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27 Jan 2015
[ Detailed SEC filing information is found here: http://bit.ly/1yZPnQv ]
LOS ANGELES, CA – January 27, 2015 — /BackupReview.info/ — j2 Global, Inc. (NASDAQGS: JCOM) announced today that its tender offer for all outstanding shares of Carbonite, Inc. (NASDAQ: CARB) common stock was set to expire at 5:00 p.m., New York City time on January 26, 2015 and that, at that time, a total of 6,179,366 shares were validly tendered and not withdrawn.
j2 desires to purchase all tendered shares provided that the Carbonite Board of Directors approves of that purchase for purposes of Section 203 of the Delaware General Corporation Law and causes the recently adopted preferred share rights agreement to not be applicable to such purchase, and subject to the satisfaction or waiver of the other conditions of the offer.
In addition, j2 has been in discussions with Carbonite over the terms of a proposed confidentiality agreement to permit j2 to participate in Carbonite’s previously announced potential sale process. Accordingly, j2 is extending its tender offer to 5:00 p.m. New York City time on February 26, 2015 (unless further extended) in order to complete such negotiations and/or in hopes of allowing the Carbonite board of directors sufficient time to take the actions necessary to allow j2 to complete the acquisition of all tendered shares.
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Source: j2 Global
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