| [April 13, 2012] |
 |
Blackbaud to Refile HSR Premerger Notification and Report in Support of Proposed Acquisition of Convio
CHARLESTON, S.C. --(Business Wire)--
Blackbaud, Inc. (Nasdaq: BLKB) today announced that it refiled its
Premerger Notification and Report Form ("HSR Notification and Report")
with the Department of Justice (the "DoJ") under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976 ("HSR Act") in support of its cash
tender offer for all outstanding shares of common stock of Convio, Inc.
(Nasdaq: CNVO).
Blackbaud can move forward with the rest of the closing process and
complete its proposed acquisition of Convio once the waiting period
under the HSR Act expires. The waiting period, which began upon refiling
the HSR Notification and Report, is scheduled to expire at 11:59 p.m.,
New York City time, on April 30, 2012, unless Blackbaud is granted early
termination or the DoJ requests additional information that would extend
the waiting period. During the waiting period, Blackbaud will continue
to cooperate with the DoJ and answer any additional questions raised by
the DoJ staff.
For additional information, including frequently asked questions, visit www.blackbaud.com/convio.
About Blackbaud
Serving the nonprofit and education sectors for 30 years, Blackbaud
(NASDAQ: BLKB) combines technology and expertise to help organizations
achieve their missions. Blackbaud works with more than 25,000 customers
in more than 60 countries that support higher education, healthcare,
human services, arts and culture, faith, the environment, independent
education, animal welfare, and other charitable causes. The company
offers a full spectrum of cloud-based and on-premise software solutions,
and related services for organizations of all sizes including:
fundraising, eMarketing, social media, advocacy, constituent
relationship management (CRM), analytics, financial management, and
vertical-specific solutions. Using Blackbaud technology, thes
organizations raise more than $100 billion each year. Recognized as a
top company by Forbes, InformationWeek, and Software Magazine and
honored by Best Places to Work, Blackbaud is headquartered in
Charleston, South Carolina and has employees throughout the US, and in
Australia, Canada, Hong Kong, Mexico, the Netherlands, and the United
Kingdom.
Forward-Looking Statements
This Press Release contains "forward-looking statements" relating to the
acquisition of Convio by Blackbaud and the companies' potential combined
business. Those forward-looking statements are based on current
expectations and involve inherent risks and uncertainties, including
factors that could delay, divert or change any of them, and actual
outcomes and results could differ materially. Among other risks, there
can be no guarantee that the acquisition will be completed, or if it is
completed, that it will close within the anticipated time period or that
the expected benefits of the acquisition and combined business will be
realized. These forward-looking statements should be evaluated together
with the risk factors and uncertainties that affect Blackbaud's and
Convio's businesses, particularly those identified in their Annual
Reports on Form 10-K and other filings with the U.S. Securities and
Exchange Commission, or SEC (News - Alert). Except as might be required by law, neither
company undertakes any obligation to publicly update any forward-looking
statement, whether as a result of new information, future events or
otherwise.
Additional Information
Blackbaud, through its wholly owned subsidiary Caribou Acquisition
Corporation, launched a tender offer for all the issued and outstanding
shares of Convio common stock on January 25, 2012 and has filed with the
SEC a tender offer statement on Schedule TO, as amended. Investors and
Convio stockholders should read the tender offer statement (including an
offer to purchase, letter of transmittal and related tender offer
documents) and the related solicitation/recommendation statement on
Schedule 14D-9 filed by Convio with the SEC, because they contain
important information. These documents are available at no charge
through the SEC's website at www.sec.gov,
from Georgeson Inc., the information agent for the offer, toll-free at
(800) 868-1391 (banks and brokers call (212) 440-9800), from Blackbaud
(with respect to documents filed by Blackbaud with the SEC) by going to
the Investor Relations section of Blackbaud's website at www.blackbaud.com,
or from Convio (with respect to documents filed by Convio with the SEC)
by going to the Investor Relations section of Convio's website at www.convio.com.
In addition to the offer to purchase, the related letter of transmittal
and other offer documents, as well as the solicitation/recommendation
statement, Blackbaud and Convio file annual, quarterly and special
reports, proxy statements and other information with the SEC. You may
read and copy any of these reports, statements or other information in
the EDGAR database at the SEC website, www.sec.gov,
or at the SEC public reference room at 100 F Street, N.E., Washington,
D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further
information on the public reference room.

[ Back To TMCnet.com's Homepage ]
|