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Stockholders Advised to Take no Action Pending Review
BOSTON, MA – Dec. 24, 2014 – /BackupReview.info/ — Carbonite, Inc. (Nasdaq:CARB), a leading provider of cloud and hybrid backup and recovery solutions for businesses, today confirmed that j2 Global, Inc. has commenced an unsolicited tender offer to acquire all of the outstanding shares of Carbonite common stock at a price of $15.00 per share.
Consistent with its fiduciary duties, Carbonite’s Board of Directors, in consultation with its independent financial and legal advisors, will review the offer.
The Board intends to advise stockholders of its formal position regarding the tender offer within ten business days by making available to stockholders and filing with the Securities and Exchange Commission a solicitation/recommendation statement on Schedule 14D-9. Carbonite’s stockholders are advised to take no action at this time pending the review of the tender offer by the Company’s Board.
Deutsche Bank Securities Inc. is acting as financial advisor to Carbonite and Sidley Austin LLP is acting as legal advisor.
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