ACI Worldwide (ACIW) Extends Expiration on S1 (SONE) Exchange Offer
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ACI Worldwide, Inc. (Nasdaq: ACIW) announced today that it has extended its exchange offer for all of the outstanding shares of common stock of S1 Corporation (Nasdaq: SONE) until 5:00 p.m., Eastern time, on Wednesday, November 30, 2011, unless further extended.
The exchange offer is subject to various conditions, including the expiration or termination of the waiting period under the HSR Act and the absence of injunctions. Except for the extension of the exchange offer expiration date, all other terms and conditions of the exchange offer remain unchanged as of October 31, 2011.
As of October 28, 2011, 14,239,603 shares of S1 common stock had been validly tendered in, and not withdrawn from, the exchange offer, representing approximately 25.9% of the outstanding S1 shares.
Wells Fargo Securities, LLC is acting as financial advisor to ACI. Wells Fargo Bank, N.A. is acting as the exchange agent for the exchange offer. Jones Day is acting as legal advisor to ACI.
The exchange offer is subject to various conditions, including the expiration or termination of the waiting period under the HSR Act and the absence of injunctions. Except for the extension of the exchange offer expiration date, all other terms and conditions of the exchange offer remain unchanged as of October 31, 2011.
As of October 28, 2011, 14,239,603 shares of S1 common stock had been validly tendered in, and not withdrawn from, the exchange offer, representing approximately 25.9% of the outstanding S1 shares.
Wells Fargo Securities, LLC is acting as financial advisor to ACI. Wells Fargo Bank, N.A. is acting as the exchange agent for the exchange offer. Jones Day is acting as legal advisor to ACI.
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