1-800 CONTACTS Announces Special Meeting of Stockholders
August 07 2007 - 5:36PM
PR Newswire (US)
DRAPER, Utah, Aug. 7 /PRNewswire-FirstCall/ -- 1-800 CONTACTS, INC.
(NASDAQ:CTAC) (the "Company" or "1-800 CONTACTS") today announced
that it will hold a special meeting of stockholders on Thursday,
September 6, 2007 at 8:00 a.m. Mountain time. The meeting will be
held at 1-800 CONTACTS' executive offices at 66 E. Wadsworth Park
Drive, Draper, Utah 84020. At this meeting, stockholders will vote
on the previously announced merger agreement, dated as of June 3,
2007, among 1-800 CONTACTS and affiliates of Fenway Partners
Capital Fund III, L.P., pursuant to which such affiliates have
agreed to acquire 1-800 CONTACTS for $24.25 per share. 1-800
CONTACTS stockholders of record at the close of business on Monday,
August 6 will be entitled to notice of the special meeting and to
vote on the proposal. (Logo: TPA:
http://www.newscom.com/cgi-bin/prnh/20040107/LACONTACTSLOGO) About
1-800 CONTACTS, INC. 1-800 CONTACTS offers consumers an attractive
alternative for obtaining replacement contact lenses in terms of
convenience, price, and speed of delivery. Through its
easy-to-remember, toll-free telephone number, "1-800 CONTACTS"
(1-800-266-8228), and its Internet web site,
http://www.1800contacts.com/, the Company sells all of the popular
brands of contact lenses. 1-800 CONTACTS offers products at
competitive prices, while delivering a high level of customer
service. About Fenway Partners Fenway Partners is a middle market
private equity firm with offices in New York and Los Angeles and
$1.7 billion under management. Fenway companies typically have
leading franchises and operate in two core industry segments,
branded consumer products and transportation/logistics. With
significant knowledge and success investing in these industries,
Fenway has built a strong reputation for its hands-on approach to
supporting its portfolio companies which include sporting goods
manufacturer Easton Bell Sports, school yearbook and class ring
manufacturer American Achievement, leading global supplier of
mobile computing cases and accessories Targus International,
expedited ground transportation provider Panther Expedited Services
and intermodal logistics service provider RoadLink USA. For further
information about Fenway Partners, please visit
http://www.fenwaypartners.com/. Forward-looking Statements This
press release contains a number of statements about the Company's
future business prospects which are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements include all statements
which are not purely historical and include, but are not
necessarily limited to, all statements relating in any way to the
proposed transaction with Fenway Partners. All such forward-looking
statements are based upon information available to the Company as
of the date hereof, and the Company disclaims any intention or
obligation to update any such forward-looking statements. Actual
results could differ materially from current expectations. Factors
that could cause or contribute to such differences include, among
others, the risks and uncertainties identified in the reports filed
from time to time by the Company with the U.S. Securities and
Exchange Commission, including the Company's most recent Annual
Report on Form 10-K and Quarterly Reports on Form 10-Q. Information
on the Company's websites, other than the information specifically
referenced in this press release, shall not be deemed to be part of
this press release. Additional Information About the Merger 1-800
CONTACTS, INC. filed with the Securities and Exchange Commission
(the "SEC"), and is furnishing to its stockholders, a definitive
proxy statement soliciting proxies for the meeting of its
stockholders to be held with respect to the proposed merger between
the Company and the affiliates of Fenway Partners. 1-800 CONTACTS
STOCKHOLDERS ARE ADVISED TO READ THE PROXY STATEMENT CAREFULLY
BECAUSE IT CONTAINS IMPORTANT INFORMATION. 1-800 CONTACTS
stockholders and other interested parties can obtain, without
charge, a copy of the proxy statement and other relevant documents
filed with the SEC from the SEC's website at http://www.sec.gov/.
1-800 CONTACTS stockholders and other interested parties can also
obtain, without charge, a copy of the proxy statement and other
relevant documents by directing a request by mail or telephone to
1-800 CONTACTS, INC., 66 E. Wadsworth Park Drive, Draper, Utah
84020, Attention: Corporate Secretary, telephone: (801) 316-5000,
or from the Company's website, http://www.1800contacts.com/. 1-800
CONTACTS and certain of its directors, executive officers and other
members of management and employees may, under SEC rules, be deemed
to be "participants" in the solicitation of proxies from
stockholders of 1-800 CONTACTS with respect to the proposed merger.
Information regarding the persons who may be considered
"participants" in the solicitation of proxies is set forth in 1-800
CONTACTS' definitive proxy statement relating to the proposed
merger filed with the SEC. Information regarding certain of these
persons and their beneficial ownership of 1-800 CONTACTS common
stock is set forth in the definitive proxy statement described
above. http://www.newscom.com/cgi-bin/prnh/20040107/LACONTACTSLOGO
http://photoarchive.ap.org/ DATASOURCE: 1-800 CONTACTS, INC.
CONTACT: Brian W. Bethers, President, or Robert G. Hunter, CFO,
both for 1-800 CONTACTS, INC., +1-801-316-5000, , or Anna Cordasco
or Brooke Morganstein, both of Sard Verbinnen & Co. for Fenway
Partners, +1-212-687-8080
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