EFI and Printcafe Announce Election Deadline for Proposed Merger
Press release from the issuing company
FOSTER CITY, Calif.--Oct. 13, 2003-- Electronics For Imaging, the world leader in imaging solutions for network printing, and Printcafe Software, Inc. announced the election deadline in connection with EFI's proposed acquisition of Printcafe.
In order for a Printcafe stockholder to receive EFI common stock if the proposed merger is completed, that stockholder must make a valid election to receive EFI common stock before the election deadline of 5:00 p.m. New York City local time on October 20, 2003. If the proposed merger is completed, each share of Printcafe common stock for which a valid election was not received before the election deadline will be converted into the right to receive $2.60 in cash. The exchange ratio will be calculated as provided in the Merger Agreement between EFI and Printcafe dated February 26, 2003 and will be announced later this week. The October 20, 2003 election deadline date is set based on the assumption that the Printcafe stockholders meeting to approve the merger will take place on October 21, 2003, as currently scheduled, and the election deadline date shall be subject to change if the Printcafe stockholders meeting occurs on a different date.
The proposed merger remains subject to the approval of Printcafe's stockholders and the satisfaction of customary closing conditions. EFI and Printcafe expect to complete the proposed merger promptly after approval by Printcafe's stockholders.
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