CCC Information Services Group Schedules Special Meeting of Stockholders in Connection with Proposed Merger
January 09 2006 - 7:30AM
Business Wire
CCC Information Services Group Inc. (Nasdaq:CCCG), a leading
supplier of advanced software, communications systems, Internet and
wireless-enabled technology solutions to the automotive claims and
collision repair industries, announced today that it has scheduled
a special meeting of its stockholders to vote on the previously
announced merger agreement with Cougar Holdings, Inc. and its
wholly owned subsidiary, Cougar Merger Sub, Inc., each affiliates
of Investcorp, a global investment group. The special meeting will
be held on Thursday, February 9, 2006 at 8:00 a.m. CST at the
Holiday Inn Chicago Mart Plaza, 350 North Orleans Street, Chicago,
Illinois. Stockholders of record at the close of business on
December 16, 2005, the record date for the special meeting, will be
entitled to vote at the meeting. The transaction is subject to the
approval of the stockholders of CCC at the special meeting, as well
as customary closing conditions. In connection with the proposed
merger, CCC filed a preliminary proxy statement with the Securities
and Exchange Commission on October 25, 2005, as amended, and will
file and mail a definitive proxy statement to its stockholders on
or about January 11, 2006. Stockholders and investors are urged to
read the definitive proxy statement regarding the proposed merger
when it becomes available because it will contain important
information. Stockholders and investors may obtain a free copy of
the definitive proxy statement (when available) and other related
documents filed by CCC Information Services Group Inc. with the SEC
at its website at www.sec.gov. The definitive proxy statement (when
available) and the other documents may also be obtained for free by
accessing CCC's website at www.cccis.com. CCC, Cougar Holdings,
Inc., Cougar Merger Sub, Inc., Investcorp and their respective
officers and directors may be deemed to be participants in the
solicitation of proxies with respect to the transactions
contemplated by the merger agreement. Information about the
participants in the solicitation will be set forth in the
definitive proxy statement to be filed with the SEC. This press
release is not a proxy statement. CCC has not yet filed a
definitive proxy statement in connection with the solicitation of
proxies relating to the proposed transaction. Stockholders of CCC
will receive such a statement and a proxy card in connection with
the solicitation. About CCC CCC Information Services Group Inc.
(NASDAQ:CCCG), headquartered in Chicago, is a leading supplier of
advanced software, communications systems, Internet and
wireless-enabled technology solutions to the automotive claims and
collision repair industries. Its technology-based products and
services optimize efficiency throughout the entire claims
management supply chain and facilitate communication among
approximately 21,000 collision repair facilities, 350 insurance
companies, and a range of industry participants. For more
information about CCC Information Services, visit CCC's Web site at
www.cccis.com. About Investcorp Investcorp is a global investment
group with offices in London, New York and Bahrain. The firm has
four lines of business: corporate investment, real estate
investment, asset management and technology investment. It was
established in 1982 and has since completed transactions with an
aggregate value of approximately $28 billion. In Europe, Investcorp
and its clients currently own corporate investments that include
Polyconcept, APCOA, Hilding Anders and Minimax. In the United
States, Investcorp and its clients currently own corporate
investments that include American Tire, Associated Materials and
SourceMedia. Further information is available at
www.investcorp.com. Certain statements in this press release,
including statements regarding the proposed merger are
forward-looking and may involve a number of risks and
uncertainties. Certain factors that could cause actual events not
to occur as expressed in the forward-looking statements include,
but are not limited to, the failure to satisfy various conditions
contained in the merger agreement. Other risks and uncertainties
concerning CCC's performance are set forth in reports and documents
filed by CCC with the SEC from time to time. Please use caution in
placing reliance on forward-looking statements. CCC has based these
forward-looking statements on information currently available and
disclaims any intention or obligation to update or revise any
forward-looking statement.
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