Allscripts sets special cash dividend amount at $5.23

By Jennifer Chiou

New York, Oct. 10 - Allscripts Healthcare Solutions, Inc. announced that the special cash dividend to be paid to its stockholders on Oct. 17 will equal $5.23 per share.

As previously announced, the company will pay a special cash dividend totaling $330 million that is conditioned on its merger with Misys plc.

As of the close of business on Oct. 9 - the record date for the dividend - holders of $54.6 million of Allscripts' 3.5% convertible senior debentures had elected to convert their holdings into shares of Allscripts common stock.

On Sept. 29, the company announced it signed definitive agreements for $325 million of financing from two sources to fund a portion of the proposed merger of Misys Healthcare Systems, LLC and a subsidiary of Allscripts.

Payment of the dividend is contingent upon the merger's close under the companies' March 17, 2008 agreement.

Misys previously said it has sufficient funding commitments in place to finance the transaction.

It was previously reported that Misys will pay $330 million in cash to Allscripts in exchange for 54.5% ownership of the combined company.

Following the merger's close, Allscripts stockholders will retain the shares they currently own, and Allscripts shares will continue to trade on the Nasdaq under the symbol "MDRX."

Allscripts is a Chicago-based clinical software company. Misys is an applications software and services company located in London.

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