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| Convergys Announces Completion of Tender Offer for Intervoice Convergys announces that it has accepted all shares that were tendered into its offer to purchase all outstanding common stock of Intervoice. As of the expiration of the offer, approximately 81 percent of Intervoice's outstanding shares were tendered by delivery of stock certificates and approximately 11 percent were tendered pursuant to notices of guaranteed delivery. Share certificates for most of the shares tendered by guaranteed delivery have already been delivered to Convergys. As of the close of business on September 2, 2008, Convergys had received and purchased share certificates representing approximately 89 percent of Intervoice's outstanding shares. Convergys anticipates that enough additional shares will be purchased today to enable Convergys to complete the acquisition of Intervoice either later today or on Thursday, September 4, 2008. All other conditions to closing have been met. All Intervoice shares that were not purchased in the tender offer will be converted into $8.25 per share upon completion of the merger. write your comments about the article :: © 2008 Computing News :: home page |