REPEAT/KPN Extends Best and Final Offer of $3.00 per share for iBasis
2009年12月10日 - 6:17AM
ビジネスワイヤ（英語）
REPEATING...
KPN B.V. (“KPN”) today announced that it has extended its cash
tender offer to acquire all the outstanding shares of common stock
of iBasis, Inc. (NASDAQ: IBAS) (“iBasis”) not otherwise held by
KPN. The depositary for the tender offer has informed KPN that, as
of midnight on Tuesday, December 8, 2009, approximately 23,112,954
shares have been tendered in and not withdrawn from the tender
offer (including 1,158,522 shares tendered pursuant to a notice of
guaranteed delivery). Together with the 40,121,074 shares already
owned by KPN, this represents approximately 88.8% of the shares
outstanding immediately prior to the expiration of the offer. It
also represents approximately 72.0% of the shares outstanding
immediately prior to the expiration of the offer, excluding shares
owned by KPN, its affiliates and the directors and officers of KPN,
its affiliates and iBasis. The tender offer will now expire at
midnight, New York City time, on Friday, December 18, 2009,
unless further extended. All other terms and conditions of the
tender offer, including the best and final offer price of $3.00 per
share, remain unchanged.
KPN has extended the expiration date of the tender offer in
order to allow all of iBasis’s investors additional time to
participate in the offer, including investors who are required to
provide instructions to tender through their bank, broker or other
nominee. KPN is gratified by the support that it has received to
date from iBasis shareholders and KPN remains fully committed to
completing this transaction successfully.
About KPN’s Tender Offer
On July 28, 2009, KPN commenced a cash tender offer for all of
the outstanding shares of common stock of iBasis not already owned
by KPN, subject to the terms and conditions set forth in the Offer
to Purchase dated as of July 28, 2009, as amended and supplemented
(the “Offer to Purchase”). The best and final purchase price to be
paid upon the successful closing of the cash tender offer is $3.00
per share in cash, without interest and less any required
withholding tax, subject to the terms and conditions set forth in
the Offer to Purchase. KPN currently owns a stake of approximately
56% in iBasis. The offer was previously extended to December 8,
2009, and is now scheduled to expire at midnight, New York City
time, on Friday, December 18, 2009, unless further extended in
the manner set forth in the Offer to Purchase.
IMPORTANT INFORMATION
This press release is for informational purposes only and does
not constitute an offer to purchase or a solicitation of an offer
to sell iBasis stock. The tender offer is being made pursuant to a
Tender Offer Statement and Rule 13e-3 Transaction Statement on
Schedule TO (including the Offer to Purchase, a related letter of
transmittal and other offer materials) filed by KPN with the SEC on
July 28, 2009, as amended and supplemented (the “Schedule
TO”). Shareholders of iBasis are advised to carefully read the
Schedule TO, the Offer to Purchase and any other documents relating
to the tender offer that are filed with the SEC, as each may be
amended and supplemented, because they contain important
information that iBasis shareholders should consider before any
decision is made with respect to the offer. Shareholders of iBasis
can obtain copies of these documents for free at the SEC’s website
at www.sec.gov or by calling Okapi Partners LLC, the Information
Agent for the Offer, at 1-877-869-0171.
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