Elliott Receives Early Termination of HSR Waiting Period in Offer for Packeteer
08 Abril 2008 - 9:00AM
PR Newswire (US)
NEW YORK, April 8, 2008 /PRNewswire/ -- Elliott Associates, L.P., a
private investment partnership involved in diversified trading
programs, today announced that it has received early termination of
the waiting period under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended, applicable to Elliott's
tender offer for all outstanding shares of common stock of
Packeteer, Inc. (NASDAQ:PKTR). Under the terms of the tender offer,
Elliott, through a wholly-owned subsidiary, is offering to acquire
Packeteer for $5.50 per share in cash, or an aggregate of
approximately $190 million. The offer and withdrawal rights will
expire at 11:59 p.m., New York City time on Wednesday, April 16,
2008, unless the offer is extended. The Packeteer proposal is a
fully financed, all-cash transaction, and Elliott anticipates no
other significant regulatory hurdles to completion. The offer
remains conditioned upon, among other things, a majority of
Packeteer's shares of common stock on a fully diluted basis being
tendered and not withdrawn and Packeteer's Board having rendered
Packeteer's shareholder rights plan inapplicable to the tender
offer and proposed subsequent merger transaction. About Elliott
Elliott Associates, L.P. and its sister fund, Elliott
International, L.P. have more than $10.5 billion of capital under
management. Founded in 1977, Elliott is one of the oldest hedge
funds under continuous management. The Elliott funds' investors
include large institutions, high-net-worth individuals and
families, and employees of the firm. All trademarks used or
mentioned in this release are protected by law. Innisfree M&A
Incorporated (Information Agent for the offer) Phone: Stockholders
call (888) 750-5834 (toll-free from the U.S. and Canada) or (412)
232-3651 (from outside the U.S. and Canada). Banks and brokers call
collect at (212) 750-5833. CAUTIONARY STATEMENT REGARDING
FORWARD-LOOKING STATEMENTS THIS PRESS RELEASE CONTAINS
FORWARD-LOOKING STATEMENTS. ALL STATEMENTS CONTAINED IN THIS PRESS
RELEASE THAT ARE NOT CLEARLY HISTORICAL IN NATURE OR THAT
NECESSARILY DEPEND ON FUTURE EVENTS ARE FORWARD-LOOKING, AND THE
WORDS "ANTICIPATE," "BELIEVE," "EXPECT," "ESTIMATE," "PLAN," AND
SIMILAR EXPRESSIONS ARE GENERALLY INTENDED TO IDENTIFY
FORWARD-LOOKING STATEMENTS. THESE STATEMENTS ARE BASED ON CURRENT
EXPECTATIONS OF ELLIOTT AND ITS AFFILIATES AND CURRENTLY AVAILABLE
INFORMATION. THEY ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND
INVOLVE CERTAIN RISKS AND UNCERTAINTIES THAT ARE DIFFICULT TO
PREDICT AND ARE BASED UPON ASSUMPTIONS AS TO FUTURE EVENTS THAT MAY
NOT PROVE TO BE ACCURATE. ELLIOTT DOES NOT ASSUME ANY OBLIGATION TO
UPDATE ANY FORWARD-LOOKING STATEMENTS CONTAINED IN THIS PRESS
RELEASE. ADDITIONAL INFORMATION AND WHERE TO FIND IT THIS PRESS
RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE
AN OFFER TO PURCHASE OR A SOLICITATION OF AN OFFER FOR PACKETEER'S
COMMON STOCK. THE TENDER OFFER IS BEING MADE PURSUANT TO A TENDER
OFFER STATEMENT ON SCHEDULE TO (INCLUDING THE OFFER TO PURCHASE,
LETTER OF TRANSMITTAL AND OTHER RELATED TENDER OFFER MATERIALS)
FILED BY ELLIOTT WITH THE SECURITIES AND EXCHANGE COMMISSION (SEC)
ON MARCH 20, 2008, AS AMENDED. THESE MATERIALS, AS THEY MAY BE
AMENDED FROM TIME TO TIME, CONTAIN IMPORTANT INFORMATION, INCLUDING
THE TERMS AND CONDITIONS OF THE OFFER, THAT SHOULD BE READ
CAREFULLY BEFORE ANY DECISION IS MADE WITH RESPECT TO THE TENDER
OFFER. INVESTORS AND STOCKHOLDERS CAN OBTAIN A FREE COPY OF THESE
MATERIALS AND OTHER DOCUMENTS FILED BY ELLIOTT WITH THE SEC AT THE
WEBSITE MAINTAINED BY THE SEC AT WWW.SEC.GOV. THE TENDER OFFER
MATERIALS MAY ALSO BE OBTAINED FOR FREE BY CONTACTING THE
INFORMATION AGENT FOR THE TENDER OFFER, INNISFREE M&A
INCORPORATED (888) 750-5834 (TOLL-FREE FROM THE U.S. AND CANADA) OR
(412) 232-3651 (FROM OUTSIDE THE U.S. AND CANADA). DATASOURCE:
Elliott Associates, L.P. CONTACT: Scott Tagliarino for Elliott
Associates, L.P., +1-212-974-6000, cell, +1-917-922-2364
Copyright
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