Clayton Holdings, Inc. Announces Stockholder Approval of Merger Agreement
25 Giugno 2008 - 7:10PM
PR Newswire (US)
SHELTON, Conn., June 25 /PRNewswire-FirstCall/ -- Clayton Holdings,
Inc. (NASDAQ:CLAY) announced today that, at a special meeting of
its stockholders, the holders of a majority of the outstanding
shares of common stock of Clayton approved and adopted 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 $23.8 million of debt. Clayton also
announced that the merger is expected to close on or about July 2,
2008, and that it has obtained all necessary regulatory consents
and licenses required to close the transaction on such date. (Logo:
http://www.newscom.com/cgi-bin/prnh/20070509/CLAYTONLOGO ) 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. Clayton's 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 http://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 management's 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 Clayton's
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 Clayton's
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 Clayton's services; the loss of one or
more of Clayton's largest clients; Clayton's ability to maintain
its professional reputation; management's ability to execute
Clayton's business strategy; and other risks detailed in Clayton's
Annual Report on Form 10-K filed with the Securities and Exchange
Commission on March 14, 2008 and other reports filed with the
Securities and Exchange Commission. Such forward-looking statements
speak only as of the date of this press release. Clayton expressly
disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements contained
herein to reflect any change in Clayton's expectations with regard
thereto or change in events, conditions, or circumstances on which
any such statement is based.
http://www.newscom.com/cgi-bin/prnh/20070509/CLAYTONLOGO
http://photoarchive.ap.org/ DATASOURCE: Clayton Holdings, Inc.
CONTACT: William Campbell, or Chris Cosentino, both of Campbell
Lewis Communications, +1-212-995-8057, for Clayton Holdings, Inc.
Web site: http://www.clayton.com/
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