Acxiom Completes Acquisition of Digital Impact, Inc.LITTLE ROCK, Ark. -- Acxiom(R) Corporation (Nasdaq: ACXM) today announced the completion of its acquisition of Digital Impact, Inc. for $3.50 per share of Digital Impact common stock in cash. The acquisition of Digital Impact was commenced pursuant to a cash tender offer by an affiliate of Acxiom for all of the outstanding shares of common stock of Digital Impact at a price of $3.50 per share, net to the seller in cash, without interest. As previously announced, the initial offering period for the tender offer expired at midnight, 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 April 28, 2005. The subsequent offering period expired at 5:00 p.m., New York City time, on May 5, 2005. The depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. for the tender offer, EquiServe Trust Company, N.A., has advised Acxiom that, as of the expiration of the subsequent offering period, an aggregate of 35,939,541 shares of Digital Impact common stock were validly tendered representing approximately 91.9% of the outstanding shares of common stock of Digital Impact. Acxiom completed the acquisition of Digital Impact through the merger of one of its affiliates, Adam Merger Corporation, with and into Digital Impact. Effective May 9, 2005, all remaining shares of common stock of Digital Impact (other than Digital Impact common shares owned by shareholders who properly exercise appraisal rights Appraisal rights A right of shareholders in a merger to demand the payment of a fair price for their shares, as determined independently. pursuant to the Delaware General Corporation Law) will be converted into the right to receive $3.50 per share in cash, without interest. As a result of the merger, Digital Impact common shares will no longer be listed on the Nasdaq National Market. About Acxiom Corporation Acxiom Corporation integrates data, services and technology to create and deliver customer and information management solutions for many of the largest, most respected companies in the world. The core components of Acxiom's innovative solutions are Customer Data Integration (CDI CDI compact disc interactive: a system for storing a mix of software, data, audio, and compressed video for interactive use under processor control ) technology, data, database services, IT outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. , consulting and analytics, and privacy leadership. Founded in 1969, Acxiom is headquartered in Little Rock, Arkansas Little Rock, Arkansas required military intervention to desegregate schools (1957–1958). [Am. Hist.: Van Doren, 556–557] See : Bigotry , with locations 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 Europe, and in Australia and China. For more information, visit www.acxiom.com. Acxiom is a registered trademark of Acxiom Corporation. |
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