Chicago - The company stockholoders of CCC Information Services Group Inc., a supplier of software, communications systems, Internet and wireless-enabled technology solutions to the automotive claims and collision repair industries, voted to adopt a merger agreement with entities affiliated with Investcorp, a global investment group.
The merger is anticipated to be completed on Friday, February 10, 2006, 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 and among 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 $1.00 in cash, plus accrued and unpaid dividends, if any, without interest, for each share of Series F Preferred Stock in the merger.
Source: CCC Information Services Group Inc.
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