Cooperative Computing and CCI Acquisition Announce Amendment to Merger Agreement with Triad Systems.AUSTIN, Texas--(BUSINESS WIRE)--Jan. 16, 1997-- Cash Tender Offer for Triad Common Stock Extended Until 10:00 a.m. on Monday, Jan. 27, 1997 Cooperative Computing, Inc. and its affiliate, CCI CCI Chambre de Commerce et d'Industrie (France) CCI CAM (Complementary and Alternative Medicine) Citation Index CCI Chamber of Commerce and Industry (Western Australia) Acquisition Corp., both of Austin, Texas, announced today that their merger agreement with Triad Systems Corporation (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 : TRSC TRSC Thailand Remote Sensing Centre TRSC Tamar River Sailing Club (UK) ) has been amended to extend the final date for the consummation of CCI Acquisition's tender offer for all of the issued and outstanding shares of Triad to Feb. 20, 1997. The merger agreement was also amended to extend the final date for the consummation of the merger with Triad to the 45th day following the consummation of the tender offer. In addition, CCI Acquisition announced that The Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. has extended its commitment to provide the debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay for the transaction through Feb. 20, 1997. CCI Acquisition also announced that it has extended until 10:00 A.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 Monday, Jan. 27, 1997 its tender offer for all of the issued and outstanding shares of common stock of Triad at a price of $9.25 per share, net to the seller in cash. The tender offer was previously scheduled to expire at 10:00 A.M., New York City time, on Friday, Jan. 17, 1997. The terms of the extended tender offer are identical to those in the original tender offer contained in the tender offer materials filed with the Securities and Exchange Commission on Oct. 23, 1996. CCI Acquisition stated that the merger agreement was amended, and that it had extended the tender offer to Jan. 27, 1997, primarily to provide additional time to resolve certain issues raised by the Federal Trade Commission in connection with the FTC's review of the transaction 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. . CCI Acquisition also stated that, although no assurances can be given, it is optimistic that all such outstanding issues will be satisfactorily resolved. CCI Acquisition has been advised by the depositary for the tender offer that as of 5:00 P.M., New York City time, on Jan. 16, 1997, 15,343,029 shares of Triad's common stock (approximately 86% of the issued and outstanding shares) had been validly tendered and not withdrawn. CONTACT: Kekst and Company Roy Winnick, 212/593-2655 |
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