Epiphany Announces Special Cash Distribution in Connection with Its Pending Merger with SSA Global Technologies

Strategic Insights -

E.piphany, Inc., a provider of CRM software solutions, has announced a special cash distribution of $2.13 per share to its shareholders in connection with its pending merger with SSA Global Technologies, Inc. The distribution is part of the $4.20 per share merger consideration that will be paid upon closing. The special distribution is expected to be paid on or about October 6, 2005, with the record date being immediately prior to the effective time of the merger, which is currently expected to be on or about September 29, 2005.

Key Takeaways:

  • E.piphany's board of directors approved a special cash distribution of $2.13 per share, in addition to the cash merger consideration of $2.07 per share, making a total of $4.20 per share merger consideration.
  • The special cash distribution is subject to completion of the merger, which is currently expected to be on or about September 29, 2005.
  • The payment date for the special distribution is expected to be on or about October 6, 2005.
  • E.piphany's shareholders will receive a total of $2.07 per share in cash merger consideration and an additional $2.13 per share in special cash distribution, making a total of $4.20 per share.
  • The merger involves a high degree of risk, and the company may incur substantial expenses in pursuing the merger.
  • If the merger is not completed, E.piphany may be required to pay SSA a substantial termination fee.

Statistics:

  • E.piphany's shareholders will receive a total of $2.07 per share in cash merger consideration and an additional $2.13 per share in special cash distribution, making a total of $4.20 per share.
  • The recorder date for the special distribution is expected to be on or about September 29, 2005.
  • The payment date for the special distribution is expected to be on or about October 6, 2005.

Sources:

  • Press Release issued by E.piphany, Inc., dated September 15, 2005
  • Form 8-K filing with the Securities and Exchange Commission, filed on September 15, 2005.