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Silver Lake, ValueAct Capital to acquire customer data integration provider Acxiom17/05/2007. Source: AltAssets. 
 Silver Lake and ValueAct Capital have agreed to acquire 100 per cent of the outstanding equity interests in Little Rock, Arkansas-headquartered Acxiom Corporation in an all-cash transaction valued at $3bn, including the assumption of approximately $756m of debt.
Acxiom stockholders will receive $27.10 in cash for each outstanding share of stock. This represents a premium of approximately 14 per cent over the closing share price on 16 May 2007, the last trading day before disclosure of the agreement with Silver Lake and ValueAct Capital with respect to the acquisition of the company and a premium of approximately 20 per cent per share over Acxiom's average closing price per share during the 30 trading days ended 16 May 2007, according to a statement.
The board of directors has approved the merger agreement and recommended to Acxiom's stockholders that they vote in favour of the transaction.
ValueAct Capital's managing partner Jeffrey Ubben said, 'Clearly, we at ValueAct Capital have been an investor in Acxiom for several years because we are attracted by the foundation that Charles and his team have put in place, and we continue to believe in the company.'
Silver Lake focuses on large-scale investments in technology, technology-enabled, and related industries. The firm's portfolio includes or has included Ameritrade, Avago, Business Objects, Flextronics, Gartner, Instinet, IPC Systems, MCI, NASDAQ, Network General, NXP, Sabre Holdings, Seagate Technology, Serena Software, SunGard Data Systems, Thomson and UGS.
ValueAct Capital seeks to make active strategic-block value investments in a limited number of companies.
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