| Wed 20 Jun 2001, 0:00 | | Dimension Data Holdings Plc - Company Announcement |
|
ACQUISITION OF PROXICOM, INC.
DIMENSION DATA HOLDINGS PLC COMPLETES
ACQUISITION OF PROXICOM, INC.
London, England (June 20, 2001) - Dimension Data Holdings plc ("Dimension
Data") announced today the successful completion of its acquisition of
Proxicom, Inc. ("Proxicom"). Dimension Data completed the acquisition on
June 19, 2001 by merging its indirect wholly-owned subsidiary Putter
Acquisition Corp. with and into Proxicom, with Proxicom continuing as an
indirect wholly-owned subsidiary of Dimension Data. The merger followed the
cash tender offer by Putter Acquisition Corp. for all outstanding shares of
Proxicom at $7.50 per share. Pursuant to the tender offer, Putter
Acquisition Corp. purchased shares representing approximately 96.3% of
outstanding common stock of Proxicom. In the merger, each outstanding share
of common stock of Proxicom not previously purchased in the tender offer was
converted into the right to receive the same $7.50 per share cash price paid
in the tender offer. Dimension Data and Proxicom announced the terms of the
tender offer and the merger on May 11, 2001.
Ends
Contacts
Dimension Data Holdings plc
+27 11 709 1000
Dirk Ackerman, Global MD i-Commerce
Richard Came, Group Strategy & Marketing Director
Patrick Quarmby, Corporate Finance Director
+27 82 900 7490
Karen Cramer, Investor Relations
+44 20 7659 1600
Samantha Presbury, Public Relations
+27 83 450 9090
Louise Taylor, UK Corporate Communications
+44 20 7659 1600
Chris Wolf, US Marketing
+1 781 929 0307
Proxicom, Inc.
Kenneth Tarpey, Executive Vice President and CFO
+1 703 262 3200
Geary Campbell, Corporate Public Relations
+1 703 262 6134
Corey Cutler / Meredith Pudalov, Morgen-Walke Associates
+1 212 850 5600
Merrill Lynch & Co
Tim Pratelli, UK
+44 20 7772 1000
Sam Schwartz, US
+1 212 449 1000
Nick Pagden, SA
+27 11 305 5555
Deutsche Bank AG
David Weaver, UK
+44 20 7545 8000
Andrew Bester, UK
+44 20 7545 8000
John Zacamy, US
+1 212 250 2500
Financial Dynamics
+44 20 7831 3113
Giles Sanderson / James Melville-Ross
Note to editors:
Dimension Data
Dimension Data Holdings plc is a leading global network services and i-
Commerce solutions provider, focused on enabling enterprises,
telecommunications service providers and new economy companies to
communicate and transact effectively in an e-enabled environment.
Listed on the London Stock Exchange, Dimension Data is a constituent of the
FTSE 100 index. The Group operates in over 30 countries on six continents.
It has achieved a three-year compound annual growth rate in US dollars of
73% in revenue and 36% in basic earnings per share. For more information,
please go to www.didata.com.
Proxicom
Proxicom, Inc. is a leading e-business consulting and development company
that delivers innovative Internet and multi-channel solutions for Global
1000 companies and other global businesses. The company's 1,000 strategy,
creative and technology professionals provide specialised e-business
development expertise for the following global practices: Automotive and
Manufacturing, Communications and High Tech, Consumer Good and Retail,
Energy, Financial Services, Media and Entertainment and Service Industries.
Founded in 1991, Proxicom has developed and built e-businesses for such blue-
chip companies as America Online, General Electric, General Motors, Merrill
Lynch, Marriott International, NBC, and Toyota Motor Sales, USA, among many
others. With its headquarters in Reston, Va., Proxicom has offices in
Boston, Chicago, Houston, London, Los Angeles, Munich, New York, Paris,
Rome, San Francisco, and Sausalito, Calif. For more information, please
visit www.proxicom.com. As of March 31, 2001, Proxicom had net assets of
$148 million and profits before taxation for the year ended December 31,
2000 of $4.6 million.
THIS DOCUMENT CONTAINS FORWARD-LOOKING STATEMENTS THAT ARE BASED ON
DIMENSION DATA'S CURRENT EXPECTATIONS, ESTIMATES AND PROJECTIONS. WORDS
SUCH AS "EXPECTS," "ANTICIPATES," "FORECASTS," "INTENDS," "PLANS,"
"BELIEVES," "PROJECTS," AND "ESTIMATES," AND VARIATIONS OF SUCH WORDS AND
SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY SUCH FORWARD-LOOKING
STATEMENTS. THESE STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND
INVOLVE RISKS AND UNCERTAINTIES AND ARE BASED ON A NUMBER OF ASSUMPTIONS
THAT COULD ULTIMATELY PROVE INACCURATE AND, THEREFORE , THERE CAN BE NO
ASSURANCE THAT THEY WILL PROVE TO BE ACCURATE. ACTUAL RESULTS AND OUTCOMES
MAY VARY MATERIALLY FROM WHAT IS EXPRESSED OR FORECAST IN SUCH STATEMENTS.
AMONG THE FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY ARE
CHANGES IN COMPETITIVE OR ECONOMIC CONDITIONS AFFECTING THE E-BUSINESS
INTEGRATION INDUSTRY, PENDING OR FUTURE LITIGATION, CHANGES IN CURRENT LAWS
AND REGULATIONS, AND GENERAL DOMESTIC AND INTERNATIONAL ECONOMIC AND
POLITICAL CONDITIONS. DIMENSION DATA UNDERTAKES NO OBLIGATION TO UPDATE
PUBLICLY ANY FORWARD-LOOKING STATEMENTS, WHETHER AS A RESULT OF NEW
INFORMATION, FUTURE EVENTS OR OTHERWISE.
