CareerBuilder Receives Antitrust Clearance for Acquisition of HeadHunter.Net
RESTON, Va., and ATLANTA, Nov. 6 /PRNewswire/ -- CareerBuilder, Inc.,
through its parent Career Holdings, Inc., and HeadHunter.Net, Inc.
(Nasdaq: HHNT), announced today that the Federal Trade Commission has granted
early termination of the waiting period under the Hart-Scott-Rodino Antitrust
Improvements Act applicable to the tender offer for all outstanding shares of
common stock of Headhunter by CB Merger Sub, Inc., a wholly owned subsidiary
of Career Holdings. The tender offer is being made pursuant to a merger
agreement dated August 24, 2001, among Headhunter, Career Holdings and CB
Merger Sub, Inc. The tender offer is scheduled to expire at 5:00 p.m., New
York City time, on Tuesday, November 6, 2001, unless extended.
It is expected that shares of Headhunter common stock properly tendered
and not withdrawn prior to 5:00 p.m., New York City time, today will be
accepted for payment pursuant to the terms of the tender offer.
On August 31, 2001, CB Merger Sub commenced its previously announced
tender offer for all of the shares of common stock of Headhunter at $9.25 per
share, net to the seller, in cash. On September 18, 2001, Career Holdings and
Headhunter announced that the FTC had issued a request for additional
information and documents in connection with the proposed acquisition, which
extended the waiting period. Career Holdings is principally owned by Tribune
Company (NYSE: TRB) and Knight Ridder Digital, a subsidiary of Knight-Ridder,
Inc. (NYSE: KRI).
American Stock Transfer & Trust Company is the depositary for the tender
offer and 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 the tender offer are set forth in an offer to purchase and
related letter of transmittal, which are included in a tender offer statement
filed by Career Holdings, CB Merger Sub, Knight Ridder Digital and Tribune
Company with the Securities and Exchange Commission. Headhunter has filed a
solicitation/recommendation statement with respect to the tender offer. The
offer to purchase, letter of transmittal and solicitation/recommendation
statement were mailed to Headhunter shareholders. The tender offer statement
(including the offer to purchase, letter of transmittal and related documents)
and the solicitation/recommendation statement are also available for free on
the Commission's Web site at http://www.sec.gov.
None of Career Holdings, Headhunter, Tribune or Knight Ridder is
responsible for updating the information contained in this press release
beyond the published date, nor for changes made to this document by wire
services or Internet service providers.
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 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 Bloomberg.com, iVillage.com and
latimes.com, Philly.com, chicagotribune.com and BayArea.com.
About HeadHunter.NET, Inc.
Headhunter, a leading national online recruiting and job awareness
network, empowers candidates and corporations to manage the job search
process. The site features more than two million resumes and jobs representing
10,000 of the nation's top employers across virtually every industry.
Headhunter distinguishes itself by providing job seekers privacy when
searching and applying for jobs, and allows job seekers and job posters to
manage and track the visibility and performance of their listings. Headhunter
is based in Atlanta, with offices nationwide.
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 (NYSE: TRB) 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. Tribune media span 23 major-market television stations, including
national superstation WGN-TV; 11 market-leading daily newspapers, including
the Los Angeles Times, Chicago Tribune and Newsday; and news and information
Web sites in 18 of the nation's top 30 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
