Acxiom/May & Speh Merger Clears Anti-Trust Review.CONWAY, Ark. & DOWNERS GROVE Downers Grove, village (1990 pop. 46,858), Du Page co., NE Ill.; settled 1832, inc. 1873. Downers Grove has undergone population growth and commercial development that include the construction of new office complexes. , Ill.--(BUSINESS WIRE)--Aug. 4, 1998-- Acxiom(R) Corporation (Nasdaq: ACXM) and May & Speh, Inc. (Nasdaq: SPEH) announced today that the thirty-day waiting period required by the Hart-Scott-Rodino Act Hart-Scott-Rodino Act Often used in risk arbitrage. Antitrust act administered by U.S. Department of Justice and the FTC that requires an investor to file a form with the government before he acquires an economic interest in the lesser amount of $15 million or 15% of the had expired without Acxiom or May & Speh having received a request for additional information or documentary material from the Antitrust Division of the Federal Trade Commission. Consequently, the parties are proceeding with plans to consummate the merger previously announced on May 27, 1998. While the consummation of the merger is subject to a number of standard conditions, the primary items which remain to be completed prior to closing are clearance of the companies' joint proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. by the Securities & Exchange Commission and approval by the shareholders of both companies. The companies have filed an amended preliminary proxy statement in response to the SEC's initial comments and are awaiting final SEC approval. Once approval is granted, the definitive proxy will be filed with the SEC and mailed to each company's shareholders. Under applicable SEC rules, the mailing must be made at least 20 business days prior to the meeting date. It is presently anticipated that the shareholder meetings will occur by mid-September. The closing is expected to be completed shortly thereafter. Acxiom provides a wide spectrum of data products, data integration services, and mailing list An automated e-mail system on the Internet, which is maintained by subject matter. There are thousands of such lists that reach millions of individuals and businesses. New users generally subscribe by sending an e-mail with the word "subscribe" in it and subsequently receive all new services, as well as data warehousing See data warehouse. data warehousing - data warehouse and decision support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to major U.S. and international firms. Founded in 1969, Acxiom is headquartered in Conway, Arkansas Conway is the largest city and county seat of Faulkner CountyGR6, Arkansas. A 2005 special census indicated the population had risen to 52,430 [2]. It is part of the Little Rock-North Little Rock-AR Metropolitan Statistical Area. , with operations throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and the United Kingdom and France. Founded in 1947, May & Speh is a leading provider of technology-based information management services with a focus on direct marketing services and information technology (IT) outsourcing services. The company's database marketing solutions help companies execute more profitable direct marketing and customer management programs. Services include strategic analysis and management; systems consulting; data warehouse design and management; modeling and analysis; and list processing. For companies looking to outsource all or part of their information systems operations, May & Speh provides IT services to support mainframe and mid-range (client/server) processing and network management.
CONTACT: Acxiom Corp.
Robert S. Bloom, 501/336-1321
or
May & Speh Inc.
Eric Loughmiller, 630/719-0432
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