Illinois Tool Works Inc. Acquisition of Click Commerce, Inc. Receives German Antitrust Clearance
21 10월 2006 - 12:19AM
PR Newswire (US)
GLENVIEW, Ill., and CHICAGO, Oct. 20 /PRNewswire-FirstCall/ --
Illinois Tool Works Inc. (NYSE:ITW) and Click Commerce, Inc.
(NASDAQ:CKCM) announced today that ITW's acquisition of Click
Commerce has received clearance from the German Federal Cartel
Office. As previously announced, the parties also received
notification of early termination of the waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act applicable to the
acquisition. As a result, the antitrust conditions to the
completion of the acquisition have been satisfied. ITW's cash
tender offer to purchase all outstanding shares of common stock of
Click Commerce for $22.75 per share is scheduled to expire at
midnight, New York City time, on Wednesday, October 25, 2006,
unless further extended. Computershare Shareholders Services, Inc.,
acting as the depositary for the tender offer, has advised ITW that
as of 5:00 p.m., New York City time, on Thursday, October 19, 2006,
7,330,101 shares of Click Commerce common stock, representing
approximately 60% of all outstanding shares, were validly tendered
and not withdrawn, including 445,073 shares tendered pursuant to
procedures for guaranteed delivery. ITW is a $12.8 billion in
revenues diversified manufacturer of highly engineered components
and industrial systems and consumables. The company consists of
approximately 700 business units in 48 countries and employs some
50,000 people. Click Commerce, Inc., a leading provider of
on-demand supply chain management solutions, enables millions of
users in 70 countries to collaborate, in real time, with business
partners across the extended enterprise. Click Commerce solutions
support the unique business processes of multiple industry segments
such as manufacturing, aerospace and defense, and high-tech. Click
Commerce enables corporations including Alaska Airlines, BASF,
Citibank, Delphi, Eastman Kodak Company, Jabil Global Services,
Lockheed Martin, Microsoft, Pier 1, Ryder, and Verizon to
coordinate and optimize business processes, accelerate revenue,
lower costs, and improve customer service. NOTICE TO INVESTORS This
announcement is neither an offer to purchase nor a solicitation of
an offer to sell securities. ITW and Sub have filed a Tender Offer
Statement on Schedule TO, as amended, containing an offer to
purchase, letter of transmittal and other documents relating to the
tender offer, and Click Commerce has filed a
Solicitation/Recommendation Statement on Schedule 14D-9 with
respect to the tender offer with the Securities and Exchange
Commission. ITW and Click Commerce have mailed these documents to
Click Commerce stockholders. These documents contain important
information that should be read carefully before any decision is
made with respect to the tender offer. ITW and Click Commerce
stockholders may obtain a copy of these documents free of charge by
contacting Georgeson Inc., the information agent for the offer, at
(866) 628-6021 (toll-free). In addition, all of these documents
(and all other offer documents filed with the Securities and
Exchange Commission) are available at no charge on the Securities
and Exchange Commission's website at http://www.sec.gov/.
DATASOURCE: Illinois Tool Works Inc. CONTACT: John Tuhey of Click
Commerce, +1-312-377-3121, ; or John Brooklier of Illinois Tool
Works, +1-847-657-4104, Web site: http://www.itw.com/
Copyright
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