CHICAGO — CCC Information Services Group, a supplier of advanced software, communications systems, Internet and wireless-enabled technology solutions to the automotive claims and collision repair industries, announced that its company stockholders voted to adopt a merger agreement with entities affiliated with Investcorp, a global investment group.
The merger is anticipated to be completed today, February 10, and is subject to the satisfaction of closing conditions. The terms of the merger are governed by the Agreement and Plan of Merger dated as of September 21, 2005, by CCC, Cougar Holdings, Inc. and its wholly owned subsidiary, Cougar Merger Sub, Inc.
CCC common stockholders will be entitled to receive $26.50 in cash, without interest for each share of common stock in the merger. Holders of Series F Preferred Stock will be entitled to receive $1 in cash, plus accrued and unpaid dividends, if any, without interest, for each share of Series F Preferred Stock in the merger.
For more information about CCC, go to: cccis.com .
To learn more about Investcorp, visit: www.investcorp.com .
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