Convergys Corporation Concludes Tender Offer for Wiztec Solutions Ltd.CINCINNATI--(BUSINESS WIRE)--Aug. 4, 1999-- Convergys Corporation (NYSE NYSE See: New York Stock Exchange :CVG CVG Convergys Corp CVG Corporación Venezolana de Guayana CVG Clear Vertical Grain (woodworking) CVG Carrier Group CVG Corporacion Venezolana de Guyana CVG Comprehensive Video Group (South Hackensack, NJ, USA) ) announced today it has completed its tender offer to purchase shares of Wiztec Solutions Ltd., (Nasdaq:WIZTF), common stock for $25.00 per share net to seller in cash. The tender offer expired at midnight, Eastern Daylight Time, on Friday, July 30, 1999. Based on its preliminary tabulation tab·u·late tr.v. tab·u·lat·ed, tab·u·lat·ing, tab·u·lates 1. To arrange in tabular form; condense and list. 2. To cut or form with a plane surface. adj. Having a plane surface. , the depositary for the offer informed Convergys that 2,275,824 ordinary shares of Wiztec stock were tendered pursuant to the tender offer including 35,496 ordinary shares subject to guarantees of delivery. Convergys accepted for payment all shares properly tendered prior to the expiration of the offer. Convergys now owns approximately 93 percent of Wiztec shares. It is expected that payment for shares accepted pursuant to the offer will be made on Thursday, August 5, 1999. The tender offer was made through Convergys' wholly-owned subsidiary, Convergys Israel Investments Ltd. The Information Agent was Georgeson & Company, Inc., and the Depository Bank A depository bank (U.S. usage) is a bank organized in the United States which provides all the stock transfer and agency services in connection with a depository receipt program. was The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. . ABOUT CONVERGYS Convergys Corporation(SM) is the global leader in providing outsourced, integrated, customer care and billing services, bringing together world-class resources and expertise to help clients transform customer relationships into a competitive advantage. Convergys software produces more than one million bills each day, and Convergys call centers handle more than one million calls each day. Convergys serves the top companies in a wide range of industries, including communications, technology, cable and broadband services, consumer products, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , utilities, healthcare, hospitality, and direct response. Headquartered in Cincinnati, Ohio, Convergys employs over 33,000 people in its 32 call centers, and in its data centers and other offices in the United States, Canada, and Europe. Convergys is on the Web at www.convergys.com Convergys is pronounced: kun VER Ver personification; portrayed as infantile and tender. [Rom. Myth.: LLEI, I: 322] See : Spring jis Convergys and the Convergys logo are service marks of Convergys Corporation. |
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