Keane Announces Special Meeting of Shareholders to Vote on Caritor Acquisition of Keane
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BOSTON, April 13 -- Keane, Inc. (NYSE:KEA), a leading business process and IT services firm, today announced that it has filed a definitive proxy statement with the Securities and Exchange Commission and scheduled a special meeting of shareholders to vote on the previously announced definitive agreement under which Caritor, Inc., a global provider of IT services, would acquire Keane. The meeting will be held on Tuesday, May 15, 2007 at the offices of WilmerHale, 60 State Street, Boston, Massachusetts, at 10:00 a.m., local time. All Keane shareholders of record as of April 5, 2007, will be entitled to vote at the special meeting.
As announced on February 7, 2007, Caritor and Keane entered into a definitive agreement for Caritor to acquire Keane for an all-cash purchase price of approximately $854 million. Under the terms of the merger agreement, holders of Keane's common stock will receive $14.30 per share in cash, pending Keane stockholder approval and customary regulatory approvals, as well as satisfaction of other customary closing conditions.
About Keane
In business since 1965, Keane, Inc. (NYSE:KEA) is a leading business process and IT services firm. Keane delivers Application and Business Process Services to help clients transform their business and IT operations to achieve demonstrable, measurable, and sustainable business benefit. As a trusted advisor and partner for its clients, Keane solves real business issues through the development and implementation of cost-effective, change-oriented, industry-specific solutions.
Specifically, Keane delivers highly synergistic application and business process services, including Application Development and Integration Services, Architecture Services, Application Outsourcing, Program Management, and Testing, as well as Business Transformation Services including Business Process Outsourcing. Keane believes that business and IT improvements are best realized by streamlining and optimizing business and IT processes, implementing rigorous management disciplines, and fostering a culture of accountability through meaningful performance metrics. Based in Boston, Mass., Keane delivers its services throughout the United States, Australia, Canada, India, and the United Kingdom. For more information, visit www.keane.com.
Contact:
Danielle Wuschke
Keane Public Relations
617.517.1445
Source: Keane, Inc.
Web site: www.keane.com/
