J2 Global Plans To Commence $15.00 Per Share Cash Tender Offer For Carbonite

(RTTNews) - j2 Global, Inc. (JCOM) Wednesday said that on December 23, it delivered a letter to Carbonite, Inc. (CARB) indicating its intention to commence a cash tender offer to acquire all outstanding shares of Carbonite for $15.00 per share.

The full terms, conditions and other details of the tender offer will be set forth in the offering documents that j2 Global will be filing with the Securities and Exchange Commission. The offer will not contain a financing condition.

Consummation of the offer will not be subject to a minimum tender condition.

Copper Holdings, Inc., a wholly owned subsidiary of j2 Global, Inc., will commence a cash tender offer for all outstanding shares of common stock of Carbonite.

Notwithstanding the tender offer, j2 Global said it remains fully prepared and eager to engage in discussions with Carbonite and continues to look forward to hearing from Carbonite and its Board directly on the proposal.