Navigant International Stockholders Vote to Adopt Merger Agreement
July 12 2006 - 11:18AM
Business Wire
Navigant International, Inc. (Nasdaq: FLYR), doing business as
TQ3Navigant (Navigant), announced that, at Navigant's special
meeting of stockholders held today in Englewood, Colorado, the
Navigant stockholders voted to adopt the Agreement and Plan of
Merger, dated as of April 26, 2006, by and among Carlson Wagonlit
B.V. (CWT), Horizon Merger Corp. and Navigant. Navigant and CWT
expect the merger to close during August 2006, subject to the
receipt of remaining regulatory approvals, receipt of financing and
the closing of the recapitalization of CWT also announced on April
27, 2006. About Navigant International, Inc. Denver-based Navigant
International, Inc., (Nasdaq: FLYR), doing business as TQ3Navigant,
is a global provider of travel management solutions that add
significant value by reducing costs, increasing management and
control, and improving travel efficiency. TQ3Navigant delivers
integrated travel management solutions blending technology with
personalized service and expertise. The company currently employs
approximately 5,200 Associates and has operations in approximately
1,000 locations in 22 countries and U.S. territories. For more
information, please visit www.navigant.com. Cautionary Statement on
Forward-Looking Statements This press release contains statements,
including, among others, statements about the acquisition of
Navigant by Carlson Wagonlit Travel and the timing and certainty of
the proposed transaction, that are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements are based on currently available
information and are based on current expectations and projections
about future events. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and are subject to risks and uncertainties. Actual events or
results may differ materially from those discussed in the
forward-looking statements as a result of various factors,
including, without limitation, the satisfaction of the conditions
to the closing of the transaction, the ability to obtain regulatory
approvals of the transaction on the proposed terms and schedule,
the failure of Navigant's stockholders to approve the transaction,
the failure of Carlson Wagonlit Travel to complete the financings
required to consummate the transaction and disruptions in the
travel industry such as those caused by terrorism, war, natural
disasters or general economic downturn. Additional information
regarding these and other risks and uncertainties that could cause
actual results to differ from those contained in the
forward-looking statements is contained in Navigant's definitive
proxy statement filed with the Securities and Exchange Commission
("SEC") on June 9, 2006, annual report on Form 10-K for the year
ended December 25, 2005, and in Navigant's other SEC filings,
including its filings on Forms 10-K and 10-Q. The forward-looking
statements made herein are only as of the date of this press
release, and Navigant undertakes no obligation to publicly update
such forward-looking statements to reflect subsequent events or
circumstances.
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