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Acxiom ends go-shop period under merger agreement; no superior proposals received
By Lisa Kerner
Charlotte, N.C., July 16 - Acxiom Corp. ended its 60-day go-shop period under its merger agreement with Silver Lake and ValueAct Capital.
The company said its board did not hold discussions with other interested parties and no superior bids were received, according to a schedule 14A filing with the Securities and Exchange Commission.
Acxiom now plans to finalize its proxy materials and schedule a shareholder meeting to vote on $27.10 per share acquisition.
As previously reported, Acxiom entered into a definitive agreement on May 16 to be acquired by the investment firms in an all-cash transaction valued at $3 billion, including the assumption of approximately $756 million of debt.
Acxiom is a Little Rock, Ark., provider of customer and information management services.
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