Career Holdings, Inc., Commences Tender Offer for HeadHunter.NET
RESTON, Va., Aug. 31 /PRNewswire/ -- Career Holdings, Inc., backed by
Knight Ridder, Inc. (NYSE: KRI), and Tribune Company (NYSE: TRB) and the
parent of CareerBuilder, Inc., today said that it has commenced its previously
announced tender offer for all of the shares of common stock of
HeadHunter.NET, Inc., (Nasdaq: HHNT) at $9.25 per share, net to the seller, in
cash.
On August 24, CareerBuilder, Knight Ridder and Tribune announced plans to
acquire Headhunter.net, bringing together two of the nations leaders --
CareerBuilder and Headhunter.net -- in local and national online recruitment.
The Headhunter.net tender offer is being made pursuant to an agreement and
plan of merger dated August 24. The tender offer will expire at 12:00
midnight, Eastern time, on September 28, unless extended.
The offer is conditioned upon, among other things, there being validly
tendered and not withdrawn a number of shares that would constitute at least a
majority of the outstanding Headhunter.net shares on a fully diluted basis.
American Stock Transfer & Trust Company is the depositary for the tender
offer. Georgeson Shareholder Communications Inc. is the information agent.
This news release does not constitute an offer to purchase or a
solicitation of an offer to sell any securities. The complete terms and
conditions of this tender offer are set forth in an offer to purchase and
related letter of transmittal, which are included in a Tender Offer Statement
being filed today with the Securities and Exchange Commission. The offer to
purchase and letter of transmittal will be mailed to Headhunter.net
shareholders. The Tender Offer Statement (including the offer to purchase,
letter of transmittal and related documents) will also be available for free
on the Commission's Web site at http://www.sec.gov.
About CareerBuilder, LLC
CareerBuilder is the leading provider of targeted Web recruiting. Through
the CareerBuilder Network, employers can post jobs to pinpoint exactly the
right candidates by location, industry or diversity. Job seekers can instantly
search more than 70 of the Internet's best career sites, in just a couple of
clicks. CareerBuilder also provides personalized career services and advice.
The CareerBuilder Network is the most powerful career network on the Web,
including careerbuilder.com -- the flagship career center -- and the career
centers of premier destination sites including MSN, Bloomberg.com,
USATODAY.com, iVillage.com and latimes.com, Philly.com, chicagotribune.com and
BayArea.com.
About Knight Ridder, Inc.
Knight Ridder is the nation's second-largest newspaper publisher, with
products in print and online. The company publishes 32 daily newspapers in 28
U.S. markets, with a readership of 8.5 million daily and 12.6 million Sunday.
Knight Ridder also has investments in a variety of Internet and technology
companies and two newsprint companies. The company's Internet operation,
Knight Ridder Digital, creates and maintains a variety of online services,
including Real Cities (http://www.RealCities.com ), a national network of city
and regional destination sites in 55 U.S. markets. Knight Ridder and Knight
Ridder Digital are located in San Jose, Calif.
About Tribune Company
Tribune is one of the country's premier media companies, operating
businesses in broadcasting, publishing and on the Internet. It reaches more
than 80 percent of U.S. households, and is the only media company with
television stations, newspapers and Web sites in the nation's top three
markets.
MEDIA CONTACTS:
Christine Hennessey, Tribune Co.
chennessey@tribune.com
312-222-4850 (Office)
312-222-1573 (Fax)
Cynthia Funnell, Knight Ridder Digital
cfunnell@knightridder.com
408-938-6076 (Office)
408-938-6080 (Fax)
INVESTOR CONTACTS:
Ruthellyn Musil, Tribune Co.
rmusil@tribune.com
312-222-3787 (Office)
312-222-1573 (Fax)
Polk Laffoon, Knight-Ridder, Inc.
plaffoon@knightridder.com
408-938-7838 (Office)
408-938-7813 (Fax)
CareerBuilder Media Contact
For all media inquiries and interview requests, contact:
Jennifer Grasz
(P) 773-527-1164
(E) jennifer.grasz@careerbuilder.com
