SBI and Company Completes Acquisition of Razorfish, Inc.SALT LAKE CITY -- SALT LAKE CITY, March 3 /PRNewswire/ -- SBI SBI Special Background Investigation
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SBI Society of Breast Imaging and Company (SBI) announced today the completion of its acquisition of Razorfish, Inc., . On February 28, 2003, SBI merged its wholly-owned subsidiary, SBI Purchase Corp., into Razorfish. As a result of the merger, Razorfish is now wholly-owned by SBI. SBI had previously acquired approximately 52% of the issued and outstanding shares of Razorfish pursuant to a tender offer that was completed January 22, 2003.
All Razorfish stockholders of record as of February 28, 2003 (other than SBI) are entitled to receive the merger consideration of $1.70 per share. SBI will be sending notice of the merger to the stockholders of record. The notice will include instructions for obtaining payment of the merger consideration.
Razorfish has notified Nasdaq of the merger and Razorfish shares will no longer be traded from and after 9:00 a.m. Eastern Time March 3, 2003.
About SBI and Company
SBI and Company is a leading professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firm that delivers measurable business value to market leading companies in a focused set of industries. SBI helps clients: develop meaningful customer relationships through effective integrated and interactive marketing; improve collaboration with employees, partners, and suppliers through real-time enterprise systems, Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. , Intranets, and portals; and improve business performance through digital dashboards, enterprise content management, business process design, and program management offices. SBI and Company has offices in major cities across the U.S. and a European base of operations Noun 1. base of operations - installation from which a military force initiates operations; "the attack wiped out our forward bases"
air base, air station - a base for military aircraft
army base - a large base of operations for an army in London. For more information, visit http://www.sbiandcompany.com/.
Razorfish is an IT consulting firm that designs and builds Web applications for e-commerce, customer and partner relationship management, employee self-service, and enterprise measurement. Following a user-centered design approach, Razorfish's applications are designed to help increase customer adoption and productivity with the goal of maximizing business results and returns on IT investments. Razorfish's multi-disciplinary teams combine business strategists, information architects and designers, as well as technology architects and software engineers. Razorfish is headquartered in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and has offices in Boston, Los Angeles, San Francisco, and Silicon Valley. Recent Razorfish clients include Cisco Systems, Western Union, VeriSign, Microsoft, Avaya, and GlaxoSmithKline. For more information visit: http://www.razorfish.com/.
CONTACT: Michael Adams, SBI and Company, +1-801-733-3250, firstname.lastname@example.org; or Razorfish shareholders please contact, David LaBar of Razorfish, Inc., +1-212-798-7941, email@example.com
Web site: http://www.sbionline.com/ http://www.razorfish.com/