Illinois Tool Works Inc. Extends Tender Offer for Click Commerce, Inc.
16 Outubro 2006 - 3:25PM
PR Newswire (US)
GLENVIEW, Ill. and CHICAGO, Oct. 16 /PRNewswire-FirstCall/ --
Illinois Tool Works Inc. (NYSE:ITW) and Click Commerce, Inc.
(NASDAQ:CKCM) announced today that ITW is extending the expiration
date of its cash tender offer to purchase all outstanding shares of
common stock of Click Commerce, while the parties await approval by
the German Federal Cartel Office. The offer, which had previously
been scheduled to expire at midnight, New York City time, on
October 16, 2006, has been extended until midnight, New York City
time, on Wednesday, October 25, 2006, unless further extended. The
parties received notification of early termination of the waiting
period under the Hart-Scott-Rodino Antitrust Improvements Act
applicable to the acquisition. The expiration of the initial
Hart-Scott-Rodino waiting period satisfies one of the principal
conditions to the pending acquisition. 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 Friday,
October 13, 2006, approximately 4,926,248 shares of Click Commerce
common stock, representing approximately 40.3% of all outstanding
shares, were validly tendered and not withdrawn, including
approximately 625 shares tendered pursuant to procedures for
guaranteed delivery. The consideration payable for the shares and
the other terms of the tender offer are not affected by the
extension of the offer expiration date. 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. 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,
Inc., +1-312-377-3121, or ; or John Brooklier of Illinois Tool
Works Inc., +1-847-657-4104, or Web site: http://www.itw.com/
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