Vertrue investors sell shares to Brencourt

By Lisa Kerner

Charlotte, N.C., June 22 - Vertrue, Inc. investors led by Thomas W. Smith and Scott J. Vassalluzzo entered into a letter agreement on June 20 to sell 1,807,021 shares of Vertrue common stock priced at $48.90 per share to the company's largest shareholder, Brencourt Advisors, LLC.

Smith beneficially owns 1,733,961 shares, or 17.8%, and Vassalluzzo owns 941,988 shares, or 9.6%, of Vertrue's outstanding stock, according to a schedule 13D filing with the Securities and Exchange Commission.

Brencourt opposes Vertrue's March 22 agreement to be acquired by members of the company's management and an investor group including One Equity Partners, Oak Investment Partners and Rho Ventures for $48.50 per share.

Vertrue is an internet direct marketing services company located in Norwalk, Conn.

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