Cybertrust Concludes Public Take-Over Offer of Ubizen
More than 95 Percent of Ubizen Shares Acquired
HERNDON, Va. - August 11, 2006, Cybertrust®, the global information security specialist, today announced that following the public take-over offer in cash on all outstanding shares and warrants K of Ubizen, its majority-owned subsidiary based in Leuven, Belgium, and acquisitions on the market, it has acquired 95.8 percent of outstanding shares.
Cybertrust’s objective is to acquire all outstanding shares and warrants of Ubizen in order to fully integrate Ubizen into Cybertrust. The operational integration between Cybertrust and Ubizen will improve efficiencies in working with the companies’ global customer base while increasing financial strength and stability. A fully integrated Cybertrust will create a leading global security services business, and completion of this transaction will position Cybertrust as a leading Managed Security Services and consulting service provider. However, Cybertrust’s board of directors has not yet taken any decision as to whether it will launch a squeeze-out procedure in accordance with Chapter IV of the Belgian Royal Decree of 8 November 1989 on takeover bids in order to acquire all outstanding shares and warrants of Ubizen. Cybertrust’s board of directors will communicate its decision whether to launch a squeeze-out bid at a later date.
Cybertrust is the global information security specialist, delivering services that secure critical data, protect identities and help customers demonstrate ongoing compliance. Headquartered in Herndon, Virginia, United States with more than 30 offices around the globe, Cybertrust is one of the world’s largest providers of information security and is recognized as the global market leader in managed security services. For more information, visit www.cybertrust.com.
© Cybertrust 2006. All Rights Reserved.
Cybertrust and Ubizen are trademarks or registered trademarks of Cybertrust Holdings, Inc. and/or its affiliates. All other trademarks are property of their respective owners.
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