HP Announces Final Tabulation in Exchange Offer for Indigo
Press release from the issuing company
PALO ALTO, Calif.--March 28, 2002-- Hewlett-Packard reported the final results of the exchange offer tabulation and proration calculations in connection with the exchange offer for all of the common shares of Indigo N.V. which was completed on March 22, 2002.
Based on the final tabulation, 46,198,343 Indigo shares were elected to be exchanged for the fixed offer price and 48,324,174 Indigo shares were elected to be exchanged for the contingent offer price. Under the terms of the offer agreement and based on the exchange election results, shareholder elections for the fixed offer price will be subject to a fixed price proration factor of 0.9069. As a result, Indigo shareholders who elected the fixed offer price will receive, in exchange for each share tendered, 0.3689 of a share of HP stock (0.9069 multiplied by the fixed offer price exchange ratio of 0.3759 plus 0.0931 multiplied by the contingent offer price exchange ratio of 0.3008) and 0.0931 of a contingent value right. Indigo shareholders who elected the contingent offer price will receive, in exchange for each share tendered, 0.3008 of a share of HP stock plus one contingent value right. In addition, cash will be paid to tendering Indigo shareholders in lieu of fractional shares of HP stock.
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