CareerBuilder Parent Completes Tender Offer for HeadHunter.Net
RESTON, Va., Nov. 7 /PRNewswire/ -- Career Holdings, Inc., the parent
company of CareerBuilder, Inc., announced today the successful completion of
the cash tender offer for all of the outstanding shares of common stock of
HeadHunter.NET, Inc. (Nasdaq: HHNT). The tender offer expired at 5:00 p.m. New
York City time, on Tuesday, November 6, 2001. 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, the depositary for the tender
offer, has advised Career Holdings that as of the expiration of the tender
offer, approximately 20,423,098 shares of Headhunter common stock (including
guaranteed deliveries), had been validly tendered and not withdrawn,
representing approximately 99.9% of Headhunter's issued and outstanding
shares. All validly tendered shares have been accepted for purchase and
payment in accordance with the terms of the offer.
Career Holdings intends to complete the acquisition of Headhunter later
today through a merger in which each share of Headhunter common stock not
previously purchased in the tender offer will be converted into the right to
receive $9.25 per share in cash, without interest and subject to applicable
withholding.
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
