Rocket Software, Inc. Completes Tender Offer for TCSI Corporation.Business Editors/High-Tech Writers NATICK, Mass.--(BUSINESS WIRE)--Dec. 27, 2002 Rocket Software, Inc. today announced the completion of its all-cash tender offer for the shares of common stock of TCSI TCSI Transaction Code Status Indicator (telecommunications) TCSI Transaction Code Status Indicator (telecommunications billing) TCSI Tri-City Software, Inc. TCSI Transmitter Channel State Information Corporation (Nasdaq: TCSI) at a price of $0.52 per share. The tender offer, as extended, expired at 12:00 midnight, Boston time, on Thursday, December 26, 2002. Based on preliminary information provided by Equiserve Trust Company, Inc., the depositary for the offer, approximately 13,785,496 shares of TCSI's common stock, or approximately 67.07% of the outstanding shares, had been tendered (not including approximately 132,085 shares tendered by notice of guaranteed delivery). Rocket Acquisition Sub, Inc., the wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Rocket through which the tender offer was made, has accepted for payment all validly tendered shares and will make payment to the depositary for the accepted shares promptly. Rocket intends to acquire the remaining publicly held shares of TCSI common stock in a second-step merger in which all remaining TCSI stockholders (other than those who properly exercise their dissenters' rights under applicable law) who did not tender their shares in the tender offer will receive the same $0.52 per share in cash paid in the tender offer. As a result of the purchase of shares in the tender offer, Rocket has sufficient voting power to approve the merger without the vote of any other holder of TCSI shares. The second-step merger is currently expected to be completed in January or early February 2003. About Rocket Rocket Software, Inc. is an independent software development corporation providing a broad spectrum of integrated, value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. software development, and 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 leading original equipment manufacturers (OEMs) and directly to corporate customers worldwide. Rocket Software's technology portfolio complements and extends strategic OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and offerings in the areas of data management, business intelligence, IT security, network and application management, storage management, and mobile and PC support. Founded in 1990, Rocket Software now employs over 150 people at its Natick, Massachusetts Natick (Pronunciation IPA: /ˈneɪtɪk/) is a town in Middlesex County, Massachusetts, United States. Natick is located near the center of the MetroWest region of Massachusetts, with a population of 32,170 at the headquarters and branch offices worldwide, and maintains active release cycles for more than 60 products it has developed or acquired. Rocket's current OEM relationships include IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , RSA Security RSA, The Security Division of EMC Corporation, is headquartered in Bedford, Massachusetts, and maintains offices in Ireland, the United Kingdom, Singapore, India, and Japan. RSA organizes the annual RSA conference. , Microsoft, and Bull Technologies. Rocket's OEM products are found in Fortune 500 enterprises around the world and in every market segment. Contact Rocket Software at www.rocketsoftware.com. |
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