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2007-05-24 09:58:22 CEST 2007-05-24 09:58:22 CEST REGLAMENTUOJAMA INFORMACIJA Aldata Solution Oyj - Company AnnouncementSYMPHONY TECHNOLOGY GROUP TO MAKE A PUBLIC TENDER OFFER FOR ALDATA SOLUTION OYJAldata Solution Oyj STOCK EXCHANGE RELEASE May 24, 2007, 10.40 (EET) Aldata Solution Oyj, a leading global provider of software solutions for the retail industry, today announced that it has entered into a combination agreement with Sauna Acquisition LLC (the "Offeror"), a company owned by Symphony Technology Group (STG) under which the Offeror, or a wholly owned direct or indirect subsidiary of the Offeror will make a voluntary public tender offer valued at EUR 1.82 in cash per share to acquire all of the issued and outstanding shares (the "Shares") of Aldata. Clearlake Capital Group is helping to lead the financing of the transaction."Based on the valuation of Aldata offered by STG, the Board of Directors has carefully analyzed the offered price and considers that the Share Offer Price and the Warrant Offer Prices are sufficient. Therefore, it has decided to support the offered prices to the shareholders and holders of warrants of Aldata." said Peter Titz, Chairman of Aldata. Rene Homeyer, Aldata's President and CEO explained, "We have spent some time searching for the right strategic partner to help take our business into its next growth phase. The opportunity to become a privately wholly-owned STG company will allow us to benefit from their strong expertise in the retail sector with companies like Information Resources (IRI), and their extensive international network as we look to develop a broader global footprint." He continued, "This transaction will, on closing, generate an immediate cash return for Aldata shareholders and will allow the company to continue to focus on delivering leading retail solutions for the benefit of our customers. It will also eliminate any questions over our viability as a strategic supplier to some of the world's largest global customers." William Chisholm, Managing Director of STG added, "Aldata is a clear market leading company in the retail sector with a proven track record of delivering value to clients. We are pleased to have the opportunity to continue to build upon the strong franchise that the Aldata management team has developed over the past number of years, and are committed to continuing to deliver compelling value to customers.""We are pleased to be working together with STG again and believe the unique combination of STG and Aldata will result in a strong and successful platform for future growth," said Steven Chang, Partner at Clearlake Capital Group. The price offered for each Share validly tendered in the Tender Offer is EUR 1.82 in cash (the "Share Offer Price"). The Share Offer Price represents a premium of approximately 19 per cent compared to the closing price of the Shares on the Helsinki Stock Exchange on the 23rd of May 2007, the last trading day before the announcement of the Tender Offer. Helsinki, May 24th, 2007 Aldata Solution Oyj Board of Directors Further information: Aldata Solution Oyj, Thomas Hoyer, CFO, tel. +358 45 670 0491 Symphony Technology Group, William Chisholm, Managing Director, +1-650-906-9771 About Aldata Solution Oyj Aldata Solution is one of the global leaders in supply chain software for retail, wholesale and logistics companies. The company's comprehensive range of Supply Chain Management and In-Store solutions enable its more than 300 customers across 50 countries to enhance productivity, profitability, performance and competitiveness. Aldata develops and supports its software through more than 600 Aldata professionals and a global partner network. Aldata is a public company quoted on the Helsinki Stock Exchange with the identifier ALD1V. For more information, visit: www.aldata-solution.com About Symphony Technology Group Symphony Technology Group (STG) is a strategic holding company that helps companies maximize operational efficiencies in the enterprise software and services market, with a particular focus on the retail and consumer packaged goods industSries. With years of deep operational experience to draw upon, STG companies can leverage strong personal networks, vast financial and operational resources and a history of excellence to empower their clients' success today and tomorrow. STG is actively engaged with each Group company, providing the strategic insight needed to achieve business performance and revenue growth through innovation. Headquartered in Palo Alto, Calif., STG is a $1.2 billion strategic holding company that employs more than 7,000 employees worldwide across its companies. For more information, visit http://www.symphonytg.com. About Clearlake Capital Group Clearlake Capital Group is a private investment firm integrating private equity, leveraged finance, and special situations in both private and public market opportunities. Clearlake seeks to partner with world-class management teams to invest in businesses going through transitions with patient long-term capital. The firm has a flexible mandate to invest across the capital structure in corporate divestitures, recapitalizations, restructurings, rescue financings, going private buyouts, and by accumulating securities in the capital markets. Clearlake's founding principals, Steven Chang, Behdad Eghbali, and Jose Feliciano, have led over 30 investments totalling more than $3 billion of capital in sectors including business services, communications and media, energy and power, healthcare, manufacturing, retail/consumer, and technology. |
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