Raindance Communications, Inc. Shareholders Approve Acquisition by West Corporation
April 04 2006 - 3:50PM
Business Wire
Raindance Communications(R), Inc. (Nasdaq:RNDC), the leader in
integrated multimedia conferencing services and support, announced
that its shareholders approved the proposed acquisition by West
Corporation (Nasdaq:WSTC) at a special shareholders meeting held
today. Raindance anticipates the closing of the acquisition later
this week. Under the merger agreement, West has agreed to pay $2.70
per share in cash for each share of Raindance stock outstanding on
the closing date. The proposed acquisition was first announced on
February 6, 2006, and is described in more detail in the definitive
proxy statement filed by Raindance with the Securities and Exchange
Commission on March 7, 2006. About Raindance Communications
Raindance Communications, Inc. (Nasdaq:RNDC), the leader in
integrated multimedia conferencing services and support, brings an
entirely new level of simplicity and interaction to remote meetings
and events. Its suite of best-in-class services, Raindance Seminar
Edition and Raindance Meeting Edition, redefine the everyday
meeting experience. Thousands of corporate customers currently use
Raindance's technology to more effectively communicate with
colleagues, vendors, customers and partners around the world. For
more information, please visit www.raindance.com or call
800-878-7326. Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995 This release contains forward-looking
statements within the meaning of the Federal securities laws. The
statement above regarding the anticipated closing of the
acquisition is a forward-looking statement. Forward-looking
statements also include the assumptions underlying or relating to
the foregoing statement. Actual results could differ materially
from the expectations expressed in this forward-looking statement.
Factors that could cause actual results to differ include, but are
not limited to, risks related to the merger being consummated; the
ability to satisfy all closing conditions in the definitive
agreement; risks relating to the timing and successful completion
of integration of the technologies and business operations of West
Corporation and Raindance and obtaining expected operating
efficiencies within anticipated time frames; unanticipated
expenditures relating to such integration; difficulties in
attracting or retaining customers or employees as a result of
signing the merger agreement; risks of unforeseen material adverse
changes to the business or operations of either West Corporation or
Raindance; risks that the proposed transaction disrupts current
plans, operations, and technology and product development efforts;
and other factors described in West's SEC reports (including its
annual report on Form 10-K for the year ended December 31, 2005,
most recent quarterly report on Form 10-Q and prospectus supplement
dated October 6, 2005) and Raindance's SEC reports (including its
annual report on Form 10-K for the year ended December 31, 2005).
West Corporation and Raindance assume no obligation to update any
forecast or the forward-looking statements included in this
document, except as required by law. Raindance, Raindance
Communications, SwitchTower and OpenGo and our logo are trademarks
or registered trademarks of Raindance Communications, Inc. All
other company names and products may be trademarks of their
respective companies.
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