SAN RAMON, CA / ACCESSWIRE / July 2, 2024 / The Particular Committee of the Board of Administrators of ARC Doc Options, Inc. (the “Firm”) (NYSE: ARC), a number one supplier of digital printing and document-related companies, introduced that it acquired a non-binding proposal in April on February 8, 2024 In the present day, the corporate’s Chairman and CEO Kumarakulasingam Suriyakumar outlined Mr. Suryakumar’s intention to discover and consider the opportunity of buying all the excellent shares of the corporate that Mr. Suryakumar doesn’t already personal in a going-private transaction. worth (the “Proposed Transaction”). On June 27, 2024, Mr. Suryakumar, the Firm’s President and Chief Working Officer Dilantha Wijesuriya, the Firm’s Chief Monetary Officer Jorge Avalos, the Firm’s Chief Know-how Officer Rahul Roy, personal investor Sujeewa Sean Pathiratne and sure entities and such individuals (collectively, the “Acquisition Group” “) The associated events agree in precept that they are going to cooperate with one another to barter and full the proposed transaction. A replica of Mr. Suriyakumar’s proposal is connected to the Acquisition Group’s Schedule 13D filed with the SEC on June 28, 2024.
Pursuant to the Proposal, the Firm established a particular committee of the Board of Administrators (the “Particular Committee”) composed solely of impartial, disinterested administrators on April 8, 2024 to overview and consider the proposed transaction. The Particular Committee has retained William Blair & Firm, LLC to supply monetary recommendation and Okay&L Gates LLP as authorized counsel to help in its ongoing overview and analysis of the proposed transaction and the Firm’s different strategic choices. Wilmer Cutler Pickering Hale and Dorr is serving as authorized counsel to the corporate.
The Particular Committee intends to rigorously contemplate the proposed transaction with the help of impartial monetary and authorized advisors. There may be no assurance that the phrases and particulars of any transaction, that any proposals made by the Acquisition Group with respect to the proposed transaction will probably be accepted by the Particular Committee, that the ultimate paperwork referring to any such transaction will probably be executed, or that the transaction will probably be executed. The file is full.
The Firm and the Particular Committee don’t intend to remark or disclose additional developments in reference to the Particular Committee’s consideration of the proposal until the Firm and the Particular Committee consider that additional disclosure is suitable or required. Firm shareholders are suggested to not take any motion presently.
About ARC Doc Options (NYSE: ARC)
ARC works with high manufacturers world wide to inform their tales by visually compelling graphics. We use superior digital printing know-how, sustainable supplies and progressive applied sciences to appreciate their imaginative and prescient. ARC additionally gives different digital printing and scanning companies to quite a lot of industries in North America and choose markets world wide. Observe ARC at www.e-arc.com.
Cautionary Be aware Concerning Ahead-Wanting Statements
This press launch comprises forward-looking statements which are based mostly on administration’s present opinions and assumptions relating to future occasions. Phrases and phrases similar to “will,” “intend” and related expressions establish all statements apart from forward-looking statements and statements of historic reality, together with, with out limitation, any of the Firm’s expectations relating to the proposed transaction, the phrases and situations of the proposed transaction, and the Particular Committee actions, together with consideration of all potential strategic choices to maximise shareholder worth, could also be deemed to be forward-looking statements. We warning you that such statements are solely predictions and are topic to sure dangers and uncertainties that might trigger precise outcomes to vary materially from these contained within the forward-looking statements. Along with components affecting development, print administration companies, the digital printing trade or the economic system as a complete, components that might trigger precise outcomes to vary from the expectations said within the forward-looking statements embrace these beneath the heading “The Firm’s fiscal 12 months ending December 31, 2023 “Half I – Merchandise 1A” of the Firm’s Annual Report on Kind 10-Okay and future filings and studies filed infrequently with the SEC. ” The Firm undertakes no obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case, besides as required by regulation.
contact:
David Stickney
Vice President, Company Communications and Investor Relations
925-949-5114
supply: ARC file options
View the unique press launch at accesswire.com
