24/7 Real Media Announces Expiration of Hart-Scott-Rodino Waiting Period for Tender Offer by WPP Group.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- 24/7 Real Media, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TFSM), a leading global digital marketing company, today announced that the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act The Hart-Scott-Rodino Antitrust Improvements Act of 1976 (Public Law 94-435, known commonly as the HSR Act) is a set of amendments to the antitrust laws of the United States, principally the Clayton Antitrust Act. The HSR Act was signed into law by President Gerald R. of 1976, as amended, expired at 11:59 p.m., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on Wednesday, June 13, 2007, without a request for additional information from the U.S. Federal Trade Commission or the Antitrust Division of the U.S. Department of Justice, with respect to the proposed acquisition of shares of 24/7 Real Media, Inc. by WPP Group plc pursuant to the tender offer described below. The expiration of the Hart-Scott-Rodino waiting period has satisfied one of the conditions to the closing of the tender offer. The tender offer is conditioned upon at least a majority of the outstanding 24/7 Real Media shares, determined on a fully diluted basis (calculated in accordance with the terms of the Merger Agreement, dated as of May 17, 2007, entered into between 24/7 Real Media, Inc. and WPP Group plc), being tendered, as well as the satisfaction of regulatory and other customary conditions. Approval of the transaction by WPP WPP Wire & Plastic Product PLC WPP World Press Photo WPP Web Presence Provider WPP Wolf Pack Productions (anime fan subbing group) WPP Witness Protection Program WPP Wireless Packet Platform WPP Work Package Planning shareholders is not required. As previously announced, a subsidiary of WPP has commenced a cash tender offer to acquire all of 24/7 Real Media's outstanding shares of common stock for $11.75 per share net to the sellers in cash without interest. Unless the tender offer is extended, it and any withdrawal rights to which 24/7 Real Media's stockholders may be entitled will expire at 12:00 midnight, New York City time, on Wednesday, June 27, 2007 (the end of the day on Wednesday). About 24/7 Real Media, Inc. 24/7 Real Media, Inc. is a leading global digital marketing company, empowering advertisers and publishers to engage their target audiences with greater precision, transparency and ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). . Using its award winning ad serving, targeting, tracking and analytics platform, powerful search marketing capabilities and global network of specialized Web sites, the company has turned the art of reaching audiences across virtually any digital medium into a measurable science. The company is headquartered in New York, with 20 offices in 12 countries throughout North America, Europe and the Asia Pacific region. For more information, please visit www.247realmedia.com. 24/7 Real Media: The Science of Digital Marketing. 24/7 Real Media is a member of the NAI See Network Associates. and adheres to the NAI privacy principles that have been applauded by the FTC FTC See Federal Trade Commission (FTC). . These principles are designed to help ensure Internet user privacy. For more information about online data collection associated with ad serving, including online preference marketing and an opportunity to opt-out of 24/7 Real Media cookies, go to: www.networkadvertising.org. |
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