On June 5, 2008, Clayton Holdings, Inc. issued the following
press release:
For:
Clayton
William
Campbell/Chris Cosentino
Campbell
Lewis Communications
(212)
995-8057
For Immediate Release
CLAYTON HOLDINGS, INC. ANNOUNCES EARLY TERMINATION
OF HART-SCOTT-RODINO WAITING PERIOD
SHELTON,
Conn.,June 5, 2008Clayton Holdings, Inc. (NASDAQ: CLAY) announced
today that it has received early termination of the waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect
to the previously announced definitive merger agreement under which an
affiliate of a fund managed by Greenfield Partners, LLC, a private equity firm,
will acquire all of the outstanding common shares of Clayton Holdings for $6.00
per share, or approximately $134 million, plus the repayment of $23.9 million
of debt.
About
Clayton Holdings, Inc.
Clayton
Holdings, Inc., headquartered in Shelton, Connecticut, is an information
and analytics company serving leading capital markets firms, lending
institutions, fixed income investors and loan servicers with a full suite of
information-based analytics, specialty consulting and outsourced services.
Claytons services include due diligence analytics, conduit support services,
professional staffing, compliance products and services, credit risk management
and surveillance and specialized loan servicing services. Additional
information is available at www.clayton.com.
Forward
Looking Statements
Certain
items in this press release may constitute forward-looking statements within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These
statements are based on managements current expectations and beliefs and are
subject to a number of trends and uncertainties that could cause actual results
to differ materially from those described in the forward-looking
statements. Clayton can give no
assurance that expectations will be attained.
Factors that could cause actual results to differ materially from
Claytons expectations include, but are not limited to, the ability to complete
the merger in light of the various closing conditions, including those
conditions related to regulatory approvals; the expected timing of the
completion of the merger; the impact of the announcement or the closing of the
merger on Claytons relationships with its employees, existing customers or
potential future customers; adverse changes in the mortgage-backed securities
market, the mortgage lending industry or the housing market; the level of competition
for Claytons services; the loss of one or more of Claytons largest clients;
Claytons ability to maintain its professional