GTCR Valor Extends Tender Offer For Vocus Until May 21

(RTTNews) - GTCR Valor Companies, Inc. said Friday that its subsidiary, GTCR Valor Merger Sub, Inc., has extended its previously announced tender offer to purchase all outstanding shares of common stock of Vocus, Inc. (VOCS) at a price of $18.00 per share until 9:30 a.m., New York City time, on Wednesday, May 21, unless the tender offer is further extended or earlier terminated.

The tender offer had been previously scheduled to expire at 9:30 a.m., New York City time, on May 16.

Also in connection with the tender offer, GTCR announced that on May 15, after review by the Antitrust Division of the United States Department of Justice, the Federal Trade Commission granted early termination of the waiting period applicable to the tender offer under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

The depositary for the tender offer has advised that, as of the close of business on May 15, a total of about 17,961,740 shares of Vocus's common stock, or about 83% of Vocus's outstanding shares of common stock, had been validly tendered into, and not properly withdrawn from, the tender offer, including 934,156 shares tendered pursuant to guaranteed delivery procedures that have not yet been delivered in settlement or satisfaction of such guarantee.