New York, NY (March 9, 2007) – LAWFUEL – Law Deal, Law News – Paul, Hastings, Janofsky & Walker LLP, a leading international law firm, announced today that it represented Catalina Marketing Corporation (NYSE:POS) in a $1.7 billion buyout by ValueAct Capital.
The transaction is expected to close in the next several months and is subject to the approval of the company’s stockholders, regulatory approvals and other customary closing conditions. There is a 45-day window for other bidders to make competing offers.
The Paul Hastings team was led by partner Barry Brooks and included partners Kevin Logue, Michael Zuppone, Michael Chernick, Joseph Opich and J. Mark Poerio and associates Michael Cormack, Randy Merkelson, Jay Dubiner and Karoline Hinga.
About Catalina Marketing Corporation: Based in St. Petersburg, FL, Catalina Marketing Corporation (www.catalinamarketing.com) was founded over 20 years ago based on the premise that targeting communications based on actual purchase behavior would generate more effective consumer response. Today, Catalina Marketing combines unparalleled insight into consumer behavior with dynamic consumer access. This combination of insight and access provides marketers with the ability to execute behavior-based marketing programs, ensuring that the right consumer receives the right message at exactly the right time. Catalina Marketing offers an array of behavior-based promotional messaging, loyalty programs and direct-to-patient information. Personally identifiable data that may be collected from the company’s targeted marketing programs, as well as its research programs, are never sold or provided to any outside party without the express permission of the consumer.
About VALUEACT CAPITAL(R): VALUEACT CAPITAL(R), with offices in San Francisco and Boston and approximately $5 billion in investments, seeks to make active strategic-block value investments in a limited number of companies. The Principals have demonstrated expertise in sourcing investments in companies they believe to be fundamentally undervalued, and then working with management and/or the company’s board to implement strategies that generate superior returns on invested capital. VALUEACT CAPITAL concentrates primarily on acquiring significant ownership stakes in publicly traded companies, and a select number of control investments, through both open-market purchases and negotiated transactions.
Paul Hastings Janofsky & Walker LLP, founded in 1951, is a leading international law firm with over 1,100 attorneys in 18 offices. The firm serves a diverse client base including many of the leading global financial institutions and Fortune 500 companies and offers deep capabilities in Banking and Finance, Capital Markets, Corporate/M+A, Litigation and Dispute Resolution, Intellectual Property, Project Finance, Investment Management, Real Estate, Labor and Employment and Tax Advisory Services. For additional information, please visit our website at www.paulhastings.com.