Cash Offer Provides Carbonite Stockholders with Substantial Value and Immediate Liquidity

LOS ANGELES--( )-- j2 Global, Inc. (NASDAQGS: JCOM) on December 23, 2014 delivered a letter, a copy of which is included below, to Carbonite, Inc. (NASDAQ: Carb) indicating its intention to commence a cash tender offer to acquire all outstanding shares of Carbonite. j2 is seeking to acquire Carbonite and will be offering, subject to the terms and conditions described in its tender offer documents, to pay $15.00 per share. The full terms, conditions and other details of the tender offer will be set forth in the offering documents that j2 Global will be filing with the Securities and Exchange Commission.

 

The offer will not contain a financing condition.

 

Consummation of the offer will not be subject to a minimum tender condition, although it will be conditioned on j2 being satisfied, in its reasonable judgment, that it will not be subject to the restrictions of Section 203 of the Delaware General Corporation Law.

 

 

24 Dec 2014