More information on The Hackett Group is available: by phone at +1 770 225 7300; by e-mail at email@example.com.
October 18, 2013
MIAMI, FL - October 18, 2013 - The Hackett Group, Inc. (NASDAQ: HCKT), a global strategic business advisory and operations improvement consulting firm, today announced the final results of its modified "Dutch auction" tender offer (the "Offer") to purchase up to $25 million in value of its common stock, par value $0.001 per share ("Common Stock"), which expired at 5:00 p.m., New York City time, on Tuesday, October 15, 2013.
Based on the final count by Computershare Trust Company, N.A., the depositary for the Offer, a total of 983,253 shares of Hackett's Common Stock were tendered properly and not withdrawn properly at or below the expected purchase price of $7.00 per share. The depositary will promptly issue payment for such properly tendered shares in accordance with the terms and conditions of the Offer.
As a result of the settlement of the Offer, Hackett has approximately 30.7 million shares outstanding.
Stockholders who have questions may call Georgeson Inc., the information agent for the Offer, at (877) 278-9672 (toll free).
The Hackett Group (NASDAQ: HCKT) is an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices implementation firm to global companies, offering digital transformation and enterprise application approaches including a robotic process automation and cloud computing. Services include business transformation, enterprise performance management, working capital management and global business services. The Hackett Group also provides dedicated expertise in business strategy, operations, finance, human capital management, strategic sourcing, procurement and information technology, including its award-winning Oracle EPM and SAP practices.
The Hackett Group has completed more than 13,000 benchmarking studies with major corporations and government agencies, including 93% of the Dow Jones Industrials, 87% of the Fortune 100, 87% of the DAX 30 and 58% of the FTSE 100. These studies drive its Best Practice Intelligence Center™ which includes the firm's benchmarking metrics, best practices repository and best practice configuration guides and process flows, which enable The Hackett Group's clients and partners to achieve world-class performance.
This press release contains "forward-looking statements" and involves known and unknown risks, uncertainties and other factors that may cause The Hackett Group's actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Factors that impact such forward-looking statements include, among others, the ability of our products, services, or practices mentioned in this release to deliver the desired effect, our ability to effectively integrate acquisitions into our operations, our ability to retain existing business, our ability to attract additional business, our ability to effectively market and sell our product offerings and other services, the timing of projects and the potential for contract cancellations by our customers, changes in expectations regarding the business consulting and information technology industries, our ability to attract and retain skilled employees, possible changes in collections of accounts receivable due to the bankruptcy or financial difficulties of our customers, risks of competition, price and margin trends, foreign currency fluctuations, changes in general economic conditions and interest rates and our ability to obtain debt financing through additional borrowings under an amendment to our existing credit facility, as well as other risks detailed in our reports filed with the SEC. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.