ST. PETERSBURG, Fla., Oct 01,
2007 (BUSINESS WIRE) -- Catalina Marketing Corporation (NYSE:POS)
today announced the completion of the acquisition of Catalina by
entities affiliated with Hellman & Friedman LLC, a private
equity investment firm.
Catalina announced on April 17, 2007 a definitive agreement to be
acquired by affiliates of Hellman & Friedman in a transaction
valued at approximately $1.7 billion. Under terms of the agreement,
Catalina shareholders will receive $32.50 per share in cash, without
interest, for each share of Catalina common stock held.
"We believe Catalina Marketing is in a great position to focus on
future growth initiatives and strategic opportunities as a private
company," said Dick Buell, chief executive officer of Catalina
Marketing. "With the financial support of Hellman & Friedman, we
are confident that we can accomplish the future plans we have set
forth. H&F has extensive knowledge of the marketing and
technology arena that will help us continue to build on our
established, strong foundation and move the company into the next
chapter of growth and development."
Catalina stock will cease to trade on the New York Stock Exchange
at market close today, and will no longer be listed. Catalina has
appointed Mellon Investor Services LLC as its paying agent, and, as
soon as practicable, will mail a letter of transmittal and
instructions to all Catalina shareholders of record. The letter of
transmittal and instructions will contain information regarding how
to surrender Catalina common stock in exchange for the merger
consideration. Shareholders of record should be in receipt of the
letter of transmittal before surrendering their shares. Shareholders
who hold shares through a bank or broker will not have to take any
action to have their shares converted into cash as such conversions
will be handled by the bank or broker.
About Hellman & Friedman LLC
Hellman & Friedman LLC is a leading private equity investment
firm with offices in San Francisco, New York and London. The Firm
focuses on investing in superior business franchises and serving as
a value-added partner to management in select industries including
media and marketing services, financial services, professional
services, asset management, software and information services, and
energy. Since its founding in 1984, the Firm has raised and, through
its affiliated funds, managed over $16 billion of committed capital
and is currently investing its sixth partnership, Hellman &
Friedman Capital Partners VI, L.P., with over $8 billion of
committed capital. Representative investments in media and marketing
services include: DoubleClick Inc, Young & Rubicam Inc, Digitas
Inc, The Nielsen Company, and Axel Springer AG.
About Catalina Marketing Corporation
Based in St. Petersburg, FL, Catalina Marketing Corporation
(www.catalinamarketing.com) was founded over 20 years ago based on
the premise that targeting communications based on actual purchase
behavior would generate more effective consumer response. Today,
Catalina Marketing combines unparalleled insight into consumer
behavior with dynamic consumer access. This combination of insight
and access provides marketers with the ability to execute
behavior-based marketing programs, ensuring that the right consumer
receives the right message at exactly the right time. Catalina
Marketing offers an array of behavior-based promotional messaging,
loyalty programs and direct-to-patient information. Personally
identifiable data that may be collected from the company's targeted
marketing programs, as well as its research programs, are never sold
or provided to any outside party without the express permission of
the consumer.
Cautionary Statement
This press release contains forward-looking statements based on
estimates and assumptions. Those forward-looking statements include
all statements other than those made solely with respect to
historical fact. Numerous risks, uncertainties and other factors may
cause actual results to differ materially from those expressed in
any forward-looking statements. These factors and other risks are
detailed in Catalina's current filings with the Securities and
Exchange Commission, including Catalina's most recent filings on
Forms 8-K, 10-Q and 10-K. Catalina undertakes no obligation to
revise or update any forward-looking statements, or to make any
other forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.
Catalina and the Catalina logo are trademarks or registered
trademarks of Catalina Marketing Corporation or its subsidiaries in
the U.S. and other countries. All other trade names are trademarks
or registered trademarks of their respective holders.
SOURCE: Catalina Marketing Corporation
Catalina Marketing Corporation, St. Petersburg
Investor Contact:
Chris Ingham, Executive Director of Financial Planning,
727-579-5020
or
Media Contact for Catalina Marketing:
Nicole Andriso, Director, Public Relations, 727-563-5822
or
Media Contact for Hellman & Friedman:
The Abernathy MacGregor Group
Steve Bruce/Monica Everett, 212-371-5999