge,
Massachusetts, with additional locations throughout North America
and Europe. For more information, please visit http://www.atg.com.
© 2010 Art Technology Group, Inc. ATG and Art Technology Group
are registered trademarks of Art Technology Group, Inc. All other
product names, service marks, and trademarks mentioned herein are
trademarks of their respective owners.
Art Technology Grp., Inc. (MM) (NASDAQ:ARTG)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Art Technology Grp., Inc. (MM) (NASDAQ:ARTG)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024