H.I.G. Capital Announces Extension of Tender Offer for Shares of Comverge, Inc.
May 09 2012 - 7:21AM
Business Wire
H.I.G. Capital, LLC (“H.I.G.”), a leading global private
equity investment firm, today announced an extension of the offer
period for the previously announced tender offer for all of the
outstanding shares of common stock of Comverge, Inc. (Nasdaq: COMV)
(“Comverge” or the “Company”) by Peak Merger Corp. and Peak Holding
Corp., both affiliates of H.I.G., for $1.75 per share in cash,
without interest and less any applicable withholding taxes. The
tender offer, which was previously scheduled to expire at midnight,
New York City time, on Tuesday, May 8, 2012, is now scheduled to
expire at 5:00 p.m., New York City time, on Wednesday, May 9,
2012.
All other terms and conditions of the tender offer remain
unchanged.
The depositary for the tender offer has advised that, as of
midnight, New York City time, on Tuesday, May 8, 2012, 13,664,455
shares of Comverge common stock have been tendered and not
withdrawn, including shares that had been tendered pursuant to
notices of guaranteed delivery, representing approximately 49.5% of
the outstanding shares.
About H.I.G.
H.I.G. is a leading global private equity investment firm with
more than $8.5 billion of equity capital under management. Based in
Miami, and with offices in Atlanta, Boston, Chicago, Dallas, New
York, and San Francisco in the U.S., as well as international
affiliate offices in London, Hamburg, Madrid, Paris, and Rio de
Janeiro, H.I.G. specializes in providing capital to small and
medium-sized companies with attractive growth potential. H.I.G.
invests in management-led buyouts and recapitalizations of
profitable and well managed manufacturing or service businesses.
H.I.G. also has extensive experience with financial restructurings
and operational turnarounds. Since its founding in 1993, H.I.G. has
invested in and managed more than 200 companies worldwide. The
firm’s current portfolio includes more than 50 companies. For more
information, please refer to the H.I.G. website at
www.higcapital.com.
Additional Information and Where to Find It
This communication is neither an offer to purchase nor a
solicitation of an offer to sell securities. INVESTORS AND
STOCKHOLDERS ARE URGED TO READ BOTH THE TENDER OFFER STATEMENT AND
THE SOLICITATION/RECOMMENDATION STATEMENT REGARDING THE TENDER
OFFER BECAUSE THEY CONTAIN IMPORTANT INFORMATION. The tender offer
statement on Schedule TO, as amended, has been filed by Peak Merger
Corp. and Peak Holding Corp. with the SEC, and the
solicitation/recommendation statement on Schedule 14D-9, as
amended, has been filed by Comverge with the SEC. The tender offer
statement (including an offer to purchase, forms of letter of
transmittal and other offer documents) and the
solicitation/recommendation statement were mailed to the Company
stockholders. Investors and stockholders may also obtain a free
copy of these statements and other documents filed by Peak Merger
Corp. and Peak Holding Corp. or by Comverge with the SEC at the
website maintained by the SEC at www.sec.gov. The tender offer
statement and related materials, solicitation/recommendation
statement, and such other documents may be obtained free of charge
by directing such requests to D. F. King & Co., Inc., the
information agent for the tender offer, at (212) 269-5550 for banks
and brokers or (800) 967-7921 for stockholders and all others.
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